Thread Rating:
03-09-2021, 03:41 PM
(03-09-2021, 03:24 PM)The Outsider Wrote:You do have a point. Joe Biden is probably napping in the Oval Office right now and he abused his office of VP to get a Ukrainian prosecutor who was investigating his son's employer fired.(03-09-2021, 01:51 PM)Hoot Gibson Wrote: The assumption that companies that go bankrupt do so to avoid "paying their bills" shows a deep ignorance of our economic and legal systems. Some of the best managed and most ethical coal mining companies in this country went bankrupt during and after the Obama/Biden War on Coal. Plummeting gas prices resulting from the increased production achieved through an increased usage of fracking helped speed their demise.Obviously you can hold the highest office in the Country and be a flim-flam man. Here are some links to stories on Justice, who has a net worth of 1.5 billion.
Coal mining companies have historically operated with much lower profit margins than companies in many other sectors of the economy, so as a rule, they do not operate with huge reserves of cash on hand. When the price of coal drops quickly and/or costs quickly skyrocket, coal companies begin operating as a deficit. When mines are temporarily closed, fixed prices to maintain mines to the point that they may be reopened later when prices recover are high compared to most industries. Mines have to be inspected by law, pumps and ventilation fans must continue to run, etc.
The assumption that companies that file bankruptcy could pay their creditors if they wanted to do so is almost always untrue and if bankruptcy courts find that individuals have hidden assets from them, somebody generally is charge with criminal offenses and sent to jail.
Liberals who spread this kind of misinformation, with absolutely no evidence, make me sick. This is the kind of attitude that drives companies to offshore manufacturing operations to countries that appreciate the risks that companies take by investing in businesses that provide jobs and wealth. I don't really know anything about Jim Justice but I suspect that he would not have been electable if he had a reputation of being a shady operator as you have implied that he is.
https://www.kentucky.com/opinion/article231515148.html
https://www.propublica.org/article/see-whos-taken-billionaire-gov-jim-justice-to-court-over-unpaid-bills
https://www.governing.com/archive/tns-justice-virginia-taxes-governor-kentucky.html
BTW, you posted three links to the same editorial - a link to an opinion piece written by a Lexington Herald-Leader columnist. What is it about liberals in this forum? If you had even clicked on all three links and glanced at the pages that came up, then you would have realized that it was the same editorial. Instead, you have about as much credibility as the Herald-Leader has. You posted another person's opinion in triplicate.
Messages In This Thread
Republican Governors making sense - by Cardfan1 - 03-07-2021, 01:52 PM
RE: Republican Governors making sense - by Old School Hound - 03-07-2021, 03:36 PM
RE: Republican Governors making sense - by Cardfan1 - 03-08-2021, 04:04 PM
RE: Republican Governors making sense - by The Outsider - 03-08-2021, 06:24 PM
RE: Republican Governors making sense - by Old School Hound - 03-08-2021, 07:54 PM
RE: Republican Governors making sense - by The Outsider - 03-08-2021, 11:19 PM
RE: Republican Governors making sense - by Hoot Gibson - 03-09-2021, 01:51 PM
RE: Republican Governors making sense - by The Outsider - 03-09-2021, 03:24 PM
RE: Republican Governors making sense - by Hoot Gibson - 03-09-2021, 03:41 PM
RE: Republican Governors making sense - by The Outsider - 03-09-2021, 11:05 PM
RE: Republican Governors making sense - by vector#1 - 03-10-2021, 09:17 AM
Users browsing this thread: