Tuesday, November 29, 2016

The Government by the Worst People Rolls On

This is just sickening, and it gives the lie to the notion that Trump gives a damn about ordinary working people. Today's worst human being is named Wilbur Ross. You can read about him here:



Ross made his money collecting “distressed assets”—failing steel and textile mills in the Midwest and South, and coal mines in Appalachia. Dubbed the “the King of Bankruptcy,” Ross cut jobs, wages, pensions, and health benefits at the companies he acquired, and reaped the profits. In the early 2000s, Ross’s foray into the steel industry netted him a $267 million personal windfall, but stripped health-care benefits from more than 150,000 retired steelworkers. Then he moved on to the coal industry, at one point controlling as much as $1.2 billion in coal assets through his company, the International Coal Group.

One of ICG’s acquisitions in West Virginia was the Sago Mine, about 100 miles east of Charleston. The mine, a non-union operation, racked up a slew of safety violations from federal inspectors—more than 208 in 2005 alone. That year, the roof of the mine collapsed 20 times. Workers at Sago were injured three times as often as workers in similar mines elsewhere. Though Ross claimed not to be part of operating management at Sago, he admitted later that he was aware of the violations, and waved them away.

Congratulations, West Virginia and Kentucky! This is what you voted for.

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