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  • Ohioblog: A Swing State Journal

    Saturday, October 09, 2004

    Pack 'em up, move 'em out  

    President Bush likes to say America is on the move economically, and he is absolutely right. Lanxess Corp., a chemicals company, is, for instance, moving out of Fairlawn. It is moving what was known as Bayer Corp.'s chemical and elastomers business out of Polymer Valley (sure helps to all this polymer knowledge and the highly regarded University of Akron College of Polymer Science and Polymer Engineering) to consolidate operations in Pittsburgh, where the Akron Beacon Journal's John Russell reports it got a sweetheart deal from Pennsylvania to locate. Jobs will be lost, people forced to move or quit and next month, after the presidential election, these people may be numbers in the next Labor Department jobs report. The September report, the last before Election Day, came out Friday and Wall Street was so thrilled with the movement that it fell 70 points. For the fourth month in a row the number of jobs created (96,000) fell below what economists estimate is necessary (150,000) to keep pace with population growth. As the president's Democratic challenger likes to point out almost as often as he breathes, Bush ``will be the first president in 72 years to face the electorate with an economy that has last jobs on his watch.'' It is one thing for the Akron area to lose an eyewear company that has been purchased by other eyewear company, it is quite another to lose companies associated with the polymer industry Akron and Northeast Ohio are trying to cultivate.

    - Steve Love

    posted by Ohioblog: A Swing State Journal at 10:29 AM

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