Tuesday, March 17, 2009

Republican Star Believes in Nationalizing Industry, Not Banks

That was my reaction when I saw this from brownfield (the piece mentions Bobby Jindal as involved in the negotiations):
Poultry processor Pilgrim’s Pride has rejected the latest offer from the State of Louisiana and Foster Farms for the plant in Farmerville, Louisiana. As part of Chapter 11 restructuring, Pilgrim’s Pride announced in February it is going to idle the plant which employs 1,300 people. The State of Louisiana offered to go 50-50 with California-based Foster Farms to buy the plant for $40 million. Pilgrim’s Pride rejected that offer saying it was not enough.

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