The House that George Westinghouse built back when Pittsburgh was the Silicon Valley of the Guilded Age went bankrupt today and guess who we have to thank for it… of course Preznit ‘n Chief Donald J. Trump. I say “have to” because he has basically instructed the media stenographers that He and He alone is responsible for every job created in the US of A since inauguration day. So a mine reopened in West Virginia with 50 jobs ALL BECAUSE OF HIM. Today the entire American nuclear plant design sector went bankrupt, probably costing thousands of jobs if not the end of an industry ...ALL BECAUSE OF HIM.
Westinghouse became WESTINGHOUSE when George Westinghouse saw a big opportunity and invented Nuclear Plants back in the 1800s. He also made toasters, electric ranges and a lot of TV stations. He was kinda like Elon Musk. Oh, it says here in my 1968 World Book Encyclopedia that his first big hit was airbrakes for steam engine trains that were big back then. So yeah, just like Elon Musk.
Of course others, including some local Pittsburgh Billionaires (shot’n a beer yinzers, no doubt) who want to buy the 11,000 employee firm out of bankruptcy see other culprits:
The Pittsburgh buyer says it makes no sense to keep the current management in place that ran the company into the ground.
“The very people that mismanaged this company are the very people who have the most to gain by filing bankruptcy.”
-KDKA *
Sorry but it sounds like the incumbent management team took their lessons directly from The Donald’s unpublished masterpiece “The Art Of The Bankruptcy”.
Drilling into the specifics of the debacle we find this information:
In boxes checked on the court filing, Westinghouse estimates assets between $1 billion to $10 billion with liabilities of between $1 billion to $10 billion, and at least 1,000 to 5,000 creditors.
-KDKA
YOWZERS SCOOBY! So is it worth $1Billion with $10 Billion in debt or worth $10 Billion with $1 Billion in debt? Big difference. Looks like a carbon copy of DJ Trump’s “Financial Disclosure”. No tax returns here. More evidence the Anti-POTUS did it.
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So remember kids, next winter when gas is $4 a gallon and the Marines are the only ones hiring, we have to give all the credit where our Dear Leader will insist it belongs… THANKS OBAMA!
*Oldest TV station in USA, used to be owned by Westinghouse BTW