On the recordJune 25, 2004
I would like to tell today the tale of two visits. President Bush last year visited Canton, Ohio, visited his friends at the Timken Company. John Kerry today visited Canton, Ohio. I would like to tell you a little bit about each visit. When President Bush came to Canton, Ohio, he came to the Timken Company, a fourth generation manufacturing firm in Ohio, one of George Bush's largest contributors. The Timken family has given and raised for President Bush well over $1 million over last 2 years. He came to Mr. Timken's plant and celebrated his program, his economic program. He stood at the Timken plant and bragged on Timken's workers, as he should have, saying that Timken employees were 10 percent more productive this year, he said that a year ago, this year, than the year before. Ten percent more productive. Now, a few months later Timken announced, earlier this year, that they had their best, their highest sales, highest quarterly sales they had ever had. A week after that they announced they had a 60 percent increase in earnings per share over the same quarter a year ago. Ten percent more productive workers, highest sales ever, very good earnings per share. A week later, the Timken management announced that it was closing its three plants in Canton, Ohio, shutting down its Ohio production, laying off 1,300 workers and moving the factories to China.
Source
govinfo.gov




