Monday, July 14, 2008

McCains To Profit From InBev Deal

. . . By the tunes of an estimated $800K to $1.6 M, according to the Wall Street Journal.
Here's what others are saying about the sale of Bud:
Gary Marble of Associated Industries of Missouri: “Concerned for its employees and all workers in Missouri, in 1919 Anheuser-Busch joined with other prominent businesses to form Associated Industries of Missouri to pass our state’s first workers’ compensation law. Throughout AIM’s nearly 90 year history Anheuser-Busch has remained a strong and supportive member, allowing AIM to fight for all businesses at the State Capitol. Anheuser-Busch has been a vital force in the business community of Missouri, and it is AIM’s sincerest hope that InBev will continue that tradition. For St. Louis and Missouri as a whole, Anheuser-Busch has been a valued corporate neighbor and one of our top employers. It represents the very best of what Missouri has to offer.”
Sen. Claire McCaskill: "I’m disappointed. Anheuser-Busch’s Missouri workforce will continue to make the company one of the best in the world, and I am going to do everything I can to make this new arrangement work for Missouri and the millions of Americans who love Budweiser. We need to remember that InBev could afford this All-American company because of the weak dollar created by the economic policies of the last seven years. It’s time for a change in our nation’s economic priorities."
The Atlantic's Matthew Yglesias: "Wouldn't it kind of suck to be Claire McCaskill and duty-bound to endorse absurd claims about the quality of mass market American beer?"
Democratic candidate for Governor Jay Nixon: "Anheuser-Busch is more than the nation’s largest beer producer, and it’s more than a major employer. It’s a source of pride for our region and part of the fabric of our community. I was disheartened to learn that the sale was final, putting thousands of Missouri jobs at risk. The Anheuser-Busch sale is the latest in a series of economic blows that our state has endured in the past few weeks. This past weekend, we learned that Bombardier has decided not to build its new plant in Missouri after all. Two weeks ago, Chrysler announced plans to close its Fenton plant and downsize another local plant, which will leave another 2,400 hardworking Missourians out of work. Our state has lost more than 15,000 jobs since October, and our unemployment rate is now among the nation’s highest. Our economy is clearly moving backwards, and Missouri families are struggling to make ends meet. Gas and grocery prices are skyrocketing, health care is unaffordable, and Missourians are worried about their jobs leaving the state. To turn this economy around, I believe we need to invest in Missouri’s greatest asset -- its hardworking men and women. That means investing in job re-training programs, rebuilding our Main Streets and making college more affordable for middle-class families. We need to hold the line on taxes -- and give additional tax relief to the Missourians who need it most. I firmly believe our best days are ahead of us, and that together we will move this economy forward and give Missouri families the change they need."

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