| In December of 2008 the employees of Republic | | | | are entitled too. |
| Door and Window were laid off with three-day | | | | Never mind that the bank already has those |
| notice, not the 60-day layoff notice that is | | | | assets collateralized and that the company's |
| required. How could this happen? Well, credit | | | | vendors are in line to get anything left over in a |
| markets are tight and the company could not get | | | | bankruptcy auction. If the employees come |
| the money it needed to pay the expenses, so it | | | | before the bank by filing a lawsuit then what will |
| was forced to close its doors. Obviously with new | | | | happen? Well, consider this, right now about 1/3 |
| housing starts at a standstill and the subprime | | | | of all businesses do not have enough cash |
| mortgage crisis, not too many home builders are | | | | reserves to pay all their employees and benefits |
| ordering lots of doors or windows and with the | | | | 60-days in advance and still operate their |
| economy at the bottom of a recession there are | | | | companies. |
| not many people remodeling. | | | | Thus, in the event of a lawsuit win on behalf of |
| Okay, we know all this right, but now the | | | | the employees, many companies will be forced to |
| employees of Republic Door and Window will not | | | | immediately announce lay-offs for fear of violating |
| leave the premises, and tell the media that they | | | | the law or not having the money they need |
| are owed severance pay, vacation pay, sick pay | | | | on-hand and therefore opening their executives up |
| days and they are not leaving until they get the | | | | for criminal penalties. The banks realizing this will |
| money. Further, they refuse to let secured | | | | also wish to reduce their risks and demand |
| creditors in to lock the doors or collect assets. | | | | "escrow accounts" or insurance for 60-pay for all |
| The employees say that their rights were violated | | | | labor. Again, this will cause more layoffs and |
| and the come before the bank. If they do not | | | | closing of companies and revocation of more |
| get satisfaction from the bank they will have a | | | | commercial credit lines. |
| protest march in downtown Chicago in two days | | | | Now the employees of Republic Door and Window |
| or December 11, 2008. | | | | could secure funding for an ESOP, but most folks |
| The workers are joined by labor unions, some of | | | | in America are already 150% in short-term debt, |
| whom are hoping for a bailout package for the | | | | and they most likely cannot even get a car loan |
| automakers, as they fell they might be next. | | | | right now, much to the frowns of those nearby in |
| Others include construction union workers and | | | | Detroit. Would the employees, if they could, be |
| many other local union shops. President-Elect | | | | willing to go online or in-hawk for the debt needed |
| Obama was on TV with reporters telling | | | | to buy the company or save it from bankruptcy? |
| everyone that the workers have a right to what | | | | No, most likely not, why would they want to take |
| they are owed, entitled to the benefits they were | | | | the risk right now of a manufacturing firm selling |
| promised and the money they've earned. So, now | | | | to the housing or commercial building industry, not |
| the upset workers seem to feel they have the | | | | exactly the right sector to be in right now is it? |
| right to protest until their demands are met. | | | | Of course not, times are tough, and these |
| Now then, we all know the previous laws passed | | | | employees are demanding something that just |
| require companies to notify that employees | | | | isn't feasible and if they do not get it, they will |
| 60-days prior to layoffs. But, we also know that | | | | protest in the streets in Chicago, because the |
| banks are busy revoking commercial credit lines. | | | | President-Elect tells us it is their right to |
| Now if the employees get their way, and mind | | | | "community organize" and march. Perhaps, you |
| you they are telling the media they are protecting | | | | may not see the irony in all this, but to better |
| their assets such as the doors and window that | | | | understand, why not read Ayn Rand "Atlas |
| they have already completed, and the equipment | | | | Shrugged," and consider where we are headed |
| inside the company, in case they have to sell it to | | | | was we enter the era of Entitlement Riots. Think |
| get their back-owed money, that they claim they | | | | on this. |