Thursday, June 12, 2008

Baby Blunt's Budweiser Blunder

I can't bite my tongue on this story.

But politicians and activists are already lining up against the deal, saying it could cost jobs in the United States and send ownership of an iconic American company overseas. With economic concerns at the front of voters' minds, the opposition could cause a headache for InBev.

Republican Gov. Matt Blunt said Wednesday he opposes the deal, and directed the Missouri Department of Economic Development to see if there was a way to stop it.

"I am strongly opposed to the sale of Anheuser-Busch, and today's offer to purchase the company is deeply troubling to me," Blunt said in a statement.

Web sites have sprung up opposing the deal on patriotic grounds, arguing that such an iconic U.S. firm shouldn't be handed over to foreign ownership. One of the sites, called SaveAB.com, was launched by Blunt's former chief of staff, Ed Martin.

"Shareholders should resist choosing dollars over American jobs," Martin said in a statement Wednesday night. "Selling out to the Belgians is not worth it - because this is about more than beer: it's about our jobs and our nation."


I'm not looking to do Budweiser any favors, BUT, Guvnah Blunt needn't have a say in who owns Budweiser. If InBev feels like they can make the company more profitable and increase Budweiser's presence around the world (shudder), no government agency should get to stand in their way. This patriotism crap that Ed Martin is spouting is equally dubious. Say it with me, geographical borders don't matter when it comes to ownership of assets. "Buy American" is a load of crap, buy the best product.

Just to peeve off everyone, I'll go one step further and offer a suggestion to InBev, lay off the Budweiser union workers and hire un-union with ownership (the Southwest model). This will increase profitability and increase flexibility in the labor market.

Update: Evan Newmark in the WSJ makes some of my points. No word on whether he was actually copying me, but I suspect he was.

5 comments:

  1. *GASP*
    You're lucky you don't live in STL.

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  2. I'm from StL and drink Miller just to piss everyone off.

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  3. You are a fuckin moron!! Business isn't ALWAYS about the money. There's quality, honesty and heaven forbid, care for employees....

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  4. Why is it more and more the "best" product ends up being the "cheapest" product? How much crap from China do we really need? I can't say the quality wows me.

    I see what you are saying about buying the best product. And you are probably right. I think this nation needs some serious scares to get back to creating the best products. We've been fat and happy, and lazy, for some time. Look at what that has allowed in the current political climate.

    We don't wan't Mexicans to take our jobs? Bullshit. Most of us don't want to work, period.

    Maybe we can get some Belgian labels out of this...

    The union thing is tough. Unfortunatly those at the top respect profit potential more than their greatest asset, the workers.

    As long as we have Enrons we NEED unions. They piss me off too, but so do the CEOs and boardrooms that chop good people down to preserve a profit margin. They don't layoff workers because it's the right thing to do. They layoff workers because it's the EASY thing to do.

    When was the last time you heard someone say "I love working for this company" ???

    Wageslaves and their output pales in comparison to someone with PRIDE. Treating human beings like broken tools does not instill PRIDE.

    Hard work and respecting your greatest assets do not seem to exist today.

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