As part of the move, the company will slash roughly 2,400 jobs and shut around 20 of its plants.
"One of the reasons we did better than most people thought in the quarter was despite a slowing economy, I have a feedstock advantage here in the United States for the first time if a long time," said Andrew Liveris, CEO of Dow Chemical, in discussing his company's results on CNBC's "Squawk Box" Wednesday."
RLP did better than people thought does not mean well. American plants should be running past practical capacity based on their cost advantage with American domestic natural gas to say nothing of deeply discount ngls thanks to lack of demand in the completely distorted Obama economy.
You are an interesting Progressive. You have a religion of delusion that relativistic values can result in truly rational secular government. In a completely mad attempt to maintain your delusion you resort to trying to mis-inform fellow Americans to create an alternative reality perception. 'Perception is reality' always ends badly.
RLP it appears you have chosen subvert yourself or individuality to the phantom of mystic collectivism.
Obama policies have been failures for many primary and secondary outcomes which rational econ 101 principals would forecast.
The primary or causal delusion of the false Progressive religion is that making the economic foundations of food and energy artificially expensive will lead to improved economic efficiency - and serve the pagan earth goddess with ‘sustainability’.
Simple math proves reducing real incomes in this way depresses economic demand and results in powerful deflationary/depressionary forces. The reality is Obama’s artificially high food and energy costs are crony capitalist payoffs which destroy economic efficiency. To offset this destruction of economic efficiency Obama resorts to the stimulus of $1 trillion deficit spending and the Fed has resorted to massive debasement of our currency and distortion of interest rates as a further currency debasement.
I do understand why you are becoming ever more angry as you are forced to resort to ever more petty and irrational arguments to ‘sustain’ the Progressive cult of personality you have vested in Obama.
Worship God not man. The rationality required to form stable and Just civilization must begin with personal intellectual honesty. Europe is failing as secularism always does.
As Clint says in Americanish. ‘If a man cannot do the job it is fine to replace him’.
This is self-apparent to Just common sense Americans.
Advanced degrees and diligent study of fancy stuff is only required to describe the behavior of progressive to them not fellow Americans. In fact for most Americans they are correct in assuming it is a waste of time when personal character is the only measure of a person.
Obama really believes making food and energy artificially expensive via political delusion will result in economic growth and greater social justice - even as he decimates living standards of working class Americans. Nor does the clear failure of his policies in the last for years modify his faith for it is collectivist faith not rationality which drives him.
Obama is just a man. A man who cannot do the job of President. No big deal.
It is always American economic power which has stabilized the insanity in Europe. Nothing has changed except we have a President who in irrational faith truly believes we should be like them.