Sunday, September 11, 2011

Vermeer Located West of Williston, Heart of the Bakken -- Story in New York Times

A story in yesterday's edition of The New York Times features the Vermeer Corporation. The article was sent to me in light of the president's proposed ("pass this bill") half-trillion dollar program for public school teachers and renovation of schools across the country.

But I've always wondered about the background of the Vermeer site west of Williston -- another huge complex in the heart of the Bakken -- but always forget to look it up. So now, I can connect the dots.

Like General Electric, Vermeer is increasingly moving its operations to China.
The company he founded bears his name, but for all its American roots, the Vermeeer Corporation put its newest factory — and the wealth that goes with it — not here but in the capital of China.

As President Obama urges Congress to enact a package of tax cuts and new government spending intended to revive growth and create jobs, one crucial corner of the American economy — manufacturing — has largely fallen off Washington’s radar screen. 
I use General Electric as an example because the GE / CEO is the president's economic czar. Again, I cannot make this stuff up. 

Lots of dots here to connect, but the best dot: the Bakken is big enough for Vermeer, and Vermeer is big enough for China.

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