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Another Obama Touted Company Shuts its Doors

Posted by Steve Markowitz on January 6, 2013

Lincoln FurtinureIn the fall of 2011, Lincolnton Furniture Company was a startup manufacture of hardwood furniture that began operations in Lincolnton, North Carolina.  Shortly thereafter the company was touted by Barack Obama as an example of the resurgence in America manufacturing with its CEO, Bruce Cochrane, not only invited to the White House, but a guest of the President at his State of the Union message.

This past week woodworkingnetwork.com reported that Lincolnton Furniture Company shut its doors, laying off nearly all 60 employees.  In announcing the closing the company blamed fierce competition from Chinese furniture manufacturers and unanticipated costs relating to retrofitting the manufacturing facility.  Just another piece of wishful thinking from a presidnet that has no business experioencec.

The story of Lincoln Furniture Company has been repeated often throughout the United States.  It is another example of the difficulties that manufactures have succeeding in the United States.  Clearly the myriad of governmental interventions and programs have failed to stem the tide of plant closings.  Unfortunately, attempting to understand the reasons for America’s decline in manufacturing, the government re-doubles its effort repeating the same failed programs.  Expecting different results from the same actions is the true definition of insanity.

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