"Barry seems to have a real Kiss of Death going. Hope the $5 mill investment wasn’t from the govt. This poor sap actually believed the dictator and his followers and really thought the economy was getting better and there would be orders for his furniture. So much for that. If Bruce Cochrane was stupid enough to think Barry wants to create jobs not kill jobs, then I’m not surprised the company went bankrupt. Guess he didn't he realize, "He didn't build that". MC
He’s got that magic touch.
Eleven months ago Barack Obama praised Lincolnton Furniture Company at the White House.
(Skip to 9:50 minute mark to hear the BS.)
But that was eleven months ago.
Lincolnton just went bust.
The Miami Herald reported:
Lincolnton Furniture Company closed abruptly Thursday just one year after it was hailed by President Barack Obama as an example of the recovering U.S. economy.
Furniture-making operations stopped indefinitely and only a few people will remain employed moving forward, company financial officer Ben Causey said.
“I don’t know where it’s going to go exactly; we’re still evaluating our situation,” Causey said. “We just didn’t have any choice at this point.”
The company was not receiving the orders it needed to sustain its operations, Causey said.
“We needed more orders is really what it boiled down to,” he said. “We thought they would materialize.”
Owner Bruce Cochrane, a fifth generation furniture-manufacturer, formed the company in 2011 with a $5 million investment and the hope he could make a profit off people who wanted to buy furniture made in America.
It was a move that caught the attention of North Carolina officials and those in the White House. Last year, Cochrane sat with the first lady during Obama’s 2012 State of the Union Address. He also joined the president and other business leaders in a discussion about how to create more jobs at home.
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