Boeing Signs Big China Deal, Lays Off 1,100 Americans
Boeing Signs Big China Deal Wednesday
Lays Off 1,100 Workers Thursday
: Who is the Boeing deal supposed to help, Hu?
Pomp, circumstance and puffery of the state dinner with the Chinese president be damned!
One of the biggest deals to be “announced” (though it actually had been announced already) during the state visit of President Hu Jintao was a $19 billion Chinese order for 200 planes from Boeing corporation, which, we were told, is going to be GREAT for AMERICAN jobs.
“In total, the White House said the deals were worth more than 45 billion dollars in exports, including about 19 billion dollars for the Boeing purchase, and would support about 235,000 jobs in the United States.”
“Obama also said the agreements were ‘great news for America’s workers’…”
Great news for America’s workers???: :
China’s approval of airline contracts for 200 orders covers aircraft to be delivered over a three-year period, 2011-2013. The approval helps Boeing maintain and expand its market share in the world’s fastest growing commercial aircraft market. Comprised of 737s and 777s, the agreement positively impacts more than 100,000 jobs including those at Boeing and with its thousands of suppliers throughout the U.S.
“We value China’s support for our products and its confidence in Boeing,” said Jim Albaugh, president and CEO, Boeing Commercial Airplanes. “With the outstanding support provided by the United States Government, this deal is a win-win for the Boeing-China partnership, which is approaching its 40th anniversary.”
Today, Boeing jets are a mainstay in China’s air travel and cargo system, representing more than 50 percent of all commercial jetliners operating in China. Over the next 20 years, Boeing projects that China will need 4,330 new airplanes, worth more than $480 billion, and will be Boeing’s largest commercial airplane customer.
4,330 NEW AIRPLANES for China? It’s previous biggest order ever was 150 planes. If indeed China is going THAT BIG into aviation, is it all for peaceful purposes? If China insists the planes be made in China by Chinese workers, will Boeing have the balls to tell them “no?”: How sad for the world that the biggest customer for AMERICAN aviation technology is a communist dictatorship.
How’s that hope and change workin’ for ya?
1) Our own government chides those of us who pay taxes for being greedy because we don’t want to give the politicians even more of our money to do things...Read More
Reuters has a very interesting article detailing the fall of the United Auto Workers (UAW) in the modern era. It
A new Twitter-based fundraising tool debuts today and the new service already has the two biggest names in the Politics
California schools really do hate America. In California apparently you are a bad little boy if you wear to school