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rickc
Forum Super Elite
Posts: 2943
Posted: Mon Oct 16, 2017 7:01 pm
herbie herbie: Bombardier to partner with Airbus on CSeries programHah hah! Build them in Alabama. Explain to voters the duty is so they can stay in the goddam coal mines where they belong instead of getting aerospace jobs? What voters are you talking about?
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Posts: 11679
Posted: Mon Oct 16, 2017 7:37 pm
Alabama voters, who'd get the jobs in their Airbus factory
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rickc
Forum Super Elite
Posts: 2943
Posted: Mon Oct 16, 2017 11:35 pm
So let me see if I am reading the article correctly. Bombardier CSeries was on the ropes. No one was buying. Bombardier went hat in hand (like they have done numerous times before) looking for a bailout. The Canadian federal government and the government of Quebec broke out the checkbook (like they have done numerous times before) to save those "Canadian " jobs. Even before Boeing brought the hammer down, Bombardier was in talks with Airbus to sell out. Airbus CEO Tom Enders said the talks started in August and had nothing to do with what competitors are now doing. So in other words Bombardier was looking to take the money and run long before Boeing became the big bad bully on the block. What a shocker!!! Airbus has not sold an A320 in three years. They did not spend one red cent in research and development of the CSeries. They now have a proven aircraft that has waiting purchase orders for 75 aircraft. They acquire a majority stake in the CSeries with NO money out of pocket, and they accept ZERO debt. Wow what a sweetheart deal!!! Are you sure Peter Minuit is not the CEO of Airbus? I have not heard of such a sweet deal since the Dutch bought Manhattan island for $24. Since Airbus did not take on any debt who is left holding the bag? You already know who, right? The same people who keep writing those endless checks to save those "Canadian" jobs. That would be YOU, the Canadian taxpayer. But hey Bombardier promises to keep their headquarters in Quebec. We wouldn't want all those fat cats at the top to lose their corner offices, would we? There is nothing like looking looking down at the little people laughing while their golden parachutes get sewn through stock options and bonuses for selling out their "Canadian" company.
Fat cats at Bombardier headquarters win big! Airbus wins big! American workers at the Airbus plant in Alabama win big! The only people taking it up the ass in this deal are the Canadian tax payers, and the Canadian workers who should have been working in high paying jobs manufacturing the CSeries in Canada. The CEO of Airbus freely admits that Bombardier was actively looking to sell out long before Boeing even entered the scene. And yet there will still be people blaming Boeing for this. Fool me once shame on you, fool me twice shame on me. I can't think of any cute sayings where someone has been fooled hundreds of times like Bombardier keeps fooling the Canadian tax payer. I guess I should say thank you. Not only will the Alabama plant grow from 400 jobs to 1000 jobs, but I am sure that President Trump with his MAGA policies will insist on American suppliers providing more if not all of the parts for the assembly plant to offset jobs lost at the Boeing plants. Lots of WIN WIN here!!! Too bad the Canadian tax payers and Canadian workers are not included.
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Posts: 33691
Posted: Mon Oct 16, 2017 11:47 pm
rickc rickc: So let me see if I am reading the article correctly. Yeah, you pretty much got it right. Bombardier, really has no shame at all. Sunnyways Sunnyways: Bombardier may close over this. Fine, but our govt. should never buy one more thing from Boeing. Even better, we just gave it to the Europeans, debt free.
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Posts: 51908
Posted: Tue Oct 17, 2017 6:41 am
martin14 martin14: rickc rickc: So let me see if I am reading the article correctly. Yeah, you pretty much got it right. Bombardier, really has no shame at all. No, rick is assuming that the money the government gave to Bombardier was a gift. It wasn't, it was for a partnership stake in the C-Series profit. Now that Airbus is also a partner, the profits will be greater to the stakeholders, and the billions in investment will mean greater returns than the original capital. As for Boeing, as they say in the old country, "Rrrrrrrright up yer kilt!"
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Posted: Tue Oct 17, 2017 7:27 am
Hey, I'm pro-subsidy in general because I think the offshoots (employment, tax revenue) generally justify government partnership in business. This being Bombardier, and Canada too, though means all this could blow up in our faces with the taxpayer on the hook for more bailouts as easily as it could be jobs made or revenues increased. Just the way things are too often done in this country unfortunately.
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Posts: 51908
Posted: Tue Oct 17, 2017 9:07 am
Rrrrrrrright up yer Kilt! $1: Opinion: Airbus sends a thank you card to Donald Trump and Boeing
There’s chutzpah and then there’s the deal that Airbus SE just struck with Bombardier Inc. By acquiring a 50 percent stake in Bombardier’s struggling CSeries commercial jet program — for free — Airbus has handed Boeing Co., its U.S. nemesis, a whopping black eye.
Fearing the CSeries could let Bombardier become “another Airbus”, Boeing successfully persuaded the Trump administration to slap massive duties on the aircraft, even though it doesn’t really offer a similar product. But if Boeing thought Bombardier was going to fall on its sword, boy was it wrong.
Airbus can now bring to bear the full weight of its international sales, supply chain and maintenance capabilities to the CSeries. And by adding a final assembly for the aircraft in Alabama, Airbus might make the Americans think twice about those punitive tariffs (jobs for U.S. workers!).
http://montrealgazette.com/business/loc ... picks=true
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shockedcanadian
CKA Elite
Posts: 3164
Posted: Tue Oct 17, 2017 10:02 am
Of course Airbus sends a thank you note. They should also send one to the Canada. This is both on the Harper and Trudeau governments no way around this fact. One day we will have a government with the courage and sense to take on the exploiters within the government, until then, we will continue to slide.
Globalization at it's finest really. Now Canadian taxpayers aren't just funding failed Canadian companies and a bloated and oppressive security apparatus, but now they have the privilege of funding a European business and sending Canadian jobs to Alabama.
Canada, Good Little Germans right to the end. A pat on the head and a quart of milk for your servitude.
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Posts: 11679
Posted: Tue Oct 17, 2017 10:03 am
"This looks like a questionable deal between two heavily state-subsidised competitors to skirt the recent findings of the U.S. government," a Boeing spokesman said.
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Posts: 51908
Posted: Tue Oct 17, 2017 10:06 am
herbie herbie: "This looks like a questionable deal between two heavily state-subsidised competitors to skirt the recent findings of the U.S. government," a Boeing spokesman said. Right out of the Trump "speaking to your base" handbook. Irony is lost on Boeing, it being the most heavily state subsidized of all.
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shockedcanadian
CKA Elite
Posts: 3164
Posted: Tue Oct 17, 2017 10:15 am
DrCaleb DrCaleb: herbie herbie: "This looks like a questionable deal between two heavily state-subsidised competitors to skirt the recent findings of the U.S. government," a Boeing spokesman said. Right out of the Trump "speaking to your base" handbook. Irony is lost on Boeing, it being the most heavily state subsidized of all. Umm, no. This will skirt duties, it won't skirt claims of "dumping" violations. I assume America is not weak anymore and Boeing will pursue this as it should and Airbus will be left with a lemon. The usual arrogance led by the usual arrogants. Hey, I tried for a decade to educate the Canadian government. I paid a steep price for this. As I've said before, appears I am not alone...
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Posted: Tue Oct 17, 2017 10:17 am
You are alone, all by yourself in the corner of your very own room lined with padded walls and floor.
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shockedcanadian
CKA Elite
Posts: 3164
Posted: Tue Oct 17, 2017 10:36 am
Thanos Thanos: You are alone, all by yourself in the corner of your very own room lined with padded walls and floor. Aye, and I maintain my integrity and character. You can save all your pennies, but you can't buy certain qualities. Canada is already projected to fall two spots in global economic rankings, this was before NAFTA was re-opened. How do you think this will end for Canada over the next decade or two?
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Posts: 51908
Posted: Tue Oct 17, 2017 10:43 am
shockedcanadian shockedcanadian: DrCaleb DrCaleb: herbie herbie: "This looks like a questionable deal between two heavily state-subsidised competitors to skirt the recent findings of the U.S. government," a Boeing spokesman said. Right out of the Trump "speaking to your base" handbook. Irony is lost on Boeing, it being the most heavily state subsidized of all. Umm, no. This will skirt duties, it won't skirt claims of "dumping" violations. 'Dumping' is selling a product below market value to dry up your competitors. Boeing doesn't make a jet that compares with the C-series. 'Dumping' does not apply. That court decision is exactly why Canada does not want the disputes panels of NAFTA removed, because US courts obviously aren't fact based and rely on 'guilty until proven innocent' decisions. shockedcanadian shockedcanadian: Hey, I tried for a decade to educate the Canadian government. I paid a steep price for this. As I've said before, appears I am not alone... Only in your own mind.
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