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Thanks, Globalization!

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Let’s hear it for openness! Hurray for Globalism! The EADS’ air tanker contract win on Friday ensures that our USAF will soon be flying French Airbus. That’s a $35-100 Billion deal and a loss of ~9000 American jobs for Boeing. (Don’t try to say the EADS front, Northrup Grumman will get equal American jobs). What are we thinking? Why not Aeroflot? Or better yet - the Chinese — we might have gotten Boeing planes made with cheap Chinese labor and helped reduce their unemployment!

George of CO 2:17PM March 03, 2008

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U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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