Posted on 06/29/2005 10:57:29 AM PDT by spycatcher
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August 1, 2003
BAYH, VISCLOSKY CONTINUE TO FIGHT MAGNEQUENCH MOVE
Closure will cut 225 Northwest Indiana jobs, transfer sensitive defense technology to People’s Republic of China
Washington, D.C. – Senator Evan Bayh (D-Indiana) and Congressman Pete Visclosky (D-Indiana) are still working against the closure of the Magnequench factory in Valparaiso and its transfer to the People’s Republic of China.
snip
According to the Department of Defense, eighty percent of the rare-earth magnets used in production of “smart bombs” come from the Valparaiso facility.
Hasn't left the US still...
Quote: Those who favored the sale pointed to the ancillary deal the PRC dangled in front of McDonnell Douglas to purchase more than $1 billion worth of aircraft.
Pure unadultrated greed.
BTW: have not read a single "die union die" "union thugs" comment yet on this thread.
And still 2 years later Magnequench has gotten not one order from the defense industry for JDAM packages. The Japanese, US and Brits are the only ones who can supply the necessary magnets for the DOD now.
I'd be more angry with environmentalists who won't allow the mining necassary in the US for the extraction of rare earth magnets...
The entire factory was disassembled and shipped to mainland China after the Chicoms bought it.
Don't have any URL's for it, but I am involved in the industry. California indeed has the resources, but prevented from mining due to regulations. To be fair its not a pretty mining process, but the Chinese have the same resources and are more than happy to stockpile. I'd be more concerned about the fact that China is sitting on most rare earth elements necessary for today's motors.
So are things better after losing your mind?
Rhetoric is all I ever hear out of you Deadenders and NO I don't fall for it.
China, IMHO, is developing into the greatest threat to peace and liberty the world has ever known...including Nazi Germany and Japan of the 1930-1940's...and we are funding their growth, development and rise to power.
TODAYS FREE TRADE IS NOT ABOUT THE FREE MARKET
THE RAPID GROWTH AND MODERNIZATION OF THE PLAN
Myself and others (including yourself) have been warning of this on FR for the six or more years, since things took a nose dive in this regard under Clinton, although it did not start with him. Bill Gertz at the Washington Times has been doing the same. At this point, there are finally those in the administration and within our planning community in the military who are starting to listed.
More critical transfers that must not, IMHO, be allowed to got to the Red Chinese.
We send them critical defense manufacturers now?
How long before we acknowledge that China has become our master - and America is their slave?
"We send them critical defense manufacturers now?"
According to this article...no.
Here's what I can deduce from the content of the article:
1. A company named Magnequench sold off equipment from its factory in Valparaiso, Indiana about 2.25 years ago.
2. Magnequench had a contract to make certain components of the Joint Direct Attack Munition.
What I am unable to find is any smoking gun saying that the Valparaiso plant actually made JDAM components.
There's a lot of heated rhetoric in this article; there are precious few facts, and those facts do not seem to be related to each other. It is, to quote Shakespeare, "much sound and fury, signifying nothing."
I'm always suspicious about the reasons behind posting articles over three years old......
See post 23. The info is dated, but there was and is clear concern that harmful tech transfers were possible.
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