Wonder if this is why US Hwy 59 through East Texas is already crowded with L-O-N-G flatbed semis -- each carrying a pair of damaged wind turbine blades to a repair facility somewhere up north...
Posted on 10/31/2009 4:09:20 PM PDT by newbie2008
The liberals thought “big oil” was bad, wait till they see how much “big wind” blows.
Yet more defective Chinese steel that will fly apart and make chop suey out of any hapless Americans in the vicinity.
My God, that’s actually a great idea. Our scum-bag politicians haven’t prepared for that eventuality. Lets catch them off-guard!
Never fear - Chinese companies are buying up US companies (saving more jobs than Obama's stimulus - no doubt):
Weak dollar fuels China's buying spree of US firms
From his posh office in a coastal city in eastern China, millionaire Zhou Jiaru oversees more than 100 workers at an auto parts refurbishing factory he purchased in a struggling manufacturing town on the other side of the world. Zhou's new company is in Spartanburg, S.C.
In 2007, acquisitions in the United States by foreign ventures hit $407 billion, up 93 percent from the previous year, according to Thomson Financial. The top countries investing were Canada, Britain and Germany; the Middle East and Asia -- especially China -- are quickly catching up.
The biggest deals in recent months have involved Wall Street firms hit by losses from exposure to mortgage-related investment vehicles.
Saudi Prince Alwaleed bin Talal is once again coming to Citigroup's rescue. Canada's Toronto-Dominion Bank is buying an $8.5 billion share of Commerce Bancorp. Singapore's state-run Temasek Holdings purchased a stake in Merrill Lynch valued between $4.4 billion and $5 billion. And the sovereign wealth fund that invests the Chinese government's hard currency is injecting $5 billion into Morgan Stanley, while Citic Securities, a private Chinese firm, is investing $1 billion in Bear Stearns.
GE Supply was sold to Rexel and the company name was changed to GEXPRO. They are not a Chinese company. I've done business buying electrical equipment from GEXPRO for a few years.
Rexel was listed on the Paris stock exchange until 2005 as a subsidiary of the PPR group and has since been owned by a private equity consortium led by Clayton Dubillier & Rice, Eurazeo and Merrill Lynch Global Private Equity. Rexel returned to the Paris stock exchange through an IPO in April 2007.
There's going to be a lot of angry Chinese when America goes General Motors on them. They might demand Alaska or war.
Maybe so but all of the steel pats I buy come from China.
Just because their Corporate headquarters are not in China does not mean they are not a Chinese company.
Is a Chevy Avalanche, or a Suburban, or Tahoe produced in Silao Guanauato Mexico a Mexican SUV or American?
Who is employed?
Where are the products made?
Why is US taxpayer money going to employ Chinese?
Answer that.
There’s a lot of CO2 emitted to ship the turbines here, not to mention the CO2 emissions for making the concrete bases for all those turbines, enough concrete and steel to build a nuclear plant that would run circles around the wind turbines for a fraction of the footprint.
Wonder if this is why US Hwy 59 through East Texas is already crowded with L-O-N-G flatbed semis -- each carrying a pair of damaged wind turbine blades to a repair facility somewhere up north...
D’oh!
You can see them stacked up in the yard as you drive by. And a few times, I've gone by trucks with a blade on an extended trailer, going north into Oklahoma.
I hope these guys didn't bid on them because they were already too busy.
Great summary.
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