I’ve been chucking at the “Support Boeing, Airbus is state subsidized” fanatics for years. Boeing has been sucking at the corporate welfare teet for decades.
...and their suits stuffed their offshore banking accounts with further tens/hundreds of millions.
And take it from someone who suffered in the management trenches, when ObamaCare was being passed, this level of bribery was child’s play compared to what BigPharma handed out to both sides of the Congressional aisle.
I tell ya’s: suits will rape their own grandmothers for bonuses.
Boeing makes better planes than Airbus, anyhow.
Only American companies should be allowed to bid for military contracts in any event.
Responding after a WTO dispute settlement panel released its confidential final ruling to the US and EU governments, Boeing said the report marked a victory in its seven-year battle with Europe's Airbus over subsidies.
More at http://www.breitbart.com/article.php?id=CNG.63915f25e77f1eaeb3bcab7050055096.2e1&show_article=1
Author:Loren B. Thompson, Ph.D.
Date:Monday, January 31, 2011
World Trade Organization today released a final ruling on commercial transport subsidies received by Boeing. The ruling will remain confidential until translated into variety of languages, so only the parties to the case brought by European governments have seen it. However, the ruling probably confirms a preliminary finding last year that Boeing received only a few billion dollars in improper subsidies over a period of several decades -- a small fraction of the amount European countries had alleged. That finding is in marked contrast to another WTO ruling last year finding that Airbus has received at least $20 billion in illegal or actionable subsidies. Another contrast is that Boeing has substantially ceased receiving prohibited subsidies, while Airbus continues to actively pursue them. I have posted an analysis at Forbes.com today exploring the potential impact of WTO rulings on the Air Force's current tanker competition. It is not a pretty picture. You can find the Forbes analysis here.
Loren B. Thompson, Ph.D.
Once again,Europe makes money in the only way they can...by suing successful US companies.Boeing...Microsoft...Apple...you name it,they sue them.
“If it ain’t Boeing I ain’t going.”
Is this real subsidies, or them calling military contracts subsidies?
Alternate Headline: Euroweenie Liberal Fascists Attack Capitalist US Companies at WTO.
( The script guys, get with the script, it goes something like this!)
We do not want their cheese, their French Fries or their Muslims.Eff EM.THeir wimmen, well some are OK....Meh!( Olbermann/MSM)
Give us new allies in the World Wide Caliphate Nations!!!!( Says Obama, leaving no crisis unexploited.
Holder remains to be scene.( TODAY I HAVE INDICTED THE BOARD OF DIRECTORS OF BOEING, ALL BONDS AND PREFERRED SHARES ARE CONFISCATED AND HEREBY REISSUED TO THE UNION, pursuant to the executive order of the pResident of the United Fakes.)
Obama( a little later): I am pleased to announce the opening of our new Boeing Factory in Shanghai, People’s Repubic of China).
Presser: Former Mayor Daley: Boeing Announces Affirmative Action Hiring Policies after Obama West Coast Summit)
And in the middle of it all, GE can do NO wrong.( GE proundly comtinues to manufacture subsidized engines for the entire aeroindustry).
Its the fascist pattern folks, just read some 1930s Eurohistory.