Lost another one to the Chinese.

Now that is interesting. I wonder what airframe companies they will go after next? :dunno:
 
Tom-D said:
Must I expect any thing to tell you that Glassair has been bought by the chinese?
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My statement wasn't directed at you, it was just rhetorical.

We consume more than we produce, our high standard of living is based on debt, which never lasts forever. We should all expect a declining standard of living in the future and more foreign ownership of assets.
 
vintage cessna said:
My statement wasn't directed at you, it was just rhetorical.

We consume more than we produce, our high standard of living is based on debt, which never lasts forever. We should all expect a declining standard of living in the future and more foreign ownership of assets.
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I think this is true. Look at the value of our currency, the value of our homes, etc. To avoid a further decline in standard of living we have to start producing more in the U.S. How to do it? Well that's SZ material so I won't go there.

I do wonder how many sub assemblies Boeing has made in China.
 
Well I might go there...a little.

Having just sold my small business/medical practice 3 weeks ago....not to the Chinese, the reasons are numerous why the shift is occurring.

The demands and mandatory insurance (not malpractice either), compliance wit government regs, corporate taxes, mandatory obligations which increase yearly. Our litigious society has placed incredible costs both direct and indirect due product liability on manufacturers. Employers pay work comp claims for things that occur but in no way were their fault.

I'm a very positive person, but I'm not afraid to say I'm scared where things are heading. The generation below me have no fiscal sense or responsibility and have not a clue what the foreign ownership of America will create. When you have no understanding what debt it, then you really don't know what could happen when they ask for payment on all the loans foreign countries carry for us.

Just my 2 cents for starters....have a great day!
 
Will you be sick when you can buy one at Sam's club for $70k with an SMA/Continental Diesel?
 
Now the Chinese can be like us and lose money in aviation.
 
Geico266 said:
:rofl::rofl::rofl:

This reminds me of when the Japanese bought up everything in site in the 80's ..... then lost it all when their economy collapsed. We bought it back on sale. :D
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Whole different economic model. There we were selling at hyperinflated prices, now we are selling at firesale prices. Similar but extremely different.
 
Henning said:
Whole different economic model. There we were selling at hyperinflated prices, now we are selling at firesale prices. Similar but extremely different.
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Totally agree. The Chinese did an excellent job of collapsing our economy and flooding our markets with cheap goods as our politicians stood their with their hands out, ala, Clinton.
 
Henning said:
Will you be sick when you can buy one at Sam's club for $70k with an SMA/Continental Diesel?
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Probably...I'm not a bg fan of Sams either, I don't know why people need 6 month supply of cheese balls...ever. I prefer doing business with the locals even if it costs me a few more dollars.
 
Geico266 said:
Totally agree. The Chinese did an excellent job of collapsing our economy and flooding our markets with cheap goods as our politicians stood their with their hands out, ala, Clinton.
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The Chinese did not do that, our leaders on Wall Street did that. Nixon was the one that managed to open it up.
 
Henning said:
The Chinese did not do that, our leaders on Wall Street did that. Nixon was the one that managed to open it up.
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Then Clinton gave them favored nation status.
Then they flooded our markets with cheap stuff, our manufacturers tried to compete by out sourcing to a cheaper labor market, causing our unemployment problems and the loss of our tax base.
 
Everskyward said:
Let's keep this out of the Spin Zone.
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The thread title makes that pretty unlikely, since it states an assumption that for Chinese to buy a U.S. business represents a "loss."
 
It will be interesting to see if the Chinese can be successful in the airplane market since many US companies have been unable to do so. I can see why China is interested in bigger airplanes which can be reliably used for transportation since China is a physically big country, but something like a Glasair doesn't fit into that category.
 
When you read the article you will see that the buyer is not moving the company.

My hunch is, they will use it as a training facility for their supervisors, because they are heavy into composite construction as Boeings major parts supplier simply because Boeing could not comply with the EPA regulations on shore.
 
Tom-D said:
When you read the article you will see that the buyer is not moving the company.

My hunch is, they will use it as a training facility for their supervisors, because they are heavy into composite construction as Boeings major parts supplier simply because Boeing could not comply with the EPA regulations on shore.
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That's a (big) stretch, comparing building a Glasair to building a Boeing. I think they're just being overly-optimistic and naive just like many US investors have been beforehand, but I guess time will tell. I have a track record of being overly-skeptical about aviation companies.
 
Tom-D said:
Then Clinton gave them favored nation status.
Then they flooded our markets with cheap stuff, our manufacturers tried to compete by out sourcing to a cheaper labor market, causing our unemployment problems and the loss of our tax base.
Click to expand...


You bet, in the midst's of human rights violations. This is still the same script Eisenhower told us of on his way out it was coming and GHW Bush reminded us of on the way in that they had succeeded. It doesn't matter who wins the election, that's just sub plot and distraction. The Kennedy Nixon election showed them exactly how powerful a medium that TV was.

The object was to keep the Ponzi scheme of consumerism expanding by making 2 billion Chinese into a consumer economy as strong as the 1 billion in the West, so Wall Street took industry to China along with our economy, same for India.
 
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wabower said:
How is that possible? Which huge success did you poo-poo as being a loser?
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:rofl: :rofl: :rofl:

Actually it was Adam. Someone I know was involved and showed me their plans as they were just getting started. They actually got further than I thought they would.
 
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