Thursday, January 20, 2011

US Trade all Smoke and Mirrors.

http://www.fxnonstop.com/index.php/component/content/article/96552-myart67886

Yesterday it was unbounded excitement over the $54 Billion dollar (smoke and mirrors) trade deal with Communist Red China. Of which 19 Billion was going to Boeing.

"China approved $19 billion contract with Boeing to provide 200 planes for Chinese airlines, which will support an estimated 100,000 jobs over the next three years."

The reality is the 200 jets were sold 3 years ago. There is nothing new in this deal. http://www.heraldnet.com/article/20110119/BIZ/701199792

Today to celebrate the fictitious good news Boeing laid off 1000 more US workers.

http://www.businessinsider.com/boeing-layoffs-orange-county-2011-1

"The company has been consistently cutting jobs in Long Beach. It had 20,000 there in 1990 and now only has 7,000"

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