Bitmap Frogs said:
But whatever profit Boeing's military projects generate is propping up other divisions as well. Heck, the american military is overstocked - the White House and Congress are just throwing candy all over Boeing and other military contractors in exchange for hardware that's gonna rot in warehouses or just used as a toy for military training games. If anything the EU was wiser since they cut the middlemen and just dumped money into Airbus lap without the need to spend additional public budgets into useless hardware. The pork barrel spending such as avionics development programs under NASA budget whos results are then loaned off to boeing are as government subsidy as Airbus' state-backed credit lines. Anyways this is not gonna change much. It's going to be at least 2-5 years before this gets anywhere near any of the companies budget and the WTO still has to decide on the US government propping up Boeing. The fact remains that Airbus makes excellent planes and that the quality of the product is what's hurting Boeing - which by the way can't get their latest plane off the factories yet after several delays. Let's bet, what's gonna happen sooner... this ruling being enforced or the 787 rolling off the manufacturing plant? Heck, not to mention the US has just dumped billions into propping up two car-makers which under the rules of free market should be already extinct. If free market and all that jazz was to be enforced no American car would be on sale in the States besides Fords. |
Sorry, but that's complete bullshit.
Both by the rules of the WTO and by the fact that the US is purchasing something... while the EU is just giving subsidies.
As for weapons being overstocked. All weapons are overstocked....until they're understocked. You never know how many bombs and planes your going to need until you have a reason to use them.
There is no denying that the EU is by far the biggest barrier to free trade.
US protectionism had only ramped up in response to the EU protectionism.
The gap used to be worse... the US is unfortunitly closing... but the EU still is the top of the line when it comes to this.
Also... the EU also bailed out it's auto industries... with opel and such.
Also the bailouts (US ones) were loans... not subsidies.











