Sunday, January 23, 2011

Boeing signs deal with China, lays off 1,000 U.S. workers

Remember all that happy talk just last week about how trade with China is so great for the U.S.?

You know, how it's a good thing that GE is sharing sophisticated jet technology with China, just as China is building up its military?

Now we learn that the day after Boeing signed a deal to make 200 airplanes for China, it laid off a thousand workers on the West Coast.

This just gets better and better.