Submitted by Thomas Boyle on October 23, 2012.
Watching pilots pontificate on economics and investment is as fascinating, entertaining, and utterly lacking in educational value as listening to investors pontificate on piloting.
Watching pilots pontificate on economics and investment is as fascinating, entertaining, and utterly lacking in educational value as listening to investors pontificate on piloting.
Ownership and control of Chinese companies is far murkier and more complicated than the blanket statement that the government owns everything.
The man behind the deal, Cheng Shenzong, made his money in the import-export business and hotels before buying Superior Air Parts for about $7 million. The fact is, he doesn't have the $1.79 billion that was offered to buy Hawker Beech, and nobody in the government was going to give it to him.
Here is the real problem we have in our great country, and yes I own a Beechcraft Turboprop, one of the finest aircrafts out there, greed has taken over our country by private equity firms buying up american companies and loading them up with fees and IRR that nobody ever can meet. Nearly every company bought or taken over by our great private equity firms ands up in brankrupcty. We as anation have to have a hard look with whom we do business and sell our companies, to real buyers or "thiefs" called private equity firms, just think when GM sold GMAC to private equity firm Cebrerus, they hosed us good and walked away with a boat load of tax payer money - yes yours and mine! What happend to the great american entrepreneur who was proud to leed!
Keep America to Americans enough of selling us to China and India!
Mitt Romney has done more that virtually any other American to send American jobs to China. Change the damn channel and learn something about the man's career.
It seems to be forgotten that all Chinese corporations are funded by The Peoples Republic of China, which is a still and always has been a dictatorship. Trace all company holdings and they will eventually lead back to a "corporation" in China. There are other reasons the deal did not progress as The Peoples Republic of China can afford to fund anything, and do so. It will be interesting what competition against the new Beechcraft will crop up and by whom.
Regardless of any countries interests, China, or any other country, it is more important then ever for the US to maintain ownership of its companies and employ its people. A few less jobs are better then no jobs at all. If any country enters the US and employs its own people then wage rates can be significantly affected and the jobless stay that way.