Wednesday, December 23, 2009

Whatever GE Wants, GE Gets

and GE wants to build the backup engine for the F-35, whether we need it or not. We've already poured $2 billion and ten years into this project but have yet to produce an engine. Now we're throwing in another $600,000,000 for this year alone.

The Pentagon says we don't need it. Obama says we don't need it. Congressional Research Services says we don't need it. Taxpayers for Common Sense says we don't need it.

But the esteemed federal leaders of Massachusetts, Ohio and Indiana say we need it, otherwise GE would have to cut jobs in those states and in the 21st century capitalism under which we live that is a bad thing, 'that' being cutting jobs at a behemoth like GE. Cutting job's at Max's Manufacturing is, of course, not a bad thing as that is how capitalism is supposed to function.

How can we ever control our spending if we continually violate basic precepts of capitalism when it comes to the big guys?

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