China's 'new' jet orders anything but

Seattle Times ^ | January 20, 2011 | Dominic Gates

[george76]

The claim:

A White House fact sheet released Wednesday to coincide with the state visit of Chinese President Hu Jintao said: "In preparation for this visit, several large purchases have been approved including for 200 Boeing airplanes. ... The approval, the final step in a $19 billion package of aircraft, will help Boeing maintain and expand its market share in the world's fastest growing commercial aircraft market."

What we found:

The deal President Hu signed does not include any new jet orders.

Delivering the formal approval during Hu's visit is designed to make the Chinese government appear responsive to U.S. concerns about the balance of trade.

However, all of the airplanes in the sale were announced and booked by Boeing as firm orders over the past four years. Chinese airlines had already paid nonrefundable deposits and signed contracts for the jets, most of them as far back as 2007.

The White House announcement said the total value of the orders was $19 billion.

But that's the list price, which airline customers never pay.

Based on market data from aircraft-valuation consultancy Avitas, the actual price for those 200 planes is about $11 billion.

[llevrok]

Gee. Do you think the White House misspoke?

[FromLori]

One Day After Securing A Huge Deal With China, Boeing Lays Off 1000 American Workers

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

Special Report: A wing and a prayer: outsourcing at Boeing

http://www.reuters.com/article/idUSTRE70J2UX20110120

[TLI]

So, just like the G20 little bammy is trying to pat himself on the back for what was done when George was President?

Oh, I am shocked and speechless.

.

[RinaseaofDs]

Amazing, this coming from the Seattle Times. It’s the Party Organ around here. (Communist Party Organ).

[george76]

Bush’s fault ?

[george76]

Are pigs flying over the Seattle Times ?

[Truth29]

"Amazing, this coming from the Seattle Times. It?s the Party Organ around here. (Communist Party Organ)."

It's double entendre time. I must admit I was thinking of other organs that might be symbolic of the Democrat party.

[jazusamo]

Zer0 and the thugs he’s surrounded himself with are habitual liars. We can’t believe a word from them and I believe they even lie when they don’t have to.

[AngelesCrestHighway]

Obama lied?.....Who knew?

[george76]

Another congenital liar ?

[RinaseaofDs]

LOL, that’s why I clarified it.

Of course, considering their recent circulation numbers, you’d have to conclude that the Seattle Times is a rather small organ indeed.

[timestax]

President Obobo prolly gave China the $11 Billion , in (aid) to purchase the jets. In other words, we (USA) bought them for them Chinese.

[timestax]

President Obobo prolly gave China the $11 Billion , in (aid) to purchase the jets. In other words, we (USA) bought them for them Chinese.

[NormsRevenge]

never pass up a good photo op , even if you have to lie thru the teeth.

Mr. Obama. You Lie!

[Always Independent]

They’re just standing up for those boeing union workers that got laid off. sarc

[alancarp]

“Unexpected?”

[The Comedian]

"Saved or created aircraft sales"...

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[NavyCanDo]

“all of the airplanes in the sale were announced and booked by Boeing as firm orders over the past four years.”

That would explain why it barely even made the Boeing internal news. I was expecting to come into work that next morning and see huge headline banners. They just has a small headline about completing the final details of the sales deal that already was on Boeing's books.

[Taxman]

Joe Wilson was right — OBAMA LIES!