Yeah, I suspect that they thought about the declining dollar, but I also suspect that they determination to get the contract led them to look at it from an optimistic viewpoint. They probably have some protection in the contract. They probably have some hedging protection. But most importantly, they are probably counting on their government to bail them out if they misjudged.
> But most importantly, they are probably counting on their government to bail them out if they misjudged.
Have to agree with that 100$.
This is exactly right. Foreign companies are valued by their government and bailed out on a regular business. American companies are crippled by the demand placed upon them by Washington and when they get in trouble, Washington sneers and says we don’t need you anyway.
As John McCain reportedly said in Michigan,’the manufacturing jobs aren’t coming back’. Well deal with this Repubs-if you support unpopular ideas you will lose and those jobs won’t come back either.