This just in from the land of the “backyard blast furnace…”
That’s what all the propaganda used to say about China’s industrial capabilities. Couldn’t build a MiG-15 worth squat. Steel was even worse than what the “Japs” made. Then, after Ed Deming exited stage right Moto closed down their big fabs in Illinois, Arizona and New Mexico saying productivity couldn’t keep up with their “China line.”  Now, the nation some say is the planet’s most powerful economy goes gonzo when the food and drug boss gets caught with his hand in the fortune cookie jar letting the pharma bigs pass off killer product… not quite what happened to Tommy Thomson after he bamboozled the American people about the president’s prescription drug plan.
Posted: May 29th, 2007 under Ain't That America, Economics, Oversight, The Big World Out There, Webb.
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Time: September 20, 2007, 7:40 pm
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