Caterpillar writes off most of China deal after fraud

Comments (6)
Prairiefire wrote:

It sure in nice that Cat sent a half a billion dollars to ship American jobs overseas and not do due diligent on the purchase…

Jan 18, 2013 6:31pm EST  --  Report as abuse
rconaway wrote:

Gee, a Chinese company that is manned by a bunch of thieves and liars? They are just following their governments mandate to steal everything that isn’t nailed down in the U.S. Why we even allow this as a country is beyond me. Ban all imports from China and bring manufacturing home.

Jan 18, 2013 7:01pm EST  --  Report as abuse
pbgd wrote:

Looks like the CAT got diddled by Blackstone.

Jan 18, 2013 7:19pm EST  --  Report as abuse
Bagehot wrote:

@rconaway
Nice thought, but it’s too far gone now. They are America’s net creditor, with the word trillion thrown in. Plus the gadget you tapped your diatribe on would double in price, then double again every few weeks until Congress buckled, which isn’t long these days. Finally, every trade agreement the U.S. is in the middle of negotiating would vanish. Hard to believe, but this place does still export.

Jan 18, 2013 7:39pm EST  --  Report as abuse
TomPiper wrote:

Bagehot – I think your comments are a little over the top as to who needs who in the U.S./China scenario.

I wouldn’t be surprised to see China go down the tubes, literally, in a relatively short period of time.

As to gadgets going up in price there’s no high tech or low tech electronic device or component that can’t be produced in the U.S. at or below what it’s produced in other parts of the world despite what you may have heard from various technology executives.

Jan 18, 2013 9:35pm EST  --  Report as abuse
Bagehot wrote:

@TomPiper
AS the Boeing’s passage to India is demonstrating, you are completely right on supply and subcontracting. It’s a question of control. None of this has to happen, but elites here, in the PRC and elsewhere, benefit. Their rationale matters, not the market’s or the popular will. Why are there any foreign made assemblies in the USS Gerald R Ford or the F 35? Because somebody made a decision and didn’t ask you. Or me. Nuclear reactors, prosthetics, avionics: all packed with foreign made electronics, wireless assemblies, made elsewhere and programmed by who asked you?
Over the top? I may never come down….

Jan 19, 2013 10:28am EST  --  Report as abuse
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