McDonnell Deal With Taiwan

The oversimplified conclusion of letting the market work and letting the government of Taiwan buy 40% of McDonnell Douglas is typical of the self-serving elitist thinking that is continuing to cause our country’s slide into manufacturing oblivion. In no way do the columnists want the U.S. government to underwrite the $2 billion necessary but they don’t see the danger of a foreign government doing so. Why don’t these great thinkers at the RAND Corp. put their efforts into how the U.S. can put a stop to the continuing erosion of our industrial base with the corresponding decent-paying job loss?

The net loss of American balance of payments (down the road) and American jobs and prestige will be the result if this deal goes through.

ERNIE ALGORRI, Arcadia