Yesterday, the New York Times said that Lockheed-Martin expects to buy more than 10 billion dollars worth of parts from Canadian Companies. Remember there is more than 3000 of these being made, and all will require maintenance for all the 40 year expected life time.
To me its a no brainer. This deal is freaking awesome for Canada.
When you want to buy a Chevrolet you can pick one up from any dealer. But if you want a Lamborghini, you place an order from the factory, and THEY tell you the price.
riddler101 said: "..with $9 billion - you could make your own jobs, just think of the infrastructure you could build in the north..
ReplyDeleteremember with infrastructure, you live there you own it..
you don't live there.. you don't..
$9 billion could be spent alot better ways..
besides without the US help, you're dead in the water..
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Yesterday, the New York Times said that Lockheed-Martin expects to buy more than 10 billion dollars worth of parts from Canadian Companies. Remember there is more than 3000 of these being made, and all will require maintenance for all the 40 year expected life time.
To me its a no brainer. This deal is freaking awesome for Canada.
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We pay 9 billion and get 10 back.
The 10 we get back goes into over 100 Canadian manufacturers, who employ 1000s of well paying jobs.
Who pay 1/2 that back in federal taxes of various kinds, so now the 10 billion becomes 15 billion, after a modest accounting of ripple-effect. Even allowing that 90% of those jobs fall to Ontario and Quebec this westerner still thinks it is a great deal.
If we think we will need to spend 7 billion to maintain those planes over the next 40 years, at least 50% of that is by Canadian labourers and technicians--well paying positions that again will pay 50% in federal taxes. So we are now at 18.5 billion as the tax revenue that comes into federal coffers from a 9 billion dollar deal.