Thursday, March 13, 2008

To Die for NAFTA

"The commonest error in politics," said Lord Salisbury, "is sticking to the carcass of dead policies."

Lord Salisbury's rule comes to mind on reading of John McCain's delight at the $40 billion contract awarded the French-led parent of Airbus—to build the next generation of U.S. Air Force tankers.

The contract could run to $100 billion and is a body blow to Boeing in its duel to the death with Airbus. Two-thirds of all air-to-air refueling tankers are used by the United States. The contract gives a 30-year lease on life to the expiring Airbus A330 and means early death for Boeing's 767, the U.S. model for the tanker.

Congratulating himself for having exposed corruption in the Boeing bid, McCain purred, "I have always insisted that the Air Force buy major weapons through fair and open competition."

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