Demonize an industry, load it with government regulations, burden it with union rules, and sooner or later, they move their business out of the USA:
The main draw is price. Executives say its cost of labor offers savings of 25% to 30% over the U.S. and at least 30% over Japan. Proximity to North American companies means shipments can arrive in days, not weeks, and executives can coordinate plans during working hours. Carlos Bello, head of the aerospace industry group, says the idea is to begin with parts and basic manufacturing before expanding into more advanced areas like assembly and design.
And what companies are there?
It is the latest project of Mexico’s budding aerospace industry, a sector that has averaged 20% growth the past five years while attracting the likes of engine-maker General Electric Co., Textron Inc.’s Cessna Aircraft Co. and an array of suppliers tapped by giants Boeing Co. and Airbus, a unit of European Aeronautic Defence & Space Co.
The same GE that got a $182.5 billion bailout from the Obama administration?