Once Again, Bush Sells Out the Middle Class

The U.S. economy is in the worst shape it's been since the Depression: Home foreclosures are skyrocketing, family-supporting jobs harder to get and gas prices are the worst ever. The public has become increasingly pessimistic about the economy, with a majority now telling the Gallup Poll they are worse off financially than a year ago—the first time in the polling organization's 32-year history more than half of Americans give this sour assessment.

So when an opportunity comes along to award a $35 billion contract to a U.S. firm, one that would support at least 44,000 middle-income jobs, which in turn would expand purchasing power throughout communities in more than 40 states, the Bush administration leaps at the chance, right?

Not so. The U.S. Department of Defense in March rejected a proposal by the Boeing Co. to build a new U.S. fleet of refueling tankers, giving the contract instead to EADS, which makes the Airbus, and its minority partner, Northrop Grumman.

Well, that must mean U.S. taxpayers will get a better deal with the foreign contract?

In fact, just the opposite will happen. A new report compiled by the International Federation of Professional and Technical Employees (IFPTE) highlights the corrupt bid-awarding process involved that not only shuts the door on job creation, but slams taxpayers with massive bills and creates a potentially less safe, less green jet fleet. IFPTE, which represents 85,000 white-collar engineers and technical employees across the nation, found the Boeing model could save taxpayers $90 billion over the program's lifetime.

Here are a few of the report's findings:

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