snip
And the doomsayers were saying this about Japan when a Japanese
businessman bought pebble beach in the 80's. He
subsequently sold it back to an American consoritium for a
significant loss.
snip
One problem with this approach/attitude is that it ignores the
human costs. This is actually 1,600 well paying manufacturing
jobs affecting 1,500 or more families, and 14.8 million dollars
in local tax revenues.

Second problem is that this gives the Chinese an opening wedge
into the U.S. major appliance market with an existing brand and
dealer network, directly threatening #1 Whirlpool with all the
jobs and local taxes revenue they represent.

Third problem will not be come apparent for a few years when
anguished messages are posted to these news groups lamenting that
blanking and forming die tool makers and press set-up men are
unavailable.

If this were an event that affected only a few players, I would
be selling tickets. Unfortunately, this almost entirely affects
only the average person with roots in their community and many
years invested in learning a trade.

See these URLs for additional/background info

http://www.jobsillinois.us/news/cont...w.asp?c=123669

http://www.iasb.com/files/nb0604.htm

http://www.cfoss.com/maytag.html