[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

"Mamdani and the Democratic Schism"

"The 2nd Impeachment: Trump’s Popularity Still Scares Them to Death"

"President Badass"

"Jasmine Crockett's Train Wreck Interview Was a Disaster"

"How Israel Used Spies, Smuggled Drones and AI to Stun and Hobble Iran"

There hasn’T been ... a single updaTe To This siTe --- since I joined.

"This Is Not What Authoritarianism Looks Like"

America Erupts… ICE Raids Takeover The Streets

AC/DC- Riff Raff + Go Down [VH1 Uncut, July 5, 1996]

Why is Peter Schiff calling Bitcoin a ‘giant cult’ and how does this impact market sentiment?

Esso Your Butt Buddy Horseshit jacks off to that shit

"The Addled Activist Mind"

"Don’t Stop with Harvard"

"Does the Biden Cover-Up Have Two Layers?"

"Pete Rose, 'Shoeless' Joe Reinstated by MLB, Eligible for HOF"

"'Major Breakthrough': Here Are the Details on the China Trade Deal"

Freepers Still Love war

Parody ... Jump / Trump --- van Halen jump

"The Democrat Meltdown Continues"

"Yes, We Need Deportations Without Due Process"

"Trump's Tariff Play Smart, Strategic, Working"

"Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts"

"Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands

"Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies"

"Left Using '8647' Symbol for Violence Against Trump, Musk"

KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel

"Trade should work for America, not rule it"

"The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP"

"How Trump caught big-government fans in their own trap"

‘Are You Prepared for Violence?’

Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible"

"Trump signs executive order eliminating the Department of Education!!!"

"If AOC Is the Democratic Future, the Party Is Even Worse Off Than We Think"

"Ending EPA Overreach"

Closest Look Ever at How Pyramids Were Built

Moment the SpaceX crew Meets Stranded ISS Crew

The Exodus Pharaoh EXPLAINED!

Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing!

Are we experiencing a Triumph of Orthodoxy?

Judge Napolitano with Konstantin Malofeev (Moscow, Russia)

"Trump Administration Cancels Most USAID Programs, Folds Others into State Department"

Introducing Manus: The General AI Agent

"Chinese Spies in Our Military? Straight to Jail"

Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly

"Real problem with the Palestinians: Nobody wants them"

ACDC & The Rolling Stones - Rock Me Baby

Magnus Carlsen gives a London System lesson!

"The Democrats Are Suffering Through a Drought of Generational Talent"

7 Tactics Of The Enemy To Weaken Your Faith

Strange And Biblical Events Are Happening


Status: Not Logged In; Sign In

Corrupt Government
See other Corrupt Government Articles

Title: Boeing lives by Big Government, dies by Big Government
Source: The Washington Examiner
URL Source: http://washingtonexaminer.com/polit ... s-big-government#ixzz1KWHufsm9
Published: Apr 25, 2011
Author: Timothy P. Carney
Post Date: 2011-04-25 04:03:27 by Happy Quanzaa
Keywords: Big Government, Boeing, Union Thugocrats
Views: 1758
Comments: 1

Boeing is not free to make its jets at the factory of its choosing, according to the National Labor Relations Board -- it must make them in Washington state, using union labor.

This extraordinary abridgement of economic freedom might suggest an anti-Boeing vendetta from President Obama, except that this administration's Export-Import Bank has subsidized Boeing with nearly $15 billion in loan guarantees in the past two years -- roughly three-quarters of all of Ex-Im's guarantees during that time.

This puts Boeing in an awkward position. The NLRB is surely overreaching in trying to block Boeing from making some of its 787s in South Carolina, a right-to-work state (NLRB calls this illegal retaliation against the machinists and aerospace workers union for its 2005 and 2008 strikes). In its effort to fight back, Boeing could be defanged by its reliance on big government. It's a cautionary tale for Obama's other corporate allies -- from the drug industry that benefits so much from Obamacare to the tech, agrichem, coal, and other industries that have benefitted from the president's corporatism.

Boeing and Obama, both based in Chicago, have a real political friendship. In 2008, Obama was by far the biggest recipient of campaign contributions from Boeing employees and executives, hauling in $197,000 -- five times as much as John McCain, and more than the top eight Republicans combined.

Boeing's lobbyists include some of Obama's closest allies. The Podesta Group, co-founded by Obama's transition director and John Podesta, represents the jet maker, with Democratic fundraiser Tony Podesta and former Obama campaign aide and administration official Oscar Ramirez as two of the lobbyists on the account. Linda Daschle, wife of Obama confidant Tom Daschle, is a longtime Boeing lobbyist.

When Obama began his export initiative, he named Boeing CEO Jim McNerney chairman of the President's Export Council.

And Boeing has pocketed even more taxpayer loot under Obama than it did under George W. Bush. Obama's export initiative has included ramping up subsidies from Ex-Im, and Boeing has reaped the benefits. In fiscal 2009, Ex-Im guaranteed $8.4 billion of loans to benefit Boeing, an astounding 90 percent of all of Ex-Im's loan guarantees. This past fiscal year, according to a recent annual report, Boeing won $6.4 billion in Ex-Im loan guarantees, 63 percent of the total.

In fiscal 2009, 2010 and 2011 so far, Boeing has received more than $45 million in government contracts. Documents made public by Wikileaks showed how much work U.S. diplomats do to persuade foreign leaders to buy Boeing jets for their state-owned airlines.

So now when the Obama administration kneecaps Boeing, bending labor law in order to benefit a labor union that gives more than 95 percent of its money to Democrats, Boeing is vulnerable. Can Boeing believably use free-market arguments to defend its right to build planes in whichever factory it wants?

Will Boeing executives fear the loss of some goodies if they fight too hard? Could McNerney lose his perch in the administration? Could Boeing lose a contract? Maybe its billions in Ex-Im subsidies would dry up.

If you think the Obama administration wouldn't play that sort of hardball, you haven't been paying attention. My Examiner colleague David Freddoso filled his new book, "Gangster Government," with example after example of this administration "us[ing] public office to make winners into losers and losers into winners" and 'bend[ing], break[ing] and mak[ing[ the law to help their friends and punish their enemies."

The Chrysler bailout provides the template. Obama threw out bankruptcy law and divided the company as he pleased. Some of the smaller creditors, who felt robbed by the decision to give most of the company to the Democrat-allied autoworkers union, objected -- and Obama publicly and privately retaliated. But most of the senior creditors didn't say a word. They couldn't, because they were Troubled Asset Relief Program recipients and in no position to stand up to the government.

In Boeing's situation, it's not only Uncle Sam who has leverage purchased with corporate welfare.

Washington state, Illinois and Chicago have given Boeing billions in favors. Do you think these Democratic governors wouldn't squeeze Boeing, too? Does anyone doubt the new mayor of Chicago, Rahm Emanuel, would play politics with Boeing's subsidies in order to help his old boss, Obama? (Of course, the disputed Boeing factory in South Carolina got hundreds of millions in state subsidies, too.)

Forever, business has been seduced by the promise of free money from government, along with regulation to clear out competition. Boeing has been the foremost among businesses partnering with Uncle Sam.

Now, the jet maker might see these government goodies come at a price -- sometimes chains.

Read more at the Washington Examiner: washingtonexaminer.com/po...-government#ixzz1KWIWWIuW

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Happy Quanzaa (#0) (Edited)

Washington voted for Obama. South Carolina didn't.

The level of political corruption emanating from the Obama administration is on par with third world hell holes.

You either grovel in front of fearless leader or you get screwed.

This needs to be taken to the Supreme Court.


"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899

jwpegler  posted on  2011-04-25   13:40:07 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com