Former Boeing CEO (and still a current chairman) Jim McNerney said that if Congress doesn’t resurrect the Ex-Im Bank, the company would move some of it’s factories overseas.
From an article on MyNorthwest.com, “I’m beginning to question the strategy of making and designing everything in the United States,” McNerney said. “I mean, if there is not an Export-Import Bank, we’re actively considering now moving key pieces of our company to other countries. And we never would have considered that before this craziness on Ex-Im.”
So...still think it’s a good idea?
If tax payers have to take on the burden of subsidizing Boeing’s financing, it is crony capitalism. Let them move and find other sucker governments to subsidize them. If Boeing can’t stand on their own 2 feet, may be McDonnell Douglas or some other outfit can take over the slack.
This is exactly why Trump resonates. Boeing tries to shake down the taxpayer by threatening to move. Those threats won’t make economic sense if bringing their goods back into the US are subject to tariffs.