Even with all of that corporate welfare?
bflr
Let the Aerospace industry run on its own money.Not the taxpayers money.Let them take the risk and get the reward for producing aircraft that are wanted around the world.
The Export-Import Bank should be killed and it should stay that way.
Repatriate and then we’ll talk about Ex-Im. Don’t care if repatriation applies to you or not.
Obama desires this because it hurts Americans, the economy, and our power base. Plus he gets to throw it at his enemies as their fault. Wins all across the socialist board.
Try going to a real bank and make application for a loan with arrangements to pay them back like the rest of us and other businesses have to do.
“Critics of Ex-Im cannot be more mistaken in their claims that Ex-Im’s financing is “corporate welfare;” in the aerospace industry, the thousands of companies that are an integral and integrated part of the supply chain for aircraft as well as the space industrial base are at risk. For these suppliers, there will be the initial loss as U.S. aircraft and satellite manufacturers begin to slow down their production. There will be an even greater impact going forward for aircraft suppliers as they lose the aftermarket maintenance, repair, and overhaul revenue that lasts as long as exported aircraft are in service.”
None of what follows supports his opening statement that its not corporate welfare. All points worth discussing, but it is indeed corporate welfare.
Not positive, but I think Boeing got into the Ex-Im because all the overseas competition was State subsidized, and they could not compete without some sort of hand out. The real problem for Boeing is its heavily unionized work force.
Without the Ex-Im, Boeing could well fold, leaving the US without a viable commercial plane builder. Its space and mil business cannot sustain it long.
Getting a loan and then repaying the loan is NOT “welfare.” It is financing.
W have 94,000,000 people in this country, and probably about 30,000,000 illegal invaders, with close to 80% of those on every form of government welfare.
Has Goldman Sachs, Bank of America, Citibank, Wells Fargo, and JP Morgan stopped making corporate loans? Has Boeing been unable to float bond and stock issues?
The definition of crony capitalism. Boeing should have spent more on buying politicians. Now they have to use their own money and figure out how to run a business without the welfare. If they can’t compete it doesn’t say much for their top management and/or the trade deals negotiated by the idiots in Washington.