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Boeing Warns Of Job Relocations If US Ex-Im Bank Goes
Boeing may have to relocate US-based engineering and manufacturing jobs overseas if Congress eliminates funding for the US Export-Import Bank, chief executive Jim McNerney said. "Most of my engineering and manufacturing jobs are in the United States and I'd like to keep it that way. But without Ex-Im financing, you'd have to start asking the question" about where they should be, McNerney said at a conference sponsored by the US export credit agency. (news.airwise.com) Más...Sort type: [Top] [Newest]
It's amusing to see how this issue has pitched the tea party/libertarian Republicans against the loyal-to-big-business-no-matter-what Republicans. Is Ex-Im corporate welfare? Or is it necessary for a reality that's more complex than a dumbed-down idealization of free markets as the one-and-only solution for every problem in the world, even if the world doesn't really work that way? Sad to say, I fear this will follow the historical trend, that in the future we will remember that Americans used to make fine airplanes, but eventually that work will all be done overseas.
The EX-IM bank only supports political cronys. If Boeing wants to pull that trick, slap them with a 100 billion dollar fine, because they are a DEFENSE CONTRACTOR! And DENY them any more contracts.
Totally agree with your first point. Not sure moving engineering outside the borders is cause for a fine but it doesn't help them with their defense contracts. To the flip side, if they need the taxpayer to prop up the dividends they pay investors, one has to question why. Hardly a case of "survival" but more of an example of lining pockets off the income of the middle class.......
It's called leverage. Boeing moving to Chicago, trying to leverage Seattle-Everett into a bargaining position didn't work. Now they are threatening to take 165k jobs out of the countryt - smoke and mirrors.
It will all be interesting but probably borrowers ought to be restricted to U.S. Companies, which I think was the original intent.
And how it progressed to how it is now, idk.
Free Enterprise is fine, but there are certain things in the infrastructure that government is going to have to get behind or we'll be doing without. All these 3rd world and blown up countries are now up on their own after much help from us getting there and seeking to kick our butt. We must realize this is not your daddy's world.