Boeing’s Production Problems Hurting Bottom Line
BUT DON’T EXPECT TO READ ABOUT IT IN A SOUTH CAROLINA NEWSPAPER By FITSNEWS || We’ve sYou must Subscribe or log in to read the rest of this content.
BUT DON’T EXPECT TO READ ABOUT IT IN A SOUTH CAROLINA NEWSPAPER By FITSNEWS || We’ve sYou must Subscribe or log in to read the rest of this content.
10 comments
“We’re glad the company is in South Carolina employing workers who contribute to the consumer economy. We just don’t think taxpayers should have been forced to pay a $1 billion bribe to bring the company here.”
Amen brother.
Cue the litany of “they won’t come here otherwise” responses from the usual statist/crony capitalist suspects.
They can’t even distinguish the difference between reducing taxes for incentive versus handing out taxpayer money, let alone understand how incentivizing extreme tax reduction can be to a company like Boeing if done properly, avoiding the whole issue of moral hazard.
There is not enough educated people in SC to make the product, we’ll pay for it instead, and promote our achievement.
“…This website has no problem with Boeing…” Come on Will, you’ve had a “hard on” for Boeing since day one – I think you’ve written one semi-favorable thing about the company and it was a left handed compliment at best.
“… (although the company clearly has a problem with us)…. I doubt they care about you at all. Though we are sure they know you exist, what with the trespassing and all…
Actually Will lied about his encounter with Boeing. He drove up to the front gate sitting in the marked no-crossing median on Boeing Blvd, got out of his car, snapped pictures, and they told him they couldn’t do that. So he deleted the pictures in front of the security guard which they were fine. Then he did a U-Turn while snapping another picture. There’s also a reason why Will didn’t press charges against Allied Barton claiming assault. Because they are recording the front gate and actually do have a recording of the “incident”.
Then of course he went on his blog and made up the incident about the security guard supposedly deleting the video of his daughter when they didn’t touch his phone at all.
Captain Renault is shocked to learn Will Folks would make up an incident and report it as fact.
so Will, with that slant on this story, what percentage of the airframes with issues have come from the “SOLID UNION” workforce in the plants in Washington state? Just askin’
Are you talking about the 787? Most 787 issues have come from Everett. The Ethiopian plane that was on fire from a defective Honeywell unit? Everett. The ANA and United planes with the battery cascade runaway reaction? Everett. The panel falling off the Air India 787? Everett.
How many times do you have to be told that facts are not appreciated by Will. They mess up his agenda.
For the 1000th time Will continues to ignore the “market place” competitor to Boeing. It is Airbus owned by European governments. There ain’t any others. For once Will, tell the truth. But I know you won’t as truth doesn’t fit your agenda.
As usual, the lie continues.
The reality is that South Carolina has given directly a lot less than that.
Money from the State:
$270 million in up front money from the state. (Another $129 million for borrowing)
$33 million for worker training program
Money that Boeing does not pay due to tax breaks
$356 million in property-tax breaks (taxes that Boeing won’t pay to the state on property taxes. Charleston County Aviation Authority is a state charter organization).
$47.5 million in state corporate tax credits
$100 million in additional tax breaks for components that are flown into and out of Charleston. If they didn’t fly components into or out of
Charleston, the tax effect is still $0 before or after the fact.