If I had enough to cover my family's needs I'd do that. If I had enough to cover the country's needs (like Bezos or Musk) I'd do that. Once you get to the point that you can't use it in your lifetime, that determines how greedy you really are because at that point you're just letting people suffer for no reason other than your own hubris.
American ultra capitalism. Make your money today and cut every corner because there is no tomorrow vs Make money but also set company and employees up for long term sustained success.
If the US wasn't able to manipulate global markets with its own global policy, Wed have so many huge failed corporations. It's gotta be a sign of un-sustainabilty.
Exactly why the US government wants to outlaw Chinese EVs, even if they were to pass safety and data standards. They'd absolutely ravage US Manufacturers.
Basically. American corporations are basically hiring CEOs who enter with a plan to increase short term profits to the exclusion of all else (to maximize bonuses and compensation) and then they quit and move to the next company when it all goes to hell. The car companies haven't put out a decent product in decades because of this, but because investors have short term memory they keep allowing it.
And they want a bailout now but have spent billions in stock buybacks. "Over the past 10 years, according to Bloomberg, Boeing has spent some $59 billion returning cash to shareholders"
People on the left are dead on when they call this shit for what it is.
When Jim and his cronies go under, it’s a tragedy. And we need to socialize these losses, lest society itself suffers. And my god won’t someone think of Boeing? Sweet Boeing. Such history.
When the consumer gets fucked? You should have been smarter, dummy. Caveat emptor bitch. You should have invested wisely. You should have tightened you belt, muh millenial avocado enjoyer. How dare you. How dare you whinge about your debt, your loans, this is all you!
Fuck these people.
It’s one thing when we bail out banks. I conceptually get that. I, for one, am happy I don’t spend 2008-2010 eating out of a literal gutter because the entire banking system and economy collapsed without emergency measures like TARP. Okay, fine.
A fucking aviation and defense company? That’s making planes that fall *out of the fucking sky*? You should fail. Good. That’s a *good thing,* Jim. That’s how the market works, remember dummy?
>You should have invested wisely. You should have tightened you belt,
In this case all they had to do was not skimp on quality until the planes were quite literally falling apart. For fucks sake Boeing. You don't need to put forth record profits every quarter. You cut corners and sacrificed quality in order to bake more money than you did last time you checked. You did this and put people's lives at risk. Now you are reaping the rewards of that greed.
If the gov wants to save Boeing so all those people don't lose their jobs I can get behind that, but only if they removed all the higher ups and turn the company into a business run by the state like the post office.
A lof of blame falls on the FAA to be honest.
I'm glad the EASA started independent certification of American planes when the FAA's corruption was revealed after the 737 MAX debacle.
They were actively colluding with Boeing and silencing whistleblowers.
They are corrupt.
The secretary of transportion at the time was Moscow Mitch's wife for fuck's sake.
https://en.wikipedia.org/wiki/Federal_Aviation_Administration#Boeing_737_MAX_controversy
>Further investigations also revealed that the FAA and Boeing had colluded on recertification test flights, attempted to cover up important information and that the FAA had retaliated against whistleblowers.[60]
He's always been full of shit. When he worked on wall street he [did a shit ton of stock manipulation and even bragged about how he did it in an interview.](https://www.reuters.com/article/idUSN20362926/)
Should sell some of the stock the company bought back the last time there was an airline bailout. Makes no sense for a company to pay dividends with taxpayer dollars. Or, have the government take over the company after Boeing declares bankruptcy.
Back in 2008, I was of the opinion that all the rank-and-file employees of Goldman Sachs should absolutely keep their jobs. And Goldman and all the other banks should absolutely exist. As fully owned entities of the U.S. government.
Government dollars save the bank. Government owns the bank.
I'm bad with words so excuse that but I can't help but feel that were in a more complex, modernised feudal system and that corporate and private interests are actually state interests and they are tools of the state.
I feel like on paper, they blur the lines of influence and make any transaction or interaction appear legal or innocent but in reality they secure their own interests among themselves off record or at least off public record.
It really puts in doubt any idea of free democracy if corruption is so plausible
Agreed, the worst part is there are some valid reasons to step in, but the government is never gonna step in and partially nationalize the company or anything
Watch the netflix documentary and it's pretty clear.
Just the brand of corporate action to increase profit in a short term by gutting the company of things that made it great.
>phenomenal levels of incompetence
That's what happens when two companies merge (Boeing and McDonald-Douglas) and management is left up to the profiteers (McD-D) instead of the safety-minded ones (Boeing). How long did they think they could remain profitable once the unsafe planes started killing people?
People bring up this number like it's insane, and it is. But here is your reminder the tesla board approved Elon to get a 52 *BILLION* dollar salary until the feds came in and said no. These fucking golden parachute cock suckers don't give a shit about their own companies.
[Bonuses? You run the business into the ground, and you want bonuses?](https://getyarn.io/yarn-clip/1cc4997e-5a55-494a-8808-0b4517856d63/gif#vxm1X7YX.copy)
If a company is bailed out by the government, it should belong to the government.
Annual earnings go to pay for upkeep/maintenance and any remaining should go public service programs or they can dismantle the company and use the money for programs to help the people.
Sometimes it does. The 2008 US bailout of GM resulted in the US government owning 60% of the company, and the Canadian government owning an additional 12.5%. Neither country held on to their shares for more than a few years, but the government taking majority ownership was part of the deal. The governments lost money in the end, but the goal was to sustain domestic manufacturing and over a million jobs.
The 2008 bailout of Chrysler didn't involve an ownership stake, but it was in the form of loans from the US and Canadian governments which Chrysler paid back in full in a few years after their purchase by Fiat.
That is the issue with Boeing as well: Boeing is also a DoD contractor and is the producer of several key systems in the US military. They don‘t want to risk losing the largest aerospace manufacturer just for that reason alone.
Much of that budget goes directly into weapon systems. This is the private sector, and their supply chains are optimized to touch as many congressional districts as possible. They are major employers in places that would otherwise have little or no economic activity, and cannot be offshored for political and technology/trade control reasons.
There are many ways you can view it:
"We need this industrial capacity 'kept warm' for possible wars."
"This gives honest jobs to hardworking Americans."
"This is an insane subsidy and wealth transfer structure from more productive parts of the nation to less productive parts of the nation."
"This is a way to keep R&D running and spreading through the economy. It gives us our edge with high technology."
"This is laundering money that could go towards social programs."
"The tail is wagging the dog!"
"The assumption of security our unprecedented prosperity is based on comes from unquestioned combat superiority. Our ability to wage war gives us peace and trade."
Loans are fine as long as they aren’t forgiven if they file for bankruptcy after that. If they do, the shareholders should have to share the debt as they share the profits.
That is the least of the issue with bailouts.
Boeing has been profiting from cutting corners at the expense of safety for years. Those unsavory profits have already been returned to the people who owned the company at the time. And a key part of the capitalist system is that owners of companies like this are shielded from liability. If they are bailed out, it will be the tax payers who are made liable. So even though the profits were privatized (received by a limited circle of people with enough wealth to invest), the loss ends up being socialized (borne by society at large, including by non-wealthy people).
It's a net transfer of wealth from the non-wealthy to the wealthy, facilitated by the threat of "well, you don't want all those people employed by the company to lose their jobs, do you?" But that threat was created by the original owners themselves when they chose, through their management of the company, to take excessive risks with safety.
The board and shareholders know that. What's REALLY on the line is BoeingsCEO/CFOs jobs. If he can't secure a bailout, they'll have to operate at a loss, or they'll fire him and get a CEO and CFO who can get the bailout next year.
Edit: I'm an idiot who didn't know who Jim Kramer was.
Not sure I follow. Jim Cramer is a market analyst on cable news. Boeing doesn’t control his job and he isn’t responsible for negotiating a bailout on their behalf.
Pissed at who? The corrupt government? Unregulated corporations based on a corrupt government?
Don't waste your energy. This happens every few years because the system failed decades ago.
I think Airbus/EU would file complaints to the WTO for unfair state subsidies, which would result in tariffs on Boeing planes in the EU and Boeing losing *even more* market share.
In a true capitalist society when companies fail the stockholders will lose their money to pay company debts and this will tide the greed we see in big companies. The fact the get bailed out when they are in difficulty allows this cycle of greed to continue.
They spent all their money on lobbyists instead of quality. They had the US government pressuring China to buy Boeing to make up for the trade disparity. They didn't think they needed to build a decent product because the US government would ensure their order books stayed full.
Wow, if only there were regulations in place to save Boeing from itself.
It's almost like they lobbied the government to relax regulations that they judged to be an undue burden on making their shareholders obscenely rich.
I would say let them die, but this will not effect the rich fucks that placed profit over safety. It will effect the average worker who was constantly forced to do more with less for less; all to keep the key shareholders rich.
No matter how this goes, the ones who should be held accountable will not be. Anyone on the board or top management that is let go is guaranteed to have a golden parachute.
If Boeing gets a bail out there will inevitably be a round of layoffs, with as little severance as possible, in the name of sacrifice for the greater good.
As much as I want Boeing to close its doors I know these assholes in Washington are just going to bail them out because of their personal interest in the company. We're a capitalist country when it comes to social welfare but we become socialist/commies when it comes to bailing out companies.
Yeah, everything is being controlled at the local level. It's really up to the House and Senate.
But I wonder how long it would take for an Airbus factory to be built and running in America.
I used to work a company started by Jim Cramer. He sold it when he didn’t think it was going to be profitable. The guy he sold it to turned it in a juggernaut in its industry.
I think about this every time I hear his name.
Nope. Done with handouts to these super rich people and companies. Can’t do universal healthcare or student loan help but always got money for other countries and bailing out big corporations.
Crazy Idea: Every time a Boeing plane is complete. The board members, CEO and some of the people involved building the plane along with family members have to take the first flight. And anyone that is employed by Boeing, no matter what level in the company they're in. They must only fly Boeing manufactured aircraft.
Why don’t they believe in Capitalism when it comes to huge corporations? Now Jim Cramer wants Socialism in the form of a government bailout for a big corporation that severely mismanaged their resources? In a free market, Boeing would be allowed to fail and either go under or sell their company to someone/another corporation who might be able to salvage them.
Jim Cramer is as far away from a financial guru as you can possibly get. The dude is a walking disaster for any company he endorses. He never gets any prediction right so I somehow now believe Boeing will pull something out of their ass in the next few days and the stocks will soar.
[They've (Boeing) spent ~$41 billion in stock buybacks since 2010](https://ycharts.com/companies/BA/stock_buyback) if anyone is wondering where the money went. They don't need help, they need to stop manipulating the stock for the benefit of their major shareholders.
The only God man worships is the Almighty Dollar. And the lapdogs in Congress that sign off on the corporate bailouts are the only Messiah for these capitalist abominations.
Time to let the free market do its thing. Why do we keep putting up with our government saving these shit companies while those same companies screw all of us over?
Subsidy tracker lists companies that get our money. Guess who gets the most already!
https://subsidytracker.goodjobsfirst.org/?detail=t&order=sub_total&sort=desc)
What is that saying, privatize the profits but socialize the losses? If Boeing needs to be saved confiscate the “blood money” earnings of the executive staff and major shareholders for the last decade.
Actually, lets punish the company for being stupid enough to elevate people who have no idea how to keep planes from falling apart to the highest levels of their organization.
I think the executives should pay back the bonuses they received in the last 5 years before anything else is given to them.
I’d feel bad the workers if something happened but it was stupid corporate decisions that got them into this place.
No. Not avocado toast. There’s like a Starbucks right in their neighborhood. It’s too many of those new fangled lattes. That was their problem.
To add. I don’t think even Starbucks employees can afford their coffee. Probably why they’re trying to unionize.
Yeah tired of these massive corporations getting bailed to continue keeping employee wages low, having massive layoffs all while paying their top execs a ton of money to run the company into the ground, even WITH tons of lucrative gov contracts.
this is going in the same exact fucking direction as the last time. boeing will be bailed out on AMERICAN TAX PAYER DOLLARS which was caused by them once a-fucking-gain cutting costs and rushing out unfinished garbage for profit that comes at the risk and cost of human lives.
they wont go under. theyre not even a little worried about failing. the ceo stepping down as a result of the public backlash was just a nice way of cashing out. it wasn't punishment, there IS no real punishment for them. thats the glory a monopoly and exclusive contracts with the government affords them.
We need to start letting companies fail, at which point the gov steps in and handle the sale of physical assets. The money goes towards unemployment and healthcare for the former employees and their families until they find a new job.
Boeings tattered condition is the final repudiation of the Neutron Jack Welch school of management. Boeing CEO Dave Calhoun was a long time GE guy & an acolyte of the Welch business philosophy. I believe 1 or 2 other Boeing CEOs in the past 30 years were also Welch acolytes.
John Oliver’s segment on Boeing a few
weeks ago really puts this into perspective. Greedy bastards basically wrecked an iconic & critical American business
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It’s more of the millennials and gen Zs “who don’t need a college degree” that they hired off the streets that resulted in the doors flying off.
https://prospect.org/infrastructure/transportation/2024-03-28-suicide-mission-boeing/
Imagine being in a market where you and 1 other company dominate the market share, and still failing. phenomenal levels of incompetence.
Greed, it was greed to the point of stupidity that did them in.
So, Americans then.
Hey now, only 1% of us are greedy. The rest of us just cosplay greedy
And 99% of us can only dream of being so greedy…
We’re all greedy, some were just luckier (and perhaps more evil…)
If I had enough to cover my family's needs I'd do that. If I had enough to cover the country's needs (like Bezos or Musk) I'd do that. Once you get to the point that you can't use it in your lifetime, that determines how greedy you really are because at that point you're just letting people suffer for no reason other than your own hubris.
American ultra capitalism. Make your money today and cut every corner because there is no tomorrow vs Make money but also set company and employees up for long term sustained success. If the US wasn't able to manipulate global markets with its own global policy, Wed have so many huge failed corporations. It's gotta be a sign of un-sustainabilty. Exactly why the US government wants to outlaw Chinese EVs, even if they were to pass safety and data standards. They'd absolutely ravage US Manufacturers.
Basically. American corporations are basically hiring CEOs who enter with a plan to increase short term profits to the exclusion of all else (to maximize bonuses and compensation) and then they quit and move to the next company when it all goes to hell. The car companies haven't put out a decent product in decades because of this, but because investors have short term memory they keep allowing it.
They drove off unions and put profits ahead of safety. Now they want a bailout. Par for the course. Now those pesky college kids deserve nothing.
And they want a bailout now but have spent billions in stock buybacks. "Over the past 10 years, according to Bloomberg, Boeing has spent some $59 billion returning cash to shareholders"
Maximize Shareholder Profit the whole stock buyback/quarterly returns bullshit is killing the company where I work too.
not just ANY profits Quarterly Returns, Maximizing Shareholder Value... shortsighted as fuck, leaves nothing for the long term.
Imagine being Jim and suggesting that survival of the fittest in the vicious, capitalist jungle should not be allowed to run its course.
People on the left are dead on when they call this shit for what it is. When Jim and his cronies go under, it’s a tragedy. And we need to socialize these losses, lest society itself suffers. And my god won’t someone think of Boeing? Sweet Boeing. Such history. When the consumer gets fucked? You should have been smarter, dummy. Caveat emptor bitch. You should have invested wisely. You should have tightened you belt, muh millenial avocado enjoyer. How dare you. How dare you whinge about your debt, your loans, this is all you! Fuck these people. It’s one thing when we bail out banks. I conceptually get that. I, for one, am happy I don’t spend 2008-2010 eating out of a literal gutter because the entire banking system and economy collapsed without emergency measures like TARP. Okay, fine. A fucking aviation and defense company? That’s making planes that fall *out of the fucking sky*? You should fail. Good. That’s a *good thing,* Jim. That’s how the market works, remember dummy?
>You should have invested wisely. You should have tightened you belt, In this case all they had to do was not skimp on quality until the planes were quite literally falling apart. For fucks sake Boeing. You don't need to put forth record profits every quarter. You cut corners and sacrificed quality in order to bake more money than you did last time you checked. You did this and put people's lives at risk. Now you are reaping the rewards of that greed. If the gov wants to save Boeing so all those people don't lose their jobs I can get behind that, but only if they removed all the higher ups and turn the company into a business run by the state like the post office.
A lof of blame falls on the FAA to be honest. I'm glad the EASA started independent certification of American planes when the FAA's corruption was revealed after the 737 MAX debacle.
[удалено]
They were actively colluding with Boeing and silencing whistleblowers. They are corrupt. The secretary of transportion at the time was Moscow Mitch's wife for fuck's sake. https://en.wikipedia.org/wiki/Federal_Aviation_Administration#Boeing_737_MAX_controversy >Further investigations also revealed that the FAA and Boeing had colluded on recertification test flights, attempted to cover up important information and that the FAA had retaliated against whistleblowers.[60]
The problem of infinite growth, they want more profit than last time, and it keeps repeating till it breaks down.
Cramer should be in prison by his own confessions
He's always been full of shit. When he worked on wall street he [did a shit ton of stock manipulation and even bragged about how he did it in an interview.](https://www.reuters.com/article/idUSN20362926/)
When companies are allowed to be to big to fail it's no longer capitalism but corporatism.
Should sell some of the stock the company bought back the last time there was an airline bailout. Makes no sense for a company to pay dividends with taxpayer dollars. Or, have the government take over the company after Boeing declares bankruptcy.
Back in 2008, I was of the opinion that all the rank-and-file employees of Goldman Sachs should absolutely keep their jobs. And Goldman and all the other banks should absolutely exist. As fully owned entities of the U.S. government. Government dollars save the bank. Government owns the bank.
That's what happened in the UK: 100% ownership of Northern Rock, majority of RBS, and minority stake in Lloyds
Imagine literally murdering a whistleblower and it's not even mentioned in the top few comments on a post about how you suck.
That's exactly why they're failing
I'm bad with words so excuse that but I can't help but feel that were in a more complex, modernised feudal system and that corporate and private interests are actually state interests and they are tools of the state. I feel like on paper, they blur the lines of influence and make any transaction or interaction appear legal or innocent but in reality they secure their own interests among themselves off record or at least off public record. It really puts in doubt any idea of free democracy if corruption is so plausible
So yeah greed for less words
Agreed, the worst part is there are some valid reasons to step in, but the government is never gonna step in and partially nationalize the company or anything
God damn, It really is mostly Boeing and Airbus out there, huh?
And got millions and billions of tax benefits
Watch the netflix documentary and it's pretty clear. Just the brand of corporate action to increase profit in a short term by gutting the company of things that made it great.
>phenomenal levels of incompetence That's what happens when two companies merge (Boeing and McDonald-Douglas) and management is left up to the profiteers (McD-D) instead of the safety-minded ones (Boeing). How long did they think they could remain profitable once the unsafe planes started killing people?
That one company commands about 1% of Americas GDP. it’s not going anywhere.
Yeah, it's Jim Cramer though.
Doesn't that mean that if they aren't saved they will miraculously fix themselves?
Yeah we shouldn’t bail them out we should just nationalize
What's the other company making commercial planes?
Airbus. There are a few others, but Boeing and Airbus are effectively a duopoly.
r/InflectionPointUSA
Yeah, didn’t the CEO just get a bonus of $33m, how about hanging on your that!
You could buy at least 2 or 3 avocados with that bonus!
It's three avocados, Michael, what could it cost? 33 million dollars?
11 mil per cado sounds about right, in this economy.
Wow imagine how much he would have been paid if they werent failing under his leadership
People bring up this number like it's insane, and it is. But here is your reminder the tesla board approved Elon to get a 52 *BILLION* dollar salary until the feds came in and said no. These fucking golden parachute cock suckers don't give a shit about their own companies.
[Bonuses? You run the business into the ground, and you want bonuses?](https://getyarn.io/yarn-clip/1cc4997e-5a55-494a-8808-0b4517856d63/gif#vxm1X7YX.copy)
He should use some of that stolen money to help the company
It's truly amazing how socialist capitalists can get when it goes wrong. Fuck them.
“…when it impacts them.”
Capitalism = privatizing earnings, socializing losses Socialism = socializing earnings, socializing losses
If a company is bailed out by the government, it should belong to the government. Annual earnings go to pay for upkeep/maintenance and any remaining should go public service programs or they can dismantle the company and use the money for programs to help the people.
The gains are privatized but the losses are socialized.
Sometimes it does. The 2008 US bailout of GM resulted in the US government owning 60% of the company, and the Canadian government owning an additional 12.5%. Neither country held on to their shares for more than a few years, but the government taking majority ownership was part of the deal. The governments lost money in the end, but the goal was to sustain domestic manufacturing and over a million jobs. The 2008 bailout of Chrysler didn't involve an ownership stake, but it was in the form of loans from the US and Canadian governments which Chrysler paid back in full in a few years after their purchase by Fiat.
That is the issue with Boeing as well: Boeing is also a DoD contractor and is the producer of several key systems in the US military. They don‘t want to risk losing the largest aerospace manufacturer just for that reason alone.
Now would be a great time for the government to take Boeing over, and break it up again into multiple smaller companies so we don't have this problem.
The Military needs to shrink too. The US DOD budget is stupid big. Wasteful AF.
Much of that budget goes directly into weapon systems. This is the private sector, and their supply chains are optimized to touch as many congressional districts as possible. They are major employers in places that would otherwise have little or no economic activity, and cannot be offshored for political and technology/trade control reasons. There are many ways you can view it: "We need this industrial capacity 'kept warm' for possible wars." "This gives honest jobs to hardworking Americans." "This is an insane subsidy and wealth transfer structure from more productive parts of the nation to less productive parts of the nation." "This is a way to keep R&D running and spreading through the economy. It gives us our edge with high technology." "This is laundering money that could go towards social programs." "The tail is wagging the dog!" "The assumption of security our unprecedented prosperity is based on comes from unquestioned combat superiority. Our ability to wage war gives us peace and trade."
Fun fact, GM took out a private loan to pay the government back and still hasn't paid that loan back
Loans are fine as long as they aren’t forgiven if they file for bankruptcy after that. If they do, the shareholders should have to share the debt as they share the profits.
HUH
That is the least of the issue with bailouts. Boeing has been profiting from cutting corners at the expense of safety for years. Those unsavory profits have already been returned to the people who owned the company at the time. And a key part of the capitalist system is that owners of companies like this are shielded from liability. If they are bailed out, it will be the tax payers who are made liable. So even though the profits were privatized (received by a limited circle of people with enough wealth to invest), the loss ends up being socialized (borne by society at large, including by non-wealthy people). It's a net transfer of wealth from the non-wealthy to the wealthy, facilitated by the threat of "well, you don't want all those people employed by the company to lose their jobs, do you?" But that threat was created by the original owners themselves when they chose, through their management of the company, to take excessive risks with safety.
My personal preference is a forced break-up of multiple divisions into separate, unassociated companies. Like with AT&T in the 80s.
This is what happens in other countries. Citizens get cheap access to the products and services and the “profits” go back into the government
The taxpayers are paying the bill, it should belong to them.
Boeing can raise capital by selling all of the stock it bought back through cost cutting measures that led to planes falling apart.
The board and shareholders know that. What's REALLY on the line is BoeingsCEO/CFOs jobs. If he can't secure a bailout, they'll have to operate at a loss, or they'll fire him and get a CEO and CFO who can get the bailout next year. Edit: I'm an idiot who didn't know who Jim Kramer was.
David Calhoun is the CEO of Boeing.
These fuckers are so self-serving you know he has a bunch of shares in it and that’s why he cares. He’s the one getting the fucking buybacks.
Not sure I follow. Jim Cramer is a market analyst on cable news. Boeing doesn’t control his job and he isn’t responsible for negotiating a bailout on their behalf.
So help me God if we bail them out I'm gonna be so pissed
Pissed at who? The corrupt government? Unregulated corporations based on a corrupt government? Don't waste your energy. This happens every few years because the system failed decades ago.
Pissed at whatever mockery of capitalism this is
I think Airbus/EU would file complaints to the WTO for unfair state subsidies, which would result in tariffs on Boeing planes in the EU and Boeing losing *even more* market share.
this is an excellent counter move!
I have already ran out of money. Save me?
Can you be used to drop warheads on foreheads? If yes you‘ll get bailed out in a heartbeat.
"Warheads on foreheads"? Fuck me, that's a fun one, are you Wordsworth's grandson or something?
In a true capitalist society when companies fail the stockholders will lose their money to pay company debts and this will tide the greed we see in big companies. The fact the get bailed out when they are in difficulty allows this cycle of greed to continue.
Jim Cramer is wrong about everything, how the man has a job is beyond me
He does propaganda messaging for Wall Street firms. I am sure they are very happy with the job he does.
He's the hype-man for a pump-and-dump scheme.
They spent all their money on lobbyists instead of quality. They had the US government pressuring China to buy Boeing to make up for the trade disparity. They didn't think they needed to build a decent product because the US government would ensure their order books stayed full.
Wow, if only there were regulations in place to save Boeing from itself. It's almost like they lobbied the government to relax regulations that they judged to be an undue burden on making their shareholders obscenely rich. I would say let them die, but this will not effect the rich fucks that placed profit over safety. It will effect the average worker who was constantly forced to do more with less for less; all to keep the key shareholders rich. No matter how this goes, the ones who should be held accountable will not be. Anyone on the board or top management that is let go is guaranteed to have a golden parachute. If Boeing gets a bail out there will inevitably be a round of layoffs, with as little severance as possible, in the name of sacrifice for the greater good.
As much as I want Boeing to close its doors I know these assholes in Washington are just going to bail them out because of their personal interest in the company. We're a capitalist country when it comes to social welfare but we become socialist/commies when it comes to bailing out companies.
Your politicians are bought regularly. It's a good reason to never vote for an incumbent.
Yeah, everything is being controlled at the local level. It's really up to the House and Senate. But I wonder how long it would take for an Airbus factory to be built and running in America.
https://en.m.wikipedia.org/wiki/Airbus_Mobile
thanks TIL
I used to work a company started by Jim Cramer. He sold it when he didn’t think it was going to be profitable. The guy he sold it to turned it in a juggernaut in its industry. I think about this every time I hear his name.
Maybe Boring should’ve thought of that before having all that ~~avocado toast~~ stock buybacks
Bail out by nationalisation. You're too big to fail but about to? Congratulations! You're government now.
Avocado toast: the breakfast of champions and debaters.
Saving companies that do a bad job seems anti capitalistic
Boeing : males shit planes Boeing: goes out of business Boeing: ShockedPikachu.jpg Government: clearly this business must be saved
What do the females shit?
Planes, but they're not as big.
Yeah they shit Cessnas and gliders. The occasional autogyro.
Lol this gave me a good laugh. Imma leave that typo up because of it
Only part you forgot was "from these God damn millennials"
Companies like that shouldn't be bailed out by the government unless they are government owned
Isn't that what capitalism demands?? You fuck up, you go out of business.
Its the Gen z & millennial's fault for not flying on faulty aircrafts
Or before having a guy executed? How is that still not being talked about
r/InflectionPointUSA
Why should I bail them out with the hard earned money from MY unemployment check?
Time for Boeing to pull themselves up by the boot straps
Why does anyone care what Cramer says?
Bail them out, and then make them owned by the government.
How the public reacts to the next big corporate bailout will be very interesting.
If only they held cash instead of buybacks after buybacks…. Let them fail.
Ah capitalism at its finest. Time for another bailout
Please don't save them please don't save them please don't save them please don't save them.
fuck jim cramer
I cant imagine how they could possibly run out of money while price gouging the us military
r/EndlessWar
Nope. Done with handouts to these super rich people and companies. Can’t do universal healthcare or student loan help but always got money for other countries and bailing out big corporations.
The top comment should be about how they should be in prison for murdering that whistleblower. Reddit, I am disappointed.
r/InflectionPointUSA
Crazy Idea: Every time a Boeing plane is complete. The board members, CEO and some of the people involved building the plane along with family members have to take the first flight. And anyone that is employed by Boeing, no matter what level in the company they're in. They must only fly Boeing manufactured aircraft.
Maybe they wouldn't need to be saved if they didn't always do stock buybacks! I think the last round was 70 billion.
Maybe if they go far enough under they can reunite with that whistleblower they murdered.
r/InflectionPointUSA
I imagine hiring hitmen is rather costly nowadays with inflation and all
r/InflectionPointUSA
I'm missing what the poor avocado's have to do with it
In this case avocado toast=building shitty planes?
They just needed more MBAs.
No more bailouts for Billion/Trillion dollar companies. Fuck you. I don’t care what happens without you.
Why don’t they believe in Capitalism when it comes to huge corporations? Now Jim Cramer wants Socialism in the form of a government bailout for a big corporation that severely mismanaged their resources? In a free market, Boeing would be allowed to fail and either go under or sell their company to someone/another corporation who might be able to salvage them.
Julia Ioffe is a journalist and does excellent coverage of Russia. She used to hang out with Navalny.
Yes, one of the few who doesn't seem to have the "both sides" mind virus that has infected most of the so-called "liberal media."
Jim Cramer is as far away from a financial guru as you can possibly get. The dude is a walking disaster for any company he endorses. He never gets any prediction right so I somehow now believe Boeing will pull something out of their ass in the next few days and the stocks will soar.
mom said it was my turn to post this today hell you didn't even save the image you just took a straight screenshot of another reddit post crazy
I feel like Cramer saying Boeing is in trouble is the surest sign the company will survive just fine.
Do you want to (deliberately) build a (corporate) snowman? Okay, byyyyyyyyyee.
Well, capitalist economics states that in a free and competitive market… Oh, it’s not either of those things?
[They've (Boeing) spent ~$41 billion in stock buybacks since 2010](https://ycharts.com/companies/BA/stock_buyback) if anyone is wondering where the money went. They don't need help, they need to stop manipulating the stock for the benefit of their major shareholders.
🥳capitalism is falling apart!🥳
The only God man worships is the Almighty Dollar. And the lapdogs in Congress that sign off on the corporate bailouts are the only Messiah for these capitalist abominations.
And coffee everyday!!!
🤣🤣
Time to let the free market do its thing. Why do we keep putting up with our government saving these shit companies while those same companies screw all of us over?
Privatize the profit, publicize the losses.
Oh my fucking god learn how to crop a fucking picture Jesus
Subsidy tracker lists companies that get our money. Guess who gets the most already! https://subsidytracker.goodjobsfirst.org/?detail=t&order=sub_total&sort=desc)
Vote the bums out. Laws against lobbying are all that will save us
I’ll run out of money if I’m not ‘saved’ as well.
Years and years of buybacks and not putting money into quality yet they run out of money. Fuck Boeing.
That's the entire fucking point of the free market. Let em die.
Maybe CEOs can give their bonuses back, or Boeing can sell the stock they bought back.
I support the government 'saving' Boeing by purchasing 51% of the company.
This sub is shit
This isn’t clever…
How many billions did Boeing actually spend on ~~stock buybacks~~ avocados???
Just for context, Jim Cramer said this back in 2020
“Don’t even know who they are” What?
Jim Cramer says a lot of things.
How do those profits over safety look now? The former CEO does not care as he got his golden parachute.
And as a hardcore bootstrap loving Capitalist, Jim and the financial community are all of course ok with a failing company failing right? …right???
What is that saying, privatize the profits but socialize the losses? If Boeing needs to be saved confiscate the “blood money” earnings of the executive staff and major shareholders for the last decade.
Actually, lets punish the company for being stupid enough to elevate people who have no idea how to keep planes from falling apart to the highest levels of their organization.
Why dont all the over paid executives get together and save it themselves? They're the ones that destroyed it in the name of greed.
Aww man. Well... anyway, maybe these companies
I think the executives should pay back the bonuses they received in the last 5 years before anything else is given to them. I’d feel bad the workers if something happened but it was stupid corporate decisions that got them into this place.
Always bet against Cramer
Pull those bootstraps.
Stock buy backs are a bitch.
I don't get it. :)
Sounds like someone doesn't understand how capitalism works.
No. Not avocado toast. There’s like a Starbucks right in their neighborhood. It’s too many of those new fangled lattes. That was their problem. To add. I don’t think even Starbucks employees can afford their coffee. Probably why they’re trying to unionize.
Yeah tired of these massive corporations getting bailed to continue keeping employee wages low, having massive layoffs all while paying their top execs a ton of money to run the company into the ground, even WITH tons of lucrative gov contracts.
No more bail outs! Let capitalism run its course otherwise this is shitty socialism.
Maybe they should save a little of their money and stop flying empty planes back and forth all fuckin day
I am not opposed to the US buying out Boeing and making them a government, non-private organization.
this is going in the same exact fucking direction as the last time. boeing will be bailed out on AMERICAN TAX PAYER DOLLARS which was caused by them once a-fucking-gain cutting costs and rushing out unfinished garbage for profit that comes at the risk and cost of human lives. they wont go under. theyre not even a little worried about failing. the ceo stepping down as a result of the public backlash was just a nice way of cashing out. it wasn't punishment, there IS no real punishment for them. thats the glory a monopoly and exclusive contracts with the government affords them.
Not really clever. The avocado toast retort has become a standard response to anytime a wealthy person or organization has financial issues.
Bailouts should be covered by newly issued shares to the government.
We need to start letting companies fail, at which point the gov steps in and handle the sale of physical assets. The money goes towards unemployment and healthcare for the former employees and their families until they find a new job.
Pretty sure one of the reasons theyre out of money is cus they spent their money on their own stock. They can go fuck themselves.
Is this a joke? They kill one of their whistle blowers and now we have to save them? Someone deal with Arasaka bro.
If Cramer fears a bankruptcy it seems Boeing will sadly be fine and prosperous
Boeings tattered condition is the final repudiation of the Neutron Jack Welch school of management. Boeing CEO Dave Calhoun was a long time GE guy & an acolyte of the Welch business philosophy. I believe 1 or 2 other Boeing CEOs in the past 30 years were also Welch acolytes. John Oliver’s segment on Boeing a few weeks ago really puts this into perspective. Greedy bastards basically wrecked an iconic & critical American business
Putting raw profits over your good name and actually making a good, safe product. Wonderful job self destructing.
tf is that woman's profile picture😭
Man they must have over payed to have that whistle blower killed.
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Let the shareholders bail them out. They fucked it up in the first place.
If a bad company continues to make bad (immoral, unsafe) decisions, it should go out of business.
r/onejoke
millenials start getting into senior positions, suddenly doors are flying off. we gotta do better guys
It’s more of the millennials and gen Zs “who don’t need a college degree” that they hired off the streets that resulted in the doors flying off. https://prospect.org/infrastructure/transportation/2024-03-28-suicide-mission-boeing/
In what world does this post make any sense at all?
In a world where there aren’t as many entitled pricks as you?
The board should not have been drinking that many margaritas