Boeing Dumps CA Workers Over Ex-Im Bank

Boeing Dumps CA Workers Over Ex-Im Bank

by Chriss W. Street 27 Aug 2015Newport Beach, CA

http://www.breitbart.com/national-security/2015/08/27/boeing-dumps-ca-workers-over-ex-im-bank/

Boeing seems to be retaliating against House Majority Leader Rep. Kevin McCarthy (R-CA) 45^% for leading the effort to defund the Export-Import Bank by announcing several hundred California job cuts.

Boeing said the cuts at its Southern California-based satellite division were needed after a new $300 million electric-powered satellite ordered by Bermuda-based ABS, a global satellite operator, was recently canceled because the customer was no longer able to obtain Ex-Im Bank financing. Most of the employees affected by the lay-off work in El Segundo, California, according to a Boeing spokesperson.

Conservative House Republicans leaders have complained for years that Ex-Im financing is one of the most egregious examples of crony capitalism. U.S. Satellite operators and airplane leasing companies were encouraged to move to tax havens, like Bermuda, because they could still access billions of dollars of U.S. tax-payer subsidized financing through the Ex-Im Bank.

A Boeing spokesperson told the LA Times: “Many of Boeing’s international customers rely on Ex-Im Bank financing to purchase commercial satellites and airplanes,” she said. “In the absence of Ex-Im, Boeing may need to serve as the lender of last resort, but there are real limits to how much of this the company can do.”

Breitbart News sources replied that conservative House members continue to oppose Ex-Im financings because only huge and politically connected multi-corporations, like Boeing, can get access to the cheap money.

The bank’s charter expired July 30 after the House Republican leadership prevented a floor vote to extend it. Although taxpayers do not directly lend money to the Ex-Im Bank, Congress for decades has provided federal government guarantees that backstopped the bank with the full faith and credit of taxpayers.

Boeing already had a history of exiting California. The company permanently laid off 18,332 of its 35,000 California workers over the last decade.

In June, Breitbart News reported Boeing’s Long Beach liquidation sale, conducted by Heritage Global Partners. That represented the end of an era for McDonnell Douglas, which merged with Boeing in 1997. In 2010, the company’s C-17 military cargo plane provided 14,000 California jobs before shutting down completely last year.

For over seven decades, the 1.1-million-square-foot aircraft assembly plant dominated Long Beach’s landscape and economy. The Douglas Aircraft Company, forerunner to McDonnell Douglas, began supplying Air Force planes from the site in 1941, just before the U.S. entered World War II. The final plane produced in Long Beach was the C-17 Globemaster III—a monstrous four-engine military cargo jet.

With Military aircraft orders starting to dry up and the 2008 to 2010 hammering Long Beach’s economy, Boeing was still willing to offer Long Beach unionized employees a 3.4 percent pay raise. But Boeing argued that it wanted a lower company pension contribution and higher employee medical plans co-pays to remain competitive against Europe’s Airbus.

Although U.S. orders for the $240 million plane had ended in 2008, the company had started to be successful selling C-17s for fleets in Britain, Australia, Canada and just received a six-plane order from the United Arab Emirates to be delivered in 2012.

But on May 12, 2010, 80 percent of the 5,000 members of the United Auto Workers Local 148 voted against the company’s offer and went out in their first local strike against Boeing in 25 years. Workers with picket signs lined Lakewood Boulevard 24 hours a day to shout epithets at company management and “scab” at workers who crossed the picket lines.

Industry analysts were appalled that the UAW would walk out. The strike ended a month later, but talks of shutting down the site took place over the next four years. The plant’s final closing last spring ended aircraft manufacturing in California and caused about 3,800 additional job losses in and around Long Beach.

Boeing

Boeing Company received export financing support from the Export-Import Bank of the US.

Note:  W. James McNerney Jr. is the chairman & president & CEO for the Boeing Company, a member of the Commercial Club of Chicago, and was a member of the President's Council on Jobs and Competitiveness.

Penny S. Pritzker was a member of the President's Council on Jobs and Competitiveness,

the national finance chair, fundraiser for the 2008 Barack Obama presidential campaign, a co-chair for the 2009 Barack Obama inaugural committee, a fundraiser, national co-chair for the 2012 Barack Obama presidential campaign, a contributor for the 2013 Barack Obama inaugural committee, the host for the Barack Obama fund-raising dinner, 7/2/2008, Craig M. Robinson’s basketball coach for the children's team, is a director at the Export-Import Bank of the US, a member of the Commercial Club of Chicago, the secretary at the U.S. Department of Commerce for the Barack Obama administration.

Michelle Obama is Craig M. Robinson’s sister, and was a lawyer at Sidley Austin LLP.

Barack Obama was an intern at Sidley Austin LLP, and his maternal grandmother was Madelyn Payne Dunham.

Madelyn Payne Dunham was Barack Obama’s maternal grandmother, and an aircraft inspector for the Boeing Company.

Newton N. Minow is a senior counsel at Sidley Austin LLP, and a member of the Commercial Club of Chicago.

R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.

Kathleen L. Brown is a member of the Commercial Club of Chicago, and California state government governor Jerry Brown’s sister.

Valerie B. Jarrett is a member of the Commercial Club of Chicago, the senior adviser for the Barack Obama administration, and her great uncle is Vernon E. Jordan Jr.

Cyrus F. Freidheim Jr. is a member of the Commercial Club of Chicago, and an honorary trustee at the Brookings Institution (think tank).  

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank), the Committee for Economic Development, and the Roosevelt Institute.

George Soros was the chairman for the Foundation to Promote Open Society, and is Jonathan Soros’s father.      

Richard C. Blum is an honorary trustee at the Brookings Institution (think tank), married to California Senator Dianne Feinstein, and a regent at the University of California.

Eddie Island is a regent at the University of California, and was a VP for the McDonnell Douglas Corporation.

John F. McDonnell was the chairman & CEO for the McDonnell Douglas Corporation, and a director at the Boeing Company.

Akin, Gump, Strauss, Hauer & Feld, LLP is the lobby firm for the Boeing Company.

Vernon E. Jordan Jr. is a senior counsel for Akin, Gump, Strauss, Hauer & Feld, LLP, Valerie B. Jarrett’s great uncle, an honorary trustee at the Brookings Institution (think tank), a director at the American Friends of Bilderberg (think tank), and a 2008 Bilderberg conference participant (think tank).

Kenneth M. Duberstein is a trustee at the Brookings Institution (think tank), a director at the Boeing Company, and was a VP for the Committee for Economic Development.

Donna S. Morea was a trustee at the Committee for Economic Development, and the EVP for the CGI Group Inc.

CGI Group Inc. was the Obamacare contractor that developed Healthcare.gov web site.

Obamacare is Barack Obama’s signature policy initiative.

Barbara G. Fast was a VP for the CGI Group Inc, and a VP at the Boeing Company.

W. James McNerney Jr. is the chairman & president & CEO for the Boeing Company, a member of the Commercial Club of Chicago, and was a member of the President's Council on Jobs and Competitiveness.

Boeing Company received export financing support from the Export-Import Bank of the US.

Penny S. Pritzker was a member of the President's Council on Jobs and Competitiveness,

the national finance chair, fundraiser for the 2008 Barack Obama presidential campaign, a co-chair for the 2009 Barack Obama inaugural committee, a fundraiser, national co-chair for the 2012 Barack Obama presidential campaign, a contributor for the 2013 Barack Obama inaugural committee, the host for the Barack Obama fund-raising dinner, 7/2/2008, Craig M. Robinson’s basketball coach for the children's team, is a director at the Export-Import Bank of the US, a member of the Commercial Club of Chicago, the secretary at the U.S. Department of Commerce for the Barack Obama administration.

Commercial Club of Chicago, Members Directory A-Z (Past Research)

Tuesday, December 17, 2013       

http://thesteadydrip.blogspot.com/2013/12/commercial-club-of-chicago-members.html

Edward M. Liddy is a member of the Commercial Club of Chicago, and a director at the Boeing Company.

James A. Bell is a member of the Commercial Club of Chicago, and was the EVP & CFO for the Boeing Company.

William M. Daley is a member of the Commercial Club of Chicago, was the chief of staff for the Barack Obama administration, and a director at the Boeing Company.

Robert D. Bauerlein was a VP for the Boeing Company, and a deputy undersecretary for the U.S. Air Force.

Darleen A. Druyun was a principal deputy assistant secretary for the U.S. Air Force, and a deputy general manager for the Boeing Company.

George K. Muellner was a lieutenant general for the U.S. Air Force, and a division president for the Boeing Company.

Anna Eleanor Roosevelt was a VP corporate citizenship for the Boeing Company, James Roosevelt’s daughter, is the chair for the Roosevelt Institute, an advisory board member for the Wheelchair Foundation.

Jonathan Soros is a senior fellow at the Roosevelt Institute, and George Soros’s son.

Mikhail Gorbachev is an advisory board member for the Wheelchair Foundation, was the general secretary for the Communist Party of the Soviet Union, and the president of the Union of Soviet Socialist Republics (USSR).

Robert S. Strauss was a U.S. ambassador for the Union of Soviet Socialist Republics (USSR), and a partner at Akin, Gump, Strauss, Hauer & Feld, LLP.

Akin, Gump, Strauss, Hauer & Feld, LLP is the lobby firm for the Boeing Company.

James Roosevelt was Anna Eleanor Roosevelt & H. Delano Roosevelt’s father.

H. Delano Roosevelt is James Roosevelt’s son, and was a city councilman for Long Beach (CA).