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I cannot help but get the feeling that Boeing woes are like a canary in a coal mine for larger structural issues in the US government as a whole. Too much effo

I cannot help but get the feeling that Boeing woes are like a canary in a coal mine for larger structural issues in the US government as a whole. Too much effort is put into spin, public relations and propaganda instead of actual just getting things done.

hef19898 3y ago
Boeing is about as representative of the US government, or country, as German soccer is for our government.
- roody15 3y ago
  Hmm, is it? Boeing is in the category of too big to fail. I agree its not government per say.. but it is really not a private business either.
  - refulgentis 3y ago
    Yes, the US government is not Boeing. Yes, Boeing is a private business. You are describing your general distaste for two entities and attempting to rationalize it. My only guess that steelmans that is you think Boeing would cease to exist without its defense business.
    - hedora 3y ago
      As of 2020, 21% of the DoD's budget went to Boeing, and was 31% of Boeing's revenue: https://www.forbes.com/sites/greatspeculations/2020/01/02/how-much-of-boeings-revenues-comes-from-the-us-government/?sh=60f130315144 https://www.forbes.com/sites/greatspeculations/2020/01/02/ho... It's unlikely either organization would exist as it currently does without the other.
      - deleted 3y ago
        [deleted]
      - ajcp 3y ago
        21% of the DoD's PROCUREMENT budget, not it's entire budget. DoD 2024 budget request: $886b[1] DoD 2023 procurement budget: 163.7b[1] Procurement budget is 18% of total budget. 21% of procurement budget is $34.3b That means that means that if the percentages still stood at the 2020 numbers then Boeing would account for *3%* of the 2024 DoD budget. 1. https://www.airandspaceforces.com/pentagon-leaders-2024-budget-is-first-and-foremost-about-procurement/ https://www.airandspaceforces.com/pentagon-leaders-2024-budg...
rednerrus 3y ago
This is the legacy of Jack Welch. His short-term thinking to bolster stock price has become the new norm. There is a whole generation of CEOs who are following in Jack's failed footsteps.
wolverine876 3y ago
Wouldn't it be the canary in the corporate coal mine rather than the government coal mine? The corporation screwed up; the government is making them fix it, at an extreme level of completeness and correctness.

hef19898 3y ago

Boeing is about as representative of the US government, or country, as German soccer is for our government.

roody15 3y ago
Hmm, is it? Boeing is in the category of too big to fail. I agree its not government per say.. but it is really not a private business either.
- refulgentis 3y ago
  Yes, the US government is not Boeing. Yes, Boeing is a private business. You are describing your general distaste for two entities and attempting to rationalize it. My only guess that steelmans that is you think Boeing would cease to exist without its defense business.
  - hedora 3y ago
    As of 2020, 21% of the DoD's budget went to Boeing, and was 31% of Boeing's revenue: https://www.forbes.com/sites/greatspeculations/2020/01/02/how-much-of-boeings-revenues-comes-from-the-us-government/?sh=60f130315144 https://www.forbes.com/sites/greatspeculations/2020/01/02/ho... It's unlikely either organization would exist as it currently does without the other.
    - deleted 3y ago
      [deleted]
    - ajcp 3y ago
      21% of the DoD's PROCUREMENT budget, not it's entire budget. DoD 2024 budget request: $886b[1] DoD 2023 procurement budget: 163.7b[1] Procurement budget is 18% of total budget. 21% of procurement budget is $34.3b That means that means that if the percentages still stood at the 2020 numbers then Boeing would account for *3%* of the 2024 DoD budget. 1. https://www.airandspaceforces.com/pentagon-leaders-2024-budget-is-first-and-foremost-about-procurement/ https://www.airandspaceforces.com/pentagon-leaders-2024-budg...

rednerrus 3y ago

This is the legacy of Jack Welch. His short-term thinking to bolster stock price has become the new norm. There is a whole generation of CEOs who are following in Jack's failed footsteps.

wolverine876 3y ago

Wouldn't it be the canary in the corporate coal mine rather than the government coal mine? The corporation screwed up; the government is making them fix it, at an extreme level of completeness and correctness.