KausFiles

Boeing and the Wages of Subsidy

Corporatism Watch: Is Boeing too compromised by its dependence on Obama administration subsidies to fight a ruling by the administration’s National Labor Relations Board telling it where to build the 787? …  Even if you heroically assume the NLRB is independent of political influence, that doesn’t mean the administration couldn’t retaliate elsewhere if Boeing fights the NLRB too vigorously. Boeing has recently gotten $15 billion in loan guarantees from the Export-Import Bank. Is the Ex-Im Bank insulated from political influence too? The Washington Examiner rightly points out that it was just assumed–not even a scandal, no surprise at all–that banks receiving TARP funds were inhibited when it came to contesting their treatment as creditors in the administration’s auto bailout. 

Might the Obamaites mess with a troublemaking manufacturer’s loans? The phrase “yes, we can” acquires new meaning. …