Feb

21

Obama Pats Self on Back for Boeing’s Sale of 230 Planes to Indonesian Company

Filed Under Business, Politics | 19 Comments

Indonesia’s Lion Air is buying 230 Boeing jets, and as you’ll see below, President Obama is pushing hard to be named “Salesman of the Month.” Obama didn’t just pat himself on the back — he said he deserved a gold watch for helping close the deal:


*****

Flying under the radar though is the usual devil in the details: It’s US taxpayers who deserve the gold watches for the sale:

How do you stump up the money for a $22 billion aircraft deal?

The case of Indonesia’s Lion Air, which signed a record order with Boeing this week, is typical of many mega-aircraft deals: with a little help from the taxpayer.

The U.S. government is offering loan guarantees to help the low-cost carrier buy 230 jets, under a system operating on both sides of the Atlantic to promote exports of strategic goods such as the jetliners built by Boeing or rival Airbus.

In theory, it means U.S. taxpayers could pick up part of the tab if the deal falls through.

It’s okay, we’re used to that.

Comments

19 Responses to “Obama Pats Self on Back for Boeing’s Sale of 230 Planes to Indonesian Company”

  1. backwoodsconsr on February 21st, 2012 11:05 pm

    Would you buy a used car from this man?

  2. SignPainterGuy on February 21st, 2012 11:05 pm

    I take it these planes will be built at the WA plant and not at the SC plant that Obummer tried to stop from being built, incl. all the jobs that would have created !

  3. SignPainterGuy on February 21st, 2012 11:07 pm

    NO, and I certainly wouldn`t buy the only new one he keeps pushing us to buy !!

  4. Marshall_Will on February 21st, 2012 11:20 pm

    Take it from an old stock tout, that 230 number will go thru endless downward revisions, contract renegotiations and outright cancellations before arriving at anything resembling an earth bound figure.

    Then collecting on them is a whole other matter! The U.S Ex-ImBank used to handle these transactions for John Deere and other Heavy Mfrs. How many people in Indo can afford rickshaw fare let alone PLANE fare..?

    How about instead of a gold watch we give Obie unlimited airfare all throughout the world's largest mooslim nation? Seems fair enough!

  5. SignPainterGuy on February 21st, 2012 11:24 pm

    Only if the airfare is "one way" !!

  6. backwoodsconsr on February 21st, 2012 11:26 pm

    All 57 states?

    Any watch given to him should be made of fool's gold.

  7. Marshall_Will on February 21st, 2012 11:31 pm

    ( Notice I said 'throughout'? )
    http://www.usdebtclock.org/

    Take a gander and figure out how many more aeroplanes we'd have to mfr. and sell to offset the growth in the deficit. Remember, $22 bil. is the gross number. The net is a fraction of that.

    Forget the Jobs Saved or Created, look at the real numbers.

  8. SignPainterGuy on February 21st, 2012 11:58 pm

    A fools gold watch body with steak sauce behind the crystal ! Aah ha ha ha haaaa !

  9. Truesoldier__ on February 22nd, 2012 12:04 am

    I am pretty sure you are right as these are the 737 SuperMax planes and that is what is now being built in Everett, while the 787 Dreamliner will be built in the SC plant.

    Speaking of the SC plant, I saw Obama was there the other day trying to take credit for the jobs the plant created….
    http://www.dailymail.co.uk/news/article-2102916/O…

  10. SignPainterGuy on February 22nd, 2012 12:04 am

    It would never get done !

    No, I`d prefer Zero to just pick one muslim hellhole and stay there !

  11. Truesoldier__ on February 22nd, 2012 12:10 am

    I wonder how many time zones are in those 57 states?

  12. Marshall_Will on February 22nd, 2012 1:52 am

    Given things "that challenge mere mortals are boring to Teh Wun" ( how many would you 'like' for there to be? )

    At one time a number like like $22 bil. would have impressed us. Now it's yawn inducing, if not vomit. Bill Whitt's IowaHawk breakdown amply shows assuming this was all profit, another 10 more just like it and it might cover the interest on the Debt for all of a month?

    And where's P'BO come off gettin' all hot and bothered about capitalism all of a sudden? Since when did HE care!

  13. clu seatoe on February 22nd, 2012 1:57 am

    All the smiling faces at the plant certainly proves that the fact that they still have a job has no correlation to their intelligence. But, hey, it’s libville, WA.

  14. Truesoldier__ on February 22nd, 2012 11:58 am

    If I were Boeing I would have been running the opposite direction when Obama came running with his loan guarantees. Look how well that has worked out for all the other companies so far. Hell even the Chevy Dolt is subsidized and we see how well that is selling.

    If Boeing isn't careful they are going to end up partially owned by the government (like GM and Chrysler), but then again that is probably all part of the plan when it comes to Obama. He sure would love to nationalize the car industry, the airline industry, the banking industry, etc…

  15. SignPainterGuy on February 22nd, 2012 2:12 pm

    As I mentioned last week, I test drove a new Camaro; it listed for just North of $43,000. The Dolt sitting out front listed for $46,000+ …… and no notation of any giverment subsidy !

    A "fun machine" or a "National Embarrassment" ? RUN BOEING, RUN !!

  16. Truesoldier__ on February 22nd, 2012 4:30 pm

    I can just see it now. Any new planes Boeing creates will have to have the same space in 1st class as coach as part of the redistribution process….

  17. Granny55 on February 22nd, 2012 5:22 pm

    Hey everyone has to get their "fair share"!

  18. Truesoldier__ on February 22nd, 2012 5:50 pm

    No kidding. I would not be surprised if Obama puts a tax on first class seats to help subsidize coach seats to ensure that those 'rich guys' are paying their 'fair share".

  19. SignPainterGuy on February 22nd, 2012 7:50 pm

    "redistribution process" ……. 1`st Class tickets will of course be raised in price to cover coach passengers getting those hot towels, hot meals on plates and genuine safe plastic utensils !

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