Economy Should Federal Government Bail Out Failing Boeing and Intel?

[GhostZ06]

Large complicated defense contracts are nearly impossible to just open bid. Boeing ain't going nowhere.

they need to be broken up.

separate Boeing and McDonald Douglas

 

[Satsui Ryu]

they need to be broken up.

separate Boeing and McDonald Douglas

It is a logistical nightmare to bid these projects. Unfortunately when a company has held a project for a long time, even decades sometimes, there is no real way to just pass it to someone else to start all over.

 

[HockeyBjj]

If there is a company or product so indispensable to the American public and or infrastructure then the government should in all likelihood be the majority shareholder in that company if not outright owner/supplier.

I didn’t realize you were a communist

That’s not said as an attack. I’m just surprised

 

[KAZSoliloquy]

of course not but they will. that's what you get in basically every capitalist country. it's capitalism until it fails then we need socialism to make it better.

 

[avenue94]

Goat Musk is already gotta rescue their astronauts. Let's give the money to company who can actually get to space without their ships falling apart.

Making cutting edge chips is way harder than getting to space lol. No idea what Musk has to do with chip design.

 

[avenue94]

No.

Boeing went full blast foreign workers / solutions and the result was catastrophic. They tossed out American Project Controls, Technologists, and Engineers for Indian and Chinese resources. They got what they paid for at the expense of Americans.

How come Intel is losing to TSMC then?

 

[Rational Poster]

Making cutting edge chips is way harder than getting to space lol. No idea what Musk has to do with chip design.

Musk isn't any sort of engineer, certainly not aerospace or computing.

I think he pretends to have a physics degree or something. He just owns companies that design and make rockets, he doesn't actually do it himself.

 

[avenue94]

Musk isn't any sort of engineer, certainly not aerospace or computing.

I think he pretends to have a physics degree or something. He just owns companies that design and make rockets, he doesn't actually do it himself.

Pretty much. The idea that getting into space is transferable to designing chips is also hilarious. The number of companies that do cutting edge fabrication is way outnumbered by countries that have been to space. NASA's annual budget wouldn't even cover the cost of a single fab at this point.

 

[Gutter Chris]

they need to be broken up.

separate Boeing and McDonald Douglas

Thats kind of what I was wondering about

How does a company that makes all the fighter jets and is a huge defense contractor go broke



And 2 due to the involvement with said fighter jets it almost seems like national security that they not be allowed to go bankrupt

 

[GhostZ06]

Thats kind of what I was wondering about

How does a company that makes all the fighter jets and is a huge defense contractor go broke



And 2 due to the involvement with said fighter jets it almost seems like national security that they not be allowed to go bankrupt

theyre not really doing to well in that regaurd either. They fucked up the tanker, super hornet going out of production, they lost the next gen helo program...

the main problem is we dont have enough competition in 6th gen fighter contender

 

[Teppodama]

I didn’t realize you were a communist

That’s not said as an attack. I’m just surprised

Im actually not but I do believe in value for my tax dollar. If the People have to pay for it then the People should own it or atleast a portion of it otherwise keep your hand out of my wallet.

 

[freakroor]

can i have some money too?

 

[LeonardoBjj]

- Let those two giant colapse, and we get a snow-ball rulling a hill down, like efect in the economy. From enginers(nobody take them in cosideration, i am look at you, automotive regulations in the 90's), from the cleaner, fromn the coffe lady. All those people loss their job, and a entire economy suffers. And not only the american one.

 

[Andy Capp]

Imagine bailing out private industry. What a fucking joke.

I understand the feeling, but if either one went bust the damage to the economy would be immense and it would disproportionately affect the people who can least afford it. To me, the joke was allowing the merger in the first place.

 

[Natural Order]

I understand the feeling, but if either one went bust the damage to the economy would be immense and it would disproportionately affect the people who can least afford it. To me, the joke was allowing the merger in the first place.

Definitely a tough situation no matter how you look at it. But we can't keep propping up massive private industry, even if it causes some serious short-term hurt. It's the only way we can learn, expect and do better. Bailing out stupidity and greed (hilariously ironic) is just not acceptable, no matter how large the entity or the staff size.

 

[JudoThrowFiasco]

I mean the US bailout system basically is investing in the company and it often is profitable for the country. I get why they pull out after recouping their costs but it's generally not a bad idea to bailout your biggest global companies when the need arises.