Wednesday, December 7, 2016

Donald Trump Says Something Stupid #57: Trump Wants To Cancel Boeing’s Air Force One Contract Because He Doesn't Want Them Making "That Much Money" (VIDEO)

Today President-elect Donald Trump said that he will cancel Boeing’s contract to build a new Air Force One, citing that he didn't want the company to make "that much money".

I'm sure the good folks that work at and with Boeing around the country were happy to hear Donald's position on their the expendable nature of their jobs.

Starting off his day at 8:52 am Trump tweeted this about Boeing's planes that aren't even slated to start flying until 2023...

After the incendiary tweet Boeing's stock incurred a near-billion-dollar loss as the companies market price plummeted. Luckily cooler heads prevailed (I'm guessing they just realized that Trump is a lying sack of shit) and by early afternoon the shares had mostly recovered the loss.

Later in the morning, when he was questioned about his post to Twitter, Trump said...

Well the plane is totally out of control. It’s going to be over $4 billion for Air Force One ... and I think it’s ridiculous. I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money, but not that much money. We’re going to look for ways to save money,

Here is a video from his yuge golden lobby...

After Trumps tweets, the ensuing stock drama and Trump's response President Barack Obama’s spokesman said in a statement that the White House had no idea where Mr. Trump got that figure.

Even the Air Force issued its own statement contradicting Trump's claim saying it was working with Boeing to finalize the contract and cost. While the Air Force has budgeted $2.7 billion in 2017 for research and development of the new Air Force One.

Currently the Defense Department has budgeted the cost of the program, not at "more than $4 billion" but rather $1.65 billion for two Air Force One planes, an easily researchable fact which was reported by Reuters in January when Boeing won the contract.

Adding to inane nature of Trump's claim is that nothing has been ordered yet so there is nothing to "cancel". The program could only be eliminated. And since the new fleet isn't set to arrive until 2023 it's not be a problem for Trump, though it would certainly would affect his successors. The current Air Force One planes were delivered in 1990, and the life cycle is only about 30 years and faces capability gaps, rising maintenance costs, and obsolescence.

But like we said... Not Trump's problem.

Many believe that Trump’s criticism of Boeing was not triggered by the cost of the new Air Force One project but the fact that the company announced last year that it would open a factory in China to do final assembly work on certain types of planes ordered by Chinese customers. The Wall Street Journal reported that China, in turn, has agreed to buy $38 billion in planes from Boeing.

After reading that it should come as no surprise that Boeing is no stranger to playing hardball when it comes to the process the business of building it's airplanes nor is it afraid to push state and local governments for tax breaks to increase its profitability which due to Trump's pay off of Carrier last week we know the Donald is quite amenable to.

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