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Big League Economics

Boeing CEO Rejects Nationalization of Company While Begging for Taxpayer Bailout

They want cash without oversight.

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The CEO of the Boeing Company is rebuffing the premise of granting the federal government an ownership stake in his company, while asking for a taxpayer-funded bailout.

David Calhoun rejected any consideration of the company’s nationalization during an interview with FOX Business’ Maria Bartiromo.

I don’t have a need for an equity stake,” said the aircraft manufacturer’s CEO. ““I want them to support the credit markets, provide liquidity. Allow us to borrow against our future, which we all believe in very strongly and I think our creditors will too. It’s really that simple.”

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Calhoun suggested that Boeing would altogether reject the premise of government aid if the federal government insisted on handing over an equity stake in the company.

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The company only suspended a luxury stock buyback program intended to enrich its shareholders just last year. The Chinese coronavirus isn’t the only factor harming the company’s business prospects, with crashes of the Boeing 737 harming the firm’s image and forcing the resignation of its previous CEO. If anything, a federal share in the company could actually prove to provide the oversight that it sorely needs.

It’s somewhat confusing that a company which already garnishes 31% of its total revenue from the U.S. government is so vehemently opposed to allowing the taxpayer a share in the company in return for the short-term funds the company claims it needs to survive.

If receiving taxpayer aid isn’t worth the additional scrutiny of federal ownership for Boeing’s executives, the company should be allowed to walk on their way. That is, if their planned refusal of the bailout only proves to be a mere bluff, which they’re ready to forsake as they humbly beg for the bailout they seek, under the federal government’s conditions.

Big League Economics

Globalists are Planning ‘Climate Lockdowns’ to Finish Off Economic Prosperity in the West

They are coming for everything.

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While COVID-19 mass hysteria may be waning, the globalists are intent on continuing the trend of locking down society and destroying economic prosperity for the peasants.

After the scamdemic comes to an end, it will be climate change used to pump the masses full of fear and get them to accept Draconian measures to cripple their own civilization.

Mariana Mazzucato, a professor at the Economics of Innovation and Public Value Center at University College London, is setting the stage for climate lockdowns if unprecedented taxation and centralized power are not exerted over the economy.

“Under a ‘climate lockdown,’ governments would limit private-vehicle use, ban consumption of red meat, and impose extreme energy-saving measures, while fossil-fuel companies would have to stop drilling,” Mazzucato wrote in her white paper, Avoiding a Climate Lockdown.” 

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She contends that the only way to stop the inevitability of climate lockdowns is to “overhaul our economic structures and do capitalism differently,” meaning do away with it entirely and replace it with totalitarian socialism.

“[G]overnment assistance to business must be less about subsidies, guarantees, and bailouts, and more about building partnerships. This means attaching strict conditions to any corporate bailouts to ensure that taxpayer money is put to productive use and generates long-term public value, not short-term private profits,” she wrote. 

“Because markets will not lead a green revolution on their own, government policy must steer them in that direction. This will require an entrepreneurial state that innovates, takes risks, and invests alongside the private sector,” Mazzucato contended.

Her writings are already influential, according to the New York Times, among politicians who are using her scribblings as an excuse to take unprecedented power-grabs.

Sen. Elizabeth Warren (D-MA) has incorporated Mazzucato’s writings into policy ideas such as using “federal R & D to create domestic jobs and sustainable investments in the future.” Rep. Alexandria Ocasio-Cortez (D-NY) is considering Mazzucato’s ideas to strengthen her Green New Deal proposal.

Even Republican lawmakers are embracing Mazzucato’s extreme anti-capitalist doom prophecies. Sen. Marco Rubio (R-FL) cited Mazzucato in his proposal, “American Investment in the 21st Century,” which is essentially a manifesto of surrender to the Left from the failed neoconservative 2016 presidential hopeful.

“We need to build an economy that can see past the pressure to understand value-creation in narrow and short-run financial terms,” Rubio wrote in the introduction, “and instead envision a future worth investing in for the long-term.”

Mazzucato has also influenced former British Labour Party leader Jeremy Corbyn, former British prime minister Theresa May, and Scottish leader Nicola Sturgeon. Mazzucato’s reach extends to other countries such as Germany and South Africa, and she is considered a charismatic rising star in the field of economics.

It should be obvious by now that the ruling elites never intend to restore freedom to pre-COVID levels. The lockdowns are a permanent fixture of society now, and they will be reintroduced at some point under the guise of stopping climate change.

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