Airplane manufacturer Boeing is suggesting that it will lay off “several hundred” workers by the end of the year unless lawmakers resurrect the now-defunct Export-Import Bank. Let’s put things in perspective.
Here’s the thing: Airlines in the United States and abroad are desperate for a Boeing aircraft. One American CEO acknowledged, “It’s a really good time to be financing aircraft right now.”
And what about those foreign buyers? Emirates, Dubai’s flagship airline, said it would have no problem purchasing planes without taxpayer-backed export subsidies.
The sky isn’t falling, and companies like Boeing certainly don’t need you to guarantee their business model.