WHO WILL WIN THE “CORPORATE WHORE” AWARD?
A day before its South Carolina facility faces a fresh round of negative publicity, aircraft manufacturer Boeing was plunged squarely in the middle of the Palmetto State’s gubernatorial race by incumbent “Republican” Nikki Haley.
According to a new Haley television advertisement – entitled “Crickets” – Democratic gubernatorial nominee Vincent Sheheen was nowhere to be found when the administration of Barack Obama shook down the Chicago-based company in a successful effort to prevent additional job losses at its unionized facility in Everett, Washington.
“What did state Sen. Vince Sheheen do?” Haley’s ad asks … cutting to the sound of crickets chirping.
The Haley advertisement is similar to a recent Sheheen spot that challenged the “Republican” incumbent for her lack of leadership at the scandal-scarred S.C. Department of Social Services (SCDSS). In that ad, Sheheen mocked Haley for her self-promotion.
In this spot, Haley is attempting to portray Sheheen as insufficiently loyal to the state’s largest recipient of taxpayer-funded largesse.
“When union bosses and Washington bureaucrats threatened South Carolina jobs, Governor Haley stood up for our workers, fought back and won,” Haley’s spokeswoman Chaney Adams said in a statement accompanying the ad.
Here’s the spot …
(Click to play)
Actually Haley didn’t “win” anything … Boeing used South Carolina’s facility as leverage to cut a deal with the International Association of Machinists and Aerospace Workers (IAM), which is why the troubled facility has been passed over multiple times for new projects.
Sheheen’s campaign countered that Haley was absent for the legislative vote that delivered Boeing its first round of government subsidies.
“Once again, Nikki Haley proves she is unable to be honest with the public,” Sheheen’s spokesman Andrew Whalen said in a statement. “Nikki Haley skipped out on the vote that brought Boeing to South Carolina, and only showed up when she could advance her personal ambition and political agenda.”
Sheesh …
Basically this debate boils down as follows …
Nikki Haley: “I love Boeing the most.”
Vincent Sheheen: “No, I love Boeing the most.”
Pathetic … of course don’t expect the state’s mainstream media to focus on that part of the story in its coverage. When Boeing says “jump,” they say “how high?” Then our politicians ask “how much?” And take it from your pocket … to the tune of more than $1 billion the last time we checked.
In addition to its state money, Boeing also gets subsidies courtesy of the U.S. Export-Import Bank not to mention billions of dollars annually in federal defense contracts.
In contrast to the political and media subservience, FITS was the first news outlet in the country to report on production issues at Boeing’s North Charleston facility. Two months later, reporter Phil LeBeau – who covers automotive and aerospace issues for CNBC – confirmed much of our reporting. More recently, The Seattle Times and The Wall Street Journal have referenced South Carolina’s production problems – while Reuters has exclusively reported on how those issues are affecting the company’s global supply chain.
Another bombshell on the South Carolina facility drops tomorrow …
62 comments
I like that paint job. Nice and bright. Seems to go well with the general spirit of the Azores.
Blends in nicely with the ocean too, like the plane was made for floating around the open seas after a cozy emergency glide down.
Yes Sic Willie, Boeing has passed over Charleston so much. It really hurt when Boeing announced this past July that 787-10s would EXCLUSIVELY be produced in Charleston. Now don’t pretend that you aren’t familiar with the word EXCLUSIVE as you love to use it all the time in describing your drivel.
I’ve been trying to understand what’s Folk’s obsession with Boeing is? Does he want Boeing to leave the state?
He’s pissed the received taxpayer money to come here.
What is his obsession with Haley?Bet his wife and children are proud.
lol. Imagine some gubernatorial candidate running on “kick boeing out of SC.”
Nikki Haley, Vincent Sheheen Battle Over Boeing…
No battle. She’s already WON. Look at the Charleston economic Boom – in an otherwise miserable Obama-economy. It’s mostly because of Boeing.
lol..What “boom” would that be? You see it every day, huh?
Look at the housing market numbers, since Boeing arrived, Dumb@$$..
Or is that not in line w/ what Obama and the DNC are programming its idiots to think? .
No I just live here. The housing market is driven by the destination, not Boeing.
I have no idea what Obama is doing. Do you?
I mean you don’t seem to know much about anything else.
Are you just a Folks troll?
Hmmm… presented w/ intelligent, statistics-based, conversation, you default to ignorant personal attacks. Typical.
Where is this “intelligent, statistics-based, conversation”?
You said Charleston’s “real estate boom” (lol) is due to Boeing. I saw no links, or proof..just your opinion.
So building on that, how many hourly Boeing employees are buying $500K Mt Pleasant houses? ‘Cause thats where the “boom” is.
Idiot.
About 4000 of them actually. They’re not hourly paid but salaried.
They already did the research on this boom which helped the state aerospace sector grow by 11.4%. Now contrast this to the average state annual growth rate of 1.4%. If anything, the aerospace sector is growing.
As a result of Boeing’s presence, over 26,000 jobs were directly tied to the economic activity related to aerospace manufacturing.
http://www.goldenbearrealty.com/blog/boeing-and-the-industrial-growth-of-charleston-sc.html
“…“Once again, Nikki Haley proves she is unable to be honest with the public,” Sheheen’s spokesman Andrew Whalen said in a statement…
Pot, meet kettle. Andy my boy your ads are at least as bad if not worse in the veracity department. How about this, stop attacking and start telling us what Gilligan will do if elected.
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Kind of looks like something Big T would have written before he started the lithium doesn’t it…
The truth is Representative Haley was opposed to the Boeing deal, as she was sucking up to Landess and the faux watchdog at the SC Policy Council. But she needed/wanted to $olicit $upport from the $C business community, so she pulled an Obama, and did not vote. And when she realized what runaway support the Boeing deal had, and how far outside of the mainstream the SC Policy Council was/is, she voted for it, when she knew what the results were. So she was against Boeing before she was for Boeing. Sheheen is probably a closet union supporter, so both are bums IMO. So have to choose between 3 bums and a nutty Libertarian, wow.
AMONG! AMONG!
Didn’t Boeing “shake down’ the taxpayers of South Carolina to the tune of $900 million plus?
Mmmmmmm … That’s one way to look at it. FYI: Texas offered a better initial deal and so did Taxifornia and Illinois …
Repeating: “Boeing, when profitable, can and will pay some HUGE taxes, which should get the attention of ANY South Carolina poli-wog.”
Not if they threaten to leave, unless that receive extensions.
Been done before.
Exactly, they’ll always find a way to pay off pols to get breaks small firms won’t.
That being said, I’m all for a low tax burden, it should just be low for everyone because you’ll never get the proverbial dangling carrot from the big boys.
Not really.
It breaks down into these figures.
$270 million in UPFRONT money from the state. (Another $129 million for borrowing)
$356 million in property-tax breaks (taxes that Boeing won’t pay to the state on property taxes).
$47.5 million in state corporate tax credits
$33 million for worker training program
$100 million in additional tax breaks for components that are flown into and out of Charleston. If they didn’t fly components into or out of Charleston, the tax effect is still $0 before or after the fact.
So that’s where you get the figure of 900 million or more.
So, it’s not REAL money.
Now I feel better.
Again not really. Half of the money is money they don’t collect. If Boeing wasn’t here, what’s the tax income? Still $0.
When the taxpayers in Washington threw a fit over the $8.9 billion tax break, a lot of the detractors thought Washington was literally handing Boeing a check for $8.9 billion. Three problems. First, it was a continuation of the tax rate reduction that was passed way back in 2003 where they extended the tax reduction by another 16 years. Second, it is for the period of 2025 to 2040. Third, Boeing was still paying tax money to Washington State which people wrongly assumed that Boeing paid nothing to the state. They were paying 0.2904% instead of 0.484% (a 40% reduction).
“Again not really.”
BS it isn’t.
Everyone would have been better off if they just gave Boeing huge long term tax breaks and not handed them taxpayer money.
This is the first time I’ve seen a good breakdown, thank you.
Using your figures, I suppose the real figure of the shakedown to be:
$270 million in UPFRONT money from the state.
$33 million for worker training program
So around $300 million in taxpayer dollars given to a big corporation, that’s nothing to sneeze at.
Boeing CEO James McNerney’s 2013 compensation soared in 2013.
McNerney’s pay was up 9.4% to $23.2 million from about $21.2 million in 2012. But his overall compensation jumped 66% on a $24.2 million gain from restricted shares that vested and from previously awarded stock options McNerney cashed in, Boeing said Friday in its annual proxy. McNerney gained about $7.3 million from vested shares and exercised stock options in 2012.
McNerney’s $1.9 million salary, $3.7 million stock award and $3.7 million stock option grant were virtually unchanged from 2012. His annual incentive bonus grew 19% to $12.8 million.
Boeing valued McNerney’s perks at $885,000, including $305,000 for personal use of corporate aircraft, $51,700 for ground transport and nearly $44,000 for tax preparation and planning services.
McNerney, 63, formerly headed General Electric’s aircraft engines division and was chief executive of 3M before joining Boeing in July 2005.
After several lackluster years, Boeing had a total shareholder return of nearly 85% in 2013.
It’s the union rep! Welcome!
It’s not true? Or is it just your team is better? Rah rah. Laughable
You do understand what plagiarism means, don’t you? Lifting people’s material and trying to pass it off as your own without crediting them. Which in this case, you left out the source.
Ok got it, deflect low intelligence voters
I’m sorry, what does you being a LIV have to do with Boeing? I wasn’t aware there were public elections for people outside of Boeing who do not hold shares?
“Does you?” Or do yous simply have a copy of the Chicago style sheet. Niki sure likes to spread other peoples money around and subsidize those shareholders dividends and CEOs options (Not that the opposition is any better.) btw, I wasn’t writing a dissertation, but keeping the LIV deflected from your team’s play book is a strategy in SC. Care t yell liberal or socialist next?
Or neither, dumbass. Feel free to browse my disqus profile. Yes, I totally go on liberal and socialist websites.
You’re getting better at controlling yourself; only three posts before you lapse into name-calling. Were you an honor student in a SC’ neo-liberal special class too?
It would have been really hard to have been an honor student the so-called class when I never attended one or grew up in South Carolina.
In the meantime, dumbass, are you still going to call me a liberal or socialist? After all, you started the whole name-calling game with the whole “liberal” “socialist” game. Did you even bother to look at my disqus profile or are you just stupid?
I understand if is difficult to keep up without attending one, honor student or not. The term with which I would characterize your posts was “neo-liberal.”
Again wrong. Did you look at my disqus profile? It appears not. If you want to play label. Your crap is akin to that of the Westboro’s and Paulbots. Okay? So keep flailing like the dumbass you are.
http://weaselzippers.us/199151-iranian-revolutionary-guards-website-warns-about-secret-zionist-plot-involving-jewish-martial-arts/#comment-1581338652
http://weaselzippers.us/198757-obama-takes-time-out-of-foreign-policy-stuff-to-go-visit-stonehenge/#comment-1575652492
http://weaselzippers.us/198726-liberal-christians-call-on-obama-to-stop-isis-using-community-based-nonviolent-resistance/#comment-1575494705
http://weaselzippers.us/198497-obama-calls-for-isis-to-be-destroyed-five-minutes-later-says-isis-a-manageable-problem/#comment-1572038773
http://weaselzippers.us/198497-obama-calls-for-isis-to-be-destroyed-five-minutes-later-says-isis-a-manageable-problem/#comment-1572040055
http://weaselzippers.us/198488-huh-obama-claims-isis-has-already-failed/#comment-1571949538
You’re funny… a little ridiculous too, like the kid who eats glue in the back of the kindergarten class … was that you? Neo-liberal theory, now go look it up.
And, he paid Social Security FICA taxes only on the first $117,000 of that income.
Poor slobs who make under $117,000 pay FICA on 100% of their income. As income rises above that $117,000 amount the percentage subject to FICA tax decreases and decreases and…wonder what the percentage of FICA contribution is on 23.2 million?
That’s the fault of Washington DC putting a cap on FICA taxes.
No one pays property taxes to the State of South Carolina. Besides, that would become government wasteful spending anyway.
??????????????
That had me scratching my head too, my only guess is she means “big corps that buy off pols” in place of “no one”.
Charleston County Aviation Authority is owned by the state under a state-approved charter. That’s where the tax money was supposed to go to.
“… Boeing used South Carolina’s facility as leverage to cut a deal with the International Association of Machinists and Aerospace Workers (IAM), which is why the troubled facility has been passed over multiple times for new projects. …”
Well, stretching that point a bit.
Boeing came to the South Carolina in order to #1) build big, high flying, high tech airplanes at a profit … there is no #2).
Now that Boeing can not find enough highly skilled workers to meet their demand for “totally safe flying” 787’s. This is a prime reason to “pass over” their SC plant with new projects. (It must be noted that Boeing is soliciting Washington State workers, union or not, to come to South Carolina.)
BTW: Boeing, when profitable, can pay some HUGE taxes, which should get the attention of ANY South Carolina poli-wog.
And yet Boeing gave Charleston exclusive manufacturing slots for the 787-10?
What in life is “totally safe”?
Generally, one is safer flying in any airplane than climbing into the bath tub. (A statistical anomaly? Not!)
Generally, Volvos kill more children than hand guns do. (A statistical anomaly! Yes!)
“Its all relative you know …” – Ringo in the movie Yellow Submarine.
“Generally, Volvos kill more children than hand guns do. (A statistical anomaly! Yes!)”
I love this stat. I would argue though it’s not an anomaly when you account for the fact far more kids are riding in Volvo’s daily than handling guns.
Correct … but that’s why it is an anomaly. (The kid does not have to be “handling” the gun to be counted. Likewise the kid does not have to be riding in the Volvo when counted. In both [or either] those cases, it could have been a “drive by”.)
But you’re missing my point, just because they “don’t have to be” doesn’t mean they aren’t…so it’s not an anomaly…it’s just how you interpret and examine the data and if the variables are considered.
“something that deviates from what is standard, normal, or expected.”
Although in fairness to your point, perhaps someone that doesn’t consider the issue of Volvo/Gun interaction with children might call it an “anomaly”.
Volvos/guns is anomalous in that neither is actually or directly related to the question of the main root causes of the majority of childrens’ fatalities … relatively rare and accidental causes, rather than the big deal made by the law givers.
Assuming a 40 mile round trip to and from the airport, you 5 times more likely to suffer a fatality on trip to an from the airport than the flight itself.
Yes! Thank You Boeing! (and Cessna and Beech and Bombardier and …) and the FAA, the only g’ment agency with a single, clear mission: to keep air transportation safe and real.
NTSA does it for autos and airplanes.The Gov sets the the standards and the private sector provides the innovations to meet it.
Sometimes the Gov bureaucracy can slow the adoption of innovations. The Gov created GPS, but was painfully slow in using it for airline traffic control. There is no excuse for losing a jet.
A bit of useful information from Al Jazeera: “The role of Al Jazeera’s Investigations Unit is not to report the news but to make the news.” http://www.aljazeera.com/investigations/boeing787/
Where there isn’t a fire, make one?
Something like that…