Boeing Announces Big Layoffs in Defense Division

iVillage Member
Registered: 03-08-2011
Boeing Announces Big Layoffs in Defense Division
14
Thu, 11-08-2012 - 8:59pm

Middle class suffered another hit.

Boeing Announces Big Layoffs in Defense Division

Published: Wednesday, 7 Nov 2012

Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.

http://www.cnbc.com/id/49729998

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Avatar for xxxs
Community Leader
Registered: 01-25-2010
Sat, 11-10-2012 - 6:50pm

  It is the GOP that wants to play hardball.  Taxes need to be levied on the rich.  Cutting the bloated defense budget is wise.  Perhaps the defense contractors will not see the congress as a blank check.  Look at all the overruns on high dollar projects.  Not to mention the very long time it has taken to bring them to pre-production.

dragowoman

iVillage Member
Registered: 10-17-2012
Sat, 11-10-2012 - 8:59pm

Yes indeed, the GOP should play hardball.  They're the only check on Obama's failed agenda.  And yes, the defense budget could be cut...but strategically, and not by hack politicians. There should also be cuts to entitlements and most other government spending, and a moritorium on wasting money on stupid things like "green energy" and propping up failed companies.

And why do you feel the need to "tax the rich?"  What do you think will be accomplished by further taxing those who already pay the lions share of taxes in this country?  Do you imagine that taxing small businesses and job creators will magically create jobs or stimulate the economy?  Like it or not, it's a trickle-down world.  Heap a pile of crap on the top and you can bet you'll be stepping in it in pretty short order.

Avatar for xxxs
Community Leader
Registered: 01-25-2010
Sun, 11-11-2012 - 5:01pm

  Taxes will need to be raised.  The "job creators" is a myth.  Most of the very wealthy create nothing.  It is all a game with money.  Low wages, high profits no consumer spending.  After all we are a consumer economy.  That  is just one of the things that needs fixing.  The economy needs a balanced approach with both production and consumption.  Wages high enough to have disposable income.  Stable taxation.  We already had the failed "trickle down" plans.  The real economic change will be bottom up.

dragowoman

iVillage Member
Registered: 10-17-2012
Sun, 11-11-2012 - 6:24pm

Your taxes will be raised...in fact, with Obamacare, they already have been...you just don't know it yet.

And job creators?  You're right, "the very wealth create nothing"...Steve Jobs didn't build a multi-billion dollar company that employs hundreds of thousands of people.  Bill Gates didn't build a multi-billion dollar company that employs a hundreds thousand people.  Warren Buffet didn'tbuild a multi-billion dollar company that employs hundreds of thousands of people.  The Waltons didn't build a multi-billion dollar company that employs hundreds of thousands of people.  Sheldon Adelson didn't build a multi-billion dollar company that employs a hundred thousand people.  Jeff Bezos didn't build a multi-billion dollar company that employs a hundred thousand people.  Sergey Brin didn't build a multi-billion dollar company that employs fifty-thousand people.  Darn if you aren't right..."most of the very wealthy create nothing"...certainly not jobs.

The problem we have is that liberals don't have a clue about how business or the economy works.  They throw out words like "The economy needs a balanced approach with both production and consumption"...well, duh!  The problem is that they then go pushing their ideological agenda which actually destroys that equation, stalls the economy and kills jobs.

They demand high wages but then cry at the high price of goods and seem shocked when companies either relocate or outsource. They can't seem to make the connection between raising the minimum wage and how much that hurts the poor by forcing businesses to raise prices and how that makes those entry-level jobs out of the reach of teenagers and young adults just starting out in the work force.  This is a perfect example of negative "trickle down" economics.

It's equally baffling that liberals deny the reality and success of other instances of trickle down economics...even from examples in their own lives.  Your ridiculous claim above that "the very wealthy create nothing" is demonstrably true with just the slightest bit of education.  I don't know anyone who's gotten a job from a poor person.  And the disposable income you speak of...what happens when your taxes are raised and you have less money?  Right, you cover the necessities and have less to put back into the economy.  The same for small businesses.  Raise their taxes...take more of their money...and they have less to put into expansion and job creation.  The people making $250K?  They're richer than most but they're not "rich."  Their mortgages are higher, they probably have more expensive cars, their kids might go to private school, they also pay higher taxes...etc.  Their lifestyles just cost more.  But when you take away more of their money, they respond in the same way you do...to cover the necessities and cut back on non-essential spending.  The economy is hurt all a round.

Btw, there's no such thing as "bottom up" economics except in an entitlement society where the "bottom" gets it's "wealth" through hand-outs from the top.  Welcome to the Obamanation.

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