Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Well, it doesn't really get more pathetic than this Boeing.
We are getting our asses kicked by Airbus. The Europeans
are beating us again. I've been making fun of Europe
a lot lately. They're really not capable of doing anything
except on one thing, airplanes. They are beaten us, not
(00:40):
out of us. And again this is our own damn
fault Boeing. And we've covered this before on the program Mergers,
the accounting class, the Washington DC class, the Pentagon retirees
that all find nice, clushy jobs at Boeing as planes
(01:02):
fall out of the sky. Actually, Trump is furious. He's
actually basically saying Boeing's a lost cause. And I agree
Boeing is a lost cause. We have called, we have
called for the break up of Boeing for a very
long period of time. I actually went after Lina Khan.
(01:25):
I said, you're going after all of these ridiculous things
out here, why not save an American company here by
breaking it the hell up, firing everybody. Spin off the
defense business. It shouldn't have anything to do with the
aerospace business making airplanes. Again. We just found out that
(01:46):
a plane that was supposed to be delivered last year,
two air Force ones supposed to be delivered last year.
Now Boeing says, yeah, that's not going to be ready
until twenty twenty nine. Trump's pissed. He's pissed again. We
got the planes the uh're flying around now, over thirty
years old. He's actually kicking the tires on buying some
(02:09):
of the UH Royalty, some of the royals airplanes from
the Middle East. You couldn't make this up. Here's gonna
tell how bad it gets here. Airbus just started delivering
their new aircraft. It's called the A three twenty one
x l R. And this plane is this great. They've
(02:33):
already got five hundred orders. Let me tell you why
this this plane is great. It's about two hundred and
twenty passengers on this plane. It is a It is
a narrow body jet that can fly at least eleven hours.
Now why is that great? Well, that opens up a
lot more routes overseas from the United States over to Europe,
(02:57):
direct routes where you don't need a massive plane and
have to fill that to make it worthwhile. So again
from some regional airports, so much regional air We have
a tamp airport, for example, great airport, perfect for them.
They're going to be able to fly to European destinations.
And again the airplane is smaller, but it can still
(03:20):
fly for eleven hours. They're going like hotcakes. They're going
like hotcakes. Airlines that used to buy Boeing's planes like, yeah,
not so much. Again, this is what happens. This is
what happens when we allow the deep state, the deep
(03:44):
state to infect corporations here in this country. And that's
what happened with Boeing. You had Pentagon personnel, military personnel. Oh,
they retire, they get a job, they get to sit
on the board of Boeing. They you get a show
job there. You bring in the accountants, you get rid
of the engineers, and you create a big fricking disaster.
(04:07):
And again you also have another aspect as well, too
big to fail. Because of the defense business over at Boeing,
they're essentially too big to fail that can't happen. Too
big to fail leads to what garbage, garbage. It's the
same thing that you know you're dealing with in you know,
(04:27):
when you're not allowed to fire people, okay problems. That's
what too big to fail leads to, and that's what
Boeing has. So again the best thing Trump feels that
Boeing is a lost cause. Break the damn thing up,
make them spin off their defense business and let somebody
else run this company and get it right. Watchdog on
(04:48):
Wallstreet dot com