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Comment by roody15 | Hacker News Reader

I cannot help but get the feeling that Boeing woes are like a canary in a coal mine for larger structural issues in the US government as a whole. Too much effort is put into spin, public relations and propaganda instead of actual just getting things done.

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This is the legacy of Jack Welch. His short-term thinking to bolster stock price has become the new norm. There is a whole generation of CEOs who are following in Jack's failed footsteps.

Wouldn't it be the canary in the corporate coal mine rather than the government coal mine? The corporation screwed up; the government is making them fix it, at an extreme level of completeness and correctness.

Boeing is about as representative of the US government, or country, as German soccer is for our government.

Hmm, is it? Boeing is in the category of too big to fail. I agree its not government per say.. but it is really not a private business either.

Yes, the US government is not Boeing. Yes, Boeing is a private business.

You are describing your general distaste for two entities and attempting to rationalize it.

My only guess that steelmans that is you think Boeing would cease to exist without its defense business.

As of 2020, 21% of the DoD's budget went to Boeing, and was 31% of Boeing's revenue:

https://www.forbes.com/sites/greatspeculations/2020/01/02/ho...

It's unlikely either organization would exist as it currently does without the other.

21% of the DoD's PROCUREMENT budget, not it's entire budget.

DoD 2024 budget request: $886b[1]

DoD 2023 procurement budget: 163.7b[1]

Procurement budget is 18% of total budget.

21% of procurement budget is $34.3b

That means that means that if the percentages still stood at the 2020 numbers then Boeing would account for *3%* of the 2024 DoD budget.

1. https://www.airandspaceforces.com/pentagon-leaders-2024-budg...

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