From a review of quarterly
earnings releases and 10-Qs filed with the SEC, the below table shows The Boeing Company's Pretax Income (Loss) for each of the most recent three quarters of 2019 and 2018.
The Boeing Company
|
||
Pretax
Income (Loss)
|
||
mils of $s
|
||
| ….. 4Q December 2019 | (2,342) | |
| ….. 4Q December 2018 | 4,046 | |
| ………. Percentage Increase (Decrease) | -158% | |
| ….. 3Q September 2019 | 1,177 | |
| ….. 3Q September 2018 | 2,133 | |
| ………. Percentage Increase (Decrease) | -45% | |
| ….. 2Q June 2019 | (3,427) | |
| ….. 2Q June 2018 | 2,586 | |
| ………. Percentage Increase (Decrease) | -233% | |
| Most Recent Three Quarters Combined | ||
| ….. 2019 | (4,592) | |
| ….. 2018 | 8,765 | |
| ………. Percentage Increase (Decrease) | -152% |
When Pretax Earnings decline so precipitously, that is not a good signal for the future pay and employee benefits
of Boeing's non-executive employees, many of whom live in South Carolina.
South Carolina non-executive workers, including the many Boeing Co employees who work in South Carolina, really have had the deck stacked against them versus what is going on with the sky-high annual percentage pay and employee benefit raises of South Carolina Company Top-Tier Executives.
So which 2020 Democratic Presidential candidate could best close
this massive annual percentage pay raise gap between South Carolina Top-Tier executives
and South Carolina non-executives?
More than anything needed to solve this thorny problem is to possess exceptionally strong financial and data science skills, coupled with a keen understanding of how businesses operate.
More than anything needed to solve this thorny problem is to possess exceptionally strong financial and data science skills, coupled with a keen understanding of how businesses operate.
Well, that should rule out any Presidential candidate who worked
for the US Government, particularly in the past ten years, when these
comparative pay raise results were so horrendous, not just in South Carolina but also in
every other US State. That would rule out Joe Biden, Bernie Sanders,
Elizabeth Warren and Amy Klobuchar.
Of the Top Five Democratic Presidential candidates running in South Carolina that would leave only Pete Buttigieg.
I think there is only one Democratic Presidential candidate who
has both the requisite financial acumen and the economic fairness to turn the
tide around on this massive, continuing US income inequality expansion caused
mainly by the massive gap in annual percentage pay raises between executive and
non-executive employees ..... Pete Buttigieg.
But let me go into more depth on my assessment of the main
strengths and weaknesses of the other Top Four Candidates.
All four of them have a lot of Washington DC government
experience and all four have well intentions.
My research has shown that both Elizabeth Warren and Bernie
Sanders and also even Tom Steyer are spot on when they assert that US Corporate Financial Corruption is
rampant. But the problem is that none of them have any clue on
precisely the cause or how to effectively fix this huge problem which is the
primary cause of the huge, continuing US income inequality expansion which has
been occurring for decades. They don't understand precisely the
mechanics of how large US Corps have expanded income inequality so dramatically
in each year for decades. You can't fix something you don't sufficiently
understand. It's insufficient to just grouchily complain about it all of
the time without offering effective solutions.
Joe Biden is an extremely nice man but I think he is devoid of
financial acumen. He is so naive on economic issues that he isn't even
aware of the extent of this continuing huge US income inequality expansion or
precisely its cause which has been occurring under his nose for the past forty
plus years.
Nor is Biden aware of, or else has decided to ignore, just how huge the largest US tax shelters are which are located right under his nose in his home State of Delaware, mostly in one Wilmington, Delaware building. These Delaware tax shelters have substantially added to US income inequality each year.
And for someone to loudly assert many times during the South Carolina primary, where 67% of the voters are black, that he was arrested for Nelson Mandela like Joe Biden did when he actually didn't get arrested for Nelson Mandela, it reveals that Joe Biden is either an opportunistic liar or senile and either way, he has no business being US President.
Amy Klobuchar is also a very nice person but has very little financial acumen.
Nor is Biden aware of, or else has decided to ignore, just how huge the largest US tax shelters are which are located right under his nose in his home State of Delaware, mostly in one Wilmington, Delaware building. These Delaware tax shelters have substantially added to US income inequality each year.
And for someone to loudly assert many times during the South Carolina primary, where 67% of the voters are black, that he was arrested for Nelson Mandela like Joe Biden did when he actually didn't get arrested for Nelson Mandela, it reveals that Joe Biden is either an opportunistic liar or senile and either way, he has no business being US President.
Amy Klobuchar is also a very nice person but has very little financial acumen.
Similar to the way Republicans think, Amy successfully pushed
strongly for tax breaks for the many Medical Companies in Minnesota but that
has substantially expanded income inequality with no trickle down economic
benefit to the middle and lower economic classes.
Also on the very negative side, both Joe Biden and Amy Klobuchar voted for many years for the Annual Income Tax Loophole Extenders which dramatically increased US income inequality expansion each year. On the positive side, voting for many years against these same Annual Income Tax Loophole Extenders were Elizabeth Warren and Bernie Sanders.
If you want four more years of huge US pay income inequality expansion like we have had in the past forty years, then Joe Biden is your man.
I also think Joe Biden would have a very difficult time beating Donald Trump. At his advanced age, Biden has a very low energy level, whereas Trump, with his unbelievably high energy level, reminds me of the energizer bunny. US citizens want a highly energetic US President. Barack Obama clearly had it. Joe Biden at his advanced age clearly doesn't.
Bernie Sanders and Elizabeth Warren are still both saddled with their pure Medicare For All positions which, because of its incredibly prohibitive cost and of its removal of existing health care coverage that many people really like, is highly unpopular to US general election Presidential voters at large.
Bernie and Elizabeth are also very nice people but still don't know how large the ten-year cost of their Medicare For All will be. You don't propose something so huge without having a CBO-scored cost of it. Some outside pundits estimate the cost will run to in excess of $30 trillion over ten years, which will compound to in excess of $80 trillion over twenty years. Thus there would be a substantial amount of US government deficit spending needed to get this legislation passed and that would probably result in a US stock market crash, coupled with at best a deep US recession and maybe even a US depression. And there will be no money available to pay a dime of social security benefits to the elderly. Suffice it to say that neither Bernie nor Elizabeth are financial whizzes.
If either of them won the 2020 Democratic Presidential Primary, she or he would have a very difficult time beating Donald Trump in the 2020 Presidential general election.
I do think that Elizabeth Warren, with her consistently likable, charismatic, positive posture and fire in her belly, would stand a substantially better chance of beating Trump than Bernie would.
I voted for Bernie in the 2016 Democratic Presidential primary but there are much better candidates to choose from in 2020 than in 2016 and also I feel that at his advanced age, Bernie now comes across too frequently as a grumpy old white guy. Further, the bulk of the US general election Presidential voters think that Bernie believes in Socialism more than he does US Capitalism.
On the other hand, Warren says she favors US capitalism but that it needs to work much fairer for the middle and lower US economic classes.
Also on the very negative side, both Joe Biden and Amy Klobuchar voted for many years for the Annual Income Tax Loophole Extenders which dramatically increased US income inequality expansion each year. On the positive side, voting for many years against these same Annual Income Tax Loophole Extenders were Elizabeth Warren and Bernie Sanders.
If you want four more years of huge US pay income inequality expansion like we have had in the past forty years, then Joe Biden is your man.
I also think Joe Biden would have a very difficult time beating Donald Trump. At his advanced age, Biden has a very low energy level, whereas Trump, with his unbelievably high energy level, reminds me of the energizer bunny. US citizens want a highly energetic US President. Barack Obama clearly had it. Joe Biden at his advanced age clearly doesn't.
Bernie Sanders and Elizabeth Warren are still both saddled with their pure Medicare For All positions which, because of its incredibly prohibitive cost and of its removal of existing health care coverage that many people really like, is highly unpopular to US general election Presidential voters at large.
Bernie and Elizabeth are also very nice people but still don't know how large the ten-year cost of their Medicare For All will be. You don't propose something so huge without having a CBO-scored cost of it. Some outside pundits estimate the cost will run to in excess of $30 trillion over ten years, which will compound to in excess of $80 trillion over twenty years. Thus there would be a substantial amount of US government deficit spending needed to get this legislation passed and that would probably result in a US stock market crash, coupled with at best a deep US recession and maybe even a US depression. And there will be no money available to pay a dime of social security benefits to the elderly. Suffice it to say that neither Bernie nor Elizabeth are financial whizzes.
If either of them won the 2020 Democratic Presidential Primary, she or he would have a very difficult time beating Donald Trump in the 2020 Presidential general election.
I do think that Elizabeth Warren, with her consistently likable, charismatic, positive posture and fire in her belly, would stand a substantially better chance of beating Trump than Bernie would.
I voted for Bernie in the 2016 Democratic Presidential primary but there are much better candidates to choose from in 2020 than in 2016 and also I feel that at his advanced age, Bernie now comes across too frequently as a grumpy old white guy. Further, the bulk of the US general election Presidential voters think that Bernie believes in Socialism more than he does US Capitalism.
On the other hand, Warren says she favors US capitalism but that it needs to work much fairer for the middle and lower US economic classes.
