Export-Import Bank

Obama Says He Might Be the World's Greatest Boeing Airplane Salesman

|

The job of President of the United States of America comes with a lot of responsibilities. You have to sign laws, give speeches, run the executive branch, make high-level appointments, make big decisions about economic policy and regulation, attend to complex diplomatic relations, delegate like crazy, and serve as Commander in Chief.

Also, you apparently have to do double duty as an airplane salesman. As President Obama says in this short clip from a local news interview, he's always closing for Boeing. 

"Other than — maybe — the CEO of Boeing, I don't know anyone who's done more to sell Boeing planes around the world than me."

Watch it: 

(Via The Washington Examiner's Timothy Carney and Breitbart's Charlie Spiering.) 

Boeing is, by far, the biggest long-term beneficiary of the U.S. Export-Import Bank, a government-authorized financial entity that subsidizes corporations through below-market loans.

It's been this way for years. At this point, 40 percent of Ex-Im activity benefits the airplane maker. Ex-Im Bank employees under President Obama have switched sides to take cushier jobs at Boeing, and in March, The Wall Street Journal reported on the intense collaboration and coordination between the two organizations to help write the regulations governing airplane loans through the bank. 

It's no revelation at this point that the Export-Import Bank has been captured by Boeing, its biggest corporate beneficiary. What this clip tells us, though, is that it's not just Ex-Im; the President of the United States has been captured too. 

NEXT: Fracking Impact on Drinking Water Negligible, Says EPA

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  1. Shameless crony capitalist is shameless.

    He definitely is the world’s best gun salesman though.

    1. Tell me about it.

      Where I live, when you buy a new gun it has to go to the county for documentation before you can take possession (the FFL handles this).

      The wait has gone from two weeks to two months, though to be fair I don’t know if that is because of the huge spike in gun purchases or if it is just the county making it even more frustrating for gun owners than the process already is (in order to discourage ownership, you see).

    2. Sometimes Obama’s narcissism expresses itself in really strange ways.

  2. Barack Obama, President from Goldman-Sachs-Boeing.

  3. Lockheed Martin is probably thrilled to hear it.

  4. So, 40% of Ex-Im Bank’s activity benefits Boeing and 25% benefits small businesses? where does the other 35% go?

    1. Graft.

    2. Liz Warren.

  5. How fucking stupid is Obama that he would say this out loud? Is it stupidity, though, I guess? Or just plain arrogance? I mean, it’s not like he has to worry about what he says. Nothing will happen. And he knows that.

    1. Arrogance. He is his own best speech writer, best policy analyst, etc. It feels good for him to say it, and he knows that 1) a bunch of people out there will defend him and praise his remarks, and b) criticisms will be forgotten by next week.

      1. Not holding people accountable is such a great idea.

        1. I blame Ford for pardoning Nixon. Now presidents know they can and will get away with literally anything.

          1. Except Nixon actually had to leave office. Things are much worse now.

  6. It’s been this way for years. At this point, 40 percent of Ex-Im activity benefits the airplane maker. Ex-Im Bank employees under President Obama have switched sides to take cushier jobs at Boeing, and in March, The Wall Street Journal reported on the intense collaboration and coordination between the two organizations to help write the regulations governing airplane loans through the bank.

    Yep, it’s pretty absurd. And I say that as someone who directly benefited from this arrangement since my dad has worked for Boeing at their soon-to-be defunct plant in Long Beach for almost 30 years.

    Guess I’m one of those stupid voters who votes against their own self-interest according to liberals.

    1. Guess I’m one of those stupid voters who votes against their own self-interest according to liberals.

      Otherwise known as someone with principles.

  7. He is also an excellent driver.

    1. Michelle lets him drive slow on the driveway. But not on Monday, definitely not on Monday.

      1. And he is always done in time for Wapner at 4.

        1. “Uh oh, fart!”

  8. This is becoming my stock response around here, but it’s not my fault that it applies to so many stories:

    What an asshole.

  9. He’s no slouch when it comes to selling guns, either.

  10. He may very well be the most interesting man in his world.

    Top Boeing salesman; most Jewish president; most transgender president; first wookie-tamer president; etc. What next?

    1. First third term president since FDR.

      1. First Emperor of the former Republic, Barakus Obama Telepromptulus, first of his name.

  11. Time to get out of Boeing stock if you have any. This might be a bit of careless arrogance. On the other hand, this is also the sort of thing I’d expect in the lead up to a squeeze (“We’ve done tremendous amounts to help them. We’ve been a supportive partner. We’re reliably on their side. THEY OWE US!”)

  12. Boeing may (*MAY*) count as ‘captured’.
    Obama is merely bought and paid for. There’s no capture involved.
    Not that this applies only to O; I’m not sure there’s anyone in DC that isn’t bought and paid for, in the most contempt-filled sense of the terms.

  13. He really does remind me of the Kim Jungs, with his completely deranged over-the-top narcissism.

    He just has to be the greatest at every thing. He and his odious wife really have to be the bride at every wedding.

    What foul creatures they are.

    1. Remember when Michael Jordan called him a hack golfer ? He couldn’t just let that go. He had to fire back with some snarky juvenile retort. If a world class athlete like Jordan is giving you some shit, I think most reasonably secure men would take it in stride. But not this thin skinned little shit. Nope, he’s a better athlete than Jordan. Your comparison to the Kims is apt.

      1. Hey, he probably would have been the Bulls’ PG if he just played college ball. He tells me he was that good.

  14. I only wish this clown actually WERE a salesman – Mitch and Murray would have canned his incompetent ass years ago.

    1. now that wold be a mission of mercy

  15. There’s an irony in here about his support from the progressives, capitalism, influence of money in politics. I’ll let the Democrats put the narrative together.

    1. “It’s okay when our side does it!”

    2. I’m sure the good folks at Cantwell’s office can straighten you out, but yeah, it’s what wtf said.

  16. Is he counting drones in his totals? His Plan seems to require a lot of those.

Please to post comments

Comments are closed.