A Victim of the Iran Nuclear Deal

Executive Summary:

– On Tuesday, May 8, the Orange Dotard pulled the United States out of the Iran Nuclear Deal.

– Sarkes could be a victim.

Thanks to Sarkes Corner Contributor and St. Louis friend Betty Wucher for this devastating story out of St. Louis, MO.

Subscribers to Sarkes Corner know that Sarkes retired from Boeing. And while The Goldilocks has viciously attacked Boeing over the years, Sarkes has maintained a Fair and Balanced, Unbiased, position when reporting on stories affecting Boeing.

Boeing is:
– the largest Aerospace Company in the WORLD
– the number 1 exporter, by dollars, of goods out of the United States
– a firm with Uuuuuuuge Engineering Intellect and Acumen and Strong Leadership like Sarkes
– has Plants and Suppliers in ALL 50 United States

One would think that the Orange Zest would do anything and everything to protect a fine firm like Boeing that contributes so much to the American Economy.

But Noooooooooooo. On Tuesday, May 8, the Golden Arches pulled the United States out of the Iran Nuclear Deal. In doing so, Boeing could lose $20 BILLION, thats BILLION, in Commercial Aircraft sales to 2 Iranian airline companies.

Boeing’s loss will be Airbuses gain. You know Airbus, that European Consortium that produces Commercial aircraft that are subsidized by the European Union. Airbus does not need to be efficient or be accountable to Shareholders, they need only to pump out airplanes that are paid for by European Governments. But Sarkes digresses, back on Point.

“Many People Say” Sarkes, could there be anymore victims from the US pulling out of the Iran Nuclear Deal?

Sarkes says – “You betcha”. Sarkes could be a victim.

With the lost 20 BILLION dollars in sales of Commercial aircraft to Iran, Sarkes could be a victim. At risk is Sarkeses Pension and Sarkeses Portfolio. Could Sarkes and Chris be one step away from the Poor House?

But Sarkeses losses do not end with Sarkes and Chris. As you know, Sarkes Corner is a Free Publication for the masses. Sarkes bears all Production Costs and payroll expenses for the Sarkes Corner Staff. The may end soon. Sarkes may be forced to start charging a Subscription Fee for Sarkes Corner. This is REVERSE TRICKLE DOWN.

If that happens, you can blame the Orange Julius, Sarkes can only do so much.

From CNBC:

President Donald Trump announced Tuesday he will withdraw the U.S. from a nuclear pact with Iran , a move that threatens Boeing’s multibillion-dollar deals to help restock the aging Iranian commercial air fleet. 

The world’s largest aerospace company has agreements to supply Iranian airlines with planes worth roughly $20 billion, based on list prices.

Shares of Boeing were down 0.3 percent in afternoon trading.

In 2016, when it announced the Iran Air deal, Boeing said such an order would support 100,000 U.S. jobs.