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Lucylastic -> RE: AIR FORCE ONE (12/8/2016 4:58:44 PM)
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Karl Rove...."There is no contract for $4 billion, there’s a contract for $170 million," Karl Rove said. "What he did yesterday was he de-stabled the stock a major American company. That stock is held by millions of Americans."
GOP strategist Karl Rove is criticizing President-elect Donald Trump for his recent comments about Boeing's contract for a new Air Force One plane, saying they were inaccurate and hurt innocent stockholders.
“He said something that was not accurate that had a negative impact on that stock, namely that there was a $4 billion contract,” Rove told Fox News’s Bill Hemmer on “America’s Newsroom” Wednesday.
"There is no contract for $4 billion, there’s a contract for $170 million. There is no $4 billion contract," he continued. "The impulse — that we want to save the taxpayers money — that’s admirable. But this was fire, ready, aim in my opinion.”
Rove said Trump's actions also hurt Boeing stockholders.
“What he did yesterday was he de-stabled the stock of a major American company,” he said. "That stock is held by millions of Americans."
“Now, it’s not just a bunch of executives in Chicago or a bunch of management types sitting in Charlotte, N.C., or Seattle, Wash., where they have their management facilities,” Rove added of Boeing.
“[It’s held by] pension funds, by university endowments, by ordinary people who’ve invested in Boeing. There’s one elemental thing a president ought to keep in mind, which is the power of his words, and therefore, the accuracy of his words.”
Trump on Tuesday ripped Boeing over the cost of a new Air Force One plane, calling for the contract to be canceled.
“Boeing is building a brand new 747 Air Force One for future president, but costs are out of control, more than $4 billion,” he tweeted. "Cancel order!”
Boeing responded by insisting its contract is actually for $170 million, far less than Trump claimed.
“We are currently under contract for $170 million to help determine the capabilities of these complex military aircraft that serves the unique requirements of the president of the United States,” it said in a statement.
The Pentagon announced in January that Boeing had won a contract to replace the current Air Force One planes.
The initial contract was worth just $25.8 million, but the Air Force planned on spending as much as $1.65 billion on the project, according to Reuters
http://thehill.com/homenews/administration/309231-gop-strategist-trump-not-accurate-on-boeing
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