Boeing busts aren't a new thing in the Seattle area. My dad was involved in one in 1969 or so...that bust is where "will the last person leaving Seattle please turn out the lights" came from.
Exactly. I've been in the PNW since the mid-80's and Boeing issues are not unusual.
They are one of the largest military contractors (who supplies the country that spends the most on military), and it the only National aircraft manufacturer.
I feel for the people affected by this, but I don't doubt that Boeing will turn things around.