Originally Posted By: cb450sc
I totally agree with you regarding the subsidies JOHNSON. However, we don't need to look any farther than Boeing who appears to be the subsidy master. Bombardier could learn a thing or two from Boeing in how to get government handouts:
"But there’s another story about subsidies in this intricate cross-border trade drama – and it is about Boeing. The U.S. aircraft manufacturing giant is among the top recipients of both federal, state and local subsidies in the U.S., according to a tally compiled by Good Jobs First, a Washington-based organization.
The company received $457 million in federal grants, which are typically non-repayable, between 2000 and 2014. In addition to that, there was a whopping $64 billion in federal loans and loan guarantees." Check out Good Jobs First for further info.
You may also be surprised to learn that Boeing received $15 Billion in state and local subsidies over that same 15 year period. Check out that same website for details.
About $100 billion or 36 % of the company's 2016 income came from Department of Defence. These military dollars are indirect help for their commercial business. (from the same website)
We currently have 47% C-17 more then what we need in inventory. If they invested that money in education we might not need to import 800,000+ engineers in next decade from other countries.
Do not get me start on ethanol.
I always find amusing how in this country everyone hates socialism, but love socialist policies.
I totally agree with you regarding the subsidies JOHNSON. However, we don't need to look any farther than Boeing who appears to be the subsidy master. Bombardier could learn a thing or two from Boeing in how to get government handouts:
"But there’s another story about subsidies in this intricate cross-border trade drama – and it is about Boeing. The U.S. aircraft manufacturing giant is among the top recipients of both federal, state and local subsidies in the U.S., according to a tally compiled by Good Jobs First, a Washington-based organization.
The company received $457 million in federal grants, which are typically non-repayable, between 2000 and 2014. In addition to that, there was a whopping $64 billion in federal loans and loan guarantees." Check out Good Jobs First for further info.
You may also be surprised to learn that Boeing received $15 Billion in state and local subsidies over that same 15 year period. Check out that same website for details.
About $100 billion or 36 % of the company's 2016 income came from Department of Defence. These military dollars are indirect help for their commercial business. (from the same website)
We currently have 47% C-17 more then what we need in inventory. If they invested that money in education we might not need to import 800,000+ engineers in next decade from other countries.
Do not get me start on ethanol.
I always find amusing how in this country everyone hates socialism, but love socialist policies.
