— September 28, 2017
The U.S. Commerce Department ruled that Montreal-based Bombardier sold planes to Delta Airlines below the cost of production.
— September 18, 2017
As a candidate, President Trump ran on the evils of unfair foreign competition.
— August 4, 2017
Government support for national airplane producers can come at a great cost.
— February 8, 2017
The federal government will provide Bombardier, a Canadian aerospace company, with interest-free loans totalling $372.5 million.
Question: If someone made $62,000 last year, had $187,000 in their bank account, and yet sought a $5,360 subsidy from government, what would the common sense response be?
Back in late 2011 after the Occupy Wall Street protests, Fiat-Chrysler CEO Sergio Marchionne gave a speech in Toronto to decry what he called the most inane displays of greed. The reference was to behaviour he had observed while serving on various company boards over the years.
In the land of government plentythat vast landscape populated with the tax dollars of Canadiansthere is no shortage of politicians willing to hand out and defend subsidies to business and no dearth of corporations willing to take the cash.
In his 1946 essay, Politics and the English Language, George Orwell argued that, political speech and writing are largely the defence of the indefensible. Orwells quip came to mind again recently after reading Bombardiers defence of taxpayer subsidies to business, this in response to my recent study on the matter.
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