The federal government will provide Bombardier, a Canadian aerospace company, with interest-free loans totalling $372.5 million.
In the land of government plenty that vast landscape populated with the tax dollars of Canadians there is no shortage of politicians willing to hand out and defend subsidies to business and no dearth of corporations willing to take the cash.
Back in 1962 John F. Kennedy had been president of the United States for one year, four lads from Liverpool were about to hit it big in the music world, and a Saskatchewan lawyer, John Diefenbaker, was in his fifth year as Prime Minister of Canada.
In retrospect, 1962 was also notable for another reason: it was the start of a trail identifying corporate welfare recipients, many of whom have sought subsidies from the federal government ever since.
The well-known quip - The definition of insanity is doing the same thing over and over again and expecting different results - is often attributed to Albert Einstein or Mark Twain. Accurate attribution has never been confirmed.