"Do you realize that BMW and Daimler Chrysler also received tax breaks/holidays to build factories in South Carolina and Alabama? Toyota received them from Kentucky?"
yes, i do. and this translates to:
some federal states of america are subsidising national and international companies. and in the case of boeing, this is about to happen in a very drastic way.
interestingly enough, using tax-payers money to subsidize jobs that would not be created without such subsidies is a quite "socialistic" take on economy.
"You are kidding yourself if you actually think there is a real likelihood that Airbus will pay back A380 loans. They sold quite a few at launch prices. It will take them a long time to reach break-even. Airbus has all the incentive and all of the opportunity in the world to defer profits long enough to avoid paying a $ 3 billion loan. That is a gift. A giveaway."
who is kidding. we just learned that washington is offering 3.2 billion dollars for free, not as a loan, to subsidise boeing for building the 7e7 in washington. and you are blaming the EU to give a repayable loan of 3.0 billion us $ to AI
. i agree that AI
will do anything to prevent the repayment. but actually they are repaying loans right now. so there is a chance that the money will flow back.
is there a double standard or not?
sometimes, things arent what they appear to be at first glance. this is true for almost everything. perhaps this also applies to US politics and economy. think about it. although "e pluribus unum" is a heartly accepted motto, maybe the US arent that much unique and morally superior on some dimensions.
[Edited 2003-08-21 17:41:31]