gas over $4 is here! is $5 gas far behind ?
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From: Bill Bonde ( 'Hi ho' ) on 20 May 2007 13:41 Eeyore wrote: > > Joe the Aroma wrote: > > > A government loan is a subsidy. > > A loan is a loan. > That's a remarkably reflexive comment, it is. You should consider that a loan at a lower than market rate by the government is by definition a subsidy. Governments give students student loans that they might not otherwise be able to get or might only get at higher interest rates as a means to subsidize their higher schooling. > > You think that the government would seize their assets and shut Airbus down if > > they defaulted? > > Governments don't do that in the USA either. > If the company borrowed from Joe Bank, why wouldn't Joe Bank take over the company and sell its assets (or whatever) if it defaulted? Certainly that's happened enough to Joe Farmer to make it not write home about it news, has it not? Ever read "The Grapes of Wrath"? -- "There are some gals who don't like to be pushed and grabbed and lassoed and drug into buses in the middle of the night." "How else was I gonna get her on the bus? Well, I'm askin' ya.", George Axelrod, "Bus Stop"
From: Bill Bonde ( 'Hi ho' ) on 20 May 2007 14:22 Eeyore wrote: > > "Bill Bonde ( 'Hi ho' )" wrote: > > > Eeyore wrote: > > > "Bill Bonde ( 'Hi ho' )" wrote: > > > > > > > Airbus is a subsidized company > > > > > > Wrong. It's a commercial company just like Boeing. > > > > Of course it is "commercial", it's also subsidized. > > It's not subsidised. If you're going to make that claim you'll have to provide evidence of > subsidy. > You acknowledge below market loans from the government. -- "There are some gals who don't like to be pushed and grabbed and lassoed and drug into buses in the middle of the night." "How else was I gonna get her on the bus? Well, I'm askin' ya.", George Axelrod, "Bus Stop"
From: Bill Bonde ( 'Hi ho' ) on 20 May 2007 14:23 Eeyore wrote: > > "Bill Bonde ( 'Hi ho' )" wrote: > > > Boeing competes for its military contract sales. > > Airbus describes them as 'pork barrel contracts'. > What does Boeing's commercial division have to do with its military division? -- "There are some gals who don't like to be pushed and grabbed and lassoed and drug into buses in the middle of the night." "How else was I gonna get her on the bus? Well, I'm askin' ya.", George Axelrod, "Bus Stop"
From: Bill Bonde ( 'Hi ho' ) on 20 May 2007 14:24 Jeffrey Turner wrote: > > Eeyore wrote: > > "Bill Bonde ( 'Hi ho' )" wrote: > > > > > >>Boeing competes for its military contract sales. > > > > Airbus describes them as 'pork barrel contracts'. > > Boeing has congressmembers on payroll, so they'll get contracts. > It took a huge dust-up in 2002 (?) to keep the gov't from leasing > tanker planes from Boeing when it was *much* cheaper to buy them. > The idea was to pay for them over a number of years in a lease arrangement and reduce the upfront costs.
From: Bill Bonde ( 'Hi ho' ) on 20 May 2007 14:25
Eeyore wrote: > > Jeffrey Turner wrote: > > > Eeyore wrote: > > > "Bill Bonde ( 'Hi ho' )" wrote: > > > > > >>Boeing competes for its military contract sales. > > > > > > Airbus describes them as 'pork barrel contracts'. > > > > Boeing has congressmembers on payroll, so they'll get contracts. > > It took a huge dust-up in 2002 (?) to keep the gov't from leasing > > tanker planes from Boeing when it was *much* cheaper to buy them. > > Exactly the kind of thing that Airbus means. There's a closer watch on that form > of intrinsic corruption in Europe. > 1) The lease didn't happen. 2) It's the military division, although it was military version of their commercial aircraft. 3) Boeing's commercial division has to make a profit or why have it? |