Monday , September 23 2019
Home / Mercatus Center / Airbus' Alabama Plant Is for Building Political Capital, Not Planes

Airbus' Alabama Plant Is for Building Political Capital, Not Planes

Summary:
Alabama politicians just gifted European aerospace giant Airbus a  million subsidy package to assemble airplanes in Mobile. That’s on top of a previous 8 million taxpayer-financed handout for another Airbus plant. The notion that a company with a billion market cap can’t assemble planes without assistance from state taxpayers simply doesn’t fly — but special treatment for privileged corporations is, of course, all too common across the United States. Airbus’ decision, meanwhile — which actually seems based on winning over Washington policymakers rather than Alabama’s subsidies — is worth a deeper look... Continue reading: Airbus' Alabama plant is for building political capital, not planes Photo credit: Airbus - Schwarzbild Medienproduktion - Max Thum

Topics:
Michael Farren, Tad DeHaven considers the following as important:

This could be interesting, too:

Wolf Richter writes Asset Class of Vintage Cars Drops into Bear Market, Down by More than in 2008/2009

Tyler Durden writes Insane And Ill-Advised: Trump’s Future War With Iran, Part 2

Tyler Durden writes “What Were You Like At 17?”: Bill Maher Defends Brett Kavanaugh In Fiery Exchange With Guest

Tyler Durden writes South Korean Exports Collapse 21% – Biggest Drop In A Decade

Alabama politicians just gifted European aerospace giant Airbus a $26 million subsidy package to assemble airplanes in Mobile. That’s on top of a previous $158 million taxpayer-financed handout for another Airbus plant.

The notion that a company with a $76 billion market cap can’t assemble planes without assistance from state taxpayers simply doesn’t fly — but special treatment for privileged corporations is, of course, all too common across the United States.

Airbus’ decision, meanwhile — which actually seems based on winning over Washington policymakers rather than Alabama’s subsidies — is worth a deeper look...

Continue reading: Airbus' Alabama plant is for building political capital, not planes

Photo credit: Airbus - Schwarzbild Medienproduktion - Max Thum

Leave a Reply

Your email address will not be published. Required fields are marked *