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Old 6th Sep 2004, 15:08
  #114 (permalink)  
panda-k-bear
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Join Date: Dec 2001
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Dear Lord, VP, have you not read any of this?

The "direct subsidy" is a form of loan guarantee - it is repaid with interest but at a reduced interest rate.
The military spending provides a cross feed into Boeing, as does NASA research. I dare say that Airbus has something similar but given the European level of defence spending it must be substantially less - and there is no equivalent of NASA.

But look at the current press - talk about hypocrisy! Airbus shouldn't have government subsidy, but Japan getting subsidy from their government for American engine work (GEnx) doesn't count!

That there level playing field's got one hell of a slope, Elmer! An' it's goin our way.....
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