@Mostly Harmless, amen!
The case for solvent business enterprise which can survive without govt. handouts is solid, the case for BBD is not close to sound in it's current form.
I also was one who complained heavily when the auto manufacturers were bailed out. What has happened to those jobs since? Many have since left for the nether regions never to return.
@ Willie, Every business with a good product which can survive without a govt. handout is penalized by having some of their taxes used to reward (in this case) bad decisions and risks beyond the ability of the business to mitigate. BBD has in 2 generations of the nepotistic family control, gone from a small business making recreational products to a rail & aerospace conglomerate. The story would be far more convincing if the hands out to the taxpayer were not an integral part of their business model. If their business model was sound enough, capital could be raised without the need for govt. involvement. The composition of their board says far more about the prospects than many can fathom, if you need a career Liberal (past auditor) with zero aerospace knowledge and many family members who also have zero real world aerospace credibility, your business model may be flawed. But hey, the economy will take care of itself, albeit at 300% more deficit than a certain trust fund, teacher campaigned on not too long ago! 1 & done, the mess from this kid will take a decade or 2 to undo.