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Tax payers bailing out Bombardier

Tax payers bailing out Bombardier

 After giving the company billions in taxpayer funded assistance the company is now laying off thousands and is still having the gall to ask for more handouts.

http://globalnews.ca/news/3017508/bombardier-announces-2000-job-cuts-in-...

 

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My question is, how does a company that started out as a small, family owned manufacturer of snowmobiles from their back yard in the late 1940s diversify and expand within decades of formation into being a massive multi-billion dollar global train manufacturer and aerospace giant employing over 70,000 workers worldwide? For the last thirty-five years, the Federal government has been steadfast in its committment to cutting back on funding for social programs. When you look at Bombardier's meteoric rise to global prominence within that very same alarmingly short time span, it isn't hard to see where much of those federal tax dollars were most likely reallocated to. I believe that these recent government bailouts are just the tip of the iceberg on Bombardier's long and massive subsidization legacy.

As Rocky always ended up saying when Bullwinkle was going to pull a rabbit out of his hat.... AGAIN?

 

As a Torontonian, I can't help but to view Bombardier's struggles through the lens of our new streetcars, most of which haven't been delivered.

If the pizza place that didn't deliver the pizza you ordered were to experience "financial problems", might you be tempted to point out that if they need money, they could have delivered your pizza as promised, and you'd have given them some?

And how many Torontonians were laid off when they shut down the Toronto business jet plant and relocated their manufacturing facilities to Mexico?

I think I just wandered into the Canadian Taxpayers' Federation discussion board.

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