If you were comforting yourself on April 15 that your forced commitment to corporate welfare was limited to U.S.-based companies, “Airbus Gains New Financing Ally in U.S.” (WSJ) will rain on your parade. By setting up a final assembly plant in Alabama, Airbus planes will now be eligible for taxpayer-subsidized financing.
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Is this the first time this happens? I’m thinking, for example, of companies like Shell.