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