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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (438670)	12/5/2008 9:50:21 PM
From: tejek	Respond to of 1574187

Alabama (or most locations competing for large investment) subsidise initial set-up, not ongoing operations. Ongoing operations is what is supposed to bring return to the state on the initial subsidy The entire argument on this subject is strange. There is no similarity between Alabama and other states making concessions to attract jobs versus the Big 3 calling on taxpayers to fund outrageously high payments to UAW employees because the UAW has gained so much power it can effectively hold the companies hostage to their demands. They're two totally different things if you ask me. I'm not sure what kind of thinking it takes to connect these two unrelated subjects, but they've all jumped on it now. Maybe so but that's not what the comparison was originally. The comparison was ALA extending subsidies to land an industry vs the US loaning money to the US auto industry to keep them intact. From time to time, states and countries will support and even subsidize important industries. Its not unusual.