Kev3188
Veteran
WorldTraveler said:SMS actually used to mean Special Members Services.
absolutely wrong... but you would never admit it.
DL REPAID the loans in full in exchange for being released from the obligations to maintain a certain level of employment.
They repaid the loan because it was one of the highest interest rate loans which DL inherited from NW.
now tell me again, one of you two, how much did NW receive in MN funding to build facilities including DLH which they subsequently closed?
DL has not taken one dime of MN money for which it has not held up its obligations.
because other states are willing to provide similar funding to attract those jobs elsewhere. MN can either do the financial calculations which show that the investment was worth it to create and maintain jobs or lose it to some other state. IF MN is willing to give forgivable loans for POSSIBLE job creation, then perhaps the MN people should be the ones who are upset. Were there marches at St. Paul today?
I believe another rust belt state (WI) was the topic of loan guarantees to a certain large automaker in the presidential campaign. perhaps you can refresh us on those details.....
and dozens of others... like the new Airbus plant that is being built in Mobile with - hold your breath - taxpayer incentives.
And the really galling part (I'm sure in your mind) is that Delta Air Lines will actually be buying aircraft built at that plant.
But it's not just the Europeans that know how to find the money. Georgia's other neighbor has shelled out money for a Boeing assembly plant too, IIRC.
Maybe AA will be doubled damned by buying planes built at BOTH plants.
It's the way the world works....
BTW, have you polled MN citizens (presumably not you) on their thoughts on subsidizing a ONE BILLION DOLLAR stadium for the Vikings?
You do realize that the Vikings don't even pay their $4M/year rent on the stadium anymore, don't you?
Stadiums & airports aren't relevant examples, and DL isn't seeking a break to build an Airbii factory. The IRC is not a public use facility. If you were talking about an off site corporate facility for the Vikings, we might have an interesting comparison.
If the calculus is "pay for this or we're moving to XXX," then it's an even less ethcial move on DL's part than I've been giving them credit for. Blackmail and good corporate citizenship don't go hand & hand.
And again; just because a company /can/ do something doesn't mean it should.