If you're going to make a loan, make it to a politically sensitive company.
If it's going to go bad, hope it's in an election year.
Another $50m of our money spent to shore up votes, this time in the regions.
And what does the taxpayer get for it?
Nothing.
#auspol
If it's going to go bad, hope it's in an election year.
Another $50m of our money spent to shore up votes, this time in the regions.
And what does the taxpayer get for it?
Nothing.
#auspol
Comments
Why does the tax payer have to bail a non govt company out?
And this mentality has to come from the bail outs led by the US Govt over the last 20 years.
We should not have followed that lead.
I don't think governments should be throwing money to airline lenders.
Both can be true.
There's still the question of what routes should be flown and how much government funding should be tipped into it.
Take it in equity. Provide a service / solution and get a dividend return. Cash out and repatriate the $$ the regions.
Take a medium term punt instead of a cheap kick.