BUSINESS REPORT: Once again corporate welfare will end up costing taxpayers

If businesses can’t survive on their own, then government has no right to get involved.

This was proven yet again with the failure of Bombardier’s C-Series jet to succeed.

With the ‘no out of pocket cost’ deal by Airbus, the C-Series could now sell hundreds if not thousands of planes.

However, Canadian taxpayers may never recoup the $4.1 billion that the Quebec and Federal government doled out over the years to keep Quebec voters happy.

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And with an Airbus plant in Alabama that produces aircraft at a fraction of the cost to do so in Quebec, the idea that jobs will stay in Canada in any meaningful way may just be a pipe dream.

As the Globe’s Mark Milke so aptly puts it, “there’s one positive in all this: The Bombardier-Airbus deal finally rips away the pretense that corporate welfare is about domestic job creation.”