Your Tax Money at Work

[wkbam1690]

Ibiquity Gets Maryland Loan

http://www.radioworld.com/pages/s.0121/t.12200.html

 

[wgliradio]

This isn't a bad deal because Ibiquity has to keep the jobs thru 2013. I wonder what happens in the deal when they go bankrupt, which may happen before 2013.

 

[KB1OKL]

Our government loves to throw money at failed projects, they also bankrolled a lot of the iBlocked NPR stations. Imagine that, $250,000 for 100 listeners, what's that work out to, 2500.00 per customer?

 

[vsa]

Typical of government these days. More corporate welfare.

I suppose when iBiquity eventually faces bankruptcy, they'll turn to the Federal Reserve for a bailout.

 

[calstymes]

wkbam1690 informed:

Ibiquity Gets Maryland Loan

wgliradio pondered:

This isn't a bad deal because Ibiquity has to keep the jobs thru 2013. I wonder what happens in the deal when they go bankrupt, which may happen before 2013.

KB1OKL calculated:

Our government loves to throw money at failed projects, they also bankrolled a lot of the iBlocked NPR stations. Imagine that, $250,000 for 100 listeners, what's that work out to, 2500.00 per customer?

vsa predicted:

Typical of government these days. More corporate welfare.

I suppose when iBiquity eventually faces bankruptcy, they'll turn to the Federal Reserve for a bailout.

Ah, it's getting tough out there! If iBiquity doesn't get that public offering going there is going to be lots of 'splaining to do, Lucy! Lots o' peoples are going to be awfully upset with them.

 

[kenglish]

That stuff happens all the time. Businesses promise the world (jobs, taxes, etc) in exchange for a big loan from the local government. (Believe me, I've seen it many, many times in my old home town).

Now, I just wish they would start giving some money to us engineers, so we can stay in the game.

 

[Chuck]

Has it occurred to anyone that, in government terms, $330,000 (total) is not a lot of money? If things are that tight at Ibiquity, they are in real trouble.