Wednesday, November 26, 2008

Eclipse Aviation: The Drinking Game

"I'm cautiously optimistic," said Albuquerque Mayor Martin Chávez, who stressed the purpose of the bankruptcy is to keep the company operating. As long as the company continues, he said, "They're so heavily invested here, they can't leave. (blogger emphasis) Those employees will keep earning their paychecks." --from "Jet Maker Files For Chapter 11 In Hope of Staying Alive", Richard Metcalf, Albuquerque Journal 11.26.08
No, Mayor, you're so heavily invested politically in Eclipse you can't see straight. Meanwhile, we're so heavily invested as taxpayers that you're hoping we keep drinking the BS Kool-Aid you're serving.

Yummy, yummy. I think the floating turd makes it taste even better, don't you?

While in the reality-based world aviation analyst Richard Aboulafia is quoted as saying:
"It beats Chapter 7 (liquidation bankruptcy) and it buys them a little time to find more people who enjoy throwing their money away."
and then there's this:
As for New Mexico's $19 million investment in the jetmaker, State Investment Council spokesman Charles Wollmann said $5.6 million is secured debt and thus expected to be repaid. The rest probably will disappear.
Better throw some vodka into that Kool-Aid to "liven" it up, Mayor. It, like Eclipse, is tasting kinda dead to me.

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