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'Bridge to Microsoft' Gets Federal Stimulus Funds

theodp (442580) writes | more than 5 years ago

Microsoft 2

theodp writes "Among the first to benefit from the investment in roads and bridges through Obama's stimulus plan is Microsoft, which has $20B in the bank. Local planners have allotted $11M to help pay for a highway overpass to connect one part of Microsoft's wooded campus with another. Microsoft will contribute almost half of the $36.5M cost; other federal and local money will pay the rest. 'Steve Ballmer or Bill Gates could finance this out of pocket change,' griped Steve Ellis of the Taxpayers for Common Sense. 'Subsidizing an overpass to one of the richest companies in the country certainly isn't going to be the best use of our precious dollars.' Ellis called the project 'a bridge to Microsoft,' alluding to Alaska's infamous 'Bridge to Nowhere'."

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No money in the bank. (1)

twitter (104583) | more than 5 years ago | (#27201401)

I agree the bridge has no public value, but M$ does not have $20 B in the bank anymore and has been granted far more public tax money as a result of the "bailouts" [] . They had $20B six months ago or so, but have been burning through their cash at a furious and accelerating rate. Recent job cuts don't make up for Windows and Office revenue declines. Banks are major revenue sources for M$, so bank bailouts are a major indirect subsidy for M$.

Re:No money in the bank. (0)

Anonymous Coward | more than 5 years ago | (#27202737)

Translation: I think this is true, therefore it is. Facts are hard, let's go shopping!

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