“They’re going through another round of financing, and credit markets are very tight right now. I really expect this will be a short-term negative impact, and then they’ll back and everything will go forward as planned.”
OPTIMISM, n. The doctrine, or belief, that everything is beautiful, including what is ugly, everything good, especially the bad, and everything right that is wrong. It is held with greatest tenacity by those most accustomed to the mischance of falling into adversity, and is most acceptably expounded with the grin that apes a smile. Being a blind faith, it is inaccessible to the light of disproof — an intellectual disorder, yielding to no treatment but death. It is hereditary, but fortunately not contagious.
Stick a fork in Adam Aircraft, gentle readers; they're done. Despite the rosy optimism expressed in our home town newspaper as recently as two days ago, we now have a report that the financially-troubled Ogden Airport airplane manufacturer has filed a bankruptcy petition, seeking liquidation under the provisions of Chapter 7 of the U.S. Bankruptcy Code.
The Denver Business Journal broke the story yesterday in its online edition.
Suggested moral of the story: When it comes time for Dave Harmer (or any of Boss Godfrey's cronies) to resort to expressing irrational optimism, it's also time for the lumpencitizens to become extra nervous.
Write it down so you don't forget it, gentle readers. This is a lesson we'll no doubt need for the future, as the Godfrey administration's grand plots and schemes continue unravelling one by one.
Update 2/20/07 9:11 a.m. MT: The Standard-Examiner also provides a good writeup this morning, in which Scott Schwebke reports that Dave Harmer's mood has been downgraded from "optimistic" to "hopeful."
