The governments of Canada and Ontario are in advanced negotiations to provide unprecedented bankruptcy financing for the Canadian operations of General Motors Corp. and Chrysler LLC.This vote buying boondoggle disgusts me. We're paying a bankrupt, foreign companies billions to keep producing crappy cars in Ontario, built by financially unsupportable, unskilled labour. Talk about pissing money down the drain. Throwing good money, after bad. Pardon me, while I take a few aspirin and lie down.
According to people familiar with the matter, federal and provincial officials are in the final stages of discussions with the U.S. Treasury and senior auto executives toward a contribution of as much as $6-billion (U.S.) for unique cross-border financing that would see GM and Chrysler through the initial phases of creditor protection.
Ontario is the new Quebec.
Bailouts never work. This is a nightmare happening right before our eyes.
ReplyDeleteBah! If I were Harper I would have seen the writing on the wall since the new year. He's doomed no matter what he does. I then would have engaged in the scorched earth policy and attempted to enact true conservative policies. No bailouts, no stimulus, cut taxes, etc... He might as well go down swinging. Too bad...
ReplyDeleteYea, what is the point of voting Conservative? This is an NDP policy. Harper is now a Marxist.
ReplyDeleteThe public support is against the auto bailout, so Harper is also ignoring the polls.
Harper has done a 180 turn, on everything he stood for.
This is such a terrible blow for the Conservative movement in Canada. We already had the Mulroney talk the Thatcher/Reagan talk, but just tax and spend and feed Quebec pork barrel politics. Now Harper a former leader of the National Citizens Coalition, is more socialist then the former Liberal government. It`s over. Canada will always be a socialist liberal bastion. They win. Your choice now is to become a high income civil servant, or move to a low tax country, that welcomes business.
ReplyDeleteNow Harper a former leader of the National Citizens Coalition, is more socialist then the former Liberal government.
ReplyDelete---> It's sure looking that way. Like you say, it's a terrible blow.