Canada Now Bailing Auto Companies Out - $4.2 billion
cnews.canoe.ca
Canada may add $4.2B to auto bailout
By Kristine Owram, THE CANADIAN PRESS
TORONTO - With an American promise of massive aid for General Motors and Chrysler, Canada could be on the hook for a $4-billion-plus rescue package of its own, with the possibility of tens of billions of additional federal and provincial dollars down the road.
The federal and Ontario governments promised last week to match one-fifth of any U.S. bailout, in proportion with Canada's share of North American auto production.
Here's my questions:
Where's my money? I'm in business. I've seen hard times! I've bailed out myself. Where's my money.
Where's money for Saskatchewan companies, and British Columbian companies, and companies also from Alberta, Manitoba, Quebec, Newfoundland, New Brunswick, Prince Edward Island.??
Here's my other question:
Where is the Canadian federal government getting money for this bail out?
How are they justifying this type of bail out?
What's good for the auto workers is good for my business. I would like money too. And so would every other business owner in Canada.
$4.2 billion divided by 10 provinces is $420 per province. I'm sure the companies in each province would like a chunk of that money.
WHERE IS THE FEDERAL GOVERNMENT GETTING THE MONEY?
Did I ask already where the federal government is getting that money?
Is the Canadian federal government going to ask for all of the guarantees that the U.S. government is asking for?
MY HUMBLE OPINION
It is just my quick opinion.. if the auto companies in Canada receive a $4.2 billion bailout, then the federal government should do so with out running a deficit, and as well give another $4.2 billion to other Canadian businesses who need it.
Canada DOES NOT need to start deficit spending like the U.S. We've been good with our money, and paying down the federal debt until now. We don't need to do reckless and out of control spending like the U.S.
Check out this blog article thier.ca - on auto bailout
