The Canadian Government Should Not Help The Automakers
As much as I hate the fact that the automakers are pushing the US Government for over 30 billion dollars, I’m more concerned what the Canadian Government will do.
If the Canadian Government ends up giving the automakers any amount of cash it might help for a brief period but what are the conditions? One of the specific conditions I am curious about is whether or not the money will need to be refunded if one of the companies pulls out of Canada. I sure hope that the Canadian Government is smart enough to put a clause in the contract that requires these companies to keep a presence in the country. If they take the bailout money and then close a bunch of Canadian manufacturing plants and/or other related services what’s the point? How does that benefit Canadians? What if they pull out of the country all together? Does that mean they get to keep the money? I sure hope not!
I think this money would be better spent on retraining and strengthening other markets that are still doing ok. Maybe we could even use some of that money to streamline government services to help everyone.
There have been over 60,000 jobs cut in Ontario alone in the past few months, that’s the most since the great recession of the 80’s. Maybe this money could help those people find new jobs and get a new education.
Please don’t spend the money on executives who fly around in corporate jets. We shouldn’t take pity on people who live a lifestyle that most of us will never have a chance to live.



