Should Canadian Gov. Pays auto industry bail-out?
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- pinkerbelle
- added this
I guess since the US government isn't giving money to the auto industry, they've come crawling to the Canadian government. The Canadian government has agreed on a conditional bailout of C$3.5 billion ($2.8 billion US).
Agree or disagree with the American auto industry asking the CANADIAN government for bailout money? Ontario is the only province that has a big auto industry, it is assumed that if the auto industry falls, there will be over thousands of jobs that will be lost in Ontario alone. Although it is highly beneficial for Canada to give some money into the auto bailout, there are chances that these companies would fail regardless of the money since they aren't popular choices anymore--they produce inefficient cars that pollute the environment, on top of that American cars have a reputation of not being built properly which gives a lot of problems to the owners. To restate my question: given the possibilities, is it going to benefit the Canadian government to provide a bailout package for the American auto industry?
Agree or disagree with the American auto industry asking the CANADIAN government for bailout money? Ontario is the only province that has a big auto industry, it is assumed that if the auto industry falls, there will be over thousands of jobs that will be lost in Ontario alone. Although it is highly beneficial for Canada to give some money into the auto bailout, there are chances that these companies would fail regardless of the money since they aren't popular choices anymore--they produce inefficient cars that pollute the environment, on top of that American cars have a reputation of not being built properly which gives a lot of problems to the owners. To restate my question: given the possibilities, is it going to benefit the Canadian government to provide a bailout package for the American auto industry?
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- tags:
- Economy, Government, Auto Bailout, Big 3, 2 more
