Despite the CBC and many of its commenters being biased to the liberal side, one useful way of probing public opinion is ranking the comments by "Most Recommended".
Read the story on the stillborn auto bailout for Ontario and you'll know the Tories are in for a nasty shock if they go through with the cash handout. You don't need to be logged on to CBC to recommend a comment, and despite the obvious allegations of double voting et cetera the top 20 comments being all explicitly against the bailout does ring a few bells. Many of them are also hostile to the trade unions.
Tories, drop this bail-out nonsense. The US side isn't delivering, and their unions are hostile to making any concessions. It isn't going to go through, and Canadian taxpayer dollars will be wasted.
My suggested course of action would be to strike out the bailout language and go through the banks. Have a board of bankers examine a regular loan application, and if they give the green light forward the banks the money to cover the commitment, with the banks themselves footing a proportion of the bill (15%, say). Otherwise we'll be seen as ready to squander money and go into the red. Not Tory-style, not cool, not wise.
Saturday, 13 December 2008
Bailout pothole
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2 comments:
Why are governments so ready to give away our money?? let the companies go bankrupt than maybe give loan guarantees, This is is just throwing good money after bad.
Completely agree, Luca; the CPC should drop this bailout nonsense immediately. Giving good money to ill-managed companies is just plain dumb. You can only get away with that sort of stunt in government. In the corporate world you lose your job.
Please see the post at my blog for what I think this says about the CPC.
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