Take the Money And Run

June 3 2008 : GM to close Oshawa plant

Canadian Feds Discuss GM Bailout

Federal government, Ontario agree on $3.3B auto bailout package





General Motors Corp. said on Tuesday it will shut down its pickup truck factory in Oshawa, Ont., and review whether to sell its Hummer brand as part of a sweeping strategic shift into cars as climbing gasoline prices kills demand for big passenger vehicles in North America.


That was june 3. They closed the plants.

Flaherty opened the newsday by announcing a $250m bailout of GM Canada. Except he didn`t call it a bailout. CBC reports the Flaherty will make money– set aside under an "environmental investment fund"– available to GM to help it pursue green technology.(june 5)


After they got a quarter BILLION dollars.

And now they're back for seven times that amount. 3.3 BILLION from Canada. Total is 3.5 billion this year only.

In exchange for which ... the plants are closed. Permanently. They're not coming back. GM itself issued a statement saying such.


But it acknowledged its overall footprint in Canada may shrink. GM said it may eventually be forced to repay some of the $435-million in financial assistance it has received from the Ontario and federal governments over the past several years if it breaches conditions on maintaining employment required by those agreements. Dalton McGuinty, the Ontario premier, said an initial reading of GM's position by his officials suggest some payback will be required. (jun 3)


ok. We'll give you some of that back , as little as we can , and we'll take 3.3 billion more.

This is what happens under a liberal government, a government that happily accepts donations from big business. Big Business rules the rooste, takes all your tax paying money , and plicks off and you never get a dime back.

Thats what the liberals are all about.