November 28, 2018

(WATCH) Government can't and shouldn't stop GM closures

Rebel Staff

Although the loss of thousands of automotive jobs in Oshawa, Ontario, is tragic, Andrew Lawton of True North Initiative explains why it's dangerous to think politicians can or should stop GM from shutting down.

It's not the government's job to decide which industries succeed and fail. Proposals to bail out or nationalize the auto industry will only make things worse.

Comments
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commented 2018-11-29 07:30:19 -0500
Jamie said, “GM has been screwing Canadian taxpayers for generations.”

How? By making a product and selling it?

Please be specific because at the moment that statement reeks of socialism.
commented 2018-11-28 20:39:32 -0500
So The Governments of the U.S. and Canada shouldn’t wag a finger at this you say. So they Bail these clowns out for billions of Dollars in 2007 yet GM throws them under the bus now. Sorry you are absolutely wrong on this and I hope Trump whacks them harder then they’ve ever been hit before. Tax the Sh(t out of them for wanting to move their markets back to China and Mexico.
commented 2018-11-28 18:16:37 -0500
GM has been screwing Canadian taxpayers for generations.

Pity there hasn’t been a government – Conservative, Liberal, or NDP – that has had the balls to say eff off long ago.

Just another Corporate Welfare Whore like Bombardier….and now Torstar and Post Media.
commented 2018-11-28 14:43:10 -0500
This isn’t a free market insofar as Trudeau has skewed it and gov’t does have a role to play.
Trudeau is skewing the free market with carbon taxes and a war on fossil fuels.
The government’s role should be to encourage the export of ethical Canadian oil thus making it more enticing to continue building the GM trucks that Alberta energy companies and workers buy.
commented 2018-11-28 14:00:57 -0500
I’ll bet junior forgave the loans because he wanted them to have an incentive to leave.
commented 2018-11-28 11:52:44 -0500
Not that it was a great idea when Harper did it, but it was a different time with different circumstances completely out of the governments control. Not to mention the fact that Harper made GM make repayments and they paid back all but 3.7 billion of the 14, when Trudeau got in and forgave the loan, leaving taxpayers with a perpetual hole in their pockets.
This time, Justin keeping Canada competitive would have gone a long way to keeping companies from leaving. There is absolutely no appetite or point in trying to bribe them to stay with our money. They said they will leave regardless.
commented 2018-11-28 11:34:08 -0500
It is too late for the government to do anything! What they should have done is to, impose regulations on the bailout tax-payers fund, that is, put in writing the clause that this bailout is to provide employment for the next ten years or the term of the repayment of the bailout. Example, bailout payments over ten years then, that is the period of time the employer has to provide extended employment. If they don’t comply, cease the companies assets in Canada, until the funds are repaid if FULL
commented 2018-11-28 09:03:38 -0500
turdo has no concept of business. Vote rich Ont. oh no I thought it was just those racist Alberta. Business has to be accountable to the owners. turdo is not accountable to the Canadian people or he would be charged with treason and crimes against the Canadian people.
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