November 27, 2018

GM closes Oshawa plant despite massive auto bailout

Ezra LevantRebel Commander

On last night's episode of The Ezra Levant Show, I reported on General Motors announcing the closure of all operations in their century-old plant in Oshawa, Ontario.

Let me read to you a line that I haven’t seen in the CBC, or CTV, or any other Canadian media outlet:

Canada’s auto industry, which is concentrated in southern Ontario, has shrunk over the past decade, as more factories moved to the southern U.S. and Mexico where labor costs are cheaper. Canadian policy makers had hoped the United States-Mexico-Canada Agreement—reached in late September with provisions requiring more work be done by higher-wage workers—would help the domestic industry. Today, Canada is among the most expensive countries in the world to build cars and the highest-cost market for car assembly in the North American free trade zone.

Exactly.

And do you think that’s going to get better or worse when Justin Trudeau’s national carbon tax kicks in fully?

GM isn't the only company in the news:

Bombardier said about 3,000 jobs will be cut in Canada, with the majority of those in Bombardier’s home province of Quebec and 500 in Ontario.

Like Bombardier, GM was the recipient of tens of billions of dollars in taxpayer largesse — and in fairness, Stephen Harper was part of that decision a decade ago, as part of the massive auto bail-out, done in conjunction with Barack Obama, and the province of Ontario.

And much of that bailout money has just quietly been written off.

Just months ago, we forgave GM a massive debt — and then they shut down their Oshawa plant.

Maybe there’s no way to have kept them here; but when the feds gave $10 billion to the auto industry a decade ago, and Ontario taxpayers gave billions more, surely there was a quid pro quo?

WATCH my video to see why Buzz Hargrove, former President of the Canadian Auto Workers, thinks this is a sign that "Trump's strategy is working beyond belief."

Comments
You must be logged in to comment. Click here to log in.
commented 2019-01-16 01:53:34 -0500
Screw General Motors. Buy a car from the competition. General motors makes cars that are garbage anyways. I would rather buy a twenty year old Japanese car than be given a new general motors car for free.
commented 2018-11-28 08:15:32 -0500
The bailout loan was forgiven by Sir Trugrope a couple of months ago. He shouldn’t have forgave GM but he did.

Other government loans, concessions and development grants must also be repaid before GM skips town.

Oshawa was once the crown jewel of GM. The Oshawa plants had the best quality ratings on the planet and they produced vehicles on or below budget every time. The managers there knew their stuff and it showed. This closing is a crying shame but the cars they were building not many buyers wanted.
commented 2018-11-28 00:43:39 -0500
I wouldn’t worry about the plant shut down. Lead from the heart and the plant will bail itself out.
commented 2018-11-27 16:17:43 -0500
I will admit it was very smart to cover this issue and preemtively smack the Liberals with it. But a Liberal won’t care anyways. They’ll cheer GM no matter what for going Green and hate Ford no matter what because of wage & hydro regulations.
Nobody thinks it was smart to wipe the GM debt off. Should have had a clause where they pay it back in case they take off.
But I have a theory. Maybe it was the Liberal way of saying “get outta town” by paying them off. It was a scott free escape. Who knows?
commented 2018-11-27 16:10:23 -0500
I think it’s funny. Unifor, along with its Liberal and NDP lapdogs, has supported, and in many cases demanded, every bit of industry-strangling labour and environmental legislation that has made Ontario such an unfriendly place to do business.

The membership is too thick to get it, though.
commented 2018-11-27 15:13:05 -0500
Problem is we do have children in charge in Ottawa. From the dancing socks boy on down. Adults are desperately needed!
commented 2018-11-27 14:47:36 -0500
Trudeau Direction (below)
commented 2018-11-27 14:45:48 -0500
commented 2018-11-27 13:47:13 -0500
Don’t forget that unions are primarily a business too, all the blather coming from unions is self-serving and entirely focussed on their continued existence and their continued ability to get the workers to pay dues.

Handing out subsidies without any strings is stupid from a management perspective but a great way to enrich your party and ensure that the taxes keep pouring in so you can spend it on your pet projects, like gender equality. Damn it, I think I’m going to be sick…
commented 2018-11-27 13:18:58 -0500
IF the Canadian government is handing out tax-payer bailout money, then why, isn’t it putting in the agreement, that the bailout monies, guarantee job security for the employees for the next ten years, or the repayment plan is increased to twice the amount of the bailout, with the companies assets frozen for the duration of the bailout or sold off to recoup the cost of the bailout and the cost of re-employment of its employees involved!
commented 2018-11-27 12:58:41 -0500
If you hate your country and province vote for liberals & NDP

If you support goverment handouts buy Chevrolet and Dodge
commented 2018-11-27 12:02:55 -0500
Turdo,s idea of job creation. Leaky wooden boat (Canada,s economy).
Hire people to drill holes in bottom of boat. Add more people to the boat (fakugees)
Hire one person to bail water from boat with broken tea cup, used tea cup to save land fill space. Lecture people on board about how the carbon tax will save them.

As the boat sinks he tells them it will balance itself. The public is concerned about the rising water turdo, er ahh I too am concerned but it is caused by climate change and the previous Harper government.
commented 2018-11-27 11:32:35 -0500
CBC is already asking questions this morning regarding the ‘need’ for society to step up and help those affected by this plant closure……has not society already stepped up enough (billions) to help this industry…..how about the energy industry in Alberta…..when will they get their billions?…….oh, not forthcoming you say. How about these auto workers taking a little less pay…..I guess the number of Blue Jay season ticket holders just went down.
commented 2018-11-27 09:34:28 -0500
Can’t run cars without oil,Trudeau killed oil and gas in Alberta and now he will finish destroying the rest of the Canadian economy.Guess Canadian’s can fulfill their energy needs with blood soaked Saudi oil-Trudy’s favorite!!