Quote:
Originally Posted by flamesfever
While I agree with you in theory, it's the practicalities that concern me.
Do you think Harper did the wrong thing by offering a bailout to the auto industry?
In your statement "create programs that create training and new jobs in new sectors", what programs and sectors are you thinking of?
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To me instead of the Government giving money to industry, they should be working to develop international trade agreements and markets for Canadian made products.
In a constricted economy where nobody is spending money it makes little sense in giving money to the car industry because frankly there's not a market for their vehicles right now.
And while putting people into environmental or green energy is great, its a limited market place anyways unless we want to become the U.S. solar panel.
There are still high tech computer based technologies that can be exploited and are needed. Computers, robotics for manufacturing, software, space based technologies are all viable technologies. Forming better partnerships with other countries and markets.
I don't understand why we're going to support the auto industry, when the auto industry in Canada has just admitted that they're not going to manufacture even 10% of their monthly outputs in December and January, so frankly we're going to be paying salaries for people to not do anything. That's a waste of money. For the U.S. and Canadian bailouts to work it has to be predicated on countries outside of Canada and the U.S. opening their doors to U.S. and Canadian made cars for example.
The truly frightening thing for the international community is that Obama has an isolationist streak in him, and he might demand that other nations will have to address the massive trade imbalance that the Americans have suffered with for years.