Quote:
Originally Posted by Tron_fdc
I'm hoping someone can correct me here.
In 2009 the Feds and Ontario gov buy into (bail out) automakers to the tune of 10 billion to keep them afloat.
In 2015 after an adequate recovery, that buy in is mostly paid back. Which is a lot better than no strings attached bail out money with nothing in return. That year it helps balance the federal budget.
In Alberta, the federal governments main economic engine, we are losing 10's of thousands of jobs, hitting unprecedented levels of unemployment, and the Feds are sitting back saying that they are going to "review" the strategies (pipelines, etc) that can help us. SFA is coming in the forms of help to O&G companies.
Am I doing this right??
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Yeah, because Oil and Gas companies arent in voter-rich Ontario or Quebec.
Political Capital man...Political Capital.
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