[Newsbot]

Title: Most oppose taxpayer auto bailout
Category: Business
Posted By: mtbr
Date: 2009-04-09 05:55:14
Canadian

[ridenrain]

.. but we have to do something.. "
..
to save those US companies.


Highlights the hipocrysy pretty well.

[Sapio]

Nothing is to big to fail. Failure is a part of our system and it is health. It help renew the economy. Sometimes you have to cut of the branch so the tree can grow.

[Ripcat]

Good news is that GM is launching a new vehicle, GMC Terrain, and is now starting production at the CAMI plant in Ingersol Ontario. It could return CAMI to full production adding hundreds, perhaps a few thousand jobs in the region.

Auto products and jobs are still coming to Ontario. The fallout in the industry will make ONtario a more competitive place to assemble vehicles.

What people fail to realize is that the unions(CAW) may come out a stronger entity in the end when things start to recover as they may take over the operation of pensions and health care benefits. With the possiblity of their members losing their pensions if GM goes bankrupt, the CAW won't make that same mistake again.

Ontario Teachers Pension Fund...

CAW Pension Fund?

Keep in mind that the membership of the CAW doesn't just include assembly plant workers. It's the largest private sector union in Canada with over 200,000 members.

http://www.caw.ca/en/about-the-caw-our- ... embers.htm

[ziggy]

If the auto industry was viable the Ontario teachers pension fund would have bought them,cut all their wages and laid off half the employees untill they bled every cent they could to get a 10% return and then sell it or shut it down.

Their very ruthless in business and have no qualms about putting fellow brothers and sisters out of work to get their members a return.

[mtbr]

Ripcat Ripcat:

Good news is that GM is launching a new vehicle, GMC Terrain, and is now starting production at the CAMI plant in Ingersol Ontario. It could return CAMI to full production adding hundreds, perhaps a few thousand jobs in the region.

shut it down no one is buying cars.

just what GM needs, another vehicle nobody wants and they can't sell.

this is something with greater importance to Ontario.

http://www.canadaka.net/link.php?id=43458

[Ripcat]

ziggy ziggy:

If the auto industry was viable the Ontario teachers pension fund would have bought them,cut all their wages and laid off half the employees untill they bled every cent they could to get a 10% return and then sell it or shut it down.

Their very ruthless in business and have no qualms about putting fellow brothers and sisters out of work to get their members a return.

It is viable....

The mother corps' have been bleeding the Canadian assembly plants dry for eons.

[Ripcat]

mtbr mtbr:

Ripcat Ripcat:

Good news is that GM is launching a new vehicle, GMC Terrain, and is now starting production at the CAMI plant in Ingersol Ontario. It could return CAMI to full production adding hundreds, perhaps a few thousand jobs in the region.

shut it down no one is buying cars.

just what GM needs, another vehicle nobody wants and they can't sell.

this is something with greater importance to Ontario.

http://www.canadaka.net/link.php?id=43458

So you agree then that Ontario is a good place to build cars...

[raydan]

All unions should make sure that pensions are protected, no matter what happens.
The companies should too, but in the case that there is a union, they should be protecting their members, and that includes the pensions.

The HOW is simple, making sure that contributions are not used for anything else and that the company is making all its contributions.

Maybe the unions don't really care about this since the ex-workers receiving their pension don't contribute to the unions anymore.

I prefer having my pension in a RRSP. I make contributions and my employer matches what I put in. This way, I'm the one making the decisions as to where I invest my money. I protect my own pension.

[mtbr]

Ripcat Ripcat:

mtbr mtbr:

Ripcat Ripcat:

Good news is that GM is launching a new vehicle, GMC Terrain, and is now starting production at the CAMI plant in Ingersol Ontario. It could return CAMI to full production adding hundreds, perhaps a few thousand jobs in the region.

shut it down no one is buying cars.

just what GM needs, another vehicle nobody wants and they can't sell.

this is something with greater importance to Ontario.

http://www.canadaka.net/link.php?id=43458

So you agree then that Ontario is a good place to build cars...

if they can sell them

unlike GM.

do you agree Alberta is a good place for natural resources?
even though the market is slow there is no need to shut down every well or project.

half of them have been shut down and thousands have been laid off....where's our bailouts?

[Ripcat]

mtbr mtbr:

do you agree Alberta is a good place for natural resources?
even though the market is slow there is no need to shut down every well or project.

half of them have been shut down and thousands have been laid off....where's our bailouts?

Yes, of course...

Royalty rebates...

[mtbr]

Ripcat Ripcat:

mtbr mtbr:

do you agree Alberta is a good place for natural resources?
even though the market is slow there is no need to shut down every well or project.

half of them have been shut down and thousands have been laid off....where's our bailouts?

Yes, of course...

Royalty rebates...

car makers never get FREE cash and incentives

[Ripcat]

mtbr mtbr:

Ripcat Ripcat:

mtbr mtbr:

do you agree Alberta is a good place for natural resources?
even though the market is slow there is no need to shut down every well or project.

half of them have been shut down and thousands have been laid off....where's our bailouts?

Yes, of course...

Royalty rebates...

car makers never get FREE cash and incentives

What's your problem? Your asinine competitive spirit over industries and provinces that rely on each other for national prosperity is absurd....

I don't rant on and on about oil or gas companies receiving tax cuts to keep people employed.....I've never suggested that any type of industry be exempt from government support.

I can support anything that gets Canadians back to work as soon as possible and keeps existing jobs in Canada and sets us up to be more competitive when the economy improves. This includes unions in the assembly plants negotiating new agreements that puts their wage closer to the rest of Canadians that do repetitive manufacturing jobs.

The tidal wave of job loss is now washing over the west. Alberta is now worse off than Ontario in that regard and laid off skilled workers are now leaving the province put Alberta back to square one. I can understand that and would support any government assistance that would help keep or train the skilled workers it needs for the future boom times.

[mtbr]

$1:

I don't rant on and on about oil or gas companies receiving tax cuts to keep people employed.....I've never suggested that any type of industry be exempt from government support.

you have double standards

$1:

Perhaps they wouldn't need such a large return of their tax dollars if the workers, from low man to company presidents were willing to volunteer their time or work for minimum wage like many of the people that plan these festivals or work at them during their short runs.

$1:

The tidal wave of job loss is now washing over the west. Alberta is now worse off than Ontario in that regard and laid off skilled workers are now leaving the province put Alberta back to square one. I can understand that and would support any government assistance that would help keep or train the skilled workers it needs for the future boom times.

check the recent figures the west is still far out front as far as employment numbers go. Skilled workers are not leaving Alberta for Ontario it's still the other way around. Many of those jobs in Saskatchewan are being created by Alberta companies. An Alberta bust would be a boom to Ontario.

[EyeBrock]

Until the big three make a car that looks good, is well built and well priced and has decent power and gas mileage, I'll stick with VW.

This is not a recent thing. GM/Ford/Chrysler have been making ugly, crap cars for a long time. Why should my taxes go to crap companies?