chrysler that is a neat trick,

[sevenofnine]

you walk away from a 1.2 billon loan
with accumulated interest over 2 billion


the pay out to keep dodge afloat during the finical crisis
you just wipe it off your books.

they changed there name and restructured the company now it is fiat something or other,
so there not responsible for their old loan

its fucking crap,


the fucking taxes in this country is ridiculous
what we pay for everything in this country is silly

you know to hell with all this touchy feeling bs from trudeau
and all the levels of government to be honest.
I just want more fiscal responsibility

 

[ddcanz]

you know to hell with all this touchy feeling bs from trudeau
and all the levels of government to be honest.
I just want more fiscal responsibility

I'm pretty pissed about forgiving repayment of hundreds of millions worth of student loans.
Fuck that shit!
Many, many young people made career decisions factoring in the costs of education. Many decided that accumulating debt was a huge factor in choosing a direction.
How would you feel if you decided on a Trade instead of maybe a P.Eng. degree- then learned that those who went the University route weren't accountable for their debt and get it written off?
Again- Fuck That Shit!

 

[westwoody]

The Chrysler forfeiture was based on a series of court rulings.
Tell me how it was Trudeau’s fault.

 

[treveller]

The Chrysler forfeiture was based on a series of court rulings.
Tell me how it was Trudeau’s fault.

Good point. The Conservatives are responsible for the contract language. If that makes it impossible for the Liberals to collect then we have another Conservative legacy.

 

[treveller]

the fucking taxes in this country is ridiculous
what we pay for everything in this country is silly

I understand your contempt for government but when you complain about high taxes you are falling for a government con. The government tells you it is doing you a favor by keeping taxes low then it cuts services and spends your money on corporate welfare.

It isn't how much we pay in taxes that matters. It is how it is collected and spent that matters. If the collection and spending is done well then the amount will be appropriate. Scandinavians pay much higher taxes and they are happier, better educated, better served by health and social care and have a higher standard of living. They do this with far less in natural resources.

Politicians will tell you that spending on health care or education is bad because it will raise taxes. They will tell you that corporate handouts are good because they will create jobs. The truth is that any government spending will both raise taxes and create jobs. In either case they are just conning you to justify what they are doing for other reasons.

 

[80watts]

Good point. The Conservatives are responsible for the contract language. If that makes it impossible for the Liberals to collect then we have another Conservative legacy.
The problem here is newly elected governments (politicians) depend on the government departments (civil service) to help run their departments... Sometime you have to ram things down the civil service throats because they are resistant to change... The politicians are the masters and the civil servant will get his revenge. Government specifications make services and goods overpriced in the governmental system. If it costs a contractor 200.00 dollars to paint a bedroom, why does it cost 600.00. Why, becuase gov regulations,and rules.


I understand your contempt for government but when you complain about high taxes you are falling for a government con. The government tells you it is doing you a favor by keeping taxes low then it cuts services and spends your money on corporate welfare.
In BC, in the 1990 and early 2000s each successive government promised tax cuts to get elected. the voters fell for it.... GST went from 7% to 5% at the Federal level (so they had less money to give the provinces). PST went down too. So by 2010 the bc government really had issues with money coming in.... Voter Fault.

It isn't how much we pay in taxes that matters. It is how it is collected and spent that matters. If the collection and spending is done well then the amount will be appropriate. Scandinavians pay much higher taxes and they are happier, better educated, better served by health and social care and have a higher standard of living. They do this with far less in natural resources.
Being efficient and not wasting money on stupid things, like CF-18 manuals printed in French when every mechanic uses English (But God it has to be bilingual)... And yes things are lost in translation, just like the movie... Spending all your budget at end of fiscal year to make sure you get the budget back next year. So you buy dumb unneedful things at end of fiscal year, maybe nice to have. Scandinavians don't have the infrastructure to contend with (longer roads/railways in Canada between cities, etc). Canada has a bigger land area compared to a Scandinavian country. We seem to be stuck with this 1 man=1 job when in reality its more like 1 job=1.3 man, because someone has to do the job, when the original job guy is sick, on holidays. Also an employee at McDonalds can work harder in an 8 hour shift than a nurse, or trades person. Canadian natural resourses are given away on the world market, making good profit for the mining companies. Yes tax money could be spent better...

Politicians will tell you that spending on health care or education is bad because it will raise taxes. They will tell you that corporate handouts are good because they will create jobs. The truth is that any government spending will both raise taxes and create jobs. In either case they are just conning you to justify what they are doing for other reasons.
Corporated hand outs from government are a loan that won't be repaid. and the jobs will stay there as long as the government keeps giving the companies money. The company disappears when the handouts dry out. A Raise in taxes results in losing the next election. So more fees are applied to government services. A simple Jar of peanut butter makes its way from manufacturer, distrubuter, second distrubuter, retail. too many middle men, and a system that protects

 

[badbadboy]

Auto Industry is a political football and no one wants to fumble it. If a government lets them fail, hundreds of thousands of jobs can go away. We all know with the recent NAFTA 2.0 that it can happen if the US wants it to happen.

The deal was engineered by previous Harper government to the tune of $6.5B to keep Chrysler alive in Canada.

Now Chrysler reneged on the deal and walks away while the Liberals are in Government.

You can't really lay blame at any particular side. Large corporations have a lot of political weight to pull this stuff in Canada.

 

[booblover]

Chrysler made $5 billion but couldn't/wouldn't pay back Canadians. Trudeau, if he had any spine, should hammer Chrysler so their products couldn't be imported to Canada unless the bill was paid. And yes I do drive a Chrysler....

 

[sevenofnine]

I understand that, trudeau is or wasn't part of the bail out.
im just pissed off at lack of fiscal responsibility on all levels of government.

and im tired of trudeau his feel good attitude is touchy feely attitutude we have support women we have to support indigenous people and immigrants and gay people.
its about fucking money and jobs, and supplying services efficiently and not wasting tax dollars.

Canada has one of the highest costs for medical care in the world and the longest wait times.
quit fucking wasting money,

 

[rlock]

Good point. The Conservatives are responsible for the contract language. If that makes it impossible for the Liberals to collect then we have another Conservative legacy.

GM took a similar bailout deal from the Harper government, then took the money, said "thanks, suckers!" and loved some of their auto plants out of Canada. We lost even more money on that one.


Same with the Saudi arms deal. A deal made with a called-ally-but-really-hostile foreign power, a deal that Canada can't get out of, with stipulations that they can't even talk about the terms and conditions in public? Oh, that's not suspicious at all!

BTW, they also sold the Saudis the Canadian wheat board. Because nothing says "securing the western world" like selling a jihadi government control of your food supply.

Thanks, Conservatives. Bunch of boot-licking wankers.

 

[rlock]

I understand that, trudeau is or wasn't part of the bail out.
im just pissed off at lack of fiscal responsibility on all levels of government.

Are they responsible ? If so, to whom? Not us. The thing is about these country-club types is that they are making deals with people at their level, their golfing buddies, their Davos conference bros. They make these terrible agreements just to be seen as agreeable, just to be seen as effective wheeler-dealers because the public expects them to be businessmen doing business with other businessmen. When there's an election campaign on, who looks at the fine print? (Or the dodgy bonuses, or the conflicts of interest...) Are they really effective managers or negotiators? LOL. These "experts" can't even build some military supply ships without taking 25 years and 4 different governments to do it. I'm not saying expertise counts for nothing; I'm saying look at the deeper motives. Negotiating these deals is an industry in itself, and all of it behind closed doors where the public cannot see, of course.

 

[treveller]

Canada has one of the highest costs for medical care in the world and the longest wait times.
quit fucking wasting money,

I understand the US health care cost per capita is much higher than Canada's while many Americans have inferior care. We ration the care by making people wait. They ration the care by making it personally expensive. Other countries do a much better job of serving people.

 

[Jethro Bodine]

Next time instead of giving Chrysler the $1.2 B, they should buy $1.2 B worth of cars then raffle them off to everyone in Canada who pays federal taxes.
Then at least some of us would be getting something for "our" money.

 

[grizzly]

Call me stupid, but wouldn't it have made more sense for the government to buy stock in Chrysler and GM instead of just handing over the cash? The corporations get their influx of cash without the liability of repaying a loan and our government hopefully benefits when the stock rebounds and receives dividends, and this in turn could lessen the tax burden on the population. This always baffled me why government is so dependent on taxes. We've been paying taxes for 100 plus years in this country. If our government ran our countries finances like most of us try to run our households, we could be in theory tax free in this day and age. Take our tax dollars and invest them wisely into our businesses, promoting our economy, and the dividends could essentially support our tax burden.

I find it funny when JT calls spending money on infrastructure an investment. This is not an investment, it's an expense. When you spend money on something without any expectation of a return on your money, it is an expense, not an investment.

 

[rlock]

Call me stupid, but wouldn't it have made more sense for the government to buy stock in Chrysler and GM instead of just handing over the cash? The corporations get their influx of cash without the liability of repaying a loan and our government hopefully benefits when the stock rebounds and receives dividends, and this in turn could lessen the tax burden on the population.

Exactly. Between the US and Canadian governments, they could probably have owned GM and Chrysler after the 2008 bailouts. Even when they buy stock or take a stake in it, they're told by the big business lobbyists & media)
1) they may own it but not control the company, and 2) that government ownership is wrong & bad, in general, so they must sell their stake of again once the crisis has passed - which of course they do, at a loss.

Government doesn't know how to run a business? Well, it can't be worse than a business that's bankrupt (and still paying "performance" bonuses to the execs who bankrupted it).
Government mustn't be in control? Then why buy a stake in saving it at all?

If the government saves these companies, then absolutely let them dictate terms ! Or else they should just buy these businesses, but keep the intellectual property & technology for themselves - then they can just collect royalties from any other company who wants to use it. The public gives a fuck about technology and domestic jobs, not brand names.

*Same thing with the feds buying the Trans Mountain pipeline project. Word is, as soon as it's built and running, they'll sell it back into private hands. (And probably at a huge loss, too.) What a fucking waste, especially given all their arguments about how it's so important to the "national interest", etc.

I find it funny when JT calls spending money on infrastructure an investment. This is not an investment, it's an expense. When you spend money on something without any expectation of a return on your money, it is an expense, not an investment.

That's short-sighted, or rather, a very narrow definition that considers none of the externalities. Spending on public infrastructure is an investment. It improves the whole economy and is necessary for all kinds of private industry to function at all.

One could say the same about having police & a criminal courts system - it's a public expense, one which they (actually, we) pay for and which never returns any profit on any money "invested".
But consider the Somalia-like failed state we would be if we didn't have it.

I don't mean turning a blind eye to whether a project is good or bad as an idea, but do there need to be such projects in general? Definitely. There are just some things that have to be public expenses, for the overall good of society - which can't be looked at with only a narrow definition of whether it's profitable. If it were up to private industry, with it's tendency to view things only as a short-term profit or loss, then most of the country's infrastructure would never have been built at all.