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Save Oshawa GM.

PostPosted: Dec 19th, 2018, 1:14 pm
by Ken7

I came across this on a social media site. Want your thoughts on should one sign a petition to save, why would you feel that way.

My thoughts are, it is business. Sadly in the past the Canadian Government has jumped to the plate and spent Tax payers money to save private enterprise.

I grew up in a small family business, I feel for those who work at GM. However, it is business and not up to the Government to become involved. sometime Unions can force owners to take action and move out.

Re: Save Oshawa GM.

PostPosted: Dec 19th, 2018, 1:27 pm
by dirtybiker
All I can add is a quote of Ronald Reagans.

I've used it many times myself over the years.

It applies equally to Canada as is does the US

"Government is not a solution to our problem, government is the problem. ... Government does not solve problems; it subsidizes them. Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it. ... The problem is not that people are taxed too little, the problem is that government spends too much." ~ Ronald Reagan

Re: Save Oshawa GM.

PostPosted: Dec 19th, 2018, 1:32 pm
by Bsuds
I don't like seeing the lost jobs but I also don't agree with giving large companies so many tax breaks/loans etc without some guaranty to get it back. If they can't make a go of it then too bad so sad!

Re: Save Oshawa GM.

PostPosted: Dec 19th, 2018, 2:16 pm
by seewood
Governments mandate, one of them anyway, is to provide an environment for business to operate and compete in the business world. Period.
Subsidize them should not be part of the solution to survive. However so many jurisdictions in the world do subsidize business's other countries will follow suit.

Saw an interview on 60 minutes I think it was, and Elon Musk has not ruled out purchasing some of the shuttered plants to build his electric cars. One of his assembly lines in California was operating under one of those huge tents/ temp structures..

Re: Save Oshawa GM.

PostPosted: Dec 19th, 2018, 2:36 pm
by jimmy4321
Only IF the return is correct long term i think it's what has to happen to keep people employed which has more positive effects than simply having a job.
Not a fan of it all though.