Photo Credit: Metapede
You’ve heard by now that the US auto industry is in it up to the tops of their heads.
The Big Three are experiencing a drop in sales the likes of which they haven’t seen in a quarter century.
And as Charles Wilson (as in Charlie Wilson’s War) said, “What’s good for GM is good for America.”
The auto-industry is now extending this to, “What’s good for the auto-industry is good for Ontario” – or rather, “help us out to the tune of $2.5+Billion, or you’re gonna fail the pain.” (sotto voce: we already gave Ford Canada $100M in 2004)
And it’s true: this year, 15,000 jobs have been lost to date, and there would be many more – “hundreds of thousands“, says CAW president, bleakly.
But if we don’t, and if the US Gov’t does, all the jobs will go to the States (and Obama may be protectionist enough to want this anyway), never to return to Canada.
Readers: What do you think? Given the Cdn auto industry accounts for 12% of all manufacturing in Canada, and that refusing to help bail out likely would cost well over 100,000 jobs plus the economic spin-offs, should we cough up the money?