aftermarketcrf

The Canadian and Ontario governments will provide the Canadian subsidiaries of the Detroit automakers with $3.29 billion USD or 4 billion CAD in emergency loans, the Prime Minister Harper said 20 Dec 08. General Motors will receive 3 billion CAD and Chrysler 1 billion CAD. Prime Minister Harper and the Ontario Premier have pledge to support 20% of the US bailout package. Now it is important to remember that there may be an estimated 400 - 600,000 auto related jobs in Canada according to various news sources. The key word is related, not directly related. The amount of job loss is most likely inflated to gain sympathy. GM employees 183,500 Americans, 64,500 Europeans, and only 18,000 Canadians. Do the math that only equates to 6.77% of GM jobs. So why are we paying 20% of a failing American controlled business? What do you think an American business will do if they need to cut jobs to survive...or worse yet declare bankruptcy after one year? Why wouldn't our government instead buy into an automotive company that’s doing well and producing efficient vehicles?