Hard to soar with the Eagles when Your Led by Turkeys

[whowhere]

Conservatives strike again with export development Canada. Export Development Canada is lending a scandavian airline the money to buy bombardier planes. What value other than token jobs is there to Canada? I believe It was W5 or fifth Estate who did a story on bombardier planes that were financed by export development Canada that no money was repaid and those planes are sitting by the hundreds in a dessert in Arizona.

Why is the conservatives repeating this raping of Canadian taxpayers? Perhaps a new agency ought to be created "Domestic Development Canada" Where money is lent to whoever within Canada to buy bomdardier planes and high speed trains. At least when this money is never paid back, we the taxpayers know the money was used to build up the value of Canada instead of rotting in some dessert in the states.

The only good conservative is an unelected conservative.

[noahbody]

Conservatives strike again with export development Canada. Export Development Canada is lending a scandavian airline the money to buy bombardier planes.

Ottawa lends Bombardier C$173 million for SAS deal

http://news.yahoo.com/s/nm/20090805/wl_can...ines_bombardier

Never hurts to read.

[Smallc]

I thought SAS stopped flying the Q400.

[Shady]

Conservatives strike again with export development Canada. Export Development Canada is lending a scandavian airline the money to buy bombardier planes. What value other than token jobs is there to Canada? I believe It was W5 or fifth Estate who did a story on bombardier planes that were financed by export development Canada that no money was repaid and those planes are sitting by the hundreds in a dessert in Arizona.

Why is the conservatives repeating this raping of Canadian taxpayers? Perhaps a new agency ought to be created "Domestic Development Canada" Where money is lent to whoever within Canada to buy bomdardier planes and high speed trains. At least when this money is never paid back, we the taxpayers know the money was used to build up the value of Canada instead of rotting in some dessert in the states.

The only good conservative is an unelected conservative.

Why don't you try posting a link once in a while, to prove you ridiculous claims.

[Keepitsimple]

Conservatives strike again with export development Canada. Export Development Canada is lending a scandavian airline the money to buy bombardier planes.

Amazing....you can't even read your own article correctly - and you're quoting from the Bible? If you are going to start a topic, do your research, read it carefully, and post a supporting link.....otherwise, don't waste peoples' time.

[CANADIEN]

Amazing....you can't even read your own article correctly - and you're quoting from the Bible? If you are going to start a topic, do your research, read it carefully, and post a supporting link.....otherwise, don't waste peoples' time.

In defense of whowhere, I do not think he is aisting people's time one bit. I for one finds him to be a riot.

[August1991]

Conservatives strike again with export development Canada. Export Development Canada is lending a scandavian airline the money to buy bombardier planes.

It is entirely misleading to blame the Conservatives for EDC lending. The Liberals are just as guilty.

EDC ostensibly provides "bridge" financing to over come trust/confidence issues when Canadian companies sell to foreigners. For example, a small Canadian company may be afraid to sell to a foreigner fearing that the foreigner will abscond with the goods and renege on payment. EDC in theory is a form of (taxpayer financed) insurance against such possible losses. EDC pays the Canadian company immediately ("lends" according to the Yahoo article, based apparently on an EDC press release) and then later collects from the foreign purchaser. As a result, EDC encourages Canadian business to export. (In Hongkong, private banks provide exactly the same service without any need for State export insurance.)

So much for theory. In fact, EDC is a multi-billion dollar slush fund. Foreigners get Canadian stuff and Canadian taxpayers pay for it. The bureaucrats at EDC are masters at dissimulating all of this (and Canadian politicians, Liberal as musch as Conservative, prefer the EDC gobbledy goop version of reality).

In an ideal universe, some day, this scam will end.

Edited August 6, 2009 by August1991

[Bonam]

It is entirely misleading to blame the Conservatives for EDC lending. The Liberals are just as guilty.

EDC ostensibly provides "bridge" financing to over come trust/confidence issues when Canadian companies sell to foreigners. For example, a small Canadian company may be afraid to sell to a foreigner fearing that the foreigner will abscond with the goods and renege on payment. EDC in theory is a form of (taxpayer financed) insurance against such possible losses. EDC pays the Canadian company immediately ("lends" according to the Yahoo article, based apparently on an EDC press release) and then later collects from the foreign purchaser. As a result, EDC encourages Canadian business to export. (In Hongkong, private banks provide exactly the same service without any need for State export insurance.)

So much for theory. In fact, EDC is a multi-billion dollar slush fund. Foreigners get Canadian stuff and Canadian taxpayers pay for it. The bureaucrats at EDC are masters at dissimulating all of this (and Canadian politicians, Liberal as musch as Conservative, prefer the EDC gobbledy goop version of reality).

In an ideal universe, some day, this scam will end.

I think it serves a valid purpose, in stimulating Canadian industry and exports. Even if initial exports are done at a loss, once a product is in use somewhere besides Canada, it becomes more noticeable on the international stage, creating the potential for much more demand. Whether it's a good use of taxpayer money, or whether it is presently run in a productive way, I don't know, but I wouldn't call the concept a "scam".

On the other hand, such a role should perhaps be played by industry itself, if it seeks to increase its foreign demand, they could themselves sell their products initially at a loss to foreign buyers to stimulate it. But Canadian industry seems very fragile these days, faced with a heavy socialistic tax burden and with overseas competitors whose labor costs are many times lower.

[Jerry J. Fortin]

I am growing tired of hearing the word "stimulus". This action is nothing more than the transfer of public wealth acquired through taxation being applied directly into the hands of private interests. It creates debt and deficit and causes a balancing act that usually results in the increase of taxation levels to citizens.

The entire key to the issue is spending, reduce spending and you reduce debt and deficit. It ain't rocket science folks.

[whowhere]

I am growing tired of hearing the word "stimulus". This action is nothing more than the transfer of public wealth acquired through taxation being applied directly into the hands of private interests. It creates debt and deficit and causes a balancing act that usually results in the increase of taxation levels to citizens.

The entire key to the issue is spending, reduce spending and you reduce debt and deficit. It ain't rocket science folks.

obviously the conservatives have a hard time with that concept. In these times Government spending has to be cut to match reality and that money used on the economy not some fat bureacrat who believes their entitled to drive SUV's, live in ten bedroom homes, and has 3 months vacation a year.

The only good conservative is an unelected conservative.

[Alta4ever]

The only good politician is an unelected politican.

Fixed it for you.