Wednesday, May 14, 2008

GM Corporate Welfare Keeps on Keepin' On

General Motors was given $235 million by the Ontario McGuinty government. They also got $200 million more from the feds. To be clear, GM was given $435 million of taxpayer cash. Now, they are laying off staff and are asking for another $140 million.

So much for the 'success' of corporae welfare!

It is high time GM (and its ilk) and corporate welfare were given the Trudeau salute. It doesn't work. If it really worked at creating jobs, every Ontario would have two!

$435 million would have been better used to reduce personal and business taxes across the board.

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