Corporate Welfare

[Insidious Von]

Whenever the economy tanks, politicians blame teachers, nurses and single mothers. Their "friends" never feel the heat.

That's the joy of trickle down economics.

 

[Insidious Von]

 

[Claudia Love]

Corporations don't like that term "corpoarate WELFARE" they don't like admitting that their receiving handouts ....they know deep down they don't need the money but nomatter Liberal /Conservative they both love giving handouts to the rich. These same rich people getting welfare are the first ones to vote to cut social welfare for the poor because they fear there won't be more money to greed over for them. People in society look down on people getting assistance and turn always a blind eye to corporations. No one can convince me that we need to keep paying these rich corporations in order for them to operate. If it was because of going bankrupt and we needed them maybe. But to give to corporations that have billions of dollars makes zero sense to me.

 

[oral.com]

Liberals like to reward their buddies:
Loblaws 12 Million for new energy efficient freezers
SNC Lavalin
Multiple Canadian news organizations 120 Million per year
The WE scandal

 

[Claudia Love]

Liberals like to reward their buddies:
Loblaws 12 Million for new energy efficient freezers
SNC Lavalin
Multiple Canadian news organizations 120 Million per year
The WE scandal

The WE was not a scandal and don't kid yourself Doug Ford and Erin O'toole are making private healthcare as their buddies stand bye to become billionaires. The Conservatives ALWAYS take care of their rich elite friends as they go along and they cut anyone who is not of rich status in services.Starting now optomitrists are now out of pocket because of the Conservatives. But they just don't cut to poor to kill them off they cut the middle class too.Kenney the conservative in Alberta cut the burses during the pandemic by 3%. He tried giving the doctors a run for their money and teachers well he simply and Doug Ford his buddie can't fanthom the thought of teachers having anything of value. Perhaps its because they didn't finish school?

 

[oral.com]

The WE was not a scandal and don't kid yourself Doug Ford and Erin O'toole are making private healthcare as their buddies stand bye to become billionaires. The Conservatives ALWAYS take care of their rich elite friends as they go along and they cut anyone who is not of rich status in services.Starting now optomitrists are now out of pocket because of the Conservatives. But they just don't cut to poor to kill them off they cut the middle class too.Kenney the conservative in Alberta cut the burses during the pandemic by 3%. He tried giving the doctors a run for their money and teachers well he simply and Doug Ford his buddie can't fanthom the thought of teachers having anything of value. Perhaps its because they didn't finish school?

I thought we were talking about corporate welfare?
If you want to discuss socialism, I always say that the problem with socialism is eventually you run out of other people’s money.
Dennis Moore, Dennis Moore Dum de dum dum dum

 

[Claudia Love]

I thought we were talking about corporate welfare?
If you want to discuss socialism, I always say that the problem with socialism is eventually you run out of other people’s money.
Dennis Moore, Dennis Moore Dum de dum dum dum

thanks for the giggle but yes your liberal scandal through me for a loop lol carry on guys lol

 

[saxon]

Don’t forget Bombardier, this family controlled company has received billions in government loans and bailouts and most of that has never been repaid. This family loves the Liberals.

 

[NotADcotor]

Actual capitalist fan boys don't like Corporate Welfare.
However just like how every woman is a feminist until the bill comes, people in the world of business love the free market till some political ass hole wants to buy their worker's votes by "saving jobs" via subsidies and cartels.
Never mind that we see the jobs that are saved [often temporarily] but we never get to see the jobs lost by the diversion of spending.
Kinda like thinking it's good when a glass breaks because you have to hire people to make a new window and install it completely forgetting who that money would have hired in an alternative university where the window didn't break.

I thought we were talking about corporate welfare?
If you want to discuss socialism, I always say that the problem with socialism is eventually you run out of other people’s money.
Dennis Moore, Dennis Moore Dum de dum dum dum

Hmmm lupins.

 

[Insidious Von]

Ontario went through its worst recession in 1991 - 95, Toronto was hit hardest.

At the 95 Provincial Election, Mike Harris blamed the malaise on welfare cheats and single mothers. Colin Vaughan shot back that the underprivileged had to be pilloried to keep fat cats in Cohibas and Cognac.

I thought David Einhorn was a genius until he advised that GM was a good investment. Apart from the Toronto Maple Leafs, no company has had management as terribly as GM. What other company has sucked up so much public money?

 

[Insidious Von]

GM has skimmed $65 Billion in public money from all levels of government including the $7.2 billion it got from Ottawa to keep the Oshawa plant operating. Now they are going all in on electric cars. I've said it before, I'll say it again, electrification is not the golden apple that will solve our energy problems.

 

[Insidious Von]

Massive recall of the Chevy Volt...the battery catches fire.

 

[oral.com]

GM has skimmed $65 Billion in public money from all levels of government including the $7.2 billion it got from Ottawa to keep the Oshawa plant operating. Now they are going all in on electric cars. I've said it before, I'll say it again, electrification is not the golden apple that will solve our energy problems.

I do agree with this, electric cars will not solve the carbon crisis, just do the math. Carbon cost of manufacturing, carbon cost of electricity production, carbon cost of infrastructure conversion. What do you save?
Smarter to invest in carbon capture, like a catalytic converter for carbon. The tech is not that far away.

 

[Insidious Von]

Carbon cost of manufacturing, carbon cost of electricity production, carbon cost of infrastructure conversion. What do you save.

You don't, electric cars makes things worse. You may have cleaner air but the price of seafood and utilities pertaining to water will go nuclear. It would be better to maximize the efficiency of the internal combustion engine but oil companies cant turn a profit from it.

There has to be other options.

 

[ogibowt]

In the 70,s NDP leader David Lewis coined the phrase Corporate Welfare Bums...............and nothing has changed

 

[ogibowt]

Ontario went through its worst recession in 1991 - 95, Toronto was hit hardest.

At the 95 Provincial Election, Mike Harris blamed the malaise on welfare cheats and single mothers. Colin Vaughan shot back that the underprivileged had to be pilloried to keep fat cats in Cohibas and Cognac.

I thought David Einhorn was a genius until he advised that GM was a good investment. Apart from the Toronto Maple Leafs, no company has had management as terribly as GM. What other company has sucked up so much public money?

i havent had a chance in ages to call Mike Harris a repulsive odious man.......whew thats cathartic...........and he landed a cushy job sitting on the Board of Directors at the Chartwell Retirement Homes....and it seems that share holders want to get rid of this anal canker............im not sure if they have succeeded

 

[Darts]

"Corporate welfare/bailout" is almost always about saving jobs, maybe even your job. Would it have been better if we had allowed GM, Bombardier, Air Canada, etc. to go bankrupt along with the thousands of lost jobs (including jobs in the supply chain)? It is almost never about saving shareholders.

In the U.S., American cities are allowed to go bankrupt. Should we also allow Canadian cities that run into financial distress to also go bankrupt instead of bailing them out?

BTW: I was in a Department of Finance meeting years ago when David Dodge broke the news that a Canadian province was on the verge of bankruptcy. Yes, that province was bailed out.

 

[Insidious Von]

"Corporate welfare/bailout" is almost always about saving jobs, maybe even your job. Would it have been better if we had allowed GM, Bombardier, Air Canada, etc. to go bankrupt along with the thousands of lost jobs (including jobs in the supply chain)? It is almost never about saving shareholders.

I won't agree with you Dartsy, look at the strategies of Roger Smith and Gianni Agnelli. I could go into detail about this, instead I'll just pose the question.

Why is Detroit decayed while Torino thrives?

 

[ogibowt]

A Department of Finance meeting?.....lol...did they lift their legs while you were vacuuming?..lol...

 

[Darts]

Despite the fact that many European countries are left leaning, their governments do support their industries. The Euros bailed out their airline industry long before Canada did.

Many of the beneficiaries of the Air Canada "bailout" were ticket holders who got refunds for cancelled flights. You and/or I might be one of these ticket holders.

Of course, that "bailout" also saved many Air Canada jobs as well as jobs in their supply chain. Maybe your job was saved by the bailout?

Germany's Lufthansa bailout.
Lufthansa Group had a very public battle over their bailout package from the German government,
European Airlines May Need Additional Government Support – FlyerTalk - The world's most popular frequent flyer community