Business Failures

There is a lot in the news these days, about the Auto Industry, and how it needs loads of taxpayer cash, in order to stay in business. Our Illustrious leader, Stephen Harper, is planning to guarantee the new car warranties for both GM & Chrysler, but you have to ask yourself, when is enough, enough?

I don't get it, because you know, the other auto makers aren't begging for bailouts, and are in fact holding their own. In Germany they offer large rebates, for people who trade in older vehicles for new ones, yet not here.

Here, Harper hands over cash, without any plan in place to protect my money, and yours, and he claims it is to protect worker jobs. However, given the fact that they are closing plants, that jobs are already being pared down by both GM & Chrysler, kind of says, that is just pure B.S.

I don't get it, because Chrysler already owes Canada about a Billion dollars in back taxes, and God only knows at what else they owe. Their big bosses have threatened to pull out, if they don't get what they want, including huge wage concessions. Now I don't know, but would you or I be able to owe back taxes, in any amount? And then, be able to get a bailout package?

Common Sense tells you, a company that is failing, that is near bankruptcy, isn't a good risk for keeping its word. Yet Harper & others, are willing to trust them, which really, makes No Sense. Yet everyone is urging huge bailouts of these failed businesses, and the truth is, why? They have failed to change with the times, failed to deliver products that people will buy, yet we are willing to hand over billions to them?