....even though the widget market is saturated. Maybe we need to look at what type of product is landing on the docks of Vancouver and Montreal and see how many of these products could be made in Canada. I'm in WalMart, Home Depot, Cdn. Tire, etc. on a daily basis. I haven't been in a auto dealership for years and years.........
Cost of auto industry aid could exceed any benefit
PAUL LACHINE/NEWSART
Support for Canadian parts makers might be a better course of action
December 14, 2008
Angelo Persichilli"Saving the auto industry is a must!" That's what economists and politicians keep yelling these days.
Everyone agrees that bankruptcy for Detroit's Big Three is not an option. That's why, after the Republican senators balked at a $15 billion (U.S.) bailout package last week, the White House immediately stepped in to provide the money from other funds. Ottawa and Queen's Park quickly followed suit.
But what no one says openly is that the North American auto industry already is potentially bankrupt and no one knows how to save it.
I feel that Canadian taxpayers are about to be taken for a ride.
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