Canada approves $3.5 billion auto bailout

Oy! "...3.5 billion Canadian dollars (2.8 million US)...." Now our dollar isn't THAT bad, WCF. =P

I agree that the money is not going to fix the problem, but it will help in not creating others. Many people will keep their jobs (atleast for awhile). 30,000 workers represents alot of people and if they all lose their jobs , the crisis (recession) will just get worse. It is a Band aid until some real help arrives. If you think that the bail out will just keep things "status quo" then youre wrong. The companies will restructure, cut redundant products, and re invest in making a better product. The current financial ruin of the Big 3 is a direct result of the American way...........and as much as I would like to see them fail, putting John Q Public and his family out on the streets is not the answer.

I like this thread. I especially like the picture on who is to blame. My opinion is ALL OF THEM! But they did not add the UAW in that mix, that gettlefinger or whatever his pathetic name is. That greedy fool should disappear and leave the Yank car companies alone. I also agree that money will not solve this problem. I mean when you think about it, guess who will be behind the car companies: the airline industry. Handing out money helter-skelter is like waving raw meat to a pack of wolves. Bloody foolish, Yanks. Bloody foolish with all this protectionist ideology. But then again, they did elect Bush, and then Obama...

This article isn't even true, the canadian government just said today that the big three won't see any money from them until the americans give them money. And the goverment never said 3.5 billion, they just said 20% i also agree this money won't do anything, even if gm was making competitive products like honda or toyota they still couldn't survive!!

Where da hell is this 3.5 billion coming from? And if we got spare cash why wouldn't we be spending it on the bigger problems, there are probably over 30,000 homeless on the streets of ontario that will spend their Christmas with pigeons under a bridge somewhere with nothing to eat. Yet we have 3.5billion to bail out these idiots? If you didn't hate american cars before you sure have a reason to now. 3.5 Billion will last GM 6 weeks, that is our budget for public schooling for a year....I say we let them die, the immediate hit will hurt, but the economy will reballance itself fairly quickly, our money could be spent otherwise, if i thought GM was a good investment i would have made that choice myself and bought stocks, not let the government decide how to spend our $ on a BAD investment.

The Canadian Government is pathetic and this country is a joke... and I live here

Joe, with the salaries in alberta i think they would have more problems than they do now :p Mike.F1 i also think our government is pathetic, this entire coalition fiasco is a pile of $hit. We need a real leader, someone like Putin.

the us need putin :)

The world needs a "Putin" right now to push agendas through and get the job done. I'm sure if Putin were in charge of this some auto execs would "mysteriously disappear" overnight...