On Nov 16, 12:54*pm, Vic Smith
wrote:

If GM goes belly up, I wonder how that will affect Canada. *Haven't
seen anything about this.

It will save Canadian tax payers billions of dollars per year. We are
only a small country population wise and have already wasted $756
million or so. We will ultimately benefit if GM dies as then there
will be more of a market for Chrysler and Ford. And there is no way
Canada can afford to put the
whole auto industry on the government welfare programs.Ontario, can't
count on them much. The province is running on debt as I write this.
They floated billions of dollars in loans already this year and like
GM, heading for debtors alley. And it really isn't fair for a worker
in 80% of this country to pay for an auto industry that does not exist
at all in their province.

Jobs will be lost, in fact are already lost. GM can't afford the
severance. Even if bailed out, their excessive production and
government subsidization will hurt others. People are not going to
buy GM cars, I can get better Chrysler or Ford choices even if I am in
love with Detroit.

Did you know there is more north American domestic content in a Honda
Ridgeline than a Ford F150? This is really about CAW/UAW running the
companies into the ground and other companies with more savvy
management keeping their companies profitable. Now CAW/UAW wants what
amounts to a north America Government Motors Tax for the select 1 or 3
CAW/UAW. Unions want government handouts.

Smacks of corrupt socialism.

----
Canuck57 - Using a different posting method as my messages on this
subject are being filtered via my usual posting methods. Hazards of
living in a country where interference of free speach is a right.