Tuesday, May 3, 2022

When a Company (Chrysler) Does Not Pay Back US$2.6 Billion Government Loan, What Do You Do? Write it Off and Let Government Hand out Another C$1.4 Billion In The Next Economic Cycle (Does Amyone Remember 2009)?

To have 16,000 jobs "maintained or created across Ontario and Quebec" equates to $87,500 in taxpayer funds to Stellantis for each job. This author would appreciate having his job maintained for $87,500. 

http://nationalpost.com/news/local-news/stellantis-announces-3-4-billion-investment-in-ontario-plants/wcm/5239c4d0-bf46-425a-b533-286110b1a375

https://nationalpost.com/news/politics/more-than-1-billion-in-public-funds-for-auto-plant-retooling-part-of-the-drive-to-electric-vehicles

https://www.cbc.ca/news/politics/chrysler-auto-loan-canada-account-write-off-edc-bailout-taxpayer-wudrick-milke-1.4871648

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