WORDS OF WISDOM

What should we do with our car company?

June 12, 2009 - If you’re a Canadian taxpayer, you’re now the proud part owner of a failing automobile company, thanks to the federal and Ontario governments. They’re generously giving General Motors $10.5 billion of your money for an 11.7 per cent share in the company.

Former CIBC World Markets chief economist Jeff Rubin calls it an “investment in obsolescence.” The author of Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization, recently told the Tyee news website, “We should be investing in the future, not the past, making a huge capital investment to build buses and public transit.”


He’s not alone in his thinking. South of the border, where the U.S. government is giving GM a whopping $50 billion for a 60 per cent share of the company, filmmaker Michael Moore wrote, “The only way to save GM is to kill GM" . . . . ..THESE ARE JUST 2 OPINIONS OF NOTE THAT SHOULD GET CONSIDERATION BY THE GENERAL PUBLIC....AFTER ALL ITS YOUR MONEY AND FUTURE.

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