Ontario/Canadian government investing $635 million in GM

From the National Post:

The GM job cuts will not affect the Ontario government’s plan to invest $435-million in the company as part of a project to upgrade the infrastructure and research capacities of the automaker’s plants in the province.

The federal government is contributing $200-million to the $2.5-billion project, with the remainder coming from GM.

Phew. You think Premier Lord and Paul Martin will ever get together and invest $635 million into one company in New Brunswick?

Don’t forget, GM is supposedly investing $1.9 billion into that project.

Wanna bet New Brunswick will get a few more bucks for ‘innovation’ or some other abstract concept?

I’ll take the $635 million for a semiconductor plant. Or an aerospace plant. Or an auto plant (I hear KIA’s in the market but that’ll go to Ontario, no doubt).

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0 Responses to Ontario/Canadian government investing $635 million in GM

  1. scott says:

    David you said:

    You think Premier Lord and Paul Martin will ever get together and invest $635 million into one company in New Brunswick?

    They would if we had over a hundred federal seats in which over 70 of them are liberal.

    The centralized liberal government definitely takes New Brunswickers for granted. We seem to be afraid to hold the government accountable for their horrible actions. Come election time, it is like a sport to get on our knees and beg for every scrap and lame handout they throw at us.

    As usual, most of the promises are bandaid solution compared to what needs to be addressed around election time. Most of them you have touch on in someway shape or form on this blog.

    Ho humm.

  2. David Campbell says:

    Good food for thought there, Scott.