tag:blogger.com,1999:blog-5465015914589377788.post3077537789772120217..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Canadian Auto BailoutMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5465015914589377788.post-91790163524148968852020-10-30T09:38:18.998-04:002020-10-30T09:38:18.998-04:00The comment above is a reply to Thicken My Wallet&...The comment above is a reply to Thicken My Wallet's comment:<br /><br />I am not sure what's more galling- this demand or the mortgage bailout in the U.S. Its such a slippery slope since every private business with a pension shortfall will now ask for money.<br /><br />How about letting them restructure, paying laid-off workers to retrain into more high tech jobs and attracting other businesses to come to Ontario. Wouldn't that make more sense?<br /><br />Sometimes I think we should get a bunch of bloggers and form the new government.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-32635868155438009322013-10-12T20:58:33.644-04:002013-10-12T20:58:33.644-04:00@Anonymous: Not much more to say about the auto b...@Anonymous: Not much more to say about the auto bailout. The car companies have taken some of the free government money and used it to pretend to pay back other government loans. My taxes have paid for a North American car but at least I don't have to drive one.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-18970118890314823002013-10-12T15:57:48.556-04:002013-10-12T15:57:48.556-04:00Hey James, any new comments on the auto bailout?Hey James, any new comments on the auto bailout?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-6750905920908267842009-02-23T10:42:00.000-05:002009-02-23T10:42:00.000-05:00Thicken: On the slippery slope subject, I think I...Thicken: On the slippery slope subject, I think I need a bailout to pay for a nice vacation somewhere warm. Having bloggers form a government is an interesting idea. I'm not sure it's for me, though. I'm too honest to line my own pockets, and it sounds like too much work for the pay level.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-78356753353300934932009-02-23T08:48:00.000-05:002009-02-23T08:48:00.000-05:00Right you are Michael. Worse for me is the fact th...Right you are Michael. Worse for me is the fact that I own a Ford bond. By subsidizing these two uncompetitive firms and helping them to stay in business, other car firms that would pick up the slack from GM and Chrysler's demise are weakened. I'm sure GM/Chrysler bondholders are happier too - they get their part of taxpayer money through interest and a slightly better chance return of capital. Given the GMAC Canada yield at 55% for a November 30, 2009 maturity, markets aren't supremely confident about GM's survival even till then.CanadianInvestorhttps://www.blogger.com/profile/05645767559302303541noreply@blogger.com