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Canadians back bailout for carmakers

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-27-08 07:57 AM
Original message
Canadians back bailout for carmakers
via the Toronto Star:

Canadians back bailout for carmakers

Dec 27, 2008 04:30 AM

Bruce Cheadle

OTTAWAA majority of Canadians are comfortable with billions of dollars in government loans for the ailing auto industry, a new poll suggests.

The Canadian Press Harris-Decima survey found that 56 per cent of respondents supported the notion of "proportional, repayable loans," while 33 per cent were opposed.

Ontario, the heart of Canada's auto sector, showed the most support, with 62 per cent in favour of the bailout and just 28 per cent opposed.

The federal and Ontario governments announced on Sunday they'll provide $4 billion in loans to General Motors and Chrysler. Ottawa is contributing $2.7 billion and Queen's Park $1.3 billion.

The aid package represents about 20 per cent of a similar loan program announced in Washington for the two American automakers.

While the bailout comes in the form of loans that are to be repaid, Prime Minister Stephen Harper said the public money is "obviously" at risk and more government funding for the auto industry may still be needed. .......(more)

The complete piece is at:

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earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-27-08 08:35 AM
Response to Original message
1. The majority of Americans back a bailout for the auto makers too.
Don't believe the lies that Congress & the corporate media liars are feeding everyone. :grr:
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-27-08 08:44 AM
Response to Reply #1
2. Not quite
Poll: Public OK with auto bailout

A new national poll Monday finds a majority of Americans approve of recent loans to big U.S. automakers, but less than 3 in 10 would support additional assistance.

Sixty-three percent of those questioned in a CNN/Opinion Research Corp. survey support the White House loaning more than $13 billion to American automakers Chrysler and General Motors, while 37 percent opposed the move/ /

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