The government is once again throwing good money after bad in Alberta - https://globalnews.ca/news/4773317/alberta-oil-boost-federal-bailouts/
The above article chronicles a long and checkered history of government money flowing into private business with minimal checks and balances.
Yes, there are jobs at stake. Yes, there are livelihoods on the line. But giving money to special interests and expecting us to all be better off is naive. And deciding those in the oil industry are more deserving of support is preferential. The government is not elected to play favourites.
Especially when these types of stimuli have proven unreliable, and sometimes even counterproductive. Then again, it does a lot to illustrate the fact the government's favourites are big business.
Bombardier has benefited handsomely from bailouts while laying off employees and giving their Executive Management millions in bonuses. What is the price tag for all this loose money? Your guess is as good as mine: https://globalnews.ca/news/2624709/how-much-money-does-bombardier-owe-canadians-its-a-secret/
That is not okay. As the market has shown serious signs of sputtering in 2018, it is time to put focused pressure on real solutions that benefit those most in need - not those most in power.
It's time to spend on actual change.
- Denis Flinn
CCEC operates on the unceded territories of the Coast Salish people - Musqueam, Squamish and Tsleil-Waututh
Photo Courtesy of Bryant Arnold