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Eric · 23-11-2010, 17:17

And there are bailouts and bailouts ... if Ireland gets the cash ... and then repays the loan at a higher interest than the money was borrowed at, it may be a good deal finnancially. But then the question pops up: if this government does make money with the deal, what are they going to do with it?

When the US economy took a dump, and the government bailed out GM, Canada came up with a few billion for the bailout. But, the payoff here was in jobs for Canadian auto workers (20% of GM vehicles made in Oshawa, Windsor and other Canadian manufacturing in Ontario .... the Ontario govt. also tossed in a few billion). This, in my opinion, wasn't a bad deal. Sure it was taxpayers' dollars; but it was the autoworkers who benefited.

23-11-2010, 17:17	#50
Eric God Member Join Date: Feb 2007 Location: Kingston, Ontario, Canada Posts: 9,290 Liked: 2347 times Rep Power: 58528	Re: Ireland And there are bailouts and bailouts ... if Ireland gets the cash ... and then repays the loan at a higher interest than the money was borrowed at, it may be a good deal finnancially. But then the question pops up: if this government does make money with the deal, what are they going to do with it? When the US economy took a dump, and the government bailed out GM, Canada came up with a few billion for the bailout. But, the payoff here was in jobs for Canadian auto workers (20% of GM vehicles made in Oshawa, Windsor and other Canadian manufacturing in Ontario .... the Ontario govt. also tossed in a few billion). This, in my opinion, wasn't a bad deal. Sure it was taxpayers' dollars; but it was the autoworkers who benefited.