NationStates Jolt Archive

BOOO! hiss!

http://www.cbc.ca/story/business/national/2005/03/02/gm-050302.html

200 million for a bloody car plant!!!

A government is giving an already very wealthy company more money?!
Hes been takin tips from bush if you ask me!

The Canadian Finance Minister has been doing EXCELLENT but I think that Paul Martin's minority government is being pressured by the Conservatives.

I don't like it either - but they're scared all the car plants will move to Mexico, which a lot of people would like even less.

It's also Ontario's manufacturing sector that screams the loudest when the value of the Canadian dollar goes up. Makes me want to kick sand in the face of all the exporters. I like it when my dollar can buy more, but noooo, their profits are going down. Poor widdle exporters...

GM has been going through a very rough spot lately. They have to make sure GM doesn't go out of business or move their production facilities or something. That'd be, like, free market in action! We North Americans only support free market when it's Asian and European businesses that are failing.

Edit: I read the article and I guess it says about the same thing I did. Oh well, it's stupid but not unusual.

GM took a hit from the NHL Lockout. Their GM Place isn't making as much money as it would if the Canucks were still playing. Vancouver had one of the best attendance records in the league.

I bet that my location will spend more money bringing the Expos to D.C. than Canada will spend on the car plant.

And I bet the car plant produces more jobs.

In our case, there will be a small increase in the burgeoning job sectors of parking lot attendant and hot dog vendor, while the same baseball players and owners get fucking rich.

Under the pact Williams negotiated with baseball officials in September, a stadium along the Anacostia River in Southeast, estimated to cost $279 million, would be funded largely through a gross receipts tax on businesses. The deal's total price tag has been estimated by mayoral aides at $440 million, but Gandhi put it at $530 million and D.C. Auditor Deborah K. Nichols said $584 million.


I knew it would cost more than that GM Plant.

Under the pact Williams negotiated with baseball officials in September, a stadium along the Anacostia River in Southeast, estimated to cost $279 million, would be funded largely through a gross receipts tax on businesses. The deal's total price tag has been estimated by mayoral aides at $440 million, but Gandhi put it at $530 million and D.C. Auditor Deborah K. Nichols said $584 million.


I knew it would cost more than that GM Plant.

Yeah well, we already have the GM Plant, we're just trying to keep it from closing down.

Any stats on how much taxpayers pay to keep a baseball team in a city? :D

You know, it does set a bad precedent.

When our kids whine and fuss and throw a temper tantrum about wanting more candy, we don't reward them for their behaviour by giving them candy.

On the other hand, when kids threaten to run away, they're usually just bluffing.

Yeah well, we already have the GM Plant, we're just trying to keep it from closing down.

Any stats on how much taxpayers pay to keep a baseball team in a city? :D

In exchange for the jobs for parking lot attendants and hot dog vendors, I'm figuring that the businesses in the city will be taxes several hundred million per year. So even if I never attend a game (and I won't), and I buy lunch downtown, I'll be paying for the stadium and all future improvements such as plush skyboxes, etc.

Something tells me that there's a negative sign somewhere in this equation...

In exchange for the jobs for parking lot attendants and hot dog vendors, I'm figuring that the businesses in the city will be taxes several hundred million per year. So even if I never attend a game (and I won't), and I buy lunch downtown, I'll be paying for the stadium and all future improvements such as plush skyboxes, etc.

Something tells me that there's a negative sign somewhere in this equation...

Wow. Must be nice to run a baseball team.