What GM's bankruptcy means for ME.

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Is Canadian Prime Minister Stephen Harper completely stupid? IT IS NOT OTTAWAS MONEY (9.5 billion US) THAT IS BAILING OUT GM AND CHRYSLER, ITS THE TAXPAYERS MONEY. WE ARE NOW THE OWNERS OF GM AND CHRYSLER. Harper is a civil servant working for Canadians not the conservative party or big business. Canadian Prime Minister Stephen Harper said Monday a 9.5-billion-dollar bailout (Canadian tax payers money)of General Motors was "regrettable, but necessary," given the alternative devastation of Canada's manufacturing sector. Harper's government offered (Canadian tax payers money) GM up to 9.5 billion dollars US (Canadian tax payers money) in financial aid in order to keep a portion of GM's production in Canada. For helping out GM, Ottawa (Canadian tax payers) is to receive 11.7 percent of GM common shares and 400 million dollars in preferred shares once the company emerges from bankruptcy, filed in a US court earlier Monday. "We will be seeking to sell (Canadian tax payers) our equity when the conditions are favorable," Harper said. "(Canadian tax payers) we certainly have no intention of being long-term owners of this company." Harper does not have 9.5 billion US, the conservative party does not have 9.5 billion US, the treasury might have it if it took enough taxes from taxpayers or the government will borrow the money, putting all taxpayers on the hook for a burgeoning deficit. When and its not if but when Harper and his cohorts are kicked out they will leave office and a ...

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