and said, "What a smart boy am I!"
The Automotive Industry
Phew! This one's a whopper. It really doesn't look like the Government knows what is going on here or what will happen anymore than the rest of us do. They seem to be talking more broad strokes as they want to deal with everything from available credit to consumers to buy more new shiny things, to offering up assistance to parts manufacturers etc.
Considering the timing of rumors coming from the CAW about GM possibly pulling out of Canada altogether and references in the budget to offering assistance to other sectors of the Auto Industry, GM may not be pleased with it's prospects.
Considering the following section, one has to wonder about some flags;
"In addition, the Government will create the $12-billion Canadian Secured Credit Facility, announced earlier in this chapter. This facility will improve credit availability for consumers to purchase and lease new vehicles."
I am wondering if all this is simply targeted at providing funding to clean up the mistakes made, and lack of foresight of the Big Three. Also, if it serves to aid them to continue on their current path of production. In other words, to clean up existing inventories and provide a stop gap measure to allow them to return to business as usual without any significant emphasis on new development of energy efficient products. All of that making the taxpayer the bag holder of the North American Industries poor judgment.
Without addressing these things, there are no guarantees of significant change, and no recourse. If the current pattern doesn't reverse on it's own within the next year or two, what guarantee is there that this crisis won't return?
The immediate need is unarguable, but how this is approached overall will determine the measure of success or failure.
Canada's Space Industry
This seems like a wise move given that this has been a successful area, and it addresses current and forward thinking.
Ditto on Cultural Infrastructure and other items related to Arts/Culture.
More later as time allows..