| Magnetonium |
Politically, I am on a Liberal wing, but I hate the dam McGuinties. I hate the Connservatives (Harper) too. But, despite the boredom and predictability of Canadian politics, its turning to be a very interesting path to the ways Liberals are aiming to win their throne back ... I'll take it in stages. First, Dalton's plan involves giving free bucks to multinational rich-bitch corporations to win support:
http://torontosun.com/News/Canada/2...437188-sun.html
Candy firm loan cost us a mint
Grits lend company in Brantford $5.5M interest-free
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The Dalton McGuinty government has dished out a $5.5-million interest-free loan to a multinational candy company to create a "confectionery centre of excellence" in Brantford to aid in the production of Tic Tac mints and other treats.
Kevin Gaudet, of the Canadian Taxpayers Federation, called the loan an example of "corporate welfare," questioning why the government would give a large private firm such a sweet deal just weeks before a provincial election.
"Five and a half million dollars buys a lot of Tic Tacs, and McGuinty clearly hopes it will buy a lot of votes in Brantford," he said.
Liberal MPP David Levac, who represents the riding of Brant, announced yesterday that his government will provide Ferrero Canada with an interest-free loan to help develop leading new manufacturing technology and create 100 jobs.
"The project makes Ferrero's Brantford plant the first in North America to be able to commercially manufacture sugar-free and fructose-sweetened Tic Tacs," a government press release says.
The five-year loan comes out of the government's $500-million Advanced Manufacturing Investment Strategy (AMIS).
Valerie Poulin, a spokesman for Economic Development and Trade Minister Sandra Pupatello, said companies must put up a minimum of $50 million in new investment and guarantee the creation of at least 100 jobs to qualify.
Ferrero is investing $55 million in its project, which includes the Tic Tacs and expanded production of the Nutella chocolate-hazelnut spread, Poulin said.
Franco Veglio, CEO of Ferrero Canada's Industrial Division, said the loan will be invested in important new technology.
"It will allow us to improve in our sector," he said.
Veglio said the investment will generate at least 100 jobs.
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Hmmm ... first, they keep raising taxes. Then, they give hundreds of millions away to the already rich corporations, coincidentally in large amounts very close to elections. Then they abuse the treasury by paying for everything using public money: $40,000 restaurant tabs, $1000s taxi tabs, office entertainment systems, pay hikes, massive retirement/severance packages, all-you-can-buy vacation bills, etc. etc.
Then, after all we have heard about the deficit, about the tough times and how they need to raise more taxes, we get this, right in time for elections:
http://ca.news.yahoo.com/s/reuters/...rio_surplus_col
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Ontario's government said on Friday it had a C$2.3 billion ($2.2 billion) surplus for the fiscal year ended March 31, as transfer payments from the federal government and higher tax rates lifted revenue.
The Canadian province's Liberal government, heading into an October 10 election, said its first-quarter finances for the fiscal year ending in March 2008 showed an improvement of C$400 million from its budget outlook.
Ontario, Canada's most populous province and the country's manufacturing center, forecast a C$750 million surplus for the 2007-08 fiscal year, if reserve revenue is not needed.
Two-thirds of the revenue increase went to debt reduction, and the remainder went for programs, the province said.
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OK, NDP said they wanted to upgrade some of the social assistance funding to federal level in they win. Now Liberals heard that, and to steal some more votes, and they are going to do that worth almost a cool billion ... where does this end? Where's the tax cuts? Liberals and Conservatives can both go south of the border away from here. |
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