And with it go Ontarioans tax dollars
We all realize that our high dollar and slumping housing starts in the United States are a big reason for the overall decline in the manufacturing industry lately. However, when I see the timing of this receivership, one day after the provincial election, you have to wonder if the initial corporate welfare loan given to Fibratech in July was simply used to buy votes.
2 Comments:
Oct 11th? The timing does seem very suspicious.
No doubt bill. And this from the owner:
Besides the refinancing plan, Warren said he is considering a number of “new ideas” for different products and plant efficiency once production resumes.
Wanna bet part of the "new ideas" plan means getting another forgiveable bailout for keeping quiet during the election.
I know this time it's in Ontario, and not NB, but it still doesn't make it right.
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