No! Canada and the provinces can provide loan, with interests like the banks, to VW, but no more taxpayers’ money to ‘subsidize private businesses’
Remember Bombardier? Remember the F-35 fighter jet program? Remember the Phoenix Accounting System?
Remember the Great Recession of 2008? Taxpayers in the US and Canada spent billions on supporting the bank system, the auto industry, and the airline industry.
What did we get in return? Another banking scandal. Higher fees for having accounts in the big banks. Higher gas prices. Higher food costs, and higher costs for living expenses, yet we have politicians who love to spend our money subsidizing the rich and powerful.
Maybe it’s time our politicians and their supporters spend their own money on such ventures.
Our money should be spent on public services such as public health care, public education, social services, veterans, infrastructure (such as roads, bridges, airports, rail lines, federal and provincial buildings), emergency medical services, RCMP, and national defence.
Those things which benefit our country, not just private business interests.