![\"\"](\"https:\/\/i0.wp.com\/www.szpin.ca\/%77%70%2d%63%6f%6e%74%65%6e%74\/uploads\/2017\/02\/2017-02-11_17h37_13-300x230.png?resize=300%2C230&ssl=1\")
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Gift or loan?<\/span><\/p>\n The <\/span>bail out has <\/span>an odour about it.<\/span><\/p>\n <\/span><\/p>\n The Bombardier bail out by Ottawa became a lively discussion at our most recent get\u00a0<\/span>together for discussing Issues in the Media. <\/em>A big stumbling block in the discussion was the confusion about whether the <\/span>bail out was a \u2018loan\u2019 or an outright \u2018handout.\u2019<\/span><\/p>\n John P.<\/em> recalled reading that the money given to Bombardier was a \u2018loan.\u2019 Moderator Richard claimed it was an \u2018outright gift,\u2019 basing his position on a number of newspaper sources. The contrary views were not settled at the meeting but both the participants followed up their opinions with additional research.<\/span><\/p>\n The Huffington Post<\/strong><\/em> headline supports John\u2019s position: \u201cBombardier To Get $372.5M In Loans From Federal Government\u201d whereas The Financial Post<\/strong><\/em> columnist, William Watson, expresses his confusion: \u201cNews reports say the federal government is getting to crunch time on whether to lend or give<\/u><\/em> \u2013 which is not clear yet<\/em> \u2013 $1 billion to Bombardier Inc., which is having trouble selling its new C-series aircraft.\u201d<\/span><\/p>\n Even with minimal\u00a0digging, the \u201cloan\u201d proponents seem to have more supporters. The semantics confusion gets no clarification when one reads that the loan has \u201cno interest\u201d attached to it as confirmed by every story labelling it a \u2018loan.\u2019 However, this is not a \u2018no strings attached gift\u2019 according to lfpress.com<\/em> (London Free Press<\/strong><\/em>) which writes ‘repayment will be through royalties on each aircraft sold.’<\/span><\/p>\n Whoa…now there’s a thought. Loan money to a company struggling to avoid bankruptcy because its product won\u2019t sell but base the loan repayment on future sales. Who\u2019s negotiating for Ottawa? Elmer Fudd? Or is there more going on \u2018under the table?\u2019<\/span><\/p>\n Clearly, the Trudeau government is pandering to the Quebec electorate. This government has ignored other needy regions of the country when they experienced economic hard times. Maybe their votes we already assured? Or maybe, Quebec has a much larger voter base, one so big that it cannot be ignored?<\/span><\/p>\n This Bombardier bail out goes deeper than any Seadoo the company manufactures. Trudeau has been known to associate with other multimillionaires\/billionaires. Next, Trudeau will be skimming across the waters in front of the Pierre Beaudoin cottage. Beaudoin,\u00a0nephew to the founding father of Bombardier, earns $6.4 million annually<\/span>. History repeats itself again with inherited wealth. The Eaton family eventually closed up shop when the offspring mismanaged the inheritance. <\/span>Joseph-Armand Bombardier must be turning in his grave as he sees the writing on the wall.<\/span><\/p>\n But the Canadian taxpayer deserves to know more about the story. Let\u2019s hope Ambrose and Mulcair pursue it relentlessly<\/span> because there is much more than what\u2019s on the surface.<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Gift or loan? The bail out has an odour about it.<\/p>\n","protected":false},"author":3,"featured_media":14411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[250],"tags":[],"class_list":["post-14407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial"],"aioseo_notices":[],"yoast_head":"![\"\"](\"https:\/\/i0.wp.com\/www.szpin.ca\/%77%70%2d%63%6f%6e%74%65%6e%74\/uploads\/2017\/02\/2017-02-11_17h23_05.png?resize=209%2C179&ssl=1\")
\u00a0Better Living<\/strong><\/em> discussions find a lively and exciting topic needing more <\/span>in depth research.<\/span><\/p>\n![\"\"](\"https:\/\/i0.wp.com\/www.szpin.ca\/%77%70%2d%63%6f%6e%74%65%6e%74\/uploads\/2017\/02\/2017-02-08_19h01_18.png?resize=190%2C186&ssl=1\")
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