Canadian Finance Minister not expected to support bailout plan

While Canadian Finance Minister Jim Flaherty has been lauded for efforts to really be able to move the Canadian economy on many fronts in a positive manner, it has not been by risk taking, rather a very conservative approach which some may call boring but it has been indeed effective.

So when the subject of a potential bailout plan for the Canadian auto industry has been suggested or discussed, it's not a surprise that Flaherty, while not straight up saying it's not going to happen, has indeed stated “Nobody wants to see taxpayers’ money taken — and then in effect wasted — where a company is not going to survive … we want to see the plan for survivability."

This, in essence, is exactly what US Congress members are going to be demanding in terms of the expected asking number that the Big Three will try to ask for when they meet with government officials. The basic premise is that with that kind of currency being given, Flaherty and US parallels will want a turnaround plan for the investment that could be given. It's what has made Flaherty effective--logic, reason, and sticking to a model.

Gee, whod'a thunk it? :)

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Canadian Finance Minister not expected to support bailout plan

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