The Canadian government has given billions in bailouts money and wrote off parts of their debt to industries such as GM to save Canadian jobs . Many of these companies turn around and moved jobs to other countries and did nothing to save their industry in Canada while they paid their executives millions in bonuses.
The worst part is that our government often writes of bailout loans. So we never get our money back. It did so with General Motors and refuses to disclose the details. I said it before and I will say it again, our government needs to be transparent.
Why are these companies getting away with doing anything they want with the bailout money? Where is the government when they are shutting down and walking away?
How many government bailouts have there been?