[quote=syngirl;16956]Jedard, it's all well and good to point your finger at the States and rejoice in their fall when Canada has so far skirted the storm. However, if the US and others don't bail out the Big 3, there goes Ontario, and with it, Canada.

Sorry, I never had an RRSP, those were for the foolish. I never bought into anything my government tried to sell. I spent 39 wonderful years working in the most democratic country in the world.
I am now enjoying every day that I worked here, living like the life of a King.
As for the loonie, I am sure you are know who the market works. I am sure you know that Canada has been kissing the rear-end of the USA for a long time. I think, if memory serves me that PET, was not one who succumbed to that unpleasant act.
The loonie is being compressed because the experts out there are shorting it and making a lot of money in the meantime. And just recently Mr. Harper came out and supported that fact by telling the Market that a deflated CDN dollar is good for business. Now how is that for support.
Do not worry, the greenback is going to fall and we will see a stronger CDN, in fact the CDN has been doing very well against other currencies, not-withstanding the greenbacks strong under-inflated strength.

As for the support of the Auto Industry, let them sink, any bailout is only going to do one thing, delay the inevitable. They are going down. I think the proper route would let them file go into Chapter 13, file for bankruptcy and then reorganize as a new company.
The USA and certainly Canada cannot support that kind of bailout, no matter how many jobs are on the line.
I am sorry but that is the truth.
For all my American friends out there who search for the truth, please buy Naomi Klien's book, the Shock Doctrine. She is another great CDN. Or Galeano's book Open Viens of Latin America for starters

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