Canadian Banc Corp T.BK

RE:RE:RE:RE:RE:RE:RE:RE:Canada not in great shape

[mouserman]

flamingogold wrote:

Airbus and Boeing are heavily funded by their governements. In Canada we eat our own.

mouserman wrote:

flamingogold wrote: I agree with you, but unfortunately Canadians vote for governments offerring handouts than the hard sacrifices needed for R&D to be a global competitor. Let's take Bombardier for example, I know that name stirs up a lot of hate and despise but Bombardier was working to be the third player in commerical jets behind Airbus and Boeing. That takes a lot of money but Canadians don't want to support their own. BBD made a comeback on their own accord but had to sell their commercial jet and public transportion divisions. A loss for all Canadians.

WinterBaron wrote: The "Not in Great Shape" comments are 100 % fo cused on Canada's fiscal and economic realities.
Absolutely zero to do with social and life style conditions.
Those comments and others like them can't be ignored any longer.

Our international competitiveness has declined terribly in the last 10 years or so along with worker productivity (ranked 28 or 29 out of 30+ OECD countries.)
Our public service accounts for much more of Canada's total  payroll as a percent than is the case with most, if not all, of those other OECD nations.
Much as some wish differently, it is impossible to publicly spend our way to fiscal health.
Much more must be directed toward R&D, Industrial use of our own resources and less to government/ quasi government entities.

Finacial post had  a very different  take on the Bombardier history about 5 years ago. Wasnt pretty,  but harsh reality.
https://financialpost.com/diane-francis/secretive-edc-has-helped-fuel-the-serial-subsidization-of-bombardier-the-gravy-train-must-end

 

Corporate welfare is alive and well, in both countries at the expense of taxpayers.