Comment 28020

By jason (registered) | Posted January 02, 2009 at 09:33:02

hey, believe me. I feel for the workers. they are the innocent victims in all this. The CEO's will stay filthy rich, while regular folks are forced to start over. Where are all the 'free market' people??
Please explain how giving billions to these companies (again) is anything but socialism. Only in this breed of socialism, it isn't for the poor or marginalized. It's for the mismanaged, greedy, selfish elites. This board used to be full of people with screen-names like 'capitalist' and 'small government' etc.... where are they now?

As much sympathy as I have for people who lose their jobs, the fact is we can't simply start bailing out every company that threatens to close.

In a balanced, sustainable economy there should be new start-up firms, new technology firms and 'futuristic' companies being encouraged that can replace some of the lost jobs.

Dr. Richard Gilbert did a great study in Hamilton quite a few years ago called 'The Electric City'. It was basically a blueprint for developing a sustainable economy in Hamilton that would not only survive, but thrive once these old, run-down, ragged dinosaurs began to fall. We've all seen this coming for many years. As usual, government has done nothing to prepare and in Hamilton's case, they've simply shelved Dr. Gilberts fabulous study because it wasn't business as usual. I'd much rather see the government invest in ideas such as the ones he proposed and see new factories locate here that are world leaders in wind power, solar power, electric development, infrastructure needs etc.....

Portland, Oregon recently started heading this direction when it lured the first ever 'modern streetcar' factory in America. You can be sure that there is a bright future for those types of plants. Cities like ours who do nothing but lag, will end up losing many jobs as you've mentioned. With dwindling capital to invest in North America, it would be foolish to invest it in these industry relics. Invest MY tax money into the future.

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