Sep. 15, 2020
It's all about more government bailouts
I never hear the words used so much as I have this past several months.
Some of the bailout requests etc are justified, especially in health, education and social services.
But it starts getting a little risky on economic matters when it gets beyond six months.
Everyone thinks they qualify for a government bailout.
The latest is the Mountain Equipment Co-op business. Apparently, it has been sold to a U.S. enterprise with the transaction to close later in the year.
Quit the hullabaloo, it seems with many members are crying foul given the nature of the transaction and members claiming they were not consulted. That’s one thing and no doubt this will play itself out in the courts etc.
But the notion, as one of the members suggest in a Radio 1130 news story, of a government bailout is quite another. Federal and provincial governments have already borrowed heavily to the tune of hundreds of billions of dollars.
This present trouble of MEC is not all Covid related either. Apparently they were having trouble last year before the pandemic.
Time for people to be responsible for their own economic transactions and operations. The taxpayer has a heavy enough burden as it is, with many years of restraint in the offing.
And no doubt many Canadian nationalists, anti-American citizens are put out about the fact that an American company may be taking over.
But that’s par for the cours, isn’t it, what with the mouse living next to the elephant?
Do I hear Walmart, Costco, Home Depot, Lowes?