Ontario Auto Industry In Danger ?

http://www.macleans.ca/topstories/polit ... 806_82806# <u>A Steel City's Blues</u> "<i>For residents of a town where the main industry has been hammered, the booming Canadian economy is a bit of an insult</i>" It looks as though Canada's auto industry is destined to go the way the steel industry has gone in Sault St. Marie.

Yes, a booming economy doesn't mean a thing to a city crippled with high unemployment.

Sad state of affairs.


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"Arrogance in Politics is unacceptable"
Jim Callaghan
Minden, Ontario
705-286-1860
www.misterc.ca

The government doesn`t care about those 'lowly' blue collar jobs!

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Dave Ruston

The only "<u>important</u>" aspect of the economy is how, where and when shares are traded. The present (and likely the immediately future) government, whether Lib or Con, does not care much about the substance of a business. It is only interested in the activity generated through Bay Street, or Wall Street. As such, it is engaged in, (and supports) a type of pyramid scheme, that in most applications would be illegal. But in the stock market, speculation (where payouts on the top come from input at the bottom - a classic pyramid format) is not only perfectly acceptable - it is very much driving the "success" of our economy. As such, it is all show and little substance, and that is why places like <i>The Sault</i> have not benefitted by paul Martin's economic prowess. The citizens of that community would be better off to start a chain letter, than to rely on the Libs or Cons.