Honda is Canada’s Latest Welfare Recipient

I mean if you are to lavash billions of taxpayer dollars on battery plants , the car companies themselves better get in on the act .

And so as night follows day Ottawa and Toronto, Federal and Ontario  Governments fork out borrowed money to a wealthy Japanese car maker. 

The scale of the support is huge. 

The project is to cost $15 billion—at least now at the outset. 

And taxpayers are to kick in $5 billion  —$2.5 billion from each of the Governments. That’s one third of the cost. 

How many new jobs —1000. 

Is that $5 million per job?

Of course, this is alleged to save the existing jobs, too. . But you have to say that politically to bring down the cost of the new job. And there was $131 million government assistance provided on the existing infrastructure.

And how about this? 

Reuters just reported that Honda is projected to make  $8 .4 billion on operating profit this year. 

And these electric vehicles that this project is to promote are not selling—-Ford is losing over $60,000 per electric vehicle.

And this is not green . The cobalt and lithium used in batteries is from environmentally polluting mines and often using slave labour and the wind turbines and solar farms destroy millions of acreas of land and disrupt the ecology.

Ah, Canada —your fatal taste for socialism and the wok agenda keeps you an economic cripple !!