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When You Need Something Done, Call a Canadian

While Congress and the White House fiddle about with some kind of bailout deal for the Big 3, the Canadian Parliament came across with $2.8 billion.

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Of course, it is a conditional deal – conditional on the U.S. coughing up $14 billion for Detroit automakers. Otherwise, the Canadians will keep their funds.

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Why $2.8 billion, you ask? It’s exactly 20% of the U.S.’s proposed $14 billion loan package – and U.S. automakers make 20% of their cars in Canada. So they’re only paying their fair share.

By the way, the Struggling 3 asked Ottawa for $6.8 billion originally. That has been trimmed back as the U.S. deal was cut down.

If you have comments to share, send to me at [email protected]

– Jim Smith

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