Tuesday, May 5, 2009

Government Bailouts

2009-05-05

07:56:47

Opposition critics say they're concerned about government plans to become more involved in businesses and pick "winners'' to invest.

Progressive Conservative finance critic Ted Chudleigh says it should be consumers, not the government, who pick which businesses should thrive. He says governments have typically picked the companies that cry the loudest - not the best ones.

N-D-P Leader Andrea Horwath says taking any more taxpayer money to boost corporations amounts to stealing from the poor to give to the rich. She says the government should be focusing on ways to help struggling sectors instead of looking at specific corporations.

Economic Development Minister Michael Bryant says the crisis requires "reverse Reaganism'' and that the government must accelerate funds to help jump-start businesses.