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Phillip Hong
8 February, 2009
It is chilling to hear that this country has lost at least a hundred thousand jobs according to a Statistics Canada report. The automobile industry is definitely affected considering the endless layoffs, slowdowns and temporary shutdowns that have affected much more than just the manufacturer.
We can't deny the fact that Ontario's economic progress for the past few decades is due to the auto sector. We have to thank the average family to American and Japanese automakers for enabling many people to survive in this area.
There are some who believe that the auto industry should be cut down immediately. "If they fail, they fail". But considering that the livelihoods of many that are based on the success of the car, it would be at least impossible to seriously consider that.
Why would anyone need banking if there is no money to go around and no means of paying back debts? How could we maintain our hospitals, our schools, our government services without tax revenue? That's a question to solve and just telling everyone who gets laid off that they only had "bad luck" - bad luck doesn't pay the bills for either the government or the average middle class citizen.
Let's face it. The auto industry is our backbone. At least I'm not afraid of admitting that.
What can we do to alleviate the problem? How will we survive this recession? I am one of the minute few who don't suggest that tax cuts are the answer.
How could we fund any deficit spending if the coffers, federal and provincial, dry up? If we spent money completing infrastructure projects like the Mississauga Transitway, ready in everything except for funding, we could get those caught up in the auto meltdown to work. The tendering system should include local labour requirements no matter how much "free trade" suffers. We need work, not government handouts.
Why can't we produce our own transit vehicles in the Greater Toronto Area? Considering the fact that people don't buy enough cars to keep the economy running, I'm sure subway trains and other potential transit vehicles, current and future, will need parts and other related whistles that are similar to what cars need.
The governments of this country should make a good decision for the environment as well as for commuters by forcing transit operators to buy from home literally, and fund conversions for existing auto factories in loans and grants to enable these places to operate again.
Income tax cuts are useless if there is no income in the first place.
Phillip Hong is a presenter on PLL, SRN Mediaworks' morning programme. "The fun" starts at 5 am every morning, on SRN One.
     
 
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