MASSE IN THE HOUSE: Speaking on Bloc Opposition Day about Auto Industry Concerns
October 19th, 2009 - 4:00am
OFFICIAL REPORT (HANSARD)
Monday, October 19, 2009
[Business of Supply]
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Business of Supply
Opposition Motion—Forestry Industry
Mr. Brian Masse (Windsor West, NDP):
Madam Speaker, the auto sector has been mentioned a number of times. Coming from an auto sector town, I would like to ask an important question when we look at the overall situation that took place.
The crisis in the financial markets was caused by mismanagement, greed and speculation and much of it has not yet ceased today. Workers in manufacturing plants across Canada have suffered dramatically, including in the auto sector. Prior to that situation, it is interesting to note what the United States had been doing with public policy.
Even under George W. Bush, the United States put aside an alternative vehicle financing facility that looked at its auto sector and provided $25 billion in low-interest loans. In Michigan people have been taking advantage of these loans. Michigan has the new procurement strategy necessary to attract new industry and several battery plant facilities and electric vehicles will be coming online. In fact, overseas operations are reconstituting in Michigan.
Meanwhile, Canada has set up a $50 million fund over five years for a total of $250 million.
What does my colleague from the Bloc think about how we will build a deal with the United States, not only in terms of the auto sector but also the forestry sector, when it had massive subsidization even before this crisis took place?