FOR IMMEDIATE RELEASE
Toronto, ON – Today, Kevin O’Leary, Leadership Candidate for the Conservative Party of Canada, announced that corporate welfare and irresponsible business bailouts will be over under an O’Leary government. After Justin Trudeau threw borrowed money at Bombardier and moved the country even further away from a balanced budget, O’Leary announced that under his Leadership, any industry that requires federal money must meet two strict conditions: 1) issuance of a productivity dividend; and, 2) a return on investment for Canadians.
“It is absolutely unacceptable that Canadians’ hard earned tax dollars are being wasted on companies, like Bombardier, with no benefit to them. Trudeau made a bad deal, and Canadians are left paying the price,” said O’Leary. “Trudeau didn’t use this money to protect the over 2,000 people in Canada that Bombardier is laying off. Instead, he is basically rewarding them,” O’Leary noted.
O’Leary, a successful international businessman who has a reputation of investing in smart entrepreneurs and in growing businesses, has put on notice all companies that receive corporate welfare. O’Leary explained that photo-ops and ribbon cuttings do nothing to help Canadians struggling to find good-paying jobs or help grow the economy, and that is going to end.
“The days of corporate handouts and free money is over. If a deal doesn’t stimulate growth, create jobs, and provide a return on taxpayer’s investments it won’t get supported under an O’Leary government,” said O’Leary. “We need to get Canada’s economy growing at 3% and to do this we need to increase productivity and expand the workforce. Bombardier’s deal does nothing to advance either of those issues. In fact, this deal doesn’t even guarantee the government will ever get one penny back from Bombardier,” noted O’Leary. “Companies can either succeed or not, but they shouldn’t get a free ride on the backs of hardworking Canadians.
O’Leary is the only Leadership candidate who has taken the Trudeau government to task on this issue and who has made it clear the days of corporate handouts will be over under his watch. The Conservative Party of Canada will choose a new Leader on May 27th in Toronto.
Ari S. Laskin, Press Secretary | Attaché de presse