Quote:
Originally Posted by Keith P.
And sadly, most of the online comments are negative and cynical. Talk about a culture of defeat...
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On top of that a lot of the comments I've read are just wrong. The $300M conditional loan to Irving is sometimes spun as an unprecedented level of provincial government spending on industry, but the province spent over $1B on Sydney Steel over the years. The real dollar value is probably much greater than 3-4 times the Irving loan, and there was no promise of tens of billions worth of economic activity.
It's also wrong to pretend that this is unique to NS. Back in 2008 there was a $4B join federal/Ontario provincial government aid package for the auto industry.
The contrast between NS and BC is huge. Here in BC, the (smaller) shipbuilding contract was considered positive and there hasn't been much of a peep about it. Meanwhile, the NS story was a constant stream of excuses and negativity -- it's not going to happen, the numbers are a lie, all the real work will be done elsewhere, it's all just bankrolled by the province, and on and on.