HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Stupid hemer-hoid THINKS the economy is the problem!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Its the DEBT YOU DOORKNOB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Western civilization...................................under LIE-beral guidance........................................
is exploring hitherto UN-IMAGINED LEVELS of debt and govt financial FRAUD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Here is an article explaining CYNICAL LIE-beral values! With some comments of my own in brackets):
Canada collects $839M in steel and aluminum tariffs, but aid for sector mostly unspent.
By Janyce McGregor. CBC.ca
Published January 27, 2019
Sault Ste. Marie MP Terry Sheehan and federal Minister of Innovation, Science and Economic Development Navdeep Bains met steelworkers in Sault Ste. Marie earlier this month, as new financing was announced for Algoma Steel Inc.
Foreign Affairs Minister Chrystia Freeland told an interviewer in Davos this week that once the U.S. drops its steel and aluminum tariffs, Canada will too, "30 seconds later."
Until that day comes, the extra taxation is pretty lucrative for the federal government. Finance Canada says $839 million was collected in the six months leading up to Dec. 31 from retaliatory tariffs on imported American steel, aluminum and other products.
(Oh nice- so in a year our always GREEDY FOR GRAVY LIE-berals will have collected $1.678 billion dollars - without feeling any urgency about handing ANY of it out to Cdn manufacturers who are being hard hit because Our idiot Boy wants to bully Trump on gender and native issues rather than discuss REAL TRADE and national security issues that VEX the Yankees!!!!!!!!!!!!!!!!!!!)
Canada didn't start this tariff spat, and from the prime minister on down every Canadian official says he or she wishes it would end. The tariffs on both sides of the border have disrupted supply chains and added extra costs for consumers and businesses across a wide range of industries.
(Yes- actually Canada DID START this spat by ignoring organized crime, Chinese spies using Canada as a base of operations and by importing a horde of Muslims so called immigrants- who virtually ALL came out of camps run by HAMAS TERRORISTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!)
(Our idiot Boy is deliberately IGNORING Legitimate Yankees fears that Canada is becoming a TERROR HAVEN and criminal sanctuary and thus the tariffs are a way to punish us for being STUPID!! WE can expect the tariffs to remain until we get smarter about national security issues!!!!!!!!!!!!!!!!!!!!!!!!)
(And it is not helping that at the time Our idiot Boy was elected- Canada was spending HALF the specified NATO minimum commitment on our military and Our idiot Boy cut that pathetic effort by HALF again as his first act as PM!!!!!!!!!!!!!!!!!!!)
All the same, the new revenue is on track to hit the $1-billion mark by the time Finance Minister Bill Morneau tables his final pre-election budget this spring.
(Considering that LIE-berals have taken MULTIPLE HITS for their wild spending ways we should ask if LIE-berals are DELIGHTED to have this billion dollar plus wind-fall profit????????????????)
And this figure doesn't include the 25 per cent surtax now collected on seven categories of steel imports from countries beyond the U.S. (Countries with whom Canada has a free trade agreement in place are mostly exempted, although some categories of Mexican steel were included.)
This "emergency safeguards" surtax is intended to prevent cheap foreign steel displaced from the U.S. market from disrupting supply chains in Canada.
Finance Canada told CBC News Friday that it's too early to report how much revenue the safeguards are bringing in.
(Uh huh!! NO doubt the same accountants who are FUDGING THE NUMBERS for the actual number of illegals -along with HOW MUCH they cost us - are counting the Tariff Cash as well!!!!!!!!!!!!!!!!!!!!!!!!!)
Hearings on the merits of extending these safeguards beyond the 200-day period announced by Morneau in October wrapped up at the Canadian International Trade Tribunal on Thursday afternoon, with domestic steel producers arguing the safeguards were necessary to prevent a surge of foreign steel, while customers and foreign suppliers questioned whether there's solid evidence that these imports represent a genuine threat.
(And WHO ARE these “foreign suppliers”?? In the recent past Trump has complained that Chinese manufacturers are DUMPING their products in United States while HIDING behind Cdn middle men!! LIE-berals have allowed their anti Yankee HATE to get the better of common sense and logic!!!!!!!!!!!!!!!!!!!!!!!!)
Before the retaliatory tariffs started last June, the Liberal government announced a $2-billion assistance package for the steel and aluminum sector — to acknowledge the impact of the tariffs on businesses and to offset any impression of federal coffers profiting from cross-border trade misery.
Six months later, only a small amount of that aid package has been allocated. And because much of it takes the form of repayable financing, over the long term the cost to the government may not be anywhere near the value of the tariff revenue it's raking in.
(Only a SMALL PART of the aid offered by LIE-berals has been used?? Well - BAIT AND SWITCH IS a LIE-bera Mantra!! We have only to look at Ontari-owe LIE-beral Dalton McGinty who grandly offered $100 million dollars to “retrain” laid off auto workers in 2008!! And then attached so many strings to the money that only FIVE PERCENT OF IT WAS EVER USED!!!!!!!!!!!!!!!!!!!!!!!!!)
The government's aid package for the steel and aluminum sector included:
$250 million from the Strategic Innovation Fund administered by Innovation, Science and Economic Development (ISED) Canada, set aside for steel or aluminum companies that need funding for new capital expenditures or other "innovation investments."
$800 million in financing from the Business Development Bank of Canada, available to help companies expand into new markets, improve their efficiency or upgrade their technology and equipment.
$900 million in financing from Export Development Canada, available to provide extra support for companies' working capital and help mitigate higher-risk investments.
The Strategic Innovation Fund has made only two announcements so far about help for steel or aluminum companies.
In October, nearly $50 million in repayable funding was allocated to ArcelorMittal Canada Inc., which is modernizing its plants in Hamilton and Contrecoeur, Que. And earlier this month, ISED announced that Algoma Steel Inc. in Sault Ste. Marie, Ont., would receive $30 million in repayable financing from this fund, as well as another $60 million from FedDev Ontario, as it emerges from bankruptcy protection and restructures its operations.
(OH- REPAYABLE FUNDS? Sounds like a LOAN!! LIE-berals DO NOT DO FREEBIES !! The gravy is THEIRS!! Regardless of source!!!!!!!!!!!!!!!!!!!!!!!!!!!)
Taken together, these add up to less than one third of the money available from ISED. While this fund has criteria for allocating both repayable and non-repayable contributions, both of these steel companies got repayable financing.
(OH- Our idiot Boy actually handed out ONE THIRD of the bait and switch cash? He is doing better than McGinty at least!!!!!!!!!!!!!!!!!!!!!!!)
As of Dec. 31, BDC had authorized 397 loans, worth just over $255 million of the $800 million that was announced.
(ROB Peter to pay Paul - is a LIE-beral axiom!!!!!!!!!!!!!!!!!!!!!!!!!!!)
For its part, EDC told CBC News that it has supported 26 companies in the steel and aluminum sectors, providing $169.1 million in financing, bonding and insurance support.
While that falls far short of the $900 million that was announced, spokesperson Jessica Draker wrote that "we expect continued uptake in the short term in light of the trade climate."
(Yes- LIE-berals “uptake” gravy from all manner of sources!!!!!!!!!!!!!!!!!!!!)
Because the services provided by these Crown corporations can be loans or insurance products provided on commercial terms, they aren't announced by press release or disclosed publicly in detail, making it difficult to track exactly who is benefiting from the federal aid package or to what extent.
(Surely NOBODY IS SURPRISED that LIE-beral ADDICTION to dirty back room deals ENDURES????????????????)
The remainder of the $2-billion package wasn't directed at domestic producers. Global Affairs Canada's trade commissioner service is getting $50 million in new funding.
In addition, $50 million was made available to provinces for training programs for displaced employees. Another $25 million could fund temporary extensions to work-sharing agreements to mitigate job losses.
(So LIE-berals are operating according to STANDARD PROCEDURE - and handing out CASH TO BUY VOTES!!!!!!!!!!!!!!!!!!!!!!)
Some exemptions are possible for these tariffs; these are also hard to track.
Up to $285 million could be refunded to affected companies, but applications for exemptions are approved by a federal interdepartmental committee, according to the following criteria:
a lack of domestic market supply, either nationally or regionally — leaving no choice but to import.
contracts dated before May 31, 2018 that required the use of U.S. steel or aluminum (such as requirements defence contractors face).
other exceptional circumstances that risk "severe adverse impacts" on Canada's economy.
(So- LOTS OF ROOM FOR LIE-berals to hand out gravy to THEIR PALS - WITHOUT much public scrutiny!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!)
CBC News asked how much of this $285 million has been refunded so far, but Finance Canada said Friday the data are not yet available. Previously, the government would not disclose which companies received exemptions, for what reasons, or in what amounts.
(LIE-berals DO NOT LIKE nosy people READING over their shoulders!! Nor do LIE-berals enjoy critical examination of their selfish choices!!!!!!!!)
A smaller amount — $18.5 million — is available to be waived under the Canada Border Services Agency's duty deferral program.
"Assessments are ongoing in regard to applications for surtax relief," a spokesman for Finance Canada wrote CBC News this week.
(Uh huh - LIE-beral back room deals coming up like Mushrooms after rain!! All this “assessment review” and money that “may be available” or which loans may be “waived”!! It is just LIE-berals playing their Three Card Monte Grifters Game for the Cdn Rubes !!!!!!!!!!!!!!!)
Affected companies can also apply for exemptions from the American tariffs. In its first few months, the U.S. exemption process was called "arbitrary" and "screwed-up" as American steel companies lobbied the U.S. Commerce Department to reject certain exemption requests.
(YES- LIE-berals - on both sides of the border - LOVE supplicants- LIE-berals ENJOY seeing beggars LINED UP seeking LIE-beral AID in exchange for VOTES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)
