\nThe Conservative government has announced it is loaning aerospace giant Pratt & Whitney Canada $300 million for a $1 billion research project to develop the next generation of aircraft engines.<\/p>\n
Industry Minister Tony Clement made the announcement on Monday saying it will create 700 high-skilled jobs in the GTA and more than 2,000 over the 15-year lifespan of the project. He also claimed the firm is in the process of hiring 200 engineers.<\/p>\n
[. . .]<\/p>\n
\u2018Create and maintain Canadian jobs\u2019 has been the Conservative mantra during their recent shift to Keynesian economics and massive long-term deficits for the next half decade. The same political party that once decried government largesse and inexplicable corporate subsidies (also known affectionately as corporate welfare) is now a major player in the \u2018too big to fail\u2019 macroeconomics game.<\/p>\n<\/blockquote>\n
This is nothing new: under former minister Maxime Bernier, the current darling of the small-government wing of the Conservative party, Pratt & Whitney got $350 million in corporate welfare just four years ago. That debt hasn’t been repaid.<\/p>\n","protected":false},"excerpt":{"rendered":"
Okay, they’re not even pretending to be fiscally conservative any more: The Conservative government has announced it is loaning aerospace giant Pratt & Whitney Canada $300 million for a $1 billion research project to develop the next generation of aircraft engines. Industry Minister Tony Clement made the announcement on Monday saying it will create 700 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,25,53,15],"tags":[123,645,71,549,513],"class_list":["post-6861","post","type-post","status-publish","format-standard","hentry","category-cancon","category-economics","category-politics","category-technology","tag-aircraft","tag-corporatewelfare","tag-debt","tag-maximebernier","tag-research"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-1MF","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/6861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=6861"}],"version-history":[{"count":2,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/6861\/revisions"}],"predecessor-version":[{"id":6863,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/6861\/revisions\/6863"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=6861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=6861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=6861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}