Ottawa Jumps Into the Car Warranty Business
“Government will spend up to $185-million to back warranties of new GM, Chrysler cars to prevent crisis from causing sales collapse.”
Hey. Something doesn’t feel right about this.
I’ve been paying for one hell of a lot of home repairs these past few years. The one thing that isn’t giving me any grief is my car - a Subaru. (Knock on wood.)
But now I’ll be paying for repairs on other people’s cars.
With the bail-outs and now this, I’m beginning to feel I own some of GM and Chrysler via my tax dollars – and I don’t want to.
I budget and manage my own finances and I’m responsible for fixing my own mistakes/repairs. And if I don’t? I’ll have my very own financial crisis and my house will collapse.
Too simplistic a view? So be it.
I still don’t like the way this is playing out.