Wednesday, April 11, 2007

Chrysler Inc. vs. Liberal Inc.

Better to take over a failing Big Three Auto company than to play in the back benches of a failing political party.

Onex, Magna eyeing joint Chrysler bid: report

Belinda Stronach leaving politics for Magna

Belinda Stronach to return to Magna as it grapples with Big Three auto woes

Belinda Stronach, the former Canadian cabinet minister who made national headlines for both her political and personal life, has decided not to stand for re-election and will rejoin the ranks of Magna International Inc. (MGa.TO: Quote, Profile, Research) as the auto parts company's executive vice-chair.

The Liberal politician, the daughter of Magna founder and Chairman Frank Stronach, said on Wednesday that encouragement from the company's leaders played a part in her decision.

"My father is looking to the future, the company is facing important strategic decisions, and the Canadian and global auto sector and economy are in a period of great challenge," Stronach said in a statement.

"So I am stepping aside from elected politics for the time being and will now take part in public life in a different way."

While in the Liberal party the best she could do around globalization was focus on mosquito netting.

Belinda Stronach focuses on global projects

Now she can focus on the real impact of globalization and how Daddies company exploits workers world wide.

Magna International's workforce dropped by about 1,150 net jobs in Canada last year as tough industry conditions dented the auto-parts colossus.

It marks the first time in more than a decade that annual employment at the country's largest industrial employer declined.

Magna's annual information form shows employment fell about 5 per cent to 21,050 from a peak of 22,200 in Canada during 2005.

Magna's information form also reveals that while employment decreased here, the company's overall workforce in 23 countries climbed marginally by 450 jobs to a record 83,250 in 2006 from 2005. Every other region in the Magna empire posted job gains.

Senior Magna executives have said in recent years that the company can stay competitive only by producing parts in lower-cost regions and near where auto makers build new assembly plants around the world.

It has led to strong increases in Magna's workforce in Mexico and Asia in recent years.

Although auto makers have expanded some operations here during the past decade, they have added only one assembly plant.

Three other assembly operations have also closed.

This shows that the good ship Liberal is leaking from all seams after electing Dion to be Captain. He relegated Belinda to the back bench, a big mistake.

And clearly internal party communications are not good, since the Liberals would not have appointed their favorite pet feminist Martha Hall Finlay to a safe seat in Toronto if they knew Belinda was quiting. Since she was the candidate in Newmarket kicked out for Belinda.

Of course with the woof and wiff of capitalist deal making over Chrysler during the past two months on could say this was a unexpected momentary decision. But clearly since she decided not to contest the leadership for the party, the writing was on the wall.

The selection of Dion as leader and his lack luster performance since then can only have hastened her decision. Whose your daddy? Well Belinda knows. Better to work for a Strong Daddy than a weak Dion.

As I have said many times Dion is the safe man, the safe choice, the third way, all which makes him a lame duck. Belinda leaving is a sure fire indictment of all the Liberals failures to change, despite Gerard Kennedy's assertions otherwise, and Dion's failure as Leader.


Chrysler Made In Canada?

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