Justin Trudeau isn’t giving Canadians or the opposition parties much time to look over his dangerous giveaway to big banks (AKA the Canada Infrastructure Bank). What is he hiding?
As I wrote previously, the infrastructure bank will benefit powerful financial institutions at the expense of Canadian taxpayers:
The bank is being set up with $35 billion in government funding – which will then supposedly be supplemented by investments from elsewhere. Of course, it’s been set up so that if there are any massive losses Canadian taxpayers will take the hit before the banks lose a dime. It’s the same kind of thinking that was behind the bank bailouts: Socialism for the banks – capitalist competition for the rest of us.
Now, it has been revealed that the bank will be rammed through the House of Commons with as little as two hours of study.
As reported by the Globe & Mail, “The division of work will include a special one-day study next Tuesday – likely limited to one or two hours – focused on the proposed Canada Infrastructure Bank. The hearing will be conducted by the Commons committee on transportation, infrastructure and communities. The finance committee members will also ask questions about the bank as part of their review of the entire bill.”
Keep in mind, this is a $35 billion program – two hours of study is obviously not even close to enough time for due diligence.
Trudeau is clearly hiding something
A massive amount of money is going into the infrastructure bank. Why would the government want to push such a complicated and consequential piece of legislation through so quickly?
It’s the kind of anti-democratic behavior shown by a government that has something to hide. It’s important to note that BlackRock – the world’s largest wealth fund – got months to influence the bill, Canadians get just two hours.
Trudeau’s arrogance has reached record levels. He isn’t even trying to hide the fact that he only serves the elites. His contempt for Canadian taxpayers is growing with each and every day.
The Canada Infrastructure Bank is expected to be rammed through the House of Commons by the end of next week.