Corporate welfare is a very bad thing. In capitalism companies must be allowed to succeed or fail on their own. Finally a beginning.
Finally, we have the first noteworthy fiscal restraint the federal government has shown since the deficit spending binge began. Industry Canada is among 13 departments ordered to cut their budgets by 5 per cent this year. This means less tax dollars will be handed out to corporations through regional development agencies. Reductions in what Prime Minister Harper in opposition called "corporate welfare" are a fantastic place to start trimming.