So who took out the support at $1.30...Everything was holding till 3.20 when a 400k sale took it out.

As per your assesment of the Conservative party.Not exactly correct. The Conservatives did have an idiologic problem with going on a spending spree and bailing out the auto industry.In fact they initially said there weren't going to when the market crashed HOWEVER if you'll remember the 3 opposition parties demanded the spending and formed a coalition to overthrow the Conservatives. Harper then prorogued Parliment and put an end to the coup. The Conservatives were FORCED to agree to bailouts and defecit spending under threat of another coalition attempt..You should also mention the Conservatives kept the stimulus spending to 50 billion when the opposition demanded 70.

You should also recognize the fact that The Harper Conservatives were a minority government therefore they had to govern center left to keep the opposition support. The Conservatives now have a majority and can impliment their agenda without compramise. Time will soon tell if they rule like the old Progressive Conservative ( center left) or like real Conservatives.