Yea, it's pretty ignorant to say the tsx gave two shits about canadian politics that monday, it was in lockstep with the tanking dow anyway. But of course, leave it to politicians and pundits to claim they know dick about the stock markets, when suddenly it coincides as an useful opportunity to bash other parties.
I'm not going to defend the unholy alliance that Dion put together - most L voters I know are extremely pissed at the thought of having NDP involved in policy decisions. Nor will I defend Harper's poor political calculation that resulted in him overstepping the reach of his minority standing in Parliament. But the dollar and TSX are tanking for one and only one reason - commodity prices have gone down the crapper. For all the New Economy talk, the backbone of Canada's economy is still natural resources.
Sorry about your stupidity, the Dow is up 15% from my call. It's idiots like you that make me happy I have my retirement home in Las Vegas. Canada is filled with ignorant sheep. Does anyone remember the Bob and Doug McKenzie Show ? This is not that far from the truth about the people I share this country with.. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/4kkYhCX1uqQ&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/4kkYhCX1uqQ&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object> SOCIALISM SUCKS God Bless America because even with Bush (as much as I hate him) it's still better then this shit.
well, i happen to be cdn and, yes, i do see both the positives and negatives in both countries..... if you think socialism sucks, then go have your heart attack in the us. then, perhaps you will see how badly socialism sucks. crime rates in the us have been very high among g8 countries...why? these people have nothing to loose. there is a sense in canada "we are all in this to-gether" vs the brash materialism of the us....perhaps one of the reasons for the subprime mess. both countries, are good and bad. go move to the us if you must bash canada
Meh, I'm cheering for the coalition. Harper during a recession does the 100% opposite of any sane economist, he lowers taxes and provides no spending. Uh, you're supposed to spend on infrastructure and not lower taxes. As for the auto sector, it's a bigger % of the canadian economy than the US, so imagine the talks that are taking place in the US only multiplied. Also every other country supports their auto sector, just not the US or Canada. We've seen the fallacy last friday that service sector is the way to develop a country, service sector depends on manufacturing sector. The US only got away for so long because of capital inflows allowing a bubble economy to develop. And I see things differently, this isn't a battle of ideologies, socialism vs whatever Harper stands for, this is a clear policy of destroying the middle class and leading us on a path similar to the US, or maybe Argentina. Want to talk about deficits? Deficits are fantastic, you give the rich tax cuts and the rest pay for the national debt. The rich don't pay any taxes. The higher the debt, the more separation between those at the top and those at the bottom. Everything else is filler, Harper is just a very good politician. His last minority government he allied himself with the bloc quebecois. Now scrambling for power the only thing he managed to say was that the coalition which includes the bloc quebecois wants to destroy canadian sovereignty! You can't find a bigger hypocrite, he's been divisive ever since he got in power and now says the COALITION wants to destroy canada. And the coalition has the right to use the democratic system to bring down the current government. Btw, all they want if they suceed is get a new election, they can still lose the next election! Not only that but this coalition is the MAJORITY and the majority of canadians voted for one of these parties. Harper again the best he could do is disband parliament to prevent a decision from being taken, this guy is like a dictator, he only talks democracy when it suits him. Btw Joab, 911. Look it up. And that rally was far stronger than the pathetic rally we're getting, it still looks very much like a bear market on the charts.
Man, I can't believe this is how you feel. You'd rather a separatist, socialist, communist trio manage the economy with a temporary Prime Minister who has already resigned from his party? The Conservatives saw this coming and gave Canadians tax-free savings accounts and reduced the amortization period of mortgages a year ago to try to prevent any further bubbling of the housing sector. For once it feels like a government is doing things that make sense. They're the only G8 nation that isn't just throwing money at the problem (read bail-outs). Why? Because Canadian banks don't need them and because the auto sector is run by American owned companies. Why would they shove money to GM/Ford/Chrysler when we don't even know if they'll go bankrupt or be forced to keep most of their jobs within the United States?
You shouldn't have mentioned socialist, communist and separatist, the labels put on any of the politicians are meant to mislead. The world moved a long time ago from far ranging theories like this, I bet you think Harper has the right ideology? As for your arguments that he is doing all the right things, completely false. First you speak through your "small government" lense as Harper loves to define himself, when any country out there knows to invest in infrastructure during times of recession. I'm not saying to prop up dead sectors, I'm saying infrastructure which is a key element to long term growth. The government didn't do the right things when it came to mortgages, I guess you conveniently forgot it was Flaherty as finance minister of Ontario under Mike Harris that allowed 0% down mortgages. Or maybe you weren't even aware? Where do you get your sources, the National Post or something? His very modest increases are only covering his ass and of playing politics to make it look like they are "ahead of the curve". All Harper does is this, he gives token policies left and right while passing through big ones that will hurt the country long term. tax-free saving account? Am I supposed to be impressed? You again conveniently forgot how he killed income trusts and lost billions of dollars in revenues. Bring those back would have been way better than these tax-free savings accounts. Tell me, will you keep your money in tax-free saving accounts? If you're a piker, you might. For everyone else you keep it invested. Or what about the time Harper pretended to help the auto sector with a few millions to help for capital purchases, wow! Their own economist said that 1% change in the CAD USD exchange rate has a bigger impact than the money Harper gave them. Like I said, he's a great politician but he's robbing the country before our noses. Oh and the best one, he didn't bailout banks! How about this headline : http://ca.news.yahoo.com/s/capress/081112/national/economy_flaherty_7 They bought $50 billions worth of "excellent" mortgages from canadian banks, you multiply that times 10 it's almost as big as the US bailout designed to buy the bad mortgages originally. Did you even know about this one? I'm sure the banks are in better shape, but it's very suspicious they are buying so many mortgages. There is a RE bubble in Canada too. Have you ever seen the new condos they made? They're all so small, they're purely for speculation, not for living. Have you looked at the RE section in the newspaper? As for the autosector, what they're asking IS bridge loans here in Canada, even the US they're not asking for a bailout the size of banks. I think it's obvious they'll want to keep the money spend on canadian jobs. And this is in short how you brainwash people. Punish a few half lies in the newspaper, "forget" to report some other facts, play revisionist historian, use labels and other PR tactics to manipulate people etc. I care because I'm canadian, I'm not an auto sector worker or someone on welfare, I want what's best for my country, for all I know Harper would lower capital gains taxes. After a while, with so many people voting against their own interests you stop fighting for them. We'll see where the country is going, I personally have a very bad feeling with Harper and like-minded assholes at the helm.
Actually I have got sick when I lived in the states and let me tell you the difference was incredible . I got top notch high tech treatment and the best doctors I have ever seen. The treatment was fast and very through and for the whole $500 it cost me it could have saved my life, rather then sitting in an emerg room for 6 hours and getting bum fck doctors that where useless and 25 year old technology but hey it's free but that's not very important when your dead. So I would think before I speak if I were you.
Right because Stafan Dion is a fucking road scholar. The guy is a DWEEB and an absolute fuck up that almost single handed through Canada into a 3 rd world state with this asinine move.