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BTC: ‘Canada is not the United States’


 

(Greetings from Val d’Or.)

So the Toronto Stock Exchange falls 840 points in a day. Jack Layton calls for a meeting of the federal leaders. And the Prime Minister’s response is as follows:

1. I’ll see you at the debates.

2. Our fundamentals are sound.

3. Canada is not the United States.

4. The last thing we need right now is a carbon tax.

A reasonable, careful reaction at a time that demands calm? Or a response somewhat lacking in concern and consideration?


 

BTC: ‘Canada is not the United States’

  1. Is Dion going to susupend his crusade to save Planet Earth now?

  2. A little of column A and a little of column B?

  3. Harper cares about Harper. Perhaps the most egoistical PM we will ever see. Not the economy, not Canadians.

    He will trash Canada.

    ABC all the way.

  4. Val D’Or? Chanceux!

  5. “A reasonable, careful reaction at a time that demands calm?”

    Correct. The reason the tsx fell 840 points today was because all we have been hearing from U.S. is talk of Great Depression if the bailout package wasn’t passed and now we see reaction from investors.

    I’m not sure how it would help if PM came out and suggested we all buy gold bullion and head for the hills.

  6. The budget surplus is at 57% below the 2007 run-rate. Strong fundamentals? Bush has been saying the same thing.

    It could have been worse. He could have said that if there was to be a crash, we’d have seen one by now.

  7. The big US financial interest will make it Canada’s problem, but then it is all part of a plan.
    Melt down the economy, cause panic in the streets – declare martial law and Bush can continue his march towards control of the world supported by puppet Harper

  8. No, jwl, but how about he back up the “sound fundamentals” with some empirical data to support why Canada can expect a qualitatively different economic path than the USA for the next while?

    How does he figure our manufacturing sector – already decimated by a high dollar – will move forward as our largest market shrinks?

    I’ll leave the carbon tax quip alone, but add that the income tax cut might be nice. :)

    He is still the prime minister, despite the election.

  9. The koolaid drinkers are out in full force tonight.

  10. Big Daddy says we’s all safe and sound up here in Canader. He’s got L’il Jim looking after the coffers, after all.

    And anyone of you what don’t believe in Big Daddy can move to Cuba cuz you surely are communist if’n you don’t believe in Biggus Daddius.

  11. Well, Wolf and Ali spent the afternoon having a public breakdown. Apparently the world is ending and there are secret talks about exhuming FDR.
    Doesn’t he know ?

  12. Why is it that no politicians seem to be able to originate a unique phrase? Are thesauruses that rare?

    “The fundamentals are sound.” “Our economic fundamentals are sound.” “We have strong economic fundamentals.” “The fundamentals of the economy are sound.”

    I think what that must mean is we have some factories and some resources, so it’ll be just fine. I don’t know if having a truckful of potash helps you much if you can’t get any money from the bank. We’ll see.

  13. Or, more likely, just plain vapid stupidity.

    “There’s no place like home, there’s no place like home, there’s no place like home, there’s no place like home….”

    Austin

  14. This is what currently passes for “leadership” in Canada. Time for the country to wake up, and demand more from ourselves and our politicians. Tossing out the uninspiring and incompetent Conservatives would be a start.

  15. I vote for: A reasonable, careful reaction at a time that demands calm. And, no I am not a CPC member.

    The honest response… “Look, it is not the PM’s job to see that the TSX index rises to infinite. It is the market’s job to price businesses properly and it is government’s job to stay out of the damn way. It is most certainly the government’s job to protect the taxpayer from foolish decisions that either fail to achieve the market-distorting objective or that make things worse. I just wish responsible political leaders would realize this truth.” …would not go over as well, I guess.

    Although, refreshingly, Harper did say something like “Now is not the time to do something rash and stupid.” I may have slightly misquoted him, but I recall that degree of frankness.

  16. “This is what currently passes for “leadership” in Canada. Time for the country to wake up, and demand more from ourselves and our politicians. Tossing out the uninspiring and incompetent Conservatives would be a start.”

    Yeah and who will replace them? The other parties and leaders are even worse.

  17. I’m surprised Pappy Steve didn’t say we’d have to elect more conservatives before he’d deal with the crisis.

  18. Jarrid: “The koolaid drinkers are out in full force tonight.”

    Congratulations Jarrid, you’re a one-man tour de force of obliviousness. So self-unaware that you could probably rip the space-time continuum with the force of your unintentional irony.

  19. “The koolaid drinkers are out in full force tonight.”

    koolaid, properly chilled, and with the prescribed amount of sugar, is delicious.

  20. Do people here seriously think that anything remotely useful would result from Harper talking about the credit markets to the other three idiots running political parties in Canada?

    You guys crack me up.

  21. What exactly is the fully-costed, detailed Conservative party platform? No sign of one yet. You can’t do long term planning if you don’t have a long term plan.

  22. Although, refreshingly, Harper did say something like “Now is not the time to do something rash and stupid.”

    …because, obviously, that time was from when he was elected to when the writ was dropped. Still having a surplus and/or a contingency fund sure would be nice right about now…

  23. Well, we do have a surplus, something like $3 billion.

    How much excess taxes would you like the Gov’t to hoard in order for you to feel safer at night?

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