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Maybe mom should scoop some under-valued stocks


 

After a rather cool message delivered in the unsteadily beating financial heart of Toronto today, the Prime Minister tried for a warmer tone at an evening rally in an airplane hanger in Hamilton.

“Canadians are worried right now, those worries are understandable,” he told a throng of Tory faithful. “My mother is with my kids tonight. I’m sure she’s worrying about her savings. I worry about my kids’ future. That’s why we’re in this—that’s why we’re putting ourselves on the line in this election.”

Bringing up his mother prompted some eye-rolling. But he needs to at least try to reach out to very fearful voters, without laying it on too thick.

“In unstable times Canada is on a clear and steady course,” he said. “We are staying on it to protect individuals, families and communities. As Conservatives, we focus on the individual, the family and the community.”

Not bad, really. He went on to say “big numbers matter less than the individual reality—the employee concerned about her job, or the family working hard to pay the mortgage and put food on the table, or the senior worrying about their savings.”

That’s a list, to be sure, not a cry from the heart, but he’s needs lines like this. It’s better than the “buy” recommendation he issued earlier in the day.


 
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Maybe mom should scoop some under-valued stocks

  1. “That’s why we’re in this—that’s why we’re putting ourselves on the line in this election.”

    Up until this morning, when he denied he had ever said it, they were putting themselves on the line because parliament was dysfunctional.

    jeepers. Eurasia has always been at war with Oceania.

  2. isn’t this a direct contradiction of what he said in the debates, when he said that (and I paraphrase) Canadians aren’t worried about losing their jobs, they’re concerned about their stocks?

    If I were the opposition parties, I’d be reminding everyone about that debate clip…

  3. You’re right, it is politically tone deaf to say now is the time to buy.

    But it does have the virtue of being true. You sell during maximum market optimism and you buy during maximum market pessimism.

    I would far prefer the MARKET decide the value of the TSX, and the government not talk too much about the TSX. I would far prefer the government to talk about minimal tinkering to let the market work. Things like a stable well-capitalized banking sector, low inflation, reduced taxes and government waste, continued erosion of the public debt…

    Hmm, if I put it that way, I have only one option on the 14th. And they ain’t perfect, oh Lordy but they ain’t perfect, but they’re less bad than the other hyper-interventionists.

  4. “It’s better than the “buy” recommendation he issued earlier in the day.”

    Channeling Brit Hume – Not a good idea.

  5. Ummm… So other than the “clear and steady course” quote, he’s plagiarizing Jack Layton now?? All that he missed was a reference to the kitchen table.

  6. How many rolled their eyes John 5, 10, 20%? Or just you and the rest of the reporters. What is the reasoning for that addition? Did it add anything to your comment?

    And what is wrong with buying now? Are you the financial advisor now? Whats your recommendation sell at a huge loss, or ride it out if you can afford it.

    Or maybe just maybe, this market meltdown will force all Canadians (and everybody around the world) to go back to living within their means, pay as you go, and consume less, etc.

  7. Wasn’t there a discussion here yesterday about whether or not the prime minister expoits his family for political gain?

    His momma?

    Can we have some policies please?

    Starkin’ right.

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