Oh yeah, I should have added we are talking about going over budget to a cost of 20 billion for Afghanistan when this government made us think to expect 8 billion which is still a huge amount of money for our country.
Harper: Worst economic steward in Canada's history?
- Thread starter elevennevele
- Start date
Credit crisis hits Canada
Tags: The global credit crisis is starting to restrict the ability of Canadians to obtain loans for mortgages, cars and investments, Canada's finance minister said Thursday.
Tags: The global credit crisis is starting to restrict the ability of Canadians to obtain loans for mortgages, cars and investments, Canada's finance minister said Thursday.
Excellent thread.
I was thinking this morning what that 20 billion pumped into small community industires and medi-care could have accomplished. When we take into account those no bid contracts you highlighted earlier in this thread it points to criminal neglect of the Canadian economy and therefore to the citizens of this country Harper and cabinet have some snswering to do, in court.
We have accomplished nothing in Afghanistan and never will except the animosity of the people of the region and the stuffing of defence contractors and their lobbyists.
http://www.foodsafetyfirst.ca/
This doesn't look like good steward ship to me. I just heard on the news its a form of deregulation, deregulating something that is protecting our life doesn't seem like a policy of what I'm looking for in a PM.
http://www.cbc.ca/consumer/story/2008/10/07/easter-reaction.html
Thanks for the link Nuggler
This sure looks suspicious, not willing to authorize a judicial inquiry that could go right to the office of the PM.... hmmmmm . But then I can understand him not wanting to authorize a judicial inquiry that could lead to his own office.
Do we really want these types of policies to keep running our economy into the ground.
- hospitals closing down
- lack of proper funding for health care
- false transparency
- loss in production
- deregulation
- improper funding to education and childcare
- cuts to the arts
- etc.
This doesn't look like good steward ship to me. I just heard on the news its a form of deregulation, deregulating something that is protecting our life doesn't seem like a policy of what I'm looking for in a PM.
http://www.cbc.ca/consumer/story/2008/10/07/easter-reaction.html
Thanks for the link Nuggler
This sure looks suspicious, not willing to authorize a judicial inquiry that could go right to the office of the PM.... hmmmmm . But then I can understand him not wanting to authorize a judicial inquiry that could lead to his own office.
Do we really want these types of policies to keep running our economy into the ground.
- hospitals closing down
- lack of proper funding for health care
- false transparency
- loss in production
- deregulation
- improper funding to education and childcare
- cuts to the arts
- etc.
Don't forget about his military agenda that will cost us 490 billion dollars over five years, announced June of this year.
Please provide a link to anywhere that quotes 490 billion. At 490 billion we would be the worlds second largest military power. The US is predicted to spend 500 billion, China and Russia will each be at around 300 billion over 5 years. Canada will spend 19 billion next year increasing 2% per year, so just over 100 billion.
http://www.cbc.ca/news/background/cdnmilitary/
http://www.globalsecurity.org/military/world/spending.htm
Google is your friend, use it
I can't believe I'm typing this but the Beav is right, It wouldn't of mattered who was in power here in Canada. The failure of the American banking system and then the economy would have had the same effect.
Now its just a matter of who do you feel will pull us through this without hitting our wallets? Harper, Dion, or Layton?
Subsidizing industry and its R & D here in Canada is not the evil Jack Layton makes it out to be. Having our own industry in decent shape and ready to go when the US does recover might give them advantages and get them in markets long before US industry can. This would equal jobs here first. Jack would promise to keep a horse carriage factory open if it meant he'd get a few votes. We can only hope that protectionist policies don't become the trend south of the border and shut us out of where 75% of our export trade ends up. Now that would cause a real disaster for southern Ontario and Quebec.
Now its just a matter of who do you feel will pull us through this without hitting our wallets? Harper, Dion, or Layton?
Subsidizing industry and its R & D here in Canada is not the evil Jack Layton makes it out to be. Having our own industry in decent shape and ready to go when the US does recover might give them advantages and get them in markets long before US industry can. This would equal jobs here first. Jack would promise to keep a horse carriage factory open if it meant he'd get a few votes. We can only hope that protectionist policies don't become the trend south of the border and shut us out of where 75% of our export trade ends up. Now that would cause a real disaster for southern Ontario and Quebec.
It was in a thread I believe by dark beaver or lone wolf in the last couple of days.
If I am incorrect on that I apologize to the members that I mentioned.
Scratch said 490 billion over 5 years, it's 19 billion next year rising 2% per year, so about 110 billion over 5 years and 490 billion over 20 years sounds close enough.
If Dion and Layton still want to send the troops to Sudan right after Afghanistan is done that budget will double, at least. Oh right, we can't talk about that now there's an election and that wouldn't get votes would it.......
http://forums.canadiancontent.net/canadian-politics/71085-buzzword-jack-layton-just-another.html
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I stand corrected and apologize for my stupidity.
I would though like to find that post.
scratch
What we should be subsidizing is any effort to recover our industrial base but it must be built at the community level and to fit the domestic market, we have to start with the basic necessities and concentrate on regional rather than global and we absolutly must heavily regulate capitalists at the very least. Nothing should leave this country that hasn't had the maximum value added. Protectionist policies will become the norm Lineman, look what it's costing us under NAFTA, the only thing freed was capital. We have to get out of the raw material export business as much as possible every country does. I believe the economy will never be the same as it was last year or last week nor should it be. Whatever is coming it's not going to be good for a long time to come. It can't possibly be anything but rotten with the present concentrations of wealth and the breakdown of democracy, so before we get to fixing our economy by changing it we will go through a very violent rough patch while the crime of capitalism is dealt with once and for all. Those politicians offer no solution to a systemic problem they are a functioning part of. Untill we have a peoples democracy instead of democracy of capital we will entertain an ever shrinking standard of living. Things should never have happened this way again but they did and deregulation of capital did it.IMO
FEMA sources confirm coming martial law
By Wayne Madsen
Global Research, October 9, 2008
Wayne Madsen Report
WMR has learned from knowledgeable Federal Emergency Management Agency (FEMA) sources that the Bush administration is putting the final touches on a plan that would see martial law declared in the United States with various scenarios anticipated as triggers. The triggers include a continuing economic collapse with massive social unrest, bank closures resulting in violence against financial institutions, and another fraudulent presidential election that would result in rioting in major cities and campuses around the country.
[FONT=verdana,helvetica,sans-serif] [FONT=times new roman,new york,times,serif] [FONT=verdana,helvetica,sans-serif] [FONT=verdana,helvetica,sans-serif] In addition, Army Corps of Engineer sources report that the assignment of the 3rd Infantry Division’s 1st Brigade Combat Team (BCT) to the Northern Command’s U.S. Army North is to augment FEMA and federal law enforcement in the imposition of traffic controls, crowd control, curfews, enhanced border and port security, and neighborhood patrols in the event a national emergency being declared. The BCT was assigned to duties in Iraq before being assigned to the Northern Command.
On April 3, 2008, WMR reported on a highly-classified document regarding the martial law scenario:
Here at home, our maladjusted economic system will only be sustained by somewhere in the neighborhood of $2.0 TN of new Credit. It’s simply not going to happen. The $700bn from Washington would seem like an enormous amount of support. In reality, it’s nowhere even close to the amount necessary for systemic stabilization. To the $2.0 TN or so of new Credit required this year (and next) add perhaps as much as several Trillion more necessary to accommodate speculative de-leveraging (liquidations forced by huge losses). Importantly, the Bust in Wall Street Finance has ensured that insufficient liquidity will be forthcoming to maintain inflated asset prices and sustain the Bubble economy – creating catastrophe for the leveraged speculating community.
The “Freidmanites” thought they understood the (post-crash) policy mistakes that led to The Great Depression. They believed the “Roaring Twenties” was the “Golden Age of Capitalism.” The great bust could have been avoided with a simple ($5bn or so) banking system recapitalization. As we are witnessing today, the issue is not some manageable amount of new “capital” to replenish banking system losses. Instead, the predicament is the massive and unmanageable amount of new Credit necessary to, on the one hand, sustain a mal-adjusted Bubble Economy and, on the other, the Trillions more required to accommodate a gigantic speculative de-leveraging. I have a very difficult time seeing a way out of this terrible mess.
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By Wayne Madsen
Global Research, October 9, 2008
Wayne Madsen Report
WMR has learned from knowledgeable Federal Emergency Management Agency (FEMA) sources that the Bush administration is putting the final touches on a plan that would see martial law declared in the United States with various scenarios anticipated as triggers. The triggers include a continuing economic collapse with massive social unrest, bank closures resulting in violence against financial institutions, and another fraudulent presidential election that would result in rioting in major cities and campuses around the country.
[FONT=verdana,helvetica,sans-serif] [FONT=times new roman,new york,times,serif] [FONT=verdana,helvetica,sans-serif] [FONT=verdana,helvetica,sans-serif] In addition, Army Corps of Engineer sources report that the assignment of the 3rd Infantry Division’s 1st Brigade Combat Team (BCT) to the Northern Command’s U.S. Army North is to augment FEMA and federal law enforcement in the imposition of traffic controls, crowd control, curfews, enhanced border and port security, and neighborhood patrols in the event a national emergency being declared. The BCT was assigned to duties in Iraq before being assigned to the Northern Command.
On April 3, 2008, WMR reported on a highly-classified document regarding the martial law scenario:
WMR has learned from knowledgeable sources within the US financial community that an alarming confidential and limited distribution document is circulating among senior members of Congress and their senior staff members that is warning of a bleak future for the United States if it does not quickly get its financial house in order. House Speaker Nancy Pelosi is among those who have reportedly read the document.
The document is being called the "C & R" document because it reportedly states that if the United States defaults on loans and debt underwriting from China, Japan, and Russia, all of which are propping up the United States government financially, and the United States unilaterally cancels the debts, America can expect a war that will have disastrous results for the United States and the world. "Conflict" is the "C word" in the document.
The other scenario is that the federal government will be forced to drastically raise taxes in order to pay off debts to foreign countries to the point that the American people will react with a popular revolution against the government. "Revolution" is the document’s "R word.
The Wall Street Bust
By Doug Noland
Global Research, October 9, 2008
prudentbear.com - 2008-10-02
[/FONT][/FONT][/FONT][/FONT]The leveraged speculating community played such an integral role in the overall Credit Bubble and, more specifically, to the Bubble in Wall Street Finance. They were instrumental in both spurring financial sector Credit creation/leveraging, while directing this Flood of Finance to the asset markets. And the more the leverage and the greater the Flow to inflating markets, the higher the returns generated by this expanding pool of speculative finance. And the greater the returns, the more robust the “investment” flows into the hedge fund community – spurring more leverage and more potent fuel for additional self-reinforcing asset inflation. Well, this historic speculative Bubble is now in the process of blowing up. One of the greatest manias ever – surely The World's Greatest Episode of “Ponzi Finance” – is absolutely coming apart. And the wreckage is accumulating in all markets – everywhere.The document is being called the "C & R" document because it reportedly states that if the United States defaults on loans and debt underwriting from China, Japan, and Russia, all of which are propping up the United States government financially, and the United States unilaterally cancels the debts, America can expect a war that will have disastrous results for the United States and the world. "Conflict" is the "C word" in the document.
The other scenario is that the federal government will be forced to drastically raise taxes in order to pay off debts to foreign countries to the point that the American people will react with a popular revolution against the government. "Revolution" is the document’s "R word.
The Wall Street Bust
By Doug Noland
Global Research, October 9, 2008
prudentbear.com - 2008-10-02
Here at home, our maladjusted economic system will only be sustained by somewhere in the neighborhood of $2.0 TN of new Credit. It’s simply not going to happen. The $700bn from Washington would seem like an enormous amount of support. In reality, it’s nowhere even close to the amount necessary for systemic stabilization. To the $2.0 TN or so of new Credit required this year (and next) add perhaps as much as several Trillion more necessary to accommodate speculative de-leveraging (liquidations forced by huge losses). Importantly, the Bust in Wall Street Finance has ensured that insufficient liquidity will be forthcoming to maintain inflated asset prices and sustain the Bubble economy – creating catastrophe for the leveraged speculating community.
The “Freidmanites” thought they understood the (post-crash) policy mistakes that led to The Great Depression. They believed the “Roaring Twenties” was the “Golden Age of Capitalism.” The great bust could have been avoided with a simple ($5bn or so) banking system recapitalization. As we are witnessing today, the issue is not some manageable amount of new “capital” to replenish banking system losses. Instead, the predicament is the massive and unmanageable amount of new Credit necessary to, on the one hand, sustain a mal-adjusted Bubble Economy and, on the other, the Trillions more required to accommodate a gigantic speculative de-leveraging. I have a very difficult time seeing a way out of this terrible mess.
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I'm not really concerned about who will save me money at this point in time I'm much more worried about who will pull us through this with the least amount of suffering and damage.
By David Akin, Canwest News Service
Published: Friday, October 10, 2008
OTTAWA - The Canadian economy, defying all predictions, created a record number of new jobs last month, giving Prime Minister Stephen Harper and the Conservatives fresh ammunition Friday to make their case that they are the best stewards of Canada's economy.
Statistics Canada said Friday that, in September, the economy created 107,000 new jobs, defying predictions of economists who were expecting only one-tenth as many new jobs.
Statistics Canada said that it has never recorded such a large one-month gain since it first began collecting this data in 1976.
Friday, October 10, 2008
Released at 7:00 a.m. Eastern time in The Daily
September 2008
Following a decline in July and a small gain in August, employment increased by 107,000 in September. Almost all of this increase was in part-time work (+97,000). Despite the gain, the unemployment rate was unchanged at 6.1%, as the increase in employment was matched by a similar rise in labour force participation.
Over the first nine months of 2008, employment has increased 1.1% (+194,000)
Published: Friday, October 10, 2008
OTTAWA - The Canadian economy, defying all predictions, created a record number of new jobs last month, giving Prime Minister Stephen Harper and the Conservatives fresh ammunition Friday to make their case that they are the best stewards of Canada's economy.
Statistics Canada said Friday that, in September, the economy created 107,000 new jobs, defying predictions of economists who were expecting only one-tenth as many new jobs.
Statistics Canada said that it has never recorded such a large one-month gain since it first began collecting this data in 1976.
Friday, October 10, 2008
Released at 7:00 a.m. Eastern time in The Daily
September 2008
Following a decline in July and a small gain in August, employment increased by 107,000 in September. Almost all of this increase was in part-time work (+97,000). Despite the gain, the unemployment rate was unchanged at 6.1%, as the increase in employment was matched by a similar rise in labour force participation.
Over the first nine months of 2008, employment has increased 1.1% (+194,000)
Frankly i can't blame Harper alone. He's simply one of line of incompetent Prime Ministers.. Mulroney, Chretien before him that have embraced Free Market, Free Trade, Monetarist dogma and sold out their countries to a predatory international investment organism, while immunizing themselves with gold plated pensions from the effects of their polices... that has been driven into death throws by its own greed. If countries get the leaders they deserve, then the moral decline of our own country set the stage this sad sack band of mediocrities that have formed our government for decades.
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Yeah and what this government isn't telling us is that 97,000 of those 107,000 new jobs created were part time. So basically while we had a record number of job losses (largest number of job losses in 17 years) with the more beneficial incomes in the manufacturing sector being lost, this Harper government is touting numbers regarding people having to get part time work to now make ends meet.
What a joke. A sad joke on us. This government only knows how to mislead. And you know what else about people working part time? Companies don't have to pay those people the benefits a person would get if they were getting full time work.
Makes us all really proud doesn't it?
.
It's not only the crooked government that's misleading us it's also Walter who's passing worthless slugs as gold coins. That CanWest paper is a rag of the rich, real people shouldn't read it or quote it or buy it. It's all the news that isn't fit to print.
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Gee you know why those numbers are probably so inflated? It's like a person who's lost their good job in the manufacturing sector probably now has to work two crappy jobs just to keep the family above water.