Reboot Alberta

Monday, October 06, 2008

HARPER Continues to Fall From Grace on the Economy

Harper said the economic fundamentals in Canada are strong while we see the stock market plunge.


Harper said he would do nothing response in the global market meltdown. THAT IS NOT AN OPTION SIR!


Harper takes a day off campaigning for Canada right in the middle of the stock market meltdown.


Harper is forced to release a campaign platform which will come out after the advanced polls are closed.



Harper says there is no need to ensure the Canadian banking system is stabilized even when the Bank of Canada plunks down $3Billion more to provide liquidity for our banks.


Harper now says he will “CONSIDER secondary plans to stabilize the Canadian financial System.” What exactly does that mean Mr. Harper? Can you be a bit more decisive and clear Mr. Harper, in spite of your desire to Mislead and not Lead!

HARPER'S SUPPORT IS MELTING DOWN LIKE THE AMERICAN STOCK MARKET.


HARPER IS NOT WORTH THE RISK.



DION HAS PROVEN HE CAN BE TRUSTED AND HE HAS A TEAM.


ALL OF US ARE SMARTER THAN ANY ONE OF US….

UNLESS, OF COURSE, YOU ARE STEPHEN HARPER.

5 comments:

  1. Anonymous6:36 pm

    The downtown of the economy is helping Harper's polling numbers. That is because Dion's ideas of implementing a massive and confusing carbon tax would destroy our economy. Everyone should fear that their savings will be depleted if Dion ever becomes premier.

    It is liberals like you who are wishing for a recession that makes me sick - get a freakin life dude.

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  2. Anonymous9:24 pm

    "ALL OF US ARE SMARTER THAN ANY ONE OF US…."

    YES! And you will see this when Harper wins this election. The voters as a whole are much smarter than you Ken and they will use their right to vote for Harper to prove it.

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  3. Anonymous2:32 pm

    It is liberals like you who are wishing for a recession that makes me sick - get a freakin life dude.

    6:36 PM

    What a stupid statement to make about Liberals or any other party wishing for a recession. Are you so dense that you would think that ordinary normal thinking Canadians would ever wish for that sort of thing to happen? In 2005, my husband & I trusted Mr. Harper’s word on the promises he made to NOT TAX INCOME TRUSTS as well as his 5 priorities. He has failed on all counts. I am ashamed to even admit I fell for his lies.

    As seniors out of the working force for the past 10 years, in the past week alone, we have lost over 20% of our equity in our modest RRSP Funds which IS OUR RETIREMENT. We need to use some of those funds every year to make ends meet. In January of 2009, we would have been cashing in one of those RRSP but it no longer appears that this will happen for the simple fact that we can not afford to loose any part of it. I really don’t know how we will cope with less money until they rebound or if they even do in the next 4 to 6 months.

    What plan has Mr. Harper to help seniors deal with this matter? What about those thousands of factory workers who have had to take Minimum Wage paying jobs to support their families? How about single parents? Do you honestly think that the average Canadian would wish a recession in order to see Harper defeated? Are you by your dumb attitude, willing to sacrifice part of your earnings to go towards providing aid for seniors & for all the sectors that only earn minimum jobs? It’s plain to see that you haven’t given that a whole lot of thought buddy.
    Btw, I have already placed my vote & it wasn’t for the CON’s candidate this time. As to your "get a freakin life” statement, GROW UP!

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  4. Ken: Interesting comments.

    I think if I understood what Harper has been saying (and I do) he says no Governmnent can or should do anything about volatile stock markets.

    Perhaps Mr. Dion would like to perhaps buy all of the free trading shares of Exxon to stabilize industry stock prices??

    Ok, so what can Governments do?
    They must ensure that there is:

    1. an attractive tax regime that allows companies to make a profit and citizens to keep more of their own spendable money

    2. make sure that the banking system is solid, and doesn't lend out stupid money (Harper, unlike his supposed Bush lookalike, has ensured that CMHC-backed mortgages REQUIRE a 5% downpayment and credit worthiness)

    3.Don't raise taxes or start spending.

    So the plan that the Conservatives worked on the past 2.5 years, and especially since August of last year, is to ensure a more competitive market place for business with lower taxes, and people keeping more of their own money.

    Remember that the fundamentals of the Canadian economy ARE sound. As much as Canadian Libs would like to tie the Conservatives to the Republicans, remember that this country does NOT have a deficit, is already ahead of the very conservative budget of this Government by being at a $3 billion surplus now (the Tories said it would be $2.5 billion for the entire year). The Libs are all pumped about DOING SOMETHING ABOUT THE ECONOMY and are suggesting massive taxes, massive spending....like they just discovered that there was a credit crunch!!

    Since the Tories were already increasing liquidity in the marketplace when the credit crunch happened LAST YEAR, things are way better in Canada than anyplace else in the G7 (sorry Ken - the IMF just today said Canada is in the best situation of all G7 countries and will see GDP GROWTH in the next 12 months - better than any other G7)

    So chicken little, the sky is falling everywhere but here. The FUNDAMENTALS OF THE CANADIAN ECONOMY ARE SOUND.

    If you are suggesting that this country should wade in to change the price of stocks.....well we'll leave that to Mr. Dion. He wants to take those Canadian oil, gas and commodity companies whose stock is half of what they were 4 months ago, AND TAX THE CRAP OUT OF THEM....

    Yup - that's what a company needs - while it's being hammered on the public markets, let's take away more profit so that the price of those stocks slide - and Canadian Mutual fund values which hold these core stocks with them.

    Mr. Dion - great thinking!!!

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  5. HI again crackers...Please explain the $700B nationalization of the American financial sector and mortgage business by a REPUBLICAN White House. Politically taking Freddie Mac and Fanny Mae off the stock market by nationalization is more like a Castro and Chavez - not a Freemarket Bushman.

    In the past 2.5 years Harper has squandered a $12B surplus and reduced taxes so much that he has forfeited any federal fiscal flexibility.

    Harper reased taxes for the lowest tax bracket - those who could least afford it. Talk about real cold and callous.

    Canadian Taxayers Federation's website notes Harper is the big spender and he did it already BEFORE the election to buy votes mostly in Quebec - who have sent him packing.

    CTF says between June2 and Sept 6 (the day Harper called the election) Harper accounced $19.2 BILLION in spending. Harly chump change and not a fiscal conservative - just a power lust vote buying spree.

    In Harper her 2008 Budget he boosted spending 3.4% and in the month June alone spending ballooned by 11.1% on top of a first quarter spending increase of 8.4%.

    Your boy is no prudent fiscal manager...just an opportunistic politician trying to buy our votes with our own money.

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