‘Nobody’

96 comments ↓

#1 Bill-Muskoka (NAM) on 03.12.09 at 9:16 am

What can anyone say about Dim Jim that hasn’t been already said? Same goes for his Boss Harper. Ideologue LOSERS and Incompetents. Simple as that!!!

#2 CalgaryRocks on 03.12.09 at 9:36 am

Too bad the Liberals were busy dreaming up new ways to tax people for heating their homes during that time.

At least the conservatives did not try their pinko socialist ideas at the expense of the few people that are still stupid enough to go out and earn a living even though most of it goes out in taxes and fees imposed by asswhipe politicians for their own benefit.

#3 smwhite on 03.12.09 at 9:37 am

Liar, liar pants on fire…

Nobody they(CPC) listened too, is what Jimmy means.

Jim and Steve did the job they were assigned, follow the rest of the western world into an asset bubble and print our way out. Trying their best to keep pace with Amercia and their deflation problem. Once again, these idiots believe that the USA actually knows what they are doing and use that as the magical excuse, like our hands are tied.

This is a lame ass excuse, same logic stating Canada is the best of the worst.

Don’t blame me, I didn’t now that if I maxed out consumer credit that people would have to stop shopping.

And the deja vu of the 70’s, big long cars(SUVs) and oil shortages($150 barrel). Anyone that knows the K-car knows where the auto industry was heading with too many big trucks on the road. The auto industry, well, looks like Dodge will pull out if the CAW doesn’t pull its head out of its ass and pony up to the likes of Toyota and Honda…

Oh yeah, speaking of which, Jimmy KNEW and stated that Ontario was in trouble last year, on the verge of have not status, so at least one person knew there were chinks in the armour of the economy, right Jim, or did you think the consumer could continue to pay an extra 10% each year for housing and energy?

Is anyone else very upset that the honorable members are allowing the USA to dictate policy in Canada by throwing up their hands and saying, never seen it coming.

There is no more juicing the system, rates are too low, and our government is punishing savers. Savers need to be rewarded, not punished. Our ponzi economy, if you think is frail now, wait till the next crisis and there is only 0.25% to turn too.

Yeah, nobody seen this coming, once again, if you missed this article, read a couple of the first paras, take note of the date and you’ll see that many knew we were headed for this direction.

http://www.freerepublic.com/focus/f-news/1053684/posts

#4 Alberta Girl on 03.12.09 at 9:41 am

I cringe everytime this man talks….same with his boss!

#5 Jake on 03.12.09 at 9:42 am

#1
Sounds like the Obama administration too. We are surrounded by idealogues and incompetents. How are we supposed to trust anyone the establishment brings to power. Maybe Ignatieff would be better….LOL.

#6 Chris L. on 03.12.09 at 9:52 am

Now that’s just pain irresponsible. If you’re going to make a claim, at least make it plausible. What an f-n joke our leaders are. Canada is different – slain. Our banks are sound – slain. We have no subprime – slain. There will be no deficit – slain. And so I stop listening to talking heads in the media and those that lead. I think I’m smarter than my leaders….and that is sad. If I was to teach a youngster anything, it’s that leaders are shepherds trying to coral their sheep. Bahhhh, bahhhh.

#7 Jake on 03.12.09 at 9:53 am

Here is another gem. This is from a conservative redumblican……that hates change, hope, and all that is sacred. But it is sure funny. Try to spot Michael Moore bowing down with chocolate bar in hand.

http://www.youtube.com/watch?v=l46t_nrySg4

#8 Greg W., Oakville on 03.12.09 at 9:59 am

Hi Garth,

Interesting video clip.
And “Dim Jim” kept a straight face the hole time.
I’d hate to pay poker with him or Steve for that mater.

How did that saying go again, ‘fool me once sham on you, fool me twice sham on me.’

#9 dg on 03.12.09 at 9:59 am

It’s all about lexicon.
He is said “global recession”.
Ah…..the wordsmiths of the world.
Cheers,

#10 Mike on 03.12.09 at 10:03 am

This is too precious. What ever possessed him to say this publicly …. Give his head a shake.. Who wasn’t predicting this? That’s a better question. The ABCP problem was something massive in late 2007 and I had plenty of conversations with the general people I know about how there were going to be a huge number of resets on houses in the US in 2008. EVERYONE knew this.

#11 Jim on 03.12.09 at 10:08 am

The F man’s boss suspends parliament to save is job while Rome is burning and now he’s telling us that we don’t have time to argue and that we have to take immediate steps to fix our economy?

#12 Soylent Green is People on 03.12.09 at 10:21 am

Holy cow, what a total moron. This guy gets paid money to say things like that? How can I have any faith in the world at all.

p.s. He reminds me 100% of my alcoholic weed smoking brother who checked out of life rather than pay child support to his hated ex-wife who “ruined his life”. Not a good comparison.

#13 Mike on 03.12.09 at 10:26 am

This post is for Guava.com dude. WOndering what his take on the Toronto market. I went through his stats and they show some life and STILL high prices.
His or anyone’s analysis would be good.

#14 dodgedabullit in Alberta on 03.12.09 at 10:43 am

Greetings: If this is the best that Canada can come up for “leadership”, is it any wonder we are totally screwed.

#15 Tired of it All on 03.12.09 at 10:54 am

Pity they only took quotes from the Fall of ’08. LOTS of economists were talking about this in Spring ’08 and Winter ’07. Lots.

#16 Herb on 03.12.09 at 11:01 am

Re Calgary Rocks’ #2,

that’s the neandercon spirit!

#17 Keith in Calgary on 03.12.09 at 11:09 am

I lean so far to the right politically that I sometimes walk in circles……but Jim Flaherty is an absolute moron. Why this guy has anything to do other than perhaps be the “minister in charge of paperclips” is totally beyond me.

He’s clueless.

#18 jess on 03.12.09 at 11:12 am

..and these are the leaders of the free world….oh the humanity no buddy…sounds like a brick ad

#19 Marc on 03.12.09 at 11:30 am

Nobody, that is soon to be our ridings representation in the HoC. Our M.P. is resigning to enter the ring to be M.L.A. Has it been 5 months already since the last election? Too bad she didn’t make this choice 5 months ago, and she could have removed herself from the election, but why would she care, she doesn’t have to pay for the by-election. Politicians are a sad bunch, who make the rules, protect their own, and have no accountibility to live up to their obligation of representing their chosen riding for the full term. Garth, you want to enter your name in New West.- Coquitlam riding? Ms. May is thinking of running here, and I would vote for you as independant, and even donate some money for your campaign.

#20 Bailing in BC on 03.12.09 at 11:32 am

Did anyone pick up this gem from the Vancouver Sun. It’s classic! 10 best towns to invest in RE in BC. Apparently Kelowna is a great place to buy now because it’s got great fundamentals.
http://www.vancouversun.com/business/growth+towns/1378942/story.html

The story hits all the hot points, the Olympics, the gateway project, tourism, oil and gas.

Buy now or be priced out forever;)

#21 smwhite on 03.12.09 at 11:33 am

Robert Schiller – Yale Professor(Called world housing bubble)

Peter Schiff – American Fund Manager(Called US housing bubble, commodity bubble)

Tony Dye – British Fund Manager(Called UK housing bubble)

Dean Baker – CEPR (Called US housing bubble)

Jim Rogers – Asian Fund Manager(Called commodity bubble)

Who was Jim listening too? Jeff Rubin & Ben Tal at CIBC?

He sure as hell was discounting everything that was said by David Dodge. That’s right the former Bank Governor of Canada called this mess and thanks to the likes of CREA, and CMHC, aka the experts, Jim chose the road that was best to keep his ass in office, not the interests of the average Canadian citizen.

Burn this (expletive) at the stake.

http://www.theglobeandmail.com/servlet/story/RTGAM.20060714.wdodgecmch0714/BNStory/Business/home

Herd mentality is dangerous, too gloomy or too cheery…

#22 eddy on 03.12.09 at 11:42 am

this look like a Freudian slip to me, he said: “nobody, nobody, not one, not one” and obviously he meant “a few” he needs a vacation

#23 CalgaryRocks on 03.12.09 at 11:42 am

#13 Herb. Thanks for the compliment. Your socialist friends in Europe are going belly up faster than they can be counted. Yet somehow they are the model that the Liberals want us to follow.

This is going to be a fun day with all the trained seals flapping and shaking their empty heads in agreement.

I always enjoy ‘politics day’ on this blog. It’s like the good old days.

#24 ThumbsUp on 03.12.09 at 11:43 am

He could have made big bucks if he goes to Hollywood.

#25 TheComingDepression on 03.12.09 at 11:51 am

Lyndsey williams economic predictions starts at around 1:50, music is annoying though.
http://www.youtube.com/watch?v=7a698dbs-30&feature=channel_page
He stated he was with an insider elite and they told him what will happen over the next 12 months..Just some doom to listen to for the next 8 min.

#26 Paul Fist In Your Face on 03.12.09 at 12:03 pm

Thank you Garth. I thought this retarded monkey dog was off limits-game on! Nice clip. Later this month, when the G-20 meet, all eyes will be on the economic ‘miracle’ of Canada. I can’t imagine the consternation when the organ grinder begins to play and out from the shadows,tin cup in hand, scurries our Jim-Dog. At that point , in a Miltonesque moment of realization, all hope will be lost and for ever it will be recognized that this was the moment that put the world over the edge into the darkness.

#27 The Tallyman on 03.12.09 at 12:32 pm

Flaherty– what do you expect from a lawn ornament

Harper— it’s time to retire his sweater,
hang it from the rafters at the Air Canada Center…
preferably with him in it!

#28 robotgirl on 03.12.09 at 12:33 pm

To be fair, none of the other party politicians are competent either. I just see a lot of stones thrown around, but no one actually having any real vision or sustainable plan. I almost wish the voting ballot had “none” as an option.

#29 dd on 03.12.09 at 1:29 pm

“Nobody saw this recession coming.”

I really wonder who is on the government advisement team. Really.

Didn’t we see it coming 2 years ago with the housing price declines in the states? Come on buddy … that is no way to run a government.

#30 dd on 03.12.09 at 1:31 pm

#20 smwhite,

So true so true. Some of the present mess was called a couple of years ago.

Head up or you get it knocked off.

#31 dd on 03.12.09 at 1:42 pm

#6 Chris L.

“I think I’m smarter than my leaders….and that is sad.”

Isn’t this the case for most issue in life. Economics, politics, and religion it runs all the same. I guess even leaders cannot help but lead the heard mentality.

It is interesting to see if you go against the crowd you are not loved by the voters, re: Garth.

#32 wjp on 03.12.09 at 1:46 pm

#16 Keith….Jim is a politician, their backbones, ethics and ideologies are based on the latest polls and what will keep them in office, right, left or center. Look how quickly Mr. Harper became a fiscal Liberal…there is a vacuum in leadership in Ottawa…you can blame the voters for that…they wouldn’t know a leader if they fell over one!

#33 CalgaryRocks on 03.12.09 at 1:51 pm

He obviously knew something since he proactively got rid of the 0/40 months before the crisis hit.

That being said, his job is to manage the whole economy not to get people into a frenzy and create a run on the banks. That is the Liberal’s job.

Since we are better off than most of the planet, at least so far, I think you guys should just kiss his ass and thank him for ignoring the idiot Liberal’s advice.

#34 rory on 03.12.09 at 2:07 pm

Hi all, before you beat up on Jim some more you need to read the link and ask yourself why Jim is beofre a Senate Committee …looks like everyone is just trying to do the CYA dance (COVER YOUR ASS).

Liberals want the senate to pass this budget… regardless of which Party rules it would be the same mess …our only decision is who makes the mess less – not much of a choice …whadda think NDP Jack would have done…talk about a mess that would be not less.

Talking about sheeple – I bet Garth can just about predict (some surprises) what we the sheep will say in response to his postings.

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090311/flaherty_senate_090311/20090311?hub=Canada

#35 Mike on 03.12.09 at 2:11 pm

I don’t think any party predicted this…politics aside.

The one thing I’ll point out is that all of the quotes referenced in the end came within 6 months of Flaherty’s statement. These guys didn’t exactly predict this. Had TD bank been issuing alarm bells in 2007, we’d have a different story.

A handful did see this coming. The Merrill Lynch economists have been bang-on.

That said, Flaherty is for the most part right.

#36 Investx on 03.12.09 at 2:26 pm

Banks predict deep, long recession

http://www.thestar.com/Business/article/601076

#37 Al on 03.12.09 at 2:28 pm

Bill (NAM)

What does NAM stand for? Not Another Mike?

#38 rjag2034 on 03.12.09 at 2:56 pm

New Liberal mantra “Whats good for the Liberal Party is good for the country”

Oh wait, GM already owns that phrase.

Gotta love human nature, put a PC video up and you’ll have a bunch of folks blaming them for everything from the world economy to why their kid has diaper rash.

Put a Liberal video up and you’ll have a bunch of folks blaming them for everything from the world economy to why their kid has diaper rash.

End result, politicians and government regardless of stripe, cannot please everyone.

Wheres smiling Jack in all this? He’s been very quiet recently.

#39 South of 49 on 03.12.09 at 3:07 pm

“Nobody” i.e. no one in Steve’s cabinet.

“Not one economist” That one economist is Steve.

Lots of economists were predicting the global recession as far back as 2006. Even I listened to them and sold most of my equity holdings in January 2007.

Geez, how stupid do they think we are? That is why they will never fool enough people to get a majority.

#40 Got A Watch on 03.12.09 at 3:09 pm

I knew Harper was grossly incompetent the day he announced ‘Dim Jim’ Flaherty was to be Minister of Finance.

Flaherty was a disaster as Ontario Finance Minister, so of course, he deserved the promotion upstairs. He had experience in gross incompetence, probably why he appealed to ‘Happy’ Harper. Yes, I know appointing him was Harper’s clueless attempt to gain more support in Ontario. Too bad he didn’t realize nobody in Ontario liked Flaherty much, except those in his own riding, apparently.

The good news – this crisis will be the end of Harper and the Conservative Government. Bad times always get blamed on the Party in power by voters, and they retaliate by voting for somebody else.

The bad news – The Liberals have Ignatieff, who seems no more competent than Harper, at best. They’ll still win the next election though, even led by Dion they could.

The ugly news – It doesn’t matter which gang of idiots are in charge. They all march to the same stupid Keynesian tune. Noe are competent, and none know how to take the right steps to help resolve this crisis.

It takes bad Government to make a recession into a Depression, and we have a bull market in that. They’re long and strong stupidity, venality and incompetence.

Deflation can last 20 years. Just ask Japan. Their stock market is back to levels not seen for well over 20 years. Their export driven economy based on low Yen has collapsed. Demographics ensure it won’t recover anytime soon. And they started off with a strong economy. Now they have a crushing debt load due to too much stupid “stimulation” spending, and they are no better off. The road map of the future.

#41 CM on 03.12.09 at 3:21 pm

It’s no surprise that Flaherty didn’t see the recession coming, considering where he keeps his head.

(Sorry, sorry. Sometimes it is very hard to be polite.)

If dimbo Jimbo had any sense, he wouldn’t have been throwing money around like a drunken sailor (with apologies to all sailors out there, drunk or otherwise).
Remember the sales tax cut, with Stevie and the Jim doing a photo-op in the electronics store?

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20071231/gst_cut_071231/20071231?hub=TopStories

“Stimulate Canada’s economy. Take this money and buy foreign electronics.”

That worked.

Oy.

#42 Rhino on 03.12.09 at 3:22 pm

Last APRIL my financial guy had me move all my RRSP into safe vehicles, warning that his team were forecasting a significant downturn. This move has helped me avoid at least 30%++ in losses.

Anyone who is willing to believe Flatulence and Harpo are blind to reality. Those clown have built their careers on opportunistic “interpretations of reality”.

I am totally amazed that so many folks WANT to believe these guys.

Sad to say it… but Canada is getting the lack of leadership they voted for – and arguably deserve it.

Get rid of the CRAP party. Even their Reform and Alliance roots are starting to see their abundant shortcomings. I pity the poor conservative who bought in to their lies, aggression, arrogant partisanship, and flip-flopping.

I wonder what their base thinks of their $3 billion slush fund, while they continue to complain about past history of $100 milllion “adscam”…

Freaking idiots!

#43 Herb on 03.12.09 at 3:25 pm

Calgary Rocks @ #22 and #32,

isn’t it lucky that the only socialism we have in North America is for the relief of capitalists who have stuck it to each other!

Er, which government got us into 0/40 mortgages before it got us out of them “proactively”?

The odd “politics hour” can be fun as well as useful, but let’s have more than your “hate the Liberals” minutes.

#44 Rhino on 03.12.09 at 3:29 pm

#33 rory on 03.12.09 at 2:07 pm
(snip)
“Liberals want the senate to pass this budget… regardless of which Party rules it would be the same mess”
(snip)

I have to agree rory, but can ANYONE tell me why the CPC put so many other things, like changes to the Waterways Act, attached to the budget?

The Senate wants to pas the budget, but, once again, the CPC are taking AMERICAN political tactics with their omnibus approach to budgets.

Then, they claim the “liberal” senate is holding up the financials, while it is actually worried about the other CRAP bills attached to the money.

If anything, this proves the NEED for an unelected Senate. This government is once again proving to be irresponsible, partisan, and not worthy of governing.

#45 Jeff Smith on 03.12.09 at 3:33 pm

You know how in Canada you can start voting by the time you were 18. I always skipped voting all that time until I was in my 30s in the year (was it) 2006? I went out to vote because I heard Harper might get elected. I did my darnest to prevent him from getting elected, but he did. What a bummer.! I voted last year ’08 too hoping to bring in the liberals, failed again! Better luck next time.

********************************************

#1 Bill-Muskoka (NAM) on 03.12.09 at 9:16 am

What can anyone say about Dim Jim that hasn’t been already said? Same goes for his Boss Harper. Ideologue LOSERS and Incompetents. Simple as that!!!

#46 Barb the proofreader on 03.12.09 at 3:36 pm

Dim Jim looks like he’s about to die of a heart attack.

If so, let’s put together a petition to Stevie to hire Paul Martin.

#47 Bill-Muskoka (NAM) on 03.12.09 at 4:26 pm

#36 Al on 03.12.09 at 2:28 pm

It is a shortened version of ‘Not Any More’ which referes to my original location of Muskoka. We moved a tad south to get away from isolation, no opportunites, and the Yuppie Cottagers who have driven taxes through the roof in their lust to out do the Jone’s, but shove the costs up the locals arse! LOL

Oddly, it also fits where I served in the Marines…’Nam!, but no real intended connection.

Thanks for asking, and welcome to Garth’s (some think it is Darth) Turner’s meelee Blog. ;-)

#48 Too Old Bob$ on 03.12.09 at 4:36 pm

“#39 Got A Watch on 03.12.09 at 3:09 pm
The bad news – The Liberals have Ignatieff, who seems no more competent than Harper, at best. They’ll still win the next election though, even led by Dion they could.
The ugly news – It doesn’t matter which gang of idiots are in charge. They all march to the same stupid Keynesian tune. None are competent, and none know how to take the right steps to help resolve this crisis.”

Took the words right out of my mouth. I don’t know why anyone would believe half of these idiots anyways. This type of government goes on and on, not just conservative.
Note# Why do we allow Lawyers in government. Is it because they are smart, think they are smart or trained to deceive and play (court room) mind games with us little people.

#49 rjag2034 on 03.12.09 at 4:37 pm

#45 Barb the proofreader “If so, let’s put together a petition to Stevie to hire Paul Martin.”

Oh Crikey, sure lets get Mr Dithers to look after the books. Do you not remember when he had a chance at Prime Minister? The only reason he looked so good as finance minister was because the economy was doing so well. Politicians always take the credit in good times and blame their predecessors in bad times. Government is the shackle around our ankle. Its because of the tunnel vision of the masses

Politicians in general are nothing but egomaniacs that couldnt organize their way out of a paper bag without a bunch of expensive wasteful studies and policy papers.

Lets have a look at their resumes and see how many have actually taken risks and run a succesful business.

Iggy is no better or worse than the current group, just another mouthpiece to brainwash the masses.

#50 Bill-Muskoka (NAM) on 03.12.09 at 4:41 pm

I saw John McCain mouthing off his delirium of ‘Ear Marks’ in Congress last night. I take it this reflects the end result of 8 years of Dubya’s ‘economic’ policies which have caused even Pork to be deflated to the pig’s ear?

I also realized that there are three basic types of Republicans;

1. Real Republicans who believe in the representative form of government to which the term refers.

2. Rethuglicans, which defines the war mongering, Far Christian Right morons, and NRA Gun Loving Sociopathic Arseholes who followed Bush like obedient and hopeful puppies.

3. Redumblicans, those blinded sheep who would support Adolph Hitler if he was on their ticket.

In Canada we have the true Progressive Conservatives, and then the nutbar ideologues like Harper and his obedient entourage of mindless, spineless, mute morons. They are ‘opposed’ by Ignatieff and his entoruage of Phoney (or should it be Foo?) Fighters who talk a lot, but then just cave in to protect what they already have as seats.

Oh, did I mention (or almost intentionally forget) the illustrious Jack Layton? Guess I did. And let me not forget Elizabeth May (she May or May not at this point in time) who is now trying her own parachute to find a place to ‘win’ a riding!

What a pathetic excuse for a functional democracy Canada has become.

Apparently, the Senate has also lost its last vertebrae and become fish bait as worms?

Truly, we have NOBODY doing the job we are PAYING them to DO!

These clowns are NOT leading me or my family anywhere.

#51 ThumbsUp on 03.12.09 at 5:38 pm

Buy-and-hold champion sells everything

http://business.theglobeandmail.com/servlet/story/RTGAM.20090312.wrderekfoster12/BNStory/SpecialEvents2/home?cid=al_gam_mostview

#52 No Fool.... on 03.12.09 at 5:54 pm

Many of us in this forum are people who’ve saved money and not frittered it away like a McMansion-owning, BMW-driving loser on a $50K/yr salary.

The question is, do you want your hard-earned tax money going towards bailing out said losers (the Liberal Plan) or do you want to be able to keep your money and let the losers suffer a bit for their indiscretions?

Frankly, I’ve worked too hard to get to where I am and have lived within my means (and saved) a bit too much to end up at the SAME SPOT as the losers who have been key contributors to this mess.

When the dust settles, I better be ahead.

I’d say I’m a supporter of Logic over blind bipartisanship, but how anyone on this site- the Mecha of Smart People- can support taking from the stupid and giving to the dumb, is beyond me. Trash the CONS all you want….fine….but please don’t leave the LIBS out of this. They’re dog & pony show and their ideas makes the CONS look like Cirque.

I’m 30 yrs-old, live in a 1000sq-ft rented house with my better half,we’ve saved like nuns, enjoyed our lives along the way….. Why should we pay for the loser that can’t pay for the McMansion down the street (the Liberal plan)?

Garth, I love you dude, but keep politics out of this economic issue. It’s not Canadian-grown….we’ve just been along for the ride…let’s admit that. The Canadian Conservatives didn’t get us here. That’s a fact.

#53 Got A Watch on 03.12.09 at 5:57 pm

You guys probably think I am a Liberal. Sadly, I have voted Conservative my whole life.

That got me Brian Mulroney, Kim Campbell, etc and now Stephen ‘The Economist’ Harper. Wasted vote every time.

I live in a riding where we have voted Conservative every election since before 1867. That is a one-way ticket to nowhere. Well we voted Reform 1 time, big difference there.

Every party in Ottawa ignores this riding completely, since everyone knows how the vote will go. We get nothing from the Federal Government, and I mean nothing. I can’t point to one little thing in this riding that the Federal Government has ever done for us- except collect taxes. They have no problem with doing that, it’s doing anything else they have the problem with.

Sadly, this situation won’t change. We voted Tory for Kim Campbell – one of only what, 2 ridings in Canada. Talk about blinded by ideology.

The Tories could run an embalmed dead dog here, and they’d win. I’m serious.

It’s enough to make you throw up your hands in disgust.

The way to get politicians to pay attention is to switch your vote back and forth, never elect the same Party twice in a row. If they aren’t sure of your vote, they have to try harder.

#54 Ron on 03.12.09 at 6:00 pm

Those who wish to be in power are seldom well suited to hold positions of trust. It’s reminiscent of high school/college, only the biggest dick heads were interested in being class president.
I’ll have to put douche bag politicians on my grocery list.
Never much cared for squirrel.

#55 Leave it to Cdn Beaver on 03.12.09 at 6:01 pm

Still enjoying this Blog!

Canadian Content is so important.

I don’t want to hear about Amer….

Still waiting for RE prices to drop.

This thing ain’t over yet.

#56 No Fool.... on 03.12.09 at 6:02 pm

I meant “taking from the smart and giving to the dumb”…a timely typo.

A great example of what I speak of is a row of subsidized housing (about 12 family units) that went up down the street about 18months ago. Every day I go by there I drive by an H3, 3 newer LARGE SUVS and a whole wack of new cars.

My woman and I each drive 10yr-old A to B cars.
Why should I help pay a family’s rent when they drive an H3? Unless you suffer, you won’t learn. That’s human nature…..unfortunately.

Maybe a depression and some hungry mouths are actually what we need here. I don’t think it’s good for society in terms of progression (and I hate seeing it), but I think we actually need this tough medicine. Sometimes you have to take a step back before you can take a step forward. On average, Society is at that stage.

#57 Zoronqueen on 03.12.09 at 6:07 pm

Is anyone out there feeling poor. Cause I definately am…

Our house sale just closed today, minus relator fees, lawyer fees, and after paying the bank. We have a grand total of 11K balance. Add to the fact that our new house has gone down in value by 50K.

I am in shock…. I took Garth’s advise and sold for 18% less than city assessment. Current equity in the new house comes out to be around 48K with the 50K depreciation, as we put 105K down payment, so after all is said and down we have lost 54% in equity. Wow….

Don’t know how people are going to cope when their house goes in negative equity. As we were one the the greater fools who put all eggs in one basket. Granted we are in our mid 30’s and still have a few years yet…..

I am feeling the pain already……

#58 Marc on 03.12.09 at 6:13 pm

#49 Bill-Muskoka (NAM) on 03.12.09 at 4:41 pm

Ms May might be running in our ridings by-election. She is musing about it. Even though I have voted Green in the past, I would not consider casting a vote for her. I like to have representation from people who actually live in the riding for some sort of extended period.

It is time us voters, require our politicians that we vote for to sign a contract, that if for any reason other then health, or taking care of a family member/loved one with health problems, said politician can foot the bill for the by-election themselves. This B.S. of a person gets elected, quits months later, and runs for office in some other venue is a gross waste of our money. Dawn Black knew she had to travel to Ottawa, she knew she would be away from her family, but now she would like to be closer to home, but not on her own dime. Perhaps holding 20% of M.P.s salary in escrow, and taking any money for by-elections for the oppertunists, (Dawn Black) and returning the unused difference proportionally would be a start.

#59 UBC Frank on 03.12.09 at 6:32 pm

Flaherty?

Wasn’t he the fellow on SCTV a few years back?

#60 CalgaryRocks on 03.12.09 at 6:53 pm

#42 herb
Er, which government got us into 0/40 mortgages before it got us out of them “proactively”?

Yeah that sucked but at least they figured out that they made a mistake and fixed it on their own. I’ve never seen a politician to that before.

isn’t it lucky that the only socialism we have in North America is for the relief of capitalists who have stuck it to each other!

As for bailing out capitalists, well, we’re helping the banks because we don’t want grandma Herbie to lose all of her grocery money and we’re helping the car manufacturers so that a bunch of overpaid, under skilled car bolt tighteners can continue on making 78$/hour.

If my boss handed me a 100K check to go home and not come back, I’d be there before the ink on the signature line was dry. But poor CAW members can’t make it out in the real world so you and I are stuck paying for them.

#61 dd on 03.12.09 at 7:24 pm

Nouriel Roubini US Labor Market

“The pace of lay-offs and rise in the unemployment rate reveal the combined impact of financial crisis and reduced demand on firms, forcing them to cut 4.4 million jobs from the beginning of the recession in December 2007 through February 2009. The pace of job losses will continue in to be strong in H1 2009 and will ease only in H2 2009. We expect job losses to continue through early 2010 as firms restructure and cut costs amid deflationary pressures. The unemployment rate will touch 9% by mid-2009 and close to 9.9% by 2009-end. The long-term unemployment rate – that includes part-time as well as discouraged workers – reached a record high of 14.8% in February 2009; we expect this figure to rise significantly through the cycle”

#62 dekethegeek on 03.12.09 at 8:28 pm

#41 Rhino
Who’s your financial guy ? i wanna hire him ! I tried explaining to my financial guy this time last year that i was worried that the markets were unsustainable and probably gonna take a huge hit. ” No! No! Everythings fine”, he said.
6 months and -30% later and this money monkey actually had the nerve to tell me ,” October is the bottom!”
When I replied that I thought the markets wouldnt probably stop dropping for another year and a half and then stay down for probably 9 more years he looked at me like I was an idiot ( which, since I’m still using that piece of s**t is true).
I then told him I wasnt investing good money after bad until I thought the time is right and walked out of his office with him babbling about “experts reccommendations” and “I shouldnt be timing the market”.( Gee ,are all sales people lying pieces of commission based sh*t?)
Too late to move the other crap out, gotta suck it up and bite my bitter tounge

Whew, Thats my rant.
Felt GOOD!

#63 Herb on 03.12.09 at 8:44 pm

Muskoka #49,

while I agree with your roundhouse political haymaker, I do hate to break this to you, Buddy: these armpits ARE leading you and your family right down the garden path with the rest of us. What they do or do not do, sets the conditions under which you, your children and grandchildren will live, work and pay taxes.

The only hope I have is that our fellow Canadians will suffer so much that they will grow brains and take out and keep out the garbage in the HoC.

#64 MWJ on 03.12.09 at 8:56 pm

Flaherty said what he said knowing that no politician in Canada would have the balls to call him on it, even though they knew he was lying.

Sounds like a pretty smart guy to me.

Ethical – no. But obviously smarter than your average politician.

#65 Slice on 03.12.09 at 8:57 pm

Let’s face it, whoever is in power just says whatever is convenient and will never admit to an error.

By the way, a mistake is an error that one will not acknowledge…

#66 David on 03.12.09 at 8:58 pm

These are trying times. The government has to be complimented on working to fix this economy. It is obvious some of the measures over the past three years has helped us weather some of the storm. We are not out of the woods yet. But there appears to be a rise in confidence since we have the budget passed and money is starting to flow there is light at the end of the tunnel.

I think the finance minister has done a fairly good job. It could be worst.

#67 [email protected] on 03.12.09 at 9:08 pm

If you are gonna say nobody, at least do it in style like Mel Nooobody!

http://www.youtube.com/watch?v=5AD_BgUE99U&feature=related

#68 . . . fried eggs and spam . . . on 03.12.09 at 9:33 pm

#34 Mike 2:11 pm — “I don’t think any party predicted this…That said, Flaherty is for the most part right.”

Predictions are no better than lottery tickets — win some, lose some, but the writing had been on the wall for some time.

Whether people know it or not, and most of them don’t, there is a ‘gut feeling’ which everyone has.

For instance, one of the first signs to appear was Bre-X. From the moment it claimed to have found a new source of wealth — gold deposits never tapped before — the stock price went up, up and away.

Sheeple (a.k.a. losers) kept buying more and more stock, with no tangible proof ever given.

Then — POOF! — all gone. Who was left holding the bag? Investors. Was Bre-X given a bail-out? No.

Perhaps they should give the same lesson again to present investors.

As to the line re: Flaherty (and I include Harper), all I respond with is — “The CPC will NEVER tax Income Trusts”.

Sheeple believed them, voted them in, were fleeced and then gave them a further 19 seats.

With liars like that in control throughout the world, and dumbass voters who give them more seats with every election, is it any wonder the world is in such a mess at present?

#69 Flounder Digest on 03.12.09 at 9:54 pm

LOL
The comments following Flaherty’s “nobody” assertions were far too kind. For starters what about Alan Greenspan’s comment around September 16th saying that the economy was experiencing a “once in a century event.” Can anyone tell me that this can mean anything other than something equalling the crash of ’29?
If we had a dirth of economists ready to discuss the fundementals publicly, I suggest the corporate owned media would marginalize any economist who might dampen consumer confidence with the truth about the fundementals. Thank God for Garth daring to buck the the establishment with “Greater Fool.” At least it has given us a prognosticator with grounds for credibility. And if Flaherty and the leadership were connecting the dots as leadership is elected and paid to do, they should have seen it coming by spring ’08. ‘Course they wouldn’t see how to connect the dots because their right wing ideology couldn’t allow for such a scenario as the soup we’re in.
And did you dig Flaherty’s patronizing tone — no humble pie for him!

#70 Bill-Muskoka (NAM) on 03.12.09 at 9:56 pm

Good grief, what is this…Maturity in the HoC?

Speaker muzzles Tory attack dogs

My, my, who would have thought it would have taken the Speaker this LONG to perform his duty?

Well, it is a good start!

#71 GenXer on 03.12.09 at 10:12 pm

Shouldn’t a finance minister require some kind of financial training or background to get to his/her post? How does a BA, a law degree and a background in the ministry of labour (under Mike Harris no less!) prepare this man for the task at hand?

We have hundreds of PHDs in this country that DID see this mess coming – can they have a chance at being the head financier now?

On the RE front – Royal is predicting we are already half way through the correction:

http://www.yourhome.ca/homes/article/601369

And first time buyers are eyeing real estate again:

http://www.thestar.com/article/600773

Yet layoffs are happening everywhere – what a mess.

#72 Sun Yat-sen suit on 03.12.09 at 10:27 pm

The Duke of Ottawa and his toady Flaherty don’t have a clue. They hope every other government will sort out this global recession.
Pretty much ride-out-the-storm, then see Canada rebound on it’s resources.

#73 squidly77 on 03.12.09 at 10:30 pm

Stock Market Rallies to 1997 Prices

#74 PW on 03.12.09 at 10:32 pm

I usually sell my Political Universal Translator for $ -0.99, but heck, I’ll give it away for free*:

Simply multiply any political statement by an integer of -1.0 to get the truth. “nobody” x -1.0 = “everybody”; “banks are solvent” x -1.0 = “banks are insolvent”….

* there is no money-back guarantee…

#75 eddy on 03.12.09 at 11:03 pm

here’s an off topic horror story about a builder:

http://news.therecord.com/News/CanadaWorld/article/229002

the same house in the article is presently on mls.ca:

http://www.mls.ca/PropertyDetails.aspx?PropertyID=7773489

he must be praying buyers don’t read the first article

#76 Chris in England on 03.12.09 at 11:16 pm

Jeff Smith #44: “I went out to vote because I heard Harper might get elected. I did my darnest to prevent him from getting elected, but he did. What a bummer.! I voted last year ‘08 too hoping to bring in the liberals, failed again! Better luck next time.”

I think you were allocated a faulty vote. You should complain and get a new one before next time.

#77 squidly77 on 03.12.09 at 11:19 pm

if your leader was insane what could you do ?

Spendthrift U.S. consumers caused global recession: Harper
http://www.calgaryherald.com/business/fp/Spendthrift+consumers+caused+global+recession+Harper/1382932/story.html

oht oh!

#78 Lance on 03.12.09 at 11:31 pm

Why are these public figures so scared of telling the truth? You know damn well that Jimmy was getting some pretty ugly economic briefings a year and more ago that were foretelling much of what is happening now. What are they afraid of? The stock markets plunging in fear? Already did that. Housing markets plummeting? Already done. Massive layoffs? Already happening.

I’d rather have our public figures come clean, speak the truth and work on fixing the problem rather than spending all of their time denying there is one and then acting shocked when one happens.

#79 kc on 03.12.09 at 11:34 pm

You guys really have SHORT memories… wasn’t the true election that we had last year forcasted to be called this spring (as in around now) if so…. they knew we were heading straight into the abyss long ago…. SNAP election then bank bailouts not long after… then all hell breaks loose and the real finger pointing started and then… prolugeud house…

NAAA they didn’t see any of this shit happening… not in Canada… we are different you know… we have the Olympics… and oil bubble… and … fill in your blank….

We are no different than the USA… they had no idea BUSH we have …. lie with no IDEA Fahgerty …. however, as a bonus we get Harper…. maybe the USA is in better shape… at least the new boss (kinda) tells it as it is…. looked up the word oxymoron in the dictionary… it said…. honest politian… with Flahgerty’s face

#80 Chris in England on 03.12.09 at 11:41 pm

Dear Zoronqueen #56: “I am in shock…. I took Garth’s advise and sold for 18% less than city assessment. Current equity in the new house comes out to be around 48K with the 50K depreciation, as we put 105K down payment, so after all is said and down we have lost 54% in equity. Wow….”

Do not despair, your age is in your favour. 15 years ago we sold our then house (in negative equity) for around £10,000 less than we paid for it but jumped up to a bigger house costing £45,000 more. Obviously we had next to nothing to contribute and had a 100% mortgage plus a loan for at least 7 of the 10,000 shortfall. We also had a young baby and a lot of other expense at the time as we were helping both sets of parents financially.

Fast forward to the present day and our house has more than doubled in value (and I am talking about the current value, not the 150% I could have got a year ago). We bought this house to live in, with no thought about selling it, and it has done us proud. Enjoy your new house and in 15 years time who knows where you will be. It may not double in value but you have something we did not have – awareness. When I think of how much we have paid in mortgage over the years and how little the amount owed has shrunk, it makes me cringe. When I see so many people on here who have paid their mortgage down and become mortgage free in a few years, it makes me realise we have probably paid way over the odds for the measly reduction we see in our mortgage debt.

For us, the fact our house doubled in value is the only saving grace. If we were not leaving the country we would still be faced with a similar debt to the one we took on years ago. We have been lucky, but luck is not reliable. As The Who said: “We won’t get fooled again” (and now I really am showing my age!).

#81 BigAl on 03.13.09 at 1:09 am

#51 No Fool…..

Oh here we go again! Some holier-than-thou upstart who fancies himself to be Donald Trump, made a little money and saved some, who blames all of this mess on the auto-worker and “poor old ladies” who need to eat.

People like this will always blame the average person for everything that goes wrong with anything. But they always forget one thing…to blame the people who have been paid the big bucks (the management, the leaders, the CEOs, the politicians, etc) to see this coming, to plan, to improve. It is those people who are PAID to do this who have failed. Let me ask you then, what responsibility did THOSE folks have in your world? Does Harper have ANY responsibility for anything over the past three years for anything in your world? I know Chretien did, as him and Martin set us up for this, playing along with world trends. But what about Harper….any responsibility at all??

You speak of big shiny trucks everywhere outside welfare housing…funny because in my world when I drive through a welfare housing lot, I might see one of these things. I see a lot of rust-buckets though, and people going to and from the bus stop. And what about the fact that 90% of people on welfare are only transiently so, i.e. only on it for one year or less. Kinda crushes your narrow little worldview, doesn’t it?

I also suppose you’re one of those “private sector does it best” types, eh? Do you REALLY want to get into that discussion, about what happens to the prices of contracts when a privateer smells a juicy government contract? ….

And where exactly would one find this magical $78/hr auto worker? Or are you conveniently leaving out some facts about this figure? Again the myth of the billionaire auto-worker.

But go on thinking you’re part of the ‘elite’ or some type of hard worker or smart cookie. You are a useful ideologue so wrapped up in your anticipatory socialization into a class higher than you that you will never critically analyze the CPC. You are no less a slave to the CPC as some of the libs are to their party, or like the union people are slaves to the NDP. I don’t see anything different in you – you’re just as ‘common’ as they are.

#82 Future Expatriate on 03.13.09 at 1:54 am

The moron meant “Not one economist who we LISTENED to predicted the global recession…”

What an baldfaced lying idiot. That guy needs to be shown the door ASAP and put in a cell with Madoff.

#83 TS on 03.13.09 at 4:48 am

#32 CalgaryRocks on 03.12.09 at 1:51 pm

*sighs*…I see the neoCon bots are back on Garth’s blog, spewing misinformation at every opportunity. What a waste of time… thankfully Garth’s blog now has the blogger’s name upfront.

As far as any comments from Dim Jim or his boss…who really cares anymore? They have spun so many lies that the Canadian public is growing immune to it all. All they have done in three years is fritter away our nation’s hardearned budget surplus, while not having any real plan or vision for the country. Sad.

#84 TS on 03.13.09 at 4:52 am

#69 Bill-Muskoka (NAM) on 03.12.09 at 9:56 pm Good grief, what is this…Maturity in the HoC?

Speaker muzzles Tory attack dogs

My, my, who would have thought it would have taken the Speaker this LONG to perform his duty?

Well, it is a good start!

Hi Bill… great post. It is about time that this incessant childishness of the Conservatives is stopped. Rather than continually try to obfuscate issues the Harper Conservatives need to be held accountable. The first step in that process is to actually answer questions put to them in a factual, professional manner. Two concepts which are completely foreign to the current government.

#85 Bill-Muskoka (NAM) on 03.13.09 at 9:28 am

#62 Herb on 03.12.09 at 8:44 pm

Herb, you are right to a point…that is where my Plan ‘G’ kicks in. I still have my American Citizenship and the border is a short trip away! LOL

If Canadians do not get it by now, then they never will. It took the U.S. EIGHT PAINFUL YEARS to ‘Get It’ and they DID!

Now the question is this ‘Do Canadians have the ethical spine to take a stand for their own future are have they all become Gelatin Worms?

I have a tad bit of the William Wallace that courses through my veins!

#86 Bill-Muskoka (NAM) on 03.13.09 at 9:37 am

#83 TS on 03.13.09 at 4:52 am

It has been a LONG time coming hasn’t it? That is for darn sure! I emailed Da Arnold and suggested he just stand by in case we need his services as the Kindergarten Cop!

Oh, and I hope that Lard Ass Van Loan does take over the Ontario CPC because that will help speed along their death knell. He is as big a POS as Rush Limburger. I would be embarassed to live in his riding.

We need a Jon Stewart to deal with these arseholes publically. Rick mercer does a good job in ‘Rick’s Rant’ but it is too little, too seldom to penetrate the adled minds of most Canucks.

#87 rory on 03.13.09 at 11:22 am

#82 TS said …

All they have done in three years is fritter away our nation’s hardearned budget surplus, while not having any real plan or vision for the country. Sad

TS, if a gov’t has a surplus it means they have taken too much from us taxpayers in the first place …sad you think a budget surplus is good …balanced is way better (+ a smaller gov’t) …sigh.

#88 Irene on 03.13.09 at 11:30 am

Calgary rocks Since we are better off than most of the planet, at least so far, I think you guys should just kiss his ass and thank him for ignoring the idiot Liberal’s advice. You go ahead and kiss his ass as you’ve been doing all along. Boy you guys are worst then I thought. Calgar’s economy starting to hurt you now? Don’t lie. I have a lot of family living there probably longer than your age so grow up kiddo. Maybe its time you open your eyes, your ears and your brain buddy. I would much rather kick his ass and maybe you need that too.

#89 CalgaryRocks on 03.13.09 at 2:12 pm

#87 Irene, don’t be too disappointed that we are doing better than most. Now pucker up. The minister doesn’t have all day.

#90 Bill-Muskoka (NAM) on 03.13.09 at 3:17 pm

#86 rory on 03.13.09 at 11:22 am

Yeah, right Rory. Just look at how wonderful the U.S. is with deficit spending and no cash reserves. You are living in a make-believe world of silly arsed Libertarianism and false economic principles. What are you one of Harper and Dim Jim’s advisers? LMAO!

#91 gold bug on 03.13.09 at 5:50 pm

OK, Flaherty’s a liar. Guess what? He’s a politician. They lie. Get over it.

If you Marxists think the Liberals or anyone in the Coalition of Commies would be doing anything differently, you are either deluded or [email protected]

Government does NOT make the economy. At best, they distort it.

Politicians of ALL brands are not to be trusted. That includes St. Obama, for all you true believers out there.

#92 rory on 03.13.09 at 7:32 pm

#89 Bill-Muskoka (NAM)

Nasty Nam …

If the gov’t collects 110 and spends 100 – you would say good +10

If the gov’t collects 100 and spends 110 – you would say bad -10

If the gov’t collects 100 and spends 90 – you would say good +10

If the gov’t collects 100 and spends 100 – you would say “Yeah, right Rory. Just look at how wonderful the U.S. is with deficit spending and no cash reserves. You are living in a make-believe world of silly arsed Libertarianism and false economic principles. What are you one of Harper and Dim Jim’s advisers? LMAO!”

If the gov’t collects 90 and spends 90 – you would say “Yeah, right Rory. Just look at how wonderful the U.S. is with deficit spending and no cash reserves. You are living in a make-believe world of silly arsed Libertarianism and false economic principles. What are you one of Harper and Dim Jim’s advisers? LMAO!”

Just saying NAM …pls send the US or Cdn (once you decide who you want to be today) gov’ts some more money… you apparently have no need for it yourself.

#93 Bill-Muskoka (NAM) on 03.13.09 at 10:57 pm

#91 rory on 03.13.09 at 7:32 pm

Wowsers! Man, like you have had a major Brain Fart and it must be from the B.C. Bud or economic religiousity!

But, if it makes you feel better, Owee!

#94 Bill-Muskoka (NAM) on 03.13.09 at 10:59 pm

#90 gold bug on 03.13.09 at 5:50 pm

Do you change your bed sheets every night, or just waller in your own feces?

#95 Bill-Muskoka (NAM) on 03.13.09 at 11:01 pm

#88 CalgaryRocks on 03.13.09 at 2:12 pm

Yo! Check out your lips Dude. They are classic Pucker Up’s to your Boy in the PMO!

#96 BARB the proofreader on 03.16.09 at 3:03 pm

#49 rjag2034,

To “rjag2034”,

Do you trolls in Stephen Harper’s Ottawa War Room ever leave Garth alone? Don’t you have a government to try to learn and run?

Your propaganda won’t work this time around. The Liberals kept toxic mortgages out of Canada.

The Conservatives piddled their pants with glee as soon as Harper and Dim Jim got in and immediately allowed 40 year zero down toxic mortgages. Harper will never live that down. Harper is a fool and Canadians now ALL know it. (and add to that Harper’s Halloween massacre of $36 billion in Senior’s and citizen’s income trust assets at the hand of Stephen Harper’s own false and deceiving words.