Politics

Ten days before the last federal election I knew I was toast. Voted in as a Conservative and vowing to promote digital democracy, I’d pissed off Stephen Harper with my independence and my lip. I blogged. I posted video interviews with people from other parties. I let my constituents vote online, then followed their wishes. When reporters asked me questions, I answered. In other words, as an MP, I sucked. I was doomed. And I got dooced.

After sitting as an independent for a few months, I learned the true nature of irrelevance. So I asked the Liberals if there was room for a Progressive Conservative, then joined. It was clear the morning I walked into a barrage of cameras in the new caucus room that I was unelectable. But at least I figured there was a structure to fight for my policy initiatives – pension-splitting, the creation of the TFSA and more damn freedom in the House of Commons.

Ten days before the vote. Twenty-nine months ago. Ignatieff calls. He was then second fiddle to a guy he believed had unjustly defeated him for the leadership (anyone remember Dion?). And he shocked me with his comments. It was a stark reminder where naked ambition can lead a man. I kicked the door shut, grabbed a pen and recorded the conversation.

After failing as a Harper Tory because I wouldn’t muzzle, I was now disheartened to know what lay ahead for the Grits. I can understand people who fight for conviction, but not those who kill for convenience. Mr. Ignatieff could have waited a week and a half before knifing his leader.

So I mention this as personal background. I was in Parliament nine years. I’ll never go back. Both main parties have lost their way. Conservatives have become Liberals. Libs have failed the middle class. Socialists are spent and Greens have squandered. This election is a good example. It’s about nothing.

But will the outcome have any impact? That’s what Michael in Calgary writes:

The election is now a certainty. This will now ensure that the BoC must put off their interest rate hike, the one Mark Carney is so horned up on, until later this year. I am interested on your thoughts on what this means to the housing situation. Obviously it kicks the can down the road somewhat for all those homeowners who are holding the VRMs which are set to blow up once we get back to normalized interest rates. I am a cynic at best, so I am almost tempted to think that Harper foresaw this and wanted the government defeated so that he could not be blamed for the impending collapse. So where do things go from here? Do the leaders of the short-bus parties form a collation and then when the brown stuff hits the fan implode, giving Harper his much sought after majority? Or do you think the Conservatives are strong enough to get a majority this time around (I sure hope not) and then it doesn’t matter what happens from that point? I am unconvinced that they have enough strength to win a majority at this point in time, but am concerned that there is not enough of a strong opposition that this could well happen. Before this digresses into a political discussion I will shut up and await your comments on what this means to housing and our economy at large.

After Mr. Harper spends six weeks scaring the crap out of people about a Lib-NDP-separatist coalition, the likely outcome is another Conservative government. That’s the end of (a) Ignatieff, (b) Layton et (c) Duceppe. Minority or majority, I think the impact on the economy will be the same. Clearly Mr. Harper is happy about this election, and worked hard to provoke its calling. Voters couldn’t care less about contempt of Parliament, because politics is all about them. By forcing this now, the government shields itself from some of the inevitable events to come.

Higher rates are one. Yes, the Bank of Canada is hot to normalize rates and will still be adding 1% to the prime rate this year, and lots more after that. Absolutely this will have an impact on people who bought houses with no money – but the consequences are now a political eternity away in late 2011 and 2012. There will be no Mark Carney thunder until after May. Ironically, rate hikes later this year may be stiffer as a result.

Then there’s the austerity. Be assured if the next budget is a Conservative one it’ll start making government smaller, trimming the civil service (except CRA), winding down the stimulus spending and sticking it to the provinces. Lots of people will applaud this. Look at the Rob Ford factor in Toronto. But it will also slow economic recovery, and help topple housing.

As for a coalition government, seems more than remote. Already the negative spin has hit the international financial media. Said Bloomberg: “Opposition lawmakers toppled Canadian Prime Minister Stephen Harper’s government, triggering an election that may result in an alliance to reverse his corporate tax cuts and overturn plans for more military spending.  While polls show the governing Conservatives would likely win the most seats in an election, the main opposition Liberal Party may seek to form an alliance or formal coalition to govern if Harper, 51, doesn’t win a majority…”

And what of Mr. Harper’s threat an election will murder the economy in a time of risk?

Forget that. Markets don’t care.

In the fall of 2008 as the financial crisis swept over us, equities plunged, jobs washed away, real estate tanked and investors freaked, Stephen Harper promised if we voted for him there’d be no recession, no deficit. And Michael Ignatieff was telling me it was all about him.

Days later, my defeat. It tasted like freedom.

293 comments ↓

#1 HouseBuster on 03.25.11 at 10:07 pm

Canada’s Mortgage Monster?

http://www.zerohedge.com/article/canada%E2%80%99s-mortgage-monster?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

#2 andrewS on 03.25.11 at 10:08 pm

I have to say, that since this election sabre-rattling started a few months back, that I have always suspected that Harper knows it is about to hit the fan and wants a fresh mandate so it has time to blow over before the next election.

Even without the forced election, he’d be facing the voters within a couple years as he ran against the term limit – not enough time for a multiyear crisis to be forgotten to voters. I guess he was kind of waiting for majority numbers (or for the Libs to turf Iggy, or Layton to stop pretending he’s still 35) but he can’t wait anymore.

Oh well.

#3 Leslie on 03.25.11 at 10:12 pm

First!

#4 (low density) Sam on 03.25.11 at 10:13 pm

It’s not about nothing Garth.

It’s about Harper turning Canada into a neocon mirror.

secretive and less accountable government

knifing programs secretly in the dead of night with no accountability

bigger and more secretive and less accountable military

the things that just keep shining through with Harper; his guiding light and north star

behind the scenes
secretive
unaccountable

#5 Blobby on 03.25.11 at 10:26 pm

Its a win-win for mr h, and he knows it… Its why he ocastrated the election to happen. He wanted it to happen while telling every idiot who’d listen that he doesnt (honest!).

If we have one, and the housing/economy collapses.. Then if the tories win – they can blame it on the liberals for “forcing” the election (as EVERYONE knows elections CAUSE the economic recover to fail).

If the liberals win, then the conservatives can blame them for killing the economy – and get back in power within 4 years… This is the tact being used in America, forget the economy went tits up under bush – blame the guy left picking up the mess.

Win-win.

#6 Paul on 03.25.11 at 10:27 pm

To bad you walked over to the libs instead of the NDP.

#7 phinny on 03.25.11 at 10:28 pm

Until Garth forms a libertarian, small business- and middle-class-centric party to counter these clowns, I’m still voting Conservative.

If I wanted a Brit in charge, I’d kidnap Thatcher ( … is she still kickin’ ???) – not elect some bloody Oxford ex-pat and his sidekick pansy, bohemian f*g Trudeau. Sheesh, if you don’t work for CUPE or the Teacher’s Union, and you VOTE for the Left, you should be hung for treason by the rest of us putting in 60’s every week.

#8 WesternGrit on 03.25.11 at 10:31 pm

I think some people are going to be a little surprised with the end result of this election. While the “contempt” ruling may not resonate, Iggy is NOT Dion, there is no “Green Shift”, the coalition fairy tale will go away soon enough, and the media actually seems to be taking notice of other things (after months of watching the “just visiting” ads, and “coalition ads”, they’re ready for some fresh meat)…

I think the key, however, will be that Ignatieff is no Dion. Knocking doors – even in Vancouver – I became quite aware of the “Dion factor”.

Now, do the Liberals actually WANT to win? I think a Conservative Minority would be the best result for them – based on what’s going to happen with the economy. Oh well… Let’s see what happens, shall we?

#9 bsallergy on 03.25.11 at 10:35 pm

Only difference between Stevie and Bulroney is that Brian sort of had a heart not a lump of coal. Stevie is a true believer in his cause . . . not sure what that cause is, but he believes. He’s a bit like the AA types who tell people they’re alcoholics they just don’t know it yet. We are all selfservatives, we just don’t know it yet. Down with taxes, but we want our healthcare, we want our highways, we want our entitlements, blablabla. Borrow and spend, that is the selfservative way. We are so screwed.

#10 kc on 03.25.11 at 10:36 pm

This time around it is going to be different… Harper won’t be getting his majority, and I am guessing that the Liberals will be getting a minority. Can Iggy be any more of a screw up as Stevie is… but a majority in Steve’s corner will be scary for Canada. Let the negative ads fly and turn this into another dog & pony show…

However on the positive side we DON’T have to fight in the streets and spill blood for the right to place an X!

#11 T.O. Bubble Boy on 03.25.11 at 10:44 pm

I tend to choose which political party to vote for by the number of Libyans they’ve killed this week with bombs dropped from shiny new no-bid $36B fighter planes.

#12 Hovering on 03.25.11 at 10:45 pm

mostly I’m tired of the boring double speak

“standing up for families”

“job creation”

please..

I’d kill for a leader who had a vision and some ideas on how to make it happen.

cut government back = yea (loads of useless dead weight in the civil service)

cut salaries yes (do you have any idea what an RCMp corporal makes ?)

simplify tax rules (how about a flat tax? no exceptions. across the board. do away with arcane tax rules, and the army of accoutnants, payroll corps and lawyers that feed off it)

simplify for god’s sake

instead of 10 nurses at emerg how about one doctor triagig you when you came in (worked on MASH)

I’m out

#13 TheBigLebowski on 03.25.11 at 10:47 pm

An austerity budget and higher rates will last but a fleeting second. There will be no political will for this as the global economy starts to turn down again after June. Like a Zombie dependent on a defibrillator to keep animated and moving forward, so to is the global economy dependent on stimulus to stay upright. Stimulus is no longer a choice, it is a necessity that prevents a spiral into a global deflationary depression. Like the Zombie living on borrowed time, the global economy is living on borrowed money. Take away the puking of money and credit out of thin air and every comes to a halt and falls on its face.

#14 Maxamillion on 03.25.11 at 10:56 pm

We’re better off with Gaddafi or maybe we could just hand over the country to Charlie Sheen.

#15 Increasing that 1% on 03.25.11 at 11:15 pm

That’s depressing

————
And, wth is this ‘The Harper Government’ term, being used in the MSM — we can’t vote for who our Prime Minister is, so how this terminology is acceptable, idk
———–

#16 One of Charlie's Angels on 03.25.11 at 11:16 pm

funny pic!
Um Garth….you are still expected to vote…just like the rest of us poor souls.
What I find particularly ironic is that foreign nations want to model ‘democracy’. Pity. But then again, we have freedom to be fools, and we get to vote…repeatedly even!
Come now, we had fun (well, except when Martin came to Milton and the RCMP guys tried to move me instead of that bus)
Let’s do it again, we’ll all move to Harper’s riding and rent houses!

#17 Basil Fawlty on 03.25.11 at 11:19 pm

What does it say about democracy when a government falls for being in contempt of parliament, however the citizens “could care less”? This is the first time a government in Canada has been deemed to be in contempt of parliament and it is a big deal, no matter how the issue is spun.
Harper can ridicule the idea of a coalition, but he should be forced to defend his anti-democratic shutting down and of the house of commons ( on two occasions) and his general contempt for parliament.

#18 Chaos on 03.25.11 at 11:23 pm

FWIW…

For roughly 30 days before the election and 90 days after the election.

There will be clarity in political agendas worldwide.

This is because Neptune moves from Aquarius to Pisces until the beginning of August.

The downside to this energy is that it is highly likely that people will indulge their delusions to greater heights.

Personal craziness rules the day.

Anything can happen.

#19 Tim on 03.25.11 at 11:29 pm

The election will have minimal impact on the economy and less on the markets. Harper is trying to take credit for the economy, though most of the credit is due to higher commodity prices and the structure of our banks. (Even though they wanted to merge, the Liberals wouldn’t let them. Imagine if they had. They’d have gone on a shopping spree in the states before the crash and probably would have soaked up risky toxic assets. So it is not due to their prudence as much as the fact that the Liberal Govt wouldn’t let them merge)

Under Harper’s watch, we’ve racked up the biggest deficit in history. He’s spent over 30 Billion on fighter jets, a fortune on prisons, while cutting back on arts and education. He’s prorouged parliament twice, avoided being accountable on the Afghan detainee issue, pissed off many countries, thereby diminishing our world reputation, stacked the senate, after he said he wouldn’t, severly restricted access even among his own party members (what kind of individual would work for a control freak who wouldn’t let people speak freely? It says a lot about an individual’s character..) I would gladly settle for a coalition govt any day before I would vote this $%%* in, not that I ever voted for him. Watch his true colors manifest if, God help us he gets a majority

#20 eddy on 03.25.11 at 11:32 pm

Zteven Haarper doesn’t have a single MP from the 416 are code ! That’s TORONTO, can you believe it?
He’s the PM and that’s the largest most multicultural city.
After last summer’s G20 globalist show, I expect him to lose some 905 seats
it’s just plain over for him, it’s all about globalization- ask yourself this question – do you thin Haarper knows who did 911? of course he does and of course he knows the war on Muslims is a fraud, at our expense.
(for those who haven’t figured it out, on 911 the only county in the world capable of missile hit on the Pentagon did so, that county is USA. They showed cartoons of planes crashing into the twin towers on TV, demolished 3 evacuated buildings and blew up an empty plane in Pennsylvania)

new the tide has turned and people are waking up- Haarper is a liar and a war criminal- did anyone attack Canada? presumably his Illuminati creators have a new job for him

Friends, we need a new party, a Canada first nationalist party. a complete brake form the root of all evil in the world-the British Empire.

#21 On the fence on 03.25.11 at 11:32 pm

I was glued to your inside experience in parliament. I am, or maybe a past tense of, was, affiliated with the Conservatives. I’ve become disillusioned with the spin, lies and scrapping of any hint of all levels of what conservatism really is. Day and Strahl leaving and the recent stories of EDA rebellions are representative of a tide that turning against the arrogance and corruption.

I’m in agreement with you about the outcome of this
election. Sadly, I don’t feel it is to any benefit to the taxpayer.

Your resume as a MP was something to be proud of. You fully represented your constituents. Canadians do not understand how little they are listened to by their local MP’s nor the Parties.

I’m stepping back from this election, I may even turn off the radio and tv pundits, who will treat this as a sporting event rather then fully inform. Burnt out, loss of spirit, like many before me.

Keep writing. Your one of the few in our country, voicing your thoughts and trying to educate. No spin here, Garth. I thank you for that.

#22 Tim on 03.25.11 at 11:33 pm

Stop Steven Harper
http://richardhughes.ca/tag/pm-steve-harper/

Liberals hope to Prevent Tories from Doging Contempt Findings
http://www.thestar.com/news/canada/politics/article/960072–liberals-hope-to-prevent-tories-from-dodging-contempt-findings

#23 David on 03.25.11 at 11:36 pm

Sorry, but this is the least enjoyable post since I started reading your blog. I hate politics, I hate politicians, and I hate that my money is embezzled from me and spent on the crap it is spent on.

#24 not 1st on 03.25.11 at 11:42 pm

Garth, you are right that the real estate in canada is in a bubble big time, but so is the silliness that is the U.S. stock market. That thing is just begging for a haircut don’t you think?

#25 Rico Suave on 03.25.11 at 11:48 pm

Re #11 T.O. Bubble Boy
“I tend to choose which political party to vote for by the number of Libyans they’ve killed this week with bombs dropped from shiny new no-bid $36B fighter planes.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You poor, romantic soul. I hope you realize that when it comes to that, it makes no difference who wins the election. Flashback to March of 1999 and Canada’s shameful participation in the bombing of Serbia, when Chrétien and the Liberals were the head honchos.

#26 JMD on 03.25.11 at 11:51 pm

Funny picture!

Can someone fill me in about the political situation in Canada? In less than 100 or so words?

Here ‘down under’ we have a political system at least as dysfunctional as yours. Could be useful to know exactly what happened.

#27 Nostradamus Le Mad Vlad on 03.26.11 at 12:07 am


“. . . (anyone remember Dion?).” — All too well. A decent man of integrity, principle and honesty.

Compared with the current sack of lying shitballs, ultra right-wing (a la dubya) neocon sleazebags masquerading as politicians, it would be really good to have a HoC loaded with Dion’s, Turner’s, Chong’s, Casey’s — MPs prepared to put their constituents first, not the party. But this is not your time, now.

“. . . disheartened to know what lay ahead for the Grits. It’s about nothing.” — Iggy, Layton and Duceppe are clones of Harper, so John Turner or Che Guevara might have a better chance.

Then again, when Yellowstone erupts shortly via a magnanimous blast along with a ‘quake of epic proportions, the four western provinces, three territories and several of the states can easily look after themselves. The feds — in either country — are something not needed anymore.

“That’s the end of (a) Ignatieff, (b) Layton et (c) Duceppe. Plus (d) Harper and the CPC.” — None of the above is option one; independent is option two. Get the freeloading bastards outta here! Let the people run their own towns / cities.
*
#289 Jim — “Harper will crash along with Canadian Real Estate.”

Hope (a negative emotion) springs eternal, but truth is stranger than fiction. I very much like that sentence!

#301 mikef — Thanks, and duly noted!
*
Wall St. unconcerned by falling home prices. Why?

Sheeple are waking up to what has happened to them. Lots of freedoms, rights and civil liberties already gone, so Wake Up, Sleepyheads! (incl. us).

Ten min. video link in. David Icke on the possibility of WW3 in 2011-12. Hence, suspended election, Stevie imposes martial law plus curfews.

CC “HERE are the 100 reasons, released in a dossier issued by the European Foundation, why climate change is natural and not man-made:”

Bilderberg Meeting Let’s all hop on a few of Stevie’s no-bid jets, and join in the fun!

Consumer Confidence lower than an anchor, Percentages and Appraisal madness.

First Japan, now Slovenia (nuke plant).

Japan — New fallout.

BP Screwed up once, so here’s another permit.

Libya “The year before (2007), Petro-Canada, a large Canadian oil company, made a similar $1 billion payment after Libyan officials granted it a 30-year oil exploration license, according to diplomatic cables and company officials.” Libya Two Like Iraq, a pre-planned and illegal invasion.
*
Chaos — links in. Remember the Pangea supercontinent? It may be on it’s way back up!

#28 Jon B on 03.26.11 at 12:13 am

I thought your MP TV was great. Really admired your desire to be transparent and accountable to your constituents. But how come you didn’t see the true nature of being an MP? It’s not about doing the right thing, it’s about supporting the dominent minority interests that run the show on the hill. ex. Power Corp, Quebec and big oil. Even I got a good sense of it during my stint with the Forum For Young Canadians. If you really want to serve the Canadian people, run an informative blog about the dangers and realities of buying overpriced real estate in Canada.

#29 Kitchener1 on 03.26.11 at 12:23 am

Lets start taking bets

No majority for Harper, not going to happen. He won a lot of seats by a margin of 2000-3000 votes. HE got his vote out while the left did not.

He is going to lose Quebec, all of it, Duccepe asked for 1.6 billion for HST harmonization, he got ZERO, BC and Ontario both got billions, thats not going to play out well.

Harper really forced this election, he could have purchased 5 less jets or built a few less prisons and given NDP what they wanted, they were realistic in there demands.

He has squandered a nice surplus.

He progued parliment, changed the govt of Canada to the “harper govt”.

Simply put, the libs and ndp can offer much more in terms of their platform and Harper has to stick to his joke of a budget. First party to offer heavy CPP increases wins. Thats what this election is going to be about, just wait and see. Jack and Iggy will be fighting over the boomer vote.

Forgot the poll numbers, there irrelevant, just like they were with Rob Ford and toronto;s mayor election.

He got more votes then almost double his opposition but the polls were calling it a close one. Pollsters only call land lines.

Hate to break to you blog dogs but its folks like me, the swing voter, that decides the election, not you dyed in the wool right wing or left wing guys.

#30 Andy In Vancouver on 03.26.11 at 12:32 am

I’m calling it. Next Canadian PM with a majority for his party: Justin Trudeau.

Why? … Because he’s a Trudeau. Minorities until then.

#31 BC Bring Cash on 03.26.11 at 12:35 am

Harper and his trained seals were all with him during the contempt of Parliament vote. They cheer and clap his Holiness without question. They worship the ground Harper walks on. He is the Holiness of Cooperate Canada. Harper was not impressed. He would not answer any questions after his brief commentary. I would not want to be in his company tonight. Eventually Harpers party will come to an end.

#32 Mr. Lee on 03.26.11 at 12:36 am

The best thing that has happend to Canadian politics has been minority governments. Conc, Libs, Laytons….opposite ends of the same coin. Cons getted roasted by Iggy for the F-35s that Jean agreed to. Keep the corparte rate status quo, Iggy sure to lower them once he is in power.

Give none of these parties a majority, if you want some form of democracy. Majority governments are dictatorships for five years, responsible govnement is only responsible to the PM and PMO.

#33 Groundhogday on 03.26.11 at 12:43 am

This edition read like a FAILBlog

http://failblog.org/

More than usual anyway.

#34 BrianT on 03.26.11 at 12:44 am

#11TO-You don’t understand-we only kill the Libyans who oppose Al Quadea and we only kill the Afghanis who support Al Quadea.

#35 nonplused on 03.26.11 at 12:45 am

Oh great, it’s back to being a political blog, the only thing that probably matters less than real estate now.

“Harper is a neocon!”

“Ignatieff is a power hungry moron!”

“Layton is just a moron!”

“Ducepe is an opportunist!”

Who cares??? None of them can get a mandate to fix anything, just try and appropriate more of the pie to certain interest groups while the oven burns down.

Folks, there are real issues at foot you need to worry about and take action against. These include oil as it rises from here to $185 in 2020 (Society General), Japan melts down (not just the reactors, you can’t get toilet paper or drinking water in Tokyo right now), the MENA erupts (with the response lead by… Canada? WTF???) , Europe runs out of money and credit, the US State level economy implodes, and all the usual troubles continue.

This election is fiddling while Rome burns. Everyone knows it. Thankfully it won’t last long.

Garth, or anyone else, if the opposition wishes to form a coalition, can’t they petition the GG to allow them to do that now? Do they really need an election?

And how are we supposed to “lead” the no-fly zone in Libya when we don’t even have a government to authorize it? Something is fishy with that. Let the French have it. If the rest of them want to pull back and let a bunch of Canadian CF-18’s try and solve the problems there, well, we probably will be looking to buy new planes soon. And we are taking a pretty bad hit in foreign relations for even supporting it, but most people realise we have to do what our US overlords ask of us. But lead? That will be a big black eye.

Clearly the French and the British have wanted to express their displeasure with Quadaffi for some time. But they should finish what they started, and not look to us to clean it up.

And I think Mr. Carney is not going to allow a nothing election to influence his rate making decisions. In fact, he might use the lack of oversight as a cover and move early, before the political pressure from the new party arrives. He is pissed sideways about what CMHC has done, and he means to rein them in, by raising rates until they have to be responsible. I don’t think he’ll try and crash them, but he will institute a whole new culture of prudence in lending, based on what he has been saying.

#36 BPOE on 03.26.11 at 12:55 am

There will be interest rate hike this year. End of story. Interest rates will be lowered. This election is great news for Canadian homeowners who can continue to bask in low interest rates for years and years to come

#37 smartalox on 03.26.11 at 1:06 am

Don’t let the tory spin fool you: this election was wanted, and necesary. At least now Harper won’t be diverting our tax dollars from social programs, just to tell the country how great he thinks he is.

Let him spend his donors’ money to make his attack ads – that is, if he can do so without another money laundering… er… ‘in-and-out’ scandal.

Canada’s Parliament did today what Ontario’s Parliament couldn’t do in 2003, when the same gang of shysters connived to witheld key information in a provincial budget, but delivered it in an auto-parts factory (later shuttered) – to deny the existence of a $2Billion dollar deficit. After being defeated, these same Tory swine moved on to a richer target – all of Canada, instead of merely the people of Ontario.

Set yourself up with a front man from Calgary south… better to access all that free-flowing oil money!

What happened today was historical: in all of the British commonwealth, no government has been found to be in contempt of parliament. Ever. Congratulations Mr. Harper, on another in a long line of dubious achievements.

This election is both necessary and desired. My elected representative represented this constituent in accordance with my wishes when he voted today to find Harper, Flaherty, Baird and Clement to be as comtemptible as I do.

#38 Soylent Green is People on 03.26.11 at 1:09 am

Can you email me a copy of the transcript of Ig’s remarks. lolol

#39 Robert on 03.26.11 at 1:17 am

Our Bush-lite Harper government drained the inherited Liberal budget surplus in order to preserve an illusion of prosperity over the entire span of their administration. Having provoked CMHC to comical levels of fiscal imprudence, we (every Canadian taxpayer) are now in hock to the banks and finance companies who were licensed to pour cash willy-nilly into the bubbling froth of property speculation. If there’s any talk of treason, it must first address the spectacle of democratically elected leaders selling their constituents into bondage to the “pied pipers” of real estate. It’s almost comedic that some of us are pining for helicopter loads of foreign speculators to buy the land from beneath our feet. We don’t need new fighter jets to defend our country, we need bona fide patriotic leaders whose loyalty is to Canada and Canadians first and foremost.. Sheeshh..

#40 Soylent Green is People on 03.26.11 at 1:17 am

Pollsters submit free useless polls in hopes of getting published

When Gregg started polling in the 1970s, there were only a handful of public opinion research companies. Polls were expensive so media outlets bought them judiciously.

Now, Gregg laments almost anyone can profess to be a pollster, with little or no methodological training. There is so much competition that political polls are given free to the media, in hopes the attendant publicity will boost business.

Turcotte says political polls for the media are “not research anymore” so much as marketing and promotional tools. Because they’re not paid, pollsters don’t put much care into the quality of the product, often throwing a couple of questions about party preference into the middle of an omnibus survey on other subjects which could taint results.

The problem is exacerbated by what Gregg calls an “unholy alliance” with the media. Reporters have “an inherent bias in creating news out of what is methodologically not news.” And pollsters have little interest in taming the media’s penchant for hype because they won’t get quoted repeatedly saying their data shows no statistically significant change.

“In fact, they do the exact opposite. They will give quotes, chapter and verse, and basically reverse and eat themselves the next week,” says Gregg.

Take a poll that suggests Tory support stands at 35 per cent, the Liberals at 30. If the MOE is, say, 2 percentage points, that means Tory support could be as high as 37 and the Liberals as low as 28, a nine point gap. Or the Tories could be as low as 33 and the Liberals as high as 32, a one point gap.

http://www.winnipegfreepress.com/canada/breakingnews/pollsters-advise-voters-to-be-wary-of-polls-ahead-of-possible-spring-vote-116112554.html

#41 Mr. Reality on 03.26.11 at 1:19 am

Garth i appreciate the glimpse into your political past.

I question: Did you come to hate the political system that you grew to know so well?

I’m no commie, but democracy these days is a total disgrace!

Mr. R.

#42 gmc on 03.26.11 at 1:22 am

Garth for PRIME MINISTER!!!!!!
UNFORTUNATELY YOU SPEAK THE TRUTH AND WE ARE SO SCREWED THAT NOBODY WANTS TO HEAR IT.
CONSIDER THE JOB AFTER THIS ALL BLOWS UP !!!!
AND DON’T STOP THE HUMOUR, AND NO CENSORSHIP, AND THE PROFANITY THAT SOME SAY WILL AFFEND THE YOUTH, THEY NEED TO WAKE UP AND SEE THE THR REAL WORLD, SOON THEY WILL PAY THE TAXES FOR THE COVER UPS.
CHEERS I AM A DAILY FAN

#43 Soylent Green is People on 03.26.11 at 1:23 am

• Four senior Conservative Party leaders could face time in jail, including two Conservative Senators, for orchestrating the infamous Conservative Party “in-and-out” election campaign scandal. The Federal Court of Appeal, one of the highest courts in the land, has ruled against the Harper Conservatives, and Elections Canada has filed formal charges. The Harper Conservatives dismiss all of it, calling it simply an “administrative difference of opinion”. This shows utter lack of respect for our courts and the rule of law.

• The Conservative Minister of Citizenship and Immigration has been found using his ministerial office to campaign for immigrant votes. There is real concern that he has used government resources, connections, information and his influence to gain partisan advantage within immigrant communities. New Canadians are furious to discover that they are being crassly taken advantage of, simply for votes, by the very Minister who should be looking out for their best interests.

http://marthahallfindlay.liberal.ca/blog/the-harper-government/
.
.
.

#44 jas on 03.26.11 at 1:39 am

#12 Hovering:
Good points. Add to also the fat pensions to the civil servents. And how about pension entitlement of MPs and MLAs? I beleive they become entitled to a pension after serving for 6 years…whereas we, the ordinary joe have to work like donkeys for 30/40 years and even then what do you get? $900/month or so?
Come on folks, wake up…time to bring fairness to this system.

#45 Soylent Green is People on 03.26.11 at 1:39 am

Grade 5 Civics Lesson

Basically, Stephen Harper’s Conservatives have thumbed their noses at Parliament – the essence of our polity – whose conventions and rules are founded and built upon this great country’s Westminster parliamentary traditions and history.

Consequently, the Conservatives are not simply in contempt of Canada’s Parliament, they are in contempt of Canada as a whole!

And those who turn a blind eye and look the other way, while saying, ‘this is a trivial matter – a ploy by the opposition’, need to blow the dust off their grade 12 social studies books and brush up on their civics lessons.

http://www.canada1867.ca/2011/03/conservatives-found-to-be-in-contempt.html

#46 Utopia on 03.26.11 at 1:44 am

The non-confidence motion passed by the opposition led by Michael Ignatieff will likely go down in history as one of the biggest blunders in Canadian political history.

Here we have a leader of the opposition now going before the public with no major platform to offer (that we know of) at a time when his party is at one of its lowest polling points in years.

Not only is he not offering an alternative platform that we can all sink our teeth into but he is attempting to shake loose the governing party on the basis of Ottawa theatrics that most people are not even paying attention to and do not care about. He has built his political machine around a series of gripes and complaints that do not resonate with voters.

Does that strike anyone else as incredibly arrogant?

I think the Leadership of the Liberal party has displayed very poor judgement here and will be penalized by both the electorate and Liberal donors who usually support the party.

How can anyone put faith in a leader that wants to rush to an election at a time when they are near their lowest points ever in the polls?

And the bigger question must then be, if the Liberals seriously entertain the idea that they can win the election from a position of serious weakness in popularity then how can we possibly trust them to lead the country effectively?

What I am saying is this. If they are incapable of making sound rational judgements with their own people, party and resources why would they therefore be great custodians for the nation and its finances? The answer seems obvious. They would not.

The Japanese had a word for guys like Mike. They were called Kamikaze’s. Mr Ignatieff’s desire for power has effectively sealed his parties fate for the next four years minimum and cost his party a fortune in the process.

A very big blunder indeed.

#47 bridgepigeon on 03.26.11 at 1:54 am

I think this new war we’re entering will be a boost for Harper.

#48 Tom from Mississauga on 03.26.11 at 1:55 am

All parties are going to do the same thing anyway here. I agree it is yawner election. Even the NDP did nothing as the working poor borrowed massively for the bankers. Unfortunately even NDP faithful will vote Tory in GTA if they took on a big enough mortgage since 2008. As you said Garth. I know several former socialists that voted for Rob Ford.

#49 LB on 03.26.11 at 2:06 am

#10 KC

“The right to place an X”? Why should we participate in a process that only enables and prolongs more of what is ineffective non-representation?

When less than 50% of a population turns out to vote, how representative,really, IS the resulting government, by ANY party? Not at all, as the growing numbers of disenfranchised and non-participating citizens grows.

NOT voting is a legitimate and powerful statement in itself and is a necessary first step required in order to circumvent and initiate change in a system which has outlived its usefulness and purpose, and to allow for a more evolved democracy.

This democratic evolution will ultimately be facilitated and accomplished through technology -via the internet and social networks, as we are already witnessing worldwide (Garth facilitating his constituents to vote online is one example of this)

Technology has already quickly succeeded in permanently altering other established heirarchal institutions such as communications,the media,religion and militaries, making all of them more democratic.

Governments are next to be subjected to this kind of streamlined and more direct democracy, and we are beginning to witness this inevitable evolution, both within Canada and globally.

NOT voting in the present form enhances and ensures that this evolution will transpire more quickly.

#50 Gary in Alberta on 03.26.11 at 2:19 am

#4 (low density) Sam

I think you’ve said it way better than i could and i am truly fearful of Harper and his gang for these very reasons.

I was a supporter both financially and spiritually of Harper throughout the Reform years up to the past year or so when i started to see what you are seeing and as a result i either will not vote or if i do, will vote for anything but Harper.

The exact same applies to the Alberta Conservatives as well. They have become a bunch of unaccountable overgoverning spendthrifts in spades and they too need their asses kicked over to the next universe.

Scary times as what we see here i think applies as well to most governments throughout the world.

#51 EJ on 03.26.11 at 2:24 am

Could someone explain to me why the BoC wouldn’t raise rates now? Aren’t they supposed to be somewhat “independent” and an election shouldn’t matter to their mandate?

Or does this whole situation just expose their political dependency and the fact that there’s no real recovery and they know that raising rates will destroy 50% of homeowers and decimate the 20% of GDP that depends on housing?

The economy is FUBAR no matter what they do. Delaying the inevitable only compounds the problem.

#52 Thetruth on 03.26.11 at 2:28 am

Garth, were you surprised by your time in office??

The Newton-North Delta Conservative nomination process is a mess (understatement). The mess is under wraps for the time being… That is politics! Rarely do you have altrusitic people running. Let’s see who Harper shuttles into this riding?? Linden?

#53 Mark on 03.26.11 at 2:46 am

You have an ally, Garthy.

http://www.cbc.ca/video/#/News/1239849460/ID=1858078389

Lang and O’Leary exchange, about 50 minutes in, David Madani from Capital Economics says 25% decline over 3 years.

“Canada’s housing market is essentially at its peak, at the US they’re at the opposite end. We’ve been in this situation before, it never has a happy ending. You’ll often hear soft landings, cooling down, rarely does this ever happen. There is substantial downside risk to housing investment in Canada, if you look at a chart of housing investment as a percentage of GDP, we’re at a historical high.”

#54 Voter on 03.26.11 at 2:57 am

Hey G’ man
You have become repetitive in your posts, funny thing is all ur doom and gloom still seems like that you are on cracks. You might be doing the favor to this nation so you will not be blamed when they bear the consequenses. If u run 4 president you sure have my vote. Believe me you are more popular than you think you are, give it a shot one day.

#55 Voter on 03.26.11 at 3:12 am

Be a true Canadian, buy high sell you.
Buy now or priced out forever.
keep electing these mosquitos and feed them your blood.
Borrow more money, sink little more in a debt, interest rates are never going to rise, we must live life king size.
Because we are different than our neighbors, when our time will come we gonna suck more than our southern counterparts.

#56 GregW, Oakville on 03.26.11 at 3:13 am

Well Garth, “Voted in as a Conservative and vowing to promote digital democracy” and “When reporters asked me questions, I answered. In other words, as an MP, I sucked.”

IMO, The style you displayed as a ‘Canadian Government’ MP was Steller and refreshingly. And still is!

It is most unfortunate for Yourself and a great loss for Canada, that going into it you weren’t told straight up by H before hand that you would actually be working for the ‘harper government’ not the Canadian Peoples Government (can you imagine), and never you mind the stated election promises you made to the people to promote digital democracy and actually answering questions, and even in your own words, on the spot, at most any time. Talk to other party MP’s and do interview with them all and show it on the web for all to view.
Don’t forget about being brash enough to critically think for yourself and try to take action in the best interests of most of the people in this land called Canada. Despite ourselves.

Thanks for your straight take, and the occasional glimpses of the inner working in Ottawa while you were there.

I won’t presume to speak for anyone else here, but I’m glade your still doing what you can for the people that care to listen to your insight, come to this blog and get your books. Thanks for being you!

Question:
Anyone out there know were one can find info about what is needed to run in this election? If we could some how get ALL independent MP’s in the house this time that really wanted to work together to do good work for all the human beings in the country first, Now that could be really exciting. Just Imagine! No one in office that used lots of others peoples & Corporations money to get elected. Just some good ideas to try and make things better for all. If your reading this I bet you could do a pretty good job as an MP. Form what I’ve seen the last little while, It looks like you’d be hard pressed to be worse. Now is your chance to throw your hat into the ring! Just about 36 days until you’d know if you’d needed to find a rental in Ottawa, if your neighbors pick you for the job.

So what is required to get your name on the ballet anyway? Maybe get a few signature at the local mall and a little paper work perhaps? A few buck maybe?
Talk to a few reporters. Meet and talk to your neighbors, you know politics.

Were can a person find this info, any links please?

#57 Utopia on 03.26.11 at 3:17 am

I could not help but notice by the way that the girl in todays picture (above) has orange shorts. Must be some kind of subliminal investment advice since the topic of Orange shorts comes up quite a bit on this site. So don’t get all distracted by the pretty girl. She is only a metaphor for your savings account.

#58 Coho on 03.26.11 at 3:25 am

Imagine Harper promising there’d be no recession if he was elected. Maybe he can part the sea as well. But he’d have to ask for the Queen’s permission. Can anyone really get excited about elections nowadays? It is like asking a person which eye they would rather be blinded in — the left or the right.

Priorities of Government
Priority #1: The wishes of the heads of the royal bloodlines (ruling class) comes first, even though they are made to appear as benign figureheads, whose comfort and lifestyle we’ll gladly pay with tax money for our entertainment. We know to what ends governments go to remain in power, so do we really think royal families spanning centuries have relinquished their power? Democratic governments have a dual purpose: a) To give the appearance that it is the people with the power — the power of the vote, which is just an illusion because once they get in, there are “priorities” to address — and, b) Act as a “punching bag” or a buffer between the people and the power behind world affairs.

Priority #2: The political parties themselves. Rather than serve the people, they serve themselves first. Similar to HAL 9000, the computer on Space Odyssey that becomes sentient, who turns on the astronauts it’s meant to serve, for its own self preservation.

Priority #3: Being in bed with big business, banking/brokerage cartels. In other words, Fascism.

Priority#4: Feathering their own nest. Job perks…golden pensions, an army of staff to help get them through the day, perhaps? How can lifetime politicians relate to common people when they don’t have the same concerns? They’re in a protective bubble. Public service has become a “I just got elected and got it made for life” self service culture.

And as months turn into years, we’ll be hearing more and more about austerity measures. Increased taxes. Cuts in services. Continued belt tightening and still, the country will have its financial hands tied to the point where it will have to turn for help. And then the IMF will be there only too happy to “help” –its arms wide open having patiently waited while countries were urged to spend their way to self destruction.

I wonder where the IMF gets its money? How does it acquire such enormous wealth as to be able to bailout/buyout not one country, but many? And onwards we march towards one world government. Who else feels that such centralized consolidation of power with entities such as NATO, UN, IMF/ World Bank, WHO, etc are anti-nation and anti-freedom, and therefore, anti-people?

#59 Phil on 03.26.11 at 3:26 am

Oh please,
this has to be the last dance for the Conservatives under Harper.

#60 Dirt Dog on 03.26.11 at 3:32 am

Well I guess we’ll be taking about the election for the next 6 weeks, with real estate on the back burner.

Big Lew…I always appreciate your comments!!

You get what you deserve.

Have a Chinese kind of weekend.

Hugs

DD

#61 Whistler Dude on 03.26.11 at 4:19 am

Harper learned from Jean- the pepper strangler, that if you want to have an election that few will notice- do it in the spring. Canadians are filled with sunshine induced endorphins. Oh yeah “The National” doesn’t come on CBC til after the Canucks game is over (11pm Ont time, lets assume they’re the late game), 2nd round at least this year!
Choosing either the LPC or the CPC is like deciding if poo or puke is easier to taste while smiling. And the hard part is knowing that you helped make it.

#62 MB on 03.26.11 at 4:23 am

Dear Garth,

Why is a coalition a good idea when going after Gadaffi the anti-democratic dictator, yet it’s a bad idea when going after the dictatorial anti-democratic Harper?

As for the electioin being about nothing, the only reason it’s about nothing is because independendant-minded people who want to do real things for real people refuse to engage.

I for one will be running, unconstrained by Party Whips, for the sole purpose of getting everybody in Canada a Family Doctor. If elected, that is what I will spend each and every day in office working on legislating and enshrining in our Constitution.

Singlemindedness of purpose. It doesn’t get any more real than that baby… A Family Doctor in every pot!

I encourage all independent-minded people to do the same…

Engage!

Sincerely,
MB

#63 TheCDNMan on 03.26.11 at 6:14 am

Well Garth, how about that , our Country is missed managed and will be for a long time, the vision they have is there own and not the people’s. The first PM that decides to really work for us the voters I guaranty he will succeed. If we do go in elections the VRM’s will go up…and if we don’t go in election they still going to go up. Who or what ever leads the country will blame the other for the raise in interest rates. It is nice to have these rates but we can’t continue that way, I know it, you know it, they know , but some very uninformed folks don’t know it and they are the people that are dangerous…..let’s wish that the party that will lead us start working for US the voters for once…!

#64 ATP on 03.26.11 at 6:50 am

Where’s our own Ron Paul?

#65 Grantmi on 03.26.11 at 7:10 am

#1 HouseBuster on 03.25.11 at 10:07 pm

Canada’s Mortgage Monster?

Mr. Housebuster, meet… Mr. tinyurl.com

#66 Grantmi on 03.26.11 at 7:11 am

#3 Leslie on 03.25.11 at 10:12 pm

First!

Idiot!

#67 Herb on 03.26.11 at 7:46 am

The sign may be true in principle, but in practice? Honestly, which of the ladies in the picture would you choose?

Just like politics, isn’t it.

I have a dream: the polls will open right after the trip to Rideau Hall, and we will be spared six weeks of inescapable all-day Question Period.

#68 David B on 03.26.11 at 7:53 am

Canada Greatest Prime Minister ever and perhaps the Greatest World Leader Ever who even has the Americans on their hands and knees when he speaks …. will win a major majority …100% sure thing, all Conservatives have to do is show up on Election Day … Done Deal …. Why? because he like no other man in history knows how to spend our money, $13 Billion in savings GONZO! $3 Billion in an Emergency fund GONZO. $30 Billion for unproven aircraft … en route to GONZO! …. Tough on Crime ( incarceration in Canada costs 90-$120,000 ea/yr) $40 Billion en route GONZO! plus the $40-$60 Billion spent in less than 5 years really GONZO!! add to this supply and services c/w prime real estate … sold out and rented back …. GONZO! and much, much more lined up on books for GONZO!

And who remains #1 in polls? King Steve of Canada … the Greatest PM ever …. think not? check the polls for yourself.

And lets not forget our MSM who have thrown all their pride out the window along with any professional talents they had and bow daily to The King and his court waiting only to run his wish for day.

In the middle east men, women and children are putting their lives on the line in hopes for a better future … while here in Canada ….most Canadian voters (strange most do not understand the massive collective power they have) will stay home and not vote.

All said and done I believe politics is an honourable profession … somehow it appears as mentioned by not just Garth Turner but many others, we yes we (voters) have allowed a good system of government to fail us all.

This could be lowest turn out ever and our new leader (King Steve) will prevail having only had to win …. ready for it? approx 30% of the 50% who show up on election day. Stop and think just who has won from most of the spending listed above …. (and they will turn out to vote)

Dam smart modern day politics eh…. again the Greatest will win by three lengths with all the other horses not even in camera range.
———————————————
What to do
++++++++

Look after yourself and your family … pay down debt, invest wisely and enjoy life … for as Garth Turner has proven modern day politics is game you can not win without a very big stick ($$$$$$) …
—————————————————

Canada will survive … let’s all hope and pray for better days in Japan.

#69 Herb on 03.26.11 at 8:10 am

#30 Andy In Vancouver ,

you may be right. Now, what is the Trudeau magic that taunts us and will anoint the son despite years of right-wing demonization?

Compare with the leadership on offer in this election – and despair.

#70 Tim on 03.26.11 at 8:10 am

I agree with ghadaffi (spelling?) on the electoral process, everybody lies during an election and then when they get in its more of the same. The worst thing is if the libs get in it will be carbon taxes or some other tax increase, if the conservs stay in it will be deficit after deficit leading to more – you guessed it – taxes and if the NDP…. Lol, whatever.
The biggest problem with the current gov’t as I see it is in fact the corruption within, namely G20 fiasco, hidden agendas like the north american union and a completely reckless approach to spending. I say all that negative stuff as a guy who voted for them last time because I believe the liberals might potentially be a worse choice!

#71 kc on 03.26.11 at 8:11 am

#33 LB on 03.26.11 at 2:06 am

Sit on your hands all you want, but ask yourself what or who you are waiting for? Another B. Obama to be this shining knight on a horse that will motivate all these Canadian “non-voting” people to get involved after hearing more promises while speaking out both sides of the mouth.

After the new “savior” is elected he turns out to be another full of false promises.

Don’t vote that is your choice, however, remember that by not making an X you are actually slowly turning Canada into another Libya. chew on that thought for awhile.

#72 Moneta on 03.26.11 at 8:16 am

In 2005, when a house in the US was priced at 350K, it really meant 440K in Canadian dollars while our equivalent house was probably around 275K. Today, 6 years later, that same 350K US house is at 245K and the Canadian one is at 400K.

Most Canadians have trouble saving 4K per year, yet find nothing wrong with this picture.

#73 Moneta on 03.26.11 at 8:26 am

Then there’s the austerity. Be assured if the next budget is a Conservative one it’ll start making government smaller, trimming the civil service (except CRA), winding down the stimulus spending and sticking it to the provinces. Lots of people will applaud this
———-
We don’t NEED 2000 square foot houses and all the crap that fills them up.

A huge percentage of our economy is based on discretionary spending. If everybody cuts on the non-essentials to increase savings, a large % of the population will lose its livelihood.

That is what we are up against. A lot of people calling for austerity will be hit in ways they never imagined.

#74 maxx on 03.26.11 at 8:52 am

I want my lost interest back:

– given chronic suppressed interest rates, as hardworking, taxpaying savers, how many have calculated this lost income? I would love to bill this government for unpaid interest on my money (work it out, you’ll be shocked) along with the lost interest on that as well. As a saver, I feel like I’m being treated like a second-class citizen and punished.

My reaction, because of this treatment, is to look for ways to save even more money. I now realize that renting (with a good landlord) is much cheaper than owning (sold the cottage and urban condo to crystallize profit). A few more years of “market forces” on energy and tax will render many budgets unworkable.

As for the current farce on the hill, I would encourage people to grab their calculators and figure out how many cataract surgeries, hip replacements, medication and hungry mouths fed would be covered by this incessant waste of OUR money brought on by chronic abuse of parliamentary process. Our taxes are being thoughtlessly poured down the drain every day. Program cuts will be inevitable. Taxes will rise and increasingly, more will be marginalized.

The coming election process may put off the inevitable for a few months, but not forever.

We all know:
-good jobs are and have been melting away for years;
-people are saddled with chronic debt;
-people are spending on average 1.5 the amount they rake in;
-people’s savings have been decimated;
-many have not enough time left to cobble together a decent retirement;
-world demand for almost everything is growing and the competition for commodities ensures price increases that will seriously impact wallets;
-corporations use any and all world events to jump on price increases as they wish and there is no government control;

As for real estate, I can afford a home, but the value for money is simply not there-yet.

Economies worldwide need to normalize and that process should have begun well over 5 years ago. Many feel robbed by opaque, arrogant government. We are simply “viable tax-paying units”. Governments are and have been seduced by policy which will bring in ever more tax by having money spin faster and faster, even when it damages the future.

If governments normalized interest rates, a healthy segment of the population would begin spending again. That would give the economy a much needed shot in the arm. I might even buy a house.

Government has painted itself into a fiscal corner which many (lowly voters) saw coming and it refuses to admit it was wrong. This is not a case of hindsight, this nightmare unfolds in real time.

Malaise hangs over the kingdom. The people are not happy.

#75 Buyright on 03.26.11 at 8:55 am

YES
Garth for PRIME MINISTER!!!!!!

#76 Moneta on 03.26.11 at 9:05 am

simplify tax rules (how about a flat tax? no exceptions. across the board. do away with arcane tax rules, and the army of accoutnants, payroll corps and lawyers that feed off it)

simplify for god’s sake

———–
Easier said than done.

They are going to cut here and there with a complete disregard for the big picture. The social net will be full of holes, and they’ll be surprised when it can’t catch both the small and the big fish.

#77 Ex-Cowtown on 03.26.11 at 9:07 am

eddy on 03.25.11 at 11:32 pm
Zteven Haarper doesn’t have a single MP from the 416 are code ! That’s TORONTO, can you believe it?

++++++++++++++++++++++++++++++++

Easily believable. 416 is populated by self-centered pinko limousine liberal windbags who believe that they are the center of universe.

416 is ground zero for everything that is wrong with this country; a grandiose sense of entitlement, slavish devotion to political dogma without thought, idiotic and wasteful environmental snowjobs destined to destroy what few manufacturing exists in the Tarnished Horseshoe, and don’t even get me started on the Maple Leafs.

Don’t get me wrong, I don’t hate TO and I certainly am no fan of Harper, but I think TO is drunk on it’s own bathwater. Nothing that has ever happened in TO has put a single $ in my pocket, and lots that has happened that has taken $$ out of it.

But hey, that’s just me.

That’s for sure. — Garth

#78 Moneta on 03.26.11 at 9:15 am

I wonder where the IMF gets its money? How does it acquire such enormous wealth as to be able to bailout/buyout not one country, but many?
———
Money printing…

“The IMF, led by Dominique Strauss-Kahn, has the power to raise money on the capital markets by issuing `AAA’ bonds under its own name. It has never resorted to this option, preferring to tap members states for deposits. ”

“The nuclear option is to print money by issuing Special Drawing Rights, in effect acting as if it were the world’s central bank. This was done briefly after the fall of the Soviet Union but has never been used as systematic tool of policy to head off a global financial crisis. ”

“The IMF can in theory create liquidity like a central bank,” said an informed source. “There are a lot of ideas kicking around.”

#79 Chris L. on 03.26.11 at 9:50 am

What will happen when we move today’s old dudes through life and take over the voting (35 and under). We’re not going to be easily pleased, politicians are going to get slaughtered…hopefully. Your government should be living in constant fear of pissing you off! Placid elders and lazy youth. Expect more!

Always surprises me that poor people expect to tax the wealthy. How do you expect wealth when you expect to be taxed the more you earn. How in the hell will you become wealthy? You pay 55 separate taxes. Our tax system is totally broken and needs to be addressed in a significant way.

While I will vote Conservative, I don’t support their Liberal middle slant. Hack the shit out of the government ASAP – it’s the only way we can actually have and enjoy a democratic freedom. Right now, far too many choices are made FOR YOU.

#80 Big Al (New) on 03.26.11 at 10:03 am

Please let there be another minority gov’t, I don’t think I can stomach any of the current choices being completely in charge. In any case maybe after these elections with no change in the outcome someone will see fit to flush the parliamentary toilet as a courtesy flush. I have to hold my nose and vote Liberal this time, somebody really needs to bag Harper to put that arrogant turd in his place.

#81 Outside the Cities on 03.26.11 at 10:05 am

Hell, we’re just like the USA, rabid dedication to a political brand, no matter what the reality around us.

You’re either “Conservative” or “Liberal”.

#82 Scare Crow on 03.26.11 at 10:10 am

Ahhhh – remember the old saying – when ever there is a social gathering, there are 2 topics you always want to avoid – politics and religion. They are sacred and to rustle up the dirt – you know someone will always be pissed!

I read the post from Maxamillion “We’re better off with Gaddafi”- WTF – are you really that clueless – a murderous state that forced it’s citizens to adhere without challenge – FU buddy – take a trip out that way – better yet – move there!

The Harper bashing is incredible – it’s harper’s fault for everything under the sun – cloudy today -blame Harper, rainy = blame Harper….so Garth stepped on Harper’s toes…HelloOOOoooo…he’s a leader who must prove that he’s in control – every leader does it….I run my own business, a staff at one time of 28 – and some of my best people had to be let go cause they crossed the line and that questioned my authority – I hated to do it (as pretty much Harper didn’t want to let Garth go) – but once your authority is questioned – you lose all credibility. Think this is a heavy statement, think of Hyundia – they entered the N.American market with a truly crappy car -and as hard as they try – what ever comes out of their factories now – the stigma of the pony and early accent is always there – never heard anyone brag about driving a Hyundia today – its a economical car – it might be up there with all the others – but the image will never be shaken.

And a final note – guess why the Conservatives can’t breach the 416 area code – take a wild guess – immigrants here are brainwashed that only the wonderful Liberals will open the flood gates and let all there family in with free health care and lavish assistance – good ole Trudeau – changing our Constitution that states “affirmative action”is legal and binding – so yeah – Liberals introduced reverse discrimination and those in the 416 area code have not forgotten what a step up they now have –

All parties suck – but what choice do we have – the World will face some very serious economic meltdowns in the years ahead – and my vote is with helmet hair Harper above all the other misfits – and god help us if the Liberals form a coalition with the Bloc – the canadian dollar will be what you will be wiping your ass with cause it will be worthless – how’s that for diversifying – worthless coin – should have bought a home – at least you will have some tangiable asset.
So keep repeating how Harper is satan’s son – and he’s driving us over a cliff – but its the people who are the government which we all forget – its the people in a voice of power that steer the country forward – Harper’s goals are those that reflect the majority – get a grip people – some here are such fools its actually sad –

#83 Alister on 03.26.11 at 10:19 am

Layton, Ignatieff and Harper – they all wanted the election for their own selfish reasons. Not one of them did it for the taxpaying electorate.

My prediction is that we end up right where we are now, a minority conservative governement. If it wipes out the party war chests, I will be happy as we can get some peace because they won’t be able to afford another election for 3 years.

#84 Nemesis on 03.26.11 at 10:23 am

“It was a stark reminder where naked ambition can lead a man…. I can understand people who fight for conviction, but not those who kill for convenience.”…

For what it’s worth (but without going into details) I can say that ‘Iggy’ was almost universally reviled in the British ‘Academy’ (as a craven careerist/opportunist)…

As for ‘killing for convenience’ – there’s only one thing worse, GT – killing for a ‘paycheque’… The Ig is guilty on both counts.

………. [3:00]

“Oh what sad times are these when passing ruffians can say, ‘Nicht’ to old ladies… There is a pestilence upon this land. Nothing is sacred! Even those who arrange and design shrubberies are under considerable economic stress at this period in history…”

http://tinyurl.com/3bbmuk

#85 AG Sage on 03.26.11 at 10:29 am

>MB has it nailed. The political process has been ceded to the minority of the population who can fixate (to what can approach an unhealthy degree) on one narrow purpose to the detriment of the rest of their existence. The rational, calmer crowd that have lives to live and would prefer to be doing that, thank you, does the natural thing and steps back when the crazy people come through, giving them little resistance.

>#36 BPOE on 03.26.11 at 12:55 am
>There will be interest rate hike this year. End of story.

Absolutely, BP. I think everyone agrees with you on this.

#86 Alister on 03.26.11 at 10:33 am

The politician I feel sorry for, will be the poor SOB who wins the fall Onatrio election.

With run away government spending and cumbersome over regulation of everything, the province is in a real financial mess.

#87 Maxamillion on 03.26.11 at 10:37 am

#82 Scare Crow

Get back to your day job cleaning toilets with your tongue!

#88 Canada is a fascist country on 03.26.11 at 10:50 am

“Forgot the poll numbers, there irrelevant, just like they were with Rob Ford and toronto;s mayor election.

He got more votes then almost double his opposition but the polls were calling it a close one. Pollsters only call land lines.”

We live in a fascist country where corporate/vested interests are above the peoples wishes. The media simply lies and IMO makes up polls or goes to biased groups to obtain biased/fake poll results hoping the big brother propaganda box fools enough people into doing their bidding. Was watching BNN and when ask the expert if the market will suffer due to this election? the expert said no as both CONs and libs are good/same party for corporate interests(paraphrasing). He did say unless the NDP came to power the election would have no effect.Funny how a party which benefits the people is no good for the market. I am a true conservative and so is Garth but a conservative of THE PEOPLES money and not a conservative of the corporations and their interests. Do some of you get it now? or has the big brother box ruined your independent thought? I wish we had a labour party for the working people since majority of us are working class people voting for corporate interests. Maybe NA’s are not smart enough to understand these cons/libs have no money for the people but lot’s of money for bailout/jets/prisons and other vested interests. I guess Canada is to remain a fascist country.

#89 Daisy Mae on 03.26.11 at 10:57 am

“It tasted like freedom.”

Yes. I can well imagine.

#90 S.B. on 03.26.11 at 11:13 am

Is it time for a Day of Rage here in the Oil Banana Republic of Canada, where we rotate despot El Presidentes every 2 years? Where we find ourselves thrust into endless overseas wars?

p.s. GregW of Oakville I saw your Scientific American letter when I passed by a newsstand.

#91 ballingsford on 03.26.11 at 11:20 am

Nice HOOTERS!

#92 Cabot Lodge brylcreem & trenchcoat on 03.26.11 at 11:25 am

Harper’s a bullying control freak. Ignatieff looks dead shifty. A rather tired, bored election looming. The only danger is voter apathy conjuring a majority.

#93 avenirv on 03.26.11 at 11:27 am

#7 phinny,
a very old wise man from a very old people with huge business experience said (they created the civilization as we know it):
if you work too hard and long you do not have time to make money.
so behave wisely.

IBM in the old good time had a policy of not liking the people with too much time spent @ work. the reason ? the task at work were designed for average intellingent guy to perform in normal time. so more time at work means insulting the managers or yourself.

#94 Behavioral Finance on 03.26.11 at 11:29 am

Will the Fed blink?

http://www.fxstreet.com/fundamental/analysis-reports/fundamental-updates/2011/03/25/04/

#95 borrowedcarbon on 03.26.11 at 11:34 am

#30 “I’m calling it. Next Canadian PM with a majority for his party: Justin Trudeau.”

^
My thoughts exactly. I’m not sure about you, but I don’t think it will be a good thing.

#96 kilby on 03.26.11 at 11:38 am

Will everybody vote for Harper because the others are crazy, self centred and greedy? We have had interest in Stockwell Day’s seat by several people that likely have trouble deciding which way to put on their shoes in the morning. Pretty sad………….

#97 Mikey the Realtor on 03.26.11 at 11:40 am

Mikey for Prime Minister!!!

I will make all your RE dreams come true folks!!
-Low rates forever
-Tax deductible interest rates
-I will appoint DA as the head of CMHC
-I will cap realtor fees at 7%

Vote for me on May 2nd and you will not be disappointed.

#98 Utopia on 03.26.11 at 11:42 am

#35 Nonplused….

“And how are we supposed to “lead” the no-fly zone in Libya when we don’t even have a government to authorize it?”
———————————————————

The authorizations to act in Libya are already granted. The election will have no current impact on our operations over there as Government departments and agencies (the bureaucracy) continue to operate seamlessly provided the sitting government has voted the appropriations required. As long as they are funded in other words, the agencies and branches of government including Defence just carry on, business as usual even through periods of elections when no Ministers are present to speak to Canadian policies. In this case though, authority had already been transferred along with funding and military hardware to be directed as needed under the umbrella of Nato which just happens to be headed by a Canadian. The way things are going over there though, the next Minister of Defence will have his work cut out for him and will have a fat dossier of material to work through once finally appointed.

#99 S.B. on 03.26.11 at 11:44 am

This week’s RE anecdotes:

1. Couple in early 40’s, two kids ~6 years old. House will be paid off by end of year! Worth at least 600k in a very desireable area. Their plan? Buy yet another (second) house for “flipping”!
I’d be more concerned about the 250k+ university bill for two kids looming down the road, in 15 years’ time.

2. Couple mid-30’s, no kids. Bought a new townhouse N. of Toronto a few years ago at low price, sold it for decent profit. Now buying a new 2800(!) sq foot SFH home. Now why do two people require 2800 sq feet? The heating, cooling, tax costs must be a nightmare.
And when one of them leaves the workplace to have a child, the other must shoulder the entire money burden? Soulds like a recipie for stress. Better count on no layoffs. We know that taxes and utilities will rise 10-20% in the coming years, and interest rates too.
Are they prepared for this financial shock?

#100 S.B. on 03.26.11 at 11:45 am

WASHINGTON (MarketWatch) – The Federal Reserve should hike interest rates from current range near zero to 2.5% within a year under a plan unveiled Friday by Charles Plosser, the president of the Philadelphia Federal Reserve Bank. Plosser did not give a specific time when this exit would begin but said it would have to start in the “not-too-distant future.” In a speech to economists from the monetarist school on Friday, Plosser laid out an aggressive plan where the Fed would sell $125 billion of assets for each 25 basis point increase in the funds rate. A slower approach could last 18 months rather than a year, he said. This would require only $67 billion of conditional sales between meetings but the funds rate would rise to 3.5%. Plosser, a voting FOMC member this year, said he did not think this strategy would disrupt markets.

#101 shane on 03.26.11 at 11:51 am

Garth, I belive Canada needs to start a riot like the middle east countries to stop the foolish government wasting more of tax payers money. we need to start a new party that people will belive in, because the parties of today are out of control and have no respect of our people or nation.

Shane

#102 Moneta on 03.26.11 at 11:57 am

I want my lost interest back:

– given chronic suppressed interest rates, as hardworking, taxpaying savers, how many have calculated this lost income? I would love to bill this government for unpaid interest on my money (work it out, you’ll be shocked) along with the lost interest on that as well. As a saver, I feel like I’m being treated like a second-class citizen and punished.
—–
There is no free lunch.

If interest rates are higher, there is less competition, and prices go higher. Higher rates would initially depress the value of assets and retiree portfolios would collapss. So higher rates does not automatically mean higher purchasing power.

The problem is that we’ve created a system that is too big to maintain and too many people who want a free lunch. There are too many boomers who want to live like kings vs. a lack of productivity in the workforce.

We can either cut their pensions or throw all the money their way, it won’t make a difference. At the end of the day, what your money can buy is will depend on what your economycan produce. And we have not prepared for that as productivity is toast.

No matter which governement we choose, we are going through wringer. If that is the case, I want a government who is going to tell it the way it is. But that will happen when pigs fly.

#103 OnlyTheBankersLaugh on 03.26.11 at 11:58 am

Only The Bankers Laugh again … frozen interest rates to get guarantee Cons don’t get painted with a real estate crash. Harper & Flaherty somehow bumbled into executing a perfect housing market prop up over last years while appearing prudent with emergency interest rates for years. With election, they have extended it even further. Amazing the issues that they are creating for those accumulating debt and no one will even consider it an election issue. Just add government debt to the pile and raise taxes but is there really more tax to take? Have we not reached the laws of diminishing returns in terms of taxation? I despise what they have done but I am impressed that they pulled it off and Canadians are too numb to notice what has been dumb with the ever present wealth effect in one asset.

Keep banging the drum, Garth. You will continue to save some people despite the majority continuing to believe that their house will save them in retirement.

#104 Debtfree on 03.26.11 at 11:59 am

@scarecrow Nice rant and with such feeling . But the fact is still . The majority did not vote for little stevie blunder and the neocons. Hopefully the majority will not vote for them once again . Only assholes like neocons could paint the very word “coalition ” as something negative . Many governments in the world are governed by coalitions . Why the very government that harper adores that is beyond reproach no matter how many of it’s neighbors they kill is always governed by coalitions . But I guess that’s just another of stevies many double standards . I wonder if he’ll get to do some more name changes like get the yanks to use a more friendly term like The la Brea oil pits . La brea tar pits ….oooch.

#105 rosie on 03.26.11 at 12:02 pm

Politics in Canada resembles U.S. style political discourse. Ideas during elections are pointless and usually ignored. It’s all about the personality of the leader. Given that, most political leaders are ruthless but not particularly idealogical. Harper, on the other hand, is. He rarely takes questions from the media because the questions have not been vetted. He rarely speaks outside a tight knit, conservative friendly gathering, again, can’t be vetted. No one really knows what makes him tick saving his desire for power. But they all want power. What else Harper wants is a mystery. Maybe someone should ask him, and not take no comment for an answer.

#106 Moneta on 03.26.11 at 12:06 pm

How do you expect wealth when you expect to be taxed the more you earn. How in the hell will you become wealthy?
———
Well redistribution has given us the quality of life we have now vs. that of the serfs in the middle ages.

#107 David on 03.26.11 at 12:06 pm

Here’s my favorite (oh, I’ll be honest…the only) data point that I like to track at election time:

How many sitting MPs have reached their 8-year pension vesting period? And of that number, how many will, or have recently (and totally coincidentally) decided that they’re exhausted (!), want to slow down a little, or spend more time with the kids?

Or, if they can’t bring themselves to make that decision, even though that’s what they really want (what leadership quality, hey?) some of them just go ahead and run, but put little or no effort in to it…if they win, they’ll take the $180ish K a year. If they lose, no big woop.

Chretien knew what the calendar told him when he called that vote for his 3rd majority….many of his MP’s were a few months short of 8 years. They needed to run hard and win their pensions, and if he waited another 6 months (perhaps when an actual election “issue” turned up?) he’d have no implicit leverage over his caucus.

But it’s not about the money…..noooooo!! It’s all about self-sacrifice and public service.

Get your facts straight. MPs are pensionable after 6 years of service at retirement age. Less than 20% make it. I served for nine years, which necessitated three years of unpaid campaigning, and my pension is $26,000. (I donate it.) This is not what motivates most people. Maybe you, but not those who run for office. — Garth

#108 Timing is Everything on 03.26.11 at 12:13 pm

Bring on the ‘coalition of the willing’…..
How ’bout Canada first for a change. Yes that includes Quebec and Alberta too.

A coalition government is a cabinet of a parliamentary government in which several parties cooperate. [wiki]

Sounds OK to me. But what do I know. Garth, thoughts on a coalition?

http://en.wikipedia.org/wiki/Coalition_government

#109 T.O. Bubble Boy on 03.26.11 at 12:18 pm

@ #25 Rico Suave

“I tend to choose which political party to vote for by the number of Libyans they’ve killed this week with bombs dropped from shiny new no-bid $36B fighter planes.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You poor, romantic soul. I hope you realize that when it comes to that, it makes no difference who wins the election. Flashback to March of 1999 and Canada’s shameful participation in the bombing of Serbia, when Chrétien and the Liberals were the head honchos.

Yes – I agree that there will be wars in the world regardless of who is running the Canadian government… but I find it ridiculous that we’re now talking “austerity” measures in Canada to trim the projected $40B 2011 deficit that is ALMOST EXACTLY THE SAME AMOUNT WE SPENT ON FIGHTER JETS. And – to try and convince the sheeple that this was all a great thing for Canada and justified expense in this time of massive deficits and debts we need to parade our military commanders out on TV every night to update us on the bombing missions that these wonderful planes are allowing us to partake in!

Add in 1% to the GST, and subtract the fighter jets, and we’re back in a signifcant surplus!

This is not a Liberal statement or a Conservative statement — I hate the useless “us vs. them” crap that defines all U.S. and most of Canada’s political debate these days — it is simply a statement on managing the economy.

I find that Flaherty (and his puppet-master Harper) have time and time again followed the G.W. Bush path to economic destruction, even with a clear blueprint in front of them that shows what the outcome will be…

– Rely on housing bubble and consumer debt to fake economic growth: check (including CMHC backing virutally all subprime loans in Canada)
– Give tax breaks without paying for them with cuts in budget: check
– Increase spending on military without plans to pay for it: check
– Take funding away from R&D and Science (inventing new industries) to spend on non-sustainable/declining industries like auto and construction: check
– Avoid regulations: check

I am not a pro-liberal or pro-NDP voter… I simply can’t stand the backwards economic policy ideas that come out of F’s mouth in seemingly every press conference!

#110 AM on 03.26.11 at 12:19 pm

77 Ex-Cowtown on 03.26.11 at 9:07 am

“416 is populated by self-centered pinko limousine liberal windbags who believe that they are the center of universe.”
___________________________________________
Didn’t you just make about 6 million new friends…and then you say you don’t hate TO. I think 416 may take offence to your BS.

But hey, maybe that’s just me.

#111 a prairie dawg on 03.26.11 at 12:27 pm

@ #57 Utopia

But with those particular orange shorts she is the “embodiment” of a “high interest” savings account. ;)

#112 GregW, Oakville on 03.26.11 at 12:32 pm

Hi #29 Kitchener1, re: ‘the polls were calling it a close one. Pollsters only call land lines.’
And ,TV adds.

Whom you vote for is no one business but your own.
I never respond to telephone polls, phone solicitation, or tela-marketers. That’s not why I pay for my phone line! I’m polite to the human being on the other end that’s just trying to earn a living. I always ask then to ‘please take my number off there phone list’ in an attempt to reduce future annoying calls. It seems to help. They do sell there phone lists to other companies.

I do vote, so I feel that I have a legitimate right to… about the Government. And I try an pick who I feel is the best or least harmful to our imperfect system of Government here in Canada.
The system is rigged toward the party system, getting the most seats lets that leader become the PM. I make sure I look at the party leaders and there plate forms more that just the brave persons running to be my MP. Hopefully the pair are both worthy candidate. I do take a look at any independents that may be throwing there hats into the run too.

Just imagine if all MP’s were independents all working together for all the people.

The “Harper Government” wants to bring in electronic voting machine, that could be corrupted!!!
Just look south. Be very, very, very carful what you are actually voting for.
I want to keep the secure Canadian verifiably paper ballots that are only counted by human hands, my fellow neighbors hands!

Re, TV adds SOUND levels!

Just to add, don’t forget whom was in power when they decided to let the TV station Corporation increase the amount of time that adds can be throw at us per hour! Maybe it was part of the planning so that Harper’s, tax payers payed for adds could be force on us all more?
And why are they ‘still’ allowing the TV stations to make the commercials SOUND levels LOUDER by squeezing the audio band width of the audio signal?

#113 Debtfree on 03.26.11 at 12:48 pm

truth . http://thetyee.ca/Life/2011/03/25/PoliticianSpeak/

#114 Aussie Roy on 03.26.11 at 12:51 pm

Well if your pollies are like ours, they are only interested in the NEXT election, Its been years since any Aussie politican had a long term vision. So policy is written for the here and now to simply stay in power. We need a statesman someone with a long term vision and a BIG set to push through their ideas, yes I know it wont happen, a bit like expecting a realtor not to say now (always) is not a great time to buy a property.

Aussie Update

Nice Brazilian (bubble that is).
http://au.news.yahoo.com/thewest/a/-/world/9077333/brazils-housing-carnival-stokes-bubble-worries/

Article from our local paper.
Land developers ‘wrote Government’s policy’
http://www.adelaidenow.com.au/property/news/land-developers-wrote-governments-policy/story-e6frefgc-1226028387598

Steve Irwins (RIP) Australian Zoo hits hard times and starts selling its $20M property portfolio much of it at a loss.
http://www.news.com.au/money/property/terris-secret-sell-off-zoo-growth-on-hold/story-e6frfmd0-1226028704440

#115 a prairie dawg on 03.26.11 at 12:52 pm

@ #97 Mikey the Realtor

It’s fortunate that you recognize you’ll soon be needing to pursue another career, but you’ve aimed too high given your skill set.

Realistically you should consider something more along the lines of “Do you want fries with that?”

#116 GregW, Oakville on 03.26.11 at 12:53 pm

Garth, re, as an MP, I sucked.
IMO, you were a great MP.

I once heard good leaders are also good followers.
(as long as the leader is worthy of course.)
And the best way to defeat your leader is to only do what you are told. (Don’t do any think for yourself or be proactive on anything.)

IMO, H as PM is not worthy. We can hope his gang keep only doing what they are told.

I hope the people have been and are paying attention and actual get out and vote this time!
Will the Corporate mass media be allowed to …

#117 debtified on 03.26.11 at 12:57 pm

Garth:

Today’s post failed to tickle my fancy. At best, if you did have a point, you were simply stating the obvious about the age-old nature of politics.

However, as per yesterday’s post, don’t you worry about changing a thing. You can’t be perfect and try to please everyone. You’re a great writer (you even managed to make today’s topic interesting to some blog dawgs). I bet you’ll lose more audience if you stop being true to yourself.

As for the impending elections, I consider voting as an exercise of picking the least evil candidate to represent my voice in government. I find more satisfaction knowing the politician I trust the least didn’t win than knowing the one I voted for won.

#118 jess on 03.26.11 at 12:59 pm

soylent
“in-and-out”

come on that was a balance sheet device only in ! ask Lehman.

=====

“We are marching to defend the last remnants of a system of justice intended to protect the vulnerable and promote a fairer society.”

The rally is entitled “March for the Alternative”. This is an important exhortation: we are not just saying stop the cuts; we are saying they are not necessary in the first place. The economic predicament was not brought about by frontline services. The responsibility lies firmly within an unregulated financial sector. Yet the public who provided a bailout have had to pay a second time in terms of unemployment, house repossession and frozen wages, and a third time by a denial of legal redress. There are clear alternatives: the Robin Hood tax; the enforcement of tax liabilities; the curtailment of tax avoidance schemes particularly in the corporate sector and the termination of an obscene bonus culture.
Up to 400,000 rally at anti-cuts march
Live Protesters gather in Hyde Park after march through central London sees small number of activists attack shops and clash with police

========================
Flat tax and who really benefits ..ask latvians
Schemes of the Rich and Greedy
November 24, 2010
By Michael Hudson
http://michael-hudson.com/2010/11/schemes-of-the-rich-and-greedy/

#119 Utopia on 03.26.11 at 1:00 pm

#39 Robert wrote….

“Our Bush-lite Harper government drained the inherited Liberal budget surplus in order to preserve an illusion of prosperity over the entire span of their administration.”
———————————————————

That is not quite right Robert and our success is no illusion. Following the Credit Crisis, the majority of Western Governments followed a path of stimulus as promoted by the US in order to prevent what many then believed was the certainty of a global decent into a deflationary spiral that could strangle off our economies for a decade and lead to a second Great Depression.

The Canadian Government sought to stimulate the economy as we were also entering recession along with most of the globe. This massive Keynsian experiment of susbstituting government demand to make up for serious declines in public consumption is considered by some to have been a failure.

They would argue that we have been deprived the necessary correction and that as a result the next recession will be all that much deeper and longer in order to compensate for the artificial stimulus to our economy. We will see. History is not written yet.

In any event, the Harper Government did not undertake to stimulate the economy as part of some revenge plan to wipe out a surplus generated under a Liberal regime. There was nothing quite that cynical about how the stimulus program was introduced and in fact most members of the house favoured the idea when it was introduced if it would keep Canada out of recession. It did.

Unfortunately for most of Europe however, stimulus put their governments into a debt trap that they could not easily escape from. Those countries were already deeply indebted of course but once they realized that committing billions out of future tax revenues were not giving the desired results and were near bankrupting them they instead turned to restraint as a matter of public policy.

That is why Europe now has Austerity in contrast to America, Japan and China where stimulative policy is still being practiced as a means to drive the worlds economy.

Canada has been very lucky. We have miraculously ended stimulus without having had to adopt the austerity measures of Europe nor continuing with the mind boggling stimulative spending spree that continues in America.

At the same time our economy has been steadily improving and employment levels have returned to the pre-recession highs. We are not out of the woods altogether though.

Our public debt levels indicate that we are heading into record territory. We have certainly paid a high price collectively as Canadians to maintain balance however I think there is a consensus amongst economists that the country has survived the worst effects of the recession and will again be in a good position to grow over the years as the deficit is gradually eliminated.

Our future has been mortgaged already in one sense but remains manageable without extreme policy initiatives being required. We have also been very fortunate in this country that the commodities sector has added substantially to the bottom line at this particular time. The government is projecting a return to balanced budgets over 5 years and that seems reasonable providing there are no further shocks to the global economy that negatively impact on us.

That is therefore why I support the Conservative budget as it has neither added to taxation levels nor deducted from them and in essence was a stay-the course plan. Meanwhile, the last thing we need right now is to begin adding a host of new programs and taking on increased social spending obligations while we are still focussed on dealing with the indebtedness of the past. The budget was a solid document from that perspective.

We may not all approve of exactly how the Conservative Government got us to where they did however there is no denying that the program has worked so far and this country is in far better shape than any other in the G8 today. We should remain hopeful too. Despite a coming housing correction the future is still very bright for our country.

The Canadian economy looks like a miracle to the rest of the world at this time as we have roared ahead of the pack and look to be headed for a solid recovery while others are mired in massive public sector cutting programs and major reductions in everything from health, pensions, social spending and even military cutbacks.

It certainly makes a difference to the rest of the world that we are a success too. As it stands, Canada ranks as the 14th largest economy globally so our link in the chain is important to everyone else too.

So lets count our blessings Robert and try to keep some perspective on the past before jumping on the bandwagon that creates a false narrative of the current governments achievments.

You may not like them on some levels but they have proven themselves able stewards and managers of our economy and have successfully brought us through the worst economic crisis this country has seen in a long, long time.

And that is why they have earned a vote of confidence from the Canadian public and will almost certainly return to power with a majority government.

#120 Dorothy on 03.26.11 at 1:28 pm

I think Kitchen 1 (comment #29) is correct when he says that the party which targets issues that are close to retiring “boomers” hearts will have a good chance of winning this election. Because as the “boomers” begin to realize that their “spend it as fast as you make it” times are coming to a close, and that they are staring a much more fiscally prudent future in the face, fear and worry about that future will begin to take hold.

As this blog points out, the “boomers” can’t rely on selling their homes to finance their retirement. And, “boomers” can’t rely on the younger generation to take care of them because, for the most part, the younger ones are not in a financial position to be able to do so. Besides which, the resentment that generation appears to hold for the “boomers” (whom they blame for all that’s wrong with the world), renders the idea of them being benevolent towards aging “boomers” very unlikely. So I think Kitchen 1 is right when he says that the party that promises to raise the CPP will be the party that will win the election. I know I’ll be voting that way, and I doubt I’m alone.

I’ve voted Conservative in the past, but have now come to the conclusion that there’s so little difference between the two major parties that I may as well look out for number one and vote for the party that will most benefit me, personally. Selfish I know, but that’s the way I feel these days. So the party that promises to raise the CPP, will be the party that gets my vote.

#121 SRV ES339 on 03.26.11 at 1:30 pm

While your cynicism is understandable after everything they put you through (been through my own odyssey in a business situation), it seems to me this is the time for clear thought on the lesser of a few evils.

I walked away from Canadian politics many years ago… nothing I could really support. This is different Garth… Harper (Scott Walker II) is selling out to corporate interests, and I believe a Liberal Government is a much better option for the country in the current situation.

You have a large following, they’re motivated, and could influence many to get involved in stopping Harper… I hope you agree… you could make a difference with a simple sentence.

As for me… I will vote Liberal in this election.

#122 lonely limey on 03.26.11 at 1:43 pm

Back to real estate for a sec. How’s this for marketing?

Realtors will leave no stone unturned. Look away auntie Julie.

http://tinyurl.com/4zun4uv

#123 CrowdedElevatorFartz on 03.26.11 at 1:45 pm

@ #11 TO Bubble Boy
Sorry but Canada is still flying 25 year old CF-18’s. Thos F-35’s are 7 years away. When the “still flying CF-18’s will be 30 + years old.
Canadian Military spending, A political football that gets kicked around until the equipment is so old its dangerous.
Remember Cretien( who LOVED to fly in helicopters any chance he got) cancelling the Mulroney helicopter purchase as soon as he was elected? We paid a $400 million dollar penalty for that little act of spite. And what do we end up doing? Gee whiz ! We ended up buying virtually the exact same chopper 10 years later because the Sea Kings are literally falling from the sky.
The Canadian military ALWAYS made a point of offering Cretien a flight in Sea King when ever he was in Halifax. Funny thing. He never went for a ride.
So, the long and short of it is……either we purchase Used military equipment ( remember the Brit subs we bought for a dollar about 10 years ago? A Canadian sailor died of fire/smoke inhalation on the tow across the Atlantic. They’re STILL being retrofitted!).
Or we buy new equipment.
Because contrary to popular pacivist beliefs. The world aint getting friendlier, just ask a Libyan rebel, an Afghani, a Yemeni, an Egyptian, etc………

#124 Daisy Mae on 03.26.11 at 1:46 pm

#96 kilby on 03.26.11 at 11:38 am

“Will everybody vote for Harper because the others are crazy, self centred and greedy? Pretty sad…”

Hmmm…..Stockwell and the others jumped ship for a reason.

I am not apathetic. But maybe this time I will just deliberately spoil my ballet. It won’t accomplish anything, of course. It will just be a protest. I’m sooo tired of voting for the lesser of 2-3 evils.

What happened to Paul Martin, again?

#125 Daisy Mae on 03.26.11 at 1:51 pm

Found this..

Wikipedia: On November 14, 2003, Martin succeeded Jean Chrétien as leader of the Liberal Party and became prime minister on December 12, 2003. After the 2004 election, his ministry retained power, though it was reduced to a minority government. Forced by a confidence vote, the 2006 general election produced a minority government for the opposition Conservative Party, making Stephen Harper prime minister. Martin stepped down as parliamentary leader after the election, handing the reins to Bill Graham for the interim. Martin stayed on as party leader until he resigned on March 18, handing that post to Graham.

#126 CrowdedElevatorFartz on 03.26.11 at 1:51 pm

@ #20 Eddy
(for those who haven’t figured it out, on 911 the only county in the world capable of missile hit on the Pentagon did so, that county is USA. They showed cartoons of planes crashing into the twin towers on TV, demolished 3 evacuated buildings and blew up an empty plane in Pennsylvania)

+++++++++++++++++++++++++++++++++++++
R-i-i-i-i-i-ight !
take your meds and go back to your padded cell.

#127 Daisy Mae on 03.26.11 at 1:54 pm

Well, it was 2006 after Paul Martin resigned and Steven Harper took over the reins, that all hell broke loose….

#128 CrowdedElevatorFartz on 03.26.11 at 1:55 pm

@ #36 BPOE
There will be interest rate hike this year. End of story. Interest rates will be lowered.
++++++++++++++++++++++++++++++++++++
Lower to what? Negative ?
Still dreaming in technicolor eh?

#129 Daisy Mae on 03.26.11 at 1:58 pm

Well, I guess the world economy disaster isn’t TOTALLY Harpers’ fault… LOL

#130 Patz on 03.26.11 at 1:59 pm

Garth, I wish you’d share your conversation with Ignatieff in more detail. What you did say confirmed my own feelings about the man. And as much as I hate the Con Ad program I have to agree, “he didn’t come back for us.”

I agree with those who say H manipulated this one so he could look like the reluctant warrior only wishing to fight the good fight for the Canadian people against the evil coalition and save the economy. His calculation of Layton was canny. Layton knew that if he grabbed the puny bone he was tossed in F’s budget his own people would rise up against him like he was a middle eastern dictator.

But this election is not about nothing. It’s about who gets to hold the bag when TSHTF. Be careful what you campaign for?

#131 CrowdedElevatorFartz on 03.26.11 at 2:01 pm

@ #54 & 55 Voter
after reading your two posts and the fact that you vote……

It’s all begining to make sense to me……….we’re doomed

#132 Mister Obvious on 03.26.11 at 2:02 pm

#53 Mark

“You have an ally, Garthy.”

Well, yes and no. David Madani agrees with Garth that Canadian housing is due for a long, unhappy slide. However, unlike Garth, he feels that interest rates are likely going nowhere at least until the end of 2012.

#133 CrowdedElevatorFartz on 03.26.11 at 2:10 pm

@#77 Ex-Cowtown
You forgot CBC tv’s “Mr Self Absorbed talk show host from Toronto” George “StumbleOffTheBus”
Possibly the worst late night host the CBC has ever vomitted out of the basement.
But the rest of your rant was entertaining.

Over to you Garth, Next time your on Mr “StumbleOffTheBus”s show say Hi from me :) AFTER you call him a wimp.

#134 GregW, Oakville on 03.26.11 at 2:21 pm

Hi #88 Canada is a fascist country,
re: Do some of you get it now? or has the big brother box ruined your independent thought?

I’d even go so far as adding in front of your F word in your identity line, ‘well on the way to being a global corporate’.

I can hear the 1984 double speak from H much more clearly now.
But then I’ve stopped letting them inject me with mercury a known Nero toxin and even replaced my silver fillings that constantly degassing the heavy metal. And then there is that other F word stuff they add to the water. (Oops, best I stop now.)

I hope the next government insures we keeps the www open and free for all to communicate through equally! Or would the powers that be rather we only access info put together from there corporate controlled mass media??

#135 jess on 03.26.11 at 2:21 pm

gone rogue

Montpelier, VT — Statehouse — On Wednesday, March 23, members of the grassroots Healthcare Is a Human Right Campaign cheered on as the Vermont House of Representatives voted 92 – 49 to pass the universal healthcare bill, H.202. The House bill passed as a result of thousands of Vermonters speaking out and demanding that healthcare be treated as a human right and provided as a public good.

“This bill puts Vermont on a path to a system in which every Vermonter can get the healthcare they need when they need it, and the financing of that system is shared equitably by all. This is a huge step forward,” says Peg Franzen, President of the Vermont Workers’ Center.

#136 GregW, Oakville on 03.26.11 at 2:26 pm

Hi #90 S.B., Thanks for that info. Mine came in the mail.

#137 David B on 03.26.11 at 2:26 pm

http://www.elections.ca/content.aspx?section=ele&dir=turn&document=index&lang=e

Addendum to past post. wrt Conservative paid base turn out which should be 30% or slightly better.

2004 30,007,094 22,466,621 13,683,570 60.9%
2006 30,007,094 23,054,615 14,908,703 64.7%
2008 31,612,897 23,677,639 13,929,093 58.8%

#138 hobbygirl on 03.26.11 at 2:26 pm

I don’t understand the socialist-knocking here. Correct me (with detail) if I am wrong, but with the exception of Bob-Rae’s gov’t every NDP formed provincial gov’t was able to balance the books during their terms of office. This surely contradicts the deficit spending of the neo-cons and their ideology of fiscal prudence.
Bush-whacker under the 49th is a perfect example of ideology backfiring in practice.

I’m voting NDP because I can’t stand the other two, same reasoning I did in 1990 when Bob Rae came in (surprise)!

#139 BrianT on 03.26.11 at 2:35 pm

#98Ut-Good thing they caught the serial killer-he wasn’t too many promotions away from heading up this thing-he might have gotten too big to fail.

#140 BZ on 03.26.11 at 2:35 pm

Garth, as much as respect you and your bitter relationship with the PC’s….

I really hope the conservatives get a majority… we need smaller government right now.

The PCs are gone. Sadly. — Garth

#141 Dark Age Cometh on 03.26.11 at 2:38 pm

#13 Big L

Yep…..you got it……

It is just amazing to me how the cognitive dissonance out there in meatspace blinds humans to the reality of the true situation.

It is so much worse than 99.5% of the population knows (well unless of course you are picking through the garbage of Calcutta’s mega dumps for a living…or some other such third world existence)

We are headed for a hyperinflationary depression (yeah thats right boys and girls….) because the alternative deflationary depression (that we will ultimately get in the end anyway as the end game) is just too unpalatable for the upper echelons of this 21st century global Mayan pyramid to swallow.

They (and we stone draggers and field tillers) just cannot fathom what a full scale collapse of a modern agroindustrial civilization is like in the end analysis.

We are not heading into “austerity” or “tough times”…we are going away as the dominant species on the planet…..

we just don’t know it yet …..

#142 BrianT on 03.26.11 at 2:40 pm

#86Alister-People don’t see what is happening to Ontario-the RE bubble effectively provides a cover.

#143 Scotty (Ottawa bus driver man) on 03.26.11 at 2:47 pm

I just watched the movie Inside Job.Its a documentary about the 2008-9 US financial collapse.Very insightful and eye opening!! Gives a hint as to why were so screwed here in Canada. We just don’t know it yet! The movie is worthwhile seeking out.Just wondering if Garth has seen it and what your opinion of it would be.
P.S. The whole FIRST thingy does absolutely nothing for me!

#144 Bill Grable on 03.26.11 at 2:48 pm

This was one post that really galled me.
How cynical of Harper. How venal thou are, Iggy.
Layton has his own APP, the Greens are smoking too much of their product – so in effect, we are rudderless in a gathering storm.

When you read MOODY’S is about to downgrade England from AAA, and the USA have, according to the WSJ, the “world’s worst financial situation”, you have to know that there is a Hurricane offshore.

Mr. Turner should be our Finance Minister. If Harper had any cojones he would have kept our sharp tongued and brilliant host in his inner sanctum – but Harper doesn’t like to be challenged. After all, he is all about P O W E R.
He doesn’t give a damn if you drown – he’s got his.

Mr. Turner can do a lot more OUTSIDE of the house than in – and we are lucky we have at least one politically savvy “insider” that tells the TRUTH- even we can’t handle it.

Keep on, keeping on, Mr. Turner.

Thanks for giving a damn about us ‘great unwashed’ – because clearly the Ottawa fat cats, don’t.

#145 Devore on 03.26.11 at 2:50 pm

A fine blog, today’s piece is.

Unfortunately, it seems to have invited the amateur political hacks to crawl out of the closet and spew their ugly vitriolic partisan garbage here. An entire weekend of soylent green posts is more than anyone should have to bear.

Fortunately, it is shaping up to be a beautiful weekend here in rain city, and the bike needs a spring tuneup.

#146 David on 03.26.11 at 3:00 pm

Holding dissenting opinions when it comes to politics promises a great deal of discomfort and not much in the way of personal happiness.
Crime rates are falling, but there are billions of dollars for new prison cells filled with mandatory minimum occupants. Harper and Toews will be sure to visit the happy new detainees once construction is complete and the ribbon cutting ceremonies are done at Corrections Canada gulags. Quite amazing where all the money comes from or maybe it is matter of priorities and interests. Harper’s buddy avec girlfriend experience girlfriend have a solution to the lack of proper water sanitation in aboriginal communities. Sounds a bit suspicious.
Most people are not activists or ideologues, that is understandable. Voters if they actually bother to vote at all these days will as a general rule support what they think are the most plausible ideas.
Harper is obviously using warmed over Republican ads from south of the border with all the personal attacks and idiotic unsubstantive appeals of jets flying over Parliament Hill and Canadian exceptionalism.
There will be corporate tax cuts and a balanced budget and Canada will participate in humanitarian bombing with overpriced and untested F-35’s. The old saying if it is too good to be true……it probably is not.

#147 tmg on 03.26.11 at 3:19 pm

Well, finally found a rental house in Vancouver’s westside (expensive)…another overseas owner…works in China, so doesn’t pay income tax here, but owns several homes. He doesn’t speak english or french and has left his son in charge of the property…his son is in grade 12 (public school, of course). The only reason we got the house was because we could move immediately. We are a large family and initially we were told that they were looking for a small family despite this being a 5 bdrm house. Anyways, when my husband went to sign the lease, they wanted us to move in the next day and pay for the several days left in this month. The agent had the numbers already crunched. He was actually mad when my husband told him that it would take us a week to organize the move and that we wouldn’t pay until the 1st of the month. The house is vacant right now. A Canadian (of whatever national origin) would have just handed over the keys this late in the month. What’s wrong with us that we have become so beholden to foreigners?

#148 Northern_dirt on 03.26.11 at 3:26 pm

#30 Andy In Vancouver

I’m calling it. Next Canadian PM with a majority for his party: Justin Trudeau.
…………………………………………………………………………..

This guy?

http://www.youtube.com/watch?v=CIlb2Fys9uI

Yikes..

#149 Cato on 03.26.11 at 3:28 pm

I won’t be voting in this election but its not apathy. I make a point of meeting candidates & those close to campaign, if I can’t respect candidate or their platform then out of principle I won’t vote. Our political system has simply become a landing zone for failures in the real world who who view politics as a career and not a public service. Purpose of entering politics is not to earn a paycheque.

As an entrepreneur/businessman I vote in a different way. I vote with my capital and decide which areas I create jobs, pay taxes and create economic growth. I’m not creating jobs in Canada and I’m not alone. Government can’t spend the country back to prosperity, but in their arrogance they’ll strip away the economic freedom of those who can. Take away short term effect of stimulus spending and you won’t see an economic recovery.

This election is probably a brilliant move politically on the part of the Grits – hand Harper the election and let the Tories walk into a majority trap as country enters worst recession its history. Once mainstreet starts truly feeling the pain it won’t matter if policies of last 30 years are at fault – the mess is going to land on the lap of whoever is seen to be in power. I’d be laying bets Harper leaves office in disgrace being more resented then even Mulroney.

At the end of the day Canada’s economy needs to be based on more then what we can dig out of the ground if everyone expects to ride on the economic train. An american factory worker doesn;t have a hope of competing with a chinese worker (or even a mexican) but you can bet that American worker can compete with a Canadian and the US gov. is going to ensure jobs in Canada are repatriated to the US one way or another. Time for Canadians to start waking up to the fact we aren’t immune to economic issues facing the world and if we want to maintain what we have we’ll need to fight for it.

#150 Live Within Your Means on 03.26.11 at 3:31 pm

I know for whom I’m voting for and it for Stevie.

#151 Michael on 03.26.11 at 3:36 pm

Having lived in Canada now for 11 years it is sort of shocking to see how far it has fallen since then.

But then again, looking at Europe that hasn’t really done any better, nor has Australia or the US of all places.

I’d also be lying if I said I “didn’t see that coming”, I am stil utterly curious how our great society will unwind in the end. Wimper or Bang?

Judging by the comments on various boards about the election, I guess it will be in choruses of “Me Me Me”.

#152 Live Within Your Means on 03.26.11 at 3:39 pm

Oops to my previous post – we definitely won’t be voting for Stevie.

#153 HouseBuster on 03.26.11 at 3:42 pm

@#87 Maxamillion on 03.26.11 at 10:37 am
#82 Scare Crow

Get back to your day job cleaning toilets with your tongue!
——————————————————–

Hey! He never said anything about being a realtor!

#154 Michael on 03.26.11 at 3:44 pm

@73

A huge percentage of our economy is based on discretionary spending. If everybody cuts on the non-essentials to increase savings, a large % of the population will lose its livelihood.

That is what we are up against. A lot of people calling for austerity will be hit in ways they never imagined.

Yeah, most people don’t get it and happily “fight” with others thinking that if the other one loses they gain. Be it hating on Union wages or be it hating on “the other guy” (usually not well defined, but clearly not one of you and me and lazy probably too!), it’s all about a very narrow view of things.

I guess the answer to all our financial problems is that we will keep buying and selling each other houses until we’re all rich beyond our wildest dreams.

#155 GregW, Oakville on 03.26.11 at 3:51 pm

Mr. Garth Turner,
I am hope you might take a minute to please clarify this, since you’ve been through it a couple times.
Thank you very much, in advance.
Yours Truly,
Greg

When a person is successfully elected as a Canadian MP and is swore in, to whom do they pledge allegiance? (The Queen?, The People of Canada? The Canadian Constitution? The Party they run for, if any?
Or something entirely different?)

The Queen. — Garth

#156 Throwstone on 03.26.11 at 4:21 pm

#46-Utopia

I agree with your points, but to think Iggy is that inept and without an ace in the sleeve would be naive.

Think Art of War-know your enemy. Do you not find it interesting Iggy is presenting the liberal party as a compassionate understanding alternative to the conservative government?

Iggy is setting Steve up to have another minority and will exemplify in a timely manner why this ‘unnecessary election’ has taken place.

Coinciding with interest rate hikes, austerity measures, boutique budgets and the inevitable initial housing melt. Harper will then be put under tremendous pressure by unseen and un-controllable forces. When those forces (ie, indebted isolated electorate-) morph into upward political pressures we shall see how many seats the conservatives retain not in this upcoming election but the next….

#157 The InvestorsFriend (Shawn Allen) on 03.26.11 at 4:27 pm

TO THE BOLD GO THE SPOILS

I am in Florida for a week. Beautiful weather.

My father at age 80, a Canadian, saw the opportunity and very recently bought himself a beautiful and large 4 bedroom house with a pool in a Golf Course Community. Under $200k. The house is only 7 years old. This is in Tampa.

We have spoken often on of this blog of the generational opportunity for Canadian retirees to buy a house in the U.S. High Canadian dollar, and houses are half price in the U.S.

Instead of acting most predict house prices in the U.S. will continue to fall. (so what!)

In this life a few people act and take bargains when they are available. Most people spend thir life whining. Or keep waiting for a better bargain.

Which are you?

(Not that every Canadian should buy a U.S. house. Not at all. But those retirees that like to spend a couple months each year in the sourthern U.S. have a golden opportunity)

By the way the number of vacant houses in this community I am in right now? Approximately none.

#158 simkev on 03.26.11 at 4:35 pm

#82 SCARECROW
so Garth stepped on Harper’s toes…HelloOOOoooo…he’s a leader who must prove that he’s in control – every leader does it….I run my own business, a staff at one time of 28 – and some of my best people had to be let go cause they crossed the line and that questioned my authority – I hated to do it (as pretty much Harper didn’t want to let Garth go) – but once your authority is questioned – you lose all credibility. Think this is a heavy statement ….

———————————————————-
I don’t think it is a heavy statement but it is very revealling about YOU! I doubt people in your company questioned your authority …most people just want to make there workplace better for themselves and the customers they serve …. It sounds to me like you are a typical insecure idiot that can’t tell the difference between constructive criticism and someone “challenging your authority” …. And let me guess you let all your “good people” go and your company is not what it used to be …. go smarty pants!
Oh and by the way Hyundai is now near top spot in quality and sales of any car company in the world …it seems that most people have forgotten the pony and are buying Sonata’s ! HEAVY STATEMENT!

#159 S.B. on 03.26.11 at 4:54 pm

How to inavade two countries (made easy):
Have your media repeat these two lines over and over again – “We know he has WMD”, and “He’s killing his own people!!!”.

Won’t get fooled again? As if. *All war* is based upon a lie, never forget this fact.

War is the greatest business ever: there are no laws to follow, no environmental regs., no pesky voting, not even that quaint old Geneva convention – that we obliterated – to follow; and, unlimited financing is provided…by ourselves!

If we even slash one cent from the miltary budget it will “embolden our enemies” (you know, the people we’re trying to invade). It will be a slap in the face to our fallen heros!?!

Starve the beast.

#160 mid-Ontario on 03.26.11 at 4:56 pm

#77 Ex-Cowtown -brilliant comment.
#30 Andy in Vancouver -my stomach flipped with your comment. The worst thing that ever happened to Canada was Justin’s Dad. Castro at the funeral as a pallbearer says it all.

I will always remember Harper as the man who changed Canada forever with his brain dead idea to hold the 2010 G20 in Toronto and arming all the goon police forces in Canada to ignore the vandals and knock the heads of the innocent . Google G20 Toronto to remind yourself of these collective idiots.

Ottawa devoid of integrity. Maybe we need a new system that minimizes the duration of members to max 2, 5 year terms before their brains completely dissolve into self-importance.

RE now dead here , 2 hours north of TO.

The reason “cold Spring weather”. After that, it will be election uncertainty, followed by some other excuse.

We shall soon see my friends.

The US dollar is melting fast these days. QE3 will boost PM’s and the markets and…interest rates.

No longer believe in Garth’s slow melt. A 20% drop will happen in the latter part of 2011 but RE will adopt the CPI insanity and come out with numbers that support only a 2.7% drop.

—————————————————
Congrats Baby Jessica. I remember your peril like it was yesterday!

#161 Alister on 03.26.11 at 4:56 pm

#106 – Just one problem with your theory – Harper didn’t call the “unnecessary election”, the Libs and NDP did. They say they voted against the budget because they didn’t get enough wasteful goodies to please them. Only a fool would believe that.

Actually, their parties just needed these last 3 years to build a war chest or it would have been sooner.

It’s all politics and the taxpayer is the sucker.

#162 Stevermt on 03.26.11 at 5:08 pm

#7 Phinny
Your redneck colours are showing, and you’re probably fat,old and out-of-shape and really enjoy your free health care and meds in this “socialist” country..hypocrite !

#163 BrianT on 03.26.11 at 5:28 pm

#157Inv-You can actually rent houses in Florida-owning a house there to use “a couple months a year” is ridiculous unless you like throwing away money. By the way, you forgot to mention his property tax bill.

#164 rory on 03.26.11 at 5:30 pm

Fun read – “Why is Count Michael Ignatieff pretending he comes from humble roots?” at http://ezralevant.com/

#165 Kevin on 03.26.11 at 5:31 pm

The Great Canadian Housing Bubble

Median household income in Canada was 46k in 2000. In 2010 it is estimated to be 65k. An increase of 41%.
According to the Bank of Canada inflation in Canada from 2000 to 2010 totaled 22%.
Total household debt in Canada was 602 Billion in 2000, in 2010 it surpassed 1.5 trillion. An increase of 149%.
Average house price in Canada was 154k in 2000. In 2010 it was 330k. An increase of 126%.

The graph on my blog says it all.

http://saskatoonhousingbubble.blogspot.com/2011/03/great-canadian-housing-bubble.html

#166 BrianT on 03.26.11 at 5:34 pm

#143Scotty-If you used the Net a little bit more absolutely nothing in that movie would have surprised you in any way.

#167 TS on 03.26.11 at 5:38 pm

And what of Mr. Harper’s threat an election will murder the economy in a time of risk?

The economy is about to be murdered anyway and Harper knows it.Way too much debt. Minimal exports of finished goods. New housing construction had its demand pulled forward. Commercial construction relied on the stimulus which is now over. The last two sectors plus governments were the major contributors.

So what industry is stepping up to the plate and going to carry things? Rim and the telecoms? Commodities may even reduce subject to China and the U.S.
The question should be more like how are those debts that got run up the last decade that provided the illusion of prosperity for Canada going to be paid down?
I guess one dollar at a time generously donated as always by the individual taxpayer.
Not sure winning the Federal election is going to be enjoyable.
I can see a lot of our Federal representatives running off to greener pastures. Board of Directors of our larger institutions and companies will be glad to reward them.
And life goes on.

#168 S.B. on 03.26.11 at 5:38 pm

Garth could lead the Wild Rose Party!
(He has the resquite cowboy boots ;) )

http://wildrosealliance.ca/

Still, any legitimate opposition these days is eventually hijacked, de-legitimized, controlled (or “reformed” – no pun! – into a monster. See: the new (Reform) CONservative party) .

Dolton McSquinty’s LIEberals have trashed Ontario.
Where do we turn? No-where. The end is inevitiable. See: Iceland, Ireland, the PIGS, USA, UK.

South America is on a short leash being a major source of natural resources and drugs. Otherwise, the USA will be tasked to subdue them. See: Middle East.

We are next on the Globalist’s chopping block. Australia is suffering the same fate with a new talking-head leader pro-war agenda espoused.

RIP Middle Class, 1946-2008 we hardly knew ya – but a footnote in the annals of history. Led by easy money, slick marketing, we were sold the “American Dream”, Easy Street. Oops it was a dead-end street!

#169 S.B. on 03.26.11 at 5:40 pm

resquite = requisite :oops:

#170 realpaul on 03.26.11 at 5:46 pm

Being an arch-conservative AND a taxpayer I fear the conservative majority AND the coalition proposed by Iggy and the droopy Libs….both would mean a nasty hangover for the taxpayer. 1) the cons have got to face up to reality and stop the pandering to anyone who’ll listen in the quest for a majority gov. In fact the give aways have to stop or they will get stopped ….by the IMF !!

2) The True-Dough-Nutz under Iggy and the pasty wanna be backs are waiting to wallow in the the familiar trough that got us into the 100% tax regime. The Libs are a monarchy in waiting….no one can afford that.

3) The BQ having the final say on anything when they acknowledge that their only interest is to disolve the Canadian union. C’Mon …………

$ Jack Layton??????????? Aren’t the unions sucking up enough out of the blood sweat and tears of working Canadians? Can anyone imagine an Orwell in power?

#171 tkid on 03.26.11 at 5:49 pm

Who will I vote for?

It will be Harper.

I won’t vote NDP. I learnt from Bob Rae as Premier of Ontario that the NDP get the least amount done with the most amount of money.

I won’t vote Liberal. I don’t trust Ignatieff; this has been confirmed by Garth’s post. I also do not trust the Liberals.

I won’t vote for Duceppe. Secession, and Quebec already gets too much federal payouts for my liking. And they don’t run in Ontario sooo …

The Greens won’t get my vote. Until a provincial election is held in Ontario I hold the Greens responsible for the ban on incandescent light bulbs and flimsy overstuffed 5 cent bags that shred before I can get them into the apartment. If I still owned the townhouse I’d blame them for the ban on pesticides too.

If Harper gets a majority I believe he’ll bring in austerity. If I thought he would continue to run up the deficit I’d probably vote for the mary jane party. Do they still exist?

#172 David B on 03.26.11 at 5:49 pm

Each and every seat in Quebec is equal in value to all other seats in Canada in H of C. Bloc members and those who vote them in no doubt have had family members that fought and died along other Canadians in WW I & II and to-day many are serving alongside our brave service members in Afghanistan and Libya …also serving at sea in the Med. I do not agree with separation but I am proud of these members for taking their case to Ottawa peacefully via our political system….. If only the Middle East could have done the same, let alone other countries that have spilled so much blood over the years. Sadly our politicians and MSM never bring this up to the public.

Addendum……

Note: On September 9, 2004 Mr. Harper was well aware that all Bloc members were indeed full standing elected members of the our H of C and citizens of Canada and he was entitled to submit a letter of understanding to our GG to form a government with the support the BLOC despite their mandate of separation.

#173 MikeT on 03.26.11 at 6:12 pm

As much as I don’t like (there’s a 4-letter word for that) Harper, I must give him credit for the brilliantly-played game of politics: to time so well the inflating (and planned burst) of the real-estate bubble with the start of a new election campaign and do it with public money, while reaping the rewards for himself and his party – that is one fine game, ladies and gentlemen.
The 60-day window before banning the 35-yr mortgages was the last bit of gas he put on the RE fire, which in turn supported a fairly ok economy and gave us all an extension of the nice comfort we have about our country, jobs and, well, economy. However, the RE bubble is starting to pop, or at least some Canadians already feel it on their skin and pockets, which will only become more and more evident in the near future and suddenly the sun will not shine as nice as “when Harper was in power”. The events in the US showed that things can turn from good to bad pretty quickly and I am afraid we are going to have a nasty awakening in the very near future (RE market will start it all) – this will only help Harper and his gang, because the electorate will feel the big difference between now and the time “when Harper was in power”. Especially that “w-H-w-i-p”, there was so much noise on tv, radio, etc. about the “Action Plan” and how much it helped Canada! Thanks to that good pal Harper! Plus, I think Carney may play his part in this game and jack the rates up (after Harper’s govt is gone) so that it squeezes Joe Average even more and he will feel the above-mentioned “difference” even more.
People may not revolt against a political party in the next election – they will revolt against the much worse situation of their finances and living conditions and they will give the vote to the one who will promise them good times, and guess who recently PROVED that he can offer good times? Well, mister Harper, of course!
This contrast is going to be the ace in his sleeve and he will surely play it to the fullest extent. Doesn’t matter that good times will not return here for quite a while – all Mr Harper needs is another term in the office with a Parliament majority, and after that he can retire and have a nice life as a “consultant” in a big corporation (which is common nowadays). But after he gets the majority, and after Joe Average’s situation does not improve but keeps getting worse, his patience will run out and he will ask Mr H “where the promised good times are?”, all Mr H will have to do is say “wait a little longer – the good times are just around the corner”. And even if a good chunk of the population will be in dire straits, they will not have any power to call for an election – nobody will listen to them, especially that the majority will be in Mr H’s hands. THEN we’ll see his true colours.
Thanks for reading my rant.
P.S. Anybody noticed Japan is no longer news? There are hardly any recent articles about it online. None on Yahoo home page. Life’s good again! Yay!

#174 Live Within Your Means on 03.26.11 at 6:14 pm

#106 Moneta on 03.26.11 at 12:06 pm
How do you expect wealth when you expect to be taxed the more you earn. How in the hell will you become wealthy?
———
Well redistribution has given us the quality of life we have now vs. that of the serfs in the middle ages.

Totally agree Moneta.

#175 Scare Crow on 03.26.11 at 6:16 pm

I just gotta reply to Maxamillion – your a funny guy – but your the dipsh$t that likes to fondle Gaddafi – and while your at it – be a true patroit and service his entire army – I already spent too much time wasted with you – but I will help you buy your one way ticket and even help pick out a nice pair of knee pads for ya – enjoy! and F – O…

Hey Simkev – either your a raving lunitic are a complete genius – without providing any specific facts you were able to judge me – awesome guy – maybe your spending too much time on the blog – put down your wet towel, move out of your mother’s basement and get a lfie…

I made ZERO reference to what line of work I do – I started my business from the ground up – and employ a number of workers who I think as family – my statement – but your little pea brain wouldn’t understand – my business success is based on cold hard calculated facts – period – if a worker decides that another route is best (and usually its because it satisfies their needs) you have to draw the line – my point – if the working hours are 9-5…and one comes in at 9:02am – what stops the others from coming in at 9:15 / 9:30 – some of the most successful business must at times look ruthless for the sake of survival.

And a final point – you once again lost my point about Hyundia – I AM NOT stating what quality the car is today – but the damage is already done – those sales numbers have to do with affordability – they introduced an inferior product – they learned from their mistakes – 20 years on and they still probably struggle with the branding thing – Simkev go out and buy a marketing book – you’ll soon realize that your a complete tool who talks before he thinks –

I unfortunately just wasted 10 minutes of my life that I will never get back talking to 2 of the stupidest people on the planet – Maximillion +Simkev should start their own club –

Back to business – [sorry G-Man ]

#176 Still waiting on 03.26.11 at 6:19 pm

Garth, you could always try the Libertarian Party. I did, got just under 200 votes. Sure you can beat that!

#177 David on 03.26.11 at 6:27 pm

Garth…hit a nerve, did I? Whether your insulted or not, I know that every single federal politician DOES covet that pension, the very best in Canada…..and if you think otherwise, you’re the one who’s delusional. Just ask the criminal Senator who just resigned last week so he could keep his. Or is he just an “oddball”?

You hit nothing but your own prejudice. — Garth

#178 Michael on 03.26.11 at 6:34 pm

@161

It’s all politics and the taxpayer is the sucker.

Yes, this dreadful democracy, it actually causes time, money and effort. What a waste. We should all just be sitting in our non-builtout basements and admiring the wood framing.

#179 Bonnie N BC on 03.26.11 at 6:34 pm

Sometimes, I feel like the only person that thought M. Dion had a vision for Canada. Granted “The Green Shift” was released before the meltdown in the U.S. during the election.

But to hear that Mr. Ignatieff would do that to M. Dion is as ruthless as the other guy. You know the guy that likes kittens.

While I have not joined any campaign this time – I know I cannot sit out and not vote. It is a responsibility and an obligation – what to do?

Okay maybe I am a idealist but this is a pretty awful result because I have to vote for a candidate that I don’t want to vote for.

#180 Live Within Your Means on 03.26.11 at 6:51 pm

A fine blog, today’s piece is.

Unfortunately, it seems to have invited the amateur political hacks to crawl out of the closet and spew their ugly vitriolic partisan garbage here.

……………..

You should read some of that ugly vitriolic partisan garbage on some of the MSM & con sites.

I rarely comment on politics on this site, but I can assure you I am very aware of what happens in Ottawa and elsewhere.

#181 bill on 03.26.11 at 7:02 pm

eddy …are you kidding??
no my friends he is not kidding.
wow just what we need a nationalist party.
will it be modeled on the serbian version of a national party where they slaughtered the ‘unpure’ or just the wacko french version where they want to send the ‘undesirables’ back to where they came from?
would you keep the health care? a bit socialistic but if you did you could call your party the national socialist party…..

http://www.youtube.com/watch?v=IJOuoyoMhj8&feature=related

#182 eaglebay on 03.26.11 at 7:07 pm

Utopia – Exactly how I feel.
I wish I could express myself as well as you do.
You’re the best and most intelligent poster on this blog.

Dorothy
My feelings exactly, good for us boomers.

#183 Throwstone on 03.26.11 at 7:10 pm

Utopia #119—

“So lets count our blessings Robert and try to keep some perspective on the past before jumping on the bandwagon that creates a false narrative of the current governments achievments.

You may not like them on some levels but they have proven themselves able stewards and managers of our economy and have successfully brought us through the worst economic crisis this country has seen in a long, long time.

And that is why they have earned a vote of confidence from the Canadian public and will almost certainly return to power with a majority government.”….

YOUR JOKING RIGHT?…..

“able stewards and managers of our economy”….

any government can hand out $58 billion dollars, reduce or eliminate lending standards creating a sense of stability. Let’s see how that reputation holds up when they ask for the money back through increased taxation. If you took a good hard look at that budget, alot of it was based on optimistic numbers and frankly, sheer hope that production/consumption levels would return to meet such an optimistic debt repayment schedule.

“brought us through the worst economic crises this country has seen in a long, long, time”…

Money here! Get your money here!….Daily $$$$$ here!!….$58 BILLION TO GO AROUND…..

Don’t worry about….

CONTEMPT
IN AND OUT
PROROGUE x2
JET FIGHTERS
UN SECURITY COUNCIL FAILURE
…..

HOW ABOUT $58 BILLION TO GO AROUND….

who would’nt think the current government is great!….Let’s see how well they do when we have our own made in Canada Recession created by this same government you praise…

#184 Timing is Everything on 03.26.11 at 7:21 pm

#82 Scare Crow – said “So keep repeating how Harper is satan’s son”

I thought he was only a nephew?

#185 jess on 03.26.11 at 7:56 pm

Scam, showing how major corporations have learned to use an all-too-often empty promise of “jobs, jobs, jobs” to win economic development subsidies and fatten their own coffers.

The average state has more than thirty subsidy programs, which range from property tax abatements, corporate income tax credits, land write-downs, infrastructure aid, and just plain cash grants. With so many incentives to boost employment, you’d think job creation would be approaching an all-time high. In reality, many companies fail to create or retain the jobs they promise. Many pay poverty wages or fail to provide healthcare to employees. Some move jobs offshore. And many have not created any new jobs—or have actually laid people off since pocketing their incentives.

CorpWatch : The Great American Jobs Scamby Greg LeRoy,

#186 Macrath on 03.26.11 at 8:24 pm

When a person is successfully elected as a Canadian MP and is swore in, to whom do they pledge allegiance?

The Queen. — Garth

So Duceppe and the separatist block pledged allegiance to the Queen, then washed their hands and pledge to obstruct the Canadian parliament for the benefit of a sovereign Quebec.

Then the turncoat NDP Laton organizes with the Liberals to have a coalition with these scoundrels to defeat a duly elected government.

Now Iggy declares the Conservatives in contempt of Parliament. Pathetic !

And it was Mr. Harper who enshrined that Quebec is a ‘nation.’ There’s lot of blame to spread. — Garth

#187 maxx on 03.26.11 at 8:27 pm

#102 Moneta- interesting points, and partly agree, but don’t waste your breath- I want my money….and how do we reconcile some staples being available at ’80s prices whilst real estate goes haywire?
Perhaps productivity is directly proportional to what people think their money is worth?

#188 David on 03.26.11 at 8:29 pm

Well, Garth I might very well be prejudiced….as I said I hatye politicians. But that doesn’t preclude me from being right on this.

Per “Sizing Up the House of Commons” by Alison Loat, (Co-Founder and Executive Director of Samara – an organization dedicated to the idea that public service and public leadership matter) April, 2010 :

“It’s true that we have a lot of MP turnover. On average, over 35 per cent of MPs after any election are new (although it depends a lot on the election; after the 2008 contest, just under 22 per cent were rookies).”

She also adds: “The fact that MPs only qualify for pensions after six years of service probably doesn’t help either if one aspires to get people to stick around for longer.”

Now I’m no math whiz, but if we have an historic average of 35% MP turnover per election, (per Ms. Loat, 2/3 of that figure is by electoral defeat, 1/3 by retirement…and in my ‘prejudiced’ state of mind, I could see that latter fraction being partly comprised of the lucky, pensionable crowd) then your claim that only 20% of MPs ever reach pensionabilty is significantly understated.

But besides this, why the thin skin on this issue, Garth? Why is the pursuit and desire for money such a terrible thing to admit to today? It seemed an okay discussion point yesterday?!

This is the 4th election in seven years. Your math is wrong. — Garth

#189 Nostradamus Le Mad Vlad on 03.26.11 at 8:31 pm


#182 Throwstone — Excellent post.
*
Fukishima Clip of radio-active cloud over the planet. Play button is in lower-left corner, language French.

Empre of Lies All empires crash and burn.

Up to 500K protesters venting their fury at Britain’s govt. They just elected them This what we will get if the CPC get a majority, plus 5:19 clip London protests.

Soros Reinventing a new global economy. More in tune with Stevie’s CPC neocon gang.

Hanford “The former plutonium plant in Hanford, Washington is one of the most contaminated places on earth, and still decades from being cleaned up.”

Deutsche Bank A second financial crash? And 1:19 clip Banks naughties.

Japan “The US economy is running on fumes with the oil light on, and it is probably a question of when, not if, the US government collapses under the weight of its own indebtedness.” wrh.com. Last Days of the dollar’s empire, which is why the US is invading everyone it can — to divert attention away from the real problems it has at home.

No Industrial Base — No wealth.

7:48 clip “The real reason why they want Gadaffi dead!” JFK and Obama are mentioned as well.

Demonstrations against west invading Libya illegally by Greeks. Iraq cloned, and the US destroyed Iraq.

#159 S.B. — “Won’t get fooled again? As if. *All war* is based upon a lie, never forget this fact.” — Obama quotes “President has no constitutional power to bomb another nation if no threat to US — Presidential Candidate Obama in 2007.”

#190 Are you serious? on 03.26.11 at 8:38 pm

#119 Utopia on 03.26.11 at 1:00 pm

#191 Was more like 20 years ago on 03.26.11 at 8:41 pm

crowded elevator fartz….

“So, the long and short of it is……either we purchase Used military equipment ( remember the Brit subs we bought for a dollar about 10 years ago?)”
*******************************
My ex brother in law was a submariner, he took me on a tour of his sub which is one of the ones you refer to. That was in 1989 iirc

#192 Roy Stacey on 03.26.11 at 8:44 pm

This Yank is cranked. So, the Canadians have decided their is “no confidence” in their government. Same as here, but we are stuck until 2012 to choose whatever dim bulb runs against Obama, or re-elect him.
Housing still melts, jobs are tough to find, in the mid-west. Their is no building of new jobs which might come on-line next year. Wages have fallen slightly.
Our Fed appears clueless to initiate anything.

This boomer, with his paid for home & crap feels no immnediate pain. His 35 yr old unemployed son is another story. Diminished hopes that tomorrow IS a new day.
This may be the biggest lie to his generation.
Our Politicians failed to pay for the goodees of yesterday, yours are making the same errors. There is never a free lunch. With looming boomers making for the exits starting now, and over the next dacade, who do we think are going to be buying our homes as we downsize to smaller digs, or the assisted senior living centers? At what price, at what carry? The good jobs here are gone, the better are leaving quickly. Either you’re an established farmer, doctor, or other professional, work for government, or you’re condemed to the Wallmart world. Who is going to carry the mortgage on that salary? Did I mention the social programs promised?
Home prices can stall, then fall very quickly. Look at the US. Here in the mid-west prices did bot get wildly out of line. They ARE down 25% from their 2006-2007 peak with no immediate sense of recovery. SELL NOW while you can, rent for a year or two, see what develops.
Here in WI our new Republican governor has all but declared war on state workers, removing their collective bargaining rights, making them pay both a portion of their health care costs, as well as their retirement costs. Strange, that a comparisson to similar surrounding states showed our state workers are underpaid by 4.8%. So, where does the savings come from -squeezing these workers – you’re next.
Too bad, when bad rhetoric rules, all sense is lost.
Conservatives, as a rule fail to show initiative, a working game plan to govern effectively, except for cutting taxes, which might be the LAST thing either country really needs rigfht now.
Oilgarchy is wonderful- if you’re on the winning side.

All political parties remind me of a pack of dogs, smelling each others butts, however in the final analysis there simply is not enough of a difference to note.
For all the “talk” of Obama the liberal, he certainly strikes me as a bad version of Bush Lite.

Good luck with the new election, you will need it.

#193 Hoof-Hearted on 03.26.11 at 8:51 pm

Well….drove around ” Hot ” West Richmond.
Very flat…..90 % of For Sales are UNsold…..

#194 Nemesis on 03.26.11 at 8:53 pm

The Queen. — Garth

“I solemnly swear to bear true allegiance to Her Majesty Queen Elizabeth II, her heirs and successors, according to law. So help me God.”

Of course, I was reliably informed by the Quebecois amongst my cohort that, “Si vous croisez les doigts – il ne compte pas.”… Really. ;)

For my part I spake, “Her Majesty…” but thought, ‘The Citizens/Peoples of Canada’…

#195 time to turn on grammar check on 03.26.11 at 9:00 pm

#150 Live Within Your Means on 03.26.11 at 3:31 pm

I know for whom I’m voting for and it for Stevie.

#196 Hoof-Hearted on 03.26.11 at 9:04 pm

Re Federal election:

Iggy and Jack are getting old…..and it’s still March….knife time….

Iggy is gone….either shite-kicked at the polls or one term wonder.

Jack has an agenda , lever it but…he’s gone soon

The Bloc dude is a nut case….

#197 David on 03.26.11 at 9:24 pm

#186…. It’s a minority government….you’re grasping at straws, but I won’t throw insults at you.

#198 TS on 03.26.11 at 9:38 pm

Unfortunately our democracy in Canada is in a slow death spiral under Harper. Thomas Walkom’s column today in the Toronto Star, “A government that holds democracy in distain” is an excellent assessment of the dictatorial nature of Harper and how much he has already damaged our democratic institutions in Canada.

It is too bad that the vast majority of Canadians are so poorly informed and so easily swayed. Reminds me of the German populance when Hitler was coming to power. I don’t know if it because we are too stupid to know what is happening to our great country….or too lazy to take the time to understand things. The end result will be the same….one of the greatest countries in the world – one that should be full of hope and promise – will simply fade away into mediocrity as it becomes mean-spirited, small minded and consumed by right wing ideology.

As far as Garth’s last run in politics as a Liberal…well we supported him with our first ever political donation and we would have done it again if he would have run.

Whoever is left when Harper ends our democracy in Canada…please turn out the lights. It will be an ugly sight that I cannot bear to see.

#199 Utopia on 03.26.11 at 9:39 pm

#181 eaglebay said….

“Utopia – Exactly how I feel”.

Thanks for the compliments Eaglebay.
———————————————————-

#182 Throwstone responding to Utopia wrote…

“HOW ABOUT $58 BILLION TO GO AROUND….

who would’nt think the current government is great!….Let’s see how well they do when we have our own made in Canada Recession created by this same government you praise…”

Sorry Throwstone. We do not have a made in Canada recession created by the Government at this time. Not even close to one actually and in fact we have been posting growth now for several quarters.

What we did have to contend with though was a made in America sub-prime crisis that almost sank the global financial system. We are bloody lucky we got through it in one piece. Almost nobody else did.

On the issue of the stimulus program please keep in mind that this was not some kind of Conservative slush fund with goodies for their ridings alone. The premise was to invest in infrastructure in order to offset the sharp declines in consumption and to therefore give us a GDP boost and an economic shot-in-the arm.

Whoever had been in power at the time of the Credit Crisis and was then involved in the meetings amongst world leaders, finance ministers and banks around the globe would have made similar commitments. Each country chose it’s own level of intervention and in our case the figure was, I believe 47 Billion.

The Chinese on the other hand poured hundreds of billions into their own economy which has resulted in one of the biggest real estate bubbles on the planet.

That may have actually been insanity because in fact they were still posting strong growth at the time they starting pumping their system into overdrive.

I am not actually a promoter of stimulus as I am not a Keynsian though and there is now some evidence in a report done by the Fraser Institute based around Statisitics Canada Data that suggests very little was actually achieved via stimulus to boost real GDP.

Keep in mind though that nothing like this had ever been tried before though nor had so many countries ever undertaken this kind of program simultaneously. The efforts were global in reach and much of the impetus behind the programs came from the US itself as that is where the Sub-Prime crisis originated.

There are many who continue to contend that without global stimulus measures we would all be wallowing in a deep depression right now. It is a difficult proposition to argue with and we will never know for sure what outcome might have resulted had no action been taken.

What I was conveying with my comments though was that the Conservatives were not acting alone when the stimulus program was introduced but rather were working in concert with a host of other nations including most of Europe, the US, Australia and much of Asia.

Everyone was stimulating together (sorry if this is getting too sexy for any of you prudes out there) as this was a global effort and we need to keep that in mind.

From that perspective I do not hold the Conservative Government fully responsible for some of the negative outcomes we are now experiencing. I would actually fault several major US Investment Banks directly and the gaping holes in accountability including a lack of oversight over financial institutions in America for bringing the world almost to the brink of financial collapse.

For a wide range of reasons which I will not enumerate here, Canada was almost immune to the most negative aspects of the fallout. The most important though is that accomidative CMHC policy allowed borrowers in this country to continue to buy homes on easy credit terms and that in essence has allowed our party to continue to this very day.

Home consumption and services drove our economy while other countries fell into positions of near default as unemployment roose, tax revenues dried up and home values crashed thus stalling their economies. All they had left was the debt hangover and insufficient income to service the bill. Ask the Greeks, the Irish or even England itself how they are feeling today.

Our economy did not tank because Candians as whole continued to enjoy a real estate wealth effect. We never lost confidence although we may well have lost our sanity by going so deeply into personal debt.

But it worked. Consumers and housing were the main fuel that have kept our economic engine humming all this time and preventing a situation where widespread job losses would have lead to a negative economic downward spiral as we have witnessed in the United States.

So far, so good.

That giddy feeling is almost over unfortunately. As we well know, housing sales have plopped for 9 months running and prices are now dropping in a large number of Postal Codes.

Here is that Fraser Institute report for you Throwstone. It is worth a read as it is enlightening regarding the policy of stimulus and it leaves the suggestion that better policy may be to create a more nuturing business environment.

I think this is being partly achieved through two important measures that the Conservative Government was attempting to implement before the election was called. The first is reductions in corporate taxation while the second includes measures to streamline our economy through the “Red Tape Reduction” program.

Just so you know, I too have regrets about the amount of debt taken on and am not just out pumping sunshine. We have a big bloody bill to pay down and it will weigh on growth for many years to come.

Let us all hope nothing goes haywire elsewhere in the world that makes us all miserable debtors in this great country of ours.

http://www.fraserinstitute.org/research-news/display.aspx?id=15912

#200 Dan in Victoria on 03.26.11 at 9:42 pm

Scarecrow @ 82
I run my own buisness with a staff of 28, some of my best people had to be let go cause they crossed the line and that questions my authority. I hated to do it.
But once your authority is questioned you lose all credibility.

Garth worked for his constituents, who elected him.

He did not work for Stephen Harper.

#201 BrianT on 03.26.11 at 10:02 pm

#174Scare-Judging by what you type, if anyone on this blog is wearing knee pads it is definitely you, tough guy.

#202 bridgepigeon on 03.26.11 at 10:13 pm

134 GregW Oakville (fyi)
I do agree with you on the f in the H2O issue. You do realize, that by removing your fillings, you have changed from one toxic substance and replaced them with another. Now you have Bisphenol A (BPA) in your body. On our country’s list of toxic substances, this carries it’s own set of health concerns.

I wish the Liberals had a leader I could believe in. My choice would be Ken Dryden. We need a winner, with ethics, now more than ever. As it is, I’m in the swing vote camp…

#203 Coho on 03.26.11 at 10:13 pm

#197 TS,

It is too bad that the vast majority of Canadians are so poorly informed and so easily swayed. Reminds me of the German populance when Hitler was coming to power. I don’t know if it because we are too stupid to know what is happening to our great country….or too lazy to take the time to understand things…

The obsession with overpriced real estate doesn’t help, not to mention people scrambling to make a living and raise kids. These don’t leave enough time to give depth of thought to anything outside of our own little world. Sugar coated sound bite faux news is all we have time for.

#204 mousey on 03.26.11 at 10:26 pm

Dear Garth,
Just back from holiday…about yesterday’s post: please no “Garth Lite”. I’m with #55 Dan in Victoria – time to man up. Enough said.

#205 Dodged-A-Bullit-in Alberta on 03.26.11 at 10:39 pm

Greetings: Other bloggers have stated that pollsters only use land lines. Great! I look forward to receiving a call. I have my answer already prepared, matters not which party calls!!!! Same middle finger P. Trudeau used to show his contempt for Canadians. Holy shit, there is that contempt word!

#206 The InvestorsFriend (Shawn Allen) on 03.26.11 at 10:41 pm

Somesone said Garth got elected as Garth.

Wrongo, Garth got elected as Garth Turner, Progressive Conservative candidate.

Some years God himself could not get elected on a PC ticket. Other years the village idiot can get in on a PC ticket. Same for liberals just depends how the PARTY is doing.

We are governed by party and so naturally most of us vote by party.

Individual candidates often make little to no difference (before or after the election). Sad but true.

Garth tried. But the system spits out free thinking people unless they get to be party leader.

#207 Keith in Calgary on 03.26.11 at 10:54 pm

I’ve withdrawn from democracy. It’s a pointless exercise in futility.

#208 Throwstone on 03.26.11 at 10:57 pm

UTOPIA…

“Sorry Throwstone. We do not have a made in Canada recession created by the Government at this time. Not even close to one actually and in fact we have been posting growth now for several quarters.”

Not yet! We don’t …and yes we have been posting gains but not because of Conservative policy!

“From that perspective I do not hold the Conservative Government fully responsible for some of the negative outcomes we are now experiencing.”…

So when we do experience the made in Canada recession as a result of Conservative invoked CMHC policy will you deny it, and fault the U.S. subprime crises?…

“Our economy did not tank because Candians as whole continued to enjoy a real estate wealth effect. We never lost confidence although we may well have lost our sanity by going so deeply into personal debt.

But it worked. Consumers and housing were the main fuel that have kept our economic engine humming all this time and preventing a situation where widespread job losses would have lead to a negative economic downward spiral as we have witnessed in the United States.

So far, so good.”

WTF ARE YOU TALKING ABOUT…

Clearly you misintepret the current state of our economy. Several reports have shown most Canadians are on the razor’s edge with personal finance.

Forget about the 50 billion we owe, look at the demographic vaccum about to suck the life out of our economy. The imminent retirement/pension crises and the health care burden.

Gorging on Debt to uphold the illusion of wealth through Real Estate is clearly not the path to prosperity, as Garth has adamantly maintained.

When Real Estate in Canada takes a 10-25% hit before the boomers start having to sell, which will accelerate the declines, which in turn will force them to maintain employment which will drag productivity down as they take more sick days, which will stress Health Care, which in turn will require more funding. Combine all that with the completely indebted Gen X/Y cohort and a remaining 20 billion dollar debt and Voila!!….MADE IN CANADA RECESSION…. Then we will see if it ‘worked’ as you claim?….

And the ‘SO FAR SO GOOD’, well I think the captain of the Titanic was saying something like that too…

I think you’ve been brainwashed by economic action plan commercials…..

#209 mousey on 03.26.11 at 10:58 pm

Dear Bloggers,
“The Harper” wanted the government to fall. No doubt about it. When the budget was introduced, they all pranced out, serious looking, no compromise looking, it’s for Canada looking. My dad taught me about politics – it’s not for the meek. It is a nasty business, every so often uplifted by the pure at heart – may they all wear asbestos underwear. Back to real estate. I think the **** will hit the fan when interest rates rise, and of course they must.

#210 Utopia on 03.26.11 at 11:01 pm

#138 hobbygirl

“I don’t understand the socialist-knocking here. Correct me (with detail) if I am wrong, but with the exception of Bob-Rae’s gov’t every NDP formed provincial gov’t was able to balance the books during their terms of office”
———————————————————-

Hunh?? You don’t follow British Columbia politics very closely do you Hobby Girl?

#211 Utopia on 03.26.11 at 11:09 pm

#139 BrianT

“#98Ut-Good thing they caught the serial killer-he wasn’t too many promotions away from heading up this thing-he might have gotten too big to fail”.
———————————————————-

Normally I would not even bother responding but I have to wonder if you realize that your comment makes no sense at all. Were you possibly answering a different post?

#212 T.O. Bubble Boy on 03.26.11 at 11:10 pm

@ Utopia:

“Stewards of the economy” is not an accurate statement to describe what’s been happening… at least not in my mind.

Canada has been on a debt binge on par with the U.S. pre-financial crisis. Harper and F doubled-down on housing — encouraging the extreme growth that we’ve seen in Canadian mortgage and consumer debt.

All this has done is “kick the can down the road” a few more years.

You are correct – Canada has been fortunate in 2008-2011 to have the illusion of growth, and apparently we are the “envy of our peers” because of it… however, when these other countries are recovering and growing out of their recessions, we’ll just be heading into our’s!

Deleveraging from this unsustainable debt binge will be a painful thing — for households, for provinces, and for the federal government.

“Stewards” wouldn’t have sacrificed the future stability of millions of Canadian homeowners just to keep GDP from falling a couple of percent.

#213 Utopia on 03.26.11 at 11:12 pm

Oh! Sorry Brian. I just clued in a little late that you were referring to our own multi stripe general who went down for murder not so long ago.

My brain just does not work in shorthand some days.

#214 Moneta on 03.26.11 at 11:18 pm

….and how do we reconcile some staples being available at ’80s prices whilst real estate goes haywire?
————
People are ready to pay high prices for leisure and luxury but skimp on staples and necessities.

This strategy has been working fine for the last 30-40 years thanks to cheap oil due to the oil embargo which pushed governments worldwide to drill, creating a multi decade glut. Just as importantly, rates have been dropping since 1982.

Lower rates and cheap oil created competition and lower prices as companies outsourced production to cheaper labor countries. And thanks to money printing and boomer investing, companies have been able to reemerge from banrkuptcy protection no matter how terrible their prospects have been (i.e. Air Canada). The impact of dropping rates has been insidious in the pricing of consumer products. For examples, insurance companies haven’t had to generate underwriting profits for the last couple of decades because rate cuts generated huge gains in their bond protfolios.

But now that rates are at all time lows, the party is coming to an end. The cost of living will be going up no matter what. With austerity income is going to drop. With printing, inflation is going to soar.

And with some luck we’re going to get both.

#215 Throwstone on 03.26.11 at 11:23 pm

In other news….

http://www.theglobeandmail.com/news/national/british-columbia/gary_mason/a-18-million-olympic-village-dream-turns-sour/article1957776/

#216 45north on 03.27.11 at 12:05 am

GregW Oakville: what is needed to run in this election?

here’s an hint:
Still Waiting: Garth, you could always try the Libertarian Party. I did, got just under 200 votes. Sure you can beat that!

that is it’s very easy to be a fringe candidate

it is singularly difficult to stay an independent member of the House of Commons

#217 MortgageFree on 03.27.11 at 12:11 am

Garth, what are the chances that TFSA will be abolished? I just don’t get how libs et el. did not try to smack it already. Thanks.

#218 Mike Rotch on 03.27.11 at 12:22 am

Utopia Sez:
I am not actually a promoter of stimulus as I am not a Keynsian though and there is now some evidence in a report done by the Fraser Institute based around Statisitics Canada Data that suggests very little was actually achieved via stimulus to boost real GDP.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Wouldn’t surprise me. I know of one “shovel ready” municipal government project that got a huge chunk of change.

Funny story – the municipality already had the funding in place, so all that was accomplished was to share the bill across all of Canada……NOT A SINGLE FRICKING NEW JOB CREATED!

I sincerely doubt this was the only federally favoured project that fit this description.

I know the Feds had to be seen doing something in the face of the recession, but damn, why couldn’t they have just shovelled out a couple billion and created a bunch of grandstanding photo ops……..We would have felt just as warm and fuzzy, but would not be in hock by an extra $50B!!!!!

#219 Joseph [original] on 03.27.11 at 12:24 am

Things just keep getting from bad to worse for the US housing market.

http://www.msnbc.msn.com/id/42258117/ns/business-eye_on_the_economy/

#220 Nostradamus Le Mad Vlad on 03.27.11 at 12:35 am


Variation on a theme “The radiation was ejected high into the atmosphere … most of it is still there. This map shows how absolutely tailored they can make this. The Navy gets Hawaii where they are moving 95% of the ships and personnel. The Rockefellers are getting North America. The Rothschilds are getting the western food basket… Washington, Oregon and California… and getting rid of the liberals and progressives. And the NWO will get North American unification. NAU.” Evidently, the Japan ‘quake was caused by HAARP. See link after next.

1:27 clip For sci-fi fans only. Recall Star Trek: TNG and the wormholes in space? Over the White Sea in Russia. There’s more going on out there than we can ever know.

51:06 clip Goes with the HAARP link, but in further detail. The narrator suggests that Japan will eventually do an Atlantis, as will parts of the US (SAF and NMF). Whatever!

2:52 clip UCLA student says America occupied. She may have something there.

Last fall, a link said there were 34 US Navy ships bound for the Gulf of Aden, but some ships jumped off half way there. This may be a clue as to what is happening behind the scenes, and this may explain the preceding.

7:13 clip Spotting fake silver.

Economic Terrorists We’ve been reclassified from sheeple!

5:44 clip New tsunami footage. 10:33 clip Radiation forecast for this continent, and 1:26 clip Radiation over Kannnnadunk.

Religion Yahweh good, Allah bad. It’s the same god, just different names. This is the same negative force — lucifer, satan, the devil etc.

Zionist Sarkozy and the revived neocon war agenda. Obama won a Nobel Peace Prize for having bigger wars (and lies) than dubya?

California ‘Quake predictions and Predictor Map.

The elite use one of their puppets, the m$m, to spread fear among people thus scaring them shitless. We’re all gonna break on thru; been there, done that before. It’s another initiation leading back to the other worlds, that’s all.

Brzezinski The NWO’s Man Of Le Mancha (warmonger) steps forth. Goes with the preceding.

North Dakota Smart. Beginning to look like a tax haven!

#221 Valkyrie on 03.27.11 at 1:05 am

#123 “Because contrary to popular pacivist beliefs. The world aint getting friendlier, just ask a Libyan rebel, an Afghani, a Yemeni, an Egyptian, etc………”
MAYBE WE SHOULD STOP BOMBING THEM

“If u run 4 president you sure have my vote.”

When the Queen passes, it will either by Charles or Stephen with his image on our currency, heaven help us……..

#222 phusis on 03.27.11 at 1:06 am

@197 TS

Well said. It is discouraging to see so many Canadians support a guy whose actions have been consistently manipulative and deceptive. Let’s hope the majority of Canadians who don’t want to see any more of Harper use their heads to make the best strategic voting choices.

Garth, thanks for the reminder that about the only good outcomes of the Harper regime — TFSAs and pension splitting — were your ideas.

#223 An Cat Dubh on 03.27.11 at 1:44 am

I’d rather have a clown for PM, rather than a PM who’s a clown.

#224 Pat on 03.27.11 at 1:53 am

#173 Live Within Your Means wrote:

Well redistribution has given us the quality of life we have now vs. that of the serfs in the middle ages.
—-

I think it’s science, first, that’s given us this quality (and length) of life.

#225 ToddM on 03.27.11 at 2:00 am

Hopefully Canada gets an inspiring leader soon – how about the former Newfoundland premier?

#226 Marc on 03.27.11 at 3:23 am

I will continue to spoil my ballot until our politicians are held accountable to their own jobs. When the likes of Dawn Black can resign a mere 6 months into a 4 year mandate, and face no financial reprucussions, there is no point in voting as it shows the politicians are oppertunists, only looking out for themselves. Garth is the exception to the rule, and my only political donations were to his campaign in 2008.

#227 Scared in Vancouver on 03.27.11 at 4:12 am

Hi Garth

Just thought I ‘d share this with everyone. My wife and I saw another for sale sign today, the weird part about this is that it was on a property we thought was sold early this year as the Real Estate Agent had smacked a sold sign on the property. It was on sale since the late winter of 2010. I know this because we were checking out properties around our block. It started out at 780,000 and by October – nov it came down to 740,000. By December there was a sold sign. Well just today there was an open house, we thought that was strange, so we took a look. The house now is listed at 699,000. The agent is trying to use mutliple offers to increase the price of the house. We’ll see if it sells

#228 March of the Pigs on 03.27.11 at 6:14 am

I forget sometimes that you were in politics. Make no wonder you’re such a raunchy pervert

#229 SAD on 03.27.11 at 9:38 am

Our government system is no longer a democracy as we knew it. Our elected officials are manipulated and influenced too greatly by lobbyist for big business or unions. Our system for the most part mirrors the U.S. in that regard.
As Garth has said before Social Darwinism is alive and well in Canada.
The average person does not have a lobbyist. It is the special interest groups that are dividing this country and eliminating the so called middle class.
Policies either favour Big business, Professionals or Unions. The underlying motives of most studies by the so called think tanks make me puke.

Our tax laws and government schemes more and more favour the rich.
I know lots of rich guys that individually pay no tax. Some are millionaires and get the G.S.T. rebate.
If there was one policy issue that would correct the division it would be simplified tax system.
What we really need is a higher consumption tax and eliminate all the other tax breaks. Let those professionals that dream up this crap find a career that provides something useful to all.
You never hear this promoted.
Bet I scared the crap out of those well off individuals on this blog. I could hear there minds shut when this is promoted.

#230 Future Expatriate on 03.27.11 at 10:10 am

I don’t think Canada will elect Harper again. The majority of Canadians are too smart. At least, I hope they are.

#231 Live Within Your Means on 03.27.11 at 10:25 am

A couple of good cartoons from Bruce MacKinnon. No wonder he wins international awards.

http://i66.servimg.com/u/f66/11/16/56/81/brucex10.jpg

and

http://thechronicleherald.ca/brucemackinnon/mackinnon-cartoon-2011-03-27

#232 Fake "sold sign" and no for sale signs? on 03.27.11 at 10:34 am

#227 Scared in Vancouver

The same thing happened with a house near to me (GTA). The funny part it wasn’t even on MLS it had a sold sign in late November after a day or two. Driving through that area in mid January it had a for sale sign so I looked on MLS where it was showing as a power of sale. I don’t even know if it sold since they took the sign down after a month. SIL is looking for a house and she asked me why do 80% of the homes she is seeing have no for sale signs? I brought up this point months ago here as I noticed countnless homes on the MLS but no for sale sign on the lawn. It seems the government needs to have someone watch these people. IMO Fraud/Deception is being perpetuated on the public.

#233 Ret on 03.27.11 at 10:36 am

Please add “None of the above” to the ballot in all federal, provincial and municipal elections. These elections have not been about any meaningful issues in Canada for the last decade. It is all about power and getting re-elected.

“Ballot box democracy is for donkeys,” (Ghadafi.)

#234 Andy In Vancouver on 03.27.11 at 10:40 am

#148 Northern_dirt

Yes, the guy with the Movember moustache and the Johnny Depp lip fuzz thing. Slap on some groovy sideburns and we’re good to go.

#235 Daisy Mae on 03.27.11 at 10:43 am

“And it was Mr. Harper who enshrined that Quebec is a ‘nation.’ There’s lot of blame to spread.” — Garth

By so doing did Harper assist Quebec in their goal — taking this ‘nation’ one step closer to separation?

#236 GregW, Oakville on 03.27.11 at 10:55 am

Hi #201 bridgepigeon, Thanks, yes…. I had my silver filling removed, by a dentist with proper safety equipment in place, venting, dental dams, told to take sustain anti-oxidants before, just in case. Have you seen the smoking teeth video yet? http://www.iaomt.org/
So between constant heavy metal exposer from my moth or a little mostly stable BPA were the choice I had then. (Are you sure they all have it?)

BPA, is not good either, but between the two. I reduce exposer I use stainless water bottles when out hiking. Anyone know if they still allowing food cans to be lined with it? Or on the paper used in cash registers? Is there a safe replacement? Whom will decide, I hope it’s not the H’s Health Canada, especially if they still think H2O F is safe! They’ve lots creadability with me.
We should go back to glass to storing food. How can we get glass factories and fruit bottlers to came back to Canada? Were are beer bottles from now?

Incidentally, BPA was invented in the 1930’s as a possible estrogen replacement hormone. Better stuff was fund so the recipe for BPA went back into the chemistry books, until the 1950’s and plastic was invented. That’s what a PHD speaker at the UofT, “World fluoride conference, it’s effects on the brain and soft tissue of the body’ told us anyway. I’m still straggling with refraining from post too much F stuff here for G. So I’ll leave out that F info site link.

#237 zimmerp on 03.27.11 at 11:15 am

I am not sure why we even vote anymore.

My feeling is that these guys really do not care about the people (at least most don’t) and it is always about the power grab…

Pigs at the trough…

#238 GregW, Oakville on 03.27.11 at 11:23 am

Garth, re: The Queen. — Garth

Might you be able to tell me;

If an independent or even a party banner person was voted in to be MP by there constituants. Must they pledge allegiance to the Queen to site as an MP.
Could they just be pro-actively and answers back that they pledge allegiance to the people of Canada and our Constitution.
Is there some law forcing them to do the Queens bidding instead of the Canadian people?

#239 Brian Marlatt on 03.27.11 at 11:28 am

The ballot question is going to be this: Who do you trust to stand up against the neoconservativism that brought us the recession, the provincialism that is dividing Canadians, the continentalism that is stealing our birthright and our sovereignty; whom do you trust to stand up for our institutions, to allow parliament and parliamentary democracy to work? The answer is not the party or the politician whose disdain for Canada, democracy and parliament arrogantly would replace”The Government of Canada” with “The Harper Government.” The ballot question is: “Who will give Steve the Heave!”?

#240 eddy on 03.27.11 at 11:38 am

I agree that voting is a waste of time. Tie their hands if possible. We are not governed from Ottawa, we are RULED by London, so is USA. The left and right are the same thing. Anthony Sutton wrote great books about the financing of the Russian Revolution and the Nazis.
Communism, Socialism, and free market capitalism are illusions created by MONOPOLY CAPITALISM

here is a good coast to coast show with David Ike explaining who runs the world, the second half goes into
alternate energy

http://www.youtube.com/watch?v=hw9GaRMOWKY&feature=player_embedded

#241 Utopia on 03.27.11 at 11:38 am

#208 Throwstone wrote….

“Clearly you misintepret the current state of our economy. Several reports have shown most Canadians are on the razor’s edge with personal finance.

Gorging on Debt to uphold the illusion of wealth through Real Estate is clearly not the path to prosperity, as Garth has adamantly maintained”
———————————————————-

I agree with you Throwstone. You are absolutely right to worry that this debt-fueled drunken binge will have negative consequences for Canadians.

I think you are mixing apples and oranges though. My remarks were related to the broad actions of Government at the macro level whereas your concern is with “personal” indebtedness of individuals.

I think we could both agree that personal responsibility plays a big part in the debt picture of the country but that it is not the role of government to manage individual decision making and household budgets. If it were we would be a communist state and ration coupons would be the order of the day.

The rules at CMHC may have been relaxed to allow expanded home consumption but who can be accountable for private speculation, flipping, ownership of multiple homes for investment purposes, the cottage set etcetera? There is still such a thing as exercising ones personal judgement especially when it comes to major decisions like home ownership.

At what point do we question the greed motive and opportunistic nature of property investors who have only ever seen the prices of property rise?

Spend some time in Vancouver and try to get through even one conversation without the other party telling you all about how much their house has increased in value, about the new cars, the holidays abroad, how big the LOC is etc etc.

It gets to be exhausting because it seems almost everyone is wholly consumed by the greed factor. They don’t just seem drunk on the increased values of their properties, their minds are actually polluted by it. I have a place there too. So what. It is still just a house to me and it is pretty much paid off.

I do not have much sympathy for those who have over-extended on debt and will likely turn around and want to blame everyone else for their troubles when a correction eventually materializes. These people enjoyed the ride up while profit opportunity abounded and so they should also accept the consequences on the trip down if they held on too long.

This whole past year the media has been absolutely filled with stories about the risks of owning real estate at this time, about the extreme levels of debt Canadians carry and about why caution should be the byword. They have done an outstanding job in getting that message out of late.

So don’t blame government for every personal decision. We all need to practice accountability in our own homes and with our individual finances. That means using our heads, making prudent financial decisions for ourselves and acting like adults, not a bunch of whiny children who are not getting there way all the time.

#242 GregW, Oakville on 03.27.11 at 11:51 am

Garth, re: your tam pics.

Your pics are nothing! You can’t imagine what I just witnessed out side my window.
Is there no more sham in this word, no more morals compass?

There they were right outside beside the pubic walkway, often kids travel by, in bright daylight no less, fornicating!

I was so shocked my jaw dropped. Never mind getting the camera or anything like that.
If Chip and Dale tried anything like that at Rat World in front of the kids. I’m sure they’d be in jail.

Dam them, how dare they, those frisky squirrels. lol ;)

#243 Cellar Dwellar on 03.27.11 at 12:08 pm

@ #174 Scare Crow
Wow! I thought I was good at “ripping people a new one….” Great rebuttal!
I just love the employees that ALWAYS push the limit with tardiness, sick days, lousy work and then are genuinely shocked when you call them on their “performance”… ” Me?But,but,but I work HARD !”
My reply,”Then go work hard for someone else.”
The Best reply I ever heard from a supervisor when an employee was asking for a raise after his wife gave birth to their SEVENTH child because he needed more money to feed the brood.
Employee, ” God blessed us with another child however I need more money to raise my family”
Employer, ” Then ask God for a raise.

#244 Adventures in Sea-Tac with Moneta on 03.27.11 at 12:09 pm

229 SAD

“What we really need is a higher consumption tax ”

Well worth further discussion. Usually only argued academically. If we were to base tax revenues only off
consumption we would eliminate income tax,
encouraging people to maximize income (as opposed to accountants minimizing it) and encourage them to save (no tax on interest, cap gains, dividends). Different kinds
of goods/services could be taxed at different rates (food
low, SUV high?) to reflect some fairness in the system.

Garth – as former Min of Rev has this ever been
considered or are you sworn to secrecy?

#245 Cellar Dwellar on 03.27.11 at 12:22 pm

@ #190 More Like 20 Years ago
20 YEARS ago ! Is that how long ago Canada “bought those used subs!!!!!!
Just curious, how long were they “retrofitted”(rebuilt) before they started sailing? 10 years ?

#246 Macrath on 03.27.11 at 12:36 pm

#235 Daisy Mae

Garth was one of only 16 MPs who voted against the motion. Harper was after Quebec votes and it backfired on him big time. I suspect the Bloc has more to do with, give us more billions or else, than separation. Sad when you have only 16 spines in a whole government.

#247 Utopia on 03.27.11 at 12:48 pm

To Oasis:

This is in regards to your comments to me last week that the US Dollar was about to implode and crash despite my contention it was set to rise and where you asked rather sarcastically “how is that working for you”?

I suggest you read the following article found at Zero Hedge today. It discusses the refusal of the Irish Government to accept the terms of debt being imposed on them by Senior Bondholders. I can assure you that should Ireland repudiate it’s senior debt that the Euro/US Dollar trade will be set for a considerable reversal.

That means the dollar is about to bounce exactly as I predicted and that the Euro will soon fall (starting pretty much any day now).

So how is that working for you smart ass?

http://www.zerohedge.com/article/nash-equilibrium-fail-ireland-wants-bondholder-haircuts

#248 eaglebay on 03.27.11 at 12:54 pm

#229 Sad

Tax break fork the rich.
The rich pay more taxes than anybody else.
Name one tax break that is not available to everyone.

#249 S.B. on 03.27.11 at 1:16 pm

About the Queen, I heard that all three of Prince Phillips’s sisters married high-ranking nazis.
Indeed this apparent fact is even mentioned on Wikipedia. Keeping it in the family business.

Here is one of his sisters:
http://en.wikipedia.org/wiki/Princess_Cecilie_of_Greece_and_Denmark
Who Married this guy, if you click through their names:
http://en.wikipedia.org/wiki/Prince_Christoph_of_Hesse

“Christoph of Hesse was a high ranking Nazi. He was chief of Hermann Göring’s secret intelligence service, an aide to Heinrich Himmler and a member of the Schutzstaffel (SS).[1] He was also a Major of the Luftwaffe during the World War II.

Christoph married Princess Sophie of Greece and Denmark on 15 December 1930 in Kronberg im Taunus, Germany. Princess Sophie was the youngest daughter of Prince Andrew of Greece and Denmark and Princess Alice of Battenberg, and the sister of the future Prince Philip, Duke of Edinburgh.

—–
And of course grandpappy Prescott Bush helped a bank to fund the nazis, and then the nazi perps were spirited away wih free passage to South America (where Bush Jr bought property) and to USA in operation Paperclip:
http://en.wikipedia.org/wiki/Operation_Paperclip

But we “won” right?? Europe was plunged into decades of brutal commmunist rule, and we did not lift a finger, right?

And USA has suffered under decades of Bush (and clinton) rule: Bush Sr. was CIA head, then President, then Bush Jr. President. Bill Clinton, and now Hillery Clinton.

The point to realise is, there is no us and them. There never was. WW2 was a collaberative effort between the elite families. The tiny country of Germany, destroyed by WW1 sanctions, was well-funded and supplied, enough to take on the whole world! Imagine, a tiny country. Who dun it? The bankers did.
The elites’ armies clashed, we suffered the deaths, and the winner rules us currently. Stranger than fiction? You mean our fictional history books?
Today the USA serves the de facto position of a Germany, invading many countries.

Europe today is under the complete control of the EU (they tried this tactic unsuccessfully in 1939. Today’s WW3 is ushering in similar nation-building (destroying) in the Middle East. Keep believing the breathless yarns on tee-vee about boxcutters, “terrorists”, and insurgents.
They used the sames lines in WW2 to wipe out the Jews, and today the target is Muslims. Are we next? Yes.

#250 Daisy Mae on 03.27.11 at 1:26 pm

Check out “BILL MOYERS JOURNAL | William K. Black | PBS” on Inside Job – Exposing economic crisis shocking truths

To view this video, visit:
http://www.insidejob.com/video/video/show?id=6273742%3AVideo%3A61606

#251 Daisy Mae on 03.27.11 at 1:52 pm

Bill Moyers From Wikipedia

Bill Moyers (born June 5, 1934) is an American journalist and public commentator. He served as White House Press Secretary in the United States President Lyndon B. Johnson Administration from 1965 to 1967. He worked as a news commentator on television for ten years. Moyers has had an extensive involvement with public television, producing documentaries and news journal programs. He has won numerous awards and honorary degrees. He has become well known as a trenchant critic of the U.S. media. Since 1990, Moyers has been President of the Schumann Center for Media and Democracy. He lives in New York City, New York, United States.

#252 Daisy Mae on 03.27.11 at 1:55 pm

William K. Black From Wikipedia

Born October 6, 1951(1951-10-06)
Occupation Lawyer, academic, author
former bank regulator
Known for Developing the concept of “control fraud”

William Kurt Black (born 6 September 1951) is an American lawyer, academic, author, and a former bank regulator.[1] Black’s expertise is in white-collar crime, public finance, regulation, and other topics in law and economics. He developed the concept of “control fraud”, in which a business or national executive uses the entity he or she controls as a “weapon” to commit fraud.

#253 GregW, Oakville on 03.27.11 at 1:59 pm

Hi #201, re: I’m still straggling. Should have been, I’m still struggling.

#254 how spellcheck works on 03.27.11 at 2:06 pm

Hey GregW from Oakville.

Dotted red lines means the words you’ve typed are spelled wrong. Which makes it kind of hard to figure out what you are trying to say.

That is all.

#255 Timing is Everything on 03.27.11 at 2:11 pm

Garth – said “I’ll never go back. Both main parties have lost their way. Conservatives have become Liberals. Libs have failed the middle class. Socialists are spent and Greens have squandered. This election is a good example. It’s about nothing.”

Garth, I have not voted in 15 years or more (at any level)…Will not this time ’round either. When there is a ‘None of the Above’ I will be out to vote….with bells on.

Now, am I part of the problem or the solution?

We need the ‘Reset Button’ pushed. IMO.

‘Regular’ folks ain’t playing much anymore. There is a reason for that. Oh, the old farts will go out and vote en masse, but what of the 18 to 32 year olds? We are slowly failing, as a country/society. Like the ‘Harper Government’…It’s my way or my way…you have a choice, Pleb. (Same goes for the Liberals, but they’re a little more subtle about the whole affair.) Same coin, heads or tails…blah, blah.

“It’s about nothing.”

#256 BrianT on 03.27.11 at 2:58 pm

#211Utopia-The MSM did an excellent job of burying the story-I guess you have already forgotten.

#257 Dorf on 03.27.11 at 3:06 pm

Ha ha ha….OK, well SOME women aren’t for decoration !

God, with a face like that she should be in an oil change pit, greasing trucks. That way we don’t have to look at that mess. Sorry, but if you are going to go to great lengths to point out that you are ugly, how else am I to respond ?

I WAS just going to ignore the fact, but now that you have a sign…

#258 Dorf on 03.27.11 at 3:10 pm

Garth, it IS freedom. Lap it up.

I hereby decree that I will abstain from voting until such time that I have confidence in any candidate.

Just like the last 3 times.

#259 Oasis on 03.27.11 at 3:18 pm

#247 Utopia on 03.27.11 at 12:48 pm

So how is that working for you smart ass?
________________________________________

the USD has headed straight down, not up. you’ve been wrong, you continue to be wrong. the facts speak for themselves. showing me a link from Zero Hedge won’t change that. only an idiot believes the USD will go up.

#260 Nemesis on 03.27.11 at 3:55 pm

#245 Cellar Dwellar….

This may help….

[WikiPedia] – HMCS Victoria (SSK 876)

http://tinyurl.com/66xfj4a

PS – or as we ‘old salts’ were wont to say, ‘Never buy a used boat from a Spiv!’…

#261 David B on 03.27.11 at 3:55 pm

All intent and purpose the election is over because Canadians have jumped on the Winds of War Wagons …we all knew Harper & Co we pissed off Canada did no go into Iraq and now we can not wait to jump into anything military eh. And King Steve is #1 in polls with MSM still on there hands in knees awaiting for the word “Rise” rise and spread my words … we here a friendly reminder:

Conservative Canadians Speak Out!
Wall Street Journal | 3/28/03 | Stephen Harper, Stockwell Day
Posted on Sat Mar 29 2003 22:27:55 GMT-0300 (Atlantic Daylight Time) by FreedomNotSafety

Canadians Stand With You

By STEPHEN HARPER and STOCKWELL DAY

Today, the world is at war. A coalition of countries under the leadership of the U.K. and the U.S. is leading a military intervention to disarm Saddam Hussein. Yet Prime Minister Jean Chretien has left Canada outside this multilateral coalition of nations.

This is a serious mistake. For the first time in history, the Canadian government has not stood beside its key British and American allies in their time of need. The Canadian Alliance — the official opposition in parliament — supports the American and British position because we share their concerns, their worries about the future if Iraq is left unattended to, and their fundamental vision of civilization and human values. Disarming Iraq is necessary for the long-term security of the world, and for the collective interests of our key historic allies and therefore manifestly in the national interest of Canada. Make no mistake, as our allies work to end the reign of Saddam and the brutality and aggression that are the foundations of his regime, Canada’s largest opposition party, the Canadian Alliance will not be neutral. In our hearts and minds, we will be with our allies and friends. And Canadians will be overwhelmingly with us.

But we will not be with the Canadian government.

Modern Canada was forged in large part by war — not because it was easy but because it was right. In the great wars of the last century — against authoritarianism, fascism, and communism — Canada did not merely stand with the Americans, more often than not we led the way. We did so for freedom, for democracy, for civilization itself. These values continue to be embodied in our allies and their leaders, and scorned by the forces of evil, including Saddam Hussein and the perpetrators of the attacks of Sept. 11, 2001. That is why we will stand — and I believe most Canadians will stand with us — for these higher values which shaped our past, and which we will need in an uncertain future.

Messrs. Harper and Day are the leader and shadow foreign minister, respectively, of the Canadian Alliance

#262 realpaul on 03.27.11 at 4:03 pm

Jack ( redbone ) Layton scolds Tories on high taxes…..

http://www.vancouversun.com/health/leader+Jack+Layton+hammers+Tories+over+Surrey+visit/4511707/story.html

Bwahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaaaaaaaaaaaaaaaa.

#263 45north on 03.27.11 at 4:19 pm

S.B. WW2 was a collaberative effort between the elite families.

Collaborative fiction is a form of writing by a group of authors who share creative control of a story.

http://en.wikipedia.org/wiki/Collaborative_fiction

If you were writing fiction you would say “WW2 was a collaborative effort among the elite families”.

Since presumably there are more than two elite families.

#264 AG Sage on 03.27.11 at 4:25 pm

#224 Pat on 03.27.11 at 1:53 am
#173 Live Within Your Means wrote:

Not wealth redistribution as in spreading the money around, but taxation to pay for infrastructure. There is an important difference there. Education, sewers, water, roads. Society had a terrible time advancing at all when half the population of a given city died every 8 years from cholera outbreaks. (And, indeed, preventing cholera was what began the modern era of public funding for infrastructure and regulation.) Libertarians, for some bizarre reason, have this ideal of a glorious society living in its own filth. No idea why.

#265 NotAGreaterFool on 03.27.11 at 4:28 pm

Hey Garth, Carney say’s “This time it’s different”

Macleans has the article:

http://www2.macleans.ca/2011/03/26/carney-this-time-its-different/

Here’s an extract:

(Regarding commodities booms/busts) …whenever 10-year average rates of return climb above 10 per cent, you’re into the danger zone, and as of a few weeks ago, we’d hit 12 per cent, according to Hackett Financial Advisors.

But Carney says this is a Supercycle, so the old rules don’t apply. His analysis seems to stand in contrast to his colleague at the Bank, Deputy Governor John Murray. Last year Murray warned against expecting commodity prices to keep going up forever: “If history is any guide, continuous rapid upward movement in real prices – oil or otherwise – is unlikely, as is a large permanent increase in the real price level.”

So who’s right—Carney or Murray?

#266 Devore on 03.27.11 at 4:49 pm

#246 Macrath

Garth was one of only 16 MPs who voted against the motion.

What was the bill #?

#267 SAD on 03.27.11 at 4:50 pm

To:#248 eaglebay on 03.27.11 at 12:54 pm
#229 Sad

Tax break fork the rich.
The rich pay more taxes than anybody else.
Name one tax break that is not available to everyone.

Thanks for proving my point. Tax breaks are not fair. Just because they are available does not mean low or middle class can take advantage of them.
What data do you have to prove that the rich fairly pay proportionate to income including all there perks?
It is impossible to track.
Those tax breaks destroy your argument and you know it.
I wonder how National sports, dining or country clubs would do if the corporations could not deduct the expense?
How about road tolls? Bet they would not be so popular.
Taxes and deductions are skewered to one segment of society and are not available to the majority.

#268 45north on 03.27.11 at 5:04 pm

families

#269 Hoof-Hearted on 03.27.11 at 5:05 pm

#228 March of the Pigs

So,…… what is your day job…..Iggy or Jack Layton ?

#270 Siddelly on 03.27.11 at 5:08 pm

Well Garth, The Mainland Chinese are keeping up with their reputation. The Professor managed to find a single bid offer for almost 2.5 on the Point Grey corner lot after only 10 days on the market. Did she truly time the top of the bubble? Only in hindsight will we know for sure, but this sale will surely help to skew the Vancouver sales statistics.

#271 rob madrid on 03.27.11 at 5:13 pm

I still plan to vote conservative, like I always have

#272 Djoko on 03.27.11 at 5:19 pm

So, real question is to vote or not?

Iggy or Steven are both playing politics. Still, majority of any, especially by Steven, would be the worse. Although wasting $300 million, much more shall be wasted if Steven wins majority.

Gart … pls do not give up. Educate those masses so that couch potato ones stay home and those who think get out to vote ….

#273 VICTORIA TEA PARTY on 03.27.11 at 6:25 pm

#13 TheBigLebowski

I believe that your comment is right on the money.

As we slog through this unneeded federal election campaign (featuring the Zombie Opposition parties), we must understand Canada’s economic standing in the world: small spuds; important spuds, yes, but still small, less than 2 per cent of the world’s GDP or some such.

So how much power do we have to protect our way of life from the economic hurricane overewhelming us?

Mr. Lebowski’s point about the fleeting effects of austerity and other related measures is disturbingly true.

That’s because the blizzards of manufactured currencies roiling about will have a savage outcome when the music (QE 2 printing) stops. And QE 3, quite simply, cannot happen, because there are too many unknowns still not answered with the first two QEs. When the music stops, investors everywhere will get a royal burning for sure.

The Zombies that this stimulus has created will prove to be a major ADDITIONAL reason for what I believe will be an awesome lengthening of this already prolonged economic downturn.

It too must be recognized that Japan’s numerous perilous situations ALSO play into our future economic degradations, but the details have yet to be worked out. And worked out they will be.

Check out the nuke problem there, as one for instance. Apparently there are no nuclear accident policy manuals yet published that can deal with what’s going on inside those more or less destroyed reactors.

The folks there are apparently making it up as they try and stop those monsters. That’s according to an interview CNN conducted with a nuclear science expert today. The chap predicted two total meltdowns and other disasters whose various effects will linger for a very long time.

My sincere hope is that our election campaign won’t be a total waste or place Canada in some further economic danger.

My suggestion is that ALL eligible voters turn out this time. Send whatever message you want, but please send the damn message! Then we can have some national focus on the real issues of our time.

#274 Jody on 03.27.11 at 6:28 pm

“Get your facts straight. MPs are pensionable after 6 years of service at retirement age. Less than 20% make it. I served for nine years, which necessitated three years of unpaid campaigning, and my pension is $26,000. (I donate it.) This is not what motivates most people. Maybe you, but not those who run for office. — Garth”

Very true, in fact most politicians make their shit load of money when they are finished in office and are on various boards etc. but again, very few see that big payday. No, people go into politics beause they want to improve things, I honestly believe that, but, they eventually get corrupted by the corrupt and soon they care only for power and lording it over other people, period.

Even though it’s not a “Canadian,” example here is an article that shows the utter contempt and stuck up snot nosed attitude politicians and those who work with them have for the average citizen.

http://www.dailymail.co.uk/news/article-1370343/Pregnant-woman-told-seat-Gordon-Brown-fly-BA-Club-Class.html

Seriously, these pricks will end up sending their fellow man to the gallows or will punch them in order to get something so they can survive, they actually think they are more important/more valuable to society than you are. That is what really sticks in my caw. I can totally see these kinds of pricks getting fed and watered when the shit hits the fan because we have abdicated so many of our responsibilities to the government that we have willingly handed over that kind of power to scum like them. I’m glad I wasn’t on that plane because if I had been I’d be in jail right now. People need to stop putting up with this bullshit, now.

Politicians need to seriously have their powers reduced. I think the federal government needs to be cut by at least 90%, if they continue to exist then they deal only with the RCMP, some form of voluntary military, the odd international relationship and courts, thats it. No goddamn governer general (what is the point of having that position?), no CPP, no EI, no department of agriculture, assisted human reproduction, atlantic canada opportunities agency, etc. and those are just the departments under the letter “A.”

Lets regulate the shit out of everything because we can then have a government department to take care of it. This means my brother Lenny in Halifax gets a job and my sister in law Susan out in FlinFlon gets a job to. The sad thing is voting in the upcoming federal election is going to do all to change any of this, their all the same, only difference is which toilet they shit my money down.

#275 Live Within Your Means on 03.27.11 at 6:57 pm

#264 AG Sage on 03.27.11 at 4:25 pm
#224 Pat on 03.27.11 at 1:53 am
#173 Live Within Your Means wrote:

Not wealth redistribution as in spreading the money around, but taxation to pay for infrastructure. There is an important difference there. Education, sewers, water, roads. Society had a terrible time advancing at all when half the population of a given city died every 8 years from cholera outbreaks. (And, indeed, preventing cholera was what began the modern era of public funding for infrastructure and regulation.) Libertarians, for some bizarre reason, have this ideal of a glorious society living in its own filth. No idea why.

………………..

Please don’t attribute to me something that originated from Moneta.

#276 donmarbboy on 03.27.11 at 6:59 pm

“Conservatives have become Liberals”

Well there’s a propagandist statement if I ever saw one.

#277 Hoof-Hearted on 03.27.11 at 7:01 pm

“Get your facts straight. MPs are pensionable after 6 years of service at retirement age. Less than 20% make it. I served for nine years, which necessitated three years of unpaid campaigning, and my pension is $26,000. (I donate it.) This is not what motivates most people. Maybe you, but not those who run for office. — Garth”

=======================

100% true..except for the leftie NDP types who wouldn’t last a day in the real world.

As I had posted a while back Harper held off on a vote in 2010 (?) that may have forced an election and possibly compromised the pension entitlement that many MP’s had if such an election writ was dropped.

Pigs at the trough now and then…but kudos to Garth for donating his 30 pieces of silver.

#278 Timing is Everything on 03.27.11 at 7:05 pm

#249 S.B.

Of perpetual war and F-35’s…

All rulers in all ages have tried to impose a false view of the world upon their followers. [Nineteen Eighty-Four]

http://en.wikipedia.org/wiki/Perpetual_war

http://www.youtube.com/watch?v=mtlME2Ef_vA
———————————————————-
“If anything, this UN-sponsored mission [Libya] raises new questions about the wisdom of buying 65 of these Lockheed-Martin “Joint Strike Fighters,” which are still in the test phase.”

Just consider the record of the past 66 years, right back to the end of the Second World War.

“Here’s the number of fighters we’ve committed to the five conflicts we’ve been in:

Korean War (1950-53), none. Gulf War (1991), 24. Kosovo (1999), 18. Afghanistan (2001-2011), none. Libya (2011), six.”

http://www.cbc.ca/news/world/story/2011/03/23/f-vp-stewart.html
————————————————————
I’d rather buy ski-doos [Bombardier] for Québécois. It’s cheaper and more Canadian-ish…Kinda. Ski-doos are still made in Canada, aren’t they?

http://www.torontosun.com/news/canada/2011/03/14/17613371.html
————————————————————-

Ahhh…Ice cold sno-cone. Brain freeze or is that Slurpee headache…

#279 Moneta on 03.27.11 at 7:09 pm

I don’t understand why everyone is so preoccupied with taxes anyway when EVERYONE is taking in more than they pay.

You don’t believe me? The proof is in the deficit and the national debt.

I’m so sick of people spending more time finding ways to minimize taxes and complaining about them than working towards making the world a better place.

#280 Utopia on 03.27.11 at 7:30 pm

#259 Oasis

Laughing my ass off. You are out there after all…!!!

#281 45north on 03.27.11 at 7:44 pm

Jody: no department of agriculture, assisted human reproduction, atlantic canada opportunities agency, etc. and those are just the departments under the letter “A.”

35 years in the Federal Civil Service has shown me its enormous cost but also the dedication of many that work there. One of the biggest wastes is Treasury Board’s common-look-and-feel

http://www.tbs-sct.gc.ca/clf2-nsi2/index-eng.asp

what a waste! It basically distracts people who are trying to communicate with the public while requiring its own set of bureaucrats. One set of civil servants is paid to police another set. The people with whom I work are dedicated and don’t need their help.

One possibility would be to reduce everybody’s salary to $50,000 and then see who stays.

#282 Nostradamus Le Mad Vlad on 03.27.11 at 7:46 pm


#240 eddy — “I agree that voting is a waste of time.” and #249 S.B. — “Europe today is under the complete control of the EU (they tried this tactic unsuccessfully in 1939.”

Both terrific posts. The Eurozone / IMF are under the control of the Rockefellers, Rothschilds along with The Gates Foundation, Brzezinski, Soros, Ted Turner and a few others, all of whom are pushing for depopulation via global war, vaccinations, carbon taxing the hell out of sheeples, ‘quakes and volcanoes via HAARP.

Obama and Harper are their sock puppets on the public scene, fall guys who are expendable, as all of us are.

#274 Jody — “People need to stop putting up with this bullshit, now.”

Toss Gordon Brown into a trashcan and let that SOB rot. That’s what he deserves for his [leadership]. Guess where Harper is? In the same bin.
*
7:10 clip Evidently, Japan is evacuating. Mass. Low-level radiation of Fukushima. US nuke storage slightly out of kilter.

A Further Reason “This was the same reason in 1953 that the CIA overthrew Mohammed Mossadegh in Iran.” wrh.com. Remember, Petro-Canada gave Libya a $1 bln. cheque in 2007 in exchange for a 30-year lease for their oil. Now we’re bombing the crap outta them. 2:12 clip US General states the obvious.

5:30 clip Jon Benet Ramsey. “If MSNBC is trotting out the Jon Benet Ramsey case yet again, then there is something they do not want you paying attention to right now!” wrh.com. Straits of Hormuz (Iran), perhaps Libya?

Billions for wars, and people are helping to ensure motel kids don’t go hungry. Warped priorities?

Nuke meltdowns How many? “I am also concerned about initial reports of cooling system failure at the Tokai-2 reactor near Ibaraki followed by total silence.” wrh.com.

Unique Guess that’s why this site was shut down. “Needless to say, this is a violation of the First Amendment! Here is what they did not want you to read. The US Government intends to steal the gold and silver that backed up the paper Liberty Dollars, in order to protect the Federal Reserve Notes, which are backed up by nothing but thin air and wishful thinking.” wrh.com, and Enemies Of The State 1933 all over again. See above.

Sarkozy “World War III, anyone?!? Because Russia and China will ultimately intervene in the wake of the West’s grab for oil, and both countries are nuclear-armed.” wrh.com. Yes, because the US wants it as it is bankrupt, financially and morally. Libya Subhead says it all.

Tapping into one’s pension doesn’t lead to an adequate life in retirement.

Pakistan Changing sides. Going with China, dumping the US. India, Pakistan, NKorea and Israel are not NNPT members, and all have nukes.

#283 Macrath on 03.27.11 at 8:05 pm

#266 Devore
What was the bill #?
————————————

I guess that`s privileged information. ungoogleable !

Library of Parliament
No information available at this time.

#284 GenXer on 03.27.11 at 8:06 pm

Hi Garth,

This post really bothered me. I understand that you have had a difficult political experience that has shaped your perception of politics in this country.

Still – there is NO room to believe that politics is irrelevant and that our right to vote doesn’t make a difference. Quite the contrary – if something is important to you, NOW is the time to go out and talk about it.

Where are the youth? – they need jobs and social programs to help them succeed, but we are failing them.

Where are the boomers? – they have nothing saved for retirement and no preparations have been made for them.

Where are young families? No income splitting, no universal daycare, two income needed to make economics work in the home.

If you care about any of these things, the next 5 weeks is your time to DO something about it. Or you can sit back, take an apathetic stance and say that your vote doesn’t matter.

Guess what? If that is your attitude, your opinion shouldn’t matter.

Get out and vote. It’s what millions in Tunisia, Libya, Egypt and Bahrain are giving their lives for. If they don’t inspire you to try and make Canada what you want it to be, we’re doomed.

#285 The US is finished. Canada??? on 03.27.11 at 8:06 pm

19 Facts About The Deindustrialization Of America

http://pecangroup.org/?p=1107

#286 Dodged-A-Bullit-in Alberta on 03.27.11 at 8:11 pm

Greetings: Had another phone call from a pollster wanting to know how I felt about the Alberta economy. Wasn’t interested in why , just looking for answers on a scale of 1 to 10. After a short time, I told him to “stop wasting my fucking time” and I hung up. Felt good!!!

#287 Adventures in Sea-Tac with Moneta on 03.27.11 at 8:21 pm

267 SAD “What data do you have to prove that the rich
fairly pay proportionate to income including all there
perks?”

Not sure what percs you speak of but for Ontario 2011 total personal income tax for following incomes is:

$30K – 13%
$65K – 21%
$130K – 31%

http://www.walterharder.ca/MarginalTaxRateCalculator.asp

#288 JRH on 03.27.11 at 8:33 pm

Don’t vote people. Keep the parties from receiving that $1.50-$2.00 per vote. Maybe we can break the buggers, haha.

#289 Joseph [original] on 03.27.11 at 9:15 pm

I hate to say it but based on Governor of the Bank of Canada’s statements yesterday, I don’t think there will ever be a marked housing correction in Canada. He states the international commodity boom will go on indefintiely. If this is really the case, then the Canadian economy will be the primary beneficiary of this shift in globalization. And if we are the primary beneficiaries, this translates into a steady stream of investment, growth, and jobs to this country, and the likelihood of a severe real estate crash is NIL. Real estate prices will therefore either flatline or marginally decline over the course of the next few years. I hate to say but it’s over. We were wrong.

Care to bet? — Garth

#290 NorthOf49 on 03.27.11 at 9:22 pm

Fake sold sign?…

http://www.vincedelvecchio.com/Silver_Listings.asp

perhaps, but maybe you couldn’t sell it and now you’re trying to rent it out instead….

http://www.realtor.ca/PropertyDetails.aspx?&PropertyId=10124035&PidKey=-1081049761

but I could be wrong

#291 simkev on 03.27.11 at 9:24 pm

Scarecrow

Calm down buddy … and thanks for the ego boost. No genius here … You are the one that told the story about how your employees “crossed the line” and that the only way to move forward was to show them “who was the boss”
You said that you let your best employees go ….and I said you were a genius … and you thought I was making fun of you!
Hell what do I know, you are the smart business owner that fires his best employees to make himself think he is in charge!
The reason I am interested and commented is because poor business owners = poor economies.
Canada’s success is mostly dependant on strong, well run businessess that are moving with the times and providing a positive influence in the community, for your customers and employees alike. Your own description of your own behaviour is telling about what kind of a business you are running … Just like S.Harper’s behaviour is telling about what kind of caucus he run’s. I would have no part of either.

just saying bud!

#292 All is knowledge. on 03.27.11 at 9:26 pm

Well,well we have a federal election and it seems all Harper wants to talk about is coalition of the future not the past. Harper and his neo Cons are at it again lying to Canadians and hoping that Canadians will vote them in. Canadians should remember that only the Liberals under Paul Martin balanced the budget and left a huge surplus that Neo Cons squandered on big business and big banks, while leaving many Canadians in huge debt by CMHC policies of allowing people with no money to buy house at crazy high prices. Vote the bumbs out.

#293 jas on 03.27.11 at 9:40 pm

GenXer, #284
Your views are understood..but who is worthy of our vote?
No one should be under any illusion that whichever party comes to power will care about you, me and the other 31 million of this cuntry.
This system needs to be overthown…nothing short of that will cut it. The sooner we realize the better.
I thought that the American voters are brain dead, seems like we are not much different here.
Why can’t we think beyond a year or so?