$this->bbcode_second_pass_quote('MrBill', '
')$this->bbcode_second_pass_quote('', 'T')he top 10 soundest banking countries are as follows:
Canada (6.8 )
Sweden (6.7)
Luxembourg (6.7)
Australia (6.7)
Denmark (6.7)
Netherlands (6.7)
Belgium (6.6)
New Zealand (6.6)
Ireland (6.6)
Malta (6.6)
PeakOil is You
The Gloom Spreads North
67 posts
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Re: Hey, I thought Harper said Canada had no economic proble
by Snowrunner » Fri 10 Oct 2008, 10:56:42
source: Canadian banks the soundest in the world:
As you can see Iceland is not ranked number 9. And everyone who knows anything about anything knew that Iceland had financial troubles. I guess you're not a member of that club as you do not know the difference between a credit rating and a ranking.
Oh come on, they are serving the same goal: To give people confidence in who they give their money to. That you want to pretend they are something else.....
And BTW, even with your List... Fortis oh Fortis where are you?
Oh yes, there in your List Mr. Bill on 3, 6 and 7.
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Re: Hey, I thought Harper said Canada had no economic proble
by MrBill » Fri 10 Oct 2008, 11:12:06
I suppose the Dutch-Benelux take-over of Fortis is Mr. Harper's fault, too?
Come on we are in the middle of a global financial crisis. Possibly the worst since The Great Depression. Neither Canadian banks nor European banks are immune from the effects of the credit crisis or that rapid deceleration of growth in the real economy. To pretend otherwise is foolish.
I have no problem if someone wants to vote Liberal or NDP. That is their right. Let's hear their reasons for their choice. But as we are in the midst of incredible financial turmoil, and as Canadians go to the polls in less than a week to choose a new government, for crying out loud let's stop pretending that Stephen Harper is George Bush or that the Conservative Party are the Republicans.
Repeating the same old lies over and over again does not make them true.
$this->bbcode_second_pass_quote('', 'F')ormer President Jimmy Carter said on Friday the "atrocious economic policies" of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s.
Carter told reporters on a stopover in Brussels that "profligate spending," massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.
"I think it's because of the atrocious economic policies of the Bush administration," said the 84-year-old Democrat, who served in the White House from 1977-1981 during a period of high inflation and energy crisis.
Come on we are in the middle of a global financial crisis. Possibly the worst since The Great Depression. Neither Canadian banks nor European banks are immune from the effects of the credit crisis or that rapid deceleration of growth in the real economy. To pretend otherwise is foolish.
I have no problem if someone wants to vote Liberal or NDP. That is their right. Let's hear their reasons for their choice. But as we are in the midst of incredible financial turmoil, and as Canadians go to the polls in less than a week to choose a new government, for crying out loud let's stop pretending that Stephen Harper is George Bush or that the Conservative Party are the Republicans.
Repeating the same old lies over and over again does not make them true.
$this->bbcode_second_pass_quote('', 'F')ormer President Jimmy Carter said on Friday the "atrocious economic policies" of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s.
Carter told reporters on a stopover in Brussels that "profligate spending," massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.
"I think it's because of the atrocious economic policies of the Bush administration," said the 84-year-old Democrat, who served in the White House from 1977-1981 during a period of high inflation and energy crisis.
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
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Re: Hey, I thought Harper said Canada had no economic proble
by some_math_guy » Fri 10 Oct 2008, 11:33:07
$this->bbcode_second_pass_quote('Nickel', '
')Me too. The only thing worse would be a Tory majority government where there'd be nothing at all to stop Harper from "stimulating" the economy by giving his $50 billion in tax cuts to his big business buddies. The only thing that would stimulate would be the boardroom fanny-pats they'd give each other as they stuffed the money in one another's back pockets. Bad enough the "bonuses" they'll soon be giving one another in congratulations for laying off another 1500 employees here, another 2000 there...
')Me too. The only thing worse would be a Tory majority government where there'd be nothing at all to stop Harper from "stimulating" the economy by giving his $50 billion in tax cuts to his big business buddies. The only thing that would stimulate would be the boardroom fanny-pats they'd give each other as they stuffed the money in one another's back pockets. Bad enough the "bonuses" they'll soon be giving one another in congratulations for laying off another 1500 employees here, another 2000 there...
You said it Nickel. Dead on. The only way that those kind of big corporate tax giveaways can continue and nobody say anything about it is if the economy remains white-hot (ostensibly from 'economic incentives' like this), which it has been due to the commodity, real-estate, and financial sector boom in Canada over the past 5 years. Now we're entering a nasty bear market across the board in Canada so the public isn't going to put up with that crap.
Oh and that 'study' about the soundness of banks is rediculous, the ranking was between 1 (requiring government bailout) and 7 (completely solid), and almost every country's banking system averaged a ranking higher than 6 (mimimal risk). Most of the banks that are failing now are in the 6+ category. That's like saying our country's quality of life is significantly better than yours because our population lives to be 81.1 on average and yours lives to be 'only' 80.7. Also, the scores were compiled not by analyzing financial data or anything else, but rather by asking executives what they thought....a HAHAHAHAHAHA.
Ahh junk science - there's always a place for it.
Oh MrBill, the original comment was not intended to blame Harper for the global financial situation. Harper did refuse to acknowledge that Canada is, or shortly will be, experiencing a serious economic contraction during the televised debates, instead characterizing it as a 'stock market problem' that needn't concern the average Canadian. Within days of that messenging, his Finance Minister publicly stated that we do indeed have a problem, and shortly after that there is talk of needing to inject liquidity into Canadian banks. Not to mention the fact that canada is a manufacturing and commodities-based economy. With the USA going down, manufacturing will lose way more than the 400,000 jobs it has already lost, and the oil companies are already starting to sweat about the price of oil. Some tar sands projects are currently producing synthetic crude at a cost of over 65$ per barrel...another dip in oil prices spells contraction and consolidation for the only prospect for oil production growth in civilized North America...oh no!!!!!!!
How could he gloss over and marginalize such a key issue?
Mr. Harper lied to the public about Canada's economic prospects to minimize the issue until after the election. If it became obvious to the Canadian public that his economic policies had little or nothing to do with the meteoric rise in Canada's economic well-being over the past few years, then by golly we might see a Liberal minority on our hands in a matter of days? Can't let that happen!!!!
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