It was without a doubt the most grotesque spectacle the Davos Cozy Capitalist Club had ever seen. As they sat there in their
Bragging about the stability of our banking system, while forgetting to tell them that if it had been up to him and his Reform Con cowboys our banks would have been deregulated, and in worse shape than those in Europe or the United States.
Bragging about his job creation prowess even though the Canadian economy hasn't created any good jobs for the last six months. Despite all those juicy tax breaks for big corporations.
Lecturing the Europeans about their debt problems, when he turned a surplus into a massive structural deficit. And Canadians are drowning in household debt.
Ballooning household debt has made headlines in recent months, and Bank of Canada Governor Mark Carney has warned it is the No. 1 domestic risk to Canada's economy.
At the mercy of a housing bubble that he helped create.
In the first half of this year (2008), as the subprime mortgage crisis was exploding in the United States, a contagion of U.S.-style lending practices quietly crossed the border and infected Canada's previously prudent mortgage regime.
And now there's no money for anything except prisons, and fancy jet planes. So what's his solution? Make the old work longer. So hopefully more will drop dead before ever collecting any money.
In December, the National Post reported that there was internal debate within the government about increasing the age of eligibility for the other major element of the public pension scheme - Old Age Security - from 65 to 67.
Make sure they build a pipeline to get Alberta's dirty oil to market, by intimidating their opponents, and sabotaging the process by appointing their friends.
The federal government disassociated itself on Thursday from an embarrassing official policy paper that said the country’s independent energy regulator, now studying a controversial oil pipeline, is in fact a government ally.
And of course, slash government to the bleeding bone.
The Conservative government is confirming what it’s been hinting at for weeks: Spending cuts in the upcoming federal budget could be twice as deep as Ottawa’s original target.
Because making Alberta rich and killing government is all they care about. Even if it drives the rest of the country into a recession.
Oh boy. To think that so many Canadians thought the Cons were good money managers.
Never were so many so dumb. Never was a Canadian government so corrupt and so foul.
And of course... Oink. Oink.
Never were the piggies so greedy...
h/t Dammit Janet!