Tuesday, September 2, 2008

Flaherty reveals his total ignorance of campaign spending limits. Surprised?

I guess it should come as no surprise that Canada’s Finance Minister and a senior member of the Conservative Party would have no knowledge about campaign spending limits whatsoever.

Jim Flaherty claims “millions” will be spent in his riding attacking his poor blessed soul on the income trust issue. The reality is that CAITI can spend a maximum of $3500 in Flaherty’s riding, and a total of $150,000 nation wide.

Unlike the Conservative Party, CAITI will respect Election Canada’s campaign spending rules. No “in and out” for us thank you very much. We are a group of law abiding tax payers.

Canada's Flaherty stands by tax ahead of election

Tue Sep 2, 2008 6:09pm EDT

OTTAWA, Sept 2 (Reuters) - Canada's Finance Minister said on Tuesday he will not revisit his controversial policy to tax income trusts even though the issue may return to haunt him in an upcoming election campaign.

In an interview with Business News Network television, Finance Minister Jim Flaherty was asked whether he might bow to demands of disgruntled investors hurt by the new tax and soften the rules, particularly for energy trusts.

"No, its the law now," he answered.

"I know they're going to target me and I've been told how many millions of dollars they've put aside just to target me in my riding, and I guess that's part of life, but the decision we made was a decision for the good of the country and for future generations," he said.

Flaherty stunned investors in October 2006 with a plan to begin taxing the then C$200 billion ($187 billion) income trust sector as of 2011, breaking a promise of the governing Conservative Party.

A group of angry investors has been lobbying hard against Flaherty ever since and demanding a reversal of the policy. The opposition Liberal Party also opposed the change.

Trusts are investment vehicles that had become highly popular because they are structured to pay little or no corporate tax, allowing them to distribute cash directly to unitholders.

Prime Minister Stephen Harper has suggested he will request the dissolution of Parliament this week and call and election for Oct. 14.

Flaherty denied that the leader wanted a snap election to avoid governing during tough economic times, repeating that Canada's fiscal record is among the strongest in the industrialized world and that "there is no deficit looming".

"I think the motivation for an election now is simply that the House of Commons doesn't function well. I lived through that for two and a half years," he said.


Robert Gibbs said...

Flaherty attempts to "think":

"Excuse me while I try to get rid of the bats in my belfry when attempting to conjure up another Pokémon policy that will screw the Canadian masses, all the while benefiting me personally."

Frankly Canadian said...

I would love to see him lose his riding, but you know they'll be spending huge in his ridding.

Robert Gibbs said...

"...the decision we made was a decision for the good of US and foreign countries and for future uber-rich generations," Flaherty said.

"Screw average Canadians."

Anonymous said...

Actually, His Flatulance doesn't even realize he has bats in his belfry. The bull shitting little leprechaun is just trying to think up his next lie. Did anyone watch him on BNN's Squeeze Play, today? What a complete fraud he is!

Paul Sirois

Robert Gibbs said...

Hapless Harper's "sound fiscal governance" has resulted in Canada going from the leading performer in the G7 under the Liberals to the second worst performer under the Conservatives.

What a bunch of incompetents!

Canada's Economy Will Slow To A Crawl: OECD

Tuesday, September 2, 2008 | 11:24 AM ET

CBC News

The OECD has chopped its outlook for Canada for 2008 and now predicts the national economy will expand at the second slowest pace in the industrialized world.

The Organisation for Economic Co-operation and Development said Tuesday Canada's economy will expand by only 0.8 per cent for the year, down from its previous prediction for annual growth of 1.2 per cent.

Only Italy, which the international organization forecasts to grow by a feeble 0.5 per cent, would perform worse than Canada among the G7 economies if the prediction holds.

Robert Gibbs said...


You're right. He hasn't even the foggiest.

And yeah, I did see the Obtuse One on BNN.

What a f***ing Pantload he is!!!


Robert Gibbs said...

Something to watch out for concerning the Elections Canada investigation into the CONServative's 2006 in-and-out scheme.

Excerpt from Globe and Mail article.



From Wednesday's Globe and Mail

September 2, 2008 at 10:33 PM EDT

An election call is expected to come by Monday, the same day the Tories are to present their final arguments in a court case over their advertising methods in the previous campaign.

***Elections Canada has served notice it plans to introduce potentially damning information from an investigation of the 2006 so-called in-and-out scheme.***

However, the Conservatives successfully delayed their final argument in the court case until Monday. Opposition MPs said yesterday that this could help the Tories, because a responding final argument from Elections Canada will likely not be entered in the court file until after the anticipated election date of Oct. 14.

Elections Canada lawyer Barbara McIsaac gave notice last week that she intends to introduce an Elections Canada affidavit and background information that convinced a judge to authorize a warrant to search Tory headquarters last April.

The affidavit, which includes allegations the Conservatives shifted ad expenses to election candidates to skirt the party's $18.3-million campaign expense limit for the 2006 election, has so far not been entered as evidence in the case.


randy said...

A new interview with Jim. Really says a lot about him!


robert gibbs said...

If only Dion was a leader and not a wimp. We might have had a small chance to win if Iggy was the leader or maybe Bob R.

Considering the current world economic environment maybe Harper is the best leader.