Friday, October 24, 2008

Flaherty’s idea of a "steady hand" is to pick Canadians' pockets

Let's face it, Flaherty is a crook and/or a total incompetent. What other civilized nation would allow their government to implement a tax policy that would cost its taxpayers $35 billion of their life savings and offer ZERO proof for the policy's main rationale. i.e. the allegation that income trusts cause tax leakage, which is total horsefeathers.

Flaherty was lobbied by the life insurance industry to kill a competing product that they were unable to successfully compete against. That's the sole rationale for the income trust policy. Meanwhile the pension funds were given a special carve out, such that only average Canadians got screwed. The ones without a voice.

Now Flaherty is on the verge of bailing out the very people who lobbied him to kill Canadian income CEOs and LifeCo CEO's. This is Flaherty's idea of a steady hand......pick pocketing the average Joe to give to the rich, twice now. First with income trusts. Next with bail outs.

Canadians worried but want steady hand - Flaherty

Fri Oct 24, 2008 12:50pm EDT

NIAGARA FALLS, Ontario, Oct 24 (Reuters) - Canadians are worried about jobs and savings during the current economic crisis but are not interested in grand government spending plans, Finance Minister Jim Flaherty said on Friday.
"This has been and this is a difficult time for Canadian families, for Canadian businesses. People are worried about their jobs and their savings," Flaherty said in a speech.
He said Canadians want the government to stay the course economically. He reiterated that Canada's banks are sound and well capitalized, and he said the mortgage system was also sound with only a small subprime component. (Reporting by Frank Pingue, writing by Randall Palmer; Editing by Peter Galloway)


Anonymous said...

Flaherty didn't say how much insurance the banks will acquire, adding it could be anything from ``zero to a lot.''

yup flaherty really knows what's going on, as he has said all along, we know what is happening, and we have dealt with it.
"Zero to a lot" great politician speak for, "We haven't got a clue what we are doing", The man was incompetent in Ontario and he's still
incompetent in Ottawa.
Why is it that the Conservatives said that they had already taken care of any potential problem with the economy before the vote,
but now all these new initiatives are being done afterwards? It's like as if they didn't know what they were doing, or were unprepared
for what was to come and are now scrambling to fix what they said was not in need of fixing.


Dr Mike said...

"People are worried about their jobs and their savings," Flaherty said in a speech"

Like this clown will protect our savings??

He stole 35 billion in one fell swoop in Oct 2006 & then blamed us for the problem.

This guy is a turkey & we should have roasted him on Thanksgiving.

Dr Mike Popovich.