Monday, March 9, 2009

Who are you going to believe: Warren Buffet or Jim Flaherty? Harper's out of the running.

March 9 (Bloomberg) -- U.S. stocks fell, extending the worst weekly slump in the Standard & Poor’s 500 Index since November, after Warren Buffett said the economy “has fallen off a cliff” and the World Bank predicted a global contraction. Buffett said the economy is in “shambles”

March 7, 2009 (The Canadian Press)— Finance Minister Jim Flaherty says ongoing dismal economic news doesn't surprise him and his federal budget anticipated things would deteriorate."This is a difficult time, it's going to be a difficult time this year. We anticipated that," he said, and he is "comfortable" with how the economy is playing out relative to the projections in the budget. In his speech, Flaherty expressed confidence in the future, noting that "this is nothing" compared with the privations endured by previous generations.

We anticipated that? (The Canadian Press)- September 15, 2008 "My own belief is if we were going to have some kind of big crash or recession, we probably would have had it by now." Stephen Harper in the midst of the 2008 Federal Election, called at a time of Harper's personal choosing and political convenience.


Dr Mike said...

OMG , what a clueless twit---Flaherty that is.

A few short months ago in his fall "economic" update this same guy stated that we were to have surpluses for as far as the eye could see.

Not only clueless but blind to boot.

Dr Mike Popovich.

WesternGrit said...

Conservatives like Harper and Flaherty often remind me of Olms - blind cave salamanders from Europe. Have a read of this very interesting Wikipedia entry:

The olm, or proteus (Proteus anguinus), is a blind amphibian endemic to the subterranean waters of caves of the Dinaric karst of southern Europe. It lives in the waters that flow underground through this extensive limestone region including waters of the Soča river basin near Trieste in Italy, through to southern Slovenia, southwestern Croatia, and Herzegovina. The olm is the only species in its genus Proteus, the only European species of the family Proteidae, and the only European exclusively cave-dwelling chordate. It is also occasionally called the "human fish" by locals because of its skin color, similar to that of white people (translated literally from Slovene: človeška ribica and Croatian: čovječja ribica), as well as "cave salamander" or "white salamander."[2]