They are spending all their waking time trying to shoot down a world-wide bank tax. Harper talked it over with the British PM, Flaherty has been campaigning to get the G20 to drop it.. you can google hundreds of articles and video pieces on it: here's a couple
Boys, it's one thing to go to bat for the banks, but there is a frigging crisis out there. European countries are near default, Canadians have been pulled into the worst debt binge EVER, commodities are faltering... and all you can worry about is the bank tax!
GET REAL.
I guess the boys think that they can't do anything about the other issues, so at least make sure they keep their friends in high places happy.
The banks have already had it REAL good. All the toxic mortgages have been insured by us, while they get to eat the difference between what they pay borrowers (ZERO) and what they lend it out at (4-5%)... sounds good to me.
Where can I sign up for that please?
Hence wind-fall profits.
And now we have the G20 meeting in coming up in Toronto at a cost of $1 Billion..huh! No-one heard of video-conferencing. Of course you wouldn't get those TV shots of our leaders riding up in limos to be welcomed in nice new suits, solving the world's problems, saving humanity, fighting the bank tax...
Yuck!
Hey Chad- my next post will be very Chad-friendly- wait and see ;)
ReplyDeleteYa it's ridiculous isn't it "sure our banks are SAFE, cuz all the bad loans are taken on by US, the taxpayer!"
ReplyDeleteGreat way to run an economy guys!
The 2 million dollar faux lake they need to build for the summit is the height of insanity. Remember when being a conservative actually meant fiscal restraint?
ReplyDeleteOnly $1 billion in overtime payouts to the Toronto cops, RCMP, and some unlicenced employees of a US security company so that Freddy-Flintstone Harper can get some cool photo-ops in time for the upcoming Federal Election? What a bargain!!
ReplyDeleteThe security budget is madness. Everyone was up in arms that the olympic security cost that much.
ReplyDeleteConsidering the olympics and paralympics lasted 4 weeks total and there were hundreds of thousands of people going in and out of dozens of venues, security seems like a bargin now compared to this gong show.
I get that they have to be safe, but why the hell did you hold the thing in the middle of the country's biggest city?
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