Impact of the Stock Market on Voting

[capricorn]

"The Toronto Stock Exchange's main index soared more than 1,600 points on Tuesday as investors in banks and oil shares cheered world governments' steps to end the worst financial crisis since the Great Depression.

The S&P/TSX composite index was up 1,631.9 points, or 17.8%, at 10,697 shortly after opening. Shortly before 10 a.m. the rally eased slightly with the index up 1146.4 at 10,212.5. "

http://www.financialpost.com/story.html?id=879672

The upward trend is continuing. This will cheer up a lot of Canadians, especially those who took Harper's advice and bought undervalued stocks last week.

[independent]

"The Toronto Stock Exchange's main index soared more than 1,600 points on Tuesday as investors in banks and oil shares cheered world governments' steps to end the worst financial crisis since the Great Depression.

The S&P/TSX composite index was up 1,631.9 points, or 17.8%, at 10,697 shortly after opening. Shortly before 10 a.m. the rally eased slightly with the index up 1146.4 at 10,212.5. "

http://www.financialpost.com/story.html?id=879672

The upward trend is continuing. This will cheer up a lot of Canadians, especially those who took Harper's advice and bought undervalued stocks last week.

Maybe Harper is in the wrong line of work and should be just an investment advisor instead of Prime Minister that should be concerned about people losing his job. Anybody with even smallest knowledge of stocks knew there were undervalued stocks.

[Oleg Bach]

"The Toronto Stock Exchange's main index soared more than 1,600 points on Tuesday as investors in banks and oil shares cheered world governments' steps to end the worst financial crisis since the Great Depression.

The S&P/TSX composite index was up 1,631.9 points, or 17.8%, at 10,697 shortly after opening. Shortly before 10 a.m. the rally eased slightly with the index up 1146.4 at 10,212.5. "

http://www.financialpost.com/story.html?id=879672

The upward trend is continuing. This will cheer up a lot of Canadians, especially those who took Harper's advice and bought undervalued stocks last week.

I just hope this new found faith can sustain. One is better off to believe in goodness and God than not. As with the offical western secualist religion of Mammonism...one must believe in it also - belief is a powerful thing - it projects the power of the human mind and spirit out into the material world - much like a cancer patient that believes increases his chance of recovering good health by 10 fold...good like guys and keep the spirit - Canada and it's leaf is for the healing of the nations - Not that I give a damn about rich people finding themselves suddenly poor...but - one if they have grace shows mercey to the poor and the rich - that is class - and we have that.

[Topaz]

"The Toronto Stock Exchange's main index soared more than 1,600 points on Tuesday as investors in banks and oil shares cheered world governments' steps to end the worst financial crisis since the Great Depression.

The S&P/TSX composite index was up 1,631.9 points, or 17.8%, at 10,697 shortly after opening. Shortly before 10 a.m. the rally eased slightly with the index up 1146.4 at 10,212.5. "

http://www.financialpost.com/story.html?id=879672

The upward trend is continuing. This will cheer up a lot of Canadians, especially those who took Harper's advice and bought undervalued stocks last week.

You mean all those business men he was talking to about reinvesting??

[capricorn]

Maybe Harper is in the wrong line of work and should be just an investment advisor instead of Prime Minister that should be concerned about people losing his job.

Harper has a Masters in economics. After he leaves politics he'll have plenty of opportunities open to him.

Anybody with even smallest knowledge of stocks knew there were undervalued stocks.

That would apply to a very low percentage of Canadians.

[capricorn]

You mean all those business men he was talking to about reinvesting??

Would you be shocked to know that women are also in business?

[kengs333]

Harper has a Masters in economics. After he leaves politics he'll have plenty of opportunities open to him.

That would apply to a very low percentage of Canadians.

So what if he has a Masters? Many people have those nowadays.

Academically, I would think that Dion has better credentials.

Edited October 14, 2008 by kengs333

[capricorn]

So what if he has a Masters? Many people have those nowadays.

Academically, I would think that Dion has better credentials.

* BA in political science - Université Laval

* MA in political science - Université Laval

* PhD in sociology - Institut d’études politiques de Paris

http://canadaonline.about.com/od/federalli...tephanedion.htm

Just what we need in a global economic crisis, a political science teacher who spent most of his life in academia.

[kengs333]

Hmmm... yes, a politician who has studied politcal science--that indeed is a problem...

So when do you plan on graduating from high school?

[independent]

Harper has a Masters in economics. After he leaves politics he'll have plenty of opportunities open to him.

That would apply to a very low percentage of Canadians.

How naive. The trick is finding them not in knowing that they are there.

[capricorn]

So when do you plan on graduating from high school?

I'm 62 years old and I have a degree in business administration from the University of Ottawa.

[Mr.Canada]

Yup, those Americans sure have a history of loving blacks.

Poor Sarah Palin and McCain. If only they were running against a white man or woman they'd win.

Yes, they do.

You see, because of there past history with blacks they must now over compensate there kindness towards blacks and coloreds. To do anything less they will be deemed racists. If Obama doesn't get elected the media or the Dem. will be calling people racists. Guaranteed.

I would even say that many many people on this forum would be doing just that as well.

[Mr.Canada]

Oh, yeah, whatever... excuses, excuses... maybe if you actually knew something about the Mulroney years you'd know that he was spending when the economy was fine and driving up the debt in the process, and the worse the economy got, the more he spent. The debt went up from $200b to $600b while he was PM. He easily could have paid some of it down at the beginning, but didn't. Only he (and his finance minister) is/are to blame...

The LPC claim on surpluses are a direct result from the GST that the LPC had promised to get rid of in the 1993 Red Book(which of course they didn't...the first of many lies). It is a result of over taxation, plain and simple. Governments aren't supposed to run surpluses. If they do the people are over taxed. Spending these over taxes on new pet programs isn't prudent.

Mulroney say a problem and instead of pointing fingers, took action and very bravely implemented a new and non-perm tax that would ensure he wouldn't be re-elected but did it for the sake of Canada. Out of his love for Canada.

While LPC reap the benefits of the tax and paint themselves as heros.

So on one side we have the brave, brave men, women and families of the Conservatives and the opportunistic and silver tongued residents, the Liberals.

[capricorn]

Mulroney say a problem and instead of pointing fingers, took action and very bravely implemented a new and non-perm tax that would ensure he wouldn't be re-elected but did it for the sake of Canada. Out of his love for Canada.

While LPC reap the benefits of the tax and paint themselves as heros.

In spite of Liberal denial, Mulroney corrected Liberal fiscal mismanagement and set this country on an improved financial course.

In 1984, the Mulroney government inherited a terrible mess from successive Liberal governments. In fact, even Jean Chretien -- who was a finance minister under Pierre Trudeau -- admitted that following 15 years in office: "We left the cupboard bare."

That's a polite way of putting things. The Liberals didn't just leave the cupboard bare, they tore it right off the wall and left a gaping hole that in many respects we are still clawing our way out of. The Tories inherited a deficit of $38.5 billion in 1984, which was nearly nine per cent of the GDP -- the largest deficit by far in the history of Canada in terms of percentage of GDP.

The federal debt had increased by an almost criminal 1,100 per cent under the Trudeau administration, which included Chretien. Remember the interest rates? They had peaked at 22.75 per cent (though world interest rates were high, as well). Program spending under the Liberals had skyrocketed to $1.23 for every dollar collected in taxes.

Think about that. That's akin to someone making $100,000 a year spending $123,000 every single year on food, clothes, heat, entertainment, etc., but does not include capital expenditures -- the mortgage. Just pure "program" or daily expenses.

By comparison, take a look at what kind of financial legacy Chretien and Martin inherited from the Conservatives in 1993.

By the time Tory finance minister Michael Wilson and Mulroney left office some nine years later, the federal government had an operating surplus and the deficit as a percentage of GDP had been reduced by one-third, despite the worldwide recession of 1990-91. In other words, were it not for the interest Canada had to pay on the gargantuan debt the Liberals had solely created to that point, Mulroney would have been running a surplus.

The Mulroney government slashed the rate of growth in program spending 70 per cent. In other words, instead of spending $1.23 for every one dollar collected in taxes, the Tories reduced program spending to 97 cents for every dollar of revenues.

The prime interest rate went from 22.75 per cent to six per cent, the lowest in 20 years, and the inflation rate was 1.5 per cent, the lowest in 30 years.

Then Wilson and Mulroney made some politically damaging, though very necessary, decisions for this country's future health by bringing in the North American Free Trade Agreement and the GST -- two things the Chretien and Martin Liberals vowed to "scrap" and "tear up" should they be elected.

Thank goodness for this country that Chretien and Martin didn't keep their election promises. In fact, Chretien promised to abolish both when he knew he wouldn't. You just have to read the Liberal Red Book from his election campaign to recognize that.

---

In the end, Mulroney inherited a rusty bag of bolts and scrap metal from the Trudeau Liberals and turned those scraps into a finely tuned, well-oiled financial ship of state sailing in the right direction.

That's what Chretien and Martin inherited from Wilson and Mulroney. Even then, in 1992 and 1993, during the election campaign that swept Chretien to power, he was quoted as saying: "zero deficit equals zero hope."

Chretien had to be dragged into the realm of balanced budgets mostly by the support the Reform party was gaining from that fiscally prudent message and by his arch enemy, Martin. Now even people like Jack Layton, Bob Rae and countless other "elites" who believed in deficits, claim they would never run one.

It's easy to keep a good machine running -- which is really all Martin did as finance minister -- not so easy to build one from scratch and scrap.

So, right back at you, Mr. Dion. "Look history. Look history." If you do, you'll give credit where it's really due.

http://www.canada.com/calgaryherald/column...cbd731f&p=2

In this election campaign, Dion often said the Liberals have no lesson to learn from Conservative governments with respect to managing the public purse. This is typical Liberal historical revisionism and empty rhetoric. Some of us know differently. What's even better, it's well documented.

[Argus]

I'm 62 years old and I have a degree in business administration from the University of Ottawa.

Wow, you could be kengs' great-grandfather!