Tag Archives: socialism

Why you should not ignore Jack! Is it time for a new vision for Canada?


Maybe its time for change? Maybe its time for a new Prime Minister? We like to think the Tories are the best for managing deficits, however, Ronald Reagan, Brian Mulroney, Mike Harris (Ernie Eves), George Bush and now maybe Harper, will show us that maybe those ideologies just do not work? The Conservatives say that our fundamentals are sound. However, who are they fooling. They are not true Libertarians. There own platforms calls for an approx 1-2 % growth. Economist say that this is highly optimistic, if not deceptive. With the U.S slowdown it is more likely to be a 1-2 % downward turn. That amounts to, in a recent broadcast on CBC Newsworld of a 3.3 billion dollar shortfall. Hmmm! Sounds familiar? Remember Ernie Eves? Yes, Ontario was left with a large deficit, even though our “fundamentals were sound” in Ontario. Makes me wonder, what are the Conservatives going to cut in order to balance the books? Will there be some form of privatization of Healthcare or key Government corporations? Read more below from a recent National Post article on Jack Layton. It maybe time for Canadians to give the guy a chance.  By: Isaac Thomas / G.T.A Patriot Contributor

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By: John Ivison, National Post
Published: Monday, September 29, 2008

Jack Layton

Jack Layton

Jack Layton has never really been taken seriously. Beyond the fiercely partisan types who crowded into a community centre just off Danforth Avenue yesterday, the NDP leader has always been regarded as a harmless buffoon — a man so smug, he’d drink his own bathwater. Jack — let’s call him Jack — has always said outrageous things and nobody has paid too much attention to this point.

But perhaps it’s time people actually started listening.

The NDP leader unveiled his party’s platform yesterday in front of a boisterous crowd in his own riding. It was a virtuoso performance.

“Friends, I sense a real excitement out there. A sense of hope that this time, in this election, we can really make a difference,” he said.

“And maybe we can even make a little history.”

If current polling trends continue, he could do just that, by taking possession of the keys to Stornoway, the residence of the leader of the Official Opposition. The NDP started the campaign as much as 19 points behind the Liberals — some polls now put them in a statistical tie.

On the surface, much of the New Democrat platform will seem appealing to many Canadians — families would receive an enhanced child benefit payment of up to $400 a month; billions would be spent on affordable housing; students would be given a $1,000-a-year grant; more doctors would be hired and their loans forgiven if they work in family medicine; and everyone would get an extra day off work in February. Unlike in days of yore, this would not mean plunging the country into deficit. Budgets would be balanced and personal income taxes would be held steady.

In short, Jack made a convincing case that if he became prime minister, we could trust him to spend our money wisely. There he is in his campaign literature, sleeves rolled up, in the living rooms of the hard-pressed Canadian families helping them make ends meet. No wonder he’s flying high in the polls — he’s identified real problems, real issues and promised real solutions.

Read more

Geroge Bush blames the financial crisis substaintial foreign investment and a subsequent increase on bad consumer credit from greedy Wall Street bankers


 

 

President George Bush

President George Bush

A state of the afairs to squash fears amongst citizens in the United States of Amerca is sure to send ripple affects around the world; as we are all intertwined in this financial mess. President George Bush tonight spoke directly to U.S citizens, and candidly explained the situation in America. 

 

  • Housing prices that were valued more than they were actually worth
  • Banks that borrowed too much money
  • The decline in the housing market
  • Securities became unreliable leaving companies stuck with unsellable products
  • Banks began holding on to their money and dening credit to the everyday American citizen

President Bush said that the “irresponsible actions of some…bad decisions” is causing “the market is not functioning properly”. He warned that if action is held up by congress “the stock market could drop even more”. We could end up with “more expensive for credit, even with good credit history”. However he was optimistic and said that there is a spirit of cooperation betweens Democrates and Republicans. This bill will commit a large amount of tax payers money. But given the situtation, if the bill is not passed, it will cost more later for the American economy and the world. His key points to the ballout was to (1) remove risk possed by mortgage back securities, (2) protect tax payers and (3) ensure that there will be no winfall for “Wall Street” executives.

     

George Bush beleives that the plan will solve the financial problem and allow the “flow of credit” to Americans. He beleives that the vast majority of Americians will pay off their mortgages. But what does this mean for the future of America? The first part is to safeguard the financial system. He promised that every savings account will continue to be insured for up to $100, 000. In addition, he said that the laws governing the American financial system are outdated; needing change and modernization. The government should be able to observe, control and ensure that “Wall Street” will never put the system or the American people at risk again. He still beleives that the democratic financial system is the best system one available. His final quote stated that “together we will show the world what kind of country America is”. The world will definately wonder! The question you may ask, if it is the best system, than what makes the U.S different than any other socialist system now that they are essentially owning these companies? Is the problem with America greed? Did they simply learn from history and the depression and wanted to make sure to avoid a global depression?

 

American Wall Street Greed

American Wall Street Greed

One has to wonder, although America is only a portion of the worlds population, they consume the largest amount per-capita basis. Is America’s excess caused by world greed and foreign investment? Is it time for America to learn to live with less? Or is it time for America to embrace a more socialist style of financial system? Has republican or conservative styled economics failed? Or are Western societies just too credit happy, beleiving that they “deserve” to have all of the luxuries of life? Will we ever learn?

 

By Andy MJ
a.k.a. The G.T.A Patriot