Poilievre says he regrets questioning merits of settlement with aboriginals
Juliet O’Neill, with files from Tim Shufelt, The Ottawa Citizen
Prime Minister Stephen Harper was on the defensive yesterday over the remarks of a Conservative MP who undermined his historic apology to aboriginal peoples by questioning “the value for all this money” survivors of residential schools are eligible to receive under a compensation settlement.
Pierre Poilievre, the Nepean-Carleton MP who serves as parliamentary secretary, expressed regret for his “hurtful and wrong” comments in the House of Commons just moments before question period. But his brief apology had little impact on Liberal MPs, who branded his remarks disgraceful and racist and demanded he step down as parliamentary secretary to the president of the treasury board.
Assembly of First Nations Chief Phil Fontaine said in an interview the remarks were “just really unfortunate” distractions from Mr. Harper’s apology, which was, in part, “about casting aside old attitudes and old stereotypes” like the ones Mr. Poilievre expressed. Chief Fontaine, who praised the apology during an appearance in the Senate with other aboriginal leaders, said the government apology remains “the important moment,” despite the MP’s remarks.
Mr. Poilievre also suggested aboriginals need to work harder rather than receive more money. He appeared unaware the $1.9-billion compensation settlement is the result of years of negotiations by government, churches and aboriginal representatives. The talks are aimed at reducing and containing a growing number of lawsuits over the mistreatment, including widespread physical and sexual assaults, of several generations of aboriginal children.
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
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?