Tuesday, October 07, 2008

Canadian Election Watch - Day 31

Let's play "Spot the Contradiction".

Steve, on Monday:

"Our position in Canada, of course, is that we don't have a crisis in our financial sector, in our banking sector," he said, ahead of a meeting of G7 finance ministers in Washington on Friday.

Steve, on Tuesday:

TORONTO (Reuters) - Prime Minister Stephen Harper, acknowledging that Canadian banks were facing a credit crunch, said on Tuesday the government would probably take some steps soon to alleviate those.

And, what's this? Sales of Canada Savings Bonds put on hold amid market confusion

Federal officials would give no reason Tuesday for the delay, which presumably relates to the difficulty of setting interest rates under current conditions.

The bonds, a Canadian tradition since 1946, are backed by the government and promoted as a foolproof way for small investors to save. They are put on sale each fall.

David Gamble, public affairs director of the Department of Finance, which is responsible for CSBs, confirmed that the 2008 campaign has been delayed but would not say why.

The left hand obviously doesn't know what the right hand is doing because Flaherty came out later and said the bonds "should" be on sale on Wednesday. (And Canadians trust this guy and his master to take care of our money?)

And what about this? TSX closes 400 points lower amid official efforts to avoid disaster

Not to worry though, Steve's seeing the silver Tory Blue capitalist lining:

TORONTO (Reuters) - Canadian Prime Minister Stephen Harper said on Tuesday he is concerned about the sharp falls in Canadian stock markets but said there may be some good stock bargains out there now.

He told a news conference that it is clear that a lot of investors have panicked, and he said members of his extended family have been shocked by developments in the market.

But he added: "I think there's probably some great buying opportunities emerging in the stock market as the consequence of all this panic."

Good to know but who the hell has money to buy any stocks? And who are these mysterious members of his extended family? Maybe somebody should track them down and interview them - unless Harper has them cloistered in a monastery somewhere for the duration of the election. Wouldn't want them to be attacked by that nasty Press virus.

Remember last week when Steve attacked Stephane because he presented a new 30 day economic platform in the middle of his campaign? It seems pretty handy that the Cons released their platform on Tuesday so they could take advantage of the timing to shift their economic policies and promises in response to the global meltdown. But Steve is busy pretending that he's just stayin' the course, you betcha (as Sarah Palin would put it).

Gilles Duceppe is right:

Stephen Harper is a "fragile" and shaky leader who is incapable of making decisions that will protect the economy, says Bloc Quebecois Leader Gilles Duceppe.

And what's with all of this boat talk?

Duceppe said the Tory proposals would do little to help people in the battered manufacturing and forestry sectors, especially older workers.

"I think he's just missing the boat. He talked about Noah's boat. They're still looking for it nowadays."

Duceppe was referring to Harper's comment in Toronto earlier in the day when he said now is not the time for Canadians to eschew his party.

"As the saying goes, it wasn't raining when Noah built the ark," Harper said. "Which is why when the rain came, Noah didn't need to panic and he didn't switch boats."

Which, of course, reminded me of this:

Somebody needs to ask Steve if he knows what a cubit is because, if he wins, he'll obviously be busy doing one massive construction project.

But wait, did he include funding for that in his new platform? Whoops.

And do we have to call him Noah now?

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