Why do the oil companies and banks need $50 billion in government subsidies if they are making record profits?
During the English debate Jack Layton pointed out that Steven Harper and his CONservative government were planning on giving the poor oil companies and big banks 50 BILLION dollars in the form of subsidies. Steven Harper did not deny it. It is a matter of record that these entities continue to make record profits. Why, in heaven’s name. is Harper giving them any subsidies at all? How about using this money for things like poverty, improving infrastructure (more jobs!), resurrecting rebates for green vehicle purchases (which Tories claim is part of their program but which actually expires this year…another of your big cons Mr. Harper!), decreasing taxes for single parents, partial tax deductions for homebuyers (stimulate the housing market/more jobs!), tax incentives for small businesses (more jobs!), elimination of GST for any product MADE IN CANADA (more jobs!),…and I’m sure that if I had more time I could come up with some really interesting ideas to stimulate the economy…or at least to help it to "tread water"…unlike our US cousins. What about it Mr. Harper (or any Tory candidate)….why the $50 BILLION in subsidies to the big banks and oil conglomerates??? I don’t yet know which way I’m voting next week, but I’ll guarantee you one thing: I will NOT be voting CONservative based on their lack of a significant economic platform…I suppose it’s true Mr. Harper that we have more stringent safeguards in our economy, but the fact is we are very strongly tied into and depend very heavily on the American economy. If their economy tanks, we go down with it. Still you have no contingency of immediate plan to deal with this situation and soften the blow. It’s "steady as she goes" for you….but she’s not going steady and she has changed course drastically!
I hadn’t heard about the subsidies to oil & banks, will check it out.
The ‘steady as she goes’ approach for our economy is likely the most sensible, given that the americans have rattled the economic world around us. Our banks and economy have stability despite the US, and while some collateral damage will happen, if Canadian policies were suddenly altered it would expose investors to unpredictablility, making our economy look volatile when it is not, and give credence to those fearful few who will see this alteration as a reason that justifies their fears, thereby giving our economy over to fear based speculation. Be thankful we have this stability, be wary that the USA will look to us to bail them out with our plentiful resources.
We won’t escape unscathed, but we should be able to maintain a fiscal independence of them. Hopefully our next gov’t does not give in to a North American currency.
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Canadian companies? What year is this quote from?
I think you should delete the question
References :
big oil is still EXTREMELY important. trust me, you wouldnt make it a week without the exxon mobiles of the world.
as far as the banks and wall street go, i couldnt agree more. bunch of paper hanging sob’s that do nothing but create profits out of thin air at our ultimate expense, and most of us didnt get any of the profits. those that did are now losing every dime either in property values, the stock market crashing, unemployment, or inflation. so we agree and disagree.
References :
I hadn’t heard about the subsidies to oil & banks, will check it out.
The ‘steady as she goes’ approach for our economy is likely the most sensible, given that the americans have rattled the economic world around us. Our banks and economy have stability despite the US, and while some collateral damage will happen, if Canadian policies were suddenly altered it would expose investors to unpredictablility, making our economy look volatile when it is not, and give credence to those fearful few who will see this alteration as a reason that justifies their fears, thereby giving our economy over to fear based speculation. Be thankful we have this stability, be wary that the USA will look to us to bail them out with our plentiful resources.
We won’t escape unscathed, but we should be able to maintain a fiscal independence of them. Hopefully our next gov’t does not give in to a North American currency.
References :