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Falcon, Fraser Institute's Candidate?
There's reason to think so. Start with his 'heroes' Bill Bennett, Ronald Reagan and Margaret Thatcher.
BC Liberal leader candidate Kevin Falcon: tank's for the support.
If Kevin Falcon wins the BC Liberal leadership contest on Feb. 26 and becomes premier, will the Fraser Institute help him craft his first budget?
There's plenty of precedent for such a scenario.
Take 1983, for instance. Three weeks after Social Credit Premier Bill Bennett won the election, Bennett's new cabinet met with Fraser Institute executive director Michael Walker at a posh lakeside resort in the Okanagan Valley for a crucial strategy session. Walker was a featured speaker at the 1982 Social Credit convention in Vancouver and had already met with the premier and members of his cabinet about half a dozen times.
Walker recommended a strategy for cutting government spending and programs based on selecting a level of service it had provided in a previous year when the population was smaller and the dollar worth more, so that cuts would be automatic.
Six weeks later, Bennett's government introduced a torrent of legislation proposing to centralize power, slash spending on social and health services and education, lay off thousands of public sector workers and reduce the bargaining rights of those who remained, abolish rent controls and the Human Rights Commission, and introduce many other initiatives whose cumulative goal was to roll back the province's social and economic gains. Directed by Walker, the Socreds undertook the task of making British Columbia ground zero for libertarian ideology in Canada.
As Province reporter Barbara McLintock noted at the time, Bill Bennett was "setting out to be Canada's cross between Ronald Reagan and Margaret Thatcher." Bennett was "moving his government as far as possible away from the welfare state and back to a purer era of free-enterprise capitalism."
Falcon's heroes
Bill Bennett, Ronald Reagan, Margaret Thatcher -- these are Kevin Falcon's lifetime heroes, as he disclosed in a BC Business profile in 2009.
"The underlying attribute that all three of those leaders had that I admire more than anything else in public life is courage -- the courage to do what they believe is right, even if it's unpopular," Falcon told journalist Frances Bula.
But unpopular only with vast swaths of the public. What all three leaders did was very popular with big business and the wealthy.
Almost immediately after the legislation was introduced, a coalition of unions, human rights', tenants', women's and other groups formed the Solidarity Coalition to fight the legislation.
When the Socreds held their annual convention in the Hotel Vancouver that fall, 60,000 protestors surrounded the hotel.
The 20-year-old Falcon was inside with the Socreds. Then an insurance broker and Junior Chamber of Commerce vice-president, Falcon was inspired by what Bennett did.
'Mission accomplished'
Falcon was also inspired by Reagan and Thatcher, who, we must not forget, got their anti-union, anti-social justice ideas from libertarian think tanks associated with the Fraser Institute -- the Heritage Foundation for Reagan and the Institute of Economic Affairs and Centre for Policy Studies for Thatcher.
Fast-forward 18 years. The inspired Falcon had by then become the newly minted minister of deregulation in the Gordon Campbell government. His mission: to slash health, safety and environmental protections by a third.
Several years later Falcon was claiming "mission accomplished." He was turning out to be as courageous as his heroes. Along the way he found time to share his experiences with the next generation of conservatives at Fraser Institute student seminars in Victoria and Vancouver.
We don't know if Michael Walker advised the Campbell government the way he did Bill Bennett.
But there are close connections between the two.
In 2005, Walker invited U.S. Vice President Dick Cheney to go fishing and duck hunting in Alberta. He also hosted a dinner for Cheney, Alberta Premier Ralph Klein and Campbell.
In 2009, Campbell was named honorary chairman at the institute's 35th anniversary gala celebration at Vancouver's Hyatt Regency. The event honoured Cannacord Capital chairman Peter Brown, a long-time Fraser Institute benefactor and trustee and a major contributor to Campbell and the BC Liberals. Falcon must have been there.
The Falcon succession
In 2010 the Fraser Institute ranked Campbell as the best provincial premier "at managing key aspects of fiscal policy," which is code for cutting government spending and debt and slashing taxes, especially on the wealthy.
It strongly urged B.C.'s next premier to follow in Campbell's footsteps.
Kevin Falcon must be listening. The wealthy, led by developer and long-time Falcon friend Ryan Beedie, lined up to support his leadership bid. Peter Brown's name was on a list of Falcon endorsers.
And Beedie is a recent addition to the Fraser Institute's board of directors.
The Fraser Institute-Falcon partnership is in place, and Falcon's heroes must be watching.
Time for that next budget. ![]()




81
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Jeffrey J.
1 year ago
Falcon: Oozes Insincerity
While nearly all of the Gordon Campbell caucus are two-dimensional carboard cutouts with pro-business tunnel vision, Falcon takes things a step further. Like the clueless French aristocracy partying in strange costumes just before the French Revoluion, Falcon exudes a self-certainty of the ruling regime bordering on fanaticism.
Money and petroleum and growth are GOOD. People, animals, Rule of Law, kindness, BAD.
Let loose the capitalist juggernaut! One day it shall finally prevail and all of us will be silenced.
Kudos to Prof. Gutstein for his tireless work in covering the Fraser Institute and it's manipulative efforts at undermining democracy. My all time favorite book, Not A Conspiracy Theory!
RickW
1 year ago
The phrase:
"Out of the frying pan , and into the fire" sounds about right, if this resuscitated Mussolini ascends.
Anyone seen many black shirts lurking about?
Fiat lux
1 year ago
About a hundred of so called
About a hundred of so called "Prestigious conservative economic think tanks", one of them the Fraser Inst. were set up in the mid 70s.for a criminal purpose of colonization.
Basically nothing more than PR/advertising agencies, their job is to brainwash the public into the acceptance of a worldwide dictatorship with the perceived power of imaginary capital, used as weapons of enslavement.
Since then, we have an inflation of living costs by over 1,000%, while incomes stagnate, with the exception of the obscene salaries of some executives and profits stolen from the public's pockets as a form of taxation, claimed as "earnings".
Some 30 million starve to death ever year over the globe, the middleclasses are wiped out, globalization separates the producers from the users, so that the multinational corporate mafia can grab and maintain dictatorial control of the world's economy and make huge profits.
The so called "free trade agreements" and similar unification deals, like the EU, etc. are nothing more, or less, than weapons of enslavement, wiping out the democratic decision making powers of peoples for the purpose of control and colonization.
While common thieves and petty crooks are caught and punished, history's biggest criminals and mass murderers have always used religious and ideological brainwash to colonize, enslave, steal and kill while making themselves rich and admired.
What we now have is the biggest crime wave ruling and taking over the world, claiming to be "conservatives" and any organization, professor brainwashing students into its acceptance, or politician who supports it, is nothing less than a common criminal.
And nowhere are the proofs and signs of this criminal racket more apparent, and visible, than here in BC and across Canada, under the thumbs of bought and paid for politicians.
Just watch the directorships Campbell has earned from the destruction of BC's economy and, and are waiting for the likes of Harper and Falcon from the proposed sale of the whole country.
While buying fighter planes for "defence"
The defence of what ? What is there left to defend, while "wealth creating foreign investment" otherwise known as irrepayable debt and the sale of the ground from under the citizens' feet, is now ruling everything
Ed Deak.
Van Isle
1 year ago
If anyone wants to read a
If anyone wants to read a book on how our corrupt economic system works just read "Confessions of an Economic Hit Man" by John Perkins. After reading this and observing what is happening here in Canada we didn't have to import any "Hit Men", we have our own and some of them are in Government.
freebear
1 year ago
Gordo 2.0
No thanks Kevin!
Fiat lux
1 year ago
The worst part of those "hit
The worst part of those "hit men" and "foreign investors" is that they take, or bring nothing, except a few imaginary computer figures to be used as weapons of exploitation, that permits them to take over and control the lives and economies of billions of people, while politicians are begging them to come and screw everybody.
And they call themselves "conservatives" while selling off their peoples.
Ed Deak.
Blake
1 year ago
Thank you Professor Gutstein
Thank you for this article, and thank you for your book, Not a Conspiracy Theory. It amazes me how simple it is to uncover the corruption, and it amazes me how inadequate the main stream media are at doing this job. Gutstein follows the money, and by doing this, rips open the lid on the can of worms, exposing the parasites for what they really are. Kevin Falcon, like Campbell and Harper, is a full fledged right wing f$#@&%!, and I have no qualms in saying this. These so called politicians are all products of the same business schools that have been turning out narcissistic ant-social power elites since the 70s, and all we can do is sit back and watch them abuse power and sell off this country for a quick profit. Why these neo-conservatives are flying a liberal banner I have no idea, but I think they should have it removed. Lets stop dancing around the issue and call a spade a spade. These pseudo-liberals are capital F fascists with absolutely NO respect for democracy. Thank god the house of cards is beginning to fall. The Revolution is just getting started.
Christy Fan
1 year ago
I kinda like Kevin Falcon...
Falcon the kinda man who'll sortie to stop the bullies early ( http://youtu.be/AQskyhrFoe0 )... the kinda manly man who has Alise Mills, Mary Polak and Stephanie Cadieux for support...
He's the kinda bloke you want if you think BC needs Superman. Oh and waiting until 2013 to drop the writ - I want writ drop in 9/2011 to finish off chaotic, disorganized, ununified BCNDP. Oh and a tax cut on the rate of HST that so many of you here hate :-).
Skywalker
1 year ago
Superman? That is a really big stretch!
Christy Fan you really must stop drinking Lieberal Kool Aide. The first poster has it right on. Falcon sounds like the most insincere person around. All of a sudden he wast everybody to think he's full of compassion while selling his soul to the Fraser Institute. Maybe it has something to do with your being from Washington where most of the Tea Party nuts come from who are trying to give us the U.S. brand of government.
RickW
1 year ago
Skywalker
Crustry Funk is looking for any reaction at all to her(?) Alice-in-Wonderland posts. Ignore her(?) and she(?) will eventualy evaporate.
Fiat lux
1 year ago
Christy, How about bringing
Christy,
How about bringing over some of Kadhaffi's soon homeless militias to enforce the superman's "efficiency" drive to make BC "more competitive". In other words, invite more Chinese commies to "invest", raise prices, cut wages and increase the "earnings" of execs ?
Ed Deak.
Blake
1 year ago
"I have supporters in the business comunity..." Falcon
This is a direct quote Falcon made after being accused of a conflict of interest. I think it is clear that Kevin Falcon has no respect for democracy; he believes in the ideology, like Mussolini, of the corporatist state.
"The fact that I have supporters in the business community that are out there generating support for my candidacy should not come as a big surprise," he said. "I am a big believer in growing our economy and creating an economy that is going to attract jobs, investment and secure families's futures."
It is a fact that growing the economy has Not and in no way created more jobs or secured families. The cost of living has increased immensely while wages have stagnated. The people in BC are living with some of the highest debt in North America, while the gap between the rich and the poor, like the lies, keep growing.
Stewart MacKenzie
1 year ago
Gidget reincarnate?
Christy Fan appeared soon after the sudden disappearance of the late lamented Gidget.
Could there be a connection?
Fiat lux
1 year ago
Where is "realisticman" and
Where is "realisticman" and his predecessors ?
Have they turned into Christy ?
I still don't understand why this electronic media permits the use of chickenshit phony names, when the papers got rid of them long ago.
The way I look at it, if anybody has to use a cover name in a democracy he, or she, has nothing to say.
Ed Deak, Big Lake.
Christy Fan
1 year ago
This is remarkable...
References to fascism... Libya and Communist China too. Some bizarre reaction to my snark and sarcasm since I picked Christy over Kevin and try to lowball my criticism of Kevin Falcon.
But oh if you call the BCNDP socalists when the NDP is part of Socailist International ( http://en.wikipedia.org/wiki/Socialist_International ) and until the recent, valiant Egyptian uprising was allied w/ Hosini Mubarak (ibid)... "For The Love of Gord" brace yourself!
Wow! I deeply admire Kevin Falcon if he's going to provoke the BCNDP into bizarre websites and allegations. Kevin Falcon, the man who built the bridges and has the ideas and the vigor of a young man the enemy of the BCNDP more than the Christy Clark they bully by namecalling? Wow!
Skywalker
1 year ago
Where Christy Fan does...
...that wikipedia link make the NDP part of Socialist International? This is typical of your nonsensical posts. You support a member of a government that repeatedly lies and wonder why the rest of us don't have an orgasm at the mere mention of his name? Just another pig at the trough spending our money on his special projects.
Christy Fan
1 year ago
Skywalker
Read the link, it's true. It's public record the NDP want to spread the wealth, grow government and raise taxe$. That's YOUR positions, right?
RickW
1 year ago
Blake
Falcon:
http://www.cbc.ca/news/canada/british-columbia/story/2011/02/18/bc-canada-line-lawsuit-reversal.html
The B.C. Court of Appeal has overturned a $600,000 damage award to a woman who said her business suffered huge losses during construction of the Canada Line rapid transit system in front of her store.
Attracting jobs, and securing families futures. Right.
RickW
1 year ago
It's public record...
...that the BC Libs have spread the wealth, grown government, and have raised taxes.
Care to dispute that?
Christy Fan
1 year ago
Sure RickW
BCLibs have supported capitalism. NOT bailing out companies and making startups w/ gov't dollars like Catamaran Ferries International.
BCLibs also did a Core Services Review in 2001-02 to cut gov't waste, among other measures.
BCLibs have shifted taxes away from income to consumption & carbon.
Fiat lux
1 year ago
What's the difference
What's the difference between so called big government and the multinational corporate mafia, stealing the world blind ?
At least with government we can expect some benefits from our taxes , but what can we expect from the multinationals, except royal screw, lousy wages, part time jobs and foodbank lineups.
At least back in the 50s and 60s people were making decent wages and could buy houses and raise their children, no foodbanks.
By the way, I've been an independent business owner in BC since 1957, employer, and still own 2 registered corporations, albeit not really active now, but still on the files.
What is your business experience so called Christy ?
Ed Deak.
Nature is a Dictator
1 year ago
Back to the Future
Reading this article reminds me of a fantastic documentary, "The Shock Doctrine". It highlights how all of the policies mentioned above evolved thanks to Milton Friedman who pioneered these ideas in countries like Argentina and Chile before Reagan and Thatcher came along. It's chilling to see that these ideas are alive and well. All hail the upper class! Give me a break. My only question is how much wealth is enough? How rich do the rich need to get?
Frank
1 year ago
Christy Fan
The NDP increased the debt from just under $20 billion to $33.8 billion.
As pointed out in the Georgia Straight, that debt included infrastructure such as "new schools, health-care facilities, social housing, community facilities, the Island Highway, the Skytrain Millennium Line, SFU’s Surrey campus, and the fast ferries".
Under the Liberals the debt (including contractural obligations" is close to $100 billion.
Looks to me like if you want less debt you should vote NDP.
As for bailing out companies, well, if you don't like providing companies with guaranteed revenue streams at the cost of the taxpayer you should be voting NDP because the Liberals are all about indebting the public in order to provide profits to the private sector.
So next election remember to vote for Mike or John or Adrian, not Kevin or Christy or George.
Unless you are in fact a supporter of growing the debt, shrinking wages and protecting the private sector from themselves.
Skywalker
1 year ago
Just for the record
"BCLibs have supported capitalism. NOT bailing out companies and making startups w/ gov't dollars like Catamaran Ferries International." Interpret that as taxing consumers and giving more to corporations.
"BCLibs also did a Core Services Review in 2001-02 to cut gov't waste, among other measures" Which accomplished nothing as they now have the province in a deficit with massive increased debt.
"BCLibs have shifted taxes away from income to consumption & carbon". Thereby making everyone pay more while giving business a break. All this for a Campbell 10-year legacy which according to the Times Colonist article is "barely average".
Bc Liberal have shifted costs from business to consumers. Consumers got the shaft and business got the breaks. The support capitalism way. Right. A government money can buy.
Fiat lux
1 year ago
The "fiscally responsible
The "fiscally responsible conservatives" always rack up huge debts.
Reagan racked up more debts in his 8 years , than all the US presidents before him, combined.
The same for Mulroney and all the way down the line.
The funny part is, that at least in Canada's case, the Bank of Canada was set up to provide interest free loans to all governments.
All money in all countries belong to the nation, or the government and not to the banks, or individuals.
Under the deregulated money "creation" powers of the private banks, the money they " create", belongs to the country, because it is the country that must provide the policies and resources to maintain the value of that artificial money.
Now, our governments borrow and pay huge interests on the money that already belongs them, or the country.
How stupid can politicians get?
If I borrow from one of my accounts to put it into one of my other accounts, am I supposed to pay interest to myself ?
Yet, this is what our governments are doing.
Ed Deak.
Christy Fan
1 year ago
I still don't trust NDP spin...
Never have, never will until the Canadian Taxpayers' Federation endorses them. Which if you guys are right will happen soon.
But this is Christy Clark's support for a Debt Clock: http://www.facebook.com/christyclarkbc/posts/194339587257295?ref=notif¬if_t=share_reply&__a=6&[version]=345401%3B0#!/photo.php?fbid=10150424657865343&set=a.10150358956935343.590437.887215342&theater
In other news, Kevin Falcon gave a witty response to the BCNDP FalconKidding.me website ( http://www.theprovince.com/What+Falcon+deal+launch+anti+Falcon+website/4312002/story.html ) saying,
------
“I’m kind of happy that they see me as a threat and as the candidate who keeps the free enterprise coalition together,” said Falcon from the campaign trail. “I love that they think I’m a big enough threat that they would target me. I’m honoured by the attention.”
But he said, “It’s kind of sad, isn’t it, that the NDP, bereft of any new ideas, has to engage in U.S.-style negative campaign. It’s a very negative, destructive approach.”
------
Sort of like the comments comparing him to a fascist, dictatorship and Gaadafi fan. Really bullying what goes on here. Really demolishes credibility.
See, we BCLibs protect one another. We also know many hate us for being successful. We also only got into debt in 2009 grudingly while the world went into a Great Recession - not before while upholding major commitments. A debt much smaller than PC Alberta's or Ontario Liberals' Ontario's or Harper's conservatives.
Fiat lux
1 year ago
As a lifelong private
As a lifelong private enterpriser and business owner, I can easily say that there's no such thing as "free enterprise".
It is a lie to brainwash people into following a certain group of crooks, the same way as the nazis and communists tried to tell people that they're "free".
The cosy relationship between so called capitalists and so called communists in China is the prime example that they're brothers under the skin, in the legalized exploitation of people and ecology.
All forms of enterprise are controlled by obvious laws against theft and destruction, plus by ideological, or religious control, permitting the ruling sectors to steal the most from the most.
When I was active in business under NDP, Socred, Liberal, or Conservative governments,
I had to follow the same set of laws, rules
and regulations.
The only "free enterprise" government I knew were the communists, who didn't have to follow any rules, but were permitted to wreck anything and anybody, totally destroy the ecology, and if somebody complained, it was the gulags for them.
"Free enterprise" , my cows' asses, to crap where they want to.
Ed Deak.
Frank
1 year ago
Christy Fan
It says a lot that you don't think for yourself and do your own research and instead follow the spin of your "trusted sources".
Which is why you believe the fairy tale that BC only went into debt in 2009. That means you actually believe we ran a deficit of $60 billion in the last 24 months. Hard to believe anyone could be that gullible...
Also, when you take into account Ontario's population their debt is smaller than ours.
ChristyFan's credibility = 0
As for the Canadian Taxpayer's Federation, they will never endorse the NDP because they're a political organization and not at all concerned with actual taxpayers. As their record bears out.
Skywalker
1 year ago
Christy and Falcon Fan
The village idiot will always complain that everyone is against him. He can't possibly admit to himself that maybe he is the problem and the people against him are the smarter ones.
shepsil
1 year ago
The F word and Falcon
I keep seeing these comparisons with Falcon's name and the F word. This lovely little site seems to be resonating with many out there.
Christy Fan
1 year ago
Why thank you...
To shelpsil for confirming the BCNDP are behind the smear site... nice to see it hosted on BCNDP servers. Very nice.
To Fiat lux for saying that Kevin Falcon is a Nazi or a communist.
To Frank for not understanding infrastructure debt.
To Skywalker for the psnl attack.
I salute the BCLiberals for defeating the BCNDP three times under Gordon Campbell & team.
I also thank the absence of moderation. It'll make it easier when it's time to call some pundit for the BCLibs about the "anti-social media" :-). PDF is such a nice thing...
Jerry Munro
1 year ago
My Kingdom for A Manure Pitchfork...
"Basically nothing more than PR/advertising agencies, their job is to brainwash the public into the acceptance of a worldwide dictatorship with the perceived power of imaginary capital, used as weapons of enslavement" wrote Ed Deak.
Every once in awhile Deak, over and above the predictable discourse yada, yada twixt the Liberals and NDP... As in, he said, she said gossipy crap on both parts, pretty much. ...you cut through the crap and nail it. It's what I like about you best. :-)
I first started hearing of the Frazer Institute, its luminaries being brought into talking heads media discussions like they were Moses just down from the Mount with the Tablets of stone, the word of God Himself, in the early 80s. It was over the course of the "betrayed by Big Labour" General Strike of then Operation Solidarity in 1983. It was obvious to me even then, that they were about building the ruling class ideological rationale for the destruction of the thereto Social Democratic State of Capitalism. The reason being of course, the "creeping socialism" and "end to capitalism" that period represented as its logical dynamic end conclusion, in ruling class fears. About which I think they were absolutely correct.
Hence, the first Restraint Budgets, and the beginning of the ongoing process of dismantling the "social safety net" and "control of casino capitalism" gains of the entire postwar Social Democratic Capitalism State period. In its place was to be, and is still being installed, socialism for the rich and their corporations AND capitalism for the rest of us. The New Rule of Unfettered Capitalism and the destruction of trade unionism, the Social Democratic State, and all the egalitarian claptrap built therein, was to become the Order of The New Neocon Day.
It is this dynamic which the masses fell into the trap of, along with Big Labour and the NDP, and around which the confusion still exists and many at least, are still trying to sort out, and make the sense of.
Hopefully Ed, we will get there. And the sense of it all, the real nature and character of the opposing forces, what each wants and expects, how to respond and organize, and begin the fightback, will finally be sorted out. And I think it will be. But first the naiveté must be dealt with, and the fly-shit separated from the buckwheat.
And the discovery made, that the solution does not lie with the hackneyed and bullshit ritual "parliamentary" solutions and status quo "parliamentary" niceties of Institutional Capitalism. This is the box that has to be broken out of and moved beyond.
My view, bro.
Sniff. Sniff. Somebody got a pot of coffee on?
Fiat lux
1 year ago
My guesstimate is that our
My guesstimate is that our friend Christy Fan is a young kid, probably a student, who read a couple of books that opened a world of wisdom for him.
An economics student at SFU in the footsteps of Herb Grubel ??? God help us !!
I can't remember saying that Falcon was either a nazi or a communist, but that capitalists are of the same enslaving mindset, therefore brothers under the skin.
Under a long standing communist rule Harper and his ilk would be the biggest.
Learn to read and try to understand what's written my friend
Ed Deak.
Ed Deak.
Skywalker
1 year ago
Sure Jerry but...
...some of us lived through all that and unfortunately when you repeat all that historical information most people just don't get the significance. "Everything is different now" and "you got to be competitive internationally" they say mouthing catch phrase that are meaningless. So if some folks tire of the repetition, they can be forgiven. Heaven knows you never get any detail like that from the media when it counts at election time. They are too busy reporting on some fluff. BC Rail is a case in point. So before you elevate yourself beyond the yada yada remember that there isn't an option available other than the two that exist and continuing with the current option isn't tolerable. I don't care who wins but I really don't want the Liberals so provide something else pleeeaase. A sermon I don't need.
Frank
1 year ago
Christy Fan
"To Frank for not understanding infrastructure debt."
Your credibility just dropped again. You're having trouble understanding debt. It doesn't matter what you put on your credit card, its all debt. The Liberals have not been going around building schools and hospitals like the NDP, instead they've been signing deals with private interests where the profits are guaranteed at taxpayer expense.
Being glib about it doesn't change the numbers. But then you ask the Canadian Taxpayer's Federation to tell you what to think so I guess being glib is the best you can do.
realisticman
1 year ago
Don't Worry about the Debt
The 'Progressive' view, a couple of years ago:
http://www.policynote.ca/putting-our-government-debt-in-perspective/
Public debt as a numerical figure may be striking but it's only important when compared to GDP. For example; if your annual income is 100,000 and you have a debt of 50,000, that's far more concerning than if your annual income is 500,000 and your debt is 100,000.
In the first case your debt is 50% of your annual, but the more shocking 100,000 figure only represents 20% of your annual.
BC has a good and very high debt rating, which allows BC to borrow money for development projects at a very low interest rate. BC borrowed during the recession and still came out in excellent shape.
www.fin.gov.bc.ca/tbs/F&Ereview10.pdf
http://www.vancouversun.com/business/Welcome+premier+wrinkles/4292031/story.html
Don't be scared by numbers alone. Unless you understand what they mean they can seem overly shocking and, as we see above by our regular crew of negative thinking spin-meisters, numbers can be invoked to shock the uninformed. It's all good that they do this, by doing so they clearly display their rhetoric as splattered baloney.
One thing we can be sure of is that if the NDP get in next time BC goes to the polls they will not be shutting down all businesses and corporations because that's where lots of jobs come from. They will continue to borrow and spend too. The question is, who is better able to manage the affairs in the public domain and maintain a good climate for the corporate world to continue to invest and maintain the good finances of BC, and keep the economy in the good condition that it is compared to the rest of the world.
realisticman
1 year ago
Just before he jumps down my throat
More perspective:
http://www.troymedia.com/2011/02/18/bcs-recent-budget-has-a-couple-of-pleasant-surprises/
Frank
1 year ago
r'man
"BC has a good and very high debt rating,"
Which is why the Liberals have over $50 billion owing under the heading "contractural obligations". So that it won't show up as part of our debt.
"...they (the NDP) will not be shutting down all businesses and corporations..."
Excellent, now that you've finally seen the light please tell that to your right-wing allies like Christy Fan and Kevin Falcon.
As for your naive belief that the numbers aren't scary and that being $100 billion in debt is better than being $33 billion in debt one can only assume math wasn't your best subject. I'll try to dumb it down for you, bigger debt numbers means we owe more money and pretending the debt isn't real won't stop the banks from charging us interest on it.
After 10 years of Campbell BC is in terrible economic shape, our unemployment is higher than just about every other province and interest payments on the debt and contract payments to the private sector will keep us in the poor house.
RickW
1 year ago
Crunchy Fudge
Guaranteeing ROR rates well above the market value is not a bailout - even before they are up and running?
Increasing the cabinet, as well as hefty raises for themselves is definitely not increasing size of government. Right?
Call it want you want, but taxes are taxes - and there's more of them now than before Libs.
Jerry Munro
1 year ago
Sermons from The Mount...
"A sermon I don't need." wrote Skywalker.
Hear ya. I don't need them either. Which I've been listening to from the NDP choir for years.
Their version of the One True Faith.
The shallowness of which, folks actually caught on to a long time ago. Which is why the whining from this crew that folks won't vote for them.
Of course not. If they're the only choice in town, we's all in serious trouble. Might as well vote for what is, 'cause that's what you're going to get with them no less. Which is predisely what folks, the working class that actually votes, tends to do. The rest of us, in my suspicion, don't vote. Period.
I'm surprised you, who is actually one of the more seriously "progressive" of the type, hasn't figured this out yet.
realisticman
1 year ago
Frankly
Do you seriously contend that the rating agencies have not taken all contractual obligations into account and have given BC an excellent rating, and concurrently low interest rates, just to be nice?
Dumb it up Frank. It may not be your strong suit but you can do it.
"In the last budget tabled by the New Democrats, servicing the taxpayer-supported debt consumed 6.7 cents out of every tax dollar collected.
The taxpayer-supported debt was equivalent to 19.7 per cent of B.C.'s annual gross domestic product.
Campbell's replacement will be able to take advantage of a lower debt relative to the size of the economy at 17.5 per cent of GDP for the 2011-'12 fiscal year and will be forced to spend a smaller part of every tax dollar collected, down to 4.5 cents, on servicing that debt, leaving more to pay for programs.
Part of the lower costs are from lower interest rates. The rates we pay on the borrowed money are affected by the province's credit rating. During the Campbell years, as the debt-to-GDP ratio was lowered and the government met or bettered its budget targets, that credit rating has been upgraded, reducing borrowing costs."
Read more: http://www.vancouversun.com/business/Welcome+premier+wrinkles/4292031/story.html#ixzz1Ewl7YbWS
Frank
1 year ago
r'man
Why am I not surprised you choose spin over hard data?
Try to follow along...
Do we have to pay back the debt that falls under "contractural obligations"? Yes, we do.
Does that mean our total debt will soon be well above $100 billion? Yes, it does.
What is the population of BC? Approximately 4,510,000 according to BC Stats. Debt will hit $60 billion according to Hansen, plus add in the contractural obligations and you get $113.4 billion in total debt. That's $25,144 per person.
Our debt under the NDP debt peaked at $33.8 billion. What was our population in 2001? 4,055,000 according to BC Stats. So roughly $8,335 per person.
Yet you tell me we're better off with each of owing $25,144 instead of that horrible $8,335.
Whatever r'man, keep arguing, mathematics is just showing itself to be an NDP front group I guess. I'm sure the Liberals will abolish math no matter who wins the leadership eh?
Frank
1 year ago
more for r'man
And since you're quoting Craig McInnes at the Sun you should read some of his earlier stuff.
"P3s just put the bill in another pocket"
http://www.canada.com/vancouversun/columnists/story.html?id=be4c05c2-444b-4624-afbb-fb98ac8b799e
Frank
1 year ago
Christy Fan
Since you hate all things socialist you might like to read what Albert Einstein had to say on the subject.
http://www.monthlyreview.org/598einstein.php
ps, you'll love how it ends.
Frank
1 year ago
Ontario
Oh, Ontario's debt is only $16,900 per person according to the Globe and Mail last August.
kmdyson
1 year ago
Falcon or Clark or any Liberal
Any one of the candidates for Liberal and one or two from the NDP are probably Fraser Institute whores. This is not news...this is fact...and high time to end this horrific economic policy before we are all serfs in the neo feudal world they are attempting to build...
Dan the socialist
1 year ago
I wish we had re education
I wish we had re education centres for guys like 'Christy Fan'.
eastcoast
1 year ago
vast right wing conspiracy
Am just finishing Paul Krugman's book "The Conscience of a Liberal", and not feeling very well. This article hasn't made me feel any better. These people have arrived in Nova Scotia, a little organization called AIMS, among others - one of their number is part of the MacDonald Laurier Institute, of distorted crime statistics fame. I don't think people here have quite figured out who they are though. Although if you look at our Conservative party's new manifesto, it's pretty obvious that they have drunk the Kool-Aid and gained access to the great fund-raising machine.
Fiat lux
1 year ago
Just because some credit
Just because some credit rating agencies have given BC a high rating, does it mean that we have to go deeper into debt ? As good "conservative" fascists always do.
In any case any debt rating based on the GDP is crap, because the GDP is a fraud and in BC's case the sale of the land from under the public's feet and the condo buying by imported commie capitalists are all accounted by braindead economists as "growth", while the homeless and foodbank lines are also growing.
But real facts don't count for these crooks and nuts, as long as the imaginary money figures are flying high.
Capitalism is dying and follows its fellow collectivizing idiot twin, communism to the
grave.
I've spent 45 years fighting communism from guns to intelligence work and with the written word, and can see the same rot coming to the surface with this bunch of collectivizing crooks.
I only hope the collapse will happen without violence and that there will be some people with minds and plans to save people from total destruction.
Ed Deak.
janetvickers
1 year ago
Astroturfers
I can't really believe any thinking person honestly feels that socialism is still a threat after sixty years of corporate fascism.
Those spouting such sentiment must be coming from industrial computers.
Christy Fan
1 year ago
Typical Left...
If you disagree, you're "Astroturfers".
If you disagree, you're a fascist.
If you disagree, you're "neo feudal".
This is quite insightful.
Frank
1 year ago
Typical Right
Math and statistics don't matter.
Children and poor don't matter.
The environment doesn't matter.
All that matters is smiling a lot and helping big business.
And if you disagree you're an ally of Hosni Mubarek and/or literate.
Christy Fan
1 year ago
Typical Frank
I've never said nor has the right that math, stats, debt, kids, the poor and the environment don't matter...
Kevin Falcon has a great environmental policy of supporting the carbon tax w/ some doubt about the oil tankers.
Christy Clark also supports the carbon tax.
Frankly this is one fun thread... it shows your aisle's true colours.
realisticman
1 year ago
Socialist States Today.
Libya:
The Great Socialist People's Libyan Arab Jamahiriya.
Leader: Muammar al-Gaddafi.
People's Republic of China.
Cuba.
North Korea.
There must be a few others.
The list of former socialist states is quite long and would take too long to note but glorious places like Albania and Kampuchea come to mind and they are really just all becoming ancient history.
Perhaps Janet can tell us some really nice ones.
realisticman
1 year ago
High Gear.
Some commentators are just pumping up the negative advertising because they think it works. Gordon Campbell and the Liberals of BC have repeatedly been praised by many environmental organizations. In fact, the carbon tax caused a rift in the NDP supporters ranks - as it will in the next campaign.
The NDP lost much of the enviro-vote and many in the party are not sorry.
Frank
1 year ago
Christy Fan
Yes, actually they have. The Liberals don't have a poverty reduction policy. Their environmental process weighs the environment against the money that can be made. That's why a lake can be destroyed in favour of a mone.
"Kevin Falcon has a great environmental policy of supporting the carbon tax"
That's not an environmental policy, that's a tax policy. The carbon tax hasn't done a thing for the environment.
"Frankly this is one fun thread... it shows your aisle's true colours."
Your browser is unable to access the last 8 years of Tyee articles I guess?
The only thing this thread shows that is new is that the Right waits to hear from the Canadian Taxpayer's Federation before they decide what they think about an issue.
Frank
1 year ago
r'man
I notice you've abandoned your attack on math and have decided to engage in mud-slinging instead.
I think that's a good strategy for you, math isn't your forte.
Frank
1 year ago
A note
Notice how people complaining about being called "astroturfers" think its great to accuse the NDP of being in bed with North Korea, Pol Pot and others.
Fiat lux
1 year ago
Our great capitalists sure
Our great capitalists sure like their brothers in the Socialist Republic of China, and in other slave labour countries, that's why they're taking over their factories, want to build pipelines for the dirties oil, and pour in more investments, so that their commie brethren can come back with our money and buy up our resources and countries.
Ed Deak.
Christy Fan
1 year ago
Not exactly true Frank...
The BCLibs have a poverty reduction strategy and it's called raising the min wage in the spring, growing the economy and making targeted investments + helping First Nations.
The Carbon Tax is environmental policy as well as tax policy. The tax shift from income to consumption & carbon means that people will have incentives to save and disincentives to consume.
Frank
1 year ago
ChristyFan
They have consistently refused to raise the minimum wage in their entire decade in power.
What you're claiming is that it will now happen, yet that depends on who wins the leadership. After all, at least one of the candidates says it should only rise gradually which means perpetuating the problem.
Every party grows the economy. The NDP grew the economy. Growing the economy doesn't fix poverty unless there's a wealth distribution scheme in practice, otherwise the benefits of the growth in the economy will go to those already at the top.
As for the carbon tax, emissions have increased since it came into effect. So if that's an environmental policy its a terrible one. Which would be expected from a government that is into destroying rivers and lakes in order to provide a profit for foreign companies and shareholders.
Christy Fan
1 year ago
Frank, good discussion FINALLY
Thank you.
BCLibs now are going to raise the min wage, consult but do it.
BCLibs can grow the economy w/ trust from business, BCNDP never could meet that trust gap the way Tony Blair made it w/ New Labour in the UK. Creates a real mess... many people don't like the BCLibs now but can't stomach BCNDP (unless they have to). BCLibs on verge of pushing many people over to the far-left w/o change and proper framing.
Carbon tax is a good step in the right direction. So is the Canada Line & other mass transit investment. So is run of the river. It's time the BCNDP rolled out a major policy every month and got serious, not more naive. I expect an election call in September.
zalm
1 year ago
Crap
This is only a vote-buying policy, with the promises to be 'forgotten' in the first week after the leadership "race" is over. Not one word of this was on anybody's radar over in Gordo's General HQ for the last ten years, and anyone with so much as the conscience of a house plant who dared speak up about it was slapped down by the privileged inner circle and called a commie.
There's nothing in this weekend's circus except the sale of some remarkably cheap votes on a scale not seen since... oh, I don't know... perhaps since the last election for Chief Minister in Punjab.
And now it looks like all the lucky Lotto-buyers, having paid their $10 for a good dose of soma, may not even get their lucky decoder ring in time to use it!
I've seen better-run popsicle stands in the hands of six-year-olds. The Fiberals have nothing on offer except cheap advertising more appropriate to the PNE than the leadership of a province with a $60 billion debt staring it in the face.
RickW
1 year ago
Crunchy Fudge
From Frank to R/Man:
Obviously CF, you think going further into debt is a good thing. Got any ideas how this is going to be paid off? Or, like virtually ALL ringtwingnuts, you don't much care?
pwlg
1 year ago
congrats
I am glad the author has linked Falcon to the great Socred Liberal 35% solution in the early days of the Campbell era.
Ministry administration budgets increased while public services decreased. Contracts were illegally torn up and so called cost saving devices like P3's were instituted.
Falcon talks about "courage" but here is one example of his "courage".
In 2003 the Ministry of Forest budget was cut by 35%. This included the budget for fire fighting services. The Ministry's administration budget increased though while the on-the-ground fire fighting was slashed by 35%. Was this courage or someone taking an awful big risk on behalf of the residents of BC?
The summer of 2003 was the summer of devastating forest fires. Crews and equipment were stretched too thin and small initial fires blew up to massive fires destroying businesses and homes in Barriere, Louis Creek and Kelowna in southern BC.
Despite the fact that equipment and personnel were inadequate for the fire season in 2003, the Filman Inquiry totally ignored the 35% reduction in the budget for on the ground fire fighting services that led to the destruction of peoples homes and businesses.
But Filman's record as Premier of Manitoba (Conservative) is much similar to Falcon's - Filman's slash and burn cuts to direct government services to those who provide the tax revenue (residents)during his reign would put a grin on the Falconator's face.
Perhaps adding Filman to Falcon's list of mentors would be fitting.
Falcon's courage is like the generals of the First World War who sent thousands over the walls of the trenches only to be mowed down by the machine guns trained on them. Their strategy was to deplete the arsenal of the enemy using human bodies. A terrible gamble and risk with other people's lives.
This is what Falcon represents to me.
I hope Abbott wins and places Falcon in the back benches...this little Napoleon deserves his St. Helena.
realisticman
1 year ago
Frank's math
"Growing the economy doesn't fix poverty unless there's a wealth distribution scheme in practice, otherwise the benefits of the growth in the economy will go to those already at the top."
The wealth redistribution schemes of the former Soviet Bloc countries that became capitalist in 1989 wouldn't vote to go back. Just about everyone benefited after the introduction of a market-based economy and an end to socially engineered ideological ideas that only crippled the economies and drove the people into poverty.
This study describes the Czech economy and also mentions others that were in the glorious Soviet socialist bloc.
http://docs.google.com/viewer?a=v&q=cache:YcDxpvTN1JsJ:sreview.soc.cas.cz/uploads/581fcabdabac0ea3a004c40dca2509f744229a36_447_211VECER.pdf+czech+earnings&hl=en&pid=bl&srcid=ADGEESiOzXoGH7ZsDRTuW9E7YEC89E8pV59H6lro2o_EpZnX_iG6oz4A0n5NUMaKGekgDzi61PLqLzLqtdrG9a0SFwHC5c34JVU5tRCGFBHA4IzwBnECpqZ2QkqWav0FovOaNmAbNpzy&sig=AHIEtbSNe-99HX3jKAW95rDnbrIsk1VYLQ
Perpetuating the old class and redistribution mantra is fortunately becoming understood as as a losers game that is only played by a diminishing band of losers because it just creates more losers. The Irish vote released today is just one more example where people had had enough of left leaning governments. The left leaning Fianna Fail are being almost wiped out.
Fiat lux
1 year ago
RM I was involved in
RM
I was involved in intelligence work against the Soviets in 3 languages and still have some of my contacts.
People in the Soviet bloc wouldn't want to go back to communism, because it was a brutal dictatorship, but many are still worse off economically.
The EU capitalists will wipe out 7 million Polish family farms not even the commies could do.
In Romania the family farms have been reduced from 480,000 to 50,000 in 4 years by the EU.
The whole Eastern part of the EU is being taken over and colonized by Western capital, removing all independent decision making powers. People no longer can afford to own their homes, for the same reason we have here with Chinese "investors"
The difference between Soviet and capitalist colonization is that the Soviets have done it with bayonets, in the name of "freedom" and the capitalists are doing it with the perceived power of imaginary money, "created" from the air, in the name of "competitive free enterprise"
The world has always been ruled by imperialists using the BS by religions, and now, with the BS of ideological economic theories, but never to the extent of the present global crime wave, killing tens of millions every year with hunger and destitution, while the real criminals are "earning" tens of millions every year over the bodies of the dead.
Anybody who claims that Canadians are better off now with the "globalized wealth creation" fraud, than we were 40-50 years ago, is either a nutcase or a bloody liar.
Ed Deak.
realisticman
1 year ago
Hard work, Ed.
"• In 2010Q3 Poland’s seasonally adjusted GDP1 grew by 4.7% year on year; non-seasonally adjusted GDP grew by 4.2%. 2010Q3 was a fourth quarter in succession to see an acceleration of economic growth. This was due to a faster increase in consumption and capital formation. Total consumption, after seasonal adjustment, rose by 4% in annual terms versus 3.7% in 2010Q2."
"What we have superior, is our hard work and stubbornness. Not everyone would make it in these conditions. But Poles are doing fine. Today, very few farms are commercial, most do not produce anything for sale. In order to be able to change this structure, an alternative way of life must exist. A young person, who finishes higher education, does not necessarily have to want to work on the land. He or she can transfer the farm over, of course, on favourable terms, and find employment elsewhere, where his or her knowledge can be utilised. ..."
http://www.polishmarket.com.pl/document/:24557?p=%2Flate%2F
Poland also now has 669 organic farms. That's quite a jump from the 27 they had in 1990.
http://www.organic-europe.net/country_reports/poland/default.asp
Poland will not be going back to the brotherhood of communist nations. Remember Solidarity?
Fiat lux
1 year ago
RM There's no such thing as
RM There's no such thing as the GDP. It is a fraud, because it measures damage and poverty creation as "growth", as long as some crooks steal all the benefits. The same racket the Soviets have been using until people woke up.
When the government sells the country from under the people's feet, as here in BC, it is "growth of the GDP."
I'm not talking about communist and capitalist propaganda crap, both at the same ideological, mental level, but what real people tell me, now openly and without secret maildrops.
The corruption in eastern Europe is unbelievable. The countries and people are broke
I hope you, the faithful, will wake up one day, as I had to many years ago, to the royal screw people have been subjected through history with the forcefeeding of "faith" and start thinking logically.
Ed Deak.
Frank
1 year ago
r'man
"The wealth redistribution schemes of the former Soviet Bloc countries that became capitalist in 1989 wouldn't vote to go back."
Which has what exactly to do with Canada and the 21st century?
If you want to argue this I will happily overwhelm you with links to North American data over the last 30 years that shows the rich have got richer as the economy grew and most other people stayed the same or even fell a bit.
You know that which is why I bet you will suddenly disappear rather than put up a fight.
Frank
1 year ago
The Middle East
Looks like one of the big catalysts for change in the Middle East is wealth redistribution.
Mubarak's money is being hunted down, so will Quadaffi's when he's gone, other countries are promising reforms so that more of the wealth flows to those among the population who don't have jobs that allows them to get rich from corruption.
So far I have yet to see a single legitimate protester demanding economic status quo.
realisticman
1 year ago
Frank
"Which has what exactly to do with Canada and the 21st century? ...
"Growing the economy doesn't fix poverty unless there's a wealth distribution scheme in practice, ..."
Er, Frank, you bought it up just a few hours ago. So, I guess it's up to you to tell us what it has to do with Canada and the 21st century. Although we all know that you passionately believe that redistribution of wealth will easily solve all the problems in our known world, as well as all those in any world that might ever become known.
It's your old class dividing beard tugging old saw, Frank.
Frank
1 year ago
r'man
I asserted that growing the economy doesn't help people. You need a wealth distribution scheme in place if that is the goal.
You then brought up the Soviet Union which fell 20 years ago. Perhaps we could talk about Hitler's policies next since you're such a good right-winger? Do you agree with him on the need for massive amounts of slave labour? Where do you propose to get these slaves? Attack Poland?
So if you want to argue against wealth distribution schemes such as old age pensions, EI, welfare, medicare, public education and so on, do so without raising the strawman of the old Soviet Union.
Frank
1 year ago
From the US
From a review of the book, "Winner-Take-All Politics" subtitled : How Washington Made the Rich Richer--and Turned Its Back on the Middle Class
By Jacob S. Hacker and Paul Pierson
"Jacob Hacker and Paul Pierson tell a story that is at once familiar and unfamiliar. The familiar part is that over the past 30 years inequality in both wealth and income has grown dramatically in the United States.
Since the late 1970s the wealthiest 1 percent of the nation's population has pocketed more than 35 percent of the real national income growth, which is more than the bottom 90 percent of the population combined. Or looking at it from a different angle, between 1979 and 2006 the bottom 20 percent of the population had real income growth of 0.3 percent and the middle 20 percent had real income growth of 0.7 percent, while the top 1 percent enjoyed real income growth of an astonishing 260 percent."
Frank
1 year ago
From Canada
"According to The Rise of Canada's Richest 1% - written by Armine Yalnizyan, CCPA senior economist - Canada's wealthy are taking more of the gains from economic growth than ever before in recorded history.
The last time Canada's elite held so much of the nation's income was in the 1920s, says the report. Median incomes, meanwhile, have remained stagnant.
The top 0.01 per cent represent 2,400 Canadians who earn at least $1.85-million. Nearly 75 per cent of their income comes from wages. Similarly, the top 1 per cent, or 240,000 Canadian who earn more than $169,000, receive about 67 per cent of their income in wages.
Veall, who provided previously unpublished tax form data for the report, suggests that the income shift can be explained in a number of ways.
"One view is that corporate boards have allowed CEO salaries to jump because they were climbing elsewhere," he says. "Another reason may be that CEOs, known for being good communicators, are more effective and therefore more valuable in the digital age because email and mass media allow better contact with employees and the public."
A similar phenomenon can be seen in Australia, New Zealand, the United Kingdom, and particularly the United States, he says. But non-English-speaking countries such as France and Italy don't show the same inequality gaps."
The link :
http://www.physorg.com/news/2010-12-rich-richer.html
Fiat lux
1 year ago
Yes Frank, but don't forget
Yes Frank, but don't forget when one guy makes $35,000 a year and the next one $1.million, their average take home, and I don't call it earnings, will be $517,500, as any good , so called "economist" can tell you.
Which means that it makes no difference if the "growth" is taken out of the country by "foreign investors", while the child poverty rates and the foodbank lines also grow, it is still GDP and "net growth" in their warped minds.
Going back to the Soviet bloc, the former biggest communists are now the biggest capitalists and own the biggest villas and yachts on the Mediterranian are now owned by them.
So much for economic statistics.
Where can now the so called "wage earners" buy houses in Canada, whereas 40-50 years ago just about anybody could and executives still made good salaries and corporations good profits?
But that wasn't good enough to the rulers and their political pimps.
Ed Deak.
Frank
1 year ago
Ed
Agreed, which is why I like looking at the median income instead of the average income. Its a much better stat as its not as warped by a few people making obscene amounts of money.
"Where can now the so called "wage earners" buy houses in Canada"
Agree there too. Its getting harder, there was a study recently done about the Toronto region and the reducing of the middle class. Instead, the authors assert we're seeing more poor and more rich.
realisticman
1 year ago
Frank
I realise you lost your bet but it's not just all about you here, there are others too. I was responding to a comment from janetvickers and her call for socialism.
I guess it's all a disaster really. Did you see that latest huge poll commissioned by the left-leaning Toronto Star? They nailed it!
http://www.thestar.com/news/canada/article/945363--conservatives-looking-at-a-majority-new-poll-shows?bn=1
Hey Ed. People are still buying homes in Vancouver. In fact, I can tell you that people working for the left-leaning think tank mentioned above just recently bought a home in east Vancouver. Here's another extraordinary sale, with many offers, it sold way, way over asking price:
http://www.martyhomes.com/Properties.php/Details/588
Frank
1 year ago
r'man
Then you should have mentioned Jane in your post instead of going with the subject line "Frank's math".
Once can I'm sure easily see why I thought you were talking to me. That and quoting me in the body of your comment.
But if you want to pretend you were arguing with someone else, go ahead.
I'm tempted to ask what bet you're talking about but I guess that was probably directed at someone else too.
RickW
1 year ago
R/M old man....
So just where did the capital come from to "become capitalist"? In the old communist era (where everyone owned everything in common) just who did the "capitalists" that emerged pay their capital to?
If you want a glimpse into the "prosperity" of the ordinary citizen in today's Russia, I would advise you read this series of books:
http://en.wikipedia.org/wiki/Arkady_Renko
And while some of them may yearn for the good 'ol days, most of them just want a chance to live their lives - something the oligarchs would not prefer. 1000 years of slavery does something to the character of a country, n'est pas?
Fiat lux
1 year ago
RM what bet did I lose ? In
RM what bet did I lose ?
In any case why aren't you watching the TV and praying that Falcon wins ? They should take away your party membership card!
Of course, people are still buying homes, but not the same range of people who were buying way back. We bought our first in Vancouver in 1967, for about $6,000, with $500. down and $45/mo.
With the general inflation of something over 1,000%, since these criminal economic racketeers took over, that house should be about $60,000 now and executive salaries, say up to $500,000 and not $5. million.
Ed Deak.