Free up 'dead money,' Carney exhorts corporate Canada, Aug. 23 2012, G&M
http://www.theglobeandmail.com/report-on-business/economy/free-up-dead-money-carney-exhorts-corporate-canada/article4493091/?utm_medium=Newsletter&utm_source=The%20Globe%20and%20Mail&utm_type=text&utm_content=TheGlobeandMail&utm_campaign=97190246
What is this. Sounds like Carney is
applying one of the fundamental proposition's of Con'ism - as long as
it sounds plausible.
If scientific researchers (assuming any
qualified scientific researchers are left in Canada) came out with
results that indicated a particular cause was accountable for 20% of
the cases of a particular potentially terminal disease Canadians
would likely be up-and-arms about getting rid of it.
If Canada's exports were to increase by
20%, economies like that in Ontario would be hugely positively
impacted and unemployment significantly reduced. Talk about a job
creator!
The impression is that Carney is being
used by Harper to give Harper's policies a stamp of systemic
approval.
Or, perhaps in reality Carney is a
Closet Con
Corporations should "Free Up Dead
Money"
I thought Harper's con for reducing
corporate taxes was so that Corporations would invest more in
development (in Canada) and thus create jobs.
I also thought the major flaw in this
'con' was that the Corporations would not invest more in development
but hold the money and/or distribute it to shareholders and generally
merely make the rich richer.
Seems like the numbers are starting to
manifest itself, revealing Harper's con, and Harper is trying a
pre-emptive strike to defuse the situation.
"Andrew Snelgrove, CFO of Halifax-based investment company Clarke Inc., said many undervalued acquisition targets are available for companies that have cash and are willing to spend it."
How does buying up undervalued businesses help our economy - it only locks in the losses in investment in these undervalued companies and make the acquisitioner bigger.
Oh, and by the way, did I mention: there is a great study just released showing the US falling behind China and India in education and discussing the huge impact on the futures of those countries in being able to compete on the international level.
I can only assume that Canada is similarly situated to the US on this one.
Wow, just think, spending money on child care and development as well as education not only actually reduces crime rates but also makes us more competitive on the International level.
For the cost of one F-35 strike force super-jets (which are designed specifically and really may only be used to anywhere near their capacity in a full pitched war) I wonder what the equivalent is in Canadian children's upbringing and education.
For that matter how many of our children can we help for $30 billion and counting. Perhaps carney can make a comment on this as well.
I also wonder how does all the hard earned Canadian tax dollars being spent on upgrading Canada's military's ability to wage war compare the the profits Canadians get from the sale of Oil and gas. I suspect that Harper is in actuality using these profits to promote his right-wing extremist agenda.
And, what war are we gearing up for anyway.
I also wonder since the high price of gasoline is obviously having a devastating impact on all Westerners and especially Canadians and reducing the price of gas at the pumps would clearly be a huge job creator and export stimulus; and given that Harper considers himself as a Oil Super Power; surely Harper could do something to reduce gas prices. For example, reduce taxes on gasoline like the HST (the increased price of gas is a sneaky de facto tax increase for Harper), instead of a pipeline to BC where the Oil is shipped to the Far East make one to Ontario (or further East) and build refineries to process the oil.
(see my post: 19 May, 2012, Oil Profits Flow Outside Canada; Environmental Costs Stay Inside Canada - It's Just That Simple, Lloyd MacILquham cicblog.com/comments.html)
Lloyd MacILquham cicblog.com/comments.html
