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Originally Posted by setayas
I was just wondering if anyone else is bored to deathwish with the title. For pities sake don't we need to fix things? Arguing about who did what, when and why doesn't start solving the problems. The global financial crisis was brought about by American banks! Get over it. Yes the LABOUR gvmnt borrowed too much but so did every gvmnt, blaming the other side may get you brownie points with your own team, but it won't the country out of a mess |
No ... not every gvmnt borrowed. The Government of Canada (a minority government, by the way, something you guys seem to be afraid of for some reason) didn't. The only money we paid out was to bail Chrysler and GM for guarantees to protect Canadian auto jobs. And it looks like we are going to make a profit on that deal. If your banks had been subject to regulation, as ours are under the Bank Act, you would have weathered the storm a helluva lot better. Apart from layoffs in Oshawa and Windsor ... auto industry areas (and most of those workers are back at work) ... we didn't have much of a recession. That's because our govt., and it is a tory govt. kept in check by virtue of being in a minority position for five years, takes care of Canada and Canadians first.