this quote comes from the lyrics for the song "beds are burning" because i want to make a political post, and thought of the australian minister who quoted part of this song during question period in the australian parliament.
the department of finance has put together a nice little (that should say, long) statement on the state of the economy:
2008 economic statement.
(in case you are not bombarded with finals, and have not seen it yet, and are slightly interested ... )
i have been following the financial crisis and the government's response, as much as school lets me devote time to extra-curricular activities (which in this case is anything that is not studying). and for my study breaks i read the comments people make to headlines in the globe and mail regarding the government's response, and plans for the future. (no multi-billion dollar bailout for us). and i will applaud some of the comments, but many times i am outraged or utterly confused at some of the things people say, think, and suggest. i mean, even though textbooks rarely spew the truth, it might be good to catch up on some political science, public choice, and economic literature for some people.
12:48 am. bed time.
ps. sens win! sens win! sens win! sens win! sens win! sens win! sens win!
3 comments:
What do you think about the government's decision not to bail-out like the US??
I think Stevster is cooking up a plan with his economic background... normally an economist would suggest to pump money into the economy...
Perhaps he wants the auto industry to file for bankrupcy so that the industry can smarten up trying to sell overpriced vehicles which do not keep up with the quality of the vehicles from overseas??
Compared to other countries, Canada's auto workers are overpaid for the 'skill' level of the job.
Just a little input from what we talked about in class today.. lol
I think the US bailout plan will help Canada more than having our own bailout plan will ever help us.
The Conservatives are playing pretty political right now, and if there is a vote of non-confidence next week, I will stop believing in the Canadian government in its entirety.
As for the auto industry: if the auto industry collapses completely a lot of people in Ontario will be out of jobs. That is an even bigger problem than overpriced cars ...
That last point is a good point but thats when the government steps in with the funding and the ppl keep their jobs they would just make $30/hour instead of 70 for screwing a bolt... the only upside for the gov't is that they can decide rather than an union...
prorogued government... this way the '3 amigos'(as catherine put it) can find fault in eachother and break up.
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