Dow Close (Tues) 8,419.09 270.00
Oil $47.91
Oil $47.91
Even the appearance of instability can push a market down, as seen in both Thailand and Canada. Barack, seemingly has learned this and gave the nod to what looks like a centered cabinet. However, the devil is always in the details.
Once again the "Big 3" are scheduled to return to the Hill - looking like beggars. The unions think that this will solve their problems. Little do they know that this has been done before - and not worked. Lee Iacocca got a hand out, that gave Chrysler a few years - before being taken over by Daimler. Michael Moore [7] thinks things will be different - if the companies are nationalized [8]. However, he has not seen the hand-outs and deals given to the "Big 3" by his beloved Canada - and they still failed. He believes that the other socialist countries like Canada are actually friends. (Although, he contradicts this view in [8].) So, it may come as a shock to see the Canadian Coup, lead by the dictators Stephane Dion, Jack Layton and Gille (Jill) Duceppe - with yet another deal for the "Big 3" at the center.
[9] Stephane Dion, with Jack Layton and Gille Duceppe, plan to seize control of the Canadian government (without an election) by the end of the month. Reading the paper, like the Toronto Star, it's amazing to see how the socialist Canadians don't care that the ideals of democracy, which were fought for with the blood of Canadian soldiers, are now gone. [10] Just given away! Ironic that this is the model that the Democrats look to!
Once again the "Big 3" are scheduled to return to the Hill - looking like beggars. The unions think that this will solve their problems. Little do they know that this has been done before - and not worked. Lee Iacocca got a hand out, that gave Chrysler a few years - before being taken over by Daimler. Michael Moore [7] thinks things will be different - if the companies are nationalized [8]. However, he has not seen the hand-outs and deals given to the "Big 3" by his beloved Canada - and they still failed. He believes that the other socialist countries like Canada are actually friends. (Although, he contradicts this view in [8].) So, it may come as a shock to see the Canadian Coup, lead by the dictators Stephane Dion, Jack Layton and Gille (Jill) Duceppe - with yet another deal for the "Big 3" at the center.
[9] Stephane Dion, with Jack Layton and Gille Duceppe, plan to seize control of the Canadian government (without an election) by the end of the month. Reading the paper, like the Toronto Star, it's amazing to see how the socialist Canadians don't care that the ideals of democracy, which were fought for with the blood of Canadian soldiers, are now gone. [10] Just given away! Ironic that this is the model that the Democrats look to!
[1]
Thailand's stocks fall, as ruling party is dissolved --- Protesters say after court ruling that they will end occupation of airport --- Equities in Bangkok ended with losses Tuesday, as Thailand's constitutional court ordered the dissolution of the ruling party and banned the prime minister from politics for five years, marking the latest stage in the nation's long-running political turmoil. - MarketWatch
[2] S&P/TSX 8406.21 8327.81 -78.40 - Toronto Star
[3] The Conservatives today released radio ads that accuse Liberal Leader Stephane Dion, soundly defeated in the Oct. 14 vote, of wanting to take power "through the back door." - The Toronto Star
[4] The Liberals and the NDP have signed a formal, unprecedented pact to replace the minority Conservatives, who were re-elected just seven weeks ago, with a (unelected/monarch appointed) coalition government. - The Toronto Star
[5] Governor General Michaelle Jean said she is cutting short a European tour and returning to Canada, where she could be called on to decide the fate of the embattled Conservative government. --- Jean was also asked if she had any message for Canadians about the current crisis and the way governance is going to be achieved. --- "I think this is part of our democratic system. This is happening and it certainly requires a lot of attention, and the role of the governor general is to ensure that our governance is on the right path, so as soon as I'm back I will fulfill my duties and in total sound judgment." - The Toronto Star
[6] Since Confederation there has only been one federal coalition government in Canada's history: the Union Government of World War I, which lasted from 1917-1920. This was a coalition between the Conservative Party, led by Robert Borden, and Liberals and independents. Faced with strong opposition to conscription and with other major difficulties during WWI, Borden sought to broaden his wartime political base by bringing several conscriptionist Liberals and other public figures into his government. In the December 1917 general election, this government won a decisive victory over Sir Wilfrid Laurier's Liberals. The Union coalition did not long survive its triumph: the end of the war brought many Liberals back to their old affiliation, while other Unionists supported the new Progressive party. - The Toronto Star
[7] MOORE: Well, because -- because we can't let all these people lose their jobs because of the bad decisions, the stupid decisions made by the management of these auto companies. So I think what has to happen here is that Congress needs to pass some legislation, and our president-elect needs to do what Roosevelt did. --- When Roosevelt came in and when World War II faced the country, Roosevelt said to General Motors and Ford, you're not going to build cars anymore. You're going to build airplanes and tanks and guns and the things that we need for this war because we have a national crisis. And so General Motors had to do what Roosevelt told them they had to do. - Larry King Live, CNN
[8] MOORE: Absolutely. Absolutely. I'll tell you, it was hilarious just watching these CEOs there yesterday and today testifying in Congress, saying that, you know, that the problem wasn't their -- you know, the cars they were building. It was the financial situation that we're in now. --- [The problem is the cars they've been building.] They've never listened to the consumers. They've just gone about it their own wrong way. And I'll tell you, you know, I'm of mixed mind about this bailout, Larry, because I don't think these companies, with these management people, should be given a dime, [because they're -- that's just going to be money going up in smoke or off to other countries. I mean, G.M. is currently building a $300 million factory in Russia right now to build SUVs, right outside of St. Petersburg.] - Larry King Live, CNN
[9] An aid package to help Ontario's struggling automakers is still being discussed with Ottawa despite worries about turmoil in the country's capital. --- "I'm confident that I'll continue to work with the federal government on this," Economic Development Minister Michael Bryant said today. --- "Given the circumstances around the auto industry, it's particularly important for myself and our government to remain non-partisan when it comes to dealing with the federal government. I'll let Parliament resolve its issues itself." --- Bryant's comments came as the federal Liberals agreed today to support a tentative deal with the NDP – backed by the Bloc Quebecois – to form a coalition government with Stephane Dion as interim prime minister. - The Toronto Star
[10] THANK YOU -- I am so glad that you decided to post this Q&A. I can only hope that it will put a end to all those ridiculous words like "illegal, undemocratic, hijacked and coup" that have been bandied about by those who appear not to understand their own parliamentary system. Having said that, I find it incredibly sleazy of Harper and the Conservatives to launch a vociferous media campaign against his own constitution and parliamentary system - The Toronto Star, Comment
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