Dean Iggy puts Harper House on double secret probation

January 28, 2009 Canadian Politics 3 Comments

By Glendronach

And requires them each semester to submit an essay on “What I did with my stimulus budget”.

Er, that’s it.

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Definition of a Genius

January 28, 2009 Canadian Politics, Economics and Finance 1 Comment

By Arran Gold

Damian Penny states on his blog:

Gerry Nicholls writes that this budget “makes me yearn for the days when we had relatively fiscally conservative leaders, like Jean Chretien.” I wish I could argue with that.

Please allow your correspondent to make a feeble attempt to argue this.  There is an old saying in the financial markets: definition of a financial genius is a bull market.  When “fiscally conservative leaders” like Jean Chretien were balancing the budget and creating surpluses, the world economy was in a boom.  That is why governments worldwide, all of a sudden, became prudent economic managers.  Better to be lucky than good and never confuse a bull market with brains.

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