Definition of a Genius
January 28, 2009 11:38 am Canadian Politics, Economics and FinanceDamian 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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Arran Gold
Dave :
Date: January 28, 2009 @ 1:21 PM
How about balancing the federal budget by bankrupting the provinces,or over taxing,or taking EI money and misusing it,kinda like robbing peter to pay Paul{Martin}.
Kinda like goal post’s are the goalies best friend ?