Economic Fearmongering & Socialist Opportunism

On October 9th, 2008, Freedom Party leader Paul McKeever was a panelist on the Crossroads Television (CTS) program "On the Line" with host Christine Williams. The panel discussed Canada's 2008 federal election and attempts by socialist opposition parties to blame the current government for failing to do more to combat the effects of the global credit crisis.

Mixed in with that discussion was a discussion about proposed plans by the current government to expose young offenders to adult sentences in severe cases. As usual, the left takes the position that instead of incarcerating murderers, we should be spending money to combat poverty which - they suggest - causes people to become criminals.

Category:

News & Politics

Tags:

• Canada
• 2008
• election
• harper
• banking
• crisis
• bail-out

[Beethovens7th]

Paul what are the political candidates like in Canada? Is there anyone who is actually worth voting for (unlike in the US)?

[PaulMcKeever]

In this federal election? Whew! None of the parties, in my opinion (and that includes the Libertarians), are dedicated to rational government. Therefore, I suggest looking at the two (if their are two) candidates who are most likely to win your district, and choosing between them, according to ones own exposure to abuse by government. If you're facing life imprisonment for selling pot seeds and the NDP guy has a chance, vote for him. If being tax gouged is your...(cont'd)

[PaulMcKeever]

(cont'd)...biggest concern, vote Conservative to minimize the gouging. If you have not earned the respect and praise you get from others, vote Liberal, and tell them you did so...some of the phony pandering will stop. Okay, that last one's a joke...especially because they'd probably praise you even more!

[dabruin2]

Well done McKeever! And long live your mighty beard!

[PaulMcKeever]

Ha! Re: the beard - we held a family vote today...it got a reprieve...so far..

[akinobjectivist]

Jon, why don't you tell me your life story. Better yet, tell me your fathers life story while your at it. What is that? Children you say? Anything else? Now Paul back to the question of the ECONOMY...

[simpleearthling]

16;36 the war was the real bonus financially ,,this how these people think ,,fucking shoot them all

[vigholate]

wtf, you used to be blind... give me a break mr. god man. your the type of person that makes me want to puke. i can't actually listen to you after you claimed you were blind. how can you even say that. obviously its not true. your such an asshole.

[bergweg]

Lets not forget that (legal) Fictions (Corporations) cant create anything, only human beings can. So the bank is not the one who is creating the credit, it's the human being, and nothing is being loaned, it is an exchange. One type of debt is exchange for another, only the thing is that one debt is going to be worked for, redeemed, the other one is not backed by anything, an that's the banks debt. Its a scam. Read the book by mary-elizabeth: croft.

[Sam26100]

Yes, if your bank is going bankrupt and you come to me trying to sell I probably wouldn't buy the stock unless I first looked at how your bank was financially. It's not really possible to disguise a failing business as a sucessfull one

On the other hand, if you say that insider trading should be illegal, then you can't objectively draw a line can you? eventually if one person knows a bit more than another it will be illegal to trade making the whole point of trade meaningless and foolish

[Contradiction11]

so if i own a bank and i know that in a month or so it's going to go broke, i can legally sell all my stock in it...knowing that its worthless? What a crock of shit!

[Sam26100]

As for insider trading, there is nothing wrong with it. The stock exchange was never intended to run on the assumption that people have equal knowledge, or equal ability to interpret it. If one person knows what the other doesn't, it's not wrong. If insider trading legislation continues, soon it will be illegal to trade if it can be demonstrated that you are in any way wiser than the other guy. who would trade stocks if everybody knows exactly the same ammount of info as everybody else?

[Sam26100]

Fraud (I.E. ponzi schemes, sucker swaps, cooked books, money laundering) is punished by the court of law as any violation of individual rights. Any extra legislation only makes things worse. Did the SCE discover Madoff's fraud? no

He was doing it for decades, and his competitor even sent a document to the SCE which specifically stated that Madoff was running a ponzi scheme. did they investigate? no

so much for relying on government to regulate antifraud. don't confuse free trade with fraud

[Ontologistics]

The host seems to be treating the audience as if they're all 95-year-old demented OAPs! And the Rev is sickeningly sentimental. Maybe it's a Canadian thing.

[Rickdeckard2020]

"ultimately the market sorts all these things out through the courts and justice system"

Really? The same way the market sorted out the fact that cigarettes cause cancer the same year cigarette companies learned about it, oh wait the Market didnt do crap for years and decades because the corporation hid that reality for years while thousands of their customers were dying of cancer while financing the disinfo campaign against themselves. The market seldom sorts out anything the corporations hide

[th3dark3rsh33p]

yeah it does happen but ultimately the market sorts all these things out through the courts and justice system.

Your also being quite cynical. Your sorta of giving the notion that all real profits are obtained through illegal means or enough of them are to keep the system from working. Capitalism works, has been working for years and still will continue to work., history has shown that.