Canadian Prime Minister Harper: "Reckless U.S. consumers caused recession"

[eagle]

If you think that Harper blamed US consumers for nothing as you do then you're wrong. Harper is a smart guy to take the opportunity to promote his party values but also his objective is to build a good relation with US.

The blame was not to US consumers as specific but to the "non-conservative idea" in general.

Quote from Trader666:

American consumers were at the center of the storm.

 

[gnome]

Quote from eagle:

If you think that Harper blamed US consumers for nothing as you do then you're wrong. Harper is a smart guy to take the opportunity to promote his party values but also his objective is to build a good relation with US.

The blame was not to US consumers as specific but to the "non-conservative idea" in general.

It's difficult to rationally blame the US consumer for ANYTHING. (Doing so is like blaming a mentally challenged person for being "slow"..) We do as we are lead, we do as we are told... excessive borrowing, excessive spending... even voting for El Presidente.

We are nothing more than the end result of our prodding..

 

[Trader666]

Yes... going forward we need solutions where all parties all have "skin in the game" in future transactions.

I also think we need "perp walks" for the worst players in business and government but am not optimistic.

Quote from Ivanovich:

Of course that doesn't fix anything or make it better.

 

[thriftybob]

Quote from jueco2005:

Excellent. Let me just add that I really hope you are wrong about the last sentence.

If you look at the history of effects of stimulus, you will find NO CASES where it worked. Witness Japan's lost decade, America's Great Depression, Italy's continuous troubles, etc. We are already way over-leveraged, and adding additional debt is just insane, and will, IMO, only result in an eventual fall from much greater heights. You can't fix a debt bubble with a bigger debt bubble.

The correct answer is honest work, savings and investment, production, export, and honest money. But I think what we'll get, at BEST, is infinite amounts of additional debt, and a devalued currency, and at worst a complete currency collapse.

 

[Trader666]

And I take no responsibility for your mental defects.

Quote from gnome:

I take no responsibility for your inability to argue a point clearly.

 

[gnome]

Quote from Trader666:

And I take no responsibility for your mental defects.

My dad can beat up your dad!

 

[thriftybob]

Quote from gnome:

1. I beg to differ. ET is NOT "nothing but idiots"... but rather, only about 98% idiots.

2. What about the US Gummint? They borrowed and spent with the belief there would never be "consequences"... set the example of behavior and tone for American consumers.. and the famous DUMBASS Federal politico's statement (I don't recall his name)... "Reagan proved deficits don't matter".. That guy was a total FUCKHEAD!!

I have to wonder if Harper is in a round about way, letting us know that if our consumer consumption and debt is considered to be at silly levels, then our government's and federal reserve's encouraging consumers to gorge upon that fountain of credit, and the government's infinite appetite for spending and yet more debt in astronomical quantities, are absolute lunatic policies, and the real warning is that it will result in the end of America as a 1st world nation, and its demotion to that of slaves to that debt, at best.

 

[Trader666]

This only applies to sheeple like you who can't think independently and therefore need to be protected from themselves.

Quote from gnome:

It's difficult to rationally blame the US consumer for ANYTHING... We do as we are lead, we do as we are told... excessive borrowing, excessive spending... We are nothing more than the end result of our prodding..

 

[gnome]

Quote from thriftybob:

I have to wonder if Harper is in a round about way, letting us know that if our consumer consumption and debt is considered to be at silly levels, then our government's and federal reserve's encouraging consumers to gorge upon that fountain of credit, and the government's infinite appetite for spending and yet more debt in astronomical quantities, are absolute lunatic policies, and the real warning is its will result in the end of America as a 1st world nation, and its demotion to that of slaves to that debt, at best.

Probably wouldn't be a big deal (just another uppity regime by the wayside) if not for the fact the $USD is the world's reserve currency [for now].

 

[Trader666]

Not my point... go hump someone else's leg.

Quote from eagle:

If you think that Harper blamed US consumers for nothing as you do then you're wrong. Harper is a smart guy to take the opportunity to promote his party values but also his objective is to build a good relation with US.