Wednesday, September 17, 2008
Tough Economic Times - Harper Tries To INCREASE Canadians' Debt Load
Is it just me, or am I the only person taking a sane look at Canada's current political reality? Lord knows the "journalists" aren't being "investigative" these days...
Just look at this lunacy:
At a time when the economy is slowing - maybe even towards the "r-word" - the "great political genious" (Saint Stephen, if you haven't already figured it out) is promising to help Canadians INCREASE their debt burden. That's right. You too can take on a 40 year mortgage, and get a $750 dollar incentive - if you're a first time buyer.
That's right. Take the most vulnerable buyers - first timers - at a time when the real estate market is at an all-time low. Give them an INCENTIVE to get into the biggest purchase of their lives, at a time when it's probably worst to do it. Better yet, (this is the kicker) you actually aim the incentive at helping the realtor - to "help close the deal".
That's Harpernomics. Voodoo economics. Don't help with potential fallout of a poor economy on new home-owners. Don't consider helping people retrofit their homes with more efficient equipment to save a few dollars when heating costs will go up. No... keep fueling the machine. Keep those consumers buying like Daddy Bush says.