In the "used to be a newspaper" Sun, they have given him a platform to spew this nonsense.
Well sit down Steve. Because Canadians are not that stupid. And wipe that smirk off your face, because you're going to listen for a change.
As much as I'm no big fan of Alan Greenspan, he made an important statement today. If the United States does not bring down their debt they are going to face a bond-market crisis.
They are running wars on their credit card and giving all liquid assets to the wealthy, who are hoarding the money. Income disparity helped to create the Great Depression.
We are now facing the worst income disparity crisis ever in history. Even in the days of the monarchy, there was never this kind of gap. According to Linda McQuaig and Neil Brooks in the Trouble With Billionaires:
And you want to give them more of our money? Really Steve? Is that really what you want to do?
Most Canadians probably regard extreme inequality as a thing of the past. But while kings and nobles of pre-industrial times enjoyed a standard of living that was wildly lavish and grand compared to the poor in their day, that gap was not as extreme as the one that separates Canadian billionaires from the homeless living in Toronto, Calgary, and Vancouver today. The lives of the destitute may not have changed that much over the past few hundred years, with today's homeless often living on streets or in makeshift shelters in ravines. But the rich have become vastly richer than their pre-industrial counterparts.
Because while you're patting yourself on the back, we are being warned to look behind the headlines:
Beneath the surface, it’s a bit of a different story. Toronto-Dominion Bank economists, for example, cite the rise in part-time jobs, the still weaker showing of the private sector, and a shift to lower-paying work. They also note that the Statistics Canada measure doesn’t account for people who’ve given up on looking for a job, nor does it provide a completely accurate picture of the underemployed.So before you say something that stupid again Steve, I suggest you get out and take a look around. People who had good permanent jobs are now working for minimum wage, never knowing when the axe will fall.
Scotia Capital economists Derek Holt and Gorica Djeric point to one "strong caveat" in today's report, the huge increase of 65,700 jobs in the manufacturing sector. "We have difficulty believing that Ontario’s and Quebec’s manufacturers are so buoyant as to be heavily adding to their payrolls in the context of [Canadian dollar] pressures," they said. "Further, the manufacturing numbers are volatile as evidenced by the 29,000 decline in November swinging abruptly toward a gain of 66,000 in December. Are we really being asked to believe that manufacturers swing that abruptly in their workforce planning in the current environment?"
It's time to put your hat in hand and go after those wealthy friends of yours, and ask them to give back some of those billions you've given them, so we can pay off this country's debts so our children and grandchildren don't have to.
And get out and talk to people, see how they're managing. Many of those who used to have good jobs, got themselves into debt, and now barely make enough to pay rent and food, let alone pay down their charge cards or bank loans.
Maybe if once in a while you showed a bit of concern, instead of making those struggling feel like failures because they don't fit in with your fairly tale, you might stop this nonsense.
More money to corporate welfare bums? Give me a break.