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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (7260)11/6/2000 11:58:42 AM
From: SBHX  Read Replies (1) | Respond to of 30051
 
OT: bosco,

Extremism from either side is never good, but like the old saying goes, the pendulum always swings back. Things are also too complicated to be reduced to single issues, but the bulk of the problems in canada in the last 20 years has to be attributed to excessive spending, big govts, higher taxes and the vicious cycle that goes between the three.

Even the universal health care, which is definitely a good thing is not free : it eats up a great big chunk of the govt spending and hence a huge chunk of the taxes. At the rate it was going in the 90's, it was unsustainable without massive debt load or punitive tax rates, or both (which it is).

Respectfully, no cow is ever so sacred or holy that it cannot undergo some scrutiny to hunt for inefficiencies. Not even universal health care.

SbH
-This is it --- that election thing. Will I look foolish buying back all those stocks I sold at much higher prices, or will I get a bargain coming back? Right now, the evidence is pointing to the former.