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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?

To: Dirtythirty who wrote (3431)	4/26/2011 12:58:21 AM
From: E. Charters	Read Replies (1) \| Respond to of 3744

A coalition, which is the most likely scenario, would mean markets go down, taxes go up, and economy does a double dip. Sure a few homeless will do better, but there will be quite a few more homeless barring an economic miracle. Don't hold your breath. Canadians will never learn. The Conservatives were doing very well. They had made few mistakes if any. They were riding a popular wave, and then Harper ran a weak campaign. He should have stumped aggressively on their record of doing the best of ANY G7 nation. Canada is alone in not having a bank crisis or a lot of unpayable debt. So what will we get with a coalition? A lot more debt. We are big trouble in Ontario. We have lost our forestry industry as it is too expensive with fuel costs to log and we have a high dollar. Our mining industry is largely spec players and few producers anymore. There is no place to put the money in Canada. We used to build mines with US money. That is over, as our markets are not welcoming money from the US. We have become insular. SO that is over. The US companies fled south with their dollars so our car industry is over. Only oil is holding us up. It will take tough decisions and a majority business oriented government to pull us out of this morass and lead us into a productive future. I don't see liberal policies as capable of doing this. In other words Canada appears to be voting for becoming Portugal. EC<:-}