The Editorial in yesterdays Edmonton Sun was a piece of fiscal fiction. Pulp fiction reads better, and the supermarket tabloids are more reliable on economics. Really they claim that the loonie is doing well because we elected a Conservative government.
Stretching the facts, really stretching, really, really stretching, they try and equate the dollars rise and fall with the coming and going of Conservative federal governments. Except for its rise under Trudeau, oh and its fall under Mulroney. What twits.
The loonie is rising because, as I have reported here see links below, it is now the international petro dollar, and because we are now in a floating exchange rate. It rose last week because the US dollar fell. Not because we elected the Harpocrites. But hey the Sun being the Sun would claim the Conservatives make the Sun rise in the east. After all it is an Eastern paper transplanted to the west.
A tip o' the blog to the Dan Report for this.
See:
Forward To The Past
Boom Boom
Alberta's Boom = Ontario's Bust
The Real Debt and Deficit Crisis
Canada's New Finance Minister?
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2 comments:
Actually Eugene the twits are half right, the loonie is soaring because of the election of a Conservative government, just not in the country the editorial says. The loonie is soaring because of the horrible fiscal policies of the Conservative Republican government of George Dubya Bush.
Exactomondo
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