Obama suggests stocks are cheap, as harper had said.

Nothing seems to rile up the masses more than these two topics. As a result you can only talk about either in here. this forum will not be moderated, however if it gets really ugly you can report a post

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pik
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Obama suggests stocks are cheap, as harper had said.

Post by pik » Wed Mar 04, 2009 9:35 am

Remember all the trouble Prime Minister Stephen Harper got into when he suggested last fall that Canadians take advantage of the falling stock market?

"I think there's probably some great buying opportunities emerging in the stock market as the consequence of all this panic," he said in the midst of the federal election campaign.

Man was he nailed for that. How cold, how insensitive, how oblivious to the suffering of the Canadian people.

"I couldn't believe what I was hearing from the prime minister, to make that kind of flippant comment when people are literally wondering whether they can retire, they're wondering whether they're going to be able to pay their mortgages, they're wondering how they're going to get by," said Jack Layton. "It just left me shaking my head."

Stephane Dion thought it was just utterly incredible.

"It shows how much Stephen Harper is insensitive and out of touch with ordinary Canadians," Mr. Dion said. "I can't believe he said that."

Maclean's magazine waited four months, and then pointed out that the markets had fallen since Mr. Smartypants Prime Minister's investing advice. The Globe and Mail was still clucking its tongue in January, comparing Mr. Harper's comment to Calvin Coolidge, the former U.S. president who advised Americans just before the Great Depression that stocks were "cheap at current prices."

So can you imagine the hullabaloo when word gets round that President Barack Obama echoed Mr. Harper's remark today during a meeting with British Prime Minister Gordon Brown?

According to Bloomberg: "U.S. President Barack Obama said “buying stocks is a potentially good deal if you’ve got a long term perspective.” He spoke at a press briefing in Washington while meeting U.K. Prime Minister Gordon Brown. "

What? Oh my God. The insensitivity of the man. Doesn't he know Americans are suffering? Someone call Jack Layton -- poor man's head must be swivelling like a top.

It'll be all over the headlines, I'm sure. In fact, I'm going to check the NDP web site right now. I'll bet it's just incandescent...



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