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Response to shockedcanadian (Reply #4)

Mon Apr 30, 2012, 04:43 PM

5. You are correct in that the failure is all around.

I believe it is systemic. We have a had a failure of leadership since the 1980's in both the Conservatives (egregiously) and Liberal (more sublime). And I agree that the NDP failed by not speaking out about the bailout at the time also, because to do so would not have been politically expedient (ie further casting them as the dreaded socialists and weakening their drive towards the centre.)

In the past when great national challenges arose, Canada had the leadership to confront those tasks. Whether through linking the country by rail, and later by the Trans-Canada highway, being early players in nuclear energy and aviation or by confronting the fuel crisis in the 1970's, by creating Petro-Canada. They were bold, risky and visionary steps taken, and were not handouts to the banking industry that we are now beholden to. They were investments to our infrastructure and future generations, not a band-aid solution used to stabilize one bubble only to create a debt nightmare down the road.

Similarly there is great failure of Canadian citizens by being gullible, disinterested and self serving and not demanding both visionary and transparent leadership and also a vibrant antagonistic press. It is deeply disturbing that as you state, "Despite Access to Information requests for the data, the Bank of Canada refuses to release it,". However the Globe and Mail did run a small article about this a few years back, and alternative media did cover the story. The initial $76 billion was not a secret. The established media in this country decided on behalf of Canadians that it was either not important enough, or that Canadians wouldn't/shouldn't care.

As much as I like to skewer the Conservatives, it is true that there is enough blame to go around.

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Arrow 5 replies Author Time Post
shockedcanadian Apr 2012 OP
GOPonziconz Apr 2012 #1
snagglepuss Apr 2012 #2
Joe Shlabotnik Apr 2012 #3
shockedcanadian Apr 2012 #4
LineLineLineNew Reply You are correct in that the failure is all around.
Joe Shlabotnik Apr 2012 #5
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