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		<title>gdp's Comments</title>
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		<link>https://www.intensedebate.com/users/180393</link>
		<description>Comments by Rocker</description>
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<title>rabble.ca Canadian federal election blog : Harper&#039;s Steady Hand Is Off the Wheel </title>
<link>http://election.rabble.ca/post/50454898#IDComment6392753</link>
<description>Unfortunately people are greedy and the past governments have not centralized any regulation on the Canadian stock markets.  Speculators and larger mutual companies have over run the current markets, loses on mortgages saw many investment firms hedge oil up in order to recover losses.  The fall of the price of oil in the last month has only lead to the bankrupcies of Lehmans, AIG and Meril Lynch.  Blaming a head of state for any market condition is ludacris as it is the responsibility of the regulators to enforce the laws.  It is however best to recognize that Canada&amp;#039;s commodity based market will continue to be susceptible to down turns.  The tax reductions to businesses should prove to be more beneficial in building high wage jobs which are not Manufacturing, but Office positions.  Unfortuately peoples greed in the US has lead that market astray, as people who earn $8.00 / Hr. were given mortgages for homes costing $300,000 with zero down and payments lower than the principle interest rate, for the first 2-5 years.  This was not a mistake of the government, but the regulating agencies and the financial institutions.  Many morgage brokers and builders are currently under investigation. </description>
<pubDate>Wed, 17 Sep 2008 14:58:09 +0000</pubDate>
<guid>http://election.rabble.ca/post/50454898#IDComment6392753</guid>
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