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The government doesn't even agree with itself....

CBC News - Money - Carney: Don't be seduced by low interest rates


So six months ago, the government was telling us things like:

"We're on the road to recovery."
"Consumer confidence is the key to the turnaround."
"It's time for business as usual."

Basically, the message was to go out there and spend money. Now, backtracking faster than a hunter who came across a grizzly, the government is telling us to stop and think a little bit. (What??? They want us to think for ourselves? So much for the single-brained society I thought they were trying to acheive.) Why is anyone surprised that debt has gone up during this economic downturn? Where do they think people who had been laid off were going to get money from? Not the friendly Canadian government, to be sure. Oh, wait, let's go to our neighbourhood bank, who is more than willing to lend us whatever we need to get back on our feet. Has anyone else noticed the rising price of big bank stocks recently. (Go check it out, I dare you!) Royal, TD, CIBC and BNS are raking in the dough. Thanks to us good obedient Canadians who followed the government's advice to keep spending like normal. And guess who comes out on top? Not you or I, oh average middle-class Canadian. No, it's the big banks, who just got bigger.
How to combat this? Well, maybe we should invest in those so willing to gouge us.

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