Mike's Daily Comment

Why Isn’t The Government Bailing Out Sears?

 

With the Government bailing out the Montreal Grand Prix, Honda, Ford and the Bombardier family just to name a few that have occurred this year, what is it about Sears that Government doesn’t want to bail it out with your tax dollars? Why not this particular private business?

…related from Mike: The Impact of Amazon’s “Just Walk Out Technology”

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Record Government Revenues Are Still Not Enough

The real message from the BC Governments upcoming surplus is “Bigger Government All the Time.” No thought of returning the excess to those who earned it, not even close. In spite of revenues exceeding expenditures, both the Greens and BC NDP is already on record to raise more taxes. The socialization of Big Government is so successful the only thing that separates the parties is how fast they’re going to grow the Government. 

…also Michael’s Mid-Week Update: Whereto Oil, UBER & Sears

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Mid-Week Update: Whereto Oil, UBER & Sears

Despite OPEC still talking about producton cuts which had Oil in the fities in April, Oil breaks below $43 today setting up big problems for Canada’s economy and its deficits. The main driiving force behine the drop in Oil is how easily American frackers have been in ramping up their production and lowering their costs. Meanwhile the “rest of the world” has been very slow to embrace fracking, but when they do it seems inevitable that they are going to add to the low cost supply of oil. Amateur hour is over with UBER’s CEO resigning with their stock trading at a value of 68-70 Billion dollars. Mike describes UBER’s pioneering and dynamic new “Family Program”. Sears, another of the great traditional retailers is preoaring to file for bankruptcy potentially throwing 16 thousand out of work while Amazon continues to expand. 

….also from Michael: Financially Illiterate Graduates a Political Boon

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Financially Illiterate Graduates a Political Boon

 

Students who have no awareness of the 1.3 Trillion in government debt they will be spending their lives paying off, or have no idea what an unfunded pension liability is that they will be on the hook for might be forgiven for advocating big government. Since the school system doesn’t make them aware, it will be no surprise when they get very angry when they find out they are grossly in debt before they have even begun their working lives!

…related from Michael: Socialism Gets Slammed by…..Socialists

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Socialism Gets Slammed by…..Socialists

 

After 5 years of socialist rule in France, the socialist party dropped from 280 seats to just 29. As the new majority leader Macron said, France had become Cuba without the sun. Now the chairman of the French Socialist party declares the left must change everything about itself, including its form, substance, ideas, and organization. That’s France, and its not going much better for socialist countries elsewhere either.

…speaking of socialism, from Michael: Corruption on a Gigantic Scale

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