Comments on: Conservatives reversed financial mistakes https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/ Thought-provoking commentary on life, politics, religion and social issues. Thu, 09 Oct 2008 18:44:02 +0000 hourly 1 By: Kim Siever https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84188 Thu, 09 Oct 2008 18:44:02 +0000 http://www.ourthoughts.ca/?p=1574#comment-84188 Yes, we are already locked in. They wouldn’t give us our equity loan without extending our term or locking in our rate. I chose to lock in the rate. It’s only about 0.4% or so above the rate we had previously, so we’re still in good shape.

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By: Mary Siever https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84182 Thu, 09 Oct 2008 18:30:07 +0000 http://www.ourthoughts.ca/?p=1574#comment-84182 I think we are locked in…or hmmm, have to check, Kim knows.

Good idea, I will, thanks.

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By: Tyler M https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84167 Thu, 09 Oct 2008 17:44:03 +0000 http://www.ourthoughts.ca/?p=1574#comment-84167 As far as protecting yourself against increasing interest rates I think if you are really concerned you should lock your rate in now for as long as they will let you. It will give you the comfort of knowing that you are secure.

I will tell you that from a Macroeconomic prospective that it is often necessary for interest rates to sky rocket and while it is painful the alternative, which is mass inflation and currency devaluation are worse. I spent quite a bit of time in University studying economics because it opened my eyes to the reason why people make the decisions they do and economies move the way they do. I think one of the more interesting concepts is the non inflationary line of operations and how interest rates, unemployment and inflation are linked. You should look it up I think you would find it enlightening.

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By: Mary Siever https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84165 Thu, 09 Oct 2008 17:38:49 +0000 http://www.ourthoughts.ca/?p=1574#comment-84165 Tyler

I do agree, I don’t know how much protection they can have, but I believe they should. I think this has been years in coming. We have relied too much on the government for things we shouldn’t rely on them for, and not for the things we should. And the government have made promises over the years on things that seem nice in the short run (tax rebates, extra child tax money, etc) but in the long run cause more problems and damage.

I really don’t want to give into the idea that we have unqualified individuals who have too much power (and I know this is what we have), as I think there have to be some out there who can rise above this. Where are they though?

Yes, very true, where we spend our money is where we can have the best control over the economy and if enough of us do this wisely (I don’t know though, if I make the best choices entirely, when spending my money, I hope I do) we can make a difference.

Part of the key is to stand up when we see too much control coming in, and do what we can to change and stop it. But enough of us have to do it to make a real difference. Education and awareness is really the key, I think.

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By: Tyler M https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84161 Thu, 09 Oct 2008 17:30:22 +0000 http://www.ourthoughts.ca/?p=1574#comment-84161 You make some very good points Mary, I am just pessimistic about the influence that goverment can have on protection of property. I am confident with protection of rights and while in this country the judiciary branch seems to have more control over the rights of the people than the legislative branch I feel that the people do have a voice and for the most part are heard. I am not questioning the vision or hope that government will have the capability of creating an economic environment that is free to ebb and flow as needs be without becoming abusive because sectors in the market are not competitive enough dictate proper contols. I am just questioning whether we should hope that government can create this environment or whether we should accept reality that we are dealing with unqualified individuals who if given too much power will create an economic environment that will not allow competition to create proper efficiencies.

I realize I am probably not making my point very clear. I will tell you this we may not care enough to vote but we sure care where we spend our next dollar, and that is where we have real power in the economy.

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By: Mary Siever https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84152 Thu, 09 Oct 2008 17:04:26 +0000 http://www.ourthoughts.ca/?p=1574#comment-84152 Tyler

I too want less government involvement. I am not advocating more control, I am talking about effective leadership where the government is managing it’s role, more correctly. In my current governmental studies, I am coming to understand what we as citizens need to do, and what our government needs to do. Not more control, but more awareness and involvement on our part, less regulation and control from the government and more real leadership. We do need effective leaders, if we don’t, we lose control of what we as citizens can do. I am not talking about ‘blaming’ the gov’t, but expecting them to do their job, which I feel is to protect our rights and property…no not do or give us everything, but to offer protection. And frankly, if they don’t fill THEIR role, it makes it much more difficult for us, who have less power in these matters, to do what we need to do. If my bank fails (and I know, that is worst case scenario, but it has happened in the US) how am I protected? Can I pay my mortgage, my bills? Will I have access to my money, or is it all lost? What happens if the interest rates skyrocket? Can I personally control that? No, I don’t see how I can (unless you have insight as an accountant about this, I am still learning).

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By: Kim Siever https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84148 Thu, 09 Oct 2008 16:44:16 +0000 http://www.ourthoughts.ca/?p=1574#comment-84148 True, but in the last five federal elections, NDP have gained in popular support in Lethbridge. They increased by 71% in the last election alone.

I don’t know if that trend will continue, but if it did, maybe we’d have some options here and some attention.

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By: rick https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84132 Thu, 09 Oct 2008 15:49:04 +0000 http://www.ourthoughts.ca/?p=1574#comment-84132 If I were a supporter of the NDP, Greens or Libs, and I lived in this area, I might be a bit lazy about voting too. It’s a bit like spitting into the wind around here; at least federally.

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By: Kim Siever https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84130 Thu, 09 Oct 2008 15:40:02 +0000 http://www.ourthoughts.ca/?p=1574#comment-84130 Which brings up a good point, Tyler. The Lethbridge Herald reported this morning that voter turnout for advanced polls is unusually low.

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By: Tyler M https://www.ourthoughts.ca/2008/10/08/conservatives-reversed-financial-mistakes/comment-page-1/#comment-84127 Thu, 09 Oct 2008 15:32:52 +0000 http://www.ourthoughts.ca/?p=1574#comment-84127 I think we have to be very careful when we associate things like inflation with government. Yes I agree that government can influence inflation but they do not have absolute control over it. There are far too many factors in the economy to expect that government can control the economy.

My question is are we tighter in our budget because spending went up or taxation went down. I am being taxed less now than I have ever been. I am always in favour of less involvement by the government because to be quite frank we don’t pay them enough to get the real quality people we need to solve social and economic problems. The best we can hope for is that the ones that get voted into power won’t screw it up too bad. If we really wanted proper governance we would pay them more and get a better than 50% voter turn out.

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