Monday, May 28, 2012

Someone's Face Must Be Red


In an article published Sunday, McGregor claims that  Mulcair and his wife have remortgaged their West-Island Montreal home 11 times since the 1980s.

Land records show that the Mulcairs' paid $64,000 for the home in 1983, with a $56,000 mortgage from the Caisse Populaire du Lac St. Louis at 10.7 per cent interest — the going rate of the day. The couple then obtained loans against the home  in 1984, 1987, 1988, 1990, 1996, 1997, 2001, 2003, 2006 and 2009.

Moreover, in 2010, Mulcair and his wife obtained a line of credit from the Royal Bank for an undisclosed amount.

"It is unclear why Mulcair would need to refinance the modest two-garage home in Beaconsfield so many times, bumping the value of the mortgage from $58,000 to $300,000," McGregor wrote, clearly implying that Mulcair is a poor financial manager.


Mulcair was quoted last week as saying people will "never hear me speaking against the development of the oilsands" but in the March edition of Policy Options magazine, Mulcair bashed Prime Minister Stephen Harper's position on oilsands development and called it "immoral."

"We know that it is impossible to maintain the current manner of tarsands development without seriously affecting the health of human beings - and without destroying important ecosystems forever. He (Harper) is currently placing the largest ecological and economic debt imaginable in the backpacks of our children and grandchildren," Mulcair wrote in the piece entitled Tarsands: Dirty Oil and the Future of a Country.


Tom Mulcair is dialling back the NDP's anti-oilsands rhetoric as he prepares for his first visit to Alberta's massive, unconventional petroleum deposits.

The NDP leader is to tour Suncor's oilsands project near Fort McMurray on Thursday.

The visit is akin to walking into the lion's den for Mulcair, who has been lambasted by western premiers for blaming booming oilsands exports for artificially inflating the Canadian dollar and, as a result, hollowing out the country's manufacturing sector — a phenomenon dubbed the "Dutch disease."

I'm sure it's just a misunderstanding. A lot of people question the very profitable and much-needed oilsands with words like "immoral" and "tarsands" all the while having no idea what they are talking about. I'm sure it's nothing.


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