Politics

Politics can be a huge issue with people. Now we all have the added problem of this recession. So..what do the politicians do? The biggest crier in all of this is the auto industry and the banks. Since they cried the lowest, they get the money. In Canada, the government bought back the 25% of all the mortgages that CMAC covers. Alright, so that opens up some credit for the banks. That still doesn't solve the problem. The banks were giving out loans to people for more than they could afford when the interest rate was low. Suddenly the rates go up and your lovely monthly mortgage goes from $800 a month to $13-1500 per month. Uh oh. Bet your income didn't increase by that much! The banks got the bailout money, not you, and the banks keep going and give out those same mortgages again.

Problem number 2 in Canada is the EI. I love the idea of having EI, I really do. I've used it before, as have many people in my family. It's great in these times. Now, in this type of recession, it puts a big drain on the EI system, but that's what it's there for, right? Only problem, is that you always had a 2 week waiting period before things got going, then another 2 weeks before you got any money. That was best case scenario. It could have been upwards of a total 6 weeks before you got money. Bills would be almost doubled up by then, and groceries would have run out. Ignatieff becomes head of the Liberal party and decides that's not good enough. Fair enough. You cut out the 2 week waiting period. Well, he's now complaining that it still isn't fast enough. No shit sherlock! He has forgotten 2 very crucial pieces to this puzzle. First, employers have 2 weeks to get your Record of Employment to you. Second, the processing time varies because of a lack of workers to do it. What does that mean? If your employer doesn't give it to you as soon as you walk out on your last day of work, you end up still having to wait about 4-6 weeks for your first check. Nothing has changed. It's only in an idea situation that you can file the day after you finish work, and have an EI cheque in the mail 2 weeks later. To not have a break in money would be wonderful, but not realistic.

What do we all do? We are all forced to sit here and wait for yet another election to spend even more government money during a recession. And we are forced to take it. Ignatieff is forcing an election that is going to see his party fail miserably. The Liberals have no money and need to be PM to give their party a boost. I hope that this doesn't happen. I think that people will be forced to vote PC again just because Iggy is a moron and called an election that was completely unnecessary.