20 November 2006

Has Bob Rae learned anything?

So, everyone admits that Bob's time as Premier of Ontario is the big skeleton in his closet, his Achilles heel. Although the recession can be blamed, the fact remains that Bob raised taxes in a vain attempt to deficit spend Ontario out of a recession, a recession that lasted longer here than in the other provinces (or our neighbour to the south).

Bob says he's learned from his mistakes. But has he?

Since April, Bob has borrowed over $700,000 from his brother John to finance his campaign. If Bob can't even keep his fiscal house in order for an 8 month leadership campaign, how are we supposed to believe he can skipper the good ship Canada?

Actions speak louder than words, and clearly Bob hasn't learned much.

4 Comments:

Blogger CuriosityCat said...

What a pathetic argument.

Try again, but go for some substance next time.

November 20, 2006  
Blogger Penny said...

How much have the other candidates borrowed and/or spent, Gavin?

I have no idea what is a reasonable amount to spend, how many delegate votes money can buy, and how much of what is spent is done with a view to positioning for the next federal election too -ie. getting "ordinary" people to know them and want to ote for them.

PS. Does anyone else feel the same delight when the word verification letters are a shoe in??

November 20, 2006  
Blogger Gavin said...

Penny, you can find the leadership returns here:
http://www.elections.ca/content.asp?section=fin&document=lib2&dir=lea&lang=e&textonly=false

On the first return, which covers the entire race up to the beginning of November, Bob had raised $993K from 858 individual donors, and he had $705K owing, $125 of his own money and the rest in his brother's name. On the second return he adds $23K from individuals and $140 from his brother. So that's $845K in family money, or 83% of the $1,016K raised from everyone else put together.

Total numbers ($ 000's) for the other three leaders are:

donors loans (%)
Iggy 1,081 170 (16%)
GK 454 202 (44%)
Dion 284 430 (151%)

So I think it's fair ro say that Bob has borrowed twice what the next candidate has; that candidate, Stephane Dion, is also in the poorest financial shape of any of them and borrowed twice agains as much as the next.

Kennedy has run a tight ship and Ignatieff has been flsuh with cash from donors, largely eschewing debt.

Wise? Time will tell - with that debt Rae has been able to outspend Iggy almost 2:1, and Kennedy more than 3:1!!

G

PS CuriosityCat - you're right. I'm just making this up. Go back to sleep.

November 21, 2006  
Blogger Gavin Magrath said...

Obviously "$140" should read "$140K" from his brother in the second paragraph.

Also, Bob's debt has only let him outspend Iggy 3:2, not 2:1, and Kennedy just under 3:1 not just more than 3:1. Calculators, they're here for a reason.

November 24, 2006  

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