GayandRight

My name is Fred and I am a gay conservative living in Ottawa. This blog supports limited government, the right of the State of Israel to live in peace and security, and tries to expose the threat to us all from cultural relativism, post-modernism, and radical Islam. I am also the founder of the Free Thinking Film Society in Ottawa (www.freethinkingfilms.com)

Saturday, December 31, 2005

Yes, the RCMP is on a wild goose chase...

Here's my prediction: No charges will be laid for this so-called leak.
Who knew what and when, just before Finance Minister Ralph Goodale announced that income trusts would remain free of corporate tax and that dividend taxes would be cut?

It was common knowledge that a statement was imminent _ and nobody expected Goodale to do anything unpopular ahead of an election.

So an RCMP probe into possible insider leaks could turn out to be, as one Bay Street veteran sees it, "a wild goose chase.''

Goodale made his announcement on Nov. 23 after the close of a stock-market session marked by unusual trading of many income trusts and dividend-paying shares.

That morning's newspapers had reported his promise the previous day to give the trusts issue "the greatest degree of certainty that's possible'' before the defeat of the Liberal minority government in a non-confidence vote set for three business days later.

The minister's move cut short a consultation he had launched in September into the tax treatment of trusts, a process that had been intended to go on until the end of the year.

A story on an inside business page of the Globe and Mail of Nov. 23 called this "a sudden change of timing that experts believe could pave the way for a politically popular dividend tax cut.''

The Mounties, who on Wednesday disclosed a criminal investigation into complaints by opposition politicians of possible insider trading, "are blowing in the wind, quite frankly,'' Ross Healy, president of Strategic Analysis Corp., said Thursday.

"They admitted themselves that they don't have anything and I am baffled as to what they think they're going to get,'' Healy said.

"This just strikes me as being a wild goose chase... I don't think there's anything there to find.''

8 Comments:

Blogger Myrddin Wyllt said...

Martin knew, that's enough to prove a leak.
What the hell is wrong with people, Martin is not King of Canada, he is first amongst equels and has no more right to know the contents of a finance tax anouncement than you or I do.
That it was leaked is already proven by Paul Martin himself, the question now is who else knew and who benifited.
All the BS about lucky guesses is just plain bunk, everyone seems to think ole Ralph is beyond corruption, than he would be beyond corruption from the PMO and would have taxed income trusts as he planed, not caved as he did reguardless of Rotten Paul's interference.
IMHO the PMO leaked to thier friends.
They have motive, millions in debt as a party, shortly before years end for tax de-ductable donations, fighting an election with ZERO cash.
Liberal supporters reacted to this in a fanatical way, claiming that the accusation is worse than the crime, is there such a thing a fundamental Liberalism?
Only fools and fanatics can't see this.

4:25 PM  
Blogger ferrethouse said...

Wow. Two posts defending the Liberals on this subject in one day. You go tiger!!!

Personally, I don't think the Liberals have earned the benefit of the doubt. But clearly you have a soft spot for them.

6:55 PM  
Blogger Greg P said...

Why was it only specific (Liberal-Friendly companies) income trusts that saw the large increase in movement? If it was a general increase in activity across the board, then your explanations would make sense.

The fact that the upswing was seen primarily (only?) in companies that were large Liberal donors (before the election financing reforms in 2004), and are currently supporters of the party/Martin (Martin's private clinic and CargoJet, to name a couple), is, to say the least, pretty damning.

7:45 PM  
Anonymous ann said...

If you go to www.ndp.ca you'll see direct interviews with the RCMP investigator who strongly disputes the agrument that this is a wild goose chase. The NDP have done a good job on their site educating readers about this entire subject.

7:58 PM  
Blogger Ottawa Core said...

ferrethouse:

fred makes his destructive attacks against the team and then bulks up input to hide the insult amongst all his middle east fluff. that way brief passers by won't discern his true leaning.

12:41 AM  
Blogger GayandRight said...

My true leanings? Conservative with a small c. I will critiize every party as I see fit.

1:41 AM  
Blogger Ottawa Core said...

let's see you criticize the liberals...once...please...make me a believer

10:27 AM  
Blogger Road Hammer said...

Look, if you knew Fred, you would find that he is a thinking man's conservative. And, unlike a lot of Tories I know, he is also very respectful of others who disagree with him and doesn't demand that you are either "with him or against him" if you don't agree with his opinions 100%.

If you want to know why the Tories can't hit over 30% in the polls with any regularity, the answer is because there aren't more people like Fred in that party.

4:30 PM  

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