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Tuesday, December 2, 2008

Canadian Coup d'état

From The Hoss's Mouth

In what amounts to a legal Coup d'état, Canadian opposition parties are forming a coalition to over throw the Canadian Government of Prime Minister Stephen Harper. Hoss Cents Free Financial Money Magazine discusses this unprecedented grab for power by Liberal leader Stéphane Dion.

The Canadian Parliamentary system requires that the governing party have the confidence of the House of Commons. If the Government is defeated, The Governor General essentially has two options: dissolving Parliament and sending Canadians to the polls, or finding a new government that does have the confidence of the House.

The makeup of the Canadian House of Commons following the recent election is as follows:
The Conservatives have 143 seats, Liberals 77, NDP 37, Bloc Québécois 49.

The Liberals and NDP do not have enough seats in the House of Commons to form a coalition, so what do they do? Why they invite the Bloc Québécois (the party whose only purpose for existence is to separate from Canada) to join their coalition. This gives the coalition a total of 163 votes and enough to pass legislation. One wonders what concessions have been made to the Bloc in order to gain their co-operation.

Who do they choose to lead this coalition? The leader who, just seven weeks ago, led his party to its lowest share of votes ever and is scheduled to be replaced by his own party in the spring. Yes, Stéphane Dion, will be Canada's next Prime Minister. Who do we have to thank for this dubious honour? Jack Layton of the tax and spend NDP party and Quebec's Separatist party the Bloc Québécois .

The Hoss does not believe this is what the Canadian voters had in mind when they cast their ballots in the last election. The news of this unlikely coalition appears to have spooked the Canadian stock market, which suffered its largest single day drop ever.
Stay on track,

The Hoss

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