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Mr. Balsillie, through a link at RIM in Waterloo, said economic stimulation is a necessity in the current economic climate. Problem is, he suggested, none of the great leaders of our time know what to do under the current economic climate, even U.S. President Barack Obama.
"Everyone is lost. The only thing some of them are good at is giving the impression, the illusion, the facade, that they know what they are doing. I absolutely, categorically assure you no one knows what they are doing right now and they are terrified."
Mr. Balsillie's fix-it suggestion took his audience back to medieval times, when Catholic cardinals were rounded up, placed in a church with bread and water and left to their own devices until they exited with a pick for a new pope.
He referenced Humpty Dumpty and fast food drive-ins.
"Reinflating Humpty, reinflating the economy or putting Humpty Dumpty back together again is insanity but allowing inflation to happen is chaos," Mr. Balsillie said.
An accomplished athlete and fitness enthusiast, he suggested the economy is about how we live, lamenting the fast food lifestyle, where people drive oversized cars to drive-thru restaurants and end up relying on doctors to fix years of poor lifestyle choices. "My instincts say that part of the answer lies there -- that is, we look after where we live and look after ourselves emotionally and physically and look after each other. Then the whole thing settles in a nice way."