With an election almost a sure thing this spring and the Conservatives promising to run on their handling of the economy, it's time to break down the myths.They have not been prudent fiscal managers, but have been gambling away our economic future.
And our job market is not as strong as they would have us believe. They are now spending our money to run ads on "better jobs" but I visited the site, and it contains little, other than more photos of the big guy.
And the Globe's Barrie McKenna says: Flaherty’s broken record on Canada’s fiscal propriety is wearing thin.
I agree.
We only survived much of the economic crisis because our banks are regulated. But in 2005, Stephen Harper, then leader of the opposition, tried to get Paul Martin to deregulate banking. He didn't and it's a good thing, or we'd have been in even more trouble than we are now.
The Liberals cleaned up Brian Mulroney's mess and that's what they should focus on when the economy is raised. Paul Martin also put things into place to protect our banks and Canada Pension. Flaherty is instead allowing the private sector in and that will not be good.
Following is my latest video offering:
Don’t forget the secret bank bail out of $125 billion.
ReplyDelete$ 125 BILLION, that’s billion, billion dollllllars.
snip snip The banks were actually "bailed out" to the tune of $125 billion just before and after the 2008 election — in the form of a massive purchase of questionable mortgages and other "rotten paper," in the words of one economist, held by them.
This was done through the Canada Mortgage and Housing Corporation, a federal agency. The taxpayer is now on the hook for these mortgages, 40 per cent of which are considered at risk, with more to come if interest rates rise and the economy dips again.
http://thechronicleherald.ca/Columnists/1188139.html
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G&M: If Steve Harper’s an economist, I’m the Queen of Sheba
ReplyDeleteThe ammunition to bury the Conservatives is overwhelming. Yet a majority of Canadians still don’t see it.
http://www.theglobeandmail.com/news/politics/second-reading/gerald-caplan/if-stephen-harpers-an-economist-im-the-queen-of-sheba/article1769401/
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It’s the economy, Scott Brison says, and the Tories are stupid
ReplyDeletehttp://www.theglobeandmail.com/news/politics/ottawa-notebook/its-the-economy-scott-brison-says-and-the-tories-are-stupid/article1861467/
“This Conservative government wrecked Canada’s finances after inheriting a $13-billion budget surplus from the previous Liberal government and then created a record $56-billion deficit,” the opposition finance critic said.
“Furthermore, it was our Liberal government that ensured our banking system was well-regulated and it was the strong financial prudence and regulatory prudence that protected Canada from the worst of the global financial crisis.”
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