27/04/2011

Corporate Canada Doesn't Have a Vote

I read in the paper this morning that corporate Canada is concerned about the NDP surge and particularly the possibility of  Jack Layton becoming Prime Minister. The fact that there is much hand wringing in corporate  board rooms should come at little surprise. I would imagine any big corporation facing tax cuts implemented by the Harper crowd would worry about extra taxes and if Jack gets in power they will have to re-think their lobbying strategy on Parliament Hill. Doors won't be propped open in anticipation of their arrival any longer.

Hold on to your hats over the next few days. Corporate spokespeople will be speculating that the NDP surge will lower the Canadian dollar, create financial instability and threaten you with higher mortgages. The thing to remember that these bright lights in the economic brain trust are the same bunch whose incompetence brought us the recent economic collapse.

The real question the media should be asking is "Who cares what corporate Canada thinks?"

The best thing corporate Canada can do is butt out. Wake up boys and girls of the fourth estate, corporate Canada doesn't have a vote and seldom look out for any interests other than their own..

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