Showing posts with label surplus. Show all posts
Showing posts with label surplus. Show all posts

08/06/2011

The Harper Economic Record

Jim Flaherty would have Canadian’s believe that the retread budget and the fiscal policy he intends to inflict on us Canadians will save us from another recession and bring prosperity back to the country. The only way to do that he says is through cutting fat in Ottawa. When he talks about bloated Ottawa administrations somehow I don’t think he is talking about the PMO. Don’t expect cuts there.

Flaherty expects Canadians to believe that the Blue Meanies alone can save us all from financial oblivion. I think he expects us to believe that if it wasn’t for him, Harper and the rest of the Blue Man group we would have gone the way of Ireland long ago.

Now he boasts that the Conservative policies will bring us out of deficit spending by 2015. A year earlier that expected. No one actually believes he will but, it gets good media coverage and Canadians are a forgiving lot. After all this government has the new and daunting task of keeping the spendthrift socialists away from the door of the Bank of Canada vault.

What Flaherty forgets is that without the unnecessary reduction he made to the GST, we wouldn’t need to make the cuts he is now suggesting are crucial.

The other thing that Harper and Flaherty don’t ever want Canadians to look closely at is what the Conservative financial record really is.

Brian Mulroney in 1993 had run up a $38 billion deficit. Canadians were shocked. 

Under Liberal leadership, Jean Chretien and Paul Martin had beaten the deficient and by 2006 when he lost the election the Government was running a $16 Billion surplus.

Under the Harper/Flaherty regime the deficit is up over $55 Billion.

And these guys ran on their economic record. We must be really stupid.