NEITHER COMPLACENCY NOR BULLHEADEDNESS IS THE RIGHT POLICY: While Canadian Finance Minister Joe Oliver was in New York today telling financial reporters that all is well economically in Canada, the latest report on GDP growth was published - showing NO GROWTH in the Canadian economy in July. The country has stalled again, and Mr Oliver is stuck with the same old ineffectual Harper-government bromides which have produced for Canada the worst record on economic growth since the sorry days of R.B. Bennett in the 1930s. Worse still for Mr. Oliver, even the Canadian Taypayers Federation has now gone public in denouncing the governments flagship promise about income splitting. Since the last election, Mr. Harper has repeatedly pitched the notion that he needs to balance the books in 2015 for one prime purpose -- so he can introduce income splitting as a tax cut. But like the late Jim Flaherty, the CTF says this ill-advised Harper campaign promise is too expensive and entirely unfair to the vast majority of Canadians. Said the CTF last Friday: ... The problem with this pledge, presumably written on the back of an envelope as the campaign bus pulled out of Ottawa, is that its been denounced by every credible economic think tank, representing every shade of the political spectrum. Even the federal finance department has weighed in -- that analysis is so damning that nearly everything but the commas was redacted before it was released to the public ... That having been said, will the government change course or will all the complacency and bullheadedness continue?
Posted on: Tue, 30 Sep 2014 17:07:34 +0000
Trending Topics
© 2015