17 October, 2009

- Best to give Harper the boot now


Wrong on the right, Since the Conservatives have morphed, maybe Canada needs a new party, By MICHAEL DEN TANDT,16th October 2009
http://www.torontosun.com/comment/columnists/michael_dentandt/2009/10/16/11420341-sun.html#/comment/columnists/michael_dentandt/2009/10/16/pf-11420341.html

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Harper is only interested in obtaining and maintaining power and Canada be damned.

He approaches the people in Canada on an emotional, fear mongering basis. The reduction in GST by 2 points is a prime example and it is in the open that Harper did this knowing that virtually all thy economists in Canada said it was the wrong thing to do.

His strategy for the economy is to do nothing and it will grow itself out of deficit, in 5 to 6 years - wow, what a great excuse to keep Harper in power, we wouldn't want to disrupt they recovery plan. This is like someone max'g his credit cards out on the basis that sometime in the future he will get a higher paying job and pay them off.

It is time that we put some rationality into the way the country is run and it certainly isn't with Harper at the helm.

Micheal, you suggest that if interest rates increase in the US their resulting downturn will hurt us. However, we must all keep in mind that if interest rates start to increase in other countries then Canada will be forced to do the same. This applies not just to the deficit but to the debt which is almost 10 times larger. The deficit may well balloon out of site then. This is not such a far out scenario and in fact we say the markets acting on this interest domino effect theory and week or so ago.

Best to give Harper the boot now.

Lloyd MacIlquham cicblog.com/comments.html