Sunday, January 06, 2008
Well I welcome in a new year but with some trepidation as to the ability of the current government to mange the econaomy.
In November Flaherty brought down a budget that implemented a round of tax cuts. Both he and Harper went out and made speeches about how strong our economy was. Yet, when I read the Toronto Star of Saturday December 22nd I see our surplus had shrunk by $2.7 billion in November after recording the first monthly deficit in the current fiscal year. Last week Harper was our downplaying the strength of the economy to dampen expectations. Lets face it the current Government is fiscally inept! They bring in tax cuts for purely ideological reasons when the economy cannot sustain such cuts.
This does not surprise me as the Conservative governments of the last century have a history of depression/recession economies. We have Bennett in the 30s, Diefenbaker in the late 50s and early 60s then Mulroney in the late 80s and early 90s. We need a change in Government.
Were Harper truly a conservative politician rather than simply a power-hungry politician, he would include with the tax-cuts large cuts in federal spending so that the government would be in no danger of deficit.
Of course, whether such a thing would be good for the country as a whole is an entirely separate debate.