Being that I'm a middle aged man, I remember a recession less than thirty years ago where Canada could have only dreamed of a 6.9% unemployment rate (it was double-digit then) and1% inflation not to mention the lowest interest rates in Canadian history.
Yet here it is, an orgy of spending that would even make Trudeau do a double take!
Now I'm sympathetic to Harper's government in that he's got a minority and has to bring down this budget to remain in power, but really... is it worth remaining in government when you're going to lose the next election anyway? Better to have fallen on his sword and let the Liberals take over so they can wear the blame for the recession. (Even though government in Canada didn't create it... voters don't make that distinction.)
Who would have thunk it only six months ago? I'll close by saying that I think everyone in Ottawa (from the politicians to the pundits) has forgotten their history. This recession bears little resemblance to the one in the early 1980's. People aren't supporting 15% interest on their mortgage payments and the 6.9% unemployment rate we're currently experiencing is a fart in the breeze compared to back then.
Yep, Conservatism is dead in Canada, and so is Stephen Harper's future as Prime Minister. He's going to wear the blame for the recession whether he likes it or not and his party is going to lose the next election. About the only good thing I can predict at this point, is the NDP will probably be reduced to 9 or so seats when it happens and I won't have to see Karate-Chopping Jack Layton on the boob tube anymore because he's be done like dinner.
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