Skip to main content

Not enjoying it so far Mr. Flaherty

Harper’s finance minister was at the White House for the G7 meeting, and apparently Flaherty is even more proud about his economic stewardship.
"We are on the positive side and it's anticipated by the IMF that we'll have the best economic growth in the G7 next year, albeit it small economic growth - 1.2 per cent," said Flaherty.
Of course back in April when the IMF first warned that bankers should react more aggressively to the movement in housing prices.
Flaherty said Canada didn’t have to worry about the US housing crisis, it won’t affect Canada.
And then spent $20 billion last week to bail out the banks.
And in June when the IMF specifically warmed Canada that it should cautiously curb spending or risk falling into deficit.
Flaherty rejected their warnings proclaiming that Canada was an “oil producing superpower”.
Only to end up reducing the forecast a month later down to the 1.1% increase the IMF has accepted.
Yep Jim says not to worry, we are going to enjoy his modest growth.

Flaherty had reassuring words for Canada after the meeting, noting the country's economy is expected to enjoy modest growth next year.

Well I’m not enjoying it so far Jim, my modest stock holdings are down to half their value, the interest rate on my equity loan has just gone up, and the telephone has stopped ringing at my business.

There seems to be a bit of a slow down happening here, Jim.

Of course I live in Ontario and I’m not in the business of chopping down boreal forests to mine for oil.

Comments

Mutton Chops said…
Canada enjoyed the fastest pace of job creation in September in the history of the country.

Popular posts from this blog

662

That is the number of Syrian refuges that the Harper government has brought into Canada.

From the Globe and Mail:
However, the government is facing criticism because 2,374 Syrian refugees have so far been settled. Of that number, only 622 - or 26 percent - were assisted by the government. The others were privately sponsored by individuals or non-government. The others were privately sponsored by individuals or non-government organizations. The NDP argues that in addition to private sponsors, the government should immediately accept 10,000 Syrian refugees. Liberal leader Justin Trudeau said the target should be 25,000 government-sponsored refugees, which he estimates would cost Ottawa $100-million.In other words the Harper government that banters around the 10,000 plus refugee number has brought in 622 refugees or about 170 families.

The other 2,352 so called refugees that Harper has allowed to emigrate to Canada consist of wealthy Syrian Christians who paid their own way in, hightailing …

Election close call, Omar, Bob and move over Warren

Wow that was a close one:
With the NDP leading in the polls at the beginning of September, I started to prepare myself, for the very first time in my life, to vote for the NDP. Mulcair looked good enough for me, with some of the best lines about Harper's Government during most of his interviews, except that he would always add the phrase, "just like the liberals" to the end of it and I thought, if I'm one of those Harper hating, Liberal voters that you probably need to vote for you, why the hell are you insulting me with this partisan bullshit.