Stephen Harper has come a long way on deficits in less than two months.
October 7, 2008:
He also ruled out running a deficit during any years of a Conservative mandate, a day after appearing to soften his stance on emergency spending.November 22, 2008:
"I think I was asked one question whether I would run a deficit and I said no. That's my answer," he told reporters after his speech.
“...budgetary deficits are essential.”
In the second article, Harper goes on to tout his credentials as an economist. One wonders what kind of economist would, a month and a half after declaring no deficits and touting good buying opportunities on the markets, would compare this economic crisis to the Great Depression:
"The financial crisis has become an economic crisis, and the world is entering an economic period unlike, and potentially as dangerous, as anything we have faced since 1929," Harper said in an address.
Not a very good economist, I think. Or maybe just one who was running for re-election at the time.
Still, lots of bargains on the markets these days.
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