As a follower of Canadian politics, I've ceased being surprised by the regular swings in the supposed consensus opinion in Canadian politics. Every pundit and politico will know something to be the case one day (election for sure) and then the next day they'll all know the opposite (election, no way). I've ceased being surprised by the regular 180s in consensus opinion, but I am still amused by how fervently they all claim to know it. Sure, we believed the opposite yesterday, and may flip back tomorrow, but today we're certain, dagnabbit!
Monday, March 21, 2011
Choose your own confidence week adventure
Friday, August 28, 2009
Quiet! Harper the economist is speaking!
Shhh!. Stephen Harper, economist extraordinaire, is speaking! Let's all listen:
Canadian Prime Minister Stephen Harper said today he will balance the federal government’s budget after the recession ends without reducing program spending or raising taxes.
Harper also said he will “never” cut money transfers to provinces, which are largely used to fund health care spending. He spoke to reporters in a televised press conference in Quebec City.
“At the end of this recession, we will go back to a balanced position and there is no need to cut program spending or increase taxes in order to accomplish that,” Harper said. “The Conservative government will never cut transfers to the provinces.”
So, if you're scoring at home, Harper is promising a budget deficit that his government vastly underestimated (and still does), a structural deficit that pre-dates the downturn, will be magically balanced without raising taxes, without cutting program spending, and without cutting transfer payments.
Either Harper, who is an economist don't you know, has some sort of economist budget balancing magic wand, or he's planning to get the hell outta dodge before the bills come due. Recommend this Post on Progressive Bloggers
Sunday, November 23, 2008
Stephen Harper and deficits
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.
Recommend this Post on Progressive Bloggers
Saturday, September 06, 2008
Harper's $8.8 billion spending spree
As the Canadian Press reports, Stephen Harper's Conservative government is on a pre-election speding-spree. The Canadian Taxpayer's Federation tallies the running total at some $8.8 billion, with 2 days to go:
The Conservative government, which is on the verge of launching a national election campaign, has pledged $8.8-billion as part of 293 announcements in the last three months, according to figures released Friday by the Canadian Taxpayers Federation.
...
Over the last number of weeks, the government has issued a myriad spending announcements - such as $80-million to help revive a mothballed auto engine plant in Windsor, Ont.; $2.9-million aimed at helping organic spinach farmers; and $2,000 for a festival in Shag Harbour, N.S., to commemorate a 1967 UFO sighting. Those announcements continue today and are expected to continue up until Sunday morning.
"I wouldn't want to be a government bookkeeper when the waves of spending receipts from July and August crash into the finance department," Mr. Williamson said. "Of course, taxpayers will be even more distraught, and some livid, since they are responsible for paying the government's bills."
Now, of course all governments do this sort of thing. I recall Paul Martin rang-up a hefty bill in 2005 that was one for the record books. He said at the time this was all stuff already in the pipe, and with the opposition forcing an election they had to rush it out. Partly true, I'm sure, and partly pure electioneering. And the Conservatives say now much the same thing, that all this spending was booked in the last budget, although the CTF seems concerned this may slide us unto deficit.
Anyway, pre-election spending sprees are to governments as coffee is to Tim Horton's. Nevertheless, as it often is with the Conservative Party, the issue here is really the difference between their rhetoric and their reality. They were vehemently opposed to this kind of thing before. They'd never do it, they said:
"The Liberal party thinks public money is a party election fund," said Harper.
He said it's hard to take the government seriously when it promises billions of new dollars for everything from residential school compensation to new planes for the air force.
"Since most of these announcements aren't funded in any of the three budgets the Liberals tabled this year, why should anyone believe these promises?" Harper said.
That was 2005, though. Things have changed.
Now they held the pursestrings.
Recommend this Post on Progressive Bloggers
Saturday, March 29, 2008
Saturday afternoon stats
While the Conservative attack machine likes to use out of context statements to misrepresent Liberals as big spenders, the facts don’t lie: it’s the Conservatives that are shoveling taxpayer dollars out of the back of a truck at unprecedented levels:
The numbers speak for themselves. And what’s more, despite massively ramping-up spending the Harper Conservatives are cutting back in the areas that are priorities to Canadians, and have made petty ideological cuts, such as to the Status of Women and the Court Challenges Program.
Hopefully by the time Jim Flaherty is done spending like a drunken sailor, and waging a campaign against the province that is the engine of the country’s economy, he won’t have left too big a mess for the next fiscally prudent Liberal government to clean-up.