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The Tories will play the economic card once again – don't fall for it

Special to Globe and Mail Update

Being consistently wrong doesn't make things better ...Read the full article

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  1. C K from Vancouver, Canada writes: Jim - too late, I changed $5,000 to US$ immediately on seeing that this coalition has a good chance of being the next government. For good measure I bought a bunch of Euros too. Next step, place those funds in my US accounts away from the socialists.
  2. Ken K from Canada writes: Mr Stafford's words do not tell the real story. He is employed by the union that will be most impacted by the restructuring of the North American auto companies. As one the executive group in the CAW he is desperately looking for the government to breath some life back into the goose that he has helped to throttle. While Mr Harper deserves the mess he finds himself in since he is the one that 'threw the blood into the waters', don't be mistaken about the motives of another even more ideological group. Mr Stafford wants the coalition because they are likely to provide more taxpayer cash with fewer conditions to a cover up the failings of the North American auto industry. Just remember, these short term spending sprees have a consequence; it is rampant inflation.
  3. C K from Vancouver, Canada writes: Steve... yep... that's so true. Explains why Britain and Canada were such economic powerhouses in the 1970s... brilliant socialist leadership. Listen - not all of us are raging neo-Cons.... heck, we may not even vote for a couple of elections. Most of us in Canada are just trying to get by, save for a house and their kids education. We believe that government should not meddle in things it can't possible fix and be judicious with how it spends our tax money. The last government to live up to that promise was the Chretien Liberal governments... if Chretien was a neo-con, racist etc... then I hope we get more government like that. Put the books in order, tell the separatists to step off and let us live our lives. Please tell me what was so wrong with the right-of-centre Chretien Liberals????
  4. R. Carriere from Maritimes, Canada writes:

    Nice try!

    This is a clear coup d'etat by opportunistic MPs putting to shame both democracy and the will of the people.

    In the last election, 5 different Parties with 5 different platforms presented their case to the Canadian public.

    The Canadian public responded by giving the CPC 30 more HOC seats than the COMBINED total of the NDP and Liberals.

    As for the myth of uniting the left, anyone with the slightest bit of intellegence would realise the Party platforms of the LPC/NDP are miles apart on several issues be that the economy, Afghanistan, the Senate...

    Nowhere on the ballot was there an option to vote for these two Parties AND a separatist Bloc Quebecois who yesterday agreed to back budgets only, and will continue its goal of separating Quebec.

    The will of the people and true democracy has been hijacked by 49 separatist MPs who would do ANYTHING to end and break up Canada.

    This coalition only brings the promise of large and panic check writing of which the Canadian people did not vote for.

    Call a new election with clear choices-this one included!

    The $300 million will be nothing compared to the billions these same will dole out blindly!
    .
  5. Dean the machine from anywhere, Canada writes: I can't help but replace the word 'stimulus' with 'corporate welfare' as I'm reading this.
  6. Silver Standard (America is a welfare queen superpower) from Canada writes: I am buying gold, if they start to "stimulate" the economy you can expect the dollars purchasing power to drop like a stone. The USD is going to drop as soon as people stop selling their assets to pay bills. This guy doesn't seem to understand the consept of inflation.
  7. Jim Q from Halifax, Canada writes: R. Carrier, Coup d'etat?

    Oh please. this sort of hysterical clap trap is why people aren't taking your party seriously. The CPC has a plurality of seats, but represents neither the majority of seats, nor the majority of Canadians. The coalation does. The overlap in objectives is clear, and strong enough to warrant the cooperation.

    I mean, c'mon. First you argue for stability, and then for ANOTHER election?!? I think you forgot your credibility back in grade 10 logic, R. Hurry back and see if you can find it.

    Oh, and R, where was your indignation when the Bloc supported the CPC budget and confidence votes in 2007? Consistency. It's a bi***!
  8. Brian Lowry from Fredericton, Canada writes: Well, personally I'm planning to invest in wheelbarrows, because if this is in fact a depression of some sort, then it's easy to imagine the Conservatives 'leading' us into wheelbarrow-full-of-cash economic times. As Stephen Harper has said, an excellent time to invest!

    [canvas bags with dollar signs on them may also be an excellent investment, so buy now... collecting old copper pennies to sell for scrap may also be a successful strategy, if it isn't already]
  9. Andre Carrel from In Transit, Canada writes: R. Carriere - a coupt d'etat?? Do you know what a coup d'etat is? The Liberals were roundly critizied by some, lampooned by others, for "caving in" to Harper again and again during the last Parliament. Now that they are standing up to him, they are accused of fomenting a coup d'etat?
    What does "the confidence of the house" mean to you? Do you see any distinction at all between a minority and a majority? Are the 603 or whatever percent of voters who are represented by the Members of Parliament in this coalition somehow lesser Canadians? Are they a form of sub-citizens who should simply shut up, pay their taxes, and ask their M.P. to carry on being absent from critical votes in Parliament.
    You have often made reasonable comments in this space, but this morning you must have had a bad cup of coffee.
  10. Andre Carrel from In Transit, Canada writes: Make that 63 or whatever percent (Bad coffee out west too!)
  11. Fake Name from Canada writes: A CAW guy is hardly an unbiased source when it comes to the advisability of bailouts.

    It seems a lot of people are forgetting that this entire crisis started with the US government pushing interest rates so low that a bunch of people got cheap credit they couldn't afford to to keep up with once the rates went up again. This cheap credit was largely as a 'stimulus' (a bad idea by any other name...) to boost the economy in the post-9/11 slump. And now world governments are falling all over themselves to repeat that mistake on a larger scale; it's unbelievable.
  12. jack ellefson from CALGARY, Canada writes: THIS MESS WOULDN'T HAVE OCCURRED HAD HARPER/FLAHERTY NOT BROKEN THEIR INCOME TRUST TAXATION PROMISE. SENIORS ARE /WERE CERTAIN TO VOTE AND CERTAINLY WOULD NOT VOTE FOR (CONSERVATIVES) AND A CUT IN THEIR MONTHLY INCOME DISTRIBUTIONS AS RECEIVED FROM TRUSTS. NDP LAYTON AND STANFORD WERE ON THE SIDE OF DESTROYING INCOME TRUSTS CASUSING LOSS OF CAPITAL, LOSS OF CASH FLOW INCOME, AND LOSS OF PERSONAL INCOME TAX PAYMENTS TO OTTAWA.
    RETIREDIA
  13. CitizenNumber Two from Kitchener, Canada writes: I am so sick of the Partisan whining on here. I swear, that's all you fools know to do when you don't get your way - throw a temper tantrum worthy of a 4-year-old. Mr. Harper is a fool who deserves to get the boot; The 'Coalation of the Pathetic' are only playing the game as taught to them by Harper. Do I want to see Dion in charge? Heck no! But, as per the laws we have in place, they are perfectly legal in their actions. Whats more, this Coalation will have more support than the govt they are replacing. Don't like it? TOUGH! This IS what we, the People, were foolish enough to vote in. Perhaps if more of you had gotten off your fat @sses and spoiled your ballots instead of sitting at home spilling mustard on your shirts, the govt would have had a clear picture of how Canadians feel. Maybe then we wouldn't have egomaniacs fighting for control. Fools, the lot of you. Personally, I think we should get Harpy to resign, let Prentice or McKay take over, and continue to let the CPC rule. However, barring that I'd be happy with taking our collective MP's to a field and engaging in some 'Collateral Damage'. Maybe then we could set up a system that actually works for the People. Thats what we all want, isn't it? Partisanship - The lowest form of intelligence; Opposition to accountable govt; A complete rejection of Personal Responsibility.
  14. Peter Vee from Canada writes: Um CitizenNumber one, if more people got off their asses and spoiled their ballots, we would be right back where we are now.
  15. boz dobbs from toronto, Canada writes: Those Ugly Americans you left wing nuts always mock are the ones not buying cars,no matter what make.Don,t tell me this paper actually pays you to write this drivel.
  16. Stan L from Canada writes: Actually, quitetly tabled was the parlimentary budget officers review of the Thursday package brought forward by Flaherty......his reviews fo the programs were less than stellar, and poison pills aside the report is sceptical of the claims made by Flaherty.

    But, I did listen to the radio ads today....is it just me or is Stephen Harpers hatred of Dion now bordering on pathological? I mean seriously, it's one thing to disagree....that's just fine, but this is getting into psycho territory now.....perhaps he is simply too unbalanced at this point to lead.
  17. Stan L from Canada writes: R. Carriere from Maritimes, Canada writes:
    This is a clear coup d'etat by opportunistic MPs putting to shame both democracy and the will of the people.

    Rob, how sad.....I dont' always agree with you but I do respect your opinion......and you think that towing the party line is doing you any favours? you know darn well there is nothing coupish and undemocratic about this and yet you support Harper so much, you are willing to look foolish in aid of the propoganda machinery? Sad Rob really sad.
  18. Jo Hanna from Canada writes: If course this writer is partisan and laying out the position on our economy as he sees it. All the Conservative MPs who are blitzing the media about "coup d'etat, socialist government and separatists holding us hostage" are alarmist and try to make us believe that this proposed coalition is undemocratic. Nonsense, these recently elected politicians represent their constituents from across Canada and should be allowed to offer an alternative now that it has become clear that Harper has lost the confidence of parliament.
  19. Mickey Hickey from Toronto, Canada writes: I never listen to radio ads and rarely watch TV. All the foofarrah is lost on me. The die is cast Harper will be toast either Monday next, late January or the end of March. He is now seriously politically wounded in a party that eats its non performers. Coalition it is, no doubt about it. Infrastructure projects will flow, manufacturing and forestry will get relief. Keynes is smiling in his grave.
  20. MJ M from Devon, Alberta, Canada writes: Why does the Globe and Mail continue to let this idiot have a column on serious issues.

    It would be like letting the Rick Wagner chime in on this mess, if he was really an economist he wouldn't be working for the CAW.
  21. bob adamson from Victoria, Canada writes: If the Government's fiscal update was intended to reflect a policy of restraint and cut-backs (presumably expecting the US to do the heavy lifting to reflate the economy), Why did Canada become a party to the recent G-20 policy calling on all participants to stimulate their economies by a further 2% of GDP? In short, why did the Conservative Government see their recent fiscal up-date as an essentially political document rather than as a serious response to the pending rescession. Canada may be relatively fortunate in having sound fiscal, public pension and banking systems but this is no excuse for pretending that we are largely protected from world wide trends.
  22. Peter Lucas from langley, Canada writes: I suggest the quality of the CAW's economist is about on par with the quality of the workmanship of the CAW's members.

    Mr. Stanford is deliberately implying things that are simply not true, eg liquidity assistance. As far as a bailout for the Big 3 automakers, Canada can't do anything until the US reveals its plans for the sector.
  23. Michael Ignoxious from Canada writes: "If there is one thing we learned from the Great Depression, it is that policy mistakes (like raising interest rates instead of lowering them, contracting credit instead of expanding it, and cutting spending instead of increasing it) can take a bad situation and make it much, much worse."

    The author overlooked rampant protectionism when listing policy mistakes of the Great Depression.

    Inconvenient facts can make a mere pseudo-economist look much, much worse.
  24. gene eng from Markham, Canada writes: Very sad to see that none of the Tories MPs have the gall to stand up and ask Harper to step down.

    He alone has brought on this crisis and he must be pushed off the plank. He is bringing the rest of them down with him.

    Yes, Harper is psychopath. Look at him and watch his words. He is lying, twisting facts, deflecting criticism, while meanwhile he himself alone is the culprit.

    Resign, Harper. If you still have enough self-respect and backbone. Be a man.
  25. Sassy Lassie from Canada writes: I don't want Harper to resign however; I would like to see Dion and Layton tried for treason. If you dipcons can dream the undreamable than so can I.

    Our economy is just fine, however with Monday looming I'd dump Canadian stock in favour of American. If the Coalition of ASSes is given the mandate to govern they'll spend our money on their union buds and their corporate buddies faster than a socialist likes to ban bubbles and balloons.

    We need only to look across at Socialist England to see how bleak our future will be under the unethical extreme leftwing Coalition. They are willing to give Quebec full vito power, need I say more?

    The hatred towards Harper being displayed in MSM is what scares me, what ever happened to Journalistic integrity? The Globe is pushing out article after article filled with malice and spite, that's not Journalism that's "Urnalism" I expect more from what use to be an unbiased profession.
  26. Doris Wrench Eisler from St. Albert, Canada writes: It isn't easy to change direction when you're in an ideological straight-jacket. Conservatives don't seem to learn from experience or beyond simple labels and slogans. Even the US Congress sees no advantage at this time in total supply-side economics and are arguing, against Secretary -Treasurer Paulsen, that the balance of the $700 billion bailout package should go to helping individuals like home-owners and others. Here, the equivalent $75 billion bank bailout is an issue on which the population need not be informed, apparently.
  27. Paul Thompson from Canada writes: Mr. Carriere. you really stepped in it with that ill-advised "coup d'etat" remark. Sassy Lassie, your idiocy is beyond belief.

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