Blue Like You

Conservative musings - formerly Joanne’s Journey
April 29th, 2008

Who do you trust to handle Canada’s economy?

Reader Rich feels that we’re wasting too much precious time talking about Brenda Martin . Instead, he would like to focus on the economy. Sounds like a good plan to me.

Just to get started, here’s his comment:

"Joanne; Enough of BM rantings, I would like to get an opinion on the state of Canada’s economy.

The LPC keep harping on their 8 (eight) balanced budgets and 8 years of surpluses and critize the CPC for bringing Canada to the brink of deficit. If a government continually does this it usually means that the Canadian people are overtaxed to the max with no services provided. Services like the Canadian Armed forces, Cities Infrastructure, Highways & bridges. Under the LPC what we got was spending of 2 billion dollars to an ineffective gun registry, HRC commissions, CPP that do nothing for the majority of Canadians.

The CPC believe that they are the stewards of tax payers money and if there is any left over after providing for necesaary services, it should be returned to the tax payer in the form of refunds. I for one am glad for the handling of the economy."

Thoughts???

* * * *

Update : Ontario will be a have-not province:TD !!!

Campbell’s closing in Listowel, Ontario - The Have-not Province?

And from the Record :

…Falling to have-not status is an important psychological barrier for Canada’s largest province, Drummond added.

"It gives the signal that Ontario is not the mighty king of the economy anymore,” he said. "It’s one of the weaker partners, but again it’s not so much Ontario’s being weak as the other provinces are really roaring along.”

So…. Is it Jim Flaherty’s fault for slagging Ontario or Dalton’s for not listening to his advice ?

Thursday Update : Carbon Tax a fuels paradise . - Lorrie Goldstein .

And from the Post : How Stephen Harper ruined our national balance sheet - Ralph Goodale .

27 Responses to “Who do you trust to handle Canada’s economy?”

  1. Rich, you missed mentioning EI. The Lieberal plan was to tax to the max, budget for a small surplus and then when a large surplus (surprise) actually occurred to bribe voters with their own money. A brilliant plan to buy votes and maintain control. Thankfully enough mistakes were made (ADSCAM) that people eventually figured out they were being robbed. The Lieberal Kyoto plan appears to have been to buy credits instead of actually reducing emissions which would have amounted to another gigantic waste of money.

  2. I trust Harper to handle the economy. Lemmings don’t do math, last I checked.

  3. Road blocks coming down at Caledonia …. BUT ….

    “….But Premier Dalton McGuinty says he won’t call off negotiations with the protesters unless he’s told to by the provincial police and Prime Minister Stephen Harper.”

    McGuinty waits for direction???

    How about ….. the DOOR??

  4. Sol, I sure wouldn’t trust Scott Reid with the Canadian economy!

  5. McGuinty waits for direction???

    Only when it suits his purpose. Never on the economy, for example.

  6. Yesterday on the CTV 6 pm news in a story about high gas prices, Dion said that the feds should lower gas prices and add a carbon tax. His solution is no help. He cannot be trusted to figure out what is best for Canada’s economy. And those 8 balanced liberal budgets were acheived through downloading to the provinces without transfering the tax points. — John M Reynolds

  7. Rich has a good summary…and it ticks me off royally when I hear a Lib say ‘we balanced the budget’ or ‘we reduced the deficit’…without adding ON THE BACKS OF TAXPAYERS AND WITH REDUCED INFRASTRUCTURE AND MILITARY SPENDING!!!
    Rich is right on the other point too…all the Libs are doing is distracting Canadians(with the help of the media) from what PMSH has accomplished, and the direction our country is taking. I would like to see more focus on real issues. The Libs have no policy for Canada, and no leadership, but it seems the are still ‘in control’.

  8. From the article:
    ”And tensions in the West would definitely be exacerbated by the prospect of Ontario receiving equalization, he added. It would mean a small proportion of the country’s population, about 30 per cent, subsidizing the other 70 per cent — a situation that Alberta would probably find unacceptable.”

    There will be no tensions in the West unless Liberals win the next election. Then the s. would hit the fan here and in Quebec.
    I can only speak for myself, but I have no problem with Alberta (the West and Nfld) sharing the wealth thru equalization. Many people working in Alberta come from the East.

  9. Lord Kitchener's Own Says:
    April 29th, 2008 at 5:01 pm

    Can I choose “none of the above”?

    I don’t trust ANY of these tools to handle the economy. Not one of them.

    There, I said it.

    :-)

  10. Who do I trust with the economy? Tories, no question. I shudder to think of the state we’d be in if the liberals where still in power. As I recall, PMSH warned us about the global economic slowdown before the new year, when everything felt ducky (there were signs and whispers of the fraud in the US but I guess we didn’t know just how badly it would affect the rest of the world before that point). He basically said hang on it’s going to be a bumpy ride for a while. I was surprised at the time but believed him (clearly their internal numbers showed what the average citizen can’t glean from mere headlines). Sure enough all hell broke loose as those American chickens finally came home to roost. Now that we are in the thick of it the world economy is feeling the effects; but Canada is doing better then anyone else. The Prime Minister now says we are doing all right and we’re going to be okay. I believe him because (1.) He told us the bad news without trying to hide it, so we can trust him to tell us the good news, (2.) Harper is an honest man in general and the record shows he tells us the truth, and (3.) He’s an economist (a good one I think).

    As for the liberals: it is painfully obvious to the casual observer that their only strategy is to keep throwing mud at the Tories in the hope something sticks. That isn’t working. Last week I heard a lot of PPG journalists like Galloway (ick) claiming that even though nothing is sticking at a certain point the sheer number of pseudo-scandals; mudballs if you will; will start to harm and tarnish the government. That’s basically like saying even if you keep throwing mud and nothing sticks, throw enough mud and the person is liable to start drowning (ewww, politics is full of graphic analogies). They may have a point, but I think it could actually cause a different effect. The liberals literally have a different pseudo-scandal every week. Today they are screaming about the economy, before that immigration and before that ECs little stunt (and before that I honestly can’t remember but they were screaming about something). Canadians know that if (a) these scandals were real and (b) the liberals really cared about the effect it had on the country, they would keep yelling about it for weeks, months and even years if necessary. That’s what a real opposition does, and that’s what Stephen Harper did when he led the opposition (I am always comparing Dion to Stephen Harper as opposition leader and Dion always comes up short). By changing their big outrage every week, the liberals expose themselves for frauds. “okay that didn’t work, lets try this!” As a strategy, that sucks. Canadians can see through that, and it turns us off.

    People get tired of false scandals, false emotions, screaming every week. We get tired of the flying mud ruining the scenery. As the liberals overplay their hand, it starts a backlash, it starts to evoke sympathy for the government, and above all people start changing the channel. I reached that point many months ago (I can’t watch QP anymore) and I love politics, so goodness knows how the casual observer feels.

  11. Charles98 you are quite right, I forgot about the Lieberal EI; this also prompted another recollection. The HRDC boondoggle and Shawinagate. LBC leader SD’s answer to curing the economy is to bring in a carbon tax on gasoline increase the GST up to 12%, as if the price of gas isn’t high enough already. With regards to the Ontario economy, I would like to know, if when the Prime Minister reduced the GST from 7% to 6% to 5% did the people of Ontario actually see a reduction in their Provincial tax or not. For example here in Alberta we pay 5% GST (consumption tax) and no more. In Ontario, I believe that the Sales tax before the GST cuts was around 14% or 15% which 7% was remitted to the Federal Govern’t and the balance retained by the province. After the GST cuts 5% would be remitted to the Feds leaving with 7% for Ontario: if Ontario did not reduce their provincial tax then that in fact became a tax increase to the people of Ontario. (5%-14%=9%): Corporate taxes are still the highest in Canada which drives business out or do not allow them to expand. Union’s need to take a more proactive role and realize that Wages & salaries compromise most of the cost on a particular good. The Lieberal’s deliberately manufactured a lower canadian dollar which offset these cost.

  12. Joanne,, Here is a possible subject for a near future blog. I find this totally shocking and I have no reason to doubt the author.
    http://www.nationalpost.com/todays_paper/story.html?id=478094

    Like the new blog,,

  13. Well, I hate to burst all the cheerleaders here, but I suspect that continued lowering of our bank rate will lower the dollar. That makes it good for Ontario manufactureers, but drives up the cost of crude to us (priced in US dollars), besides that a lower Canadian dollar will mean higher food costs for all the imported foods we buy. Campbells Soup shut a plant in Ontario this week, so that presents an opportunity for a Canadian business filling the void. Is this being promoted by the Ontario government? No, they whine that the plant is closing, whine for more federal money, but refues to lower cApital taxes and corporate taxes to attract business to replace those jobs. More pain, maybe the Ontario voters will wake up. Until then, more of the same ole, same ole.

  14. Hi Kingston!

    Glad you found your way over. ;)

    Unfortunately your comment got stuck in the spam filter; perhaps because it contained a link. That shouldn’t have happened, but I’m having all sorts of challenges today.

    Glad you like the new look.

    Thanks for that link. I’ll hang onto that for future reference. Certainly anyone can comment on that if they like. I don’t mind a thread running off-topic a bit. :)

  15. Campbells Soup shut a plant in Ontario this week, so that presents an opportunity for a Canadian business filling the void. Is this being promoted by the Ontario government? No, they whine that the plant is closing, whine for more federal money, but refues to lower cApital taxes and corporate taxes to attract business to replace those jobs.

    Jt, that’s an excellent point. It seems that all Dalton knows how to do is whine and point his finger.

    Pathetic.

  16. Ontario…the new welfare, sorry equalization, basket-case.

    I feel so proud.

    I’m writing a letter to Danny Williams requesting my share directly from NFLD & Labrador.

  17. Dalton McGuinty !!
    Obviously …. he knows that CANADA is responsible for ALL the trouble in ONTARIO …
    Ontario Can’t Afford “Canada’s” Perverse equalization …

  18. It makes Jim Flaherty right on the money!!(no pun intended).

    At what point did McGuinty absolve himself of accounting for his own reckless spending and promises of the same without costing these things out?

    I think when the next prov. election rolls around and voters answer “no” to whether things are better in Ont. under McG. Dalton will be making a play for Dion’s job.

  19. Frankly, the ROC can’t afford Ontario. When 10% of the population of this country, Alberta, pays 25% of equaization under the current formula, do you think that NFLD’s population are going to shoulder the costs of supporting an Ontario government who has no idea on how to run their local economy and refuses to wake up to the fact that they are incompetent, business-wize? People bitch about high gas prices and oil company profits. Well, banks make high profits, too. But to put it in perspective the laws of supply and demand are reigning. Restrict refining capacity due to high “capital” taxes, corporate taxes, provincial taxes, add environmental legislation and even if the tax on gasoline was cut in half, prices will still rise because demand for petroleum product is eating away at supply. Low dollar policies do not help. I remember in the 1950’s, living in Ontario, our dollar was at par or better to the US buck, yet we had a healthy economy. It wasn’t until a raft of high-cost social policies like health care, public pensions as well as the CPP were enacted (because government throught that nothing would change, so we could “afford” these policies), that the dollar began to reflect the “cost of government” in our eroded purchasing power. Until that mentality changes, we will be saddled with “government has to do something” cries, when we should be solving our own problems without government coming along to “help us”.

  20. And just to spread the “beefs” around, our federal governments of whatever political stripe are not helping matters either. Despite recent “tinkering” of our personal and corporate tax rates, our taxes reflect the “cost” of the federal government as well. One tax that infuriates me to no end is the GST. In effect, the GST is a tax on my professional expertise = income. As a professional I am forced to charge 5% GST on every bit of business that my corporation does for other corporations, as if my business was “chattal property” of the ferderal government. The federal government extracts a “fee for service” as if they owned a portion of my business. Weel, they do not. They take no risks on their part, but impose legal requirements to collect this “fee” gratis: at no cost to them, so that I can stand in line at the local medical clinic or hospital to received “state-run” medical services, who I might add also pay GST on their professional income. If anyone wonders why “productivity” is at all time lows in this country, our various government structures and the taxes supporting them are the biggest impediment to a viable business venture. We have become “indentured serfs” to our various “high-cost” governments. To add insult to injury, we are then taxed to death on our profits or vilified in the media because we are sucessful at our business ventures, despite the costs of government. We do not celebrate profitable business in this country, because profit has become a four letter word. I think that business should go on strike and demonstrate that without our input to the economy, these governments would collaspse financially and all their pipe dreams of equality for all would become just that - pipe dreams. Governments have one job to do here, provide a profitable business environment for business to succeed and not be in the business of being in business FOR government. Just provide the basics, secure our borders, maintain our financial system and currency, our legal systems and let people suceed on their own without the heavy hand of government interfering in “our” sucess.

  21. That Campbell’s soup plant was located in Exeter for roughly 100 years. Just over one hundred employees lost their jobs. Now, instead of McGuinty whining and handing over millions of dollars to non-applying interest groups, why not afford the seed money to drive up a Canadian soup producing company? Don’t lose these employees’ expertise.

  22. Actually, Anna the plant was located in Listowel Ontario and 500 employees have lost their jobs. The plant has been in operation for approximately 50 years. It was located smack dab in the middle of farm country. Listowel has a population of about 5500 people, so it would be a major shock to the local economy.

  23. Well, jt the information I got from MSM was it was in Exeter, I think 112 employees and 100 years in operation. Perhaps there are two plant closings in both towns? I will google. But thanks, jt. Your knowledge base is outstanding. Don’t forget to weigh in at NNW as often as possible.

    Hey, what do you know about arsenic poisoning? Come find out at JNW. So that’s where sporadic reports issue regarding cancer rates rising to one out of one. Straightening out some priorities asap.

  24. Weigh in at JNW and let’s get on top of citizen priorities.

    Our Prime Minister did. His gov’t is about to ban BPA (bisphenol A) implicated in more than a couple of dozen scientific studies, to be a known hormone disruptor capable of altering our genetic code irreparably. Ourselves, our children, our grandchildren.

    Heh! Nobody messes with my family’s DNA. What about yours?

    Does anybody realize the sheer guts our gov’t displayed and intiated in speaking up to big business on the principles of health/safety issues for our citizens? Remember, the movie, “THE GRADUATE” starring Dustin Hoffman (I think). “Plastics, my man, the future belongs to plastics.”

    Priorities: Water, food, housing, jobs….going down the line.

    Not priorities: HoC’s opposition talking ‘false charges.’

  25. Okay, here’s the link. The only cannery east of British Columbia just closed and farmers have no destination for their fruit. Link below:

    http://www.google.com/search?sourceid=navclient&ie=UTF-8&rls=GGLG,GGLG:2005-47,GGLG:en&q=exeter+food+plant+closure+112+jobs+lost+100+years+in+operation

  26. Dalton’s starting to resemble “BM” more and more eh?

  27. BM = Brenda Martin? lol!!!

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