Money For Nothing
Stephen Harper has prepared Canada for the recession. Let’s hope the three parties of fools don’t decide to take Canada hostage and destroy our chances of getting through it relatively unscathed.
The cut to the GST last year actually stimulated the economy by the equivalent to 2% of GDP. It’s done a great job of this without having to borrow and spend. This year should end without a deficit.
While the NDP and Liberals wail that we aren’t throwing money at something, anything (and, especially at them)… the Conservatives have prepared Canada in a number of ways other countries are following – Britain being the latest to cut taxes.
The one thing that’s overlooked in the shrill hysteria of Jack Layton and his band of jackals, is that we must cut spending in order to be in shape to tackle the unexpected. Canada is seriously over governed, and now is the time to significantly cut down the size and spending of the government.
Ontario needs to wake up and create an environment for business- not continue to drive it away through taxation. It’s the fault of their current leadership that they are becoming a have-not province.
I never thought I’d be able to point to Saskatchewan as a good example of government.
Now is the perfect time to stimulate the economy by cutting taxes – the deficit isn’t a factor yet, and if it does appear, it should be because of declining revenues, not because of increased spending.
Unemployment Insurance (whoever changed the name to employment insurance?) has had a huge surplus over the past 8-10 years… no need to increase premiums or panic if unemployment rises a bit.
If we truly want the economy to grow, drop income taxes by 5-10% points (or more) for anyone making over $50K/year. These are the people that will get the country going – giving money to the ones looking for a free ride will do nothing.
Even BC is starting to take action by lowering taxes… to all of our amazement.
photo credit: Grant Neufeld
November 29th, 2008 at 7:45 am
Harper has “prepared” the Canadian economy? ha ha ha ha Get set serious. Harper, the non-practicing economist, did not see this coming. He hasn’t prepared anything. Up until 4 weeks ago he was in denial that there was any downturn in the economy. He completely missed it.
Your tax-cutting obsession the world financial crisis.
Tax cutting won’t save jobs inthe auto sector or for those being layed off. The vacant grasping for tax cuts is a mantra that passed a long time ago.
November 29th, 2008 at 8:52 am
Personally I agree with your post. Harper is doing the right thing by not panicking. I agree with the “wait and see” approach. Why potentially throw billions of dollars at a problem that may not exist for Canada?