Paul Martin blasts Conservative economic plan

T

tay

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Dismissing the Conservative economic plan as "an absolute disgrace" and "nonsensical," former Liberal prime minister Paul Martin has leapt into the debate over Finance Minister Joe Oliver's newly announced April 21 budget.


In an interview on CBC Radio's The House, Martin told host Evan Solomon Canada is facing a "very serious" economic situation and he accused the government of doing nothing about it.


"[The government] is not doing the right things now and we have not been doing the right things for the last decade," Martin said.


"Fiscal policy and monetary policy have to work hand in hand, they cannot contradict each other," Martin said. "If the governor of the central bank is talking about the need for monetary stimulus, he also understands there has to be changes made in the [fiscal policy] and those changes have to be investments."




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Paul Martin blasts Conservative economic plan ahead of budget - Politics - CBC News
 
CDNBear

CDNBear

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Dismissing the Conservative economic plan as "an absolute disgrace" and "nonsensical," former Liberal prime minister Paul Martin...

Says the guy that pilfered funds from the taxpayers pockets to balance the budget.
 
T

tay

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After Joe Oliver announced his budget date this week, he pivoted immediately to an attack on the Liberals, implying that they did not have what he had -- "a plan and the discipline to follow it." That was rich. Stephen Maher writes (link is external):

He warned voters of Opposition plans for “a debt burden our children should not bear.”

He bragged Canada’s debt is half that of the Group of Seven average, adding, “There’s a moral issue here, because to the extent we pile on more debt, we’re basically asking our children and grandchildren to pay for our expenditures.”

Prime Minister Stephen Harper has added $122-billion to the federal debt since he took office. If Canada has a solid debt to gross domestic product ratio, it is not because of Harper, but because of his predecessors Jean Chrétien and Paul Martin, who added only $33-billion in debt from 1993 to 2006.

The Tories were right to borrow to stimulate the economy during the recession, but they should blush when they brag about their record as debt fighters. They repeatedly missed their targets and drove us deeper into debt than necessary, slashing the goods and sales tax and offering boutique tax cuts that cluttered up the tax system without making it fairer or boosting productivity.

It’s the “starve the beast” technique, invented by Ronald Reagan. The idea is you cut taxes, go into debt, then cut spending, which makes it hard for your left-leaning opponents to tax and spend. It’s fair ball, but Canadians are suckers if they let themselves be convinced by millions of dollars in government advertising and endlessly repeated talking points the Tories are the anti-debt party.

The Harperites intend to spend millions of dollars -- $7.5 million -- repeating the line that they are better managers of debt than the Liberals. Paul Martin began to set the record straight yesterday. The message they are sending, said Martin, is "nonsensical."

It's more than that. It's a lie.





Stephen Maher: The Canadian economy, not terrorism, will decide the outcome of the federal election | National Post












 
CDNBear

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Prime Minister Stephen Harper has added $122-billion to the federal debt since he took office. If Canada has a solid debt to gross domestic product ratio, it is not because of Harper, but because of his predecessors Jean Chrétien and Paul Martin, who added only $33-billion in debt from 1993 to 2006.

But Martin literally raided public funds to keep it so low.
 
captain morgan

captain morgan

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tay said:
Dismissing the Conservative economic plan as "an absolute disgrace" and "nonsensical," former Liberal prime minister Paul Martin has leapt into the debate over Finance Minister Joe Oliver's newly announced April 21 budget.
Click to expand...

Say, maybe this Paul Martin fellow can run for office and implement these ingenious plans he has.... Unless, hey, hold the phone! He was in gvt and the electorate decided to throw him out on his a s s!

... Sorry Pauly, you're a day late and a dollar short once again

CDNBear said:
Prime Minister Stephen Harper has added $122-billion to the federal debt since he took office. If Canada has a solid debt to gross domestic product ratio, it is not because of Harper, but because of his predecessors Jean Chrétien and Paul Martin, who added only $33-billion in debt from 1993 to 2006.

But Martin literally raided public funds to keep it so low.
Click to expand...

Funny that Martin doesn't like the accrued debt... I wonder how much of that debt is the result of replacing the monies that the Chretin/Martin Liberals stole from EI & CPP?
 
Colpy

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Paul Martin blasts Conservative economic plan



In other news, water is wet, fire is hot, and the sun came up this morning.
 
petros

petros

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Martin's plan was no different. Ride out the $100+bbl as long as possible using the windfall to invest heavily in Wester Canada.

Harper did the right thing by pulling the plug on the $100bbl when tyrants got too big for their britches and didn't invest in their own people.
 
Colpy

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captain morgan said:
Say, maybe this Paul Martin fellow can run for office and implement these ingenious plans he has.... Unless, hey, hold the phone! He was in gvt and the electorate decided to throw him out on his a s s!

... Sorry Pauly, you're a day late and a dollar short once again



Funny that Martin doesn't like the accrued debt... I wonder how much of that debt is the result of replacing the monies that the Chretin/Martin Liberals stole from EI & CPP?
Click to expand...

Martin's "legacy" was made possible by the Mulroney "legacy" of the GST and NAFTA, and downloading to the provinces.


Martin's "legacy" was squandered on the insistence of, and with the full support of the Liberal Party in the 2009 minority Parliament.


He has nothing to whine about.
 
taxslave

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Angstrom said:
The housing bubble pop is only bad if you're a home owner ;)
Click to expand...

Dam good thing for prospective buyers though. Actually it will have zero effect on people hat already own a home. Speculators are going to get burned though.

tay said:
Dismissing the Conservative economic plan as "an absolute disgrace" and "nonsensical," former Liberal prime minister Paul Martin has leapt into the debate over Finance Minister Joe Oliver's newly announced April 21 budget.


In an interview on CBC Radio's The House, Martin told host Evan Solomon Canada is facing a "very serious" economic situation and he accused the government of doing nothing about it.


"[The government] is not doing the right things now and we have not been doing the right things for the last decade," Martin said.


"Fiscal policy and monetary policy have to work hand in hand, they cannot contradict each other," Martin said. "If the governor of the central bank is talking about the need for monetary stimulus, he also understands there has to be changes made in the [fiscal policy] and those changes have to be investments."




more




Paul Martin blasts Conservative economic plan ahead of budget - Politics - CBC News
Click to expand...

Paul who?
 
captain morgan

captain morgan

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Walter said:
The guy who registered his boats in Liberia.
Click to expand...

taxslave said:
Oh that paul martin. Wasn't he also the guy that stole money from EI plan and CPP to "balance" the budget?
Click to expand...

Between off shoring his assets and a little creative accounting on the EI/CPP fronts, I am actually curious about his master plan here.... Maybe a little loan sharking and murder for hire to pay down the debt?
 
Spade

Spade

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As amusing it is to circle political foes with ad hominem jeering, the arguments Martin advances have some merit.

In a period of economic contraction, it should be the role of government to cushion the effects of the downturn with offsetting stimulus spending. It serves the nation ill to see unemployment roles increase with loss of expertise that would be not as easily be replaced in better times. Also, we are talking about real people, a loss of capital infrastructure, and unneeded hardship. Save in good times, spend in bad.
 
waldo

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• Facts:
- the Harper Conservative federal debt in 2008-09 = $457.6-billion​
- the expected Harper Conservative debt in 2014-15 = $634.0-billion (projected)

- since just 2008, 24% of the total accumulated debt since Confederation was amassed under "economist" Stephen Harper

​
 
Walter

Walter

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waldo said:
• Facts:
- the Harper Conservative federal debt in 2008-09 = $457.6-billion​
- the expected Harper Conservative debt in 2014-15 = $634.0-billion (projected)

- since just 2008, 24% of the total accumulated debt since Confederation was amassed under "economist" Stephen Harper

​
Click to expand...
Source?
 
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