Canadians will forever be indebted because of Jim Flaherty.

[petros]

You don't have raise taxes if you increase the price of energy. The taxes on energy alone are massive and we aren't able to
do anything about it.

The price of oil has been purposely inflated to pay for resource investments. We along with OPEC and other producers all got together and pegged oil st $100bbl range until things like upgraders, refineries, gas plants, ports, rail electric grids, bridges and highways were paid off.

Once everything is completed oil will drop again and the economy will boom again. Everything gets cheaper when it's cheaper to make and move goods around efficiently.

Ports in northern BC are 4-5 days closer to markets than Vancouver which makes it a far greener option to ship goods in bulk quantities.



P

 

[Retired_Can_Soldier]

Nonsense, while other governments were already taking action to deal with the crisis, ours was claiming Canada wouldn't even need to run a deficit in response in the lead-up to the 2008 election. A few months later after another conservative minority government was elected it introduced record deficit spending.

Either it was known by the conservatives before the election that massive spending would be needed and they neglected to inform voters or Flaherty had no clue what was happening. Neither is good.

Quotes then and now: Harper, Flaherty

They didn't just get it a little wrong, they weren't even in the ballpark and either they or we should have had that information leading up to the vote in 2008. Someone should have resigned over this, but instead Harper shut down Parliament during his constitutional crisis and we got massive deficit spending in the new year.

Too bad your side only has personal attacks instead of facts.

Serving governments don't like running around screaming the sky is falling, only opposition party's like doing that because it score them political points and helps breed idiots like yourself who will cut and paste your way onto boards. I bet that back in the day before Harper became PM you and your Ilk were whining that he was going to make abortion illegal and put gays in cages.

Now he's destroying democracy.

And regarding what a terrible job Flaherty did. Yeah it was terrible, that's why we had the strongest economy of all G-8 nations despite a worldwide recession (which you no doubt) would probably contend Harper started.

I guess what is really going to suck for a sniveling shiny pony worshiping pimp like you is when the next budget balances out.

Oh man, I can't wait to watch you spin that one.

 

[Cobalt_Kid]

Serving governments don't like running around screaming the sky is falling, only opposition party's like doing that because it score them political points and helps breed idiots like yourself who will cut and paste your way onto boards. I bet that back in the day before Harper became PM you and your Ilk were whining that he was going to make abortion illegal and put gays in cages.

Now he's destroying democracy.

And regarding what a terrible job Flaherty did. Yeah it was terrible, that's why we had the strongest economy of all G-8 nations despite a worldwide recession (which you no doubt) would probably contend Harper started.

I guess what is really going to suck for a sniveling shiny pony worshiping pimp like you is when the next budget balances out.

Oh man, I can't wait to watch you spin that one.

At some point this just becomes cyber-stalking you ****ing creep.

 

[Retired_Can_Soldier]

At some point this just becomes cyber-stalking you creep.

Stalking yeah. Whatever.

The word is spam ****smack. SPAM!

 

[petros]

The first point isn't exactly true. The Conservatives were denying that there was any need for stimulus long after most every other country in the world had acknowledged the crisis. It took a near revolt in the house of commons for the Conservatives to get the message.

When the Liberals were slaying the deficit in the late 90's, the good economic conditions were obviously a huge help. They did make very significant cuts though to get the job done.



That is not true. You are right that many of the projects simply had their timeline accelerated, but many other projects were approved because of all the extra money available. They were taking applications from municipalities and provinces all over Canada for ideas on how to spend the money.

I personally believe that the spending was necessary. I am not arguing that it should not have been spent. I am simply arguing that his legacy is not one of cuts and balancing the budget. He oversaw the largest deficit in the nations history, and has not overseen many significant cuts in spending other than rolling back the spending that he rolled out in the first place.

A lot of money went to municipalities for desperately needed water and sewer upgrades, housing, green grants for home and commercial green renos and upgrades.

Thanks for paying for my heat pump and insulation at a profit. I'm glad I know my way around 600% contractor and retail gouging. That was kick *** program.

 

[Goober]

Nonsense, while other governments were already taking action to deal with the crisis, ours was claiming Canada wouldn't even need to run a deficit in response in the lead-up to the 2008 election. A few months later after another conservative minority government was elected it introduced record deficit spending.

Either it was known by the conservatives before the election that massive spending would be needed and they neglected to inform voters or Flaherty had no clue what was happening. Neither is good.

Do you think Martin if he was PM would have stated differently.
The whole financial market did not have a freaking clue as to what was going to happen.
Your partisanship is flowing thru all your posts and thread.
Try to think outside the Liberal Box.
Oh yes and Harper does not free base kittens, he smokes em whole.

 

[Cobalt_Kid]

Stalking yeah. Whatever.

The word is spam ****smack. SPAM!

No it's called reality, if you're not willing to pull your head out of your ***, don't complain when I kick it.

And how ridiculous is it that all I need to do to kick your *** is post the facts.

 

[petros]

Do you think Martin if he was PM would have stated differently.
The whole financial market did not have a freaking clue as to what was going to happen.
Your partisanship is flowing thru all your posts and thread.
Try to think outside the Liberal Box.
Oh yes and Harper does not free base kittens, he smokes em whole.

With the way Canadian banks bought up US banks and the Canadian taxpayer money that went into the US to gobble up assets on the cheap he makes it make it sound like Harper was in on setting up the crash of 08 like a cousin of the
Lehman Bros.

 

[BornRuff]

Do you think Martin if he was PM would have stated differently.
The whole financial market did not have a freaking clue as to what was going to happen.
Your partisanship is flowing thru all your posts and thread.
Try to think outside the Liberal Box.
Oh yes and Harper does not free base kittens, he smokes em whole.

Do you remember what happened after the crash?

It isn't about predicting the future. This is all after the crash, after most other countries in the world had started their stimulus plans, and Harper and Flaherty were still saying there was no need for stimulus in Canada.

A Liberal or NDP government would have definitely gotten the message sooner. They were both losing their minds over the comments from the government denying that anything was wrong.

 

[Goober]

No it's called reality, if you're not willing to pull your head out of your ***, don't complain when I kick it.

And how ridiculous is it that all I need to do to kick your *** is post the facts.

You are really losing it, in a very big way.

Scientology: BBC reporter losing it! - YouTube

 

[petros]

Do you remember what happened after the crash?

It isn't about predicting the future. This is all after the crash, after most other countries in the world had started their stimulus plans, and Harper and Flaherty were still saying there was no need for stimulus in Canada.

A Liberal or NDP government would have definitely gotten the message sooner. They were both losing their minds over the comments from the government denying that anything was wrong.

Why would they have needed two stimulus plans?

 

[JLM]

That is pretty meaningless. It was a very big and expensive choice that we will be paying for for quite a long time. I don't think that should be dismissed with platitudes.

Yes, it is very meaningless to those, whose point it doesn't prove, however it's a factual statement. Not really that expensive of a choice, it's put more money in my pocket to buy other things.

 

[Count_Lothian]

Jim was in the room when the G7 decided to go the Quantitative Easing route.
It was against the man's fiber to do so but he agreed it was the ONLY option .

He did it for his country and that says a lot.
He put aside his quest for a balanced budget and delivered the biggest deficit ever in order to save Canada from disaster.

I believe he is only a few hundred thousand dollars away from his balanced budget goal.

That is a lot of hard work.

These omnibus bills lomped onto his budgets are nothing to do with the man.

I loathe what Harper has become and the way he rules.


This piece of floating turd online at the beginning of this thread is just puerile revenge from someone who only has thought up ways to slag off someone inaccurately.

If Jim was still alive I might dig in with partisan political fervor and agree ,if for no other reason than to rid Canada of Harperism.

That is the way of the game. But the game changes rules once the man dies.

There was a reason Layton received a State funeral. It shocked me , but in that case as is this one , it is the right thing to do.

Posting this piece and giving it this title for a thread ,is tasteless at the least ,and just plain wrong through and through.

 

[BornRuff]

Yes, it is very meaningless to those, whose point it doesn't prove, however it's a factual statement. Not really that expensive of a choice, it's put more money in my pocket to buy other things.

It is a very expensive choice. We have been borrowing the money to pay for that tax cut since 2009. It is like taking a cash advance on your credit card and saying "it's not expensive, I have more cash in my pocket."

Why would they have needed two stimulus plans?

What are you talking about?

 

[darkbeaver]

Tim was a modern politician who will be fondly remembered by big money. "We were the strongest member of the g8 during the recession" big deal, this means we will not go all the way to the bottom when Uncle Sham collapses this summer, eighty percent of Canada's dollar is some how pegged to the American dollar. The number of Canadian citizens expressing confidence in their Politicians is frightening as hell, we're almost as dumb as Americans.

 

[PoliticalNick]

And regarding what a terrible job Flaherty did. Yeah it was terrible, that's why we had the strongest economy of all G-8 nations despite a worldwide recession (which you no doubt) would probably contend Harper started.

First let me correct you on using the term recession. It was a major global crisis that was very close to complete financial collapse. In fact if the governments hadn't mortgaged the future of 3 or 4 generations to come it would have been total collapse.

The reason our economy stayed stronger than most during the global crisis is quite simple and was dependent upon 2 factors.
1-The 2010 olympics which kept BC's construction and tourism sectors strong and artificially strengthened the housing market, at least until the games started.
2-The continued growth and expansion of the energy sector in Alberta and Saskatchewan combined with artificially inflated global prices for gas & oil.

It was more like we survived the crisis in spite of Flaherty and Harper, not because of them. You may want to give them all the credit RCS but if we didn't host the olympics and have a huge supply of natural resources we would have sunk lower than the US. As it is the Cons did a back-door deal that not many know about to this day to use CMHC to buy up about $400billion in high-risk mortgages from the banks. In the end it was slight of hand and dumb luck that kept us going and we actually still haven't felt the effect of that $400billion.

Do you think Martin if he was PM would have stated differently.
The whole financial market did not have a freaking clue as to what was going to happen.
Your partisanship is flowing thru all your posts and thread.
Try to think outside the Liberal Box.
Oh yes and Harper does not free base kittens, he smokes em whole.

Yep, they had no idea. That is why in late 2007 and early 2008 the top executives at many of the affected finacial corporations cashed out close to $1 billion in stock options. They didn't know it was coming, it was just a coincidence they liquidated their position right before the stocks became worthless. :roll:

 

[darkbeaver]

The economy is set to grow this year, investors are confident, the slight downturn of the last forty years is finally correcting itself, green shoots are reported everyday, and Tim was instermental in this economic miracle.We should erect an monument.

 

[spaminator]

Clay Aiken approves this thread.

gay achen?

 

[BornRuff]

First let me correct you on using the term recession. It was a major global crisis that was very close to complete financial collapse. In fact if the governments hadn't mortgaged the future of 3 or 4 generations to come it would have been total collapse.

The reason our economy stayed stronger than most during the global crisis is quite simple and was dependent upon 2 factors.
1-The 2010 olympics which kept BC's construction and tourism sectors strong and artificially strengthened the housing market, at least until the games started.
2-The continued growth and expansion of the energy sector in Alberta and Saskatchewan combined with artificially inflated global prices for gas & oil.

Well, one of the most significant factors would be that Canada never allowed banks to do the high risk stuff that lead to the crash in the first place. The Conservatives actually fought to allow banks to do this stuff.

 

[mentalfloss]

IMF: Canada's Economy At Risk From Debt, Housing Market