I can think about nearly a hundred amendments that aught to be suggested by the most powerful man in Canada, and the one previously mentioned must be non-negotiable. I have full confidence that Mr. Iggnatieff will suggest amendments tomorrow and let the government know that they are not going to support the “Action Plan” unless the amendments are enacted. The budget is definitely optimistic as to where the floor of this recession is and doesn’t seem likely to spark surpluses after the recession.
Also, as I mentioned already; Jim Flaherty is trying to do what George Bush did in trying to remove obstacles like oversight in making executive decisions. If it were Ralph Goodale, I could agree with it… even if it were Gilles Duceppe I could agree with it more than I can when it is Jim “I hate poor people” Flaherty.
The exact wording he used in his speech on the budget was, “recent history tells us we must take nothing for granted. Canadians need to be confident that their government has the ability to respond to unforeseen crises. For that reason, our government proposes to give the Minister of Finance the authority required to act quickly to protect the country’s financial system, should it ever come under significant additional pressure. This will include the authority to provide loans and lines of credit, and the provision and payment of guarantees. And it will enable the government to inject capital directly into federal financial institutions, should such a measure ever be necessary. We do not foresee the need to use this authority. But we have a duty to be prepared, should the unforeseen suddenly emerge.”
Now, I’m not one for rehashing the past, but Flaherty and Harper both said that Canada would not be in recession. That means that the unforeseen is already here. They both said that there would be no deficit, so again, this is unforeseen. And still, with $34 billion in overspending there’s really only in the teens of billions of new spending in this budget, so obviously we were heading towards a deficit before the recession because of their corporate tax cuts and over spending from previous budgets. We might even have a deficit in this fiscal year that is being hidden, so when they chose to reveal that, it will be an “unforeseen” event “suddenly emerging”.
If Iggnatieff allows the Harper government to get away with this one… boooooooooooooooooooooooooo
