The Harper speech on the Conservative last minute campaign platform made it look like there was only one plank in the thing. He did a litany of old news on old announcements and hoping that would appease voters. Voters are shoing thay are not prepared to vote for a “Do Nothing” politician especially as we face the most disastrous economic calamity since 1929.
Harper’ political lens is just that of an economist. His speech was like a keynote to the Conference Board of Canada, the Fraser Institute of the C.D Howe Institute. All about balanced budgets, lower taxes and controlling inflation. Important stuff but that is not all there to consider in this election.
I thought it was telling that Harper admitted he knows this economic disaster was coming as far back as August 2007 but he did not address it in this election – that HE CALLED – until the very last minute. Is that because he did not have a plan, did not want to share it or did not want to be bound by any campaign promises so he could do what every he liked with the absolute power of a majority government? Can you trust a man to govern who uses any of these tactics?
So let’s look at the platform itself. It has five sections and a costing. Cost of living, jobs for the future, a “strong, united, independent and free Canada, health and environmental well-being and safety and security. Why did he only talk about the stock portfolios and taking a “trip of a lifetime”? Hardly the stuff that is top of mind of ordinary Canadians like keeping their jobs, securing their savings and pensions!
In two weeks $400B has been wiped off the Canadian stock market and $2Trilllion of our largest customer, the Americans. Are they going to be unable to buy from us and where is Harper’s expertise as an economist on this reality?
A detailed look shows it is still a “Do Nothing” strategy. Harper tells us there are no holes in the hull of the Ship of State but he is ignoring the economic tsunami that everyone else sees and knows will swamp the boat unless we respond.
The rhetoric in the Cons Campaign Platform is the same old – same old and it is mostly pictures – pretty and cuddly but not much substance. Communities policy is all about crime – did not see anything new about infrastructure needs beyond what he has already announced, ironically using the Liberal gas tax transfer as the source of funds.
The consumer theme is tinkering on a two cent tax reduction on diesel when the problem is that there may not be enough diesel fuel to meet demand.
Here is a burning issue that goes to the heart of the economic crisis facing Canada. Harper is going to stop phone companies from charging for receiving unsolicited text messages and spam. How naïve is it to think that this is going to appease the folly of the stupid copyright legislation Harper has introduced.
Now that they have created the food inspection crisis, they are making a virtue out of necessity. More inspection and testing of food, toys and consumer products the obvious rampant crime of gas pump tampering.
Family policy focus is on disability sector needs by creating a Disability Savings Plan – like an RRSP scheme and allowing income splitting for stay home care givers. No indication of supporting disabled people themselves. Let’s hope this is as insincere as his Income Trust promise last time.
The marginal tinkering with penny-ante programs is laughable. $5000 tax credit for First-time home buyers means only $750 in real dollars – if you are in the highest tax bracket. Indexing the $100 per month TAXABLE child care benefit is also laughable. If Harper is going to control inflation – who cares? Spare us please!
Some vague language on making housing affordable for “Vulnerable Canadians” will only maintain funding at current levels and will give low income home owners renovation assistance. This is such silliness when low income people can’t stay in their homes with pending job loss…never mind renovate.
There is lots of make- work- but-not- in-anyway- that- is-progressive and the usual vague language on aboriginal challenges and fuzzy comments about working with provinces. Aboriginals are a federal jurisdiction. Harper is down loading the challenges that are his Constitutional responsibility, to the provinces.
The breathtaking policy on “Reforming or Abolishing the Senate” is a sop to the Reform/Alliance base as a time when substantial and reassuring leadership is so critical. We don't need to initiate a Constitutional Amendment policy when the economy is in crisis.
There is more but it is all superficial and shallow stuff that misses the mark in addressing the major angst and anguish of Canadians today. Indifference and callousness abound. Harper does not only not "Get It" He doesn't CARE!
I will do more posts later, today or tomorrow, on the Harper half-hearted so-called campaign platform. He is still committed to do nothing of substance or that shows no capacity for caring and understanding of the plight of regular Canadians.
Stop Harper before he Misleads again. Vote Liberal.
No, I will not vote Liberal. And, due to this pathetic post of yours Ken, I have just written and sent a $500 cheque to the Conservative Party of Canada. I very much fear a government run by people like you.
ReplyDeleteCheers,
Eric
Yes, economy is heading into the tank, but vote for the party that advocates a carbon tax?
ReplyDeleteIf the Harper campaign is lazy with respect to platform, it is because the other parties have already shot themselves in the foot with their own policies
Liberal - carbon tax (increase cost of most industrial & manufacturing processes, which by nature are energy intensive, and thereby reduce international competitiveness)
Green - same as above (in more ways than one)
NDP - tax corporations (yes, Jack, that will bring those jobs back)
I'm not enamoured with Harper, but he is certainly head-and-shoulders above the others in the field.
Ken: It is obvious that you are a Liberal. The first reflex of a Liberal, in good times and bad, is to raise taxes and spend money.
ReplyDeleteEconomy bad - raise taxes and spend money.
Economy good - raise taxes and spend money.
This is the Liberal mantra.
How do you propose to 'fix' the stock market??
The Government of Canada did nothing - because it can't - to let stocks across the board soar in the last 10 year bull market.
Conversely, it will do nothing, and rightly so, to stop the stock market from tanking.
Oh - sorry - there is one thing a Government can do. It can ensure that markets can take a lot longer to recover by raising taxes which reduces dividends and keeps stock the prices of those companies down, and also raise taxes and make it more expensive to buy things, making it certain that the volume of goods bought in a market economy is lower, so that everyone can suffer. The last time we had large surpluses, the Libs were so busy giving it away in gobs in HRDC, firearm registry, and Adscam crookedness, that they didn't have a chance to review how they were spending it and paying down the debt.
But at least they weren't messing with the stock market, nor should they.
So, how many people do you know who have lost their jobs and their homes in the 'economic tsunami' that, well, isn't here yet. So stock prices are back to where they were 5 years ago. How bad were things 5 years ago? Answer - they weren't.
And if Harper was busy increasing liquidity, tightening restrictions on home loans, and stimulating the economy with affordable tax cuts back in August 2007 when the credit crunch was obvious to a lot of us conservatives, why would you expect us to be bouncing all over the place waving our arms and screaming that the sky is falling, when we were already working on the plan to lessen the impact on that inevitability over a year ago.
Just because the Libs just discovered the credit crunch the least few weeks doesn't mean our PM economist didn't see it coming ages ago.
So if Dion needs meetings with this banker and that captain of industry and all the different party leaders and government people around to find out that there is a problem, it doesn't mean that everybody should jump up and stand to attention just because he was the late arrival in the room at a 2 year meeting already in progress.
If you have managed your economy well, the banks are solid, businesses are producing and making a profit, and the IMF comes out and says your country will be the best performing G7 country for the next year and will still see a modest growth....... what is your problem?
The stock market over corrects going up and it over corrects going down. America will see a great deal of pain. But Canadians will not see the kind of pain they will. And when the market hits bottom, there will be, as Harper says, some great buying opportunities.
So Ken - you and Dion and Layton - don't panic. People more aware than your socialist leaders have everything under control, since they knew things were going to get a little rough two years ago, and started passing legislation for it back in August 2007. They made the speeches back then to prove it. Your carbon-footprint-taxing friends were too busy reading their prophet Al Gore's book to notice that basic fundamentals needed attention and some adjustments, and the prudent Conservative managers of the Government of Canada were taking care of it, and therefor taking care of you and Dion, a long time ago.
Too bad you want to chase them from office, so your Lib friends can go on a tax and spend rampage......
So chill my friend. Everything is under control.
Dial it back a bit. No one is coming to take your house away.
(.....man, the things you have to do to keep your friends from going hysterical when a storm approaches.
where is that valium when you need it??)
btw - a little note - every time a huge correction in the market in the last 60 years.....a huge upside within two years. Harper the economist was right "a great great great buying opportunity coming up shortly, and no Government intervention required.
And just like the income trusts - if you bail out now towards the bottom of the market, of course you will lose savings. Stay the course - the time to bail was this past spring - and wait for the rebound. Always happens - unless of course you were dumb enough to buy into American out of control banks....
Oh man where was this cracker guy and his friends when I was buying into overpriced American banks as per my Canadian (conservative) brokers advice?
ReplyDeleteAnd if this was seen 2 years ago, why did Harper go the fixed election date route... if he knew when he would need a "solid" mandate?
I guess Cracker and Eric have a lot more money than me 'cause this feels more like the Brazilian shock and awe economy than a market adjustment... however, Ken these guys are starting to make some kind of sense to me... scary.
greengirl