Wednesday, December 17, 2014
The Day Stephen Harper Collided With Crude Reality
You could can see the strain in his face, he can't hide it anymore, even under all that pancake makeup.
He's still trying to pretend that those tanking oil prices won't affect his plans to try to buy the next election, or balance the budget.
Even though he recklessly blew the surplus before he even had one.
But it's just not working, and with every passing day he's sounding more and more delusional.
Falling oil prices will reduce Ottawa's fiscal flexibility but will not prevent the government from posting a balanced budget next year, Prime Minister Stephen Harper said Tuesday.
"You should be under no doubt that the government will balance its budget next year," he said in Quebec City after a local announcement. "We are well within that range. Even with dramatically lower oil prices, we will balance the budget.
Try as he might he just can't bring himself to accept the crude reality.
The 40% dive in oil prices over the past four months is an unprecedented situation for Canada and its impact on the economy will be much greater than thought, CIBC economists predicted Tuesday.
In a report entitled “No barrel of fun: What weaker crude means for Canada,” the team of economists estimated that the real hit to the nation’s growth would be closer to 2%, rather than the quarter or third percentage point earlier predicted by the Bank of Canada.
He doesn't dare admit that the only way he's going to have a surplus rather than a deficit now, is if he uses a chainsaw to cut government down to the bleeding bone...
And that's if the housing market doesn't follow oil prices and the Harper peso down the toilet.
Because those who believe the bubble won't burst once interest rates start to rise, are like him living in DENIAL.
So much for Great Economist Leader and all the suckers in this country who thought he knew what he was doing.
But as if losing the surplus and his credibility wasn't bad enough, now it seems he's also lost the North Pole.
Denmark has presented a claim to the UN, arguing that the area surrounding the North Pole is connected to the continental shelf of Greenland, a Danish autonomous territory.
Despite his absurd efforts to claim it for Canada...
Which makes him look more like a hapless buffoon who is making it up as he goes along, than the Great Leader of ANYTHING.
And yes, as I keep saying, the economy was once his strongpoint, but now it's becoming a liability.
Crude reality will eventually shatter even his state of denial.
And his brutish reign is almost over...
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