Thursday, January 22, 2015
Stephen Harper and the Fall of the Oily Messiah
For almost a decade he was able to fool countless Canadians into believing that he was the Oily Messiah.
The Great Economist Leader who would lead us to prosperity down the tarry road to Greater Alberta.
Even if he left the rest of the country in ruins, and the planet in flames.
But yesterday that myth was officially shattered by the Governor of the Bank of Canada.
The Bank of Canada shocked markets today by cutting its key overnight lending rate by a quarter of a percentage point, citing the economic threat posed by plunging oil prices. "The drop in oil prices is unambiguously negative for the Canadian economy," Bank of Canada governor Stephen Poloz said in a morning news conference.
Leaving Stephen Harper to contemplate the fossilized remains of his Jurassic oil policies...
And although he hasn't been seen for days, and there are rumours that he is suffering from a massive bout of depression.
He must also be contemplating the remains of his shattered reputation.
The Conservative government appears increasingly vulnerable on what is supposed to be its biggest strength – economic management – after the Bank of Canada lowered its key interest rate Wednesday to try to cushion a faltering Canadian economy from the dramatic fall in oil prices.
And wondering how long he'll have to remain in that closet.
While experts wonder how he's going to rescue his insane plan to balance the budget before the next election, after blowing the surplus before he had one, so he can bribe voters with tax breaks.
Or wonder how he's going to glue together the shattered remains of his credibility.
Scott Clark, an adjunct professor at Carleton University and former deputy minister of Finance Canada, said the government is now “caught in a corner of their own making” by promising billions in tax breaks and a balanced budget when the dollars likely aren’t there to afford all of this.
“Their credibility is taking a beating because people are saying, ‘This doesn’t add up,’ ” Clark said in an interview.
And whether he'll ever be able to summon up enough intelligence and/or courage to face reality.
“They see sound economic policy entirely in the world of ‘eliminate the deficit’ – that’s how they define their brand,” he said. “They now know that’s a corner which is hard to get out of. If they were smart, they would just accept reality.”
But of course, none of that bothers Oily Joe Oliver, because he isn't too smart, and he has been out of it for years.
So he's still flogging the idea of a balanced budget, like he once flogged the water from the tarry ponds.
Claiming that he absolutely MUST balance the budget, because it's an "ethical issue."
Finance Minister Joe Oliver, who is in Davos, Switzerland, for meetings of the World Economic Forum, said balancing the budget is an “ethical issue” that ensures fairness between generations.
“We think it’s wrong to burden our children, our grandchildren with expenditures that we’re incurring today, so we think a balanced budget is important and we’re going to achieve it,” he told CNBC in an interview.
Can you believe that? A Con using the word ETHICAL?
When that insane rush to balance the budget is just a grubby scheme to buy votes.
Or can you believe a Con claiming to care about future generations when the Harperite cult has been leading the charge to torch the planet.
It beggars belief, like the Oily Messiah and his gang of hopeless Con incompetents are threatening to beggar us.
While still claiming only they can lead us to prosperity.
Even as the loonie goes down...down...DOWN...
And the good news?
The myth of the Oily Messiah, or Stephen Harper as a Great Economist Leader, was a powerful one.
For reasons I'd rather not explain. For they begin with idiot and end with insane.
But when a myth like that is finally shattered, it cannot be repaired, or salvaged...
It was all he had going for him, and now it's gone.
It must be driving him CRAAAAAAAAZY !!!
We will use it against him in the next election campaign.
And we are going to defeat him...
Please click here to recommend this post at Progressive Bloggers.