Tuesday, February 03, 2015
Stephen Harper and the Great War on the Economy
As we all know, Stephen Harper would rather talk about his Great War on the Jihadi Conspiracy.
Try to brainwash us into believing that only he can save us from a terrorist attack, even as he does his best to provoke one.
But although that is alarming, I'm sure most Canadians are probably more worried about his Great War on the Economy. And what it's done to our poor loonie.
And with good reason.
The Canadian dollar will sink as low as 60 U.S. cents with little to drive the economy after oil’s collapse, according to a growing number forecasters who are reducing their targets for the currency.
“There’s going to need to be even more Canadian dollar weakness than people expect because of the significant loss of competitiveness,” Evan Brown, an analyst with Morgan Stanley, said by phone from New York.
Who wants to see their net worth shrinking, day by day, hour by hour? Or worry about how many Harper pesos they're going to have to take on any (short) vacation. Or how much they're going to have to pay for a California lettuce, or anything from anywhere.
Who wants to see all those seniors on fixed incomes getting poorer and hungrier?
Or hear Stephen Harper brag about how he's a Great Economist Leader.
After putting all our eggs in one oily basket, and leaving the economy in this state:
With consumer debt loads at a record high, manufacturing hobbled by the surge in the loonie to parity with its U.S. peer in the past decade and energy producers cutting investment and jobs, there are few growth drivers left in the economy, analysts say. Employment in manufacturing remains near the record low it reached during the 2009 recession, far from a peak in 2002, when the currency bottomed last time.
And the good news? He can try to distract Canadians with his Great War on Terror, but you can't scare people out of not feeling poorer.
And it will hurt him big time in the next election.
Which because he won't want to wait too long to see how bad it can get, or how low the loonie will fall, will probably come sooner rather than later.
For just like all those groundhogs out there yesterday, who were predicting a long cold winter.
He surely must know which way the wind is blowing...
And know that time is his enemy.
Which is why he's looking so desperate...
And sounding like a maniac, who only wants to talk about WAR.
But who can blame him eh?
He can try to run away from the economy, and what his oily obsession has done to it.
But it will haunt him all the way to the next election.
And it will help destroy him...
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