Thursday, March 05, 2015
Stephen Harper the Not So Great Economist Leader
Well now we know why Stephen Harper would rather talk about terrorism than the economy.
Why he would rather scare people into voting him, than promise them better jobs.
Because if he did talk about the economy people would be REALLY scared.
Or really ANGRY.
One of Canada's major banks says the quality of Canadian jobs is taking a nosedive. And even though Stephen Harper likes to pat his own back and praise his own jobs record, CIBC tells us the quality of Canadian jobs has been steadily trending downwards throughout Harper's time as prime minister.
Released Thursday, the new report from CIBC shows part-time jobs and self-employment rising sharply at the expense of full-time, high-paying jobs.
Because although he likes to say this over and over again in Question Period.
That shabby old Con artist is just misleading Canadians...
As economist Mike Moffatt points out "the claim that the number of Canadians with a job is at an all-time high is factually true, but misleading due to population growth.
" So there are more jobs than at any time in Canadian history in 2015 because there are more people than there were in 1867. In reality, the percentage of Canadians with a job is actually lower now than at the lowest point of the recession."
Old Fingers Harper, who thought morality was for suckers, and that he was smarter than the people AND the police.
And if you thought that something good could come from the diving loonie, or the Harper peso...
And that it cause Well you can forget about that.
“There has been a hollowing out of the industrial base here in Canada, a lot of jobs lost,” Aubrey Hearn, a portfolio manager at Sentry Investments Inc., said by telephone from Toronto. “Does that race back? I wouldn’t bet on it.”
Bank of Canada Governor Stephen Poloz told a business audience in New York in December that during the last period of low global demand and a rising local currency, between 8,000 and 10,000 Canadian exporting companies went out of business.
Because he killed our manufacturing sector with the high petro dollar, and now his low interest and low wage policies, are drowning us in DEBT.
Canadians are once again proving they have an insatiable appetite for debt. Despite warnings by the Bank of Canada that the country’s economy is in for a bumpy ride this year, household debt grew by 4.6 per cent in January, a new report says.
And making us look like Greece:
Canada's household debt-to-income ratio rose more than any other country outside of Greece between 2007 and mid-2014, according to a recent analysis by McKinsey Global Institute.
Or the U.S. before the crash.
Canada is one of a few countries in the Western world where household debt burdens are higher than they were in the United States at the peak of the global credit bubble, McKinsey said.
And since you can't sweep a mess like that one under the carpet, by just yapping about terrorism, one really has to wonder how long it will be before Harper starts blaming others for the disastrous state of the economy.
Like his good buddy Jim Prentice.
As if recession and depressed oil prices weren’t bad enough, Premier Jim Prentice compounded his problems by seeming to blame his province’s fiscal woes on Albertans, leading to a stiff public backlash and calls for an apology.
“We all want to blame somebody for the circumstance we’re in,” Mr. Prentice said on Wednesday. “In terms of who is responsible we all need only look in the mirror. Basically all of us have had the best of everything and have not had to pay for what it costs.”
And since his mental state is being described as somewhere between delicate and
And he's in such a mad rush to pass his dangerously flawed anti-terrorist bill Bill C-51, I do believe he's capable of ANYTHING...
And the good news?
He can run, he can hide, but he will not escape his economic record.
He didn't know what he was doing, he was no Great Economist Leader.
The economy will be THE major issue in the next election.
And it WILL help destroy him...
Please click here to recommend this post at Progressive Bloggers.