For years Stephen Harper was able to fool or brainwash many Canadians into believing that he was a Great Economist Leader.
Even as he put all our eggs into one oily basket, demolished what was left of our manufacturing sector, brought in armies of foreign workers to drive down wages, failed to create enough jobs, and ran one deficit after the other.
And he was hoping that helped by a billon dollars worth of porky ads paid for with OUR money, that phony reputation would win him another monstrous majority.
But yesterday that dream ended, when the day of reckoning finally arrived.
Bank of Canada governor Stephen Poloz set off a political bombshell in the run-up to the fall election by confirming the country’s economy has been mired in below-zero growth all this year.
Poloz said Canada has been experiencing below-zero economic growth for the first six months of this year — the usual definition of a recession. But he steadfastly refused to use the “R” word, insisting that debating whether the country is in recession is “especially unhelpful.”
And for Great
Three months from an election, Bank of Canada Governor Stephen Poloz has delivered an economic assessment that can rile Stephen Harper’s political election plans: It raises the prospect that the country is in recession, and that the federal budget surplus has turned to deficit.
It’s not just that the economy is so surprisingly weak that Mr. Poloz announced another interest-rate cut, the second this year. But that move, and the report that accompanied it, spread the notion of a worrying, across-the-economy stall, and undermined some of the symbols that the Prime Minister uses to bolster his most prized political asset: his reputation as an economic manager.
As he watches his phony reputation go down the toilet along with the loonie...
Which must be really really painful, for a man who made deficit reduction such a big deal.
A deficit, even one so small it’s economically insignificant, is a major symbolic blow. Mr. Harper’s government trumpeted April’s balanced budget as a major achievement. The Conservatives are running commercials ridiculing Mr. Trudeau for saying that (with economic growth) “the budget will balance itself.” Now, Liberals can counter that the budget isn’t balanced at all.
And it could be fatal.
Politically, all that has the potential to upset Conservative election plans. Governments don’t micro-control economies, but they do reap credit or blame. Usually, a little economic uncertainty is good for them: They want voters to ask which leader can steer the country through it, figuring most will pick Mr. Harper. But talk of a recession, and a surplus unravelling into deficit, can change that equation.
So what is Stephen Harper doing about this slow motion economic meltdown? Claiming that even though he led us into the Valley of Recession, only he can lead us out of it.
Blaming others for his mistakes.
And on his propaganda channel's latest video reminding Canadians that he's still determined to BRIBE some of them...
Because now he's so desperate he's out flogging his puny and porky child care cheques just like Pierre Poilievre.
Who was last seen trying to buy votes in North Bay...
320 families in #NorthBay are missing out on the boosted Universal Child Care Benefit. Help us find them! #UCCB pic.twitter.com/Hr4whDRmsq— Pierre Poilievre (@PierrePoilievre) July 15, 2015
And of course it couldn't be more pathetic...
And the Cons couldn't be more desperate.
For nothing will save them now.
The monstrous myth that Stephen Harper was a Great Economist Leader, or knew what he was doing, is over.
And the beast it became.
Will now help destroy him...
Please click here to recommend this post at Progressive Bloggers.