Saturday, January 16, 2016
Why Stephen Harper's Economic Record Needs to Be Put on Trial
Stephen Harper hasn't been seen in public now for almost a month, and almost nobody knows where he is hiding.
Some say he's still in Las Vegas, others say he's been spotted in Mexico.
But he might as well have never left.
Because his ghastly legacy has come back to haunt us.
The shock from the relentless slide in oil prices is spreading ever further into Canada’s economy and financial markets, with the dollar, the stock market and bond yields all descending to new lows in what was an ugly end to a volatile week.
Canada’s distinct vulnerability to the global commodity bust is reflected not just in equity carnage, but also in the plunging value of the Canadian dollar, which sunk to below the 69-cent mark for the first time since April, 2003.
It's getting dark out there, millions of Canadians are much poorer than they were just a week ago. Their confidence has been shaken.
“Many Canadians view the exchange rate as a temperature gauge on the country’s economic well-being,” he said. “The unprecedented pace of its decline risks an even larger hit to growth by shocking household confidence.”
And to make matters worse the Cons and the Con media are trying to blame the catastrophic situation on Justin Trudeau...
The comment pages of the country's newspapers are crawling with Con trolls, trying to blame Trudeau for what's happening.
While the ghastly wannabe Trump Kevin O'Leary tries to blame the disaster in Alberta on Rachel Notley.
And although that might sound absurd, it can be dangerous.
For as Don Pittis points out, in times like these it's only too easy to find political scapegoats.
Now that Rachel Notley's NDP has taken power in Alberta, things have gone off the rails. And Trudeau! Surely everyone knows his dad's National Energy Program was the reason for the last oil crash.
Absurd as those statements may appear to those who understand the workings of global markets, there are already signs that right-leaning supporters of the oil and gas industry are busy seeking political scapegoats. It may be in vain, but Canada's current political leaders must tread carefully if they wish to avoid taking the blame.
So it's absolutely essential that we remind Canadians who is really to blame for the economic situation.
And that it is all Stephen Harper's fault.
Who by placing all our eggs in one oily basket, tied the loonie to the price of oil so tightly that when one goes down so does the other...
No matter what the Cons and their fellow oil pimps say.
Conservatives in the oil industry are watching for any opportunity to point fingers at policy by Notley or Liberal Prime Minister Justin Trudeau as the reason for the dire troubles the sector is currently suffering. If nothing else, their scrutiny diverts attention from their own failure to foresee the crash in oil prices, now so obvious to everyone.
And who by having allowed the loonie to rise too high for too many years killed off our manufacturing sector to the point that even a lower dollar can't revive it.
And has left our economy in ruins...
Whatever him and his Cons might claim.
With many poor Canadians now struggling to pay for the soaring price of food.
Many seniors having to choose between eating or taking their medication.
While Harper the millionaire enjoys himself in Las Vegas or Mexico.
Sunny places many Canadians can no longer afford to visit,
And Kevin O'Leary enjoys a $13 thousand dollar dinner.
Which couldn't be more disgusting, but does suggest a way to make the Cons pay for what they have done.
Before the myths they are peddling become embedded in the heads of the uninformed or the terminally dumb.
Portray them as the ghastly Con hogs who fiddled while our country burned...
And let the flames of a people's anger.
Finish them off once and for all....
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