Well at least now we know why Stephen Harper was twisting himself into knot, or looking like he was auditioning for the Hunchback of Notre Dame, by refusing to even mention the dreaded 'R' word.
So now that it's official, Canada is in a recession.
He could continue to deny reality.
"We've had a few weak months," shrugged Stephen Harper, who immediately dove into one of the silver linings in the report. The agency found that the economy began to bounce back in June as GDP grew by 0.5 per cent after shrinking over five straight months.
And claim instead that it wasn't bad news it was GREAT news !!!
"Elsewhere there's growth and today one of the greatest monthly growths occurred in June, so it's clear that the Canadian economy is growing," the prime minister said in Burlington, Ont. where he pledged new support for Canadian manufacturers hit hard by the downturn.
And just another reason why him and his Cons should be returned to power. Because only they can manage the economy, the opposition cannot be trusted to govern the country.
And of course because he's a Great Economist Leader...
Who would beat his bony chest on a day when the Toronto stock market lost almost 400 points.
Canada’s main stock index fell close to 3 per cent on Tuesday as the latest disappointing economic data from China spurred another round of selling in global markets and sent commodity prices lower.
A day when the price of oil and other commodities fell again. And it couldn't be clearer that his oily fixation has led us to disaster.
The Canadian Association of Petroleum Producers says there have already been 35,000 jobs lost in the province due to the slumping oil price and subsequent downturn in the economy.
Thousands and thousands of workers are losing their jobs in Alberta, Saskatchewan, Newfoundland, and many other places in Canada.
Which must be added to the 400,000 lost jobs in the manufacturing sector, which our Great
Now I would expect Harper to make the best of the minuscule increase in our GDP in June. Or polish it like a tiny turd.
That's normal and acceptable, and who knows what might happen in the next quarter?
But what is not acceptable, and absolutely disgusting, is the way he brags about his dismal record. And lies like a thief.
For his claim that 80% of Canada's economy is growing, and that the energy sector is responsible for what he calls a short lived
Statistics Canada’s GDP analysis shows unequivocally that there is hardship in the industrial and manufacturing sectors – above and beyond the contraction of the energy sector. For these reasons, Harper’s statement – that “80 per cent of the economy is actually growing” – contains “a lot of baloney.”
And so is his oft repeated claim that Canada leads the G7 in economic growth.
As his hapless tool Erin O'Toole found out yesterday when he tried that talking point out on the CBC's Power and Politics show.
As instructed by his ghastly master...
Only to be put in his place by Rosemary Barton.
Armed with this chart...
Which left O'Toole reeling and looking like an idiot or a liar.
You can see that educational moment if you wish, at approximately the 6:26 mark on this tape...
But this is the bottom line: A recession is a recession.
This pointless debate over recession or not-recession should not be allowed to obscure the basic reality lived by most Canadians – that the economy is weak and more of the same from the Conservatives isn’t likely to fix it.
The Con's economic policies have failed.
Slashing corporate tax rates to record low levels, as the Conservatives did, has clearly not done the job. It’s time to consider other measures to encourage capital investment by the corporate sector. We need an infusion of investment in innovation, training and equipment to break the cycle of low growth and weak job creation.
We need to find new and better ways to revive our economy.
And of course, not only is Stephen Harper NOT a Great Economist, he is such a pathological liar and a Con artist, he's unfit to remain in office.
For I believe that only the truth will set us free, and since Stephen Harper is a liar.
We will not be free until the day we defeat him.
And hopefully send that depraved leader, to the place he truly belongs...
Now it's not only a moral imperative.
It's a matter of economic survival...
Please click here to recommend this post at Progressive Bloggers