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The facts on Harper and Flaherty’s fiscal mismanagement

本文发表在 rolia.net 枫下论坛The facts on Harper and Flaherty’s fiscal mismanagement
Fact: Mr. Harper’s Finance Minister, Jim Flaherty, sat at the cabinet table with John Baird and Tony Clement that produced a budget going into an election that left Ontario with $5.6-billion deficit.

Fact: The Harper government is the largest spending government in Canada’s history.

Fact: Against the advice of an overwhelming majority of economists, Mr. Flaherty cut the GST instead of other taxes, costing the federal budget $11 billion annually.

Fact: Federal spending increased over 14 per cent in the two years under the Conservative government.

Fact: Statistics Canada has reported that the Canadian economy is enduring the worst economic growth and productivity since 1990 when Brian Mulroney was Prime Minister.

Fact: Canadian productivity, or output per hour worked, fell 0.2 per cent in the second quarter of 2008, after declines of 0.6 per cent in each of the previous two quarters, Statistics Canada reported.

Fact: Canada is undergoing the longest series of consecutive quarterly declines since 1990. According to Merrill Lynch economist David Wolf, the only reason Canada avoided a technical recession -- defined as two consecutive quarters of economic contraction -- in the first half was due to a continued expansion in the public sector. However, he said growth in the public sector was unsustainable without further government stimulus, which would likely pull the budget into a $6-billion deficit – the first deficit since 1996.

Fact: Stephen Harper's Conservatives have managed to turn high growth and surpluses to near recession and deficits in two short years.更多精彩文章及讨论,请光临枫下论坛 rolia.net
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