Saturday, November 29, 2008

Jim Flaherty: After the State of the Economy Speech

Was he caught with his pants down misleading the public? Looks like it. As he says, no economic stimulus is needed and there will be no budget deficit. Looks like a mental deficit. If that is the state of economy then I have a bridge for sale.

Every major economy in the world has problems at this time and governments are coming up with stimulus packages. How Canada is an exception is baffling. How Flaherty will pull off balance budgets is another mystery. With economic downturn, government revenues are going to slump. Where would Flaherty get revenues? This time the Harper government did it. It played its tricky dickey hand once too often. Maybe coalition between Liberals and NDPers will work and we can get some stable government.

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