Friday, November 28, 2008

FU from JF

Where is the support Jim?

Flaherty's instinct to cut out of step with world

As the rapidly worsening global recession pushes governments around the world to step up spending, Ottawa's first official response is to cut back.

The fiscal update presented yesterday by Finance Minister Jim Flaherty will suck $6-billion out of the economy next year. Heather Scoffield, Globe and Mail

Professors give Flaherty a failing mark

Desai said there must be across-the-board spending on infrastructure that has been systematically dismantled in Canada for 20 years. She argued the Harper government allowed partisanship to trump doing what was right for the country.

The Economic Forum has argued for massive economic stimulus, largely by investing in the country's infrastructure. Instead, Flaherty offered what McMaster University economist Atif Kubursi called the "window dressing" of minor changes in pension rules, previously announced tax cuts and selling as-yet-undetermined public assets. Linda Diebel, The Toronto Star

Harper plays chess… while Rome burns

The real outrage of yesterday’s economic “update” is not that it seeks to impose on most parliamentarians a change to funding rules that most of them would never ordinarily accept; it’s that it accomplishes nothing else. It’s that in the most dangerous economic times Canada has faced in 20 years if not far longer, this prime minister can’t wipe the smirk off his face and grow up a little. Paul Wells, Macleans

The Commons: Gaming the system

First Dion, then Duceppe, then Layton with a crescendo. “Mr. Speaker, later today Canadians are going to be looking for bold leadership and dramatic and immediate action. They are going to be looking to see EI reform. They want to see strong action to protect their pensions. They want to see credit guarantees for businesses that are on the edge. The jobs of those workers are on the edge literally this afternoon. Canadians want to see investments in infrastructure to create work,” he cried.

His caucus rose to cheer, his voice swelled to yell over them. “Instead of an immediate stimulus package to attack the recession, the government is apparently going to attack democracy,” he continued, the Conservative benches clucking at this. “I ask the Prime Minister how such an attack is going to create one job or protect one pension?” Aaron Wherry, Macleans