November 14, 2008

Flaherty Must Be Getting Dizzy From All His Turning Around

What it all really comes down to is that Flaherty really isn't qualified for the job of Minister of Finance. The biggest issue is that he's a politician first and foremost. He's a politician that also happens to have some knowledge of financing - too bad knowing isn't the same as understanding. But who am I to say anything? I'm not an economist or an accountant. Though I do understand the poor economics of rushing to cut the GST rather than cutting income taxes. I also understand his reasoning and solution, for breaking his promise on taxing income trusts, was flawed and so forth.

When Flaherty starts talking about his 'plans', I just cringe. Selling off items such as the CN Tower is a short term fix that is tantamount to Harris (with Flaherty) selling off the 407. It's a short-term political posture that has no benefit in the long term. There's nothing to gain except Flaherty being able to say he balanced the budget - this year. Which is the point, for him.

This is why he's spinning around like a top with his comments. Though that also seems to be a problem with him since he seems to like blurting out comments without thinking. Which really means he's just as poor at being a politician.


Flaherty on running a deficit (Oct.08/08):

In responding to the worsening global financial crisis that has slowed economic growth in Canada and elsewhere, “we'll do what we have to do, so long as we remain economically prudent. We're sure not going to run a deficit ... We will maintain a surplus in Canada and we will continue to pay down debt.”

Asked if running even a small deficit would be bad in these difficult times, Mr. Flaherty said flatly: “Yes, it would be.”

Flaherty on running a deficit (Oct.22/08):
Finance Minister Jim Flaherty is leaving the door open to the possibility that the Conservative government could run a budget deficit in future years as a result of the current economic crunch...But in an interview with CBC-TV yesterday, Flaherty was less certain about balancing the budget in the 2009-10 fiscal year or thereafter.


Flaherty on reaching a balanced budget (Oct.29/08):

Finance Minister Jim Flaherty said the federal government will do what it can in this challenging economic time to keep the budget balanced, but it won't do so at any price.

"We're not going to engineer a surplus on the backs of Canadian families and Canadian businesses for the sake of being able to say we have a surplus," Flaherty told CTV Newsnet's Mike Duffy Live on Wednesday.

Flaherty on reaching a balanced budget (Nov.13/08):
The federal government is looking to sell capital assets to help balance the books, a sale that could include the CN Tower, Finance Minister Jim Flaherty said today.


Brad Dillman said...

Please, he was joking when he said he'd sell the CN Tower. That sound bite is way overdone already.

The Conservatives are hollowing out government revenue until they're FORCED to cut social programs (not that they'd WANT to). They leave themselves no choice after they privatize everything.

Kyle said...

I get it was a joke. But the point is still relevant.

They hollow out the government intentionally to force themselves into a position they have to make cuts in social programs but can use the excuse that they have to due to lack of available funding. It's also about handcuffing future non-Conservative governments.

Quotes from people smarter than me...

"If a free society cannot help the many who are poor, it cannot save the few who are rich" ~ JFK

"Our lives begin to end the day we become silent about things that matter. " ~ Martin Luther King Jr.

"Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety. " ~ Benjamin Franklin

"First it is necessary to stand on your own two feet. But the minute a man finds himself in that position, the next thing he should do is reach out his arms. " ~ Kristin Hunter

"When you're a mayor and you have a problem you blame the provincial government. If you are provincial government and you have a problem you blame the federal government. We don't blame the Queen any more, so once in a while we might blame the Americans." ~ Jean Chretien

"Which is ideology? Which not? You shall know them by their assertion of truth, their contempt for considered reflection, and their fear of debate." ~ John Ralston Saul

"It is undoubtedly easier to believe in absolutes, follow blindly, mouth received wisdom. But that is self-betrayal." ~ John Ralston Saul

"Everybody dies, Tracey. Someone's carrying a bullet for you right now, doesn't even know it. The trick is to die of old age before it finds you." ~ Cpt. Malcolm Reynolds (Firefly, Episode 12)