- Reaction score
- 5,964
- Points
- 1,260
Too bad!
According to this report, reproduced under the Fair Dealing provisions (§29) of the Copyright Act from the CBC’s web site, Iggy and Steve will find a way to avoid a summer election:
http://www.cbc.ca/canada/story/2009/06/15/ignatieff-economic-report-response834.html
I think a national general election this summer would be a good thing for the economy. It’s principle effect – because it will be of little real political consequence – will be to stop the inflationary “stimulus” projects in their tracks, never to be resurrected.
I think there will be few real political consequences because I expect that the Liberals will make a few (single digit) gains in Québec and Ontario – maybe, just possibly, enough to form their own very weak minority government or, just as likely, another, but weaker, Conservative minority. The winners will be the civil service: especially the mandarins in Finance who are already nervous about the size and speed of the government’s “stimulus” programme. Their nervousness has two facets: the consequential deficits and inflation caused by too much spending too quickly.
Stimulus spending will stop, like a car hitting a stone wall, as soon as the election writs and dropped. After the election the next prime minister will confront a phalanx of middle aged, middle class civil servants in charcoal grey suits – most with PhDs in economics, all saying: “Stop! It is time to reign in the stimulus spending. The recovery is underway and, now, inflation is the bigger enemy. None of our programmes are going to do much of anything about the collapse of employment in Ontario’s manufacturing sector. There are excellent arguments for a sustained, but much slower, programme of infrastructure repair and maintenance and for some new spending on things like public transit. We (the bureaucracy) accept the political necessity of sustaining Chrysler and GM through a process of “graceful degradation” as they decline and, finally, fall away entirely, but it is important to realize and tell Canadians, as PM Harper did, that it is good money sent after bad and it is not an investment. We will never get it back. What you do not have to do TO your country, now, Prime Minister, is to burden it with a huge deficit and unnecessary inflation – which eats savings and kills jobs.”
But, sadly, it appears that Iggy doesn’tcare enough believe he can win at least a strong minority, so he will continue to put Liberal Party partisan advantage ahead of Canada’s best interests.
Election now!
edited for title update
According to this report, reproduced under the Fair Dealing provisions (§29) of the Copyright Act from the CBC’s web site, Iggy and Steve will find a way to avoid a summer election:
http://www.cbc.ca/canada/story/2009/06/15/ignatieff-economic-report-response834.html
Liberals to set conditions on Tories to avoid election: report
Last Updated: Monday, June 15, 2009 | 7:02 AM ET
Liberal Leader Michael Ignatieff will respond to the Conservatives' economic progress report on Monday, in a statement expected to indicate to Canadians whether his party will present a no-confidence motion that could topple the minority government.
Ignatieff has reportedly spent the weekend examining the 234-page report and speaking with party officials. He met with the Liberal caucus on Monday morning before holding a press conference to issue his response to the report.
The Canadian Press quoted sources inside the caucus meeting as saying Ignatieff will impose conditions on the Tories to avoid a summer election, including a demand for changes to the federal employment insurance system.
The sources said Ignatieff will also demand more information about stimulus spending and the ballooning deficit — and action on the medical isotope shortage.
The earliest opposition parties could defeat the Tories in the House of Commons is Friday, as MPs vote on the latest round of spending estimates in support of the government's economic recovery plan.
NDP, Bloc will oppose
The NDP and Bloc Québécois have already said that they will reject the economic report.
If the Liberals also oppose the statement, Prime Minister Stephen Harper's government would likely fall and send Canada into a summer election.
The economic statement, presented in Cambridge, Ont., on Thursday, was the second introduced by the Conservatives since January's budget.
In exchange for supporting the Conservative budget, the Liberals demanded quarterly reports on the state of the economy and on how federal stimulus funds were being spent.
The latest progress report showed roughly 3,000 infrastructure projects across the country are getting underway as part of the government's $22.7-billion stimulus plan and that about 80 per cent of the plan's funding has already been allocated.
'Never going to back down'
Ignatieff criticized the Tories' report on Thursday for a lack of transparency in showing whether stimulus money is actually reaching Canadians.
"You have to have a PhD in economics to figure out whether [the money] has actually got out the door," he said. "Our objection to the whole government's performance is that we cannot establish whether the money is getting out."
He has also said he doesn't think Canadians currently want an election but that his job is to hold the government to account.
NDP finance critic Thomas Mulcair said an election is not his party's first choice of action but it will not support the report.
"We were not about to provoke the fall of the government — on the other hand, we are never going to back down and we're never going to vote confidence in favour of the Conservatives," Mulcair said.
The Liberal party has previously stated that other factors that will determine their decision to topple the government include:
The "major medical crisis" provoked by the shutdown of the isotope-producing nuclear reactor at Chalk River.
The government's refusal to adopt equal access to employment insurance across the country.
The fact that only six per cent of infrastructure funds have actually started flowing.
Friday's vote would be the last before the House of Commons rises for a three-month summer recess.
With files from The Canadian Press
I think a national general election this summer would be a good thing for the economy. It’s principle effect – because it will be of little real political consequence – will be to stop the inflationary “stimulus” projects in their tracks, never to be resurrected.
I think there will be few real political consequences because I expect that the Liberals will make a few (single digit) gains in Québec and Ontario – maybe, just possibly, enough to form their own very weak minority government or, just as likely, another, but weaker, Conservative minority. The winners will be the civil service: especially the mandarins in Finance who are already nervous about the size and speed of the government’s “stimulus” programme. Their nervousness has two facets: the consequential deficits and inflation caused by too much spending too quickly.
Stimulus spending will stop, like a car hitting a stone wall, as soon as the election writs and dropped. After the election the next prime minister will confront a phalanx of middle aged, middle class civil servants in charcoal grey suits – most with PhDs in economics, all saying: “Stop! It is time to reign in the stimulus spending. The recovery is underway and, now, inflation is the bigger enemy. None of our programmes are going to do much of anything about the collapse of employment in Ontario’s manufacturing sector. There are excellent arguments for a sustained, but much slower, programme of infrastructure repair and maintenance and for some new spending on things like public transit. We (the bureaucracy) accept the political necessity of sustaining Chrysler and GM through a process of “graceful degradation” as they decline and, finally, fall away entirely, but it is important to realize and tell Canadians, as PM Harper did, that it is good money sent after bad and it is not an investment. We will never get it back. What you do not have to do TO your country, now, Prime Minister, is to burden it with a huge deficit and unnecessary inflation – which eats savings and kills jobs.”
But, sadly, it appears that Iggy doesn’t
Election now!
edited for title update