Jim Flaherty on Stéphane Dion on the U.S. financial crisis:
The American credit crunch did not start two weeks ago. It started over a year ago and it has been issue number one for every person with any understanding of economics.
Yet, for the past year, Mr. Dion has been totally oblivious to what has been going on. And his carbon tax proves it. At a time of global economic uncertainty, no responsible economic manager would suggest experimenting with risky new tax schemes or massive increases in government spending.