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Verbatim: Jim Flaherty, whom we have all missed lately


 

From the Inkless low-carbon anti-elitist Québécois-nation-friendly emailbox:

OTTAWA – Conservative candidate Jim Flaherty issued the following statement in response to televised comments made by Stéphane Dion last night:

“Last night, Mr. Dion was asked why his so-called 30-day plan – the plan he sprung during the French debate – was not in his platform, a document that was released just days earlier.  Mr. Dion said: ‘It was difficult for us to write a chapter on a U.S. economic crisis when we were preparing our platform’ (Stéphane Dion, Le téléjournal, October 6, 2008).

This is an extraordinary admission.

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.

Unlike Mr. Dion, the Harper Government got it.  We took action.

We recognized the credit crunch for what it is: a threat to the global economy.  In response, the Harper Government implemented a real plan, including keeping the budget balanced, lowering taxes, investing in Canadian jobs and keeping inflation low. We also tightened rules on mortgage lending, and strengthened the Bank of Canada’s powers to deal with a crisis.

We’re not asking Canadians for a mandate to spend 30 days figuring out what to do.  We are asking for a mandate to continue with our real plan to protect the Canadian economy and the standard of living for workers and their families.”


 

Verbatim: Jim Flaherty, whom we have all missed lately

  1. “… we also made sure that people who have money weren’t thinking of wasting it in Ontario. And the $3B contingency fund? We’ve invested it in partisan flyers and polling focus groups, who told us that a sweater and ixnay-on-the-crisisay’ was the best means to handle the looming economic crunch.”

  2. “Additionally, we recommended that business not invest in one of the economic engines in Canada. We reversed our position on income trusts which destroyed billions of dollars of value for Canadians, especially seniors. We cut the GST and raised income taxes, a move that was heralded by almost nobody. We made it clear that we know Candians aren’t worried about losing their jobs…they’re worried about their portfolio!

    Clearly, it is we who are the best economic stewards of Canada.”

    Paul I think you forgot to copy the rest of Jimbo’s speech, so I added it above in my post.

  3. You people are not being helpful.

  4. dan in van I don’t know where you learned your pig latin, but that should be ‘ixnay-on-the-isiscray’ . . . with your comments riddled with inaccuracies like that, I would say its “not worth the risk” of believing what you write in your posts.

  5. “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.”

    And now for the massive increases in government spending that we wish to announce…

  6. Can I call you Joe?

  7. “Ok, so we didn’t say anything at the time, but all those things we did were part of a secret plan to address the current crisis which we totally predicted. Honest.

    Even the part where we reversed our course on 40-year, no-down payment mortgages. I mean, what the hell were we thinking? Brain fart! Hi-oh!”

    The shreds of credibility Flaherty retained after the Great Common Sense Revolution are long gone. The man’s a walking, talking joke.

  8. Flaherty says: “Last night, Mr. Dion was asked why his so-called 30-day plan – the plan he sprung during the French debate – was not in his platform, a document that was released just days earlier.

    The trick is to not release your platform until the end of the campaign – then you can make it up as you go along, reacting to current issues. Who knows what would have been in the platform if it came out at the beginning of the campaign?

    The Conservative ideology of low taxes and low regulation is how the US got into a hole. Coupled with the high expenditures that have come out of the Conservative tenure, particularly on military spending, we will continue the trend towards recession.

    I’m not defending the Liberals who have followed the same fiscal principles of lowering taxes and cutting social programs, even though money in the hands of ordinary people and small businesses all goes back into the Canadian economy. Corporate Welfare provides only the hope of a trickle-down effect, but we have seen corporate investments and jobs go outside the country. I’ve already voted NDP!

  9. This a bit rich from an invisible finacne minister – throughout the up and mainly downs of the markets over the last few days…
    Mr. Dion has a plan – Mr. Flaherty apparently has a cave he lives in from whence he phones in gna gna comments a la Bin Laden.
    Heck – I’m just listening to Bernard Bernacke speaking right now – and between him and Paulson – I’ve heard maybe 6- 8 speeches helping to explain the bailout and sooth troubles markets!
    Flaherty is a joke – and the only shoes has has right now – aren’t in anticipation of a budget to address the dynamically changing economic climate – they are “gifts” from the CAW in his riding telling him not so politely that it doesn’t matter if he climbs out of his hole – he is going to be “out” in Durham on October 25th looking for a new job…

  10. I forgot they had cabinet ministers.

  11. Really, Aurora, you shouldn’t have rushed into that. Some Liberals seem to think you might want to change your mind. Like that might do you some good… or something.

  12. Let me try that again – with fewer typos – flaherty has ALWAYS got me a little heated under the collar…

    This a bit rich from an invisible finance minister – hiding throughout the up and mainly downs of the markets over the last few days…
    At least Mr. Dion has a plan – Mr. Flaherty apparently has a cave he lives in from whence he phones in gna gna comments a la Bin Laden.
    Heck – I’m just listening to Bernard Bernanke speaking right now – and between him and Paulson – I’ve heard maybe 6-8 speeches over the last 2 weeks helping to explain the bailout and sooth troubled markets!
    Flaherty is now – and has always been – a joke – and the only shoes he has right now – aren’t in anticipation of a budget to address the dynamically changing economic climate – they are “gifts” from the CAW in his riding telling him not so politely that it doesn’t matter if he climbs out of his hole – he is going to be “out” in Durham on October 25th looking for a new job…like most of his constituents!!

  13. Hey Jimbo, show us the plan.

    Any plan. American, Australian, Cuban, Russian… we don’t care whose. Just show the people any plan!

    The most beneficial way, for Canadians, to have the Conservatives respond to Dion’s ideas would be to counter those WITH IDEAS. ANY IDEAS AT ALL!

    Team Harper’s campaign is so void of ideas that a third grader could Google a better one.

    And be more likely to cite their source.

  14. “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.”

    This is the key point here. Even I, an amateur, knew it was coming more than a year ago.

    Now, everyone is dumping on Harper for not panicking like everyone else. It should be the other way around.

    I am voting for no one except Harper.

  15. Jim’s entire thought process:

    “I’m gonna be leader! I’m gonna be leader! I’m gonna be leader! I’m gonna be leader! Screw you, Steverino, I’M GONNA BE LEADER!”

    Well, fine, not the ENTIRE process. The sound of knives sharpening features prominently too.

  16. I hope you live in Calgary Southwest Manny, otherwise that ballot is going to be awfully tricky if you will vote for no one except Harper.

  17. of course, churlish wags could argue that calling an unnecessary election in the teeth of a crisis even an amateur saw coming is certainly not strategically sound. If the Minister of Finance knew this was developing for over a year and the CPC still decided now was the time to go to the polls, well, it will look good on them when after all the expense we wind up with the status quo again. If you knew this was coming the last thing you would do is call an election. Especially if you were the party with the most to gain from the imprimatur of managing this crisis with responsible fiscal policies, rate and tax cuts. If this keeps up we’ll have Layton for PM and unpaid “Jack Days.”

  18. Minister Flaherty makes some excellent points.

    The Prime Minister should have made these same points forcefully during the debates. I cannot understand why he did not, but it is clearly costing him support at the moment. This is a huge communications error by the CPC strategists.

  19. Matt said:
    “of course, churlish wags could argue that calling an unnecessary election in the teeth of a crisis even an amateur saw coming is certainly not strategically sound.”

    Why, exactly is that strategically unsound? Parliament was not functioning and Harper (or whoever wins this election) needs a clear mandate if they are going to be able to address the crisis decisively. Even with a minority, Harper gets a honeymoon period when he can make tough decisions that might be unpopular in the short-run.

    If the early election call were crassly political, one would think Harper would also have run on a crassly political platform. His platform involves spending about 8 billion more dollars over the next 4 years – it is the most meagre offering I have ever seen (by contrast the Liberals propose to spend over 50 billion in the next four years, MORE than the NDP, and no that doesn’t include the infrastructure spending everybody supports).

    The greatest irony of the electionS of 2008 is that voters are putting in the Democrats (who leaned on Fannie Mae/Freddie Mac while resisting reform) and Liberals (who apparently didn’t realize there was a problem till about a week ago), in place of the Republicans* and Tories who sought regulation to avert a crisis.

    *I suppose you can blame former Senator Gramm for deregulating derivative markets in the first place, but if folks had listened to treasury secretary Snow in 2003 or John McCain in 2005 that wouldn’t have mattered.

    I’ve said it before and I’ll say it again: Democracy doesn’t work.

  20. Minister Flaherty
    “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.”
    Except for the 230 economists who suggested exactly that in their open letter call for carbon taxing today.

    Manny
    “Now, everyone is dumping on Harper for not panicking like everyone else. It should be the other way around.”
    Okay, ‘Harper is dumping on everyone for not panicking like everyone else.’ You’re right, this is probably closer to reality.

  21. Just in case people may be dense enough to follow Jenn’s logic, let me offer Manny’s true meaning of the other way around:

    Everyone should be dumping on the other leaders (MYL adds: foreign and domestic) for panicking.

    Of all the little the Tories have offered this campaign, and it has been very little indeed, I will retain: “Now is not the time to do anything rash or stupid.” Amen.

  22. I’m always amazed at how selective (and that’s being generous) short term memory is for CPC supporters…

    So if the CPC knew all this was happening, they decided to spend the cupboard bare for what exactly? They decided to put all their eggs in the commodities market why? They did not do anything about the 0/40 mortgage mess that they themselves approved, and then exacerbated by stopping it right when the downturn begins to hit home?

    Totally pathetic. Completely blind.

    “Nothing rash or stupid”?! They epitomize both.

    Austin

  23. Oh, come on, Madeyoulook, I was only funnin’. I don’t think anyone on these threads would really think that’s what Manny meant–I certainly didn’t.

  24. Oh, come on, Madeyoulook, I was only funnin’. I don’t think anyone on these threads would really think that’s what Manny meant–I certainly didn’t.

    Well then, Jenn, you have most certainly not been paying attention to the comment threads.

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