How bad is it?

Stephen Harper. “There is a real risk, as this recession continues and if it deepens, that we will have an explosion of global security concerns, threats across the world. That is a big worry … We didn’t cause the global recession. We fundamentally can’t resolve it. That frustrates me. It bothers me when Canadians lose their jobs and you know, I may eventually lose mine.”

Jim Flaherty. “Most people in Canada came from other places, including the United Kingdom. Most of them came on boats. Most of them came with nothing. Many … died because of disease while they were travelling to Canada. We commemorate that in various places in Canada. Relatively speaking, this is a mild economic recession. These are relatively mild challenges for us. We will come out of this strongly.”

On the same note, Dan Gardner skewers Michael Ignatieff.

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