Stockwell Day: Trade deficit lowest since 1976.

The energy crisis.

And now the year of the car crash. You are hiding something under your sweater Mr. Harper and your lapdog Flaherty is hiding in Stockwell's office.

http://www.cbc.ca/clips/mov/lee-balance-pay090211.mov

And the Harper government is sure as hell NOT going convince Canadians that they need to become accustomed to deficits. It's in times like these that Canadians have worked best to create support systems unique to our demographic nature. If the USA doesn't want our beef or to pay us fairly for our lumber the EU has always been furthermore willing.

 

The whole world is going to have to look elsewhere for ravenous consumers. Sorry about that. Perhaps the US's wealthiest 3% will take up the slack, but I doubt that. I don't think they shop locally.

 

yeah, so sorry we've inconvenienced you, canada.

 

Canada has been one of the best performing economies in the world throughout this crisis. Yet you talk like the government has some sin to repent for.

 

I don't think they've sinned but they've been short sighted like the rest of the world in targetting only the US consumer as their primary market. We are out of funds and a future at the moment. Perhaps China or India where we sent our intellectual capital is the new market.

You could sell your products to them. But wait they are also focussed on selling goods to the US, and your products are only parts that make up a portion of a whole Ain't the global ecomony grand?

 

precisely so.

 

Haha, it does. We lost 129,000 jobs in January alone, we're nowhere on climate change policies. Harper prorogued government for two full months to do nothing for Canadians. And now they've just past a $64 billion deficit spending budget for the next two years.

They have a lot to repent for.

 

Yes its called a global recession. In a recession people lose jobs and budget deficits widen. Why you think this is all Harper's fault remains a mystery.

 

Harper has been focused on a western based resource economy. The manufacturing sector in Ontario, where 40% of Canadians live, has been faultering for years. Harper had been counting on the income from resources to maintain the governments surplus' and trade balance. With a rapid decline in resources comes huge deficits. Add to that deepening job losses in the manufacturing sector and we have a recipe for economic disaster.

The federal government treats Ontario with contempt and disdain never recognising the benifits of a strong Toronto and Ontario for Canada. The Conservatives have been far to rural and western focused to properly manage economic affairs.

 

OK, so you wanted a balanced budget. What do you want to cut?

Personally I have no preference between natural resources and manufacturing. But I would say that, I'm a westerner.

 

The problem is that creating a dependance on a resource such as oil, maintaining historical high pricing showed little forsight. The technology and manufacturing industries create demand through quality, improvement and innovation. Build it better or make it more efficient and people will demand it. That should have been where government was concentrating development funds. Not the Tar sands which creat prohibitively expensive oil and use huge amounts of natural resourses and do irreparable harm to the environment.

Look at the trend in oil prices. I think a collaps should have been somewhat predictable.