It’s the holiday season and Canadian financial experts are praying that spending increases to revitalize the fragile Canadian economy. Little do they know, Canadians are still cash strapped, Canada’s economy hasn’t moved a budge and most Canadians expect 2013 to go down hill. What does this mean? As long as citizens feel a rocky road, they too are closed for business.
Prime Minister Stephen Harper has approved the CNOOC-Nexen takeover deal and Canada is now trapped in a 31 year deal where China will almost always get the final say. The Chinese government does not believe in our free and capitalist society, remaining totalitarian with a communist system that has one of the worst standards for human rights in the world. This was once a concern for Harper whom slammed the door on China but now, out of virtually nowhere, not only is China an important trade partner, it is trusted enough to own, for 31 years, one of Canada’s most strategic resources that is in very high demand and low supply around the world. In other words, Canada got royally ripped off with its flat rate $15 billion in one-time revenue.
Stephen Harper and his Conservatives have fought hard for their coveted F-35 contract, even in spite of inflating costs and warnings from the US congress. Now, without surprise, the Conservatives have been forced to retreat on the purchase of planes that wouldn’t even have been equipped to fly! It must be a very painful day to be the Conservative strategist because the party has invested a lot of political capital and a lot of taxpayers’ time into this deal. We all know that time is money and Canada’s air-force doesn’t have forever to wait for new planes and we all know that we can get state of the art planes for a better price than the Conservative offer for the F-35 defects.
Newly appointed Conservative Senators are finding their perks rather appealing – so appealing that they are cheating taxpayers to cash in. First Patrick Brazeau abused the system, and now Mike Duffy. We can all agree they should repay their takings and we all agree their expenses will never outweigh their salaries. We can, then, agree the housing allowance perk should be scrapped and the savings be refunded.
The Conservatives have spent the past few elections and inter-election periods demonizing a carbon tax that they themselves have promoted. At a Canada-UK Chamber of Commence meeting on May 29, 2008, Stephen Harper said that his government has applied a $65 per ton price on carbon, which we all know translates to a $65 per ton tax on carbon which is a carbon tax.
After yesterday’s tight races in 2 federal by-elections, Calgary-Centre stayed Conservative and Victoria remained NDP. The third race, Durham, saw a strong Conservative victory. Overall, despite their losses, the Liberals and Greens can celebrate the results, which are bittersweet for the Tories and NDP. The winners may keep their turf, but it isn’t stable.
The Conservatives are stellar at economic management – enough so that they managed to bring Canada to its highest level of debt in history. Canada’s debt hit $600 billion yesterday and shows yet again how competent the Conservatives are at managing Canada’s economy – as if their chronic and secretive spending habits and their new round of deficits weren’t bad enough.
Finance Minister Jim Flaherty confirmed that Canada is in deeper economic trouble than anyone was willing to tell us. They didn’t want us to know how much they actually spent and they tried their best to hide the numbers, as the Auditor General pointed out last month, but as we crunch the numbers, we see that this government has spent more than any government in Canadian history.
Developing Canada’s oil sands brings great promise to the Canadian economy and allows for an opportunity to emerge as a major player in the energy market. The oil that sits unrefined in Alberta opens doors to vast new trade opportunities, which each bring long term benefits. Most importantly, Canada’s oil presents an opportunity to lower fuel prices nationwide and offset some of the tax burden from middle class families to fund the services Canadians cherish. Overall, if exploited wisely by Canada’s private industries and used for the right objectives, Alberta’s oil sands present an opportunity to bring great benefits to this country… Why would you want to give that away?
Since the defeat of Paul Martin’s Liberal Minority Government in 2006 by Stephen Harper’s Conservatives, the news has only gotten worse, and worse, and worse for the Liberal Party of Canada. The once mighty party was reduced to third party status last year after repeated hits, losses and unfavorable conditions. However, there is a glimmer of hope at the horizon. As the Liberals grow and rebuild, a new Forum poll for The National Post shows, in favor of other polls that have been conducted, that star candidate Justin Trudeau can take them back to the top if he becomes their leader.