Well, I guess I have two thoughts.
1. This isn't the end of the world. If it results in a stable majority then I guess there is good with the bad. It's certainly not ideal, and I sure wish Harper had found a way to work with the rest of parliament instead of overplaying his hand.
2. This is in my view a huge blunder for the Liberals. If they govern their way out of this recession, they may come out OK--but the optics are already very bad. If they also end up being a failed government, the party is toast for at least a decade. Very risky play, and I'm a little surprised that they don't see it. My hope is it's a bluff.
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