if there was any question that this coalition was anything but a power grab, this stuff should put it to rest. Dion/Layton announced an economic panel to advise them in the face of the "Conservatives having no plan"...right?
It was news to at least 3 of the 4 named as advisors.
Quote:
The Liberal-led coalition ran into its first economic obstacle last night, as two prominent Bay Street advisers said they do not plan to assume so-called "wise men" roles.
Frank McKenna and John Manley - both former Liberal cabinet ministers who now work on Bay Street - indicated they do not intend to be part of an economic advisory panel the Liberals and NDP said would instill business confidence in a coalition government.
Mr. Martin and Mr. Romanow could not be reached for comment last night. Mr. Romanow's wife indicated that her husband was also surprised by a report that he'd be among the panel, saying "there was a little bit of a question mark" about where the information came from.
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Now we move on to this beauty. It was said repeatedly at the press conference that the reason that they were taking this unprecedented move was because the Conservatives showed no plan and had to be removed because something needed to be done NOW. Seems like that very reason is why the coalition are not announcing the plan....because they dont have one.
Quote:
In Ottawa, the coalition's leaders continued to steer clear of specifics on their economic plan, saying it would be irresponsible to commit to a dollar figure before getting a look at the government's books.
"The amount we could afford to commit would be different with a balanced budget than if we have a $10-billion deficit," Liberal John McCallum, a former chief economist with the Royal Bank of Canada, said in an interview. "The prudent thing to do before committing to a dollar figure is to see where we're starting from. We can't do that until we take government."
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So they need to see the books before they can make a decision....but they made a decision on the Conservatives before they saw the books?
Awesome.
Oh and it could be another bumpy day on the TSX.
Quote:
The uncertainty over the coalition's economic program raised concern in the business community, where several sectors - including automobiles, forestry and banking - await crucial policy decisions from Ottawa.
The Canadian Chamber of Commerce last night issued a scathing attack on all parties for not making the economy a greater priority.
"With so much at stake, all members of Parliament must set partisan manoeuvring aside and focus instead on measures to bolster investor and consumer confidence and restore economic growth," the business group, with 175,000 members, said in a statement.
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Unreal.
http://www.theglobeandmail.com/servl.../TPStory/Front