Quote:
Originally Posted by Slava
Oh I get it. The CPC had to deal with a recession, therefore they don't have to worry about balancing the budget or making prudent economic decisions. Let's not forget that the Liberals also faced a recession in power. Canada came out stronger, with a balanced budget and paying down debt. Surely a good fiscal conservative can acknowledge that was a better situation than where we find ourselves today, nearly 6 full years after the recession.
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You seem to forget the pressure that the NDP and Liberals put on the minority government in 2008 to spend, spend, spend. Like our neighbours to the south that obviously did the right thing by spending trillions to try to pry them out of the recession.
What seems to be lost on many, including the person who wrote the letter to the editor is that our economy is so very dependent on the U.S. and as such when they boom we boom, when they go down we go down. This was a hard recession that hit the world, most governments spent their way out of it, ours did a middle of the road approach, some spending, but also cutting the size of government etc. Everyone felt a bit of it, but now you have some countries saddled with huge debts that will never be paid off, our debt is very manageable and we came through with a strong economy that is ready to take full advantage once the States gets their act together. Many countries passed us in those rankings he speaks of because they spent their way through the recession, our rank will come back in the coming years as the books get balanced, we pay down some debt and then get to spend more and more on those areas. Meanwhile those countries will have to pay for all that spending through most likely higher taxes which will make their products less attractive on the world markets.
But in the meantime the government has been trying to get new free trade deals done with Asia and Europe. These deals will have a very positive impact on our manufacturing business out east that is still reeling from the recession. It will open up markets for our grain, farm machinery, technology and more, all of which will grow our economy and allow us to spend much more on innovation, technology, education at all levels etc. All these deals that the conservative government have done and are working on will help our economy in the long term unleash from the U.S. Then next time they enter a recession it will not hurt as much but when the good times roll we will have many countries buying our goods.