What a Monday morning: it's full of good news all around. Scotiabank is predicting a recession for our economy and so is UBS. This, of course, should come as a surprise to none considering what's happend to the US and Europe.
But all of last week, we heard Harper say everything's ok. I hate to quote Jack Layton, but I'm afraid he was bang on when he said to Harper, "Either you don’t care or you’re incompetent, which is it?"
Of course the economy in Canada is better regulated than the US so we won't implode like they will, but I beg to differ Mr. Harper -- everything is not ok.
The saddening part of all this is Harper's approach. Of course government can't fix the economy, but government and business are always and will forever be linked. The role of government in these situations is to alleviate shocks that will be felt mostly by middle income taxpayers. To do that there are things like EI and other employment programs from the worker level, but there also needs to be some kind of assistance on the corporate level. Harper doesn't show this kind of understanding, and this is why he's shown to be unfit to help the economy. Regardless of what whichever stripe of government does, we're in a downturn, but choosing Conservative is seems will make average Canadians a little more blue (unzing?).
Anyway, enough with the partisan jabbing.. you can find some interesting reading and podcasts vis a vis the current economic climate here sent to me by an unnamed source (see i'm pretending to be Jane Taber with all these unnamed sources...)