Thursday, March 04, 2010

The Budget

Well, here it is.

It's certainly a budget crafted by a government that does not want to risk losing power. In its spending patterns and rosy predictions of growth taking care of the deficit, it reminds me so much of Michael Wilson's budgets in the Mulroney years. The budget was always going to be balanced in five years, but the five-year clock re-started every year.
Nothing to deal with the huge growth in bureaucracy in the past decade.
No real help to Ontario's manufacturing, to forestry or to other sectors in trouble. I guess in Harper's world we can all push paper and computer keyboards and the Chinese will keep lending us money to buy their stuff.
I suspect we will very much regret the opportunity that is lost here. We were still relatively financially healthy, compared to most G-20 countries. Harper is governing like Mulroney, buying off the regions and loading us and our kids with debt. Next, of course, will come higher interest rates and even more decline in the living standards of Canada's working families.


JA Goneaux said...

Well, pretty much the only thing that could help Ontario's manufacturing would be a much lower Canadian dollar, or huge tariffs on Chinese-made goods.

Pardon me if I don't believe either will be coming soon...

Oh, and welcome back!

Ottawa Watch said...

Ontario needs cheaper Hydro rates, too, but that's McGuinty's problem.