Friday, July 24, 2009

Bah, Stephen Harper was saying the same thing 10 months ago

Again showing how ahead of the curve he is...

The recession is over, the Bank of Canada said in its quarterly Monetary Policy Report released Thursday.

After shrinking since the last quarter of 2008, the Canadian economy will grow by an annualized rate of 1.3 per cent in the current quarter, the bank said.

Bank of Canada governor Mark Carney said Canada is on track for an economic recovery. (CBC)"We are on track for the recovery both in Canada and globally," Bank of Canada governor Mark Carney told reporters.

17 Comments:

  • Harper = Win

    Ignatieff = Fail

    By Anonymous Anonymous, at 9:51 AM  

  • Everyone is happy that the recession is over except Liberals.

    By Blogger Mutton Chops, at 10:06 AM  

  • Re: the above two posts... My god, but political dialogue has become mindless. I really despair...

    By Anonymous Cicero is Dead, at 10:37 AM  

  • Cicero, give them a break. They don't understand the point of the post. How could they? They are Harpermaniacs.

    By Blogger Old School Liberal, at 10:51 AM  

  • Two things to keep in mind:

    -Carney might be wrong

    -Even if he's right, the unemployment numbers won't drop right away, and that's usually the bigger political issue

    By Blogger calgarygrit, at 11:12 AM  

  • Irving Oil did not get the memo from Mark Carney, and have scuttled plans to build a second oil refinery in Saint John, NB.

    Given that the provincial Liberals have built their "self-sufficiency agenda" around an energy hub in Saint John, this could really affect NB politics in the coming months.

    By Blogger Rob, at 11:34 AM  

  • In Ontario, most of the pain of the early 90s recession came after the recession was officially over.

    By Blogger bigcitylib, at 1:54 PM  

  • Flahrety said in January that the economy would start to turn around in the 3rd Q, and it is.

    Maybe he should be believed when he contradicted Page too, saying Page's econo report was too pessimistic, it looks like it was.

    By Blogger wilson, at 2:54 PM  

  • Well said wilson. These folks are too partisan to give credit where credit is due.

    By Blogger Mutton Chops, at 3:32 PM  

  • Mutton chops, the only people that believe the recession is over is Harper Flaherty and his lap dog supporters who can't think or reason for themselves. But go ahead, believe what you like but that dosen't make you and Carney right.

    Marie

    By Anonymous Anonymous, at 3:37 PM  

  • Mutton Chops and Wilson, look who's calling the kettle black. Patisan, ha ha ha, the jokes on you

    By Anonymous Anonymous, at 3:39 PM  

  • I can't stand Harper but let's face it, Iggys blew it. He had a chance to be PM but I can't see him getting another. The more Canadians have seen him in opposition the more Harper doesn't look that bad. Iggy has all the negatives as a rightwing ideologue plus he's that much more out of touch and phony. Liberals really should have taken the time to consider their options and actually vote on their leader. Chucking out democracy when it's inconvenient, often comes back to bite you.

    By Anonymous Anonymous, at 3:43 PM  

  • Iggy was the worst choice we could have made - Rae had way better postives and his negatives (the Ont. NDP period) are far enough away that they have been forgiven.

    By Anonymous Anonymous, at 8:08 PM  

  • Jim Travers writes in Saturday’s Star that the Liberals blew their best chance by not forcing a summer election:

    “In hindsight, that Liberal moment came and went in late June. With key advisers urging their new main man to seize the twin advantages of rising popularity and a sagging economy, Michael Ignatieff looked in the mirror and blinked.”

    Hard to disagree with the economy apparently starting to turn around.

    By Anonymous Drake, at 8:11 AM  

  • Summer '09 was not Ignatieff's best chance. Fall '09 is. In summer '09 the Liberals were not ready, the Tories were. The Tories always jump in the polls at the beginning of election season and their readiness would help them with GOTV. The Liberals would also be blamed for an election 78% of the country didn't want. Ignatieff's lead over Harper was barely beyond the margin of error, and his numbers in much of English Canada were similar to those of Martin in 2006 (a lot the Liberal rise in the polls in Quebec).

    To suggest that this was Iggy's big break is ludicrous. Unemployment will still be rising in the Fall. Growth in the third quarter is slow, and while the fourth quarter looks good, it will be just starting if there is a Fall election. The second Harper crows about a recovery everybody will bash him for being out of touch.

    By Blogger hosertohoosier, at 11:38 AM  

  • If so many could see the recovery starting soon, shouldn't we credit the Liberals with the same foresight? That Ignatieff saw the economy would show signs of strengthening just as he would be in the middle of a campaign nobody wanted, and could punish him for it?

    When the election gets called, Ignatieff can win big (requiring a lot more seats to be in play than appears to be the case currently), or he can win small (bringing the Liberal Party up from its worst defeat in a long time). The former seems unlikely, the latter somewhat pyrrhic.

    Or he can lose even more ground to the Conservatives and the NDP (the latter standing ready to take over control of the Liberal Party if that door is opened).

    I think we are where we are because it was in everyone's best interests to proceed down this path.

    By Blogger paul.obeda@, at 5:44 PM  

  • Yeah, the recession is officially over, but to recover from its consequences will be difficult. Actually, some even claim that the current strenght of Canadian dollar may significantly slow it down. Regards, Lorne.

    By Anonymous toronto insurance broker, at 5:31 PM  

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