Finance Minister Jim Flaherty on Sunday repeated his calls for European leaders to deal with an ongoing financial crisis and warned that not doing so could lead to a recession in Canada.Flaherty's suggestion that a recession could creep to Canada is a change from just over a week ago when he said Canada would likely be spared from a recession in the event of a failure of European leaders to stem the ongoing financial crisis.In an interview on CTV's Question Period, Flaherty said that his counterparts and central bankers in Europe are aware of the need to resolve a deepening fiscal crisis, and do it sooner rather than later.
"The avoidance of a recession depends on the ability of the Europeans to take the actions they need to take," Flaherty said.
Imagine the gall that the Harper Tories have! Flaherty was a key player in the Harper government denial of any problems when the financial meltdown took place in 2008. The Tories sat back in blissful ignorance, disregarding warnings from other Canadian parties, and seemingly totally out of touch with the world.
In fact, it was Harper's refusal to acknowledge that things were getting tough that set off the move by the three oppostion parties to turf the minority Tory government out of power and to implement some stimulus to the economy to protect jobs.
And Harper showed how out of touch with reality he was with his infamous remark that with markets sinking, it was perhaps a good time to buy shares!
And then when the Tories belatedly embarked on a stimulus program, they wasted tens of millions on inconsequential projects, and virtually used the taxpayers money to spread funds around ridings with Tory MPs, and waste it on nonsensical items - $50 million come to mind?
And now the asleep-at-the-switch crew have the gall to read the riot act to the European governments!
With this lot in power, Canada is destined to go through tougher times in the next 4 years than it should.
Keystone Cops do not a government make.