Under Stephen Harper's reign of terror and incompetency we have seen him dwell on corporate tax cuts, law and order, election laws, free trade but we have not seen any attempt to salvage a floundering economy.
Oh, we have watched in abject disgust as he and his flunkies in the PMO spend hundreds of millions of our tax dollars telling the unemployed, the working class and the middle class how he is working for us.
Now his propaganda team is trying to sell seniors on his economic prowess running advertisements for the upper 5% but nothing for the average senior.
Absolutely no forethought or strategy has been applied to any of his omnibus bills. He would rather spend hundreds of millions of tax dollars fighting the courts rather than taking the time to study, analyze and prepare a bill that would pass legal challenges.
He and his flunkies are spending millions on ads that attack other leaders claiming they lack the experience to run the country yet Stephen Harper has failed Canadians at every level with the exception of the upper 5% and the corporate leaches that are sucking the people dry.
That is not leadership, that is an act of fascism.
Canada is already in a recession, says Bank of America, and the loonie is set to get hammered
Bank of America Merrill Lynch has become the first bank to call for a Canadian recession this year.
Economist Emanuella Enenajor and her team now say that Canada’s economy will shrink by 0.6 per cent in the second quarter, following a 0.6 per cent contraction in the first. The definition of a recession is two consecutive quarters of contraction.
A recession sets up the Bank of Canada for another rate cut this year, said Enenajor, and she expects that the downturn will hammer the Canadian dollar — knocking it down to just under 77 cents U.S. by early 2016, the lowest level in more than a decade.
“The economy has surprised to the downside this year, and appears to have entered a recession in 1H 2015, even after policy easing in January,” she said in a note to clients.
Economists have been making a lot of bearish calls on the Canadian economy recently, following data showing that gross domestic product has shrunk for four-straight months — the first time that has happened since the 2008-09 recession.
READ MORE: http://www.ottawacitizen.com/business/Canada+already+recession+says+Bank+America+loonie+hammered/11182990/story.html
Economist Emanuella Enenajor and her team now say that Canada’s economy will shrink by 0.6 per cent in the second quarter, following a 0.6 per cent contraction in the first. The definition of a recession is two consecutive quarters of contraction.
A recession sets up the Bank of Canada for another rate cut this year, said Enenajor, and she expects that the downturn will hammer the Canadian dollar — knocking it down to just under 77 cents U.S. by early 2016, the lowest level in more than a decade.
“The economy has surprised to the downside this year, and appears to have entered a recession in 1H 2015, even after policy easing in January,” she said in a note to clients.
Economists have been making a lot of bearish calls on the Canadian economy recently, following data showing that gross domestic product has shrunk for four-straight months — the first time that has happened since the 2008-09 recession.
READ MORE: http://www.ottawacitizen.com/business/Canada+already+recession+says+Bank+America+loonie+hammered/11182990/story.html
THANKS FOR NINE YEARS OF NOTHING STEVE
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