Wednesday, February 28, 2018

Fairness, Fairness, Fairness - Maybe if you Say it Often Enough, the Masses Will Believe You; Yet No Notion of "Balanced Books"

Yesterday as The Justin was having his SECOND "me" day after his India debaucle in avoiding an obvious lion's den episode of question period, the budget was released.  Spoiler alert - still no clarity on when our out of control deficits will start to approach a declining trend, or even a plateau.

While claiming "growth is there", in reality, maybe gowth was there for the month of December and/or 4Q2017, but all forecasts are looking towards weaker growth not just for Canada but the world.  This is even more clear as the Liberals participate in their passive-aggressive strategy on pipelines: approving select pipelines yet dragging their feet on actual enforcement and implementation of these economic steroids as well as clearing the legal air as it relates to the BC-Alberta trade spat.

Oh, and as of today, Morneau blames the previous Conservatives for the govenment employees"\' Phoenix payment program, even though the Liberals have been in power for over two years.  It's a payment system - all over the world small, large, public, private, government entitities are issuing cheques! How hard can this be?

http://business.financialpost.com/opinion/morneau-delivers-a-budget-in-deep-denial-about-the-dangerous-territory-were-in

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