Finance Minister Jim Flaherty fell in line with private economists Friday and cut his outlook for economic growth this year.
Mr. Flaherty used his department's monthly fiscal update to announce that the federal government has revised its working estimate for growth to 1.1 per cent from the 1.7 per cent forecast in the February budget.
In the actual free market, a drop of that scale in projections would be a flaming disaster. Flaherty has played at cutting taxes, thus diminishing revenues all as the American and global economies turned sour. Difficult to practice foresight with one's head tucked up the nether tube. That's the trouble with blinkered ideologues like Flaherty. All evidence to the contrary they will do what will not work because they are believers. Faith has never been kind to the foolish. Canada is now likely to record a budgetary deficit for the first time in over ten years. Any self respecting CEO would have tossed the ambulance chasing fool out onto the sidewalk and beaten him with a stapler for screwing the simple shit up, spend less than you bring in.
Mike Harris failed Ontario, a failure in which Jim Flaherty was instrumental. He proved to be a shifty, miniature suckweasel during that ugly reign and now Flaherty has moved onward and upward to suck and to fail on the big stage. Flaherty was among the furthest right of Harris's gang of used car salesmen. He seems right at home among Harper's pack of Canada hating miscreants. Flaherty was behind the scheme to give tax credits to Ontario parents for sending their little Bobbies and Betties to private and religious schools. He was only too happy to undermine his own provincial government's education policies and give the shank to then Ontario Minister of Education Janet Ecker.
Flaherty is a theocon loon. Among his past clever plans, making homelessness illegal. As Harris's financial wizard, he wanted to privatize the LCBO, one of the province's success stories. Not only are alcohol products highly profitable, the provincial monopoly helps fill the coffers and allows for better enforcement of sales restrictions at the retail level. He couldn't be a true Con if he weren't trying to fix the unbroken. Flaherty is also in bed (so to speak) with the fetus fetishists and is a vocal supporter of anti-choice. As a socon fundie bastard, Flaherty is not a friend of sex but that didn't stop him from boning income trust investors. How is it that a guy this wrong, this often is in one of the most important portfolios in government? It really is okay to be an utterly helpless fuckwit if you're a Con.