It seems to me I've Heard that Song Before
It's from an old familiar score
I know it well, that melody...
Escalating job losses: 55,000 last month alone, the largest monthly drop in 17 years. The manufacturing and forestry sectors continue to lose jobs.
Rising Inflation: The Bank of Canada is predicting 4% next year. That’s 1% above the acceptable limit.
A slowing economy: Economic growth shrunk in the first quarter and economists are continuing to downgrade predictions. Do the last 2 combinations lead to Rising interest rates? Could be.
A looming federal deficit, after inheriting the strong fiscal legacy of the past Liberal government: ten deficit free budgets, massive surpluses, investments in economic and social development, research and innovation, a contingency fund and yearly debt repayment.
The Harper government squandered it all in 3 years.
Do you remember? Do you recall the Mulroney legacy ?
As the song said, "I know it well that melody".
Except, no one wants to play it again.
- Hedy
