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So much for that prediction

Stockwell Day issued a “don’t worry, be happy” newsletter to his constituents the past week, declaring the recession to be over.

So much for that prediction, and now you know why other government cabinet ministers distanced themselves from that declaration:

The gross domestic product fell 0.5 per cent in May, a faster rate of decline than in the previous three months..The output of the energy sector dropped a further 2.3 per cent in May as oil-and-gas extraction as well as associated support activities posted significant declines…The manufacturing sector continued to fall in May, down 1.6 per cent, with about half the decrease due to a 21 per cent drop in […]

Gritgirl strikes again: “Different Tory, same old story”

A well-timed new video release from Gritgirl with Brian Mulroney back in the news:

This video is well done showing the similarities of Harper vs Mulroney vis-a-vis the economy and how they’ve handled the recessions in each of their time frame as Prime Minister (or mishandled it/dismissed it, as it were). The only quibble I’d have with her description of this video is that I don’t consider the modern day incarnation of the current Conservative Party to be at all compatible with the nickname “Tory” to describe any of Harper and his bunch. That nickname died when MacKay sold out the Progressive Conservatives to the Alliance.

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“Harper and Cons making it up as they go along”

I don’t normally post too many blogposts back to back in such a short turnaround time, but this was too good to pass up. “Gritgirl” posts another Youtube video, striking again at the Conservative Government and Harper making things up on the economy as they go along.

Gritgirl’s Youtube videos that started getting posted last week are getting noticed in the mainstream media, with some paranoid Conservatives claiming that “Gritgirl” is a front for Warren Kinsella. I don’t know if that’s the case or not, but its interesting how paranoid they seem about Warren, and how these videos must be hitting the mark, if they’re lashing out at them.

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Clueless Conservatives

A well-done video showing how clueless Harper and the Conservatives have been in handling the recession (or a “cyclical downturn”, as Harper, the self-declared economist calls it). […]

Inaction on stimulus not an option…

…when you see numbers like these:

Canadians lost 71,000 jobs in November – almost triple expectations – and the unemployment rate crept up to 6.3 per cent, as Ontario employers felt the harsh impact of the U.S. recession.That’s the biggest month of job losses since the recessionary period of 1982, and puts the unemployment rate at its highest point since November, 2006.

…and when more of that may be coming, because of the spillover effect from the US.. specifically, the newest report that has come out saying that Over half a million jobs were lost in November in the U.S.:

U.S. employers axed payrolls by 533,000 jobs in November, the […]

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