"We know there is considerable uncertainty in the world economy, in the American economy, and we've seen very strong performance from our economy so far," he said Monday.Sounds like they're pretty freakin' nervous about the economic cushioning that they just jettisoned. The sensible approach might have been this:
"So obviously, our wish for the year is we're able to sustain that momentum and shelter as best we can Canadians from any fallout of global economic problems."
Harper's comments marked another year-end warning from the Conservative government that the Canadian economy is headed for a year of turbulence, due to tighter financial markets and the fallout from a slowing U.S. economy.
Liberal finance critic John McCallum said the Conservatives should be cutting income taxes instead.But I guess Harpie's going to have to live with the consequences this year, whatever they may be. As his mentor taught him, "In politics, you take risks." We'll see if this is a beau risque or a blown risk.
In an interview from San Francisco, McCallum said he thinks this announcement "is a triumph of political gimmickry over good policy because there's not an economist on the planet who would argue in favour of using $12 billion per year of valuable taxpayers' money to cut the GST."