DerbyX DerbyX:
dino_bobba_renno dino_bobba_renno:
Toro Toro:
Ontario is going into a recession because the US is going into a recession.
Don't get me wrong, I don't think that the slow down is all McGuinty's fault. I'm just saying that if you are faced with an economic resession you should maybe think twice about spending like you did in the years when you were booming. Cut spending so you can cut taxes so you can stimulate growth. It's a fairly straight forward thing.
Dino.
Quite frankly the stories about Ontarios descent into have not status is pure fiction.
Ontario grew almost 500000 jobs in the last few years and its unemployment rate dropped.
Certain industries are suffering yes and I think they are fueling that talk in order to get concessions.
So far Dalton has done a superb job. The conditions that are causing the problems are beyond his control.
Flaherty's BS is designed to undermine a Liberal provincial gov't and to minimize Harpers anti-Ontario stance.
His crap about taxes being the reason buisness won't invest flies in the face of the real reason companies down south are struggling and thats healthcare. They frequently point to our healthcare as more buisness friendly and the plant closures up here are usually support plants for plants that closed in the states due to soaring healthcare costs.
I don't know about that Derb. I have to think there's a little more to it when the mayor of Windsor is proposing to shuttle unemployed auto workers to and from Alberta. While your right that Ontario's economy is still growing it is not growing at any break neck pace. If you look at corporate tax rates (and be sure to include capital taxes) across Canada and the projected growth for each province you'll see a definite trend in favor of those provinces that have lowered their corporate tax rates.
If you look at Ontario’s economic growth since McGuity's Liberals took power you can see a very defined decrease in growth over the past 5 years. Taking into consideration that this "recession" we are facing really didn't take effect until about a year or two ago it doesn't speak well of the economic policies McGuinty has introduced.
I agree that there are many factors that play into the slow down in Ontario but to me it really doesn't seem like McGuinty is reacting to them in an effort to minimize their impact.
I guess we can sit here and say "time will tell" but do we really want to wait until Ontario becomes a "have not" province before Ontario reacts?
As for Flaherty's criticism? I'm just shaking head. What a dumb ass. It's one thing to point something out it's quite another basically launch an attack on a Premier of a province. And he's hardly one to talk after what he left Ontario with. Sometimes I really have to wonder if the Conservatives really want a majority because they sure have a hell of a way of going about it.
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