Monday, October 05, 2009

Sometimes Canadian politics bugs me

Stephen Harper sang at an arts gala during the weekend and it becomes big news.

Liberal and Conservative bloggers begin examining this event like a witch doctor examining chicken entrails to try to determine whether this will help or hinder this reelection chances. Naturally, for the most part, the conclusions fall along partisan lines.

The media does the same thing. John Ibbotson in the Globe today was absolutely gushing and greatly demonstrated that his bosses should have left him in Washington. Dude, I really hope you wore a condom when you wrote that column.

Meanwhile, this weekend we saw evidence that the world economy is still not out of recession. The rate of descent has decreased for certain but otherwise it is still descending and this is before the stimulus spending governments pumped into the the world economy runs out at the beginning of the new fiscal year, which begins, in most countries, in April. That's only six months away folks. As someone in project management I can tell you that six months is a very short time indeed. Since the bulk of that stimulus was earmarked for this year, when April 2010 rolls around things will begin to change for the worst again and probably rather quickly.

Remember folks the thing that started this whole ride, the sub-prime mortgage collapse and the gigantic toxic debt it left behind is still there. It has been masked by the stimulus spending and the bank bailouts but those were only temporary measures to prevent the collapse of the global financial system and to give the illusion that governments were doing something about the recession. However, once that runs out that debt will rear its ugly head again and smack the global economy onces more.

Do we see anybody giving this issue the attention it deserves on the weekend or today?

Of course not. Instead we hear about Stephen Harper singing the Beatles.

Sad really.

1 Comments:

Blogger Lizt. said...

That is all I hear how wonderfull Harper is, and how the Liberals are failing in Ontario, etc, etc.... and falling in the polls, ...Ignatieff is not a good leader...I am sick of these stupid people.

October 05, 2009 7:55 PM  

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