Questions, but no answersPublished on 4 February 2009 Blog by Senator Tommy Banks (retired)
Mr. Harper is reputed to be an economist. Mr. Flaherty is the Minister of Finance. Does it not strike you as odd that they are the only two people in the country who didn’t know by last September that, due to the sub-prime mortgage-lending fiasco in the U.S., there was a financial and fiscal crisis on the way in that country?
Everybody else in Canada knew it. Like most Canadians, I knew it because every financial columnist in every newspaper and every business commentator on every television network talked about nothing else. But Mr. Harper and Mr. Flaherty apparently didn’t know it; or worse, they knew it and decided to ignore it.
Does it not strike you as even more odd that, given our umbilical trade and economic ties with the U.S., these are the only two people in Canada who didn’t know that Canada would be seriously sideswiped by a U.S.-based economic meltdown? That they contented themselves by saying “The fundamentals of our economy are strong”? That during their September and October 2008 election campaign they, unlike everybody else who was running, had an Alfred E. Newman-like “What, me worry?” attitude about our economic situation? That during that election campaign they were still blithely predicting budget surpluses?
Shouldn’t we have people running the country who actually know how things work?