The Economist endorses a Harper minority

Just published by the Economist,

And yet, in a sinking world, Canada is something of a cork. Its well-regulated banks are solid. Growth has slowed but not stopped. The big worry is the fear that an American recession will drag Canada down with it.

Mr Harper says, rightly enough, that his government has taken prudent measures to help Canada weather a storm it cannot duck: he has offered tax cuts and selective aid to help vulnerable manufacturing towns. But it is his seeming non-reaction to what is so far a non-crisis that looks likely to deny him the majority he was seeking, and could even let in the opposition. In what is the first credit-crunch election in a big Western country, Mr Harper’s ejection would set a dispiriting precedent that panic plays better politically than prudence.

Comments

comments

  • RagingRanter

    The Economist opinion won't be the lead news on CTV or CBC, we know that much. Nor will the report that we have the most solid banking system in the world. However, if 80 left-leaning economists sign an open letter encouraging deficit spending, or 120 economists (no doubt including the same 80 that signed the other letter) sign an open letter calling for a carbon tax, you can bet that will receive ample attention.

  • southernontarioan

    The Kitchener/Waterloo newspaper The Record also endorsed Harper. They state that it is only the 3rd time in 40 years that they have not endorsed the Liberals.

  • http://www.wernerpatels.com Werner Patels

    Wait, does this mean that Jason Cherniak will now cancel his subscription to The Economist the way he dropped the Globe and Mail over “anti-Liberal” bias? Silly me, Liberals don't subscribe to The Economist — too much sophisticated language, multisyllabic words and complex syntax. Nothing a Liberal could ever handle. Only Harper and yours truly read The Economist from cover to cover (literally!) every week.

  • http://vollman.blogspot.com Robert V

    It’s amazing how US economics, over which one has no control, plays the largest factor in a prime minister’s electoral fortunes.

    Until now, I had no idea that attacking the policies of a neighbouring country was the key to an opposition party’s electoral success.

  • Jonathan Wells

    Give Ms. Atwood a subscription, ASAP.

  • Bob in Ottawa

    Actually, Werner, believe it or not, Liberals did read The Economist in the 1990s. Under PM Chrétien the Ministers' Offices subscribed to it. Perhaps it was when the subscriptions ran out that they started going off the rails!

    I understand that Jeffrey Simpson has been The Economist's 'Man on the Spot' in Ottawa for some time now. It will be interesting to to compare his remarks in The Economist with his columns in Globe & Mail over the next few days.

  • Liz J

    Ms Atwood? Who the hell is she in the REAL WORLD?

  • batb

    Margaret Atwood is totally beyond redemption.

  • http://www.wernerpatels.com Werner Patels

    Actually, The Economist has a woman correspondent in Ottawa (and for the rest of Canada). I can’t think of her name right now, but old Jeffrey is not involved with this grand old publication at all.

  • Beer and Popcorn

    I hear the Dion / Layton coalition got a ringing endorsement from 'Special Interest Groups Illustrated' ..

  • LogicallySpeaking

    Of course, the article also says: “To cap it all, conservative ideas of deregulation and unfettered free-market capitalism”.. a little history lesson will tell you that free markets and a lack of regulation is a liberal idea (although obviously not a Liberal idea).

    It further says “Mr Harper promised Canadians some modest measures. Some of these were sensible. Others, such as the cut in the sales tax, were not.” So do you guys agree also that the GST cut was a bad idea, or is this a case of picking and choose what's convenient for you to agree with in someone's article?

    And a note on a comment: “Until now, I had no idea that attacking the policies of a neighbouring country was the key to an opposition party's electoral success.”

    Really? Maybe you should do a bit of research on a fairly recent 45-year period called the Cold War.

  • http://www.stephentaylor.ca stephentaylor

    Article says it endorses a Harper government. That is the relevence.

  • BCVoiceOfReason

    Is the World voting on Kyoto??

    This global economic crisis has been totally blamed on the US sub-prime housing market and the global banks greed and bad practices in underwriting these loans. This seems plausible to explain the US situation, and the US has taken drastic steps to fix the problems caused by this situation.
    For the last 5 years I have been reading that the EU, China, Russia have been replacing the US as the Financial world super power. Why is Europe in such a crisis?
    Perhaps it is not as easy a problem as the sub-prime meltdown has indicated. What has been the over-riding Global topic/crisis for the last 5 years? Ans: Global warming and how to address it.
    Lead by Gore and science, nuclear interest groups there has been a significant shift in how the world does business. Governments have put in arbitrary mechanisms disrupting the free market to change the world economic order… carbon taxes, carbon credits, curtailing successful industries and subsidizing poorly run “idea” and “theoretical” industries.
    Canada has paid lip service to this global hysteria, but under Chretien, Martin and Harper’s leadership have not taken concrete steps to contribute to the theoretical solution. This has left Canada with the best economy / prosperity / employment in the world. Canada is an island of sanity in a world gone mad.
    Now we have the possibility of joining the rest of the world. Like most of the other “responsible green nations” there is no real goal of saving the environment by stopping Global warming. This has been used as cover for various special interest groups: World Socialism (getting the rich nations to better support the poor), breaking the embargo on nuclear power and the self interest of riding to power on the back of the green populist movement.
    Dion does not believe that the green shift will reduce Green house gases and stop global warming. His best argument is that if Canada gets on top of the pyramid scheme we will be able to profit from other countries blindly following into the Green war. He fell upon the Green shift, after years of looking for a gimmick to profit from the Green war a few months ago. Prior to his Green-shift shift he was against a carbon tax.
    What he needed was a way to establish the central planning socialist government with the government providing all services to all people. The failure of communism in the USSR and the shifting of China’s economic model to capitalism as well as the realization that the similar agenda implemented in Canada by Trudeau almost bankrupted Canada has made this agenda political suicide (See the NDP).

  • http://www.nikonthenumbers.com/topics/show/75/9081#comment_9876 Taylor Cutforth

    Yep.

    http://watch.ctv.ca/news/latest/financial-crisi

    Craig Oliver is a perfect example…. too bad CTV didn't post up what Craig Alexander said.

    What he said was complex and in technical terms but it was far from “hoopla”.

  • http://www.stephentaylor.ca Stephen Taylor

    Article says it endorses a Harper government. That is the relevence.

  • BCVoiceOfReason

    Is the World voting on Kyoto??

    This global economic crisis has been totally blamed on the US sub-prime housing market and the global banks greed and bad practices in underwriting these loans. This seems plausible to explain the US situation, and the US has taken drastic steps to fix the problems caused by this situation.
    For the last 5 years I have been reading that the EU, China, Russia have been replacing the US as the Financial world super power. Why is Europe in such a crisis?
    Perhaps it is not as easy a problem as the sub-prime meltdown has indicated. What has been the over-riding Global topic/crisis for the last 5 years? Ans: Global warming and how to address it.
    Lead by Gore and science, nuclear interest groups there has been a significant shift in how the world does business. Governments have put in arbitrary mechanisms disrupting the free market to change the world economic order… carbon taxes, carbon credits, curtailing successful industries and subsidizing poorly run “idea” and “theoretical” industries.
    Canada has paid lip service to this global hysteria, but under Chretien, Martin and Harper’s leadership have not taken concrete steps to contribute to the theoretical solution. This has left Canada with the best economy / prosperity / employment in the world. Canada is an island of sanity in a world gone mad.
    Now we have the possibility of joining the rest of the world. Like most of the other “responsible green nations” there is no real goal of saving the environment by stopping Global warming. This has been used as cover for various special interest groups: World Socialism (getting the rich nations to better support the poor), breaking the embargo on nuclear power and the self interest of riding to power on the back of the green populist movement.
    Dion does not believe that the green shift will reduce Green house gases and stop global warming. His best argument is that if Canada gets on top of the pyramid scheme we will be able to profit from other countries blindly following into the Green war. He fell upon the Green shift, after years of looking for a gimmick to profit from the Green war a few months ago. Prior to his Green-shift shift he was against a carbon tax.
    What he needed was a way to establish the central planning socialist government with the government providing all services to all people. The failure of communism in the USSR and the shifting of China’s economic model to capitalism as well as the realization that the similar agenda implemented in Canada by Trudeau almost bankrupted Canada has made this agenda political suicide (See the NDP).

  • http://www.nikonthenumbers.com/topics/show/75/9081#comment_9876 Taylor Cutforth

    Yep.

    http://watch.ctv.ca/news/latest/financial-crisi

    Craig Oliver is a perfect example…. too bad CTV didn't post up what Craig Alexander said.

    What he said was complex and in technical terms but it was far from “hoopla”.