Renegen, I apologize if my labels offended your sensibilities. I could have said left, far left and well, separatist. They are what they are. I'm being sincere in my apology if you're offended but won't back down on my willingness to call them what they are.
This government has greatly increased (or proposed to increase) spending on infrastructure. Google it. So, I'm not sure I understand your second paragraph.
I live in BC so I haven't 'conveniently forgotten' the minutae of what Flaherty did as a provincial finance minister many years ago in Ontario. I simply am not on top of every Province's political scene and contrary to popular belief, the nation of Canada doesn't revolve strictly around Ontario. Either way, do you disagree that it was a good idea to reduce amortization periods?
What big policies is Harper passing through that will hurt the country long term? Nothing wrong with the tax free savings account even if we're not all big shots like you. Besides, you care about what's right for the country not necessarily rich people right? 5k a year may be chump change but it's a step in the right direction towards staving off a negative savings rate. I didn't forget that he killed income trusts and I don't deny that he broke an election promise (shocker) but as I understand it, they were closing a Liberal loophole as more and more corps were jumping on board to avoid paying standard corporate tax rates. I'm not tryng to justify it, I'm just expressing my understanding of it. Oh, they also started killing the gst by a few percent which isn't awful.
Sooo, they bought 50 billion worth of good mortgages (we don't have subprime here) from the banks which are INSURED by CMHC in order to free up the banks capital requirements. Also, they'll be earning about 5 percent on these. At least that's my understanding. This will enable the banks to lend more and ideally loosen up the credit system. Is that a bad idea or would you rather them print money and give it away?
I couldn't really understand your point about the auto sector but it doesn't really address my point about waiting to see how the US handles the bail-outs/loans. If GM no longer exists then GM Canada probably no longer exists.
Best Regards,
Warren