Harper's Economic Record Is Sub-Mediocre - 2015-08-21

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F364.png Harper's Economic Record Is Sub-Mediocre August 21, 2015, Ralph Goodale, Huffington Post

On Stephen Harper's watch, Canada has suffered through two recessions. He failed to anticipate either one.

Before the first one (which began in late 2008), Mr. Harper's management was reckless. He ignored warnings about housing bubbles and banking weaknesses in the United States. He overspent by three-times the rate of inflation. He mangled the tax base. He eliminated all previous federal contingency reserves and prudence factors, and put the country back on the verge of a deficit once again -- all BEFORE any downturn actually hit.

Mr. Harper foolishly denied a recession was likely and predicted five consecutive surpluses. He was completely wrong and left the country vulnerable and ill-prepared.

Wikipedia cite:
{{cite news | first = Ralph | last = Goodale | title = Harper's Economic Record Is Sub-Mediocre | url = https://www.huffingtonpost.ca/ralph-goodale/mr-harpers-economic-recor_b_8020980.html | work = Huffington Post | date = August 21, 2015 | accessdate = July 30, 2021 }}