If Stephen Harper can make it work in January, all the power to him. I am not one to believe that he is totally useless, but it would be nice if he could reach out a little. The last week has sure shown a side of him that was hidden for a long time.
What about the time lost, which no-one seems to be talking about, because Parliament is unable to act now on the economy? It could have massive effects. This may be the difference between Canada being in a real recession and not.
What's really happening here? We have a large number of very rich people claiming that the system will no longer function unless the government underwrites the risks they have taken.
The parallels to the previous scandal of savings and loans in the late eighties and early nineties is interesting to me. There are many differences, clearly, but some things seem eerily similar. The difference here is that the debt is not already backed by the government as it was with the S&Ls. Who is really profiting from the money disappearing? Someone is.
Time to get political.
We as a country are falling behind. Our model for government is not changing as conditions require. Instead, policies are set by looking at economic measures originating in the thirties. The creator of this measure himself warned against using it for any policy setting as was written about in a Harper's article. The measure is Gross Domestic Product or GDP. Unfortunately, this has—stupidly and blindly—guided our government, no matter who's in power, for far too many years.