Liberals inherit deficit that could jeopardize budget goals: report

Jesus Christ you're still going back to 2008? Do you know old and tired that bullshit is? That was 7 years ago.

Yes I am, since that crisis and its subsequent reverberations continue to define our economic situation 7 years onwards. Would you have called the Great Depression "old and tired" in 1937 because it started 7+ years before? Enormous economic crises have long hangover effects, particularly when they trigger subsequent economic crises like the European sovereign debt crisis.

I shouldn't even need to point out the economic indicators that show the continuing hangover from the crisis. Benchmark central bank rates remain near zero, while those same central banks continue unprecedented quantitative easing around the developed world. This is not a recovered global economy.

We're talking about the dismal situation Harper is leaving in 2015. November 2015.

It is a dismal situation driven by contraction in the oil industry, which is driven by the global oil price. Those consequent effects of the oil price drop would have occurred under a PM from any party.

Those last 3 articles you post are precisely in agreement with me: Canada has performed among the worst in the developed world this year because it is the most energy-dependent large developed economy. (Conversely, this was part of the reason we recovered from the crisis well.) That last article you post illuminates a growing problem, but it is a growing problem that is occurring in developed economies around the world; it is not unique to or caused by Harper.

The point I'm making is you seem to have bought into the common - but extremely erroneous - idea that the Prime Minister has significant control of the economy. They do not. They can make changes at the margins, but those changes take many years or decades to cause fundamental economic shifts.

/r/canada Thread Parent Link - theglobeandmail.com