A nice neat listing of the financial downsides of the torynomics of Ottawa and how what we are watching is a continuation of the botch that Ontario was left with after the same crew were asked to leave here. A lengthy quote is worth the effort...because it takes so much effort to cut and paste a larger quotation:
His tendency not to think twice about doing the unthinkable has followed Flaherty to Ottawa, where he is still reviled by thousands of Canadians who lost money in his surprise 2006 move to dismantle the highly popular income trusts. What particularly angered investors was the fact that the decision betrayed Harper's explicit election campaign promise that, unlike the Liberals, the Conservatives would not tinker with income trusts.I suppose when you add the 5.6 billion deficit formed by conservatives during the best of times in Ontario, you do get a sense of why they are liked so little by those who have so much experience of them, the tax payers who have had to pay afterwards to clean up their mistakes. No-tax-but-big-spenders: the failed theory of the 80s.Flaherty also ran into trouble in his 2007 budget, which featured measures to close an offshore investment tax loophole, sparking a revolt from the normally Conservative-friendly business community.
He has been roundly criticized for opting for a second cut in the GST in his 2007 mini-budget. At $6 billion a year in lost revenue, the GST reduction severely restricted Ottawa's options while doing little to promote badly needed business investment and economic productivity, economists say.
In his most recent budget, Flaherty raised eyebrows by announcing the re-establishment of a rail link between Peterborough and Toronto, a line that runs through his riding. It was such a last-minute move that there was no backup information available at the time from the finance department on cost, timing or feasibility of the project.
As for the problems of Canada's cities, Flaherty famously told mayors seeking more help from Ottawa that the federal government is "not in the pothole business."
Note the rash tendencies and lack of background work. We don't need no stinking research, of course, because we have ideals! Have you ever noticed how ideals are like ideas but with something missing? Funny how a commuter train just one year ago was seen as a a farce to senior Ottawa Tories. Now it's the thing worth tipping the nation back into debt - because that is where this is leading. Increased national debt through idealistic fiscal mismanagement.

Comments
David Janes - March 10, 2008 8:59 am
Typical TorStar crap, innit? He's criticized by some for breaking promises, and he's criticized by others for not breaking them.
100% with you on the train business. Ultimately, it's this type of crap that's going to put an end to their government. Somehow Harper's government has come to the conclusion that there's little to government besides incremental vote buying (and quite frankly, they're doing a piss poor job at that).
sean liddle - March 10, 2008 9:49 am
Someone around here should be in the pothole business and if its the feds taht need to set minimum infrastructure standards taht have to be met before a municipality were to receive funding for frivilous other ventures, I'd vote for them.
Im with David with the incremental vote buying though. They've ticked off so many groups, including a few that are traditional Stoic Tory Supporters (note the AA Milne capitalizationfor effect!) that all they are left with are the old school "pander to the ridings" style of trains, planes and automobiles types of promises.