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|    Message 88,793 of 90,757    |
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|    Economists are trying to warn Harper aga    |
|    16 Oct 14 16:19:21    |
      XPost: can.politics, ab.politics, bc.politics       From: Panca@nyet.ca              He's always ignored them. When they told him not to drop the GST rate, that it       could do real damage to the surplus that was left by the Liberal government,       Harper ignored them.       When they predicted slack economic growth, his finance minister predicted       robust growth and rising interest rates to combat inflation. Inflation didn't       happen; the robust growth didn't happen; and interests rates stayed the same as       they've been since the recession - even dropping recently.              And here they are again, telling Harper that wild-ass spending [doubling of       'Childrens' Fitness Tax Credit] and introducing Income Tax Splitting [which       would benefit only those who make $100,000 or more annually] would do damage to       our economy.              Will he listen to them this time? Sure as hell doesn't look like it . . . .       ____________________________________              — CP — Oct 15 2014              Tax cuts? Ottawa must first consider falling oil prices, economists say                     Economists are warning that Ottawa will have to weigh the potential risks of       plummeting oil prices before it starts doling out large tax cuts.              The federal finance minister has promised the government would live up to its       tax-cutting pledges despite a sharp fall in oil prices — thanks to a       projected       surplus in next year’s budget.              But some economists say Joe Oliver will be forced to pay close attention to the       slide since it could well affect Canada’s bottom line.              A former senior Finance Department bureaucrat says the country’s bank account       is very sensitive to the fate of oil prices.              Scott Clark says amid this uncertainty Oliver has been “almost unbelievably       optimistic” about the federal surplus and seems to be downplaying the impact       of       the oil prices.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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