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Harper philosophy collides with economic reality

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    Harper philosophy collides with economic reality

    Harper philosophy collides with economic reality

    BRIAN LAGHI

    From Monday's Globe and Mail

    March 1, 2009 at 9:18 PM EST

    OTTAWA — The Harper Conservatives aren't accustomed to losing elections in Western Canada. But that's just what happened three months ago when Prairie farmers rejected one of the bedrock principles that helped build the conservative movement more than 20 years ago.

    Farmers sent a sobering message to Tories who want to end the Canadian Wheat Board's monopoly on selling Canadian grain. Four of the five seats up for grabs on the 15-member board stayed with pro-monopoly candidates despite a vigorous effort by Tory backbench MPs. Tories speculate that farmers feared the elimination of the monopoly would harm their livelihood.

    “Oh yeah for sure,” said Saskatchewan farmer Sam Magnus, a former Reform Party member and one of the losing candidates. “Farmers believe that government guarantees would protect them no matter how low the price of grain fell.”

    The election is one of the starkest examples of how Stephen Harper's brand of laissez-faire conservatism is being swept aside by Canadians' increasing demands for protection from the faltering economy.

    After years of pushing for smaller government and market deregulation, Mr. Harper now presides over one of the most rapid government expansions in modern Canadian history. The Conservatives have extended welfare-state entitlements such as Employment Insurance, are spending money on training and funnelling cash into the auto sector.

    “New questions are emerging of what is the role of the state,” said Joe Garcea, a political studies professor at the University of Saskatchewan. “We're basically at stage one.”

    Prof. Garcea said farmers who may want to leave the security of the Wheat Board and sell their grain on their own may not be so enthusiastic in such risky times.

    “I think the arguments of those who feel the Wheat Board provides the kind of collective clout to be provide greater stability are going to find it easier to make their argument now than they did a few years ago,” he said.

    A number of Tory MPs, including David Anderson, the parliamentary secretary for agriculture, used their considerable influence to persuade farmers to elect candidates sympathetic to their cause. Mr. Anderson and others wrote directly to farmers asking them to end the monopoly.

    But as the campaign wore on – and the economy got worse – Wheat Board supporters such as the National Farmers Union pointed out that getting rid of the monopoly would mean the end of guaranteed returns for farmers.

    “The Canadian Wheat Board was designed to minimize risk in exactly these kinds of circumstances,” said a flyer mailed out by the union before the vote. “Because it has government-guaranteed payments and borrowings, farmers can count on getting paid by the CWB.”

    University of Waterloo political scientist Peter Woolstencroft said the Tories will have a problem marrying their laissez-faire philosophy with the alarm Canadians currently feel.

    “The Conservatives have a big problem, it seems to me,” said Prof. Woolstencroft, a long-time chronicler of the party. “They know that people are damn worried, and they're not going to be happy with ‘Let's let things work themselves out.'”

    He warned however, that, if the Tories intervene too much, they could lose what makes them different from the Liberals.

    “The differentiation, as I see it now is ‘We will do a better job of handling the very difficult challenges that lie ahead. We're better at running things, we're better at balancing things. But we don't have an agenda, or any restructuring of Canada in mind other than surviving.'”

    Tories themselves acknowledge they have included items in their recent budget that might not have been there before the economic crisis hit. The government has set aside cash, for example, to train aboriginals to cope with expected cuts in the oil patch.

    “What seemed obvious to us in October of last year has been thrown out the window three times since,” said Indian Affairs Minister Chuck Strahl. “What we're doing on many fronts is responding to that reality. We're all in a different world, and not just Conservatives, either.”

    How do Conservatives respond?

    Former human resources minister Monte Solberg said there are ways the Tories can maintain their Conservative underpinnings while still spending money.

    He said the Tories should point out the country's successes in avoiding the worst of the financial meltdown thanks to Canada's prudent banking system and insistence on higher lending standards for homeowners.

    “But going forward, the big issues are ensuring that deficits don't become structural, that we aggressively pursue free trade, and that we prepare to come out of the recession in the best possible shape by building key infrastructure, continuing to lower taxes and tackling non tariff barriers.”

    #2
    Mark my words: the deficits that governments are incurring around the world will become structural. The economy will not recover quickly enough to boost tax revenues sufficiently to get us back into the black for many years. Government budgets will be engulfed by debt service charges, as sure as night follows day. The end result will be an inflation that will make the 1970's look like a picnic.

    Comment


      #3
      "[Conservatives]... were the foremost promoters of the deregulation trend that stoked this crash."

      What utter nonsense. It never ceases to amaze me how every liberal journalist can trot out this statement without ever offering an example of something that was "deregulated", thus crashing the financial markets.

      Dubya was a social conservative to be sure, but otherwise was a big-spending liberal who was no different from Obama or Barney Frank. The mistake conservatives made was in not speaking out against his fiscal policies when they were so obviously ruinous.

      The financial crash was not caused by deregulation, but by the inevitable bursting of a credit bubble created by government agencies like the Federal Reserve and promoted by quasi-governmental agencies like Freddie Mac and Fannie Mae. No deregulation here, folks.

      If anyone seriously believes that we can literally spend our way out of this recession/depression then I have a unicorn to sell you.

      Comment


        #4
        Here's something else for liberal journalists to consider: Federal government spending in the United States fell from $98.7 billion in 1945 to $33.8 billion in 1948. That's almost a two-thirds reduction in "stimulus", yet the economy boomed. If government spending is so wonderful, how is it that this massive reduction in spending didn't cause a collapse of the postwar economy?

        For what it's worth, Keynesian economists uniformly predicted a depression if wartime spending was cut. Never happened.

        Comment


          #5
          Liberty,

          Land in the early 70's...compaired to now 20X less.

          Did the world economy colapse? NO.

          It has happened before... it will again... the 1980's and financial instability were a part of this.

          Conservatives worked through these problems... by 2005 what they did in the context of history... was what was required of them by Canadians.

          The sky is NOT falling... no one is telling you what to do with your land.

          Manage your assets... you know what to do.

          Comment


            #6
            Tom you and Bill duke should start up an investment house.

            Remember what stopped the ragin inflation of the late 70's?

            20% interest rates?

            Use your imagination on if we have that in the future.

            Can you see the error of government deficits now?

            Comment


              #7
              For all his talk, about getting out of Iraq, Obama is increasing military budgets by 4%. We can only imagine what our military bill will be. In other words there is spending and there is spending!

              Comment


                #8
                One of the consequences of inflation will eventually be the imposition of very high interest rates. That will finally break the boom, just as they did in the early 1980's.

                My point is that if you find yourself in a hole, the first thing to do is stop digging. Stephen Harper appears to have hired a backhoe.

                The pain will be a lot less if we stop the spending and "stimulus" right now and just let the credit bubble deflate on its own. The government should know that it cannot legislate value into assets which have no value. Politicians would do us all a big favor if they stopped trying to pretend that this is possible.

                Comment


                  #9
                  liberal writer...liberal msm spin....

                  just remember....Carter's ill fated democratic reign brought us Reagan!....

                  adscam....millions of our money plundered by sleezy and corrupt liberal insiders brought us conservative minorities, instead of more liberal corruption....

                  the market is voting on the stimulus package, the results do not bode well fro the big "O"...time will tell....but do not count on two terms

                  Comment


                    #10
                    ok...let me get this straight....we are about to be plunged into a federal election we cannot afford...at a time when even the sniff of political instability will affect the value of the Can$....because...

                    the "Conservatives" want to be "Liberal" and spend 3B$ without much in the way of accountibility...and the "Liberals" want to be more "Conservative" with taxpayer money...is this an ironic garden of hypocracy from BOTH sides or what?? vs

                    Comment

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