Friday, August 07, 2009

Flaherty Tries To Calm "Euphoric" Day

On the heels of worse than expected job losses (do these predictors ever get it right?), Flaherty is trying to dampen this end of recession talk:
Canadian Finance Minister Jim Flaherty said on Friday he was trying to tamp down "euphoria" over the economy's imminent recovery, saying there was still a long way to go to climb out of recession.

"It's going to be a difficult year. I've been saying that, I try to calm the euphoria about ‘we're out of a recession'," Mr.Flaherty told CTV television in an interview.

Did Flaherty call Stockwell "I'm not kidding. The recession is over" Day, tweet him or via email?

In all seriousness, for once Flaherty seems to be hitting the right note, unlike his colleague. Today's figures confirm the government is wise to lower expectations, rather than looking out of touch when the optimism doesn't manifest.

2 comments:

ottlib said...

"In all seriousness, for once Flaherty seems to be hitting the right note, unlike his colleague."

Not that he had a choice. It would have been very difficult for him to claim otherwise.

Yet again this government has made headlines by making false statements on the economy only to have the facts come back to bite them just days after those statements.

I think even our disengaged electorate may begin to notice this trend.

Anonymous said...

I think Antonio summed it up best with the picture over at his blog

http://fuddle-duddle.blogspot.com/2009/07/we-all-knew-this-was-coming.html