A Liberal government in Ottawa would only return Canada to the "old ways" of higher taxes that stifle economic prosperity and global competitiveness, regardless of who becomes the party's next leader, federal Finance Minister Jim Flaherty said Tuesday.
In a highly partisan speech foreshadowing the Conservative government's attack in the next federal election, Flaherty warned how the Liberals would take Canada's "historically low unemployment, our low rate of core inflation, and higher corporate profits," for granted if re-elected.
A larger, more meddlesome, higher-spending and higher-taxing federal government awaits Canadians if they return the Liberals to power, Flaherty said, adding it was his government's expectation that the election will be held in 2009.
"None of us in the government are naive about the rollback to earlier times that the parties of the left will propose and prefer," he said.
"The minute we let our guard down and allow the old ways to return, we will be setting the stage for an economic storm that is neither sustainable nor affordable."
The Conservative have been in power for 9 months, and Flaherty has the nerve to take credit for our prosperity. In truth, Flaherty should be thanking the Liberals for inheriting such a massive surplus and overall good economy. Flaherty might want to brush up on his recent economic numbers the past 13 years, on both growth and productivity. Flaherty might also have forgotten about the personal income tax cuts that the leftist communists gave us all, only to be taken away by the GST gimmick.
It is simply outstanding that Flaherty can warn Canadians about the economic ramifications of a Liberal return. As a recall, no matter how much disgust there was with the Liberal Party, they always scored high on fiscal and economic matters. What the hell does Flaherty mean by "earlier times", is he trying to summon the ghost of Trudeau?
The greatest legacy of the past Liberal government was their ability to change the conventional wisdom that Conservatives were strong on the economy, while Liberals were weak. No longer can people like Flaherty make such wild claims, that lack any context. I can't believe that a government who has made NO mark on the economy to date, has the audacity to fearmonger about the past government, while they still enjoy the prosperity. Apparently, arrogance knows no bounds and reality is an afterthought. Yes Jim, all Canadians are gravely concerned about returning the Liberals to power. I for one am sick to death of leading the G8 year after year, operating as the envy of the world. Enough.