Q During the last election campaign, you said that Canada could avoid recession, there would be no deficit. Today, the economic situation has deteriorated still fast enough to the point where your opponents accuse you of having hidden the truth to Canadians.
R You should first look at the private-sector forecasts. Last October, national and international organizations were not predicting a recession in Canada.
Nobody was predicting a recession last October, private-sector forecasts support the government's view. Is that so?
Monday October 6th, we have the following, from some of our leading "forecasters", under the title "Canada Heading For Recession":
Canada is headed into a worse recession than anyone expected, one that could last until almost 2010, said the country's top economists on Monday.
I think we're looking at a much more serious downturn than a mild recession that most of us are talking about," said Doug Porter, with BMO Capital Markets, at a meeting of senior economists in Toronto...
TD Bank's Don Drummond said he sees the economy shrinking until late 2009 and then only gradually recovering.
"[We're] forecasting Canadian and U.S. recessions, plus 100 basis points of [Bank of Canada] and Fed cuts that could come at any time. This is not just made-in-U.S.A. weakness as Canada faces its own home-grown recession signals," Scotiabank economists Derek Holt and Karen Cordes
Okay, I "looked at the private forecasts", as Harper suggested. I've concluded, you're FULL OF SHIT Prime Minister.