Shortly after declaring that the Canadian banking system is sound, the Cons interim government bought up $25 billion in marginal mortgages from the Canadian banks.
Can you say bail-out?
Now, after our tiny perfect Finance Minster Flaherty ran around the country parroting King Steve that the economy is strong, comes news that Flaherty wants to move more quickly with billions of dollars in infrastructure programs. “
We need to get those projects expedited because they will have a beneficial effect in the economy,” Mr. Flaherty said in an interview in Washington.
Can you say panic?
And just in case you have forgotten, the feds only contribute one-third of the amount needed for infrastructure projects, except for that bridge in Montreal that they are ponying up the full $1 billion. That means that to coincide with their panic, they need the provinces and the municipalities to come up with matching amounts.
Can you say tax increase?
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