2 Comments

Rick Said,
November 16th, 2008 @9:46 pm  

Vlad, you wrote: “His supporters would probably say it wasn’t Rae’s fault that Ontario was going through tough economic times and that he was unfairly blamed. I think thats a terrible excuse, one that hasn’t worked with voters and never will.”

Perhaps nobody wants to hear “excuses,” but we should certainly be open to explanations. Government control over the economy is quite limited. For the most part, economic activity is driven by profit-hungry corporations with little regard for collective well-being; it’s a kind of economic anarchy with very little collective planning and coordination involved.

Rae and the NDP were elected in Ontario in 1990; as we know, the Conservatives won the next election in 1995. So, did the NDP lose because it mismanaged Ontario’s finances? That was certainly the perception, and that idea was certainly fueled by the media. But could the NDP have stopped the bleeding?

As I see it, there was little that could have been done. Another commentator, Jordan Berger, listed “the many determinants of [the] deficits” as follows: “a high dollar, an almost criminally-damaging Bank of Canada policy of zero inflation, federal transfer cuts and the introduction of the GST, [and] the worst recession since the Great Depression of the 1930s.” These economic and policy facts are relatively indisputable. And surely, such variables — which were entirely beyond the control of the provincial government — hurt the economy and Ontario’s finances.

To repeat, it was “the worst recession since the Great Depression of the 1930s.” Is this something for which we should blame Rae and the NDP?

Ontario recently slipped into “have not” status — by some official definition — and will be receiving equalization payments from the federal government. Should we blame McGuinty and the Liberals for this decline? Politically, I might be inclined to do so. But would that be entirely honest? Absolutely not.

mygif
November 17th, 2008 @12:19 am  

If you don’t think it would be entirely honest, then I recommend not doing it.

To me its fair game because I think there is a “strong enough” relationship between government policies and economic conditions that justifies critique and even rejection at the polls. Granted, its a really complex issue and can be debated eloquently for hours but when it comes to explaining it on the door steps of Canadians, it doesn’t work. Thats why I am always puzzled when I hear Bob Rae use that line of reasoning in the Liberal leadership campaign.

mygif

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