Thursday, July 15, 2010

Jim Flaherty Replaced?

Rumour has it that there will be another Cabinet shuffle this summer, and the Globe and Mail is speculating that Finance Minister Jim Flaherty is among the likely candidates to lose their jobs. It is possible that Jim would like to step down as Finance Minister, given that it is the most challenging portfolio in cabinet and he is now 60 years old. Personally I think that Mr. Flaherty has been a fantastic Finance Minister and I would like him to stay in his current job assuming he's still willing to shoulder that responsibility. Do you think it is time to replace Jimmy? Our economy has weathered this great recession better than 95% of the countries on Earth, and Jim Flaherty deserves some credit for that.

5 comments:

  1. http://www.fin.gov.on.ca/en/budget/paccts/2001/01_ar.html

    The Year in Review
    With a surplus of $3,325 million for 2000–01, the Province recorded a surplus for the second consecutive year. In November 1995 the government set out the Balanced Budget Plan with steadily declining annual deficit targets, culminating in a balanced budget in 2000–01. The deficit-reduction targets were overachieved each year of the Plan, and the deficit was eliminated in 1999–2000, one year ahead of schedule.

    To help ensure Ontario's fiscal position remains secure, the government introduced and the Legislature passed the Taxpayer Protection Act and the Balanced Budget Act in 1999.

    In the 2000 Ontario Budget the government made a commitment to reduce Net Provincial Debt by at least $5 billion during the current term of office. With a contribution to debt reduction of $1.0 billion in 1999-2000 and $3.1 billion in 2000-01, the government has already met more than 80 per cent of its commitment in the first two years.

    He did good work in Ontario but Liberal media reported he was around for Ernie Eves deficits.

    You are citing the GM as a valid source for gossip?

    I would point to a ouija board or a crystall ball for more factual reporting.

    Some MPs are retiring for health, age reasons I don't think Jim, family is under same conditions.

    SH & JF is like PB & J.

    Great alone but greater together.

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  2. Jim is working on the 2011 Austerity Budget, and enjoying every minute of it, no doubt!

    Same old rumors from 'senior insiders'... who are these seniors? Craig Oliver?
    John Chretien?
    Just a bored media making up boring stuff!

    May. 27 2008
    'Prime Minister Stephen Harper is planning a wide-ranging cabinet shuffle that is expected to see Finance Minister Jim Flaherty switch places with Industry Minister Jim Prentice, senior insiders tell CTV News.

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  3. I see the Libluvin media are trying to clear the deck of negatives for Iffy.

    Travers first out of the gate with the 'rather be a Harvard elitist' negative.
    Iffy himself speaks to 'let's all go international kids', taxpayers pick up the tab.
    (guess Iffy knows nothing about the 14 organizations in Canada that already do that, eh)

    Whew, got those 2 just visiting negatives out there and off the election campaign agenda (see, we Canadians are easily bored with repetition).

    What's next?
    Taxes? Greenshift?

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  4. Flaherty ran the largest budget deficit ever last year $50 billion!!!! HE created the much-hated HST. What is there to like about this guy? The bank regulationbs put in place by the Liberals and the $10 billion dollar SRPLUS budgets are what saved the Canadian economy.

    Flaherty is a disaster. Good riddance.

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  5. Well Anonymous, most of the deficit was in the form of stimulus spending, which was demanded by the Liberals in minority Parliament right after they threatened to ally with the Bloc to collapse the Government. Without that minority Parliament demand, there would be no 50 billion deficit (and by the way, 50 billion was a forecast, the actual number ended up being lower because of our outstanding economic recovery.

    The Feds may have asked for the HST, but the provinces had to option of not adding tax to previously untaxed goods. They declined. And the Liberals produced surpluses by cutting transfers to the Provinces, which has led to larger provincial deficits. The Liberals just shifted responsibility.

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