PM can thank Liberals for financial picture

Credit for Canada's relatively healthy financial status

Re: Canada’s PM hasn’t done such a bad job (Letters, Feb. 15)

Eileen Nattrass asserts that “Our prime minister has taken care of Canada brilliantly” because “Canada is the only country to survive the mess in the financial world.”

She can thank Jean Chrétien and Paul Martin, who ignored Harper’s pressure to emulate the U.S. arbitrage banks and jump into the speculative market. By the time Harper won a majority, the financial mess was so deep and broad that likely even Harper saw the wisdom of keeping the Liberal banking approach.

Nattrass can thank the same Liberals for Canada not joining the vengeful Iraq campaign, since Chrétien chose not to sign on in the absence of a UN resolution.

So, it seems that Harper’s “brilliance” was to maintain Chrétien and Martin’s careful strategy, for which Harper is trying to claim credit.

As usual, Harper shows his colours as an unprincipled demagogue.

Michael Meagher

Saanich

Just Posted

More Peninsula councillors declare their 2018 intentions

Carl Jensen and Chris Graham, both of Central Saanich, have said they will run again.

Woodwynn Farms to be shut down and sold

The rehabilitation program at Woodwynn Farms is being shut down. According to… Continue reading

Wind warning in effect for Greater Victoria

Strong winds could reach up to 80 km/hr along coastal areas

Heavy snowfall closes Mount Washington for the day

Road to ski resort deemed unsafe, “high avalanche danger”

Whisky society commits to charity donation in wake of whisky raids

Refund of Victoria Whiskey Festival tickets won’t impact charity beneficiaries

Sidney’s Salish Sea aquarium to close for maintenance

First extended closure for the Shaw Centre for the Salish Sea since it opened in 2009

Butchart Gardens is hiring now and paying more

Wages start at $15, job fair Feb. 20

Tom Brady leads Patriots back to Super Bowl, top Jaguars 24-20

New England to face winner of Sunday night’s game between Minnesota and Philadelphia on Feb. 4

Cash still needed for Stelly’s Cross Path

MLA Olsen wants more specifics first

Vessel washed ashore in Campbell River during last night’s storm

A vessel appears to have gotten loose and washed to shore on… Continue reading

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Final phase of MDMA-assisted psychotherapy trials to kick off in B.C.

Doctors hope to get psychedelic-assisted psychotherapy legalized in Canada and the U.S. by 2021

WHL winning streak ends at four in Kelowna for Victoria

Royals lose 8-4 as Rockets explode offensively

Most Read