Today, in the Globe and Mail, Canada’s Finance Minister Jim Flaherty said the deficit for this year will come in around $50B.  We are approximately one tenth the population of the United States, so our deficit would be around 10 times higher if we had a US based population, which translates to about $500B.

Then and now quotes comparing what Prime Minister Stephen Harper and Finance Minister Jim Flaherty said during and after the campaign for the Oct. 14 election about recession and a deficit.

“This country will not go into recession next year and will lead the G7 countries.”
– Prime Minister Stephen Harper (Oct. 10)

“If you don’t want a carbon tax and tax increases and a deficit and recession, the only way to ensure that is the case is to vote for the Conservative party.”
– Prime Minister Stephen Harper (Oct. 12)

“We may well be in a technical recession.”
– Finance Minister Jim Flaherty (Nov. 23)

“The most recent private-sector forecasts suggest the strong possibility of a technical recession at the end of this year and beginning of next.”
– Prime Minister Stephen Harper (Nov. 23)

“I know economists will say well, we could run a small deficit but the problem is that once you cross that line as we see in the United States, nothing stops deficits from getting larger and larger and spiralling out of control.”
– Prime Minister Stephen Harper (Oct. 6)

“We will not run a deficit.”
– Finance Minister Jim Flaherty (Oct. 9)

“If we do short-term deficit spending as a deliberate policy we will have to be able to demonstrate to Canadians that those deficits will genuinely be short term.”
– Prime Minister Stephen Harper (Nov. 15)

“The government of Canada today is not planning a deficit. But if the government of Canada decides . . . that we do have to engage in fiscal stimulus, that government spending is essential not just to shore up economic activity but investment markets, that would be the occasion we would go into what would be called a cyclic or a short-term deficit.”
– Prime Minister Stephen Harper (Nov. 23)

You’d think reporters would challenge them on their credibility and bring up these past statements.   I think our mainstream media would absolutely get a bailout if required.  Why?  Who else would so sychophantically shill for the State?   Why does the media keep running back to these failures for statements when there clearly is no credibility?

People think media is apart from the State, when they are actually extensions of it.