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Should McGuinty get blamed?
Absolutely, it's all his fault.
15%
 15%  [ 3 ]
Some of the blame because his taxes are too high.
45%
 45%  [ 9 ]
Nah, McGuinty is a doing a sweel job!
0%
 0%  [ 0 ]
It's all John Tory's fault for losing to McGuinty!
40%
 40%  [ 8 ]
Total Votes : 20

Author Message
ezbeatz





Joined: 09 Oct 2008
Posts: 1140
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votes: 10
Location: Vaughan, ON

PostPosted: Fri Dec 19, 2008 12:31 pm    Post subject: Ontario's economy going to feel the hurt Reply with quote

http://www.cbc.ca/canada/toron.....onomy.html

Quote:
Ontario's economic prospects worst since early '90s: RBC
Last Updated: Friday, December 19, 2008 | 8:20 AM ET Comments27Recommend13
The Canadian Press

A new forecast from RBC Economics says Ontario's economy is likely to contract by 0.2 per cent this year and a further 1.4 per cent in 2009.

The bank says that contraction would represent the worst economic performance in the province since the recession of the early 1990s.

The report notes that strength in Ontario's economy is diminishing as consumer and business sentiment sours.

"Downside risks will remain significant in the face of uncertainty surrounding the auto industry," said Craig Wright, senior vice-president and chief economist, in a prepared release.

"While we are assuming further declines in motor vehicle production, the outcome of the drama surrounding the Detroit Three automakers is unknown and could have more serious repercussions. Ontario is among the North American jurisdictions with the most at stake in the rescue negotiations."

RBC also says Ontario's job prospects are quickly deteriorating and 2009 could bring a decline in employment for the first time since 1992.

Ontario's jobless rate is forecast to climb to an average of 8.3 per cent next year as retail sales and demand for housing slow even further.

The bank says that by 2010, Ontario should benefit from strengthening U.S. demand as stimulus measures move the U.S. economy into a recovery.


The lefty comments on CBC are funny but in all seriousness, is anyone blaming McGuinty for his high taxes? Thought not. One of the top comments blamed Flaherty for the mess in Ontario in 1992. Of course, Flaherty and the OPC weren't in government, it was Bob Rae's NDP but what do facts matter.
SFrank85





Joined: 03 Mar 2007
Posts: 2269
Reputation: 59.8
votes: 4
Location: Toronto - Scarborough Southwest

PostPosted: Fri Dec 19, 2008 1:00 pm    Post subject: Reply with quote

He should get some blame for sure. Business taxes are too high, and yet he seems steadfast to keep them at 14%. However, this whole mess is not entirely his fault.
FF_Canuck





Joined: 02 Sep 2006
Posts: 3360
Reputation: 73.4
votes: 17
Location: Southern Alberta

PostPosted: Fri Dec 19, 2008 11:23 pm    Post subject: Reply with quote

Definately not entirely his problem. That said, he was warned a long time ago about his policies, by Jim Flaherty himself.
RCO





Joined: 02 Mar 2009
Posts: 6710
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votes: 3
Location: Ontario

PostPosted: Mon Mar 02, 2009 8:58 pm    Post subject: Reply with quote

mcguinty has to be partly responsible for this or at least to blame for the lack of a plan . a plan for how the province is going to get back on track after several years of job loses . and his green plan is an absolute joke .
but he is the premier and if the province is having difficulties then he has to be held responsible for some of them . i just don't buy the whole well its somebody elses fault that is nothing but an excuse .
Rusty Bedsprings





Joined: 06 Dec 2008
Posts: 1629

votes: 5

PostPosted: Mon Mar 02, 2009 10:27 pm    Post subject: Reply with quote

McGuilty is just a premier, the blame can't be all on him.
Craig
Site Admin




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PostPosted: Tue Mar 03, 2009 1:14 am    Post subject: Reply with quote

Harris pulled Ontario out of an equally bad recession with deep income tax cuts and red tape removal. Ontario needs another Mike Harris.
DavidK





Joined: 22 Nov 2008
Posts: 1520
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votes: 5
Location: Ontario

PostPosted: Tue Mar 03, 2009 4:01 am    Post subject: Reply with quote

Craig wrote:
Harris pulled Ontario out of an equally bad recession with deep income tax cuts and red tape removal. Ontario needs another Mike Harris.


Agreed. But all we have is John Tory! ... I wonder if we could get Harris to run again? :P

Doubtful :(
RCO





Joined: 02 Mar 2009
Posts: 6710
Reputation: 239.5
votes: 3
Location: Ontario

PostPosted: Wed Mar 04, 2009 1:47 pm    Post subject: Reply with quote

Craig wrote:
Harris pulled Ontario out of an equally bad recession with deep income tax cuts and red tape removal. Ontario needs another Mike Harris.



ontario definity needs something ,i don't know if another mike harris will come along but i think the provincial party needs to come up with a credible alternative government to the liberals . provincial politics is tough here , for whatever reasons the ontario pc's still seem to be geting more critism then the current liberal government gets . not sure if thats john torys fault or what exactly .
kwlafayette





Joined: 03 Sep 2006
Posts: 6155
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votes: 28
Location: Saskatoon Saskatchewan

PostPosted: Thu Mar 05, 2009 10:13 am    Post subject: Reply with quote

McGuinty and his government were warned by Flaherty about the faltering economy a long time ago. Instead of taking action, they chose to take offense.
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Ontario's economy going to feel the hurt

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