Wednesday, October 8, 2008

The Liberal Leader Dion's Economic 40 Billion Dollar Hole

Dion's economic plan seems to have a 40 Billion dollar hole. From what I've seen on CBC the numbers are 53 billion in spending (FACT) and 40 billion in green house gas taxes (NOT FACT). In other words corporations can cut their emissions by 50% or more and turn 40 billion in to 20 or 0 billion. We are in an economic down turn and I also question the wisdom of adding new corporate taxes during this period instead of during a period of prosperity. Higher taxes during high profits and low taxes during periods of economic downturn to help them keep employees or ad employees and also stay in business. Flexible taxes for the different seasons or cycles of the economy.

This economic plan sounds great and it’s easy to sell “we are going to tax pollution and cut your taxes by $2000.00”. It’s not an economic plan but a political one.

Some politicians are now saying they saw this economic down turn coming while others are saying they did not.

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