Quote:
Originally Posted by jasonturbo
The global market is what determines whether or not we are in a recession, not the federal Gov.
If anything, running a deficit should help us avoid a recession, which is exactly what the cons did when they started hemorrhaging money in 2007. If they hadn't have pissed oodles of money into the economy, life would have been a lot different over the last 8 years. (Not in a good way, more like a 10%+ unemployment way and an economic depression)
Domestically there is only so much influence we have on our economy, it's the rest of the world that calls the shots.
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In addition to what you mentioned above, I would also credit the Cons and the Libs (prior to 2006) for building / ensuring we had a strong financial base prior to the global recession. However, much of this credit would fall on the late Jim Flaherty and Paul Martin. Without that strong base and a solid financial infrastructure, we wouldn't have come out of the global recession as well as we did.