Sunday, March 25, 2012

Jack Layton's Legacy

On the day that James Cameron the Canadian Director of the film "Titanic" has completed only the 2nd dive ever to the deepest point on Earth New Democrats are awakening to a new political world that could either have them heading the same direction as Cameron or, perhaps, scaling the heights of modern Progressivism under their new leader Thomas Mulair.

The new leader of Canada's Loyal Opposition has made it known that he has no plans to forge an alliance with the Liberals and that his current highest priority is to mend fences with any aggrieved NDP Party faithful after the bruising leadership conference held this past weekend.

The leader of the opposition's first test will be the gauging of his response to the Harper Government Budget to be delivered this Thursday. Finance Minister Jim Flaherty is sure to announce some serious cuts to various government departments and lay offs of public sector jobs across the country. The tea leaves indicate that the Governement will emphasize measures to boost the economy & stimulate job creation as a response to 5 months of poor employment numbers.

There will be significant attention given to the policies that affect the sustainability of the major social programs such as Old Age Security. Canada has survived the recent economic collapse fairly well and has been the envy of those south of the border as the USA has experienced much harsher effects arising from the croney capitalism, Wall Street deception & fraud, and the Obama Administration's inadequate policies of the past number of years. The issue of the day now is whether Canada can continue to support its enviable social programs and grow its economy while its southern trading partner struggles to re-assert itself as the world's leading financial system.

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