11.09.2011

"But anybody can do that." - Jim Flaherty

Oh dear, this must hurt...


The Conservatives have not liked how the Parliamentary Budget Officer (PBO) has been doing his job. They have gone so far as to limit the information they give him, yet despite attempts to kneecap him, he has been on the mark most of the time, and certainly more so than the current Finance Minister, Jim Flaherty.

Take note, PBO Kevin Page pointed out that he can't envision a five-year return to surplus without a government move to significantly cut spending or increase revenue.  That was in June of 2009.  Flaherty's response to the PBO was this...
"He's wrong," Flaherty told journalists in a conference call from a G8 finance ministers' meeting in Lecce, Italy. "Because he says growth rates likely will be slower than I had predicted. Now, if you make an assumption with respect to lower growth rates, then you get the results that he postulates. "But anybody can do that." - Cumberland News
Anybody but the current Finance Minister.

The Conservatives have consistently been out of sync even with their friends in the banking business.  All I can add is that if Prime Minister Stephen Harper is a trained economist, he must have skipped a few lectures.

Flaherty says budget officer wrong to predict long-term deficits

h/t @canadiancynic

2 comments:

Pale said...

I think the cult of economists need to be deprogrammed.

They preach about the invisible hand of the free markets, when in fact there are many men behind the curtains.



:)

Rick Barnes said...

It does seem they never have to say I was way out to lunch with my previous estimates. Why aren't the MSM after Flaherty on how often he has made projections that are so off base.

I can see what would happen to an NDP Finance Minister, if she or he had done as badly as Flaherty.