The figures are out and Canada is officially IN a recession. Two quarters with negative growth. That IS the definition of a recession. But Harper kind of denies it. He claims things are economically ‘good’ because of him and his policies. But, still, negative is negative and I hate the guy so I want to shout loudly ‘recession!’.
But that may NOT be the real truth. The real truth appears to be more like ‘stasis’ or ‘status quo’ or vanilla-bland…..hard to say. Comatose. Resting. Side-lined. Whatever. The economy is flat. That’s it: flat. I mean; -.5% negative growth is hardly negative. Not really. Maybe if they check again in a couple of weeks we ‘ticked’ up +.5%. Hard to condemn even a dickhead like Harper for half of one percent.
But, then again…………the economy is measured using ‘metrics’ and numbers arbitrarily chosen years ago and GDP includes such nonsense as the ‘output’ of wages fighting forest fires when the cost of the loss of the trees is NOT included but the wages of the firefighters is. GDP includes the wages of the prison guards but not the loss of human capital of the incarcerated. Hardly what I would call an accurate measurement of productive gain. The point? GDP is a stupid number.
More dead whales? Doesn’t count. More illegal drug use? Doesn’t count. Sale of the Canadian Wheat Board? THAT counts. So….really……what are we really talking about, here?
More political gibberish, really.
To have a sense of the state of the economy, you really have to use your own metrics and ignore the official stats to some degree. They count, of course, but they don’t count in the real world except as a partial indicator of what is really happening. The real indicator is something you either make up from your own life or you make up from reading a lot.
Can you read enough to know the state of the economy? I don’t think so.
But – gut feel – I think we are in a recession. A real one. I see rural communities struggling. I see more and more Walmarts and more and more ‘cheap crap’ and I don’t see the next generation doing very well at all. I think our education system is failing our youth. I think our health care system is sadly lacking in good service, response-time or even the latest in technology. I think the justice system sucks. I see Canada as slipping behind in so many ways and I see political reliance on resources to the exclusion of more modern industries. I am a critic of our economy. I admit that freely and I feel negatively towards Canada’s future if the current political thinking continues (and it seems to have taken root in all three major parties).
And I haven’t even mentioned climate change and what that means on a macro-economic scale.
So, the point? I want Harper sent packing but not because of so-called negative economic growth. Send him packing because he has no vision, he has no heart, he is a control freak and is NOT a good PM. Send him packing because he is a Luddite and a bigot, a toady and a sycophant to big business and is a baby-doc-style bully. But, honestly, do not attribute to Harper much of anything based on the economy.