This non-PhD in Economics - from an average university in Calgary, which espouses one particular school of though (a very Republican/US one) - insists all is well. He may even believe it.
What's more disturbing:
1) Harper Conservatives allowed lesser restrictions on mortgages, allowing for US-style 0-down, 40-year mortgages, and lower the GST to help even more Canadians assume debt - in the face of a US economic collapse.
2) Even with overwhelming proof of a slowing economy, and burgeoning Canadian debt, Harper and Flaherty decide to actually induce young home buyers on limited (and shrinking) budgets by offering mortgage relief on new home purchases (see election promises from last week)
3) Yesterday Harper Minister Flaherty admits "we overspent"
4) Yesterday Harper continues paddling down a river in Egypt, with his continued cajoling of Canadians from their hard earned dollars - in the face of a real real estate crisis... while still maintaining there is no problem here.
All this happens, as the media smile and play nice guy, with absolutely no tough questions for "Mr. Fiscal Manager"...
God help us!