February 20, 2009

Canadians confident about the government's economic strategy

The current economic crisis must be drawing to a close as the road to recovery starts with improved confidence. According to a recent poll, Canadians are regaining their confidence and feel the economic slowdown may not weigh on us for very much longer.
A new CBC poll conducted by Ekos Research suggests Canadians are not only optimistic the economy will improve, they believe the federal government will lead the way.

Fifty-nine per cent of those surveyed had some, or complete confidence that Ottawa would be able to lead Canada out of the recession.

Fifty-seven per cent thought the federal budget would be very effective or somewhat effective in stimulating the economy, and 62 per cent had some or complete confidence in the Bank of Canada’s recent economic forecast.
The survey was conducted the between Feb.12-16, 2009, interviewing 1,036 randomly selected Canadians over the age of 18.

Of course, this confidence is partly a gust of wind from the South, with Bank of Canada previsions being based on the relative success of the American stimulus package. Still, some confidence is better than none at all, when all other indicators are still hitting a slump.

3 comments:

dougf said...

"Fifty-seven per cent thought the federal budget would be very effective or somewhat effective in stimulating the economy, and 62 per cent had some or complete confidence in the Bank of Canada’s recent economic forecast."

And these 57% or 62% are 100% WRONG.
Simple as that.

You don't spend money you will NEVER have (this applies essentially to the US, which is the root cause of this rot), as if there were no tomorrow if you really expect that tomorrow everything will be just peachy. You do that when the bottom is falling out, and the panic button has been smashed into fragments from all the pounding.

This isn't over. It's barely begun.

treb said...

Typical response from a Liberal.So pessimistic that you would destroy Canada before admitting you are the one that is wrong.

dougf said...

"Typical response from a Liberal."

Did I miss something here ? WTF does my being or not being a 'Liberal' have to do with anything whatsoever ?
Clearly a mindless partisanship is not the preserve of any one segment of society.

This is about ECONOMICS not POLITICS. The Economy is TANKING because it was built upon an unsustainable debt model that somehow managed to become accepted as the greatest thing since sliced bread. That model is neither lib nor con. It's just disastrously WRONG.

Sometimes I feel that the World has been taking Stupid Pills for the past decade and someone forgot to give me the memo.

Kind of scary really. Kind of scary.