What the Liberal spin-doctor didn’t say

Master Liberal spin-doctor John McCallum (Markham—Unionville) was rushed before news cameras to try and reassure his Bay Street buddies that the potential change in government was not as scary a prospect as he knew they believed. McCallum said:

I understand that the global economy, the Canadian economy is fragile, so I want the business community, the financial community to know that should we form the government, that the stability of our financial system and of our economy will be uppermost in our mind ….

This might very well be true as far as it goes, but what the old Bay Street fox didn’t talk about is precisely what was scaring the heck out of his banking pals: corporate taxes.

A few days before the Leadership debate during the last federal election, NDP Leader Jack Layton said that an NDP government would reverse corporate tax cuts brought in by Liberal and Conservative governments, saying the move would bring in some $47 billion over five years. Don't tell me that banks and oil companies, which by the way, made 42 per cent of the profit of corporations in Canada last year, need help. The families of this country need help, Layton said. – CNEWS

Yes, the same corporate taxes socialist leader Jack Layton promised to hike if he got the chance.

Well, guess what, folks, if John McCallum and his Liberal party form a government it be at the pleasure of Layton’s NDP.

And the last time a Liberal government—under Paul Martin—bought the support of the socialists, it paid for it with a promise not to reduce corporate tax as it had proposed to do in its recently tabled budget.

I wonder how McCallum reconciles his assurance that “…the stability of our financial system and of our economy will be uppermost in our mind,” with massive—“$47 billion over five years”—job-killing corporate tax increases?

Remember? McCallum’s boss, Liberal Leader Stéphane Dion called Jack’s idea a “job killer” only a few week ago, when he asked:

The very moment you raise $50 billion in increasing the burden on our companies, on employers that are creating jobs, how many people will lose their jobs, how many families will lose their earnings?

Man, those old Grits could spin a silk purse out of cat gut, couldn’t they? God save Canada.