The Governor of the Bank of Canada, Mark Carney, on Sunday was interviewed by Craig Oliver, CTV’s Chief Political Correspondent and co-host of the CTV program, Question Period. I was very interested to hear Mr. Carney’s take on the current state of affairs in Canada, because he always seems to give us a straight answer to difficult questions—unlike too many elected officials these days.
Unfortunately, Craig Oliver’s approach to the interview was to deliver a screed of anti-Conservative-government tripe formulated as questions. Never has this man’s Liberal party bias been more apparent or less appropriate. I guess the fellow just can’t help himself.
Every question started as a negative comment about the Conservative government’s approach to managing us through this past year of recession. Despite Mr. Carney’s assurances early on in the interview that Canada started from a position of real strength and that there is a “plan to restore confidence and growth, we’re [government and BoC] putting it to work, and it is going to work.”
Oliver pressed on, however, suggesting Mr. Carney might be prone to being a “rosy scenario guy.” Gov. Carney replied that people seemed to want to hear “that things were terrible” and we can’t get out of the recession and end deficit financing.
Craig Oliver tried his best to solicit a negative response from the governor, but failed with every try.
Oliver then lectured Mr. Carney with his supposition that with so huge a proportion of future government budgets going to service the national debt, there’ll be no money left for growth in our country. Fortunately, Mr. Carney quickly reminded Oliver that “real growth” comes from the private sector, and that Canadian balance sheets were in “great shape” and that businesses are positioned “to help create growth.”
Craig Oliver and his Liberal friends are so caught up in Conservative bashing, they sometimes seem to believe their own rhetoric that only governments can do good things. The Communists held that belief for most of the twentieth century and look where central planning got those economies.
Oliver approached the interview from the point of view that Canada is in a hell of a mess and is unlikely to recover for years. At every negative suggestion of his, however, Gov. Carney refuted Oliver’s position and offered quite a positive outlook that should give Canadians hope that the worst is over. There is still much work to be done, but we have a plan, it is being implemented and it is working.
Far from agreeing with Oliver’s doom and gloom, Gov. Carney is forecasting future growth of 3.0 per cent in 2010 and 3.3 per cent in 2011. He says that a recovery in economic activity is already under way in Canada, and I say let’s all give thanks to PM Stephen Harper for his steady hand on the tiller of the ship of state.
Return to Main page »
© 2009 Russell G. Campbell
All rights reserved.