Harper won match one in the standoff against a possible coalition government.  Thank goodness the Governer General had some comon sense in prorugation of government until January 27th when the budget will be tabled.  So, the coalition government will have to withstand seven weeks (53 days) of trying to be a coalition without any parliament.  Interesting?  Will the parties take to radio, television, and internet to make their viewpoints viable and based on reality?

 

Harper has given out an olive branch to the opposing parties to work together to press on points of interests that can be implemented in the upcoming budget.  All the parties, so far have softly rejected the idea.  What does that say about the coalitions true intentions.  Are they for Canadian voters, or for themselves in attaining power?

 

Seven weeks is a long time, and many things can change economically, first off the coalition was calling for an Auto industry bailout.  A bailout can be passed within weeks by the U.S. government, and if not the U.S. Treasury has access to funds for the automotive industry even without the support of a U.S. Congress.  Therefore, Harper’s government will most likely come out with Canada’s plan which mostly likely will be an extension of the Automotive Innovation fund (http://www.conservative.ca/EN/1004/102798 further explaination of the fund)  which was announced on September 4th, 2008.

 

Secondly, lower interest rates have been emerging from all economies around the world plus massive amounts of monetary injection from their respective governments.  The objective is to provide liquidity to all markets and stabilize the world economy in the deleveraging process while the world is experiencing a recession.  All these factors have been on going for some time now, and over the next seven weeks we should experience more stabiliy.

Thirdly, as January 20th, 2008 approaches closer, all eyes will turned to the historic moment of president-elect Obama’s inauguration.  Why would this be important to Canada?  Basically, Obama has created confidence into the U.S. Psychi which will be passed on economically and politically throughout the U.S. and the world.  Also, the U.S. will continue with the massive amounts of stimulus packages throughout Obama’s first term until the economy stabilizes.

Harper has a chance to benefit from all of this in the next seven weeks, and the coalition government could be a faint memory of three parties who still feel wronged by the last election.  Until january 27th, 2008 Harper Governmenet:1 vs Coalition: 0

Sam Latella

www.parliamenthill.com