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Liberals Can’t Claim Credit for Economy December 2, 2005

Posted by Binford in Politics.

Next time someone argues about how the Liberals have given us such a good economy, make sure to quote this article:

Despite Paul Martin’s claims, the Canadian economy’s good performance is not a result of the Liberal government’s actions, says a new report by a private-sector think-tank that has helped the government prepare its budget forecasts.

While Mr. Martin’s Liberals have claimed credit for the economy’s performance, which most analysts agree is at or near its full non-inflationary capacity, with unemployment at a 30-year low, the government has been acting as a drag on growth, says the report by Global Insight.

That’s because, largely through taxation which can slow economic expansion, it has been taking billions of dollars a year more out of the economy than it needs, the report says.

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