The recession is over! At least according to Colin Hansen...Yes according to our Finance Minister, the economic downturn that has plagued us since 2008 (some would argue 2007), is over. Hooray! But wait a minute: did we not just announce a $1.7 billion deficit in March? Isn't the unemployment rate at 7.9%? Isn't the housing market stalling? Aren't worldwide markets collapsing once again amidst European debt crisis fears?
Unfortunately, this isn't the end of the Great Recession. We may wish it to be, but this is most likely only the beginning of Act 2. Things are going to get worse, before they get better (sorry for the pessimistic view point...) It seems to that the sole reason the member from Vancouver-Quilchena made such a statement was to simply distract the public from the citizens initiative, and recent government fallouts.
When the Great Depression ended, "Happy Days Are Here Again" was played consistently. Personally, I believe that it is a little bit too early to be playing our new economic prosperity song of the day (might I suggest Bad Romance!) If it is though, perhaps it's time to cancel that massively unpopular tax, whose countdown is slowly drawing ever closer.
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