Desperados

Sep 23 20:09 2019 Print This Article

“A Conservative government will fix the stress test to make sure first time homebuyers can get access to a mortgage.”

And with those twenty words young Andrew Scheer, all dimpled and determined, made it official. Full speed astern. The thrusters are reversed. Let’s party like it’s 2016. Blackface meets clownface. What a sad corner this grimy little election has pushed us into.

The news since yesterday: first the Trudeau Libs announced yet another tax decrease, this one worth $6 billion as the basic personal exemption is raised to $15,000. More spending and lower revenues. Welcome to the PayPal generation of political leaders.

Then the Tories caved on housing. The stress test will be gutted. Thirty-year insured mortgages are coming back. Everyone who wants a house will get a mortgage. It’s a perfect foil to the Lib plan to have the government pay part of moister mortgages on $800,000 deals.

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About Article Author

Greater Fool

Author, Garth Turner has been a member of the Canadian Parliamant for nine years, serving as Member of Parliament, Cabinet Minister (in charge of Canada Revenue Agency), national leadership contender (Progressive Conservative Party of Canada), House of Commons Standing Committee member and chairman (Consumer and Corporate Affairs, Finance), Special Advisor to the Leader of the Official Opposition. He is a member of the Privy Council of Canada. In addition, Garth is an ambitious entrepreneur – founder and CEO of Canada’s largest independent producer of network television, providing programming to CTV, Global, YTV and others. He founded and successfully operated chain of six community newspapers in Ontario as well as founded and operated eco-tourism and hospitality company aggregating and restoring heritage properties.

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