Bob Rae ahead of his time?????
Bob Rae got us into the mess in the first place by declaring that he was going to spend our way out of a world wide recession.
I'll never forget that display of childishness by the public sector unions tearing up the proposal and laughing and dancing after rejecting it.
Harper is spending large to combat the effects of this recession too. So is just about every other government you could name. Rae was unfortunate enought to become premier just as the severe recession of 1990 took hold. He also inherited a $3 B deficit from his predecessor, David Peterson. When you consider the economic boom years that Peterson enjoyed, Ontario should have entered that recession with a healthy surplus. But Peterson chose to spend large during the good times (just like Harper did from Jan 2006 until the end of 2007) so ON was in shit shape financially when Rae took over.
Rae did what everyone else is doing now - he spent to soften the effects of the recession. By 1993, the ON deficit was about $12 B and Rae tried to put on the brakes by taking on the unions, freezing wages, re-opening labour contracts and demanding 12 unpaid days off. He managed to save $1.95 B with those measures but the unions turned on him and his career was in tatters.
What is hard to understand is how anyone can blame Bob Rae for his spending in the 1990 recession but then give Harper a passing grade for his spending since he became our PM in Jan 2006. Ontario was in recession from Rae's first day on the job and he started off with a $3B deficit. So he had absolutely no wiggle room. Harper, on the other hand, started out with a fat surplus and he had 2 years to get his feet wet before the recession came along. Harper spent like a drunken sailor for those 2 years and managed to eliminate the surplus just in time for the recession. Then he spent more, a lot more, once the recession struck. So why is Rae the bad guy here?