Friday, April 05, 2013

Billions In Tax Cuts To Canada's Corporate Sector Has Resulted In 54,000 Job Losses This Month ..

A pillar of Conservative and Right wing ideology is the belief that 'tax cuts to the corporate sector will create jobs as these savings are re-invested in the economy." #FAIL!!

Stephen Harper lives and breathes conservative economic ideology .... and he is an idiot. Why? Because his ideology is inaccurate and does not work in the Canadian economy. The Billions in tax cuts that have gone to Canada's corporate sector are being hoarded and stashed away with no benefit to the economy at large.

Canada loses 54,500 jobs in March, unemployment rises to 7.2 per cent

OTTAWA -- Canada experienced the worst jobs performance in almost four years last month as 54,500 full time, private sector positions disappeared -- an unexpectedly big drop that erased a gain in February.
The loss was the biggest since February 2009, and along with a small retreat in the number of Canadians looking for work, helped lift the unemployment rate two-tenths of a point to 7.2 per cent.

Economists had expected a weak March to even out the above-trend gains of February, but few saw such massive bleeding, leaving the country with about 26,000 fewer jobs than at the beginning of the year.

To make matters worse, all the pay-back was in the full-time category.
The losses in the economically important private sector were mammoth -- with 85,400 workers joining the ranks of the unemployed.

The only gain was in the less desirable self-employment category, where almost 39,000 Canadians created their own employment, likely an indication many could not find permanent work.

Over the past 12 years, only about half the 203,000 jobs created have come in the private sector.
The latest numbers -- and particularly the longer-trend three-month record -- suggests the economy is still struggling to find lift following the stall that occurred in the second half of 2012, when growth averaged only about 0.7 per cent. January's gross domestic product did advance 0.2 per cent, but some other indicators have been soft, including housing.

CTV News.ca

-Here's 5 Questions That Harper - Flaherty And The Conservatives WILL NOT Answer About Corporate Tax Cuts!

-Canada's Corporations Are HOARDING Half A Trillion Dollars Cash YET Harper Wants To Give Them Even MORE Tax Cuts!