Hey there, time traveller!
This article was published 3/2/2009 (3031 days ago), so information in it may no longer be current.
There are some things in life you can control. Unfortunately timing is not always one of them.
Take this morning, for instance. My timing on arriving to work in a downtown Ottawa still clogged with extra cars because the buses aren’t back up and running yet was perfect. Why? Because just as I was pulling into a parking lot that I expected would be full, another car pulled out and I got one of the best spots available.
Last week my timing was so off that I couldn’t find parking in that lot, the overflow lot or any other lot near my office.
But that’s just parking. I kind of have to have some sympathy for the Conservatives because of their timing.
You see, last March Jim Flaherty introduced a budget that was about as boring and devoid of news as another story about the Obama family. For the most part it was a par-for-the-course budget: spending hikes all over the place but not actually focused on any one thing, no major tax cuts, no major anything.
There was only one item in the budget really that the government bragged about and it was their big-ticket, big-push plan to get the attention of Canadians.
Tax Free Savings Accounts. Sort of like RRSPs but instead of getting a tax reduction for depositing into them, you get to take money out, including interest, without paying any tax.
It was designed to encourage Canadians to save money after years of out-of-control consumerism left Canadians with pretty high debt loads and pretty paltry savings.
Right now the government is advertising hard about these accounts.
But the timing couldn’t be worse.
Why? Because Flaherty just introduced his new budget designed to encourage people to spend more money so the economy gets back on track.
They don’t actually want you to save right now. The government needs you to spend that extra $10 you’re going to see on your paycheque soon from their tax cuts.
If it weren’t another sad indication of life in a crappy economy, it would almost be funny.