FP’s Terence Corcoran: Jack Layton’s hidden agenda
With the NDP’s public election platform already packed with more than 200 extreme, unworkable, radical and mostly undesirable promises, it might surprise some to learn that Jack Layton’s current power trip packs at lot more baggage under the floorboards.
How much more can there be? They’ve got plans for what amounts to a 10¢-a-litre cap-and-trade tax on gasoline, doubled pension plan contributions, corporate tax increases, plus a long list of plans and schemes to newly regulate pharmaceuticals, banking, oil, food, telecom, railways and many other industries. As for monetary policy, not mentioned in the platform but recently the subject of comment, Mr. Layton says that he wants to maintain an “arm’s length” relationship with the Bank of Canada, although he apparently at the same time intends to jawbone the bank over interest rates and the value of the dollar. Read more
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