Morbid optimism

You have got to appreciate the widespread optimism you see in New Brunswick papers about our economy. I remember not that long ago former Premier Frank McKenna lamenting how negative the local newspapers were on the economy.

That was then, this is now.

Now this, admittedly is a fairly innocuous CP article on a new BMO economic forecast for the Canadian provinces. But coupled with all the propaganda crap coming out of PNB, I guess my sensitivity level is way up there.

Here’s what I took away from the BMO report:

NB’s GDP growth was worse than the Canadian every every year since 2003 – and projected to be lower for the next two years.

Employment growth worse all but two of the six years.

Retail sales growth worse every year.

But just in case you like to be at the top of the heap, inflation in New Brunswick was/will be higher than the Canadian average for 4 of the 6 years.

It’s almost like economics reporters have had a spell cast on them by the Wicked Witch of the Transcript which disallows any unfavourable statistics as long as a Tory reigns in Fredericton.

I use my parents as a test case for this. They read actually the Fredericton paper on a daily basis and watch the local news. They think things are doing very well under our highly paid Premier.