As a result of the McGuinty Government’s inaction on the economy, residents of Kitchener-Waterloo are facing the prospect of significant job losses at Research in Motion (RIM).

“There is no action plan for job creation in the budget,” said Ontario PC MPP Rob Leone. “Premier McGuinty’s idea for economic development involves more taxes, more spending and more consulting. Businesses today need immediate action to fix the jobs crisis that Dalton McGuinty created.”

Ontario’s economy is lagging and underperforming. In the past month, credit agencies have not only downgraded the province’s economic outlook, but Moody’s has given the McGuinty Liberals an outright credit downgrade. A mere one percent increase in borrowing costs would result in an additional $500 million needed to service our debt, money that would not be paying for more front-line nurses and doctors.

“I know it is BBQ season in Ontario, but it doesn’t mean that the Government can put more pork on the spit in the form of a slush fund earmarked for Liberal supporters,” said Leone.

As a result of the McGuinty Government’s mismanagement, unemployment has been higher than the national average for 64 months. “It seems that the only people in Ontario that have a job are those in Government who create endless ways to spend money,” added Leone.

“The first step of treating their addiction to economic underperformance is to admit that they have a problem. I just hope that the Premier and the Government can admit that before another Credit downgrade,” concluded Leone.