Fear of a Bloc planet

The Tories are trying to stir up the ghosts of coalitions past, but I'm a little more scared by this:

http://www.thestar.com/news/canada/article/693808

So for those of you playing at home kids, thats half a million jobs lost in a year, a $100 billion+ deficit, 9% unemployment, and a plan to get the economy and the books back on track that basically consists of the Homer Simpson-sque strategy of hiding under a pile of coats until the problem goes away.