Flaherty makes it very clear that his main concern, and Harper's main concern, is to not be seen to fall into deficit. Flaherty even projects a surplus for next year, based on over $4B in cutbacks next year (cutbacks!), no fiscal stimulus, and no recession. This is just politicking, and it's hurting the country.
It's disastrous economic management, but it's bad politics, too, because if Harper-Flaherty screw up our economy, as they seem to be doing, they're toast in the next election. If they wanted to wait in order to harmonize with Obama, that's one thing, but they're letting politics and ideology run the country.