All Things Trudeau, Chapter 2

seewood
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Re: All Things Trudeau, Chapter 2

Post by seewood »

Only politician worse than his ahhs and umms in a speech is Trump and his discombobulated inane ramblings. But then again Trudeau did try and explain drink boxes.
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Re: All Things Trudeau, Chapter 2

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He’s way too good looking for me to support
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Re: All Things Trudeau, Chapter 2

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This thread is where you post about JT that does not exactly match the topic headers

Use this thread wisely and not with childish remarks
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Re: All Things Trudeau, Chapter 2

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*removed*
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Re: Former PBO head says "Trudeau has no strong fiscal plan"

Post by hobbyguy »

Smurf wrote:Actually hobbyguy you have hit the nail on the head. "Political suicide" is the whole problem. All these parties are more worried about their future than the future of Canada. Somehow we have to find some politicians that do the right thing for Canada and not put themselves first. I doubt if those people exist but it would be nice. Forget about looking good on the world stage or whatever and work for Canada. Stop using our money to buy votes. Stop making promises you can't keep just to get votes.

Sorry I just momentarily drifted off in dream world. I'll try to control myself.


We can only blame ourselves for that. We reward politicians for doing dumb stuff, and punish them for doing the right thing.

- When Canada was floundering in debt and deficits, Mulroney brought in the GST. Got hammered in the next election.
- When Chretien/Martin tightened things up and put Canada in a prudent position (paying down the national debt) we went along with it for a short time - but in 2004 reduced Martin to a minority and then booted Martin in 2006 in favor of the "tax cut" vote buyer Harper.
- Harper introduced tax cuts all over the map, bailed on climate change, bailed on pay equity for women, messed up the mortgage market - but we then rewarded him with another term in 2008 and a another in 2011 during which period Harper messed up the Canadian fiscal and monetary positions even worse.

Mulroney got punished for raising taxes.
Martin got punished for running a tight ship.
Harper got rewarded for doing dumb stuff.
Trudeau just got rewarded, in part, for including a dumb tax cut.

You can trace the pattern backwards further, but in general politicians that promise "summit fer nuttin" get rewarded and those who do not get punished. We get the leadership we deserve based on people almost always falling for the "summit fer nuttin" nonsense - and then wonder why the books don't balance. Not surprising given the current propensity for Canadians to take on frivolous debt at record levels.

And so when a former head of the PBO says we have no strong fiscal plan, it is largely because it seems voters don't see debt as a problem - or at least are entirely uninterested in managing it. The deficit and tax reform could have been election issues last fall, but it seems politicians that tried to go that route got zero traction - they got more traction with National Inquirer type stuff.

The pitfalls of democracy - right now Canadians don't seem give a rats about the deficit, and so neither do politicians. Perhaps in another 4-5 years? Not sure. Sadly, it may have to come to some kind of crisis before we take the debt/deficit seriously.
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Re: Former PBO head says "Trudeau has no strong fiscal plan"

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The Green Barbarian
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Re: All Things Trudeau, Chapter 2

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crookedmember wrote:The poorly educated and backwater bumpkins hate him, so he must be bad!


This is a thread about Trudeau, not Harper.
Justin Trudeau- racist, elitist, liar. What a sick piece of garbage.

"Mr. Trudeau, you are a disgrace to any democracy. Please spare us your presence" - European Union addressing the sad sack of **** that is currently our PM.
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Re: All Things Trudeau, Chapter 2

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I can't wait for this embarrassing chapter in Canadian history to finally be over, and JT booted completely out of office. The Liberals give good lip service to giving Freeland a chance to be leader, but 152 years of misogyny is hard to overcome.

Thanks Cats for setting up this thread, well done!
Justin Trudeau- racist, elitist, liar. What a sick piece of garbage.

"Mr. Trudeau, you are a disgrace to any democracy. Please spare us your presence" - European Union addressing the sad sack of **** that is currently our PM.
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Re: Former PBO head says "Trudeau has no strong fiscal plan"

Post by Gone_Fishin »

Why can't Justin Trudeau fly with the cattle? Is it because as a wealthy elitist, he's too damned good for what the rest of us use? Canada needs someone like Boris, not a greasy rich boy. Imagine the money that could be better spent on helping people that actually need it, rather than pamper Trudeau's lily white *bleep*. Now that would be a fiscal plan taxpayers could actually support!


The cattle class Prime Minister: 'Low profile' Boris Johnson and girlfriend Carrie Symonds save the taxpayer tens of thousands by flying economy on £1,300 British Airways tickets to their Caribbean New Year break

https://www.dailymail.co.uk/news/articl ... onomy.html
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Re: Former PBO head says "Trudeau has no strong fiscal plan"

Post by Gone_Fishin »

Trudeau's plans are working for his wealthy friends, but not for regular folks.


Economy remains weak under Trudeau as U.S. thrives


The economy boomed roughly 3 percent in GDP growth that year, according to figures from Statistics Canada. That money, though, went right to the top and skipped over working families.

The 2017 figures showed that average incomes grew just 2.8 percent in two years, with the top 10 percent taking in a quarter of all growth, and the bottom 40 percent only taking in one-fifth of all growth.


According to those same figures, a majority of Canada’s population incomes either stagnated or fell, while those in the top 1 percent saw their incomes boom.

As PressProgress highlighted, “adjusted for inflation, the average the after tax income of all families and individuals rose modestly from $71,200 in 2015 to $73,200 in 2017. That’s an increase of 2.8%.

But families in the top decile saw their after-tax incomes rise almost double that. The top decile’s incomes rose 4.786%, from $192,200 in 2016 to $201,400.”

It looks as though this sluggishness is going to continue. According to fugres by Statistics Canada for 2018, Canada’s GDP grew at 1.8 percent, and we’ve already seen the economy slipping in 2019, shrinking by that previously mentioned 0.1 percent.

News doesn’t appear so grim for our neighbours down south, though. According to the US Labor Department, the US grew “at their fastest pace for nine years” in 2018.


https://www.thepostmillennial.com/econo ... -s-thrives
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Re: Former PBO head says "Trudeau has no strong fiscal plan"

Post by crookedmember »

Trudeau's fiscal plan is and was to grow the economy and fix the horrendous unemployment rate he inherited from his predecessor.

Canada now boasts its lowest unemployment rate in almost five decades. The rate is so low, employers in Kelowna are having trouble filling positions. The Jobs listings on Castanet stretch on for more pages than one can count.

This is certainly a welcome change from the soup lines of the last government of which the former PBO was a part.
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Re: Former PBO head says "Trudeau has no strong fiscal plan"

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Re: Former PBO head says "Trudeau has no strong fiscal plan"

Post by Gone_Fishin »

crookedmember wrote:This is certainly a welcome change from the soup lines of the last government of which the former PBO was a part.


The last government was Trudeau's. You're saying he's doing something differently from his last term that was riddled with soup lines? That's odd, because Bill More NO says they are staying the course with high deficits and unbridled spending on worthless projects. Is something different this time, besides the much larger amount of tax revenues needed to service the debt incurred during the last term?
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Re: Former PBO head says "Trudeau has no strong fiscal plan"

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Regardless of what the former PBO says, Canada also now boasts the second-best GDP growth rate in the G7 as well as tops in Foreign Direct Investment.

These wins are a welcome change from those of the last administration, and--far from having 'no fiscal plan'--are the result of the Trudeau Liberals having a fiscal plan that works.

FDI Surges Ahead in Canada
Location Canada 2019

If you follow foreign direct investment trends in Canada, you may have heard in recent news that although global FDI flows decreased by 27 percent, Canada saw the highest FDI inflow increase among G7 countries in 2018. In fact, Canada’s FDI inflow increased by 60 percent in 2018, compared to 13 percent for France and 10 percent for Italy, whereas Japan, the United States, the United Kingdom, and Germany saw their FDI inflows decrease. More specifically, non-U.S. FDI in Canada increased by more than 300 percent. This is, of course, great news for Canada — there is no doubt that Canada is and has been a premier investment destination over the past few years.

Canada is showing signs of a healthy economy that is attractive for foreign direct investments. According to the Organization for Economic Co-operation and Development (OECD), Canada’s average annual real GDP growth in the past 10 years (1.8 percent) ranked first among the G7 countries and will rank second at 1.8 percent in 2019–2020 behind the United States at 2.4 percent. Furthermore, Canada’s corporate income tax rate remains one of the lowest in the G7 at 26.8 percent, just below Italy at 27.8 percent and slightly above the United States at 25.8 percent. Finally, the Economist Intelligence Unit (EIU) predicted that among the G7 and G20 countries, Canada will be the best country to do business over the next five years. According to the same source, “The country ranks well for its infrastructure, market opportunities, foreign trade and exchange, and low tax rates.”



https://www.areadevelopment.com/Canada- ... nada.shtml
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Re: All Things Trudeau, Chapter 2

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Trudeau's checklist for Canada. He's doing very well at ticking every box on the list. Scarily well, in fact.


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