Bkr.All things Jagmeet

[hobbyguy]

Remember...JT and the Canadian government took on all this debt so that Canadians won’t have to.

Right now interest is low so as Canadians we can afford this...Jughead is standing right behind JT with his hand out!


It’s like talking to my 4 year old when I tell him that toy costs money that we don’t have. He tells me just go to the bank and get more money....I want it.


And we gave him the key to the country....again

Poor analogy. The government has all the money it wants to have. Unlike you and I, the government can print money. Unlike you and I, the government can influence what interest rate it pays.

In point of fact, these days money isn't the determinate for most folks, it is the affordability of credit and credit ratings etc. Debt has, in effect replaced, currency.

It is weird thing. When I was growing up, if I wanted a bicycle, I had to save the cash up. That was tangible folding money and coins. No options, it was cash or no bicycle. Now i rarely use cash - a lot of places don't even want it. Debt and available credit are the determinates of whether I can "afford" something, and that relates to numbers in my bank's computer.

So when the government takes on "debt", it is in reality just printing money. Now that can be bad if it induces too much inflation. So the thing to watch is purchasing power. Purchasing power is unlikely to be affected very much unless you see the Canadian government's actions being out of step with our trading partners. In this case every single one of them is doing pretty much the same thing - pushing new "money" (debt) out the door to those in need because of the COVID situation and its spin off effects. The CDN $ is holding steady against all major currencies, and is actually showing some signs of strengthening against the US $.

So far so good. But there are some folks who get burnt in such a scenario. The old fashioned kind like myself who saved their $ and count of interest rates that will give them some return on the conservative part of their portfolio - and that just ain't happening right now, or is going to be likely in the foreseeable future. (I right it off to "stuff happens").

The arguments about CERB making it so people don't want to work are just nonsense. People do want to work, as Canada's Dauphin mincome experiment proved (employment and employment rates went UP when people were given mincome).

I can tell that my daughter never qualified for CERB (stable job in an essential service) and her friends that did now envy her. They want to work - working adds purpose to our lives - people want to be contributors.

For a little more explanation of the differences between government budgets and debt and our own household ones, some decent points in this article - which is NOT written in reference to our country/politics: https://www.abc.net.au/news/2020-10-03/federal-budget-money-budgeting-families/12724708

"The Government has lots of power to borrow and households have limited power. The Government can print money if they need to, but households can't," she said.

Most governments don't just literally go to the presses to get more cash — they go to the bond market to borrow money (which is like an IOU that they sell to investors).

"Investors will get a relatively low return compared to other financial investments, but government bonds are low-risk."

So what is the real difference between "printing" bonds and printing money of a press? Not very much. Except that bond "printing" has been shown to have little inflationary impact.

So by "borrowing" bond money, the government recirculates "dead money" back into the economy. In this case at the highest velocity end of the economy - the lower income and small business sectors.

Not sure that Jagmeet would go that far "into the weeds", but he is right that a lot of ordinary folks and small business folks are hurting right now - and they need a hand.

[Pete Podoski]

Now I understand why there's a love-in between Justin and Jagmeet.

Jagmeet adores Justin's late father.

[The Green Barbarian]

Now I understand why there's a love-in between Justin and Jagmeet.

Jagmeet adores Justin's late father.

Wow - hang your head in shame Jagmeet. Why does anyone ever vote NDP? Do you not see just how DUMB the people are in this stupid party?? Considering that Castro and Guevara herded gay people into labour camps, should not the LGBTQ community be going nuts right now about this tweet? #cancelJagmeet

[The Green Barbarian]

MacDougall: The NDP won’t become relevant by carrying Liberal water

Attracting notice as the fourth-largest party in Parliament isn’t easy, so the NDP is opting for a high-risk strategy: carrying Liberal water.

To be sure, there are some upsides to planting one’s nez firmly up the backside of the governing party: The NDP was able to extract more pandemic income support for unemployed workers and expand federal sick leave. That’s a win.

But there are downsides, too.

For one, the NDP win, such as it was, won’t be remembered as an NDP win. It will be remembered as a government win. Each time a new federal cheque comes in, it won’t be Jagmeet Singh or the NDP that springs to voters’ minds. It will be Justin Trudeau.

Now, it might have been different had the NDP invented a new pandemic support out of whole cloth, and not just an expansion of existing programs, but even then the credit would have accrued to the Liberals in power. Welcome to the inherent unfairness of being a junior coalition partner.

Only the NDP aren’t even that. They’re just rented votes in the House of Commons. No Dipper sits in cabinet, just as no Dipper is around to make a good news government announcement. And even then, what’s a few million or even billion to your name when Trudeau and his team are spraying hundreds of billions around the country?

If the all-but-guaranteed anonymity of its successes weren’t bad enough, the NDP also runs the risk of looking like it’s carrying Liberal water on less munificent files too, like the parliamentary investigations into the WE Scandal, where the NDP has stymied a potential avenue of enquiry at the House of Commons’ Procedure and House Affairs Committee.

And while the NDP says this is because of poorly worded motion, it doesn’t appear to be operating on a principle of inflicting political pain on the party it needs to overtake to become government, or at least knock back to become a bigger player in a future minority Parliament. Sure, the NDP’s proposed “special committee” on all of the government’s pandemic spending might shake out another WE, but why dilute the one bona fide scandal you’ve got?

The NDP rebuttal might be that inflicting pain is petty at a time of national crisis, and that the greater good must come first. Fine. So let’s see some of that greater good then.

https://www.msn.com/en-ca/news/other/ma ... d=msedgntp

It's time for the NDP to just stop existing already. Time to sweep this dead party into the political dustbin.

[rustled]

Remember...JT and the Canadian government took on all this debt so that Canadians won’t have to.

Right now interest is low so as Canadians we can afford this...Jughead is standing right behind JT with his hand out!


It’s like talking to my 4 year old when I tell him that toy costs money that we don’t have. He tells me just go to the bank and get more money....I want it.


And we gave him the key to the country....again

Poor analogy. The government has all the money it wants to have.

And we all know where the government gets all the money it wants to have from: the taxpayer.

So it's more like the 4-year-old who wants the toy (Trudeau), having been told we can't afford it, chats with his buddy (Singh) who says "but we really want that toy" and suggests they just help themselves to whatever is in dad's (the taxpayer's) wallet. Plenty more where that came from, right?

[cyruslosco66]

Ndp under Jagmeet put forth a motion to prevent Canadas veterans from having to pay back cerb .

The libs ,cons, bloc all rejected it .

https://www.ndp.ca/news/liberals-conser ... t-veterans

[The Green Barbarian]

Ndp under Jagmeet put forth a motion to prevent Canadas veterans from having to pay back cerb .

Why would they have to pay it back? Were they not eligible for it? If they weren't eligible, why were they collecting it? And even more importantly, why would dumb-dumb Jagmeet want to let ineligible people off the hook? It makes no sense. I really like how Jagmeet's continual careless expenditures of taxpayer cash is somehow apologized for - it's just so silly.

[cyruslosco66]

"Yesterday, in the House of Commons, NDP Critic for Veterans Rachel Blaney presented a motion to ensure veterans are not required to repay the Canada Emergency Response Benefit (CERB) they've received until after their disability benefits have been processed and paid by Veterans Affairs Canada (VAC). Incredibly, Members of Parliament from each of the other three recognized parties rejected the proposal.

"Veterans — who applied to CERB because the backlog to receive their disability benefits is so long— must not be fined or punished for accepting the help they were able to get from the government," said Blaney. "The federal government has been failing them so badly, these veterans had to apply for the CERB just to feed their families and keep a roof over their heads." "


what is clear is it is the Ndp who are doing the work for Canadians while the libs and cons dream up more ways to fleece canada

[rustled]

"Yesterday, in the House of Commons, NDP Critic for Veterans Rachel Blaney presented a motion to ensure veterans are not required to repay the Canada Emergency Response Benefit (CERB) they've received until after their disability benefits have been processed and paid by Veterans Affairs Canada (VAC). Incredibly, Members of Parliament from each of the other three recognized parties rejected the proposal.

"Veterans — who applied to CERB because the backlog to receive their disability benefits is so long— must not be fined or punished for accepting the help they were able to get from the government," said Blaney. "The federal government has been failing them so badly, these veterans had to apply for the CERB just to feed their families and keep a roof over their heads." "


what is clear is it is the Ndp who are doing the work for Canadians while the libs and cons dream up more ways to fleece canada

It would make far more sense for the NDP to insist the Liberals fix what's wrong with Veterans Affairs Canada - the reason there's always such a serious backlog in the first place. In the absence of that effort, this is a feel-good boo-boo strip intended to impress the gullible at the expense of the veterans. The gullible feel good about helping the NDP help veterans when in really they're all merely using the veterans for political advantage.

So far, Singh's sole strength has been in playing these sorts of political shell games.

[The Green Barbarian]

So far, Singh's sole strength has been in playing these sorts of political shell games.

Yes, he's really taking the lazy way out at every opportunity. Not a leader at all.

[cyruslosco66]

Jagmeet considers playing online game with huge twitch stars .


https://twitter.com/theJagmeetSingh/sta ... 81856?s=20

[Gone_Fishin]

Jagmeet is going to play video games with AOC. I guess that's better than Justin, who would just try to get her in the sack.

https://www.castanet.net/news/Canada/31 ... h-with-AOC

[The Green Barbarian]

So not only does Jagmeet love evil Cuban dictators, he also loves killing the Canadian economy. What a giant loser that clown is. Just the dumbest.

Biden's planned Keystone XL cancellation welcomed by NDP, Green leaders

The leaders of two federal opposition parties welcomed news today that U.S. president-elect Joe Biden is poised to rescind a presidential permit allowing cross-border construction of the Keystone XL pipeline, a decision that would effectively kill the long-delayed project.

Green Party Leader Annamie Paul said Biden's expected move to block the project shows that the U.S. will soon be led by a committed "climate warrior" in Biden while Canada's leadership is "not serious about tackling the climate emergency."

Prime Minister Justin Trudeau has long supported the project — he backed the pipeline while running for the Liberal leadership in 2013 — which would have carried more than 800,000 barrels of Alberta oil a day to refineries in Texas.

The project has been championed by the oilpatch because it would allow Canadian producers to fetch prices closer to the going world rate.

Canada's ambassador to the U.S., Kirsten Hillman, released a statement late Sunday saying the government "continues to support the Keystone XL project and the benefits that it will bring to both Canada and the United States."

https://www.msn.com/en-ca/news/canada/b ... d=msedgntp

[Gone_Fishin]

Why isn't Justin Trudeau kicking Jagmeet and Joe in the nuts for this?

[Babba_not_Gump]

Why isn't Justin Trudeau kicking Jagmeet and Joe in the nuts for this?

You're asking more than Justin can give.
At the worst, he'll tell Joe that all Canadians are disappointed, and then apologize for being so harsh.