All Things Trudeau, Chapter 2

[Gone_Fishin]

5% inflation eroding workers' wages and seniors' savings, but hey, don't worry, be happy.

The economic disaster under Trudeau is as plain as white on Rice.

[Catri]

5% inflation eroding workers' wages and seniors' savings, but hey, don't worry, be happy.

The economic disaster under Trudeau is as plain as white on Rice.

You're using the "white on rice" idiom incorrectly.

[d0nb]

Same here. Although when I've criticized him, I've been accused of hating him.

Trudeau isn’t evil, he’s just dumb. In order to hate him, one would have to assume that he knows what a terrible excuse for a leader he is and could easily do better, but chooses not to. Driven as they are by emotion rather than reason, your dispassionate criticism of JT is simply beyond the understanding of many on the left.

[d0nb]

Sabrina Maddeaux with another brilliant article. Liberal shills to apologize on Justin's behalf and somehow blame Harper and the author of the article for this CPP debacle coming in in 4...3...2...1...



https://www.msn.com/en-ca/money/topstor ... d=msedgntp

Don't worry, the money is going to Tiny Tim.

Well, maybe that should cause extreme worry.

No doubt, being saddled with higher CPC contributions galls folks like Sabrina who already resent government payouts to the old people she regards as being rich and over privileged.

Unfortunately, the hikes will put additional stress on businesses and employees as they try to cope with nasty inflation in food, energy, housing and other expenses. Such fun.

[hobbyguy]

5% inflation eroding workers' wages and seniors' savings, but hey, don't worry, be happy.

The economic disaster under Trudeau is as plain as white on Rice.

Ya right, the silly partisan nonsense, Here's the inflation forecast: https://data.oecd.org/price/inflation-f ... ator-chart

Yup, the pandemic recovery bottlenecks are pushing up inflation - a worldwide phenomenon - but it will abate and return to normal next year.

Plus if you pay attention, workers are making big gains in wages and economic mobility. Seniors will be getting CPI adjusts to CPP and OAS in January.

What is really eroding seniors savings is the low interest rates. Those are going up next year, but that's properly a BOC decision - not one for politicians. Negative real interest rates have been happening for a long time, and that's a problem.

But meanwhile the price of my home has jumped like crazy, and on paper my net worth is much higher than it was. Win some, lose some. Tough on seniors who are renting though. So Trudeau and crew paying more attention to housing will help a tad - but something needs to be done for low income seniors who are renting.

[Gone_Fishin]

5% inflation eroding workers' wages and seniors' savings, but hey, don't worry, be happy.

The economic disaster under Trudeau is as plain as white on Rice.

You're using the "white on rice" idiom incorrectly.

Nope. But you don't get it. Some on here sure do.

[Gone_Fishin]

Working Canadians are paying too much for everything under the Trudeau Liberals. But his wealthy white elitist friends are sure rolling in the dough.

And lower income Canadians are going to get hit the hardest. Trudeau hates low income people.

Thanks to Trudeau Liberals, working Canadians will pay too much into CPP


Justin and Sophie flaunt their wealth in front of destitute Canadians. "Let them eat cake!" screamed Sophie.

The cost of… well, basically, everything seems to be soaring, and now many Canadians can subtract one more price increase from their bank balances. The Canada Revenue Agency (CRA) announced, last month, new maximum pensionable earnings for 2022. While small increases are typically expected, next year’s cap will jump a rather shocking 5.3 per cent to $64,900 from $61,600 in 2021. This is the fastest rate of increase in 30 years.

A quick refresher: pensionable earnings are the portion of your salary used to calculate your and your employer’s contributions to the Canadian Pension Plan (CPP). Maximum pensionable earnings are the maximum salary amount on which you need to contribute to the CPP. A higher maximum means a larger portion of your salary becomes eligible for payroll contributions. Combined with higher contribution rates (5.7 per cent up from 5.4 per cent in 2021), many Canadians will see a significant cost increase.

This comes at a time when consumers are already suffering from the impacts of above-target inflation, spiraling housing costs, and sticker shock brought on by supply chain issues. Compounded by pandemic job losses and salary gaps, many find they can no longer afford their pre-COVID quality of life. In recent memory, it’s never been harder for Canadians to make ends meet.

In fact, the unexpected maximum earnings increase comes on the back of those who lost jobs and income. The CRA calculates the amount based on the nation’s growth in average weekly wages and salaries, which surged during the pandemic. However, this isn’t because individual wages suddenly skyrocketed. Rather, the average increased because so many low-wage workers lost their jobs while small entrepreneurs watched their businesses crumble.

The increase is neither a fair nor sustainable reflection of greater economic stability and prosperity, but one based on flawed calculations. An already struggling workforce will be subjected to increased costs many can’t afford, and self-employed individuals and entrepreneurs will take the biggest hit of all. While regular employees and employers share the burden of CPP contributions, self-employed Canadians must pay both the employer and employee part. This means they must deduct double the amount from their earnings.

snip

As Canadians struggle to pay for everything from groceries to housing, forcing more money out of their paychecks and into government hands is the last thing we need.

https://nationalpost.com/opinion/sabrin ... h-into-cpp

[The Green Barbarian]

No, your Skippy inspired attack line on CPP is just dumb nonsense and only works with math challenged CPCers.

I don't know who "Skippy" is, but I assume this is yet another childish nickname conjured up by the PMO for Erin O'Toole and then sent out to the minions to parrot. What foolishness. You are right though, the way the Liberals are mismanaged the CPP program, it really is "dumb nonsense". The Liberals don't know what they are doing, and that's why CPP rates are going through the roof. Unqualified idiot children are running our government.

As for the drop in capital investments by companies, that is neither uniquely Canadian nor attributable to government policy except that necessary pandemic restrictions have caused companies to cancel/eliminate capital investments due to pandemic effects .

Once again - apologist nonsense. "Skippy" Trudeau (see I can make up nicknames for leaders of political parties too!) is an unqualified child, who leads a government full of unqualified children. And Canada is suffering mightily for this. The Liberal party is just plain awful.

[Gone_Fishin]

Justin is asking if there are any waves he can surf on that water.


https://twitter.com/Lefty_Mind/status/1 ... 1415122949

[hobbyguy]

No, your Skippy inspired attack line on CPP is just dumb nonsense and only works with math challenged CPCers.

I don't know who "Skippy" is, but I assume this is yet another childish nickname conjured up by the PMO for Erin O'Toole and then sent out to the minions to parrot. What foolishness. You are right though, the way the Liberals are mismanaged the CPP program, it really is "dumb nonsense". The Liberals don't know what they are doing, and that's why CPP rates are going through the roof. Unqualified idiot children are running our government.

As for the drop in capital investments by companies, that is neither uniquely Canadian nor attributable to government policy except that necessary pandemic restrictions have caused companies to cancel/eliminate capital investments due to pandemic effects .

Once again - apologist nonsense. "Skippy" Trudeau (see I can make up nicknames for leaders of political parties too!) is an unqualified child, who leads a government full of unqualified children. And Canada is suffering mightily for this. The Liberal party is just plain awful.

Of course you know who Skippy Poilievre is. Skippy has been a spinning prevaricator of false narratives for the CPC ever since Harper elevated him within the CPC - and he was a disaster as a cabinet minister. And yup, Skippy P. is pushing a whole bunch of false narrative nonsense about inflation for the CPC right now:

https://www.cbc.ca/news/politics/inflat ... -1.6261611

"The surge in prices is being driven by factors outside of Ottawa's control. But politics is politics."

SNIP

"Frances Donald, the global chief economist for Manulife Investment Management, was asked recently about inflation during an appearance on former Liberal strategist David Herle's podcast. She pointed to a number of factors that have nothing to do with the Trudeau government's fiscal policy: global supply chain disruptions, COVID-19 policies in China, global droughts, pent-up consumer demand.

Informed explanations from the United States also point to an array of international factors, many of which are linked to the pandemic. The New York Times' Paul Krugman has written that this bout of inflation seems more like what happened after the Second World War than the chronic inflation of the 1970s."

SNIP

"In an interview with CBC's Power & Politics on Tuesday, former parliamentary budget officer Kevin Page also pointed to a number of factors driving inflation — but did suggest that government support was boosting consumer demand. He also said that inflation could be short-lived but that it should factor into the government's decisions about future stimulus spending."

SNIP

"According to that plan, Conservatives would have run a slightly larger deficit in the current fiscal year before following a track broadly similar to the Liberal plan. And Page's Institute of Fiscal Studies and Democracy found that the Conservative plan lacked credibility."

So ya, Skippy P., he of the innuendo and smear and porkies, is spinning nonsense again. Surprise, surprise - the CPC spinning nonsense and having NO credible plan.

All that does is confirm the perception that the CPC is "the party of stupid". Canadians don't want stupid political stunts and grandstanding from the official opposition - but that's all they get because the CPC has a psychotic obsession with Trudeau bashing.

[The Green Barbarian]

Of course you know who Skippy Poilievre is.

Of course I don't. Who is "Skippy Poilivere" - what kind of nonsense is this?? We all know that the PMO is staffed by children, but the level of childishness emanating from the Liberal party lately really is off the charts. Unqualified children, unfit to govern.

Back to topic - and old "Skippy" Trudeau:

Chris Selley: Liberals play more insulting pandemic games with our democracy

The COVID-19 pandemic and, perhaps even more so, the governments trying to cope with it have routinely made fools of optimists. Here in Ontario, it took three increasingly large waves of the virus and hundreds of days of lockdown before relatively good news scored a point: The late-summer wave was a fraction of what most experts projected, and while cases have since climbed past that peak, they are climbing slower than during previous waves.

Then along came Omicron. It’s possible this new variant might be a blessing: contagious enough to vanquish Delta, but causing less severe symptoms. I sure wouldn’t bet on it, though.

If there’s one thing Canadians can be pretty confident about, however — and your experience will obviously vary by jurisdiction — it’s that we will continue to have things pretty good, especially in terms of cases but also fatalities, relative to most other Western jurisdictions that also could not realistically seal their borders: the United States and Europe, most notably.

That’s not to diminish the toll COVID-19 has taken. But our relative plight has always been worth keeping in mind as we try to strike the balance between fighting the virus and keeping sane. The differences are astonishing.

https://www.msn.com/en-ca/news/canada/c ... hp&pc=U531

Old Skippy Trudeau really is in trouble here. Runaway inflation caused by his own party's stupid policies, the CPP falling apart under his watch, and complete pandemic mismanagement. Children indeed.

[hobbyguy]

https://www.theglobeandmail.com/politic ... tion-case/

"Poilievre runs over facts in his race to make inflation case"

SNIP

On Monday, Conservative MP Rob Morrison said in the House of Commons that Canada was experiencing hyperinflation – a label that fits when inflation is 10 times Canada’s current 4.7-per-cent rate.

SNIP

But it’s still worth noting that in his zeal to make his case on inflation – essentially, that large Liberal deficits caused it – Mr. Poilievre has breezily bent facts past the breaking point, notably by asserting that Canada has run the largest budget deficit in the Group of 20, and that Canada’s inflation rate is far higher than all its peers except the U.S.

SNIP

His claim that his criticism of quantitative easing is not a comment on monetary policy is unfathomable, but let’s call that spin.

SNIP

It’s something else when he claims that Canada ran the highest deficit in the G20 last year. That is not correct.

SNIP

But that’s not so. Canada ran a large deficit, but not the largest in the G20 – as a share of GDP it was smaller than the G20 average, according to the International Monetary Fund.

SNIP

Yet Mr. Poilievre also goes out of his way to insist that Canada’s inflation is running at a pace far beyond other countries, except the U.S. “France, Italy, Germany, Japan, and the U.K. all have much lower inflation rates than Canada. Only the United States, which is printing money like crazy, has a higher inflation rate,” he said last week.

Much lower? At the time, Britain’s reported inflation rate of 4.2 per cent and Germany’s 4.5 per cent were not much lower than Canada’s. (Since then, Germany reported consumer prices rose at an annual rate of 6 per cent.) Inflation in the euro zone was 4.1 per cent. The U.S. and Canada’s other USMCA partner, Mexico, both had inflation over 6 per cent.


Yup, there it is, the rampant prevarication by the CPC due to their psychotic obsession with Trudeau. In the process psychotically attacking Trudeau the CPC assumes Canadians are stupid, but in fact only confirm that the CPC is stupid.

The CPC needs to wake up[ and start proposing things based on reality, not drinking their own fact free bath water. Otherwise they give Trudeau a free pass all the time, because nobody really pays attention to the CPC clown yelling from the corner bar stool.

[Gone_Fishin]

5% inflation in Canada, and it's only going to get worse with Trudeau's idiocy of pouring gas on the fire.

Trudeau wears responsibility for this disaster like white on Rice.

[foenix]

5% inflation in Canada, and it's only going to get worse with Trudeau's idiocy of pouring gas on the fire.

Trudeau wears responsibility for this disaster like white on Rice.

Oh sure, might as well blame the rising US, European and world wide inflation to JT as well. I'm sure if the dysfunctional CPC and the equally bumbling o'Toole had gotten elected instead of JT, the praise would be for the CPC in keeping the inflation rate below the US.

In September 2021, the Harmonised Consumer Price Index rose by 6.2 percent in the United States and by 3.6 percent in the EU.

https://www.weforum.org/agenda/2021/10/ ... ice-index/

[Gone_Fishin]

5% inflation in Canada, and it's only going to get worse with Trudeau's idiocy of pouring gas on the fire.

Trudeau wears responsibility for this disaster like white on Rice.

Oh sure, might as well blame the rising US, European and world wide inflation to JT as well. I'm sure if the dysfunctional CPC and the equally bumbling o'Toole had gotten elected instead of JT, the praise would be for the CPC in keeping the inflation rate below the US.

In September 2021, the Harmonised Consumer Price Index rose by 6.2 percent in the United States and by 3.6 percent in the EU.

https://www.weforum.org/agenda/2021/10/ ... ice-index/

"Weforum"? Is that run by the Burger Boys?

Instead of taking responsibility, Liberals can only say, "Look! Over there!"

Every economist in Canada is blaming Trudeau's insane money printing for our inflation. Of course, the eco-nuts and potheads who make up the Liberal party are too stupid to think about monetary policy.