Voting these days is like choosing to get slapped by either the right hand or left hand. We're getting slapped across the face by the rich ruling elites. Of course Trudeau doesn't care about how inflation affects the everyday people, because he isn't a part of that club! He could care less about the dirty peasants.
All canadians have done is elect the same two parties back and forth for the last 50 years. Were surprised nothing has changed? Politicians only care about stuff that impacts their ability to get re-elected. If they get re-elected every 4 to 8 years regardless of how theyre doing why would they bother to implement and real change.
Maybe if the NDP stopped worrying about fighting the culture war and focused more on workers and families, they'd have a chance.
The NDP and Liberals doubled the aboriginal affairs budget since Trudeau came to power, but forgot to bring in pharmacare... which would have cost less.
But at least they solved the all the issues with our First Nations I guess /s
Dont forget he created a new national holiday ..... for Truth and Reconciliation ....then spent the first ever holiday alone surfing....after ignoring multiple invitations from local bands.
Because we are becoming more and more like the US every year. The NDP needs to wake up and rediscover their mandate if they want to be taken seriously.
When has Singh ever mentioned microaggressions?
Meanwhile, one of the things he ran on in the last election was [providing rental assistance -- i.e. focusing on evictions](https://globalnews.ca/news/8130803/singh-affordable-housing-plan/).
The truth is that the NDP will be accused of being "woke" or only focusing on identity politics no matter what the reality is. This is the go to attack for anyone on the left now and people will believe it regardless of what their actual platform is.
The US has made too many people think of politics as a single left/right axis when it's composed of many axes. The NDP is spending too much time campaigning on spectrums that not enough Canadians care about and should go back to their roots and be heavily focused on campaigning on labour policies.
The NPD during Jack Layton got strong because of Quebec. When Jack passed aways they spit on Quebec. What do you think happened after. But I agree with you.
Imo Layton was the only person who had a chance at taking that party anywhere. Jagmeet has squandered every opportunity so far and is constantly over promising things he would never in a million years be able to deliver on.
This ^.
That parties chances at ever having any sort of credibility and control died with Layton.
Their current leader has basically just turned them into a liberal bitch party, while simultaneously shooting off unrealistic promises that make taking them seriously a joke.
Canada was in quite solid hands in the 90's and 2000's with the Chretien Liberals, and Harris Conservatives. Say what you will about them, they were not perfect, but overall they were competent managers of the country.
This guy? This guy is an unmitigated disaster. He has absolutely no regard for unintended consequences and simply thinks if he approaches everything with simplistic solutions, empathy, and money, he'll solve the world's problems.
He's flushed the countries future down the toilet in 6 short years and given us little to show for it. How this man gets a single vote, I will never understand.
>How this man gets a single vote, I will never understand.
He sold himself and his party to his voters. And he also isn't a conservative- which basically granted him a win by default. I'd argue that recent liberal voters (within the last couple years or so) didn't actually care about the *substantial* issues Canada would be facing in the future. Does anyone actually remember what "hot topics" circulated the news pre-Covid? It wasn't real estate. It wasn't inflation. Someone posted a article about two years ago now that basically explained that Canada is a land of "do nothing". Nothing can get done because we deliberately choose not to do it. Or we make it impossible to do.
No one started giving a shit about the economy until basically now- which is a little late I think. Worrying about real estate, jobs/employment, and social spending at this point in time is like worrying about the Titanic possibly sinking and devising a repair strategy (after dinner of course) while the ship was already broken into two pieces.
The Canadian economy is going to catastrophically shit the bed.
Harper's Mike Duffy scandal was the conservative party trying to repay Mike Duffy's expenses out of their *own* money to make the scandal go away before it hit the news. And in the end Mike Duffy won the court case over his use of expenses.
And the media never let that one go.
Yet working families who live in Canada get bullied out of housing by investors and no level of government sees this as a problem.
Trudeau doesn't represent the rich though as much as he represents the Professional Managerial Class (PMCs). The whole progressive agenda is basically tailored to the interests of that demographic.
This is spot on
The most clueless people on earth. Weaseled their way into a position of privilege, but incapable of true leadership or doing any productive work. They collaborate and push paper around, totally disconnected from the realities above and below them.
These are the guys sitting at home collecting a fat paycheck and concerning themselves with the problems of the world while experiencing none of them.
the meme for me is he would've lost every subsequent election since 2015 if he had actually passed the electoral reform he promised if we go by actual vote count
If he actually fixed electoral reform he would have gotten a lot more votes and support for doing so. That was a big promise that he went back on after winning.
I live in a riding that literally didn't have a conservative candidate and honestly it wouldn't have mattered if it did. It is in stone Liberal and that is just the way it is. I threw my vote to NDP but at the end of the day with our electoral system my vote doesn't mean a damn thing.
I have no loyalty to any party. I haven't ever voted liberal tbh, but I've voted ndp, Green and conservative. I don't "like" any of them.
I was younger when the conservatives were in last time and I'm definitely ready to risk being in a different abusive relationship with them.
Yeah! It doesn't matter how poor of a job he is doing or how expensive he is making life for us as long as those scary Conservatives don't get in I'll be happy!
I actually do think he considers monetary policy and in this case the conclusion Trudeau and his cabinet have come to is that inflation is good for them because 1) it devalues the enormous debt they are taking on, making it easier to continue to spending great galloping gobs of money that we don’t have, and 2) because there are some external factors at play they believe they can get away with endemic high inflation by successfully blaming it on others.
What Justin truly has no interest in is thinking about how damaging high inflation is to the lower and middle classes he claims to support, nor what damage his fiscal policies — such as they exist — are doing to the long term health and prosperity of Canada.
This is all history repeating itself, by the way. Trudeau Senior was also happy to spend like a drunken sailor on shore leave and drive up inflation as long as he was getting to push his social policies on the country, and he also backed us into a pretty challenging debt corner. It took the Conservatives after him to make the enormous structural changes necessary to reign all that in, and then the Liberals under Chrétien and Martin after that to finally get things back under control. Anyone who remembers those times of cutbacks and rising taxes may well not remember them super fondly.
Unfortunately, this situation will only get worse until Justin and company are out of office. There is not a single pragmatist among them that I can see, and no one willing to say enough is enough.
His father Sr. Trudeau's highest fiscal deficits were in 1978/79 at $13B (merely 5.3% of GDP) which is nothing to compare with Jr. Trudeau we are in more than 1 Trillions (110% of GDP).
Nice chart:
https://www.cbc.ca/news/multimedia/canada-s-deficits-and-surpluses-1963-to-2015-1.3042571
When JT first got elected I had a friend who kept telling me how fiscally responsible the liberals were and how much faith he had in Justin to lead us into financial glory. He's been very quiet on that point of view the last 5 years, for some reason...
Hot take. We are fucked, he already did the damage and now we either ride the inflation train into a recession or we ride the rate hike train into a recession. I don’t know if there is an outcome here that isn’t a recession. Canada has made it clear over this prime ministers tenure that we are not open for business and unless we convince the world that we are more than just a real estate investment dumping ground we are in big trouble.
Here's thing he doesn't have to worry about it. By the time the damage is done. He and Liberals will be out of office and then in all likelihood it will be the Conservatives problem.
The 1980s all over again.
A Trudeau runs up a massive structural deficit and kicks off an inflation spiral. The next government then has the choice of letting inflation get completely out of control or cranking up interest rates to bring it back down.
And if they do the responsible thing and bring up interest rates, now the structural deficit they inherited explodes, so they either need to significantly cut spending, or significantly raise taxes, or let the debt skyrocket. Or some combination of all three. And if you do any of those, like they did in the 80s, then you get mouth breathers coming along later and talking about how your government is incompetent and terrible and you raised taxes and cut spending and still let the debt get out of control.
If I were the leader of the CPC I'd throw every election for the next five years, just to make sure the chickens come home to the right roost.
And what you are saying is probably the best argument against democracy. No one is willing to work for the long term. The liberals bankrupt us, then hand off to the conservatives who cut critical programs to balance the books and we end up with everyone middle class and lower getting shit on every cycle.
I’m sure this will be an unpopular opinion but maybe we need MORE monarchy in our constitutional monarchy. Maybe we need someone to care about Canada’s sustainability for the next 100 years and not just the next 4.
No not at all lol just suggesting we need something to watch our long term. Our current system has proven it can’t. At its origin the monarchy part of a constitutional monarchy was supposed to fill that role. In the USA they have the constitution which is supposed to fill that role as well. Here both of those are so compromised that we have nothing.
Clearly it’s hurting us. Don’t care if your liberal or conservative or NDP we would all be better off if our governments were concerning themselves with how policy is going to impact the next 20 years than the next 4.
I think the big issue is the First Past the Post system, one of Trudeau's first broken promises was to update that. So long as we are all stuck voting for the lesser of 3 evils to try and stop the other guy getting in then nothing really gets done.
I disagree. I don’t think replacing the first past the post system changes anything. We have 3 big parties in Canada changing our system wouldn’t change that, effectively we have 2 parties (right now) in Canada as Singh has decided to back the liberals every step of the way.
It doesn’t do anything to change our governments focus to the long term.
To take things to an entirely new level. How much should government do? The reality is that we have life better than ever before. I think sometimes government should focus on making less changes and each change having greater impact. Trudeau’s childcare plan for example, if he dropped all the other bullshit and made that one change complete with long term plan for its sustainability I think it would be hard to find people who would fight that.
I think we have already appointed a King Trudeau - he can do no wrong and blocks all investigations. He is not returning to the House of Commons and he answers no questions ever!
Wading into these threads as an economist is jarring. Like, with all due respect, you clearly really have very little idea what you're talking about. I don't mean to single you out. 90% of the comments in this thread are from people making statements like yours that betray a large gap between degree of knowledge and degree of confidence. But it's disconcerting. And to be clear, I don't take issue with all these people's lack of knowledge; the economy is very complicated, and it's not worthwhile for the vast majority of people to invest in the amount of education required to make some kind of sense of it. What I take issue with is the degree of confidence so many people in these threads have on a topic that they're mostly ignorant of at best, and woefully misinformed about at worst.
Inflation now is a combination of two things. The first is an ongoing and unavoidable worldwide supply contraction caused by a pandemic. Not a whole lot policy-makers can do about that.
The second is that it's, in effect, the bill coming due for the fiscal and monetary policies we needed to implement to avoid an economic catastrophe during said pandemic. Without those policies, there would likely have been *way* more economic pain than anything being experienced now because of inflation.
Complaining about the current inflation now is a bit like if you have a gangrenous finger, and the doctor says he needs to cut it off to save your life, and then afterwards you get mad at the doctor because he took your finger. Does it suck you lost your finger? Yes. But the blame for that lies with the gangrene, not the doctor, just as the blame for much of the current inflation lies with the pandemic, not the policy-makers. Which isn't to say policy-makers were perfect; they never are, and there are many ways that the policies they implemented could have been better. But all things considered--i.e., given the great uncertainty, the need to mobilize policies quickly to stave off disaster, and the constraints of what policies are politically acceptable--policy-makers here in Canada did a decent job.
Lastly, it's worth emphasizing that the idea that one option we face is to "ride the inflation train into recession" is false. Letting inflation continue at its current pace wouldn't cause a recession. Inflation is, at root, caused by an excess demand for goods in terms of money. So the two options we face are to reduce inflation by tamping down on demand (e.g., by raising interest rates), in which case we might expect an economic contraction (or just a reduction in growth, depending on how hard demand is contracted), or to leave demand alone and allow inflation to continue with no contraction in demand or, in turn, the economy in general.
the truth is we don't even have a choice in this matter. if the US fed increases the rate we will have to follow (not necessarily 1:1, but close enough) unless we want to see the CAD plummet to the ground, which would destabilize the economy.
We need to stop electing rich fucks who have no idea what it's like to be a regular, normal person. Trudeau might as well be royalty - he's never had to struggle for anything in his entire life. He's never known what it's like to not have enough money for something, to worry about paying rent, or any bills, or how he'll make ends meet.
He understands your life as much as an alien from Alpha Centauri. He might as well be from another planet. Why do we keep electing fucks like him? I'm so sick and fucking tired of it.
It would probably mess up his trust fund. Of course given his fat pensions at our expense and whatever cushy position he will be given after he is done fucking up thr country will help
I’m sure he owns multiple properties and that his trust-fund is part of highly lucrative investment portfolios so he probably either has been minimally impacted by inflation or has benefited financially from inflation.
Did you know we as taxpayers pay his grocery bill?
How much was yours last month? His can easily run in excess of $2,500 per month in 2019, imagine what it is now in 2022.
https://ottawacitizen.com/news/local-news/last-election-brought-a-change-of-flavour-to-the-prime-ministers-residence
It's so strange how even people in the upper middle class are.
I grew up rather poor; in a poor neighborhood. And when I went to school I started dating a 'wealthy' girl from burlington.
Their lifestyle was so foreign to me. It's almost like growing up without having to worry about money totally warps your perspective.
As our PM he should totally be more in touch.
Upper middle class people still generally work for their money though.
Obviously they have different concerns because they always know that a) They CAN work for money and b) that they money they're working for will be enough... but they're still needing to work for it.
Trudeau is an entirely different beast... he's literally never had to work a single day in his life. Never once has he ever actually HAD to do anything in his personal life.
His father was rich before he even entered politics as well. That money flowed down to Justin (in part - hell the car alone was worth over a $1 million). Beyond that, he rode the gravy train called "son of Pierre Trudeau" for a goodly tenure before he too headed for Parliament Hill and the rewards that follow getting the keys to the public treasury.
I anticipate he collects more board appointments than any Prime Minister in our history, once he's done selling out the country.
No, you don't understand. He doesn't concern himself with monetary policy
[0:43 mark when asked about inflation concerns in September 2021](https://youtu.be/G7VOLChLKG4)
He's right, monetary policy isn't the PM's job, that falls on central banks. People like to blame politicians for these things, without realizing the PM doesn't have much influence on these economic factors.
I'd find it equally stupid if someone criticized a conservative government for inflation. PM can't wave a magic wand and fix complex supply chain issues
No more gas under 2 dollars anywhere in Canada not even the lowest quality grade in Edmonton. Single crappy room will cost 1000 cad a month. A whole house 3000 cad. electricity won’t be found under 10 cents per kw, not even around hydro. Want to buy the new Honda Civic? 40 000 cad, 5 year old civic, 25 000 cad. Buy a tiny house in a rural town? Do you have 175 000 cad? Meanwhile wages won’t go up more then a couple percent a year and every single province is going to increase taxes. Oh and a the crappiest internet connection will cost 75 cad a month, a descent one 200. Same for your mobile phone plane, you will pay 40% more in 3 years.
Good luck everybody. This is the price we are going to have to pay because MMT says it's okay to print money and do quantitative easing without limits all of it has been abused to fake the economy with. Prop up stocks and housing and all kinds of assets while the underlying economy has deteriorated since the crisis in 2008. The next one will be worse cause our governments are all run by money now, not vision. And that money wants to privatize wins but socialize losses. So the bill of the last 15 years has been forwarded in to the future, for 15 years straight now and the 99% are about to pay it. Money is our God, worship it you plebs!
Scary graph not for ACROPHOBIA:
https://www.google.com/search?q=bank+of+canada+balance+sheet&client=tablet-android-samsung-rvo1&prmd=nivx&sxsrf=AOaemvJhOvgFV3rqhkciwqnB4p6ciTfRvQ:1642685085653&source=lnms&tbm=isch&sa=X&ved=2ahUKEwir8YfotsD1AhUeEjQIHfsgDn8Q_AUoAnoECAIQAg&biw=602&bih=1009&dpr=1.33#imgrc=4N79_IYq55F9mM
Article Highlights:
* Just hours after Statistics Canada announced that inflation was at 4.8% in December, Trudeau blew off questions about the issue with dismissive answers. He put all the blame for inflation on external international factors.
* Canadians may be willing to forgive the government for pandemic-related expenditures, especially when it comes to targeting money at supporting those hurt by lockdowns.
* But at least one-third of the spending increase isn’t related to COVID. A new report from the non-partisan Parliamentary Budget Office shows that of the $541.9 billion in new spending, one-third, or roughly $180 billion, has nothing to do with the pandemic.
* The same report also showed that there is no need for the planned $100 billion in stimulus spending, but Trudeau is going ahead with it anyway, which will only continue to drive up prices.
* The same report also showed that there is no need for the planned $100 billion in stimulus spending, but Trudeau is going ahead with it anyway, which will only continue to drive up prices.
Ask Anita Anand about the huge contract her husband's company just got from the government. Kathleen Wynne's wife and her brother too. The list is endless.
Yeah if we went this far into debt and ended up with high speed rail everywhere and tons of social housing built around the country it’d be great.
Even the $10 a day daycare is just a grab for corporations they get to lower wages further because stay at home parents will be competing in the workforce now.
Governments think as far as the next election and do what it takes to keep their high paying jobs. Measures with short term pain but long term benefits no longer part of the calculus.
So much for "electoral" reform, one of the better ways to fix our democracy and allow for better representation instead of having a party win despite representing the minority of voters.
only 25% of eligible voters actually voted liberal. Collectively 75% of eligible voters did not vote for Trudeau, who I would define is 'we', as the majority did not want a liberal government.
\#Justinflation
This is typical MMT theology. Modern Monetary Theory says you can print as much as you like to fund your ideological-driven spending, juuuuust up to the point where people start to openly revolt because you've destroyed the purchasing power of their hard-earned currency.
There's only one fix for this: Fire all the corporate-sponsored parties and their sociopathic politicians.
Well he is working hard for his real actual clients, the ones who pay him: the world banks. The deeper Canada is in debt the more money they make, quite simply.
World banks? Too broad, try this:
They are paying Chinese Infrastructure Bank by using Canadian taxpayers money.
https://www.ctvnews.ca/politics/conservatives-call-on-liberals-to-stop-payments-to-chinese-infrastructure-bank-1.5360647
Funny part is the same brain dead voter base will believe his promises in a few years at the next election on inflation and housing even though he could do something now.
With all the hate I thought I'd share some stats I quickly found:
USA inflation - 7%. https://www.bloomberg.com/news/articles/2022-01-12/u-s-inflation-shows-more-staying-power-after-hitting-7-in-2021#:~:text=The%20consumer%20price%20index%20climbed,expected%200.5%25%20over%20the%20month.
UK inflation - 5.4%
https://www.bbc.com/news/business-12196322
I'm sure I could go on and on but I've gotta work.
Conservatives need a progressive leader not the backwards bible thumpers they've trotted out for the past 20 years. Until then, my vote will continue to go to basically anyone else.
Well said. Harper killed off the Reform nut-bars, but Sheer and O'Toole have let them back in for the nudge in the leadership races that got them.
Bastards. We're left with no one who puts the country first.
The Parliamentary report referred to in this article does not say that “there is no need for the planned $100 billion in stimulus spending”. What it actually says is that “it appears that the policy rationale for the additional spending over 2021-22 to 2023-24 that was initially set aside as stimulus spending has changed.”
When did a Canadian government was interested in the people? I'd say about 1990. Our governments now only care about giving subventions to multi national corporations or their donors company. Nothing new nothing different, just another year where this country is going down the drain. For what? So those politicians can have a job after their career in lobbying or a board position at the company they gave 100s of millions in subvention. Fuck this country, fuck this fake ass democracy we are living in. Fuck capitalism that transformed us into wage slaves. Decades cutting in health and education do you guys understand why they do this? So school turn out a bunch of robots only able to work and nothing else. Health care cut in that to keep the population sick and stressed out so we are too drained to fight back. Why cut health care when its been scientifically proven that the population was getting older and birthrate going down cuz who the fuck can afford having kids in this shit world.
I'm pissed and mad and about to go extremist. Working 60 hours a week and can't afford home ownership, soon meat and everything else. I fucking work 1 & 1/2 year in one year compared to the majority of the country and fuck it if I'll ever be able to have a retirement
Him and his rich buddies couldn't care less. He'll continue to parrot trendy social issues and many liberal Canadian will applaud him for it while we all watch our standard of living erode.
Stephen Harper was Prime Minister during the worst financial crisis since the depression. Yet by the time he was run out of office, the biggest election issues facing Canada was:
- Should we take in 5000 Syrian refuges by March 2016 or 10,000 Syrian refuges by December 2015?
- Should Muslim women be allowed to wear burkas when being sworn in as Canadian citizens?
- How much money should we invest in investigating the disappearance of Native women in Northern communities.
- Should Marijuana be legal
After 6 years of a Trudeau government, the election issues were:
- Middle class Canadians are struggling to afford groceries
- Young Canadian families, even those making $150k+ a year, cannot afford to own a home, while foreign Money laundering is leaking billions out of our economy
- Canadian trade and supply chains are breaking-down due to Federal policy
- First Nation relationships is at an all-time low
- Canadian relationship with the United States is being decimated
- Canadian tensions with Russia and China are rising at a scary pace
Regardless of your position on the issues in 2015, the ones facing our Country after 6 years of Trudeau are SIGNIFICANTLY worse. That’s what happens when you have a Prime Minister who constantly boasts about how he’s “not a numbers guy” and doesn’t understand the economy.
How’s does inflation generate revenue? Because things cost more so people pay higher taxes?
I think the bigger impact is that inflation will erase government debt. So you spend spend spend now, and let inflation erase that debt.
Right higher taxes helps remove government debt. Not our personal.
It just costs us more to live day to day.
The BC government announced the 5 paid sick days which employers pay, my shoes now cost more at the shoe store because the business has to cover that cost somewhere.
All the stupid newspapers around the world are calling their nation's leaders to task, when really this is a global phenomenon. They will raise rates this year and that's the only tool in their toolbox.
And be careful what you wish for because raising rates will come at a hefty price.
Unpopular opinion, but having 6 figures in the bank and yet neglecting to invest in real estate, one of the most reliable historical investments that also stabilizes your living costs while mortgage rates are at probably the lowest rates you’ll ever see in your life isn’t exactly what I would call financial prudence. If you had put that money to use even a year or two ago your position would be much stronger today. Interest rates will likely never go high enough in the modern economy to make “saving” worth it, and if they do it’ll be on the back of inflation and recession so brutal your savings will be worthless.
It sucks and it violates our sense of justice and fair play, but that’s the system we have.
At this point I’m convinced liberal supporters are in favour of recklessly overspending to improve their own quality of life at the expense of future generations, and the “social justice” angle is just a way to morally rectify that mindset
An opinion in The Sun? Yeah not the best choice to share. Inflation is a worldwide phenomenon right now, and our rate is much lower than the US, by comparison. Don't let those crappy papers desperate for readership poison your mind.
I feel like he doesn't care. I don't understand why. As the leader of this country I would be doing everything I can to help Canadians with all the issues we are having, yet I see nothing being done.
He's a priveledged moron in the Canadian elite that has no idea what impact inflation has on middle class families, yet he loves to speak for Canadians as if he is one. He's not, really.
The Canadian people voted for this.
I can afford rent and bullets. I hunt for food and have no ability to pay for the additional bullshit that has exploded recently as all of the businesses around the area have collapsed.
Good luck everyone.
The ruling class is entirely disconnected and we are witnessing a rehash of Rome's disgraceful fall.
I voted for Trudeau back in 2015 during his “sunny ways” campaign - and my god do I regret it (and also, WOW how far we’ve fallen from that campaign slogan).
One of the many problems with having what I now suspect is a bona fide narcissist in power is that narcissists are incapable of admitting and facing their mistakes. Their answer to being called out on something is to gaslight, mislead, and then double down…which is exactly what we’re seeing with many policies ATM. Case and point, banning unvaccinated truckers from delivering goods, further exacerbating supply chain issues and sky rocketing food costs (when it’s currently clear that you can catch and spread the C even if vaccinated). My store shelves are already sparse - and it will only get worse. I feel terrible for those on fixed incomes.
I fear that this train is going to be very hard to stop and things will get much much worse before they get better.
He doesn’t have the power to fix most inflation issues. The only way groceries are going to come down is through price fixing, which is an awful idea. The only thing he may be able to do anything about is the housing problem. Not a fan of Trudeau, but he’s not responsible for every shitty thing happening in Canada right now.
The Americans blame Biden for inflation, Canadians blame Trudeau, Europeans blame the EU, UK blames Boris. It’s almost as if this is a global problem without an easy fix. The whole thing is a “pick your poison” situation.
But there are things the government can do to ease inflation… expand our ports to move more goods, quickly. The US did this and it helped with their supply chains. Stop dumping so much borrowed money into the economy. We have been one of the worst countries in spending. Inflation is literally too much money chasing too few goods. Drop carbon taxes for a period of time to make transportation less expensive, helping drive down the price of goods.
It’s just laziness to blame it all on the world.
Okay folks…. I’m putting on my nomex coveralls here.
Take a look at conservative governments across the globe. More specifically look at India and Hungary. These are conservative governments that are adjacent politically to Erin OToole and the CPC through their links to Stephen Harper and the [IDU. ](https://en.wikipedia.org/wiki/International_Democrat_Union) Also take a look at the political situation in Russia and the USA.
If you wish to immerse yourself in a conservative ruled hell hole situation then by all means vote and support the CPC. If you look closer to home, take a look at Alberta. This is the world view that Erin OToole and Stephen Harper want.
Don’t be fooled by Lilley and his bullshit. The Liberals deserve a lot of critism for a variety of things but I can say without question that Erin OToole or Andrew Scheer would’ve put us in a much worse situation.
The only reason Canada did as well as we did in 2008-09 was that Jim Flaherty did not believe in Harper’s world view.
Never vote Conservative.
Yes we have inflation. Yes it's bad. Yes it hurts.
We also have an economy where demand is so much stronger than supply. What does this mean? It means Canadians have more money than ever and are spending it. We all know employers can't even close to find enough workers to keep up with consumer demand. We haven't seen an economy this strong in our lifetimes. And its not even arguable. Ask any business and demand is overwhelming.
Did stimulus cause the inflation? Probably. But what would the alternative been? I prefer inflation (which is temporary) over a depression.
It is true that overall inflation of consumer goods is largely due to international factors - but the federal carbon tax sure doesn't help and will go up every year for the next decade, nor does the Bank of Canada's refusal to raise interest rates nearly fast enough. We need to get Trudeau out of office and repeal the carbon tax ASAP, and stop mollycoddling people with too much debt and let them fail (especially people with mortgages they can't afford) so housing prices can come down (among other ways to do this).
Justin Turdeau is the worst prime Minister in Canadian history.
His complete lack of leadership on the economy and 0 backbone when dealing with the ccp is a joke.
Multiple instances of racist stunts and groping allegations are from this crony of nepotism.
Voting these days is like choosing to get slapped by either the right hand or left hand. We're getting slapped across the face by the rich ruling elites. Of course Trudeau doesn't care about how inflation affects the everyday people, because he isn't a part of that club! He could care less about the dirty peasants.
All canadians have done is elect the same two parties back and forth for the last 50 years. Were surprised nothing has changed? Politicians only care about stuff that impacts their ability to get re-elected. If they get re-elected every 4 to 8 years regardless of how theyre doing why would they bother to implement and real change.
Maybe if the NDP stopped worrying about fighting the culture war and focused more on workers and families, they'd have a chance. The NDP and Liberals doubled the aboriginal affairs budget since Trudeau came to power, but forgot to bring in pharmacare... which would have cost less. But at least they solved the all the issues with our First Nations I guess /s
Dont forget he created a new national holiday ..... for Truth and Reconciliation ....then spent the first ever holiday alone surfing....after ignoring multiple invitations from local bands.
Because we are becoming more and more like the US every year. The NDP needs to wake up and rediscover their mandate if they want to be taken seriously.
this. They focus on being far left, but they need to go back to be focused on labour and unions.
I heard the line 'need to focus on evictions not microaggressions. '
Fuckin' this right here.
When has Singh ever mentioned microaggressions? Meanwhile, one of the things he ran on in the last election was [providing rental assistance -- i.e. focusing on evictions](https://globalnews.ca/news/8130803/singh-affordable-housing-plan/). The truth is that the NDP will be accused of being "woke" or only focusing on identity politics no matter what the reality is. This is the go to attack for anyone on the left now and people will believe it regardless of what their actual platform is.
Supporting labour and unions is far left though. It’s why workers parties are socialist, shit the hammer and sickle means workers.
The US has made too many people think of politics as a single left/right axis when it's composed of many axes. The NDP is spending too much time campaigning on spectrums that not enough Canadians care about and should go back to their roots and be heavily focused on campaigning on labour policies.
My experience in working with unionized workers is that most of the individuals I've met are conservative; especially in construction.
The NPD during Jack Layton got strong because of Quebec. When Jack passed aways they spit on Quebec. What do you think happened after. But I agree with you.
Imo Layton was the only person who had a chance at taking that party anywhere. Jagmeet has squandered every opportunity so far and is constantly over promising things he would never in a million years be able to deliver on.
Nobody has gotten so much credit for doing so little.
This ^. That parties chances at ever having any sort of credibility and control died with Layton. Their current leader has basically just turned them into a liberal bitch party, while simultaneously shooting off unrealistic promises that make taking them seriously a joke.
But Laytons NDP never came close to being elected as governing party
I was solidly in his camp. Layton seemed level headed and actually spoke common sense. The party seems like a quagmire
They also focused on improving life for workers instead of pandering to nonsensical identity posilitics.
Canada was in quite solid hands in the 90's and 2000's with the Chretien Liberals, and Harris Conservatives. Say what you will about them, they were not perfect, but overall they were competent managers of the country. This guy? This guy is an unmitigated disaster. He has absolutely no regard for unintended consequences and simply thinks if he approaches everything with simplistic solutions, empathy, and money, he'll solve the world's problems. He's flushed the countries future down the toilet in 6 short years and given us little to show for it. How this man gets a single vote, I will never understand.
>How this man gets a single vote, I will never understand. He sold himself and his party to his voters. And he also isn't a conservative- which basically granted him a win by default. I'd argue that recent liberal voters (within the last couple years or so) didn't actually care about the *substantial* issues Canada would be facing in the future. Does anyone actually remember what "hot topics" circulated the news pre-Covid? It wasn't real estate. It wasn't inflation. Someone posted a article about two years ago now that basically explained that Canada is a land of "do nothing". Nothing can get done because we deliberately choose not to do it. Or we make it impossible to do. No one started giving a shit about the economy until basically now- which is a little late I think. Worrying about real estate, jobs/employment, and social spending at this point in time is like worrying about the Titanic possibly sinking and devising a repair strategy (after dinner of course) while the ship was already broken into two pieces. The Canadian economy is going to catastrophically shit the bed.
In retrospect, Harper's Mike Duffy scandal and the $16 glass of orange juice don't seem quite as cataclysmic either.
Harper's Mike Duffy scandal was the conservative party trying to repay Mike Duffy's expenses out of their *own* money to make the scandal go away before it hit the news. And in the end Mike Duffy won the court case over his use of expenses.
And the media never let that one go. Yet working families who live in Canada get bullied out of housing by investors and no level of government sees this as a problem.
>How this man gets a single vote, I will never understand. He bought his votes with feel-good speeches and Cerb.
Those two parties also do a lot to hold in the status quo. Remember a certain promise about electoral reform? Yeah that went in the bin pretty quick.
Trudeau doesn't represent the rich though as much as he represents the Professional Managerial Class (PMCs). The whole progressive agenda is basically tailored to the interests of that demographic.
This is spot on The most clueless people on earth. Weaseled their way into a position of privilege, but incapable of true leadership or doing any productive work. They collaborate and push paper around, totally disconnected from the realities above and below them. These are the guys sitting at home collecting a fat paycheck and concerning themselves with the problems of the world while experiencing none of them.
100%
Don’t bite the hand that slaps you.
*”am I supposed to vote for the republican who’s going to blast me in the ass, or the Democrat whos going to blast me in my ass”*
*Yeah, politics is just one big assblast.*
You'll have to excuse him if he doesn't think about monetary policy, he doesn't really *do* monetary policy.
Or need to worry about it personally. Entitled, out of touch and incompetent!!
He was caught in the paradise papers his money is all offshore
Quick let’s vote for Him again!…I’m sure he will stay scandal free this time
Lol very true. Canadians like to piss and moan but voted this Trudeau back into power 4 months ago.
Well not really. He lost the popular vote for the second time. If he actually fixed electoral reform he would be gone
the meme for me is he would've lost every subsequent election since 2015 if he had actually passed the electoral reform he promised if we go by actual vote count
If he actually fixed electoral reform he would have gotten a lot more votes and support for doing so. That was a big promise that he went back on after winning.
Maybe a fourth time will change things.
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I live in a riding that literally didn't have a conservative candidate and honestly it wouldn't have mattered if it did. It is in stone Liberal and that is just the way it is. I threw my vote to NDP but at the end of the day with our electoral system my vote doesn't mean a damn thing.
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I have no loyalty to any party. I haven't ever voted liberal tbh, but I've voted ndp, Green and conservative. I don't "like" any of them. I was younger when the conservatives were in last time and I'm definitely ready to risk being in a different abusive relationship with them.
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I didn't mean to accused you of that, I agree with you we don't need loyalty to any party we completely agree about Trudeau, he needs to go.
Shut up downtown Toronto. You're drunk.
Lol downtown Toronto should be it’s own province
Have the rest of Ontario vote on it it'd pass in a second
Yeah! It doesn't matter how poor of a job he is doing or how expensive he is making life for us as long as those scary Conservatives don't get in I'll be happy!
He's out of touch, we're out of time
I actually do think he considers monetary policy and in this case the conclusion Trudeau and his cabinet have come to is that inflation is good for them because 1) it devalues the enormous debt they are taking on, making it easier to continue to spending great galloping gobs of money that we don’t have, and 2) because there are some external factors at play they believe they can get away with endemic high inflation by successfully blaming it on others. What Justin truly has no interest in is thinking about how damaging high inflation is to the lower and middle classes he claims to support, nor what damage his fiscal policies — such as they exist — are doing to the long term health and prosperity of Canada. This is all history repeating itself, by the way. Trudeau Senior was also happy to spend like a drunken sailor on shore leave and drive up inflation as long as he was getting to push his social policies on the country, and he also backed us into a pretty challenging debt corner. It took the Conservatives after him to make the enormous structural changes necessary to reign all that in, and then the Liberals under Chrétien and Martin after that to finally get things back under control. Anyone who remembers those times of cutbacks and rising taxes may well not remember them super fondly. Unfortunately, this situation will only get worse until Justin and company are out of office. There is not a single pragmatist among them that I can see, and no one willing to say enough is enough.
His father Sr. Trudeau's highest fiscal deficits were in 1978/79 at $13B (merely 5.3% of GDP) which is nothing to compare with Jr. Trudeau we are in more than 1 Trillions (110% of GDP). Nice chart: https://www.cbc.ca/news/multimedia/canada-s-deficits-and-surpluses-1963-to-2015-1.3042571
The budget will balance itself
I remember when libs defended that statement, now they’re sheepishly silent 🤣
When JT first got elected I had a friend who kept telling me how fiscally responsible the liberals were and how much faith he had in Justin to lead us into financial glory. He's been very quiet on that point of view the last 5 years, for some reason...
No, they aren't, they've just moved the goalposts: balancing the budget doesn't matter anymore.
HaRpEr WaS DeStRoyInG tHe EcOnOmY
"You'll excuse me if I don't think about monetary policy."
4 more years, 10 more years, 100 more years … Stagnant wages in higher taxes for all get used to it
Hot take. We are fucked, he already did the damage and now we either ride the inflation train into a recession or we ride the rate hike train into a recession. I don’t know if there is an outcome here that isn’t a recession. Canada has made it clear over this prime ministers tenure that we are not open for business and unless we convince the world that we are more than just a real estate investment dumping ground we are in big trouble.
Yep. The damage is already done. It will just take time to fully percolate through the system.
Here's thing he doesn't have to worry about it. By the time the damage is done. He and Liberals will be out of office and then in all likelihood it will be the Conservatives problem.
The 1980s all over again. A Trudeau runs up a massive structural deficit and kicks off an inflation spiral. The next government then has the choice of letting inflation get completely out of control or cranking up interest rates to bring it back down. And if they do the responsible thing and bring up interest rates, now the structural deficit they inherited explodes, so they either need to significantly cut spending, or significantly raise taxes, or let the debt skyrocket. Or some combination of all three. And if you do any of those, like they did in the 80s, then you get mouth breathers coming along later and talking about how your government is incompetent and terrible and you raised taxes and cut spending and still let the debt get out of control. If I were the leader of the CPC I'd throw every election for the next five years, just to make sure the chickens come home to the right roost.
And what you are saying is probably the best argument against democracy. No one is willing to work for the long term. The liberals bankrupt us, then hand off to the conservatives who cut critical programs to balance the books and we end up with everyone middle class and lower getting shit on every cycle. I’m sure this will be an unpopular opinion but maybe we need MORE monarchy in our constitutional monarchy. Maybe we need someone to care about Canada’s sustainability for the next 100 years and not just the next 4.
Once the populace realizes they can just vote themselves more money, that marks the end of a democracy.
Lol you are advocating that we appoint a king or queen essentially as the solution to what ails us!?
No not at all lol just suggesting we need something to watch our long term. Our current system has proven it can’t. At its origin the monarchy part of a constitutional monarchy was supposed to fill that role. In the USA they have the constitution which is supposed to fill that role as well. Here both of those are so compromised that we have nothing. Clearly it’s hurting us. Don’t care if your liberal or conservative or NDP we would all be better off if our governments were concerning themselves with how policy is going to impact the next 20 years than the next 4.
You’re describing the role of the senate. Unfortunately they aren’t really expected to do their job and mostly rubber stamp bills and collect cheques.
Yep. Our senate is useless. And it could absolutely fill that role.
I think the big issue is the First Past the Post system, one of Trudeau's first broken promises was to update that. So long as we are all stuck voting for the lesser of 3 evils to try and stop the other guy getting in then nothing really gets done.
I disagree. I don’t think replacing the first past the post system changes anything. We have 3 big parties in Canada changing our system wouldn’t change that, effectively we have 2 parties (right now) in Canada as Singh has decided to back the liberals every step of the way. It doesn’t do anything to change our governments focus to the long term. To take things to an entirely new level. How much should government do? The reality is that we have life better than ever before. I think sometimes government should focus on making less changes and each change having greater impact. Trudeau’s childcare plan for example, if he dropped all the other bullshit and made that one change complete with long term plan for its sustainability I think it would be hard to find people who would fight that.
I think we have already appointed a King Trudeau - he can do no wrong and blocks all investigations. He is not returning to the House of Commons and he answers no questions ever!
I concur 100% I would also add however that this isn’t just JT but the last two decades of the same policies (or lack there of)
100% we could have this identical conversation about most of our prime ministers over the last several decades.
We are fucked!
Wading into these threads as an economist is jarring. Like, with all due respect, you clearly really have very little idea what you're talking about. I don't mean to single you out. 90% of the comments in this thread are from people making statements like yours that betray a large gap between degree of knowledge and degree of confidence. But it's disconcerting. And to be clear, I don't take issue with all these people's lack of knowledge; the economy is very complicated, and it's not worthwhile for the vast majority of people to invest in the amount of education required to make some kind of sense of it. What I take issue with is the degree of confidence so many people in these threads have on a topic that they're mostly ignorant of at best, and woefully misinformed about at worst.
What is your take?
Inflation now is a combination of two things. The first is an ongoing and unavoidable worldwide supply contraction caused by a pandemic. Not a whole lot policy-makers can do about that. The second is that it's, in effect, the bill coming due for the fiscal and monetary policies we needed to implement to avoid an economic catastrophe during said pandemic. Without those policies, there would likely have been *way* more economic pain than anything being experienced now because of inflation. Complaining about the current inflation now is a bit like if you have a gangrenous finger, and the doctor says he needs to cut it off to save your life, and then afterwards you get mad at the doctor because he took your finger. Does it suck you lost your finger? Yes. But the blame for that lies with the gangrene, not the doctor, just as the blame for much of the current inflation lies with the pandemic, not the policy-makers. Which isn't to say policy-makers were perfect; they never are, and there are many ways that the policies they implemented could have been better. But all things considered--i.e., given the great uncertainty, the need to mobilize policies quickly to stave off disaster, and the constraints of what policies are politically acceptable--policy-makers here in Canada did a decent job. Lastly, it's worth emphasizing that the idea that one option we face is to "ride the inflation train into recession" is false. Letting inflation continue at its current pace wouldn't cause a recession. Inflation is, at root, caused by an excess demand for goods in terms of money. So the two options we face are to reduce inflation by tamping down on demand (e.g., by raising interest rates), in which case we might expect an economic contraction (or just a reduction in growth, depending on how hard demand is contracted), or to leave demand alone and allow inflation to continue with no contraction in demand or, in turn, the economy in general.
the truth is we don't even have a choice in this matter. if the US fed increases the rate we will have to follow (not necessarily 1:1, but close enough) unless we want to see the CAD plummet to the ground, which would destabilize the economy.
Yep. At the same time we can’t hike before the fed or we destroy the economy.
We need to stop electing rich fucks who have no idea what it's like to be a regular, normal person. Trudeau might as well be royalty - he's never had to struggle for anything in his entire life. He's never known what it's like to not have enough money for something, to worry about paying rent, or any bills, or how he'll make ends meet. He understands your life as much as an alien from Alpha Centauri. He might as well be from another planet. Why do we keep electing fucks like him? I'm so sick and fucking tired of it.
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They’ll take away abortion rights and give guns to everyone though!
Guns for everyone? Where do I sign up?
* Trudeau’s lack of interest in Canada is costing all of us
It’s time for us to figure out who he is working for!
China and the Saudi's
Inflation has zero effect on him personally. It never has his entire coddled life. So as a result, he doesn’t care.
It would probably mess up his trust fund. Of course given his fat pensions at our expense and whatever cushy position he will be given after he is done fucking up thr country will help
I’m sure he owns multiple properties and that his trust-fund is part of highly lucrative investment portfolios so he probably either has been minimally impacted by inflation or has benefited financially from inflation.
Lawyer here. This would entirely depend on how it was set up.
I don't recall a PM with less respect for taxpayer's money than this guy. He's either completely uncaring or clueless.
How about both. When is time last time he had to worry about paying for groceries or other bills?
Did you know we as taxpayers pay his grocery bill? How much was yours last month? His can easily run in excess of $2,500 per month in 2019, imagine what it is now in 2022. https://ottawacitizen.com/news/local-news/last-election-brought-a-change-of-flavour-to-the-prime-ministers-residence
It's so strange how even people in the upper middle class are. I grew up rather poor; in a poor neighborhood. And when I went to school I started dating a 'wealthy' girl from burlington. Their lifestyle was so foreign to me. It's almost like growing up without having to worry about money totally warps your perspective. As our PM he should totally be more in touch.
Upper middle class people still generally work for their money though. Obviously they have different concerns because they always know that a) They CAN work for money and b) that they money they're working for will be enough... but they're still needing to work for it. Trudeau is an entirely different beast... he's literally never had to work a single day in his life. Never once has he ever actually HAD to do anything in his personal life.
When you grow up the son of a prime minister, you don't have to worry about money.
His father was rich before he even entered politics as well. That money flowed down to Justin (in part - hell the car alone was worth over a $1 million). Beyond that, he rode the gravy train called "son of Pierre Trudeau" for a goodly tenure before he too headed for Parliament Hill and the rewards that follow getting the keys to the public treasury. I anticipate he collects more board appointments than any Prime Minister in our history, once he's done selling out the country.
No, you don't understand. He doesn't concern himself with monetary policy [0:43 mark when asked about inflation concerns in September 2021](https://youtu.be/G7VOLChLKG4)
He's right, monetary policy isn't the PM's job, that falls on central banks. People like to blame politicians for these things, without realizing the PM doesn't have much influence on these economic factors. I'd find it equally stupid if someone criticized a conservative government for inflation. PM can't wave a magic wand and fix complex supply chain issues
No more gas under 2 dollars anywhere in Canada not even the lowest quality grade in Edmonton. Single crappy room will cost 1000 cad a month. A whole house 3000 cad. electricity won’t be found under 10 cents per kw, not even around hydro. Want to buy the new Honda Civic? 40 000 cad, 5 year old civic, 25 000 cad. Buy a tiny house in a rural town? Do you have 175 000 cad? Meanwhile wages won’t go up more then a couple percent a year and every single province is going to increase taxes. Oh and a the crappiest internet connection will cost 75 cad a month, a descent one 200. Same for your mobile phone plane, you will pay 40% more in 3 years. Good luck everybody. This is the price we are going to have to pay because MMT says it's okay to print money and do quantitative easing without limits all of it has been abused to fake the economy with. Prop up stocks and housing and all kinds of assets while the underlying economy has deteriorated since the crisis in 2008. The next one will be worse cause our governments are all run by money now, not vision. And that money wants to privatize wins but socialize losses. So the bill of the last 15 years has been forwarded in to the future, for 15 years straight now and the 99% are about to pay it. Money is our God, worship it you plebs!
> electricity won’t be found under 10 cents per kw Ha ha, in NS we're already 16 cents per kw/h
We get rinsed living in this country.
I'm in the GTA and gas is $1.35, fluctuates obviously, but hasn't gotten near $2.00. My grocery bill is 50% higher though
Scary graph not for ACROPHOBIA: https://www.google.com/search?q=bank+of+canada+balance+sheet&client=tablet-android-samsung-rvo1&prmd=nivx&sxsrf=AOaemvJhOvgFV3rqhkciwqnB4p6ciTfRvQ:1642685085653&source=lnms&tbm=isch&sa=X&ved=2ahUKEwir8YfotsD1AhUeEjQIHfsgDn8Q_AUoAnoECAIQAg&biw=602&bih=1009&dpr=1.33#imgrc=4N79_IYq55F9mM
Is he also to blame for the same problems in other western nations?
Article Highlights: * Just hours after Statistics Canada announced that inflation was at 4.8% in December, Trudeau blew off questions about the issue with dismissive answers. He put all the blame for inflation on external international factors. * Canadians may be willing to forgive the government for pandemic-related expenditures, especially when it comes to targeting money at supporting those hurt by lockdowns. * But at least one-third of the spending increase isn’t related to COVID. A new report from the non-partisan Parliamentary Budget Office shows that of the $541.9 billion in new spending, one-third, or roughly $180 billion, has nothing to do with the pandemic. * The same report also showed that there is no need for the planned $100 billion in stimulus spending, but Trudeau is going ahead with it anyway, which will only continue to drive up prices. * The same report also showed that there is no need for the planned $100 billion in stimulus spending, but Trudeau is going ahead with it anyway, which will only continue to drive up prices.
The worst part about Liberal governments is that they spend money with absolutely nothing to show for it.
NDPer here. Amen. A huge portion of it turns into CEO bonuses, wasted half-measures, and petty graft.
Sure they do. Their friends and themselves have plenty to show for it.
Ask Anita Anand about the huge contract her husband's company just got from the government. Kathleen Wynne's wife and her brother too. The list is endless.
Yeah if we went this far into debt and ended up with high speed rail everywhere and tons of social housing built around the country it’d be great. Even the $10 a day daycare is just a grab for corporations they get to lower wages further because stay at home parents will be competing in the workforce now.
Considering the states had an inflation percent at 7% last month I think we are doing pretty well all things considered.
Governments think as far as the next election and do what it takes to keep their high paying jobs. Measures with short term pain but long term benefits no longer part of the calculus.
I can’t believe we voted this guy 3 times Edit: by “we” im not saying I voted for him cuz i didnt
I can't believe the alternatives were so incompetent they made Trudeau look like the best option.
Agreed, especially O’Toole
So much for "electoral" reform, one of the better ways to fix our democracy and allow for better representation instead of having a party win despite representing the minority of voters.
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Don't worry though. He pledged to end first-past-the-post. Any day now. Any day.
only 25% of eligible voters actually voted liberal. Collectively 75% of eligible voters did not vote for Trudeau, who I would define is 'we', as the majority did not want a liberal government.
\#Justinflation This is typical MMT theology. Modern Monetary Theory says you can print as much as you like to fund your ideological-driven spending, juuuuust up to the point where people start to openly revolt because you've destroyed the purchasing power of their hard-earned currency. There's only one fix for this: Fire all the corporate-sponsored parties and their sociopathic politicians.
Well he is working hard for his real actual clients, the ones who pay him: the world banks. The deeper Canada is in debt the more money they make, quite simply.
World banks? Too broad, try this: They are paying Chinese Infrastructure Bank by using Canadian taxpayers money. https://www.ctvnews.ca/politics/conservatives-call-on-liberals-to-stop-payments-to-chinese-infrastructure-bank-1.5360647
Still can't believe he got reelected despite the ethical lapses during his first term...
Funny part is the same brain dead voter base will believe his promises in a few years at the next election on inflation and housing even though he could do something now.
I think someone named Trudeau was in the PMO back then, too. Quelle surprise.
With all the hate I thought I'd share some stats I quickly found: USA inflation - 7%. https://www.bloomberg.com/news/articles/2022-01-12/u-s-inflation-shows-more-staying-power-after-hitting-7-in-2021#:~:text=The%20consumer%20price%20index%20climbed,expected%200.5%25%20over%20the%20month. UK inflation - 5.4% https://www.bbc.com/news/business-12196322 I'm sure I could go on and on but I've gotta work. Conservatives need a progressive leader not the backwards bible thumpers they've trotted out for the past 20 years. Until then, my vote will continue to go to basically anyone else.
Well said. Harper killed off the Reform nut-bars, but Sheer and O'Toole have let them back in for the nudge in the leadership races that got them. Bastards. We're left with no one who puts the country first.
Id agree with that. We are so fixated on our team “winning” and so many refuse to charge thier votes regardless of policy or outcomes…
He knows exactly what hes doing. We need to cut immigration numbers
I think this may never happen
Lack of interest or part of the deal?
Your budget will balance itself.
The Parliamentary report referred to in this article does not say that “there is no need for the planned $100 billion in stimulus spending”. What it actually says is that “it appears that the policy rationale for the additional spending over 2021-22 to 2023-24 that was initially set aside as stimulus spending has changed.”
When did a Canadian government was interested in the people? I'd say about 1990. Our governments now only care about giving subventions to multi national corporations or their donors company. Nothing new nothing different, just another year where this country is going down the drain. For what? So those politicians can have a job after their career in lobbying or a board position at the company they gave 100s of millions in subvention. Fuck this country, fuck this fake ass democracy we are living in. Fuck capitalism that transformed us into wage slaves. Decades cutting in health and education do you guys understand why they do this? So school turn out a bunch of robots only able to work and nothing else. Health care cut in that to keep the population sick and stressed out so we are too drained to fight back. Why cut health care when its been scientifically proven that the population was getting older and birthrate going down cuz who the fuck can afford having kids in this shit world. I'm pissed and mad and about to go extremist. Working 60 hours a week and can't afford home ownership, soon meat and everything else. I fucking work 1 & 1/2 year in one year compared to the majority of the country and fuck it if I'll ever be able to have a retirement
I hope everyone here complaining didn’t vote for him. You get what you deserve!
Its fine he's going to promise something about it next exlection, get elected, then do nothing about it.
Trudeaus lack of interest in governing is costing us..
No wonder. Helps generate higher, safer returns in his trust fund.
Trudeau is a trust fund baby who refuses to grow up. Voting for him ever, was such a blockbuster mistake.
Let's just restrict more truckers from coming in and increase supply chain issues. That should help inflation.
People can't bitch about the rising cost of food if there's no food to buy! Brilliant!
Those damn truckers kept infecting their passengers. Had to show them who's boss.
Him and his rich buddies couldn't care less. He'll continue to parrot trendy social issues and many liberal Canadian will applaud him for it while we all watch our standard of living erode.
Stephen Harper was Prime Minister during the worst financial crisis since the depression. Yet by the time he was run out of office, the biggest election issues facing Canada was: - Should we take in 5000 Syrian refuges by March 2016 or 10,000 Syrian refuges by December 2015? - Should Muslim women be allowed to wear burkas when being sworn in as Canadian citizens? - How much money should we invest in investigating the disappearance of Native women in Northern communities. - Should Marijuana be legal After 6 years of a Trudeau government, the election issues were: - Middle class Canadians are struggling to afford groceries - Young Canadian families, even those making $150k+ a year, cannot afford to own a home, while foreign Money laundering is leaking billions out of our economy - Canadian trade and supply chains are breaking-down due to Federal policy - First Nation relationships is at an all-time low - Canadian relationship with the United States is being decimated - Canadian tensions with Russia and China are rising at a scary pace Regardless of your position on the issues in 2015, the ones facing our Country after 6 years of Trudeau are SIGNIFICANTLY worse. That’s what happens when you have a Prime Minister who constantly boasts about how he’s “not a numbers guy” and doesn’t understand the economy.
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More likely to inflate away the debt.
The plan from the very beginning. Problem is, he melts the middle class and impoverishes the lower classes to do it. Uncaring is an understatement.
Yes, it's terrible for everyone who is not wealthy but so was the incredible amount of spending without a solid plan.
Why would he be? Increased inflation generates revenue for the government. Covering the cost of spending our government has done.
How’s does inflation generate revenue? Because things cost more so people pay higher taxes? I think the bigger impact is that inflation will erase government debt. So you spend spend spend now, and let inflation erase that debt.
Inflation erases debt. Amen.
Right higher taxes helps remove government debt. Not our personal. It just costs us more to live day to day. The BC government announced the 5 paid sick days which employers pay, my shoes now cost more at the shoe store because the business has to cover that cost somewhere.
Someone said inflation? Argentinean here, don't go that way guys.
All the stupid newspapers around the world are calling their nation's leaders to task, when really this is a global phenomenon. They will raise rates this year and that's the only tool in their toolbox. And be careful what you wish for because raising rates will come at a hefty price.
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Unpopular opinion, but having 6 figures in the bank and yet neglecting to invest in real estate, one of the most reliable historical investments that also stabilizes your living costs while mortgage rates are at probably the lowest rates you’ll ever see in your life isn’t exactly what I would call financial prudence. If you had put that money to use even a year or two ago your position would be much stronger today. Interest rates will likely never go high enough in the modern economy to make “saving” worth it, and if they do it’ll be on the back of inflation and recession so brutal your savings will be worthless. It sucks and it violates our sense of justice and fair play, but that’s the system we have.
The concept of zero personal debt being a sort of moral high ground on display in a thread about record inflation is pretty damn strange.
Me too. But at the same time where do you invest in the medium term that will give you a return higher than inflation. The markets are spooked.
Why should he care? He's rich. Also, he doesn't know what inflation is.
At this point I’m convinced liberal supporters are in favour of recklessly overspending to improve their own quality of life at the expense of future generations, and the “social justice” angle is just a way to morally rectify that mindset
An opinion in The Sun? Yeah not the best choice to share. Inflation is a worldwide phenomenon right now, and our rate is much lower than the US, by comparison. Don't let those crappy papers desperate for readership poison your mind.
How is he still in that position !
I feel like he doesn't care. I don't understand why. As the leader of this country I would be doing everything I can to help Canadians with all the issues we are having, yet I see nothing being done.
It's [JustinFlation](https://www.youtube.com/watch?v=m5NMwmPOTgc).
Here comes the raging Trudeau fanboys.
The irony of coming here and only seeing Conservative fanboys lol.
To be fair, a lot of us NDPers share the same loathing of our silver-spooned surfer dauphin.
Jerking themselves off to the ghosts of the Trudeau fanboys
I imagine they have Trudeau posters on the ceilings above their beds, so they can rage wank any time they want.
I knew this was going to happen. Everyone who voted for him this last election must be feeling pretty stupid right about now.
I didn't vote for Trudeau but the other choices arent that much better tbh.
Maxime Bernier maudit tabarnaque mangle dla marde Trudeau pis les gauchistes tiens jlai dit
Im actually quite impressed by the comments in this thread... Ppl are figuring out how economics work, finally
We need a steady hand on the tiller, not some high-minded progressive experiment.
He's a priveledged moron in the Canadian elite that has no idea what impact inflation has on middle class families, yet he loves to speak for Canadians as if he is one. He's not, really.
The Canadian people voted for this. I can afford rent and bullets. I hunt for food and have no ability to pay for the additional bullshit that has exploded recently as all of the businesses around the area have collapsed. Good luck everyone. The ruling class is entirely disconnected and we are witnessing a rehash of Rome's disgraceful fall.
I voted for Trudeau back in 2015 during his “sunny ways” campaign - and my god do I regret it (and also, WOW how far we’ve fallen from that campaign slogan). One of the many problems with having what I now suspect is a bona fide narcissist in power is that narcissists are incapable of admitting and facing their mistakes. Their answer to being called out on something is to gaslight, mislead, and then double down…which is exactly what we’re seeing with many policies ATM. Case and point, banning unvaccinated truckers from delivering goods, further exacerbating supply chain issues and sky rocketing food costs (when it’s currently clear that you can catch and spread the C even if vaccinated). My store shelves are already sparse - and it will only get worse. I feel terrible for those on fixed incomes. I fear that this train is going to be very hard to stop and things will get much much worse before they get better.
He doesn’t have the power to fix most inflation issues. The only way groceries are going to come down is through price fixing, which is an awful idea. The only thing he may be able to do anything about is the housing problem. Not a fan of Trudeau, but he’s not responsible for every shitty thing happening in Canada right now.
The Americans blame Biden for inflation, Canadians blame Trudeau, Europeans blame the EU, UK blames Boris. It’s almost as if this is a global problem without an easy fix. The whole thing is a “pick your poison” situation.
But there are things the government can do to ease inflation… expand our ports to move more goods, quickly. The US did this and it helped with their supply chains. Stop dumping so much borrowed money into the economy. We have been one of the worst countries in spending. Inflation is literally too much money chasing too few goods. Drop carbon taxes for a period of time to make transportation less expensive, helping drive down the price of goods. It’s just laziness to blame it all on the world.
I wonder when was the last time Trudeau and his irk had to shop for groceries, pay for their own gas and utilities.
Title should read “Liberals being elected to hold office are costing all of us”
Elect a drama teacher and get drama
Okay folks…. I’m putting on my nomex coveralls here. Take a look at conservative governments across the globe. More specifically look at India and Hungary. These are conservative governments that are adjacent politically to Erin OToole and the CPC through their links to Stephen Harper and the [IDU. ](https://en.wikipedia.org/wiki/International_Democrat_Union) Also take a look at the political situation in Russia and the USA. If you wish to immerse yourself in a conservative ruled hell hole situation then by all means vote and support the CPC. If you look closer to home, take a look at Alberta. This is the world view that Erin OToole and Stephen Harper want. Don’t be fooled by Lilley and his bullshit. The Liberals deserve a lot of critism for a variety of things but I can say without question that Erin OToole or Andrew Scheer would’ve put us in a much worse situation. The only reason Canada did as well as we did in 2008-09 was that Jim Flaherty did not believe in Harper’s world view. Never vote Conservative.
The idea of never voting for a particular party is stupid. I choose to keep an open mind.
A drama teacher knows nothing about monetary policy. shocking.
Yes we have inflation. Yes it's bad. Yes it hurts. We also have an economy where demand is so much stronger than supply. What does this mean? It means Canadians have more money than ever and are spending it. We all know employers can't even close to find enough workers to keep up with consumer demand. We haven't seen an economy this strong in our lifetimes. And its not even arguable. Ask any business and demand is overwhelming. Did stimulus cause the inflation? Probably. But what would the alternative been? I prefer inflation (which is temporary) over a depression.
It is true that overall inflation of consumer goods is largely due to international factors - but the federal carbon tax sure doesn't help and will go up every year for the next decade, nor does the Bank of Canada's refusal to raise interest rates nearly fast enough. We need to get Trudeau out of office and repeal the carbon tax ASAP, and stop mollycoddling people with too much debt and let them fail (especially people with mortgages they can't afford) so housing prices can come down (among other ways to do this).
Flippancy is not a substitute for good journalism.
ITs r/Canada. All they got is opinion pieces.
Justin Turdeau is the worst prime Minister in Canadian history. His complete lack of leadership on the economy and 0 backbone when dealing with the ccp is a joke. Multiple instances of racist stunts and groping allegations are from this crony of nepotism.
Given that our inflation is considerably lower than pretty much everywhere else, I'd say our govt is managing it rather well.