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Is Harper bent on destroying Canada?

Volleyball58

Member
Sep 3, 2005
121
0
16
First of all, he's letting Bank of Canada continue to give out low interest rates.
So the major banks follow suit and Canadians keep buying houses, putting themselves in BIG debt.

Then he signs what is the equivalent of a Free-Trade deal with China.
When China's economy is slowing down, and their housing bubble has burst.

http://www.bbc.co.uk/news/magazine-17390729

I'm no expert and I'm open those that ARE experts to educate me on this.
Why is the idiot hell bent on driving down the Canadian economy?

Volley.
 

JohnLarue

Well-known member
Jan 19, 2005
16,157
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113
Well, if you are no expert and are unsure of yourself, then why are you drawing a conclusion and assigning blame?
 

gargravarrh

Member
Apr 3, 2011
155
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16
The answer is yes. All you need to do is look at how many scientific agencies he's shafted. That alone should be cause for alarm... Even without even electoral fraud, our international reputation in things like the environment, or with regards to being an 'honest' broker to mideast peace, or the 55+ billion dollar deficit he automagically created from a 2B surplus, the jails and jets vs government services policy, or anything else.
 

Volleyball58

Member
Sep 3, 2005
121
0
16
JohnLarue, my conclusions are from numerous articles that I've read, and thus are my opinion. Which I am entitle to.
I asked a question, which you've provided no answer.

Gar, we went from a 2 Billion dollar surplus to a 55 Billion deficit during Harper's term in office? Why is he still there??
 

JohnLarue

Well-known member
Jan 19, 2005
16,157
2,150
113
First of all, he's letting Bank of Canada continue to give out low interest rates.
So the major banks follow suit and Canadians keep buying houses, putting themselves in BIG debt.

Then he signs what is the equivalent of a Free-Trade deal with China.
When China's economy is slowing down, and their housing bubble has burst.

http://www.bbc.co.uk/news/magazine-17390729

I'm no expert and I'm open those that ARE experts to educate me on this.
Why is the idiot hell bent on driving down the Canadian economy?

Volley.
# 1. The bank of Canada sets the interest rate policy based upon their interpretation of the economic data
Harper does not call up Carney & tell him to keep the rates low.

# 2 China is growing faster than any of Canada's trading partners
Signing a deal with them secures a long term increase in trade
So what if they have a housing bubble that pops .
Does that negate the long term trend of increased Chinese demand for products we sell ?
No it does not
Policy decisions should not be based upon short term economic forecasts

#3 Yes , you are no expert
 

JohnLarue

Well-known member
Jan 19, 2005
16,157
2,150
113
the 55+ billion dollar deficit he automagically created from a 2B surplus.
I guess you missed the fact that there was this little thing called a world wide recession
That negatively affected the govt revenues - Hardly Harpers fault
He did increase stimulus spending for a two year period , which you can criticize, if you feel it not the right thing to do
However, before you do, I suggest you think about the size of the deficit had the liberals or (shudder) the NDP had been in charge

You can second guess Harpers policies on a number of issues other than the handling of the economy
Canada has weathered the economic crisis far better than rest of the world
 

Volleyball58

Member
Sep 3, 2005
121
0
16
I Knew it! Thanks for confirming.

by the way, Harper is no Obama.

1) when the China drags down the Canadian economy, and you lose your job, and no more money to hobby. Refer back to this post. I told you so.
2) Why the f$ck are you guys attacking me??? what the hell did I ever do to you?

V.
 

JohnLarue

Well-known member
Jan 19, 2005
16,157
2,150
113
I Knew it! Thanks for confirming.

by the way, Harper is no Obama.

1) when the China drags down the Canadian economy, and you lose your job, and no more money to hobby. Refer back to this post. I told you so.
2) Why the f$ck are you guys attacking me??? what the hell did I ever do to you?

V.
Well
You made some statements not based on facts , but rather based upon your political view and opinion of Harper
Political statements are fair game here, particularly when they are controversial or just plain factually incorrect as in this case
 

msog87

Banned
Dec 11, 2011
2,071
1
0
First of all, he's letting Bank of Canada continue to give out low interest rates.
So the major banks follow suit and Canadians keep buying houses, putting themselves in BIG debt.

Then he signs what is the equivalent of a Free-Trade deal with China.
When China's economy is slowing down, and their housing bubble has burst.

http://www.bbc.co.uk/news/magazine-17390729

I'm no expert and I'm open those that ARE experts to educate me on this.
Why is the idiot hell bent on driving down the Canadian economy?

Volley.
1) do you really think the liberals or NDP would want carney to raise interest rates?

2) free trade is good

3) socialists are destroying canada
 

msog87

Banned
Dec 11, 2011
2,071
1
0
JohnLarue, my conclusions are from numerous articles that I've read, and thus are my opinion. Which I am entitle to.
I asked a question, which you've provided no answer.

Gar, we went from a 2 Billion dollar surplus to a 55 Billion deficit during Harper's term in office? Why is he still there??
the ndp and liberals would be by far outspending the conservatives, in fact they are crying right now bc the harper govt is being austere and " not spending enough". youre such a tool shut up with your bullshit
 

duang

Active member
Apr 17, 2007
1,121
0
36
First of all, he's letting Bank of Canada continue to give out low interest rates.
So the major banks follow suit and Canadians keep buying houses, putting themselves in BIG debt.

Then he signs what is the equivalent of a Free-Trade deal with China.
When China's economy is slowing down, and their housing bubble has burst.

http://www.bbc.co.uk/news/magazine-17390729

I'm no expert and I'm open those that ARE experts to educate me on this.
Why is the idiot hell bent on driving down the Canadian economy?

Volley.
You are brilliant and absolutely right: when you say you're no expert.

I've heard it said that it is better to be silent and be considered a fool rather than open your mouth [or keyboard in this case] and confirm it beyond a doubt.

Your Liberal/NDP propaganda would probably play better in the political forum [or the Toronto Star editorial pages].

Come back when you have a basic understanding of economics and have a question rather than wanting to be a troll.

D.
 

nottyboi

Well-known member
May 14, 2008
22,447
1,325
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Harper is just rewarding his friends and the rich people that finance the Conservative party. If you are not rich, and you voted for them then you are STUPID. The problem with democracy is, if people are too stupid to vote in their own interest.. then it simply does not work.
 

JohnLarue

Well-known member
Jan 19, 2005
16,157
2,150
113
Harper is just rewarding his friends and the rich people that finance the Conservative party. If you are not rich, and you voted for them then you are STUPID. The problem with democracy is, if people are too stupid to vote in their own interest.. then it simply does not work.
Perhaps, just perhaps some voted for what they feel was in the best interest of the whole country and their children's future
Not everyone is totally focused on what is best for them
 

nottyboi

Well-known member
May 14, 2008
22,447
1,325
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Perhaps, just perhaps some voted for what they feel was in the best interest of the whole country and their children's future
Not everyone is totally focused on what is best for them
Yeah but they got that wrong as well. Unfortunately their kids will only realize it when they have to spend their lives living in remote areas digging stuff out of the ground to send to China or the US.
 

mcKaos

New member
Apr 8, 2012
70
0
0
# 1. The bank of Canada sets the interest rate policy based upon their interpretation of the economic data
Harper does not call up Carney & tell him to keep the rates low.

# 2 China is growing faster than any of Canada's trading partners
Signing a deal with them secures a long term increase in trade
So what if they have a housing bubble that pops .
Does that negate the long term trend of increased Chinese demand for products we sell ?
No it does not
Policy decisions should not be based upon short term economic forecasts

#3 Yes , you are no expert
Actually #1 is in theory correct but not in practice. Dept of Finance and the Bank routinely meet to discuss goals that each institution feels is important. Positions at the Bank are political appointments and in a majority Harper would have that sword to use if he should desire. You are correct that Harper would not call up Carney and tell him what to do ... politically Harper is not that stupid ... but a flunky from Finance would do nicely.

2) Making trade deals is in fact would be good with a Country like China which is a modernization economy whom we can expect to give us a lot of business. As for who cares if China's housing bubble pops ... well we all should. China desperately needs a middle class to buy it's own goods ... if housing goes in China it puts economic pressure on it's citizens. With consumer being pressured in the US (all be it that it seems to be changing) and Europe, China's goods are in less demand in these two important markets. A blown housing bubble in China will reduce their demand for raw resources and equipment ... all big exports from Canada, US and Europe. It remains to be seen if China hits a soft landing or a hard landing in it's current slowing growth (mind you I would like 7.5% growth here and call it slowing down lol) While I agree with you that economic planning should always be long term that really wasn't the op's point. I believe he was wondering if it was a wise decision based on what he has read. While I'm no fan of the PM I can answer that question as yes it is a good idea that has nothing but upside for Canada's economy provided the PM didn't sign away our rights to our natural resources by allowing the Chinese to buy majority shares of Canadian Natural Resource Companies.

#3 Fail to see the point in being rude ... seems to me that you have a very high opinion of yourself. My experience tells me that this arrogance is often brought on by ignorance. It would better if you get good and complete information and use it to educate rather than put a person down ... just saying.
 

mcKaos

New member
Apr 8, 2012
70
0
0
I guess you missed the fact that there was this little thing called a world wide recession
That negatively affected the govt revenues - Hardly Harpers fault
He did increase stimulus spending for a two year period , which you can criticize, if you feel it not the right thing to do
However, before you do, I suggest you think about the size of the deficit had the liberals or (shudder) the NDP had been in charge

You can second guess Harpers policies on a number of issues other than the handling of the economy
Canada has weathered the economic crisis far better than rest of the world

Actually John Infrastructure spending during the recession did not account for the pileup of debt. What little they spent came from general revenues. The pile up of debt starts occurring with the ill advised cuts to the sales tax and the fact that to make our Corporations tax efficient cuts had to be made there for them to be competitive with foreign Companies. A cut to personal tax would have been more efficient. Now as to the economic crisis and the PM ... you conveniently forget that everything blew up in the States months before an election where the PM in the debate denied Canada was in a recession when it was obvious to everyone that wasn't true. Oh and you forget our own Bank crisis ... CIBC almost failed and had to be re capitalized ... I give Finance props for that and the Banks got capital prior to the fall of Leeman which would have made it impossible after the US Bank crisis. Even top Canadian Bankers laughed at the notion the Conservatives put forward during that election (no recession) ... mind you the PM corrected that notion 2 days after the election when he announced that we were in a serious recession. Aw you gotta love politics.
 

mcKaos

New member
Apr 8, 2012
70
0
0
First of all, he's letting Bank of Canada continue to give out low interest rates.
So the major banks follow suit and Canadians keep buying houses, putting themselves in BIG debt.

Then he signs what is the equivalent of a Free-Trade deal with China.
When China's economy is slowing down, and their housing bubble has burst.

http://www.bbc.co.uk/news/magazine-17390729

I'm no expert and I'm open those that ARE experts to educate me on this.
Why is the idiot hell bent on driving down the Canadian economy?

Volley.

Now to actually answer Volley's question. Those are two separate questions. Interest rates are low because the Western economies are in a serious deflationary process with debt and housing. Canada fared better than most because of the Banking Policies we have here and the resistance to change those policies in the 90's. Having said that we did see debt issues with Canadian Banks but no where near the problems the US had. If we were to raise interest rates when no one else does, especially the US ... our dollar would rise to the point to kill industry within the Country. As for high debt in Canada ... well that is an issue and we have heard from the Minister of Finance raise that point. To the credit of the Minister he has changed significantly approval rules for MTG debt insurance to eliminate speculators from the market and that has had a moderating effect on housing prices. The US got into to trouble with the lack of prudent rules on debt insurance that over inflate housing prices and the value of the debt incurred.

As for debt, I believe it was unnecessarily caused by the cuts in the sales tax however this is a highly debatable point with good reasons to support yeah or nah ... me I fall on the side that it was dumb especially since it was apparent at the time of the cuts that Banks were having trouble. Anyways debt is a function of Conservative economic philosophy ... they argue that taxes take money out of the system, hurt consumer spending and Corp and Small Company growth. They believe that spurring growth will allow the economy to out grow the debt ... hasn't worked that well in a deflationary recession as we have seen in the States over the last ten years. It worked like a charm during the Regan years, but not so well now. That's the problem with economic orthodoxy, both left and right, it doesn't leave a little wiggle room to fine tune it to the times.

China is a different issue from the above ... a third of humanity is hard to ignore as a market. Those who set up good economic relations with China will succeed over the next 50 years. While China is slowing down and does have a significant housing bubble (it didn't pop yet) it still is growing at 7.5%. Push the panic button if China goes below 5% but until then it doesn't effect Canada in any negative way.
 

fmauhv

Member
Jan 28, 2009
130
0
16
# 1. The bank of canada sets the interest rate policy based upon their interpretation of the economic data
harper does not call up carney & tell him to keep the rates low.

# 2 china is growing faster than any of canada's trading partners
signing a deal with them secures a long term increase in trade
so what if they have a housing bubble that pops .
Does that negate the long term trend of increased chinese demand for products we sell ?
No it does not
policy decisions should not be based upon short term economic forecasts

#3 yes , you are no expert
well said.
 

Never Compromised

Hiding from Screw Worm
Feb 1, 2006
3,839
28
38
Langley
Harper is not hell bent on destroying Canada. But he is doing his best to reshape Canada and has started by destroying the Laurentian pact, and has shifted power away from Quebec and more to the Western provinces. He is reversing decades of industrialization and is returning Canada to a resource based "hewers of wood, drawers of water" economy.

Harper will do his best to reduce Canadian's reliance on the welfare state, and bring back the "old west", he has much in common with western American culture and distrust of political systems.

Harper is doing a good job at finding markets other than Canada for our exports. He is inviting China to trade, even as he prepares our military to join the US in curtailing China's expansion.
 
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