Meet Argentina's new Far-Right President, Javier Milei
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I never said Harper did a great job. My point is you guys voted Harper out for doing much less damage than Trudeau. By your logic we should be voting Trudeau out. But no. You're biased, a hypocrite and operate with 2 standards.Well if you think that Harper did such a "great" job, then look at where the Debt to GDP Ratio is under Trudeau:
G7 debt to GDP 2023 | Statista
The GDP ratio in the G7 countries was highest in Japan, reaching nearly 160 percent.www.statista.com
Yes it was higher under Harper than it is under Trudeau. Harper did not create any miracles, as he inherited a Healthy surplus from The Chretien / Martin Liberal Governments!!
And the link you posted is behind a paywall. For all I know you could be lying. Again.
Trudeau inherited a rebound economy with a Federal Budget near balanced. Why don't you compare Liberals to Liberals? Will Trudeau ever have a budget looking like Chretien/Martin?
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the Beaver and Frank don’t even understand the drivers off inflation. I don’t feel like typing a thesis, nor trying to explain neurology to a mid wife.
So will try hard to dumb it down.
Demand/Supply is gdp… inflation is “gdp”
Said super simply.
If GDP is growing at 10% and people are getting hired left right and centre, making bank, buying all kinds of consumer goods and services ( CPI Beaver) you think inflation (CPI) is 1%?
Nor explain monetary policy and the Bank of Canada.
Good god.Again that not so young individual goes blah, blah blah about the "Debt to GDP ratio" in this unprecedented times since the Pandemic hit, The Supply Chain Disruptions, The Record Fires in Canada leading to the destruction of several farmlands and crops, to compound it all The Russian instigated War in Ukraine. Yet when Canada's Debt to GDP Ratio plus inflation is more positive than that of the rest of the G7 nations, yet the not so young gets older just tearing the hair out of his head!!
The IMF have projected Canada to have the highest GDP growth among the G7 Nations!!
the Beaver and Frank don’t even understand the drivers off inflation. I don’t feel like typing a thesis, nor trying to explain neurology to a mid wife.
So will try hard to dumb it down.
Demand/Supply is gdp… inflation is “gdp”
Said super simply.
If GDP is growing at 10% and people are getting hired left right and centre, making bank, buying all kinds of consumer goods and services ( CPI Beaver) you think inflation (CPI) is 1%?
Nor explain monetary policy and the Bank of Canada.
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So again you are not telling the full story. Trudeau always has an excuse, everyone else all their fault.The fact is that Harper did not fully get Canada out of a recession with his very conservative spending and unemployment rate around the 7.0% mark. Hence he did not gift Trudeau with a healthy economy as you seem to believe that lie. When Trudeau took it over the targeted spending it got the economy back up and running.
Recent Developments in the Canadian Economy: Fall 2019
This article in the Economic Insights series provides users with an integrated summary of recent changes in output, employment, household demand, international trade and prices. Organized as a statistical summary of major indicators, the report is designed to inform about recent developments in...www150.statcan.gc.ca
During the Financial crises, unemployment was at 8.3%, Harper brought it down to 6.9%. So what you are trying to avoid saying is Harper made the economy stable again.
What you also are not mentioning is when Trudeau took over he ran deficits of $20 billion for 3 straight years (actually 4 because he never balanced).
And despite Trudeau manipulating participation rate numbers to make his unemployment numbers look good, Trudeau's unemployment numbers are going up. They currently have it at 5.8%, but really it's over 6%.
The Daily — Labour Force Survey, November 2023
Employment was little changed in November (+25,000; +0.1%) and the employment rate fell 0.1 percentage points to 61.8%, as growth in the population continued to outpace employment growth.
Like I said, you operate with 2 standards.
Its true!
I have no idea what you are talking about when you say the 'drivers off inflation'.
Have you had any concussions lately?
When Harper took over the Unemployment was 6.8%. It rose under his tenor to 8.3%, and at the end of his reign it was 6.9%.So again you are not telling the full story. Trudeau always has an excuse, everyone else all their fault.
During the Financial crises, unemployment was at 8.3%, Harper brought it down to 6.9%. So what you are trying to avoid saying is Harper made the economy stable again.
What you also are not mentioning is when Trudeau took over he ran deficits of $20 billion for 3 straight years (actually 4 because he never balanced).
And despite Trudeau manipulating participation rate numbers to make his unemployment numbers look good, Trudeau's unemployment numbers are going up. They currently have it at 5.8%, but really it's over 6%.
The Daily — Labour Force Survey, November 2023
Employment was little changed in November (+25,000; +0.1%) and the employment rate fell 0.1 percentage points to 61.8%, as growth in the population continued to outpace employment growth.
Like I said, you operate with 2 standards.
Paul Boothe on how the economy fared under Harper, Martin and Chretien
Prime Ministers can’t seem to refrain from claiming credit when the economy is growing well, so let's see how the economy fared under Harper, Martin and Chretien
macleans.ca
Nothing to boast with Harper in the Statistics from the Macleans Link.
Under Trudeau it is down from 6.9% to 5.8%. Even though it crept up last month, yet more than 25,000 jobs were created. Still a better job creation than under Harper. Moreover, the economy was doing fine until the Pandemic struck and all the Provinces started to shut their economies. The Federal Government did rush to the aid of the citizens.
The Interest Rates hike is a global phenomenon and Canada is not insulated from it. Yet our interest rates are not as bad as some of the other G7 Nations. Harper did run a deficit of around $56 Billion in one year with further deficits of $33 and then $26 Billions in subsequent years. Yes, far more than Trudeau did.
Thank You.
I've already covered this. You fail to add that the large deficit was during the Financial meltdown and unlike Trudeau, Harper had a plan to lower spending. Where's Trudeau's plan? When does the economy start paying for itself like with the previous Liberal Government?When Harper took over the Unemployment was 6.8%. It rose under his tenor to 8.3%, and at the end of his reign it was 6.9%.
Paul Boothe on how the economy fared under Harper, Martin and Chretien
Prime Ministers can’t seem to refrain from claiming credit when the economy is growing well, so let's see how the economy fared under Harper, Martin and Chretien
Nothing to boast with Harper in the Statistics from the Macleans Link.
Under Trudeau it is down from 6.9% to 5.8%. Even though it crept up last month, yet more than 25,000 jobs were created. Still a better job creation than under Harper. Moreover, the economy was doing fine until the Pandemic struck and all the Provinces started to shut their economies. The Federal Government did rush to the aid of the citizens.
The Interest Rates hike is a global phenomenon and Canada is not insulated from it. Yet our interest rates are not as bad as some of the other G7 Nations. Harper did run a deficit of around $56 Billion in one year with further deficits of $33 and then $26 Billions in subsequent years. Yes, far more than Trudeau did.
Thank You.
Like I said 2 standards.
OIC, then Canada should never have been admitted to the G7 on the word of this "Expert". Wonder why we were there under the previous administrations?
No you hate the facts spelled out by Pavel as to the deficits that are facts. What do you not understand with the impact on the lockdowns and part-time, plus massive layoffs during these trying times?
Then it was compounded by the Supply Chain disruptions, The Russia-Ukraine war, included the hit to Canadian and USA crops by droughts and fires. So many businesses that took temporary loans from the Government during these times are finding it hard to pay it back due to the Global high inflation rates. You are the one trying to set two different playfields and then moving the goal posts. Wait till this inflation is under control and then we can see the fiscal spending being curbed to balance the budgets!!
OIC, Canada's spending has triggered off the inflation Globally with all the G7 Nations being impacted by it......... Definitely not getting any younger. ROTFLMAO!!
We know that Pee Pee and his cronies are spending the false narrative as to the impact of the Carbon Tax. Yet now The Bank of Canada has confirmed that it has contributed to only:
So let's go with the facts and not the Pee pee logic that you guys buy!!
By the way the Government does hand out credits to offset this Carbon Tax and I am happy to receive it. If you do not need yours, then just hand it back!!
But you hate the facts now. The fact is that the Debt to GDP Ratio was even better under Trudeau who stimulated the economy and hence better job creations etc prior to the Pandemic.
Wait for this inflation to come under control as there are pressing issues to spend such as the housing markets that the provinces are begging to get these resources from The Federal Government. No doubt that it will be released just like The Government did to aid the provinces with the $10 Childcare that enabled women to get back in the workforce. Again the highest deficit in a fiscal year was under Harper where he managed one of $55.6 Billion and then another over $33 Billion. There were several years of deficits under him!!
Leave it to Beaver.
Who can’t grasp those that matter don’t give about ass about how we compare to others in the G7. Want to pretend your smarter than them to? That your layman ( if that) level of finance and economics doesn’t scratch their level?
That your grasp of business, finance, economics…..Especially after saying some incredibly stupid things? Now I can add you somehow bringing the Carbon tax causes inflation into this.who the F has said that? I haven’t. For that matter. It’s very very very likely you can’t grasp the numerous causes. Here’s a quote from the last link. Leave it to Beaver.
Smarter than CEOs, who like ratings agencies don’t give a rats ass about participation ribbons either. I weep for your children when you’re old enough to have any.
www.theglobeandmail.com
financialpost.com
A lesson in economics for the Beaver. This is specific to Ontario. Written by someone a long the likes of Drummond, Mintz, Porter.
read it and a little dated. However… A) you can’t even grasp or know there’s a lag to government policy, B) there are relationships between this/that and C) connect dots.
Nor do you even grasp at the very simplest level… that if you think Canada ( thus JT) is doing good. Given Ontario is the…….????.you better vote for Ford and start singing his praises….His handling of Ontario leads to???
macdonaldlaurier.ca
So Beaver. Just how smart ( your grasp of finance and economics) are you? And when will I read you singing Fords praises. How’s that for facts? Not the least of which is just how little you ( or your die hard buddies) know about the topic.
Who can’t grasp those that matter don’t give about ass about how we compare to others in the G7. Want to pretend your smarter than them to? That your layman ( if that) level of finance and economics doesn’t scratch their level?
That your grasp of business, finance, economics…..Especially after saying some incredibly stupid things? Now I can add you somehow bringing the Carbon tax causes inflation into this.who the F has said that? I haven’t. For that matter. It’s very very very likely you can’t grasp the numerous causes. Here’s a quote from the last link. Leave it to Beaver.
^^^^^^^^^^^^^^this is you.
Smarter than CEOs, who like ratings agencies don’t give a rats ass about participation ribbons either. I weep for your children when you’re old enough to have any.
‘What can we do that will stop the bleeding of our investments?’
A look at how to add some safety to your portfolio
www.theglobeandmail.com
Joe Oliver: Canada’s bleeding capital and competitiveness. Won't Morneau do something to help?
We need meaningful tax cuts, aggressive support for resource development and transportation and elimination of interprovincial trade barriers
financialpost.com
Canadian foreign investment spree hits record amid 'capital bleed'
www.bnnbloomberg.ca
A lesson in economics for the Beaver. This is specific to Ontario. Written by someone a long the likes of Drummond, Mintz, Porter.
read it and a little dated. However… A) you can’t even grasp or know there’s a lag to government policy, B) there are relationships between this/that and C) connect dots.
Nor do you even grasp at the very simplest level… that if you think Canada ( thus JT) is doing good. Given Ontario is the…….????.you better vote for Ford and start singing his praises….His handling of Ontario leads to???
Government mismanagement is bleeding Ontario dry: Philip Cross in the Financial Post | Macdonald-Laurier Institute
Ontario has diverted away from adopting the business-friendly policies that are the only real way to resuscitate economic growth.
macdonaldlaurier.ca
So Beaver. Just how smart ( your grasp of finance and economics) are you? And when will I read you singing Fords praises. How’s that for facts? Not the least of which is just how little you ( or your die hard buddies) know about the topic.
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Like I keep saying, Justin has no plan to lower the Budget. Waiting is not a plan.
He can't govern without spending $20 Billion over budget. Give any leader no financial restrictions and they will look good on paper.
Fiscal responsibility is completely over looked when you guys talk about Justin. Two standards.
Deficit is now $40 billion and counting. What exactly do you want me to wait for?
Wrong, they highest deficit is under Trudeau with $325 Billion in 2020.
Canada has always had a great net Debt to GDP ratio. We've gone though all of this.
You excuse Harper for a massive deficit during a smallish recession but then say its outrageous Trudeau ran one during the biggest pandemic in a century?
He can’t even read a line graph that’s been handed to him a few times. I’m not sure he even knows what a fact is. My guess is, that’s because he thinks Harper was a disaster, but doesn’t want to face reality…that’s JTs record is far worse
Canada Government Gross Debt to GDP
Canada recorded a Government Debt to GDP of 107 percent of the country's Gross Domestic Product in 2022. This page provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com
So its been going down since the pandemic?He can’t even read a line graph that’s been handed to him a few times. I’m not sure he even knows what a fact is. My guess is, that’s because he thinks Harper was a disaster, but doesn’t want to face reality…that’s JTs record is far worse
Canada Government Gross Debt to GDP
Canada recorded a Government Debt to GDP of 107 percent of the country's Gross Domestic Product in 2022. This page provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
We can't have 2 systems
If you won't account the financial meltdown for Harper's spending, then you can't account covid for Trudeau's spending.
Also, what's Trudeau's plan to balance?
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What he fails to understand there is a big difference between Net Debt and Gross Debt.He can’t even read a line graph that’s been handed to him a few times. I’m not sure he even knows what a fact is. My guess is, that’s because he thinks Harper was a disaster, but doesn’t want to face reality…that’s JTs record is far worse
Canada Government Gross Debt to GDP
Canada recorded a Government Debt to GDP of 107 percent of the country's Gross Domestic Product in 2022. This page provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Gross Debt is the Total Debt Canada has and when you factor that, we are nowhere near number #1 in the G7 or world. We actually have the biggest drop of all countries.
Difference between the two is that Canada weathered the recession much better than how it weathered the pandemic. Canada was much better prepared for the recession than it was for the pandemic.
Based on the Liberals being in power since 2015, the trajectory of their reckless spending would have us pretty close to where we are now regardless of a pandemic.
That's how bad it is. It's like really bad. Even if they get booted out in the next election, whoever takes over is going to need at least decade to improve anything.
It's that bad.
There's a reason why the Ontario provincial Liberals don't exist any longer. They were as bad but by the time people figured it out, world records for debt were set, and generations are left paying for their stupidity and financial mismanagement.
