Its true!Good god.
the Beaver and Frank don’t even understand the drivers off inflation.
I have no idea what you are talking about when you say the 'drivers off inflation'.
Have you had any concussions lately?
Its true!Good god.
the Beaver and Frank don’t even understand the drivers off inflation.
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.www150.statcan.gc.ca
Like I said, you operate with 2 standards.
Turning to unemployment in Chart 2, we see that the unemployment rate declined during the Chrétien years, from 11.4 to 7.6 per cent or 3.8 percentage points. During the Martin years, unemployment declined by 0.8 percentage points from 7.6 to 6.8 per cent. Finally, in the Harper years, unemployment rose marginally from 6.8 to 6.9 per cent.
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 Chretienmacleans.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.
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?Basically you don't want to admit what was said is true.
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?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?
Like I said 2 standards.
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!![
Good god.
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.
There's now a Bank of Canada number for carbon tax's impact on inflation. It's small
Making everything more expensive? Only by a fraction of a percentage point
There's some, and one could stress some, point to the Conservative Party's steady drumbeat.
It's inescapably true that the federal carbon tax makes life for Canadians more expensive — before the "climate action incentive" rebate — and Bank of Canada governor Tiff Macklem reiterated this on a visit to Calgary on Thursday.
He brought further clarity to the highly charged political discourse by putting a number on it.
That number: 0.15 percentage points of the inflation increase can be attributed to the carbon tax.
Pierre Poilievre's Conservatives have made much sport of arguing the Trudeau Liberals' tool to fight climate change has severely affected the affordability of fuel, groceries and other goods. While the Opposition party has never put a number on it, the figure has never appeared to be as rhetorically small as Macklem put it.
In questions following a luncheon address to the Calgary Chamber of Commerce, the central bank head said his team's inflation-watching takes into consideration the Trudeau government decision to annually hike its price on carbon by $15 per tonne.
"So each year it's 0.15 (per cent), but that's a relatively small effect on year-over-year inflation," Macklem told reporters.
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.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.
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?
^^^^^^^^^^^^^^this is you.Overlooked in the hype over reports about meaningless economic gyrations,
Like I keep saying, Justin has no plan to lower the Budget. Waiting is not a plan.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!!
Wrong, they highest deficit is under Trudeau with $325 Billion in 2020.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!!
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?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.
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 worseWrong, 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.
Canada recorded a Government Debt to GDP of 107 percent of the country's Gross Domestic Product in 2022. Government Debt to GDP in Canada averaged 80.83 percent of GDP from 1980 until 2022, reaching an all time high of 117.80 percent of GDP in 2020 and a record low of 44.90 percent of GDP in 1980. source: IMF.
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 107.50 percent of the country's Gross Domestic Product in 2023. This page provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.tradingeconomics.com
We can't have 2 systemsYou 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?
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 107.50 percent of the country's Gross Domestic Product in 2023. This page provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.tradingeconomics.com
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.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?
What would you do?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?
More important, what is Justin going to do? So far it's dig a deeper hole and wait on someone else to do the difficult work.What would you do?
More cuts?
More tax breaks for the rich?
Has there ever been a different plan from the cons?
And that's what these guys don't truly realize. Reckless spending comes at a great consequence.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.
Again if Harper went $56 Billion over the budget in one fiscal year, then another $33 Billion in the next year and further deficits in the following year, and yet you think that he was "Fiscally Responsible". Eight of his ten years was about Deficits. His so called balanced budget at the end was just a rush to sell off certain assets, and closures of several facilities including centres for the Military veterans etc. The economy was still in a Recession in 2015 and Trudeau at least stimulated it. If it was not for the Pandemic and several issues likes the Supply Chain Disruption, and then the War in Ukraine perpetrated by Russia, the actual deficit trends were down then. The Liberal Government had to support the Canadians during the three years of closure of the economies by the provinces. Can you imagine the hue and cry if they were not supporting the ones who lost their jobs as well as businesses that were in deep trouble then?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?