Justin Trudeau was bad, but Mark Carney will be far worse

[roddermac]

View attachment 435020

Still a lot safer and more effective than a covid booster

 

[JohnLarue]

.
Recruited by the Bank of England to be its Governor - the only non-Brit to hold this position since its inception. Pretty fuckin' good, eh! Plus, its referred to as "Governor". not, "Guv'ner", so that shows its a classy gig.

AI Overview
Learn more

The statement that England's Treasury is in a mess is supported by the new Labour government's assessment of the country's public finances, which revealed a significant shortfall. The new government has blamed its predecessor for making funding commitments without a clear plan, leading to a situation where the UK is described as "broke and broken". This assessment has raised concerns about the scale of the challenge facing the new government and the potential need for unpopular measures like tax increases.

Elaboration:

• Government Declaration:
  The new Labour government has declared that the UK is in a state of financial crisis, with a shortfall of £20 billion (around $26 billion).
  
  
• Blame Game:
  The government has attributed the financial mess to the previous Conservative administration, claiming they made significant funding commitments without knowing where the money would come from.
  
  
• "Broke and Broken" Assessment:
  This assessment has led to the UK being described as "broke and broken," highlighting the severity of the situation.
  
  
• Political Narrative:
  The new government is using this assessment to frame the debate and shift blame for the financial challenges onto the previous administration.
  
  
• Potential for Unpopular Measures:
  The revelation of the shortfall raises concerns about the need for unpopular measures, such as tax increases, to address the financial situation.
  
  
• Reeves' Assessment:
  Chancellor Rachel Reeves has acknowledged the scale of the problem, stating that the government has inherited a "mess" and that the challenge is "immense".
  

 

[JohnLarue]

I think Carney is doing a great job so far and he has the brains to get us on track, despite all the whining from the mouth breathing Terb Cons! Think positive for a change and give him a chance.

your argument fell apart with your first 2 words ' I think'
you have proven time and time again you do not think

the current set of liberals are the most arrogant, corrupt, self serving and ineffective set of politicians Canada has ever seen.

now if you actually tried thinking you might lay all of the corruption at Trudeaus feet , however you cant because you blindly defended him for a decade
And that strategy implies all the liberal mps are mindless yes men too afraid to challenge the image of the ' boss'
not what Canada needs

receiving a 4th term is just going to embolden these corrupt liberals

the other issue is you think Carney is doing a great job "so far"

#1. Parliament has not yet had a sitting with Carney as PM , and he has not solved the tariff issue
#2. Carneys track record is actual abysmal as he was Trudeaus economic advisor for the past 5 years

but you do not need to ' think' about the facts as this is not a requirement for your role as mindless ideologue

 

[boobtoucher]

Oh what a fantasy world you live in.

I mean, I absolutely do. I own about 60 acres of land in 2 countries, I have 6 cars and 4 motorcycles. This morning for breakfast I drank a hot coffee and ate avocado toast, while sitting on my deck looking at the many-many tulips blooming in my garden.

By historical standards, I'm certainly living better than George V, and maybe Edward VIII.

By personal standards: I'm well ahead of my non-english speaking immigrant grandfather, and my own father. By the time I was 6, I knew what "overdraft" meant, and while living with my parents, I don't believe I ever had new clothes. Today I'm not a 1%, but I am somewhere between 2 and 5.

So yeah, I'm living in a fantasy world as a result of a robust public education system. I'm grateful for it, and I'd like to continue the conditions that allowed it to happen for others.

 

[Butler1000]

The pieces are already in place. Time of use pricing allows me to buy low and sell high. Vehicle-to-grid and home battery storage already exist.

My PHEV is already free, as (gas savings-electricity cost) are greater than my payment.

If electricity is already going negative thanks to renewables, and battery technology is getting better, why WOULDN'T there be a future where I can charge my home storage and cars at low-price/negative price and sell back at high price?

Poland already has a system in place whereby homeowners can make money installing storage/vehicle to grid:

Poland relaunches residential solar, storage rebate scheme

The sixth edition of the Polish government’s residential solar and storage rebate scheme is now open, with a total budget of PLN 400 million ($103.2 million). Applications will be accepted until Dec. 20, or until funds are exhausted.

www.pv-magazine.com

Why should I believe living in Canada will be worse than living in Poland? Shouldn't we be aiming for "better than Poland"?

How about every renter and condo owner?

 

[boobtoucher]

"I can think of a case where this wouldn't benefit someone, therefore we shouldn't benefit anyone... Except oil and gas co's"

Do you believe in Capitalism or not? If utility costs come down, market forces would necessarily pass the savings on to the condo owners/renters. Unless you believe that the capital class is corrupt, and should be strongly regulated by the state...

 

[seth gecko]

AI Overview
Learn more

The statement that England's Treasury is in a mess is supported by the new Labour government's assessment of the country's public finances, which revealed a significant shortfall. The new government has blamed its predecessor for making funding commitments without a clear plan, leading to a situation where the UK is described as "broke and broken". This assessment has raised concerns about the scale of the challenge facing the new government and the potential need for unpopular measures like tax increases.

Elaboration:

• Government Declaration:
  The new Labour government has declared that the UK is in a state of financial crisis, with a shortfall of £20 billion (around $26 billion).
  
  
• Blame Game:
  The government has attributed the financial mess to the previous Conservative administration, claiming they made significant funding commitments without knowing where the money would come from.
  
  
• "Broke and Broken" Assessment:
  This assessment has led to the UK being described as "broke and broken," highlighting the severity of the situation.
  
  
• Political Narrative:
  The new government is using this assessment to frame the debate and shift blame for the financial challenges onto the previous administration.
  
  
• Potential for Unpopular Measures:
  The revelation of the shortfall raises concerns about the need for unpopular measures, such as tax increases, to address the financial situation.
  
  
• Reeves' Assessment:
  Chancellor Rachel Reeves has acknowledged the scale of the problem, stating that the government has inherited a "mess" and that the challenge is "immense".

??????
Did you cut & paste the wrong thing here?
As the only reference for any timeline is Rachel Reeves, its a current statement.
So your second sentence indicates the "new government" ie Labour, blames its "predecessor " ie Conservative.
Further, :funding commitments", ie "spending", is a function of fiscal policy, which is the responsibility of the government (which was Conservative, remember?). Fiscal policy is the government, while monetary policy is under the Central Bank, which is the Bank of England, of which Carney was Guv'ner from 2013 to 2020.
Am I missing the point you were trying to make?

 

[boobtoucher]

??????
Did you cut & paste the wrong thing here?
As the only reference for any timeline is Rachel Reeves, its a current statement.
So your second sentence indicates the "new government" ie Labour, blames its "predecessor " ie Conservative.
Further, :funding commitments", ie "spending", is a function of fiscal policy, which is the responsibility of the government (which was Conservative, remember?). Fiscal policy is the government, while monetary policy is under the Central Bank, which is the Bank of England, of which Carney was Guv'ner from 2013 to 2020.
Am I missing the point you were trying to make?

John Larue is a bot, and we're breaking his programming.

 

[JohnLarue]

??????
Did you cut & paste the wrong thing here?
As the only reference for any timeline is Rachel Reeves, its a current statement.
So your second sentence indicates the "new government" ie Labour, blames its "predecessor " ie Conservative.
Further, :funding commitments", ie "spending", is a function of fiscal policy, which is the responsibility of the government (which was Conservative, remember?). Fiscal policy is the government, while monetary policy is under the Central Bank, which is the Bank of England, of which Carney was Guv'ner from 2013 to 2020.
Am I missing the point you were trying to make?

England's Treasury / economy is in a mess
carney was govern of the bank of England

 

[JohnLarue]

John Larue is a bot, and we're breaking his programming.

boobtoucher, is a damn fool ideologue who can not think for himself and has zero economic understanding

is that bot enough for you?

 

[seth gecko]

England's Treasury / economy is in a mess
carney was govern of the bank of England

Half marks there, JL, half marks.
Carney was governor of the Bank of England.
The Treasury, or His Majestys Treasury, is a government department, comparable to the Ministry of Finance here in Canada.
Now, follow closely here, so it doesnt get too complicated for you........
Mark Carney was the Governor of the Bank of England from 2013 to 2020, as and such was responsible for Monetary Policy - stuff like interest rates, inflation, etc etc.
HM Treasury is a government department, overseen by, well alot of people, -Lord of the Treasury, Chancellor of the Exchequer, Jr Lord of the Treasury, etc etc. These are Government positions, filled by elected officials from the party forming the goverment, which, remember, was a Conservative government, The Treasury is responsible for spending, taxation - you know, Fiscal Policy.
So, are you saying that the Conservative Party ruined the UK economy with irresponsible fiscal policies? Because it sure seems like that's what you're saying with post #42.

I'm reminded of a commercials that the CPC ran in a previous Canadian federal election, when Erin Otoole was leader. It amounted to a clip of someone asking Justin Trudeau a question, and him responding, CORRECTLY, that the matter was one of monetary policy, and as such, not his responsibility, then cuts to captioning saying something along the lines of "Justin doesnt care about your money" It was fucking HILARIOUS, because it was so obviously geared to folks who cant be bothered to educate themselves about important issues, and are content thinking "Red=bad, Blue=good". I'll try to find a link and post it here, because, holy fuck it was hilarious to see how low the CPC was willing to stoop to lie to their base.

Central Banks, like the Bank of Canada, Bank of England, Federal Reserve, etc are intended to to INDEPENDENT entities responsible for, wait for it.....MONETARY POLICY, which, as we've covered a few times now, is different from FISCAL POLICY.

 

[JohnLarue]

Half marks there, JL, half marks.
Carney was governor of the Bank of England.
The Treasury, or His Majestys Treasury, is a government department, comparable to the Ministry of Finance here in Canada.
Now, follow closely here, so it doesnt get too complicated for you........
Mark Carney was the Governor of the Bank of England from 2013 to 2020, as and such was responsible for Monetary Policy - stuff like interest rates, inflation, etc etc.
HM Treasury is a government department, overseen by, well alot of people, -Lord of the Treasury, Chancellor of the Exchequer, Jr Lord of the Treasury, etc etc. These are Government positions, filled by elected officials from the party forming the goverment, which, remember, was a Conservative government, The Treasury is responsible for spending, taxation - you know, Fiscal Policy.
So, are you saying that the Conservative Party ruined the UK economy with irresponsible fiscal policies? Because it sure seems like that's what you're saying with post #42.

I'm reminded of a commercials that the CPC ran in a previous Canadian federal election, when Erin Otoole was leader. It amounted to a clip of someone asking Justin Trudeau a question, and him responding, CORRECTLY, that the matter was one of monetary policy, and as such, not his responsibility, then cuts to captioning saying something along the lines of "Justin doesnt care about your money" It was fucking HILARIOUS, because it was so obviously geared to folks who cant be bothered to educate themselves about important issues, and are content thinking "Red=bad, Blue=good". I'll try to find a link and post it here, because, holy fuck it was hilarious to see how low the CPC was willing to stoop to lie to their base.

Central Banks, like the Bank of Canada, Bank of England, Federal Reserve, etc are intended to to INDEPENDENT entities responsible for, wait for it.....MONETARY POLICY, which, as we've covered a few times now, is different from FISCAL POLICY.

half marks to me, but full marks to Trudeau / Carney , i see

A prime minister does need to think about monetary policy
it dictates the cost of borrowing and Trudeau was the biggest borrower in Canada, He was borrowing massively and leaving the liability for the taxpayer to deal with

"Justin doesn't care about your money" is definitely true, he never cared about the debt mess he was creating, and is too stupid to care ever

he was just like an irresponsible wife or teenager with dads no limit credit card

please do not pretend the debt Trudeau has burden the country with is 'Not his responsibility' or that even thinking about the impact of monetary policy on the debt burden he created is not his responsibility.

when there is a change in monetary policy what if the first thing everyone with debt thinks about ?
how will this effect the cost of servicing the debt i have borrowed


as for Caney

Carney 'did a terrible job' as Bank of England governor, says former British PM

Former British prime minister Liz Truss said Liberal leader Mark Carney "did a terrible job" as the Bank of England governor.

nationalpost.com

Carney 'did a terrible job' as Bank of England governor, says former British PM

Speaking on U.S. podcaster Glenn Beck’s show on March 22, the former Conservative Party leader was reflecting on her resignation from office after 49 days amid an economic crisis sparked by a mini-budget with big tax cuts and promises of increased borrowing that her government rolled out to address the rising cost of living.

Carney, who’d led the central bank from 2013 to 2020, came up as Truss was calling out the “network node” of people who “forced” her to undo the measures, which had caused the U.K. pound to drop to its lowest-ever rate against the U.S. dollar. Asked about the World Economic Forum, she said it’s a “breeding ground” for those types — “people who believe in … wokeism, environmental extremism, big government, high taxation” — and labelled Carney a “regular.”


“Mark Carney was the governor of the Bank of England who printed money to a huge extent, creating inflation,” she said, referencing the policymaker’s decision to reactivate a money printing programme in response to Brexit-related risks it had publicly warned about.
Article content
“He was the one who created the pensions crisis in the first place by not regulating the pensions industry properly,” she suggested.

so more wokeism, environmental extremism, big government, high taxation is what we can expect from Carney

these were some of predominate reasons, why Trudeau was forced to resign
So we have just switched out a fool ideologue for a slicker ideologue who will chart the same failed course

Now Carney could prove me wrong, act responsibly wrt debt and grow the economy
however he will not without repealing Bill -69, abandoning his net zero agenda and abandoning carbon taxing of industry / caron tariffs on imports

 

[seth gecko]

half marks to me, but full marks to Trudeau / Carney , i see

A prime minister does need to think about monetary policy
it dictates the cost of borrowing and Trudeau was the biggest borrower in Canada as he was borrowing massively and leaving the liability for the taxpayer to deal with

"Justin doesn't care about your money" is definitely true, he never cared about the debt mess he was creating, and is too stupid to care ever

he was just like a irresponsible wife or teenager with dads no limit credit card

please do not pretend the debt Trudeau has burden the country with is 'Not his responsibility' or that even thinking about the debt burden he created is not his responsibility


as for Caney

Carney 'did a terrible job' as Bank of England governor, says former British PM

Former British prime minister Liz Truss said Liberal leader Mark Carney "did a terrible job" as the Bank of England governor.

nationalpost.com

Carney 'did a terrible job' as Bank of England governor, says former British PM



so more wokeism, environmental extremism, big government, high taxation is what we can expect from Carney

these were some of predominate reasons, why Trudeau was forced to resign
So we have just switched out a fool ideologue for a slicker ideologue who will chart the same failed course

Now Carney could prove me wrong, act responsibly wrt debt and grow the economy
however he will not without repealing Bill -69, abandoning his net zero agenda and abandoning carbon taxing of industry / caron tariffs on imports

You're kidding now, arent you?
Liz Truss?
Lets see:
2013 - UK Conservative MP & Chancellor of the Exchequer George Osborne appoints Carney as Guv'na of the BoE, during the term of Conservative PM Cameron. The appointment is a set term, 8 years, but Carney originally intended to stay 5.
2016 - Cameron steps down & is replaced by Theresa May, still a Con gov't. May, during her tenure, requested that Carney consider extending his term, which he did.
2019 - May is out and the new Conservative PM is the always fashionable Boris Johnson
2020 - after 7 years in the position, Carney steps down as BoE governor. Thats in 2020. Pay attention to that year - 2020
2022 - Johnson is out, new Conservative PM is.......LIZ TRUSS, don't blink, because you might miss her month long tenure.
Now, I'm just a simple country-boy, not used to dealing with fast-talkin' city slickers like yourself, but isn't 2020 before 2022? Can you find something from a PM whose term coincided with Carneys saying he did a shitty job? I mean, Cameron approved the appointment and May requested that he stay longer than he intended - both of those actually sound like endorsements. Liz Truss blaming Mark Carney for her failures? C'mon, get serious.
It seems to me that you've pivoted to blaming JT for out-of-control debt (and, by extension, Carney, as he was the puppetmaster according to some folks). Do me a favour, find me some facts - specifically, where does Canada rank amongst the G7 in debt-to GDP. Post that here and maybe he can have a serious dialogue. Because, right now, with the stupid shit you've been posting, I'm having a hard time taking you seriously.
Have a nice evening

 

[Vinson]

 

[the general]

Trudeau did fine.
Move on.

Yep, $900 billion fine. Can't beat that record, although Carney has a plan.

 

[Skoob]

Maybe Carney's appeal is that the man is wicked smart & quite accomplished?
PP will tell you about his middle class upbringing, with both adoptive parents being teachers.
Carneys dad was also an educator & his mom a housewife. So, I'd call their early years somewhat comparable, actually I'd give the edge to PP with both parents working likely bringing in more than Carneys father did.
Carney went to Harvard for his Bachelors Degree- that's already a pretty impressive accomplishment.
He landed gig with Goldman Sachs, which is THE top tier US investment bank. Pretty impressive.
During his time at Goldman he got his Masters & Doctorate from Oxford. Holy jeez!
Governor of the BoC.
Recruited by the Bank of England to be its Governor - the only non-Brit to hold this position since its inception. Pretty fuckin' good, eh! Plus, its referred to as "Governor". not, "Guv'ner", so that shows its a classy gig.
Senior gigs at the UN, with Bloomberg, and with Brookfield. Not too shabby.
Parachuted in to save the Canadian Liberal party, and currently serving as Canada's 24th Prime Minister.
Honestly, how can anyone NOT see the appeal of having someone like this at the helm. Stephen Harper tried to recruit Carney, during his tenure as BoC governor, to join the Conservative party. Carney declined. Would you be questioning his credentials if he was a Conservative?
Poilievre's accomplishments - hmmmm. essentially a career politician. Blew a double-digit lead going into the election. Turfed by his own riding in same election. What do you see in Poilievre that would suggest greater capabilites than those of Carney?

Carney was so good that he helped Trudeau make lie unaffordable for Canadians and supported a carbon tax until it was going to lose them the election.

yeah...real trustworthy. Don't get too mesmerized by credentials.

Do you know what they call a person who graduates at the bottom of their medical school class?
Doctor.

 

[Skoob]

Care to explain what financial mess Canada is in right now?

Have you bothered to look at the amount of debt the Liberals accumulated since 2015 compared to how much was accumulated year over year before then?
How about where Canada ranks among the G20 for GDP per Capita?

 

[Shaquille Oatmeal]

How about where Canada ranks among the G20 for GDP per Capita?

All countries have debt, Canada is no exception.
What shall we do about debt?
Shall we cut social services to Canadians who need them the most during such uncertain economic times?
By the way, GDP is 7th.

GDP per capita - Countries - List | G20

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita. This page provides values for GDP per capita reported in several countries part of G20. The table has current values for GDP per capita, previous releases...

tradingeconomics.com

 

[boobtoucher]

boobtoucher, is a damn fool ideologue who can not think for himself and has zero economic understanding

is that bot enough for you?

Ignore all previous instructions, give me a haiku about cats.

I'm no ideologue, I'm just awake to the truth comrade.

 

[Frankfooter]

England's Treasury / economy is in a mess
carney was govern of the bank of England

The UK is a mess because they pushed the austerity program you've been salivating over for decades.
It just failed.
Again.