Mark Carney confirms oil is good for Canada, laying smackdown on Mulcair

[SebC]

http://www.theglobeandmail.com/repor...rticle4526550/

“In a world of elevated commodity prices, it is better to have them. Bank of Canada research shows that high commodity prices, regardless of the cause, are good for Canada,” he said.Strong crude pricing does force a rise in the loonie, he said. But the overall impact is a net rise in “income, wealth and GDP in Canada.”

[...]

And, Mr. Carney added, any central bank efforts to ward off so-called Dutch disease – by tampering with Canada’s currency to protect manufacturers, for example – are likely to do more harm than good.

“The logic of Dutch Disease requires us to undo our successes in order to depreciate our currency,” he said. Taken to “its natural conclusion, this logic dictates that we shut down the oil sands, abandon our resource wealth, have high and variable inflation, run large fiscal deficits and diminish our financial sector.”

[Sluggo]

Mulcair isn't even in the full article. Heck Quebec may be smart holding on to their hydrocarbon reserves until they really get high.

[SebC]

Originally Posted by Sluggo

Mulcair isn't even in the full article.

Nope, but it's pretty clear whose argument Carney is refuting.

However, if you're looking for an article that states that to you, here's one.

[Ducay]

Can you really blame Mulcair though? By pushing this whole "Dutch Disease" he is pandering to his base, the East (& unions); by making the West out as the boogieman ruining their manufacturing sector, he gives them someone to blame for their woes and provides more support for demanding measures against the industry.

[Jacks]

Originally Posted by Ducay

Can you really blame Mulcair though?

Yes. Charest (past tense) and McGuinty are one thing, they are trying to win seats in their provinces only. Mulcair is supposedly looking to govern the entire country and pitting one region against another is not exactly inspiring leadership.

[peter12]

As someone working, and studying politics in the East, I have been even more surprised than expected as to how deeply resentment runs towards the West's new-found wealth. Mulcair's rhetoric rings true with even political moderates.

[Vulcan]

Originally Posted by Ducay

Can you really blame Mulcair though? By pushing this whole "Dutch Disease" he is pandering to his base, the East (& unions); by making the West out as the boogieman ruining their manufacturing sector, he gives them someone to blame for their woes and provides more support for demanding measures against the industry.

Leave unions out of it. The tar sands is unionized.

http://www.woodbuffalo.net/linksFACTSUnion.html

[SebC]

Originally Posted by Ducay

Can you really blame Mulcair though? By pushing this whole "Dutch Disease" he is pandering to his base, the East (& unions); by making the West out as the boogieman ruining their manufacturing sector, he gives them someone to blame for their woes and provides more support for demanding measures against the industry.

Yes. As far as I am concerned, it's an argument from either ignorance, or, if you understand economics but present the argument anyways, immorality.

[Rerun]

Originally Posted by Ducay

Can you really blame Mulcair though? By pushing this whole "Dutch Disease" he is pandering to his base, the East (& unions); by making the West out as the boogieman ruining their manufacturing sector, he gives them someone to blame for their woes and provides more support for demanding measures against the industry.

When I read the above it reminded me so much of....

Can you really blame Mulcair though? By pushing this whole "International Jewish Conspiracy" he is pandering to his base, the East (& unions); by making the Jew out as the boogieman ruining their manufacturing sector, he gives them someone to blame for their woes and provides more support for demanding measures against the Jews.


Looks like Mulcair is taking notes from past historical figures who needed someone to blame, in order to gain more power.

[Slava]

Originally Posted by Rerun

When I read the above it reminded me so much of....

Can you really blame Mulcair though? By pushing this whole "International Jewish Conspiracy" he is pandering to his base, the East (& unions); by making the Jew out as the boogieman ruining their manufacturing sector, he gives them someone to blame for their woes and provides more support for demanding measures against the Jews.


Looks like Mulcair is taking notes from past historical figures who needed someone to blame, in order to gain more power.

Yes, lets compare an (offbase and inaccurate) economic argument with horrific atrocities and genocide. I can see how one would remind you of the other.

Whether you agree with Mulcair or not, politically its a brilliant strategy. He wants to govern, and odds are he won't win enough seats in the west to make that happen. What he needs is seats in the east and to take those from Harper. So the argument here splits Harpers base, right where Mulcair needs it split. That's not to say I agree with Mulcair or his position, but I can see why he is advancing it.

[jayswin]

Originally Posted by Slava

Yes, lets compare an (offbase and inaccurate) economic argument with horrific atrocities and genocide. I can see how one would remind you of the other.

Whether you agree with Mulcair or not, politically its a brilliant strategy. He wants to govern, and odds are he won't win enough seats in the west to make that happen. What he needs is seats in the east and to take those from Harper. So the argument here splits Harpers base, right where Mulcair needs it split. That's not to say I agree with Mulcair or his position, but I can see why he is advancing it.

Yep, politics are a slimy game. It's not about what doing what you believe in, it's about doing what will get you elected and keep you there.

[OffsideSpecialist]

Originally Posted by peter12

As someone working, and studying politics in the East, I have been even more surprised than expected as to how deeply resentment runs towards the West's new-found wealth. Mulcair's rhetoric rings true with even political moderates.

I have seen more resentment towards Quebec on this board over the past couple months than I have seen resentment towards the west in my twenty years of living, working and studying in "the East"

[Ducay]

Originally Posted by Jacks

Yes. Charest (past tense) and McGuinty are one thing, they are trying to win seats in their provinces only. Mulcair is supposedly looking to govern the entire country and pitting one region against another is not exactly inspiring leadership.

Yes, he wants to govern the entire country, but that will only occur by winning seats out East. You don't win elections by trying to appeal to everyone on every subject. And he isn't pitting one region against another, he is pitting the people against the evil tar sands (the master polluters and duck murderers).

Mulcair is trying to highlight this as a "problem" that is causing manufacturing hardships out East. This gives those people something tangible to explain their current woes and lets them think things can be made better by "attacking" the oilsands (reducing output, methods, etc).

I can't say I really blame him, I mean, why not attack the oilsands right now, its a very popular/easy thing for people to hate, and if it helps you show your voters that it is also the cause of job problems, its a double whammy win. (despite being based mostly on lies)