Canadian Federal Politics Thread v5

[Cappy]

Originally Posted by 2Stonedbirds

Agreed, but what does anyone have at the end of the day to show for it?
Household debt is off the charts. I remember a study conducted before covid, showing nearly half of Canadians are $200 away from insolvency. That blows my mind. For many, things look great. New car, new house, vacations, ect as you mentioned... but the hot water tank popping means they're ####ed.

https://www.google.com/amp/s/www.cbc.ca/amp/1.4986586

People are spending money, sure. It just isn't theirs. I'm not sure bubble begins to describe the situation. At some point does it not pop?

100% that is an issue, and prior to covid there were a lot of negative trending indicators that showed we were heading to a recession. COVID interrupted that and the immense spending by all governments certainly postponed those issues to an extent (increased savings by many people during that time helped as well)

But again, this is how the system is designed. Saving money doesn't help the economy.

[PepsiFree]

Originally Posted by Yoho

Great analogy home, grocery, and fuel prices in all of Canada are equally as impactful as Alberta’s electricity prices.

Alberta is still (despite your wishes) part of Canada, and having to pay more to keep the lights on means you have even less to spend on groceries and gas.

But it’s OK because it’s Mom making a bad problem worse, right? Not that nasty meany Trudeau.

Genius stuff.

[Cappy]

Originally Posted by Yoho

Great analogy home, grocery, and fuel prices in all of Canada are equally as impactful as Alberta’s electricity prices.

Food and fuel are two items (among many) that are bought and sold on a global market. There are way too many supply/demand issues here to attribute to one single thing.

Alberta's electricity is, largely, insular. It's a pretty easy target when determining the ability of a government to decrease prices.

[GGG]

Originally Posted by Yoho

I disagree that the Conservatives would have led us to this same financial abyss.

This was 2020 Pierre sounding the alarm.

I think it’s naive to think there was no possible way for any different outcome.

The Liberals knew full well what they were doing and pressed on the “tomorrow never comes” plan.

Fast forward to today and the piper needs to get paid.

The revisionist history that “no one could have seen this coming” rings hollow.

https://twitter.com/user/status/1327683071987081217

But polliverre aslo said this

Poilievre rejects the premise that the Conservatives would not have helped struggling Canadians as well as the Liberals. He points out that it was his party that pushed the government to bring in an income replacement program much faster and at a much higher rate than the Liberals proposed.

He wanted to spend more faster. He’s the opposition leader so he has the easy job of being able to be against everything and not have to stand by a track record of the decisions made in the moment.
https://calgaryherald.com/opinion/co...38421ec64/amp/

[Yoho]

Originally Posted by Cappy

Food and fuel are two items (among many) that are bought and sold on a global market. There are way too many supply/demand issues here to attribute to one single thing.

Alberta's electricity is, largely, insular. It's a pretty easy target when determining the ability of a government to decrease prices.

I wonder if the Liberal deficit spending has anything to do with inflation in Canada and the current cost of living.

But I’m sure like when Freeland tries to secure billions for a company that didn’t exist that wasn’t their fault either.


But yeah “what about the Alberta UCP”

https://torontosun.com/opinion/colum...t-doesnt-exist

[TheIronMaiden]

Originally Posted by flamesfever

How do you see the bolded happening?

Indexing wages to profit margins. In short, record profits should equate to record wages.

[opendoor]

Originally Posted by 2Stonedbirds

Household debt is off the charts. I remember a study conducted before covid, showing nearly half of Canadians are $200 away from insolvency. That blows my mind. For many, things look great. New car, new house, vacations, ect as you mentioned... but the hot water tank popping means they're ####ed.

https://www.google.com/amp/s/www.cbc.ca/amp/1.4986586

People are spending money, sure. It just isn't theirs. I'm not sure bubble begins to describe the situation. At some point does it not pop?

Keep in mind, those surveys are basically BS. They do them every single year and it's always 50% of Canadians (+/- a few % either way) who are on the brink of insolvency. Yet no other economic data backs that up, and through significantly changing economic conditions, insolvencies are still very low.

Either the methodology of the polling is terrible (it's funded by an insolvency trustee company, so there may be some conflict of interest there) or the people they poll simply have no idea about their own finances. The median net worth of a Canadian household is about $330K, so the idea that anyone near the 50th percentile of the population for wealth is $200 from insolvency is ridiculous.

[Lubicon]

Originally Posted by TheIronMaiden

Indexing wages to profit margins. In short, record profits should equate to record wages.

That can go both ways however. No profit margin (or losses) lead to wage cuts? That's how it's mainly been in my industry for the past 8 years.

[2Stonedbirds]

Originally Posted by opendoor

Keep in mind, those surveys are basically BS. They do them every single year and it's always 50% of Canadians (+/- a few % either way) who are on the brink of insolvency. Yet no other economic data backs that up, and through significantly changing economic conditions, insolvencies are still very low.

Either the methodology of the polling is terrible (it's funded by an insolvency trustee company, so there may be some conflict of interest there) or the people they poll simply have no idea about their own finances. The median net worth of a Canadian household is about $330K, so the idea that anyone near the 50th percentile of the population for wealth is $200 from insolvency is ridiculous.

If that net worth includes the value of their home at any given snapshot in time, I'm not sure that makes it better or worse.

[CorsiHockeyLeague]

It would presumably include the equity value. If you're underwater on your mortgage, it's a negative.

[belsarius]

Originally Posted by Yoho

Ever increasing public sector vs. ever shrinking small buisness and private sector IMO.

What planet are you on? The public sector has been shrinking in regards to total economic output compared to the private sector for 40 years. Are you even old enough to remember the sell off of all of the crown corporations of the 90s and giving all of that business to the private sector. Sure the public sector is growing, so is the country, but you are on the moon if you are saying the public sector is growing vs a shrinking private sector.

Now the small business shrinking is a different issue, but that's what you want.. market forces in action.

[opendoor]

Originally Posted by 2Stonedbirds

If that net worth includes the value of their home at any given snapshot in time, I'm not sure that makes it better or worse.

It would include the equity they have. And someone with over $300K in equity is obviously not $200 away from insolvency.

And even ignoring that, the stat is clearly ridiculous. There are about 100K bankruptcies/consumer proposals in Canada in most years, which represents about 0.3% of the adult population. If 50% of the population was truly $200 from insolvency, then you would expect more than 1 in 330 adults to end up there.

[Johnny Makarov]

Originally Posted by Cappy

You don't think the Conservatives would've spent money during Covid? you think they would've had balanced budgets?

Remember tax cuts are also costs to the government that increase debt.

You think rising interest rates are a strictly LPC phenomenon?

all this whining and pouting by Pierre. What would he have done other than make youtube videos with 2X4s and switching us to a bitcoin.

[Cappy]

Originally Posted by Yoho

I wonder if the Liberal deficit spending has anything to do with inflation in Canada and the current cost of living.

Of course it did; but people have posted on here before (with evidence) that (1) the Conservatives would've spent the money too; and (2) the increase in spending / money supply is not the one thing / or the major contributor to high inflation in Canada.

You cannot point the finger at food and fuel prices as a sole LPC failure. It undermines the credibility of other, more serious issues, like how the money was spent...

But I’m sure like when Freeland tries to secure billions for a company that didn’t exist that wasn’t their fault either.

Like this.

But yeah “what about the Alberta UCP”

What about them????

[Yoho]

Originally Posted by belsarius

What planet are you on? The public sector has been shrinking in regards to total economic output compared to the private sector for 40 years. Are you even old enough to remember the sell off of all of the crown corporations of the 90s and giving all of that business to the private sector. Sure the public sector is growing, so is the country, but you are on the moon if you are saying the public sector is growing vs a shrinking private sector.

Now the small business shrinking is a different issue, but that's what you want.. market forces in action.

“ The data show that workers have been more than willing to join the fast-expanding public service. From April 2014 to April 2023, federal, provincial and municipal employment grew 22.3 per cent, private-sector employment only 11.4 per cent. ”

“ Public-sector workers are highly unionized. So it is not surprising they have succeeded in pushing up salaries and benefits faster than in the private sector. The average hourly wage and benefits for unionized workers (both private and public) is $35.44, which is nine per cent more than for non-unionized workers. But despite the potential for wage gains through bargaining, private-sector unionization fell from 21 per cent in 1997 to just 15 per cent in 2021, even as unionization grew from 74 to 77 per cent in the public sector.”


https://financialpost.com/opinion/pu...7d4954ae2/amp/

[Yoho]

Originally Posted by Cappy

Of course it did; but people have posted on here before (with evidence) that (1) the Conservatives would've spent the money too; and (2) the increase in spending / money supply is not the one thing / or the major contributor to high inflation in Canada.

You cannot point the finger at food and fuel prices as a sole LPC failure. It undermines the credibility of other, more serious issues, like how the money was spent...



Like this.



What about them????

You’re right the Alberta thing was in response to other “what about” poster.

[PepsiFree]

Originally Posted by Yoho

You’re right the Alberta thing was in response to other “what about” poster.

Yeah, but what about them? You live in Alberta, right? So you agree that the UCP has exacerbated the issue and that increased electricity bills are hurting affordability for Albertans who are already struggling with food and gas prices? Or no?

[Firebot]

In a pretty bold and shameless move, the Liberals are using a national emergency where lives are at stakes as a political tool to force Meta to break the law they themselves implemented designed to censor news.

https://www.reuters.com/technology/c...rce=reddit.com

"Meta's reckless choice to block news ... is hurting access to vital information on Facebook and Instagram," Heritage Minister Pascale St-Onge said in a social media post.

Apparently Facebook and Instagram is vital to get information across because apparently the federal government does not have tools available such as the emergency broadcast system. Perhaps the Liberals should have realized the implications of this prior to implementing C-18, for which Meta and Google (who has stated they will stop links to news once the law is in place in December) has chosen to fully abide by the law.

Meta for their part continues to provide access to government sites and agencies which were not subject to the C-18 censorship bill, and for which should provide emergency information available to Canadians for those who use social media for sourcing info.

In response, a Meta spokesperson said by email that the company had activated the "Safety Check" feature on Facebook that allows users to spread the word that they are safe in the wake of a natural disaster or a crisis.

Canadians can use Facebook and Instagram to access content from official government agencies, emergency services and non-governmental organizations, the spokesperson added.

Meta says users do not come to its platform for news and forcing the company to pay for content shared on its platforms is unsustainable for its business.

For the most part, reactions found on Reddit to the news (which ironically is not subject to C-18 censorship for now, but could be in the future) are wise to the shameless political grandstanding and putting this squarely on the Liberal government.

[Firebot]

Aug 1's pinned tweet.

https://twitter.com/user/status/1686478810357657600

https://twitter.com/user/status/1692603870797558135

Aug 1 St-Onge lamented about Meta and Google needing to pay their fair share and needing to follow the law, and how the government is here to stand up against tech giants.

Today she is blasting Meta for abiding by the law...before the act is in force? What if the act was in force now? Why is she using this emergency and tragedy for political grandstanding?

Liberals can end this today, strike a deal with Meta and Google, and I'm sure Meta will oblige with promises from our government to squash a broken law detrimental to Canadians interests, if their intentions is truly about informing and benefiting Canadians

[Aarongavey]

Originally Posted by Firebot

Aug 1's pinned tweet.

https://twitter.com/user/status/1686478810357657600

https://twitter.com/user/status/1692603870797558135

Aug 1 St-Onge lamented about Meta and Google needing to pay their fair share and needing to follow the law, and how the government is here to stand up against tech giants.

Today she is blasting Meta for abiding by the law...before the act is in force? What if the act was in force now? Why is she using this emergency and tragedy for political grandstanding?

Liberals can end this today, strike a deal with Meta and Google, and I'm sure Meta will oblige with promises from our government to squash a broken law detrimental to Canadians interests, if their intentions is truly about informing and benefiting Canadians

https://www.cnn.com/2023/08/17/media...iable-sources/

A spokesperson for Meta declined to comment. But the changes publishers are seeing are in lockstep with the sentiment toward news that the company’s executives have publicly voiced. After years and years of trying to court publishers, it’s evident that Mark Zuckerberg and company are headed for the news business exit

Meta is pulling out of news in the United States of America and they don’t even have a law so I doubt that Meta gives a #### with or without a deal.