Justin Trudeau has accused the Government of Canada of putting all its eggs in one basket, referring to how falling oil prices have hurt government revenues.
Given that our young friend might be the prime minister of Canada in 250 days, perhaps we should examine this statement to see what he knows about the economy and eggs.
Oh, Shiny Pony!
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Recent Comments
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I'll take, "looking for his car in the parking lot" for $500
all of your eggs in one basket = bad
oil = bad
PMSH = bad
It is that simple.
Whoa! Junior does not realize that oil accounts for only 8.5% of our economy.
PM Harper did not put those companys to work, private industry and investors did.
I think if JT can get his "Blue Steel" look going he will win with a majority!
In his drug addled stupor, "True-Dope-ia 2.0's" vision will most likely need reality correction.
His most likely result is to drop the egg basket, creating a scrambled mess.
And how would you like your breakfast? A Humpty Dumpty economy coming right up!
I expect with "True-Dope-ia 2.0"; he will achieve much drama, resulting in tragedy.
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group 'True North'
The leader with far away eyes.
Unfortunately the average voter in Canada believes Trudeau and the ''eggs'' remark.
I burst out laughing the other day when Justin said that ''we have to revitalize the manufacturing sector in Ontario,something THIS HARPER government hasn't done''!
And the way to do that is to implement a carbon tax and raise corporate tax rates, plus invest heavily in wind and solar power!!
Anyone know if there is a book available ,''Economics for Dummies'', so I can send Justin a copy?
"Anyone know if there is a book available ,''Economics for Dummies'', so I can send Justin a copy?"
Best start with a grade 1 primer. Something with lots of pictures...of turdo la doo.
So many of Justin's sound bites like they come out of a Junior High debating club.
There is an old military expression - "reinforce success, not failure" A lot more is to be gained promoting successful industry than flogging dead ones.
The only reason this guy is getting anywhere is because people are smitten with the fact that he has a famous father. Now, I like Keith Richards as much as the next guy. But we are talking about running a country here!
Shiny Pony could make the movie, "Dumb and Dumber" all by himself.
More proof Trudeau and Ontario's big spending and broke Premier Wynne are in cahoots...the Pony says the Feds are not giving Ontario enough money! The facts of course tell a different story, something Trudeau wouldn't bother to check out.
His step father's puny little Mercedes convertible is nothing compared to the inheritance of baby daddy's music royalties!
I think "Turdo La Doo" needs his own country to rule. And if that means kicking out Morontario and Queeebeck to make his dream a reality - I am just peachy with it.
You can bet those eastern idiots will be aiming to finance their pipe dreams and sticking the west with the bill like they've always done. I think if they actually had to pay for their own lesbian-only bike paths they might re-consider their economics.
As long as labour costs are cheaper in places like China and as long as unions make manufacturing exportable goods uncompetitive in the western world, manufacturing jobs are not coming back to eastern Canada.
Easterners better learn to be loggers and miners because if a job can be done cheaper overseas, that is where it's going.
Unfortunately for J.Trudeau, a large part of his present constituency is going to be at odds with harvesting resources and harvesting resources is the economic future for eastern Canada.
Atlantic Canada loves the Liberals for reasons we all know but can't say. When a region relies on seasonal work and seasonal dole they rely heavily on Equalization. We all know how offended they are when this is mentioned. Just ask Stephen Harper who once said he would like to help them get rid of their culture of dependency.
http://canadafreepress.com/index.php/article/69267
If Trudeau fils were really looking for someone to blame for Ontarians’ economic woes, a good place to start would be with the Provincial Liberals. There are numerous reasons why the Ontario economy is lagging, chief among them the Clean Energy Act that mandated alternative (green) energy sources for Ontario’s electricity supply. The outcome is that Ontario has the highest electricity costs of any jurisdiction in North America, higher even than California. And we all know that manufacturing requires a lot of electricity.
The Liberals made a deal with South Korean manufacturing giant Samsung to produce $10 billion worth of windmills, thousands of which are now polluting the landscape all over Ontario as well as countless solar installations. What’s more, each wind or solar installation requires a traditional coal, gas or hydro generation facility for those cloudy days when the wind doesn’t blow. Adding insult to injury, Ontario is often forced to sell surplus electricity to neighbouring jurisdictions, like New York and Michigan at a loss! These “green” energy sources account for about 4% of the provinces electricity, yet are responsible for over 30% of the cost.
“Green” energy sources account for about 4% of the provinces electricity, yet are responsible for over 30% of the cost
Then there’s the small matter of the provincial budget deficit. It’s actually no “small” matter, given that currently Ontario’s Liberals are spending a lot more than they’re taking in in taxes, with no end in sight. By the end of fiscal 2013, Ontario’s debt was a whopping $288.10 billion representing 37.4% of GDP, the highest in Ontario history. If more than one-third of your gross domestic product is debt that goes to fund a ravenous beast addicted to shopping, then the future doesn’t look very promising.
The only thing young Trudeau and his minions are likely to have achieved at their caucus retreat in southwestern Ontario is blowing smoke into the ears of local politicians with promises of easy prosperity. And like the numerous wind turbines sucking wealth from Ontarians’ pockets these promises of easy wealth, like smoke, will dissipate into nothingness.
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group 'True North'
Hey!
How about a centrally planned economy directed from Ottawa?
Sure, that'll work!
Good article on the subject today :
http://business.financialpost.com/2015/01/27/ending-ontarios-wind-experiment/
No doubt Mr Trudeau will use this to campaign against the Family Tax Cut:
Families earning more than $233,000 will gain most from Conservatives' income splitting plan, says new report
http://www.hilltimes.com/news/legislation/2015/01/27/families-earning-more-than-%24233000-will-gain-most-from-conservatives-income/40858
From the Canadian Centre for Policy Alternatives a far left so-called think tank populated by such intellectual stars as Maud Barlow and Paul Hellyer. I don't have the temperament to read their, judging by the sources, marxist justification. Maybe others of stouter stuff could could offer a critique. I made the mistake of reading one of their articles, The Deficit Made Me Do It, where they incredulously claimed interest rate hikes cause inflation ceretus paribus (all other things being equal). An economist friend told me the author hadn`t read anything in 25 years.
Perhaps, but doubtfully, Mr Trudeau will quote this primer on our so-called over reliance on oil:
http://news.nationalpost.com/2015/01/27/stephen-gordon-the-petro-plunge-will-be-painful-but-we-will-adapt/
No one will be surprised to learn that higher oil prices spurred more oil production, but the increase was surprisingly modest: The average growth rate of after the 2002 was 3.6%, compared to 2.6% during the preceding 12 years. But since other sectors have been growing even faster, the oil and gas sector’s share of GDP declined from 6.4% in 2002 to 6% in 2014. Its share of employment has increased, but is still only 1.7% of the total. Claims to the effect that Canada has become a “petro state” or that its economy is largely dependent on oil simply do not mesh with the facts. As far as output and employment are concerned, the Canadian economy of 2015 is surprisingly similar to what it looked like in 2002.
....to hear all that PT Jr. knows about the economy should take all of a minute.......I take that back it will take him a couple of minutes to figure out what the question is and searching his brain to see if he has memorized a talking point to answer it.
Talk about "everything in one basket", JT will be the king of that concept, raise every tax there's ever been and dream up a dozen new ones. See folks I can balance the budget, unlike that mean stupid Harper.
The crown prince of hair can't slag silent Steve on basing revenues on petro production - because the rest of the nation;s major industries have been either hamstrung or chased offshore by the very economic fascism Truedough rev 2.0 is pimping - only the oil patch is cranking the big bucks into the coffers - and look at the respect they get for it from these pinch nosed eastern commies.
Only becasue "True-Dope-ia 2.0" thinking is that the Canadian economy is based on oil and gas, in other words a "ONE TRICK PONY".
Multi-variable thought processes don't sit well with the master of PI, and a completely reordered space time continuum.
When is his next shuttle back to the Andromeda Galaxy?
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group 'True North'
Thank you, Karl. I will clean the spewed coffee off my keyboard immediately.
Clearly, it's time for us Canadians to re-think "time and space", because when we do "the budget will balance itself", or some such horseshit... just ask Justine the clown, he knows how to fall down stairs and do somersaults too...
Where do these idiots to their research? Actually, you don't have to be over $233,000 income (in a single-income family) to get the maximum $2000 tax cut: you get it at $233.000. Assuming "non-working" spouse and one child over 7, (this Alberta to simplify matters), you go from $$52,635 federal tax to $50,635 federal tax, a saving of about 4% on a very high tax bill. I can get the same $2000 deduction for a single-income family of $100,000 goes from 15,057.60 to 13,057.60 which is a saving of around 13%.
It is true that this particular tax-splitting program does not work when both parents are in the same tax bracket. In tax classes these past weeks, it has been emphasized that the spouses have to be in DIFFERENT tax brackets for there to be any benefit. But then, couples with similar incomes have already managed a form of income splitting. It is also true that lower-income families do not benefit so much as higher-income families. True. However, consider this: 1) lower-income families pay a lot lower taxes than do higher-income families; and, 2) lower-income families get non-taxable extras such as the GST credit and the Child Tax Benefit.
Back in the day, I once calculated that a single-income family earning $40,000 would pay the same as a couple each earning only $20,000 each only if they had (as memory serves) 13.5 offsprings. True, there would have been family allowance, but it would have gone nowhere near paying for the much-needed mother's help to care for all the children. The reply was that the couple each earning $20,000 were 'working' and, it was implied, contributing to society far more than the 'non-working' spouse. To which my response was always - after pointing out icily that not paid didn't mean not working, and there was no such thing as a non-working mother - that it could be that a couple had elected to split a teaching position (an idea which was widely lauded back then), which meant that each worked half-time so no extra 'real work'. In addition, because each parent worked, any offspring could be shuffled off to daycare and that would be tax-deductible.
That being said, the Conservatives need to modify their advertising rather a lot. Am not looking forward to hordes of parents descending upon moi expecting $2000 back when they don't qualify.
Let's be absolutely clear about one thing here:
Government is not supposed to run the economy.
Consumer decisions are supposed to run the economy.
In Trudeau's world the government should have anticipated every market force and twigged some knobs and pulled some levers on the magical unicorn train and solved everything. How is that working out for Barack Hussein "not a muslim" Obama? (muslims don't golf or something)
Muslims can golf. Swinging a club is part of a bigger picture in case AK 47's are in short supply.
http://bcmuslimgolfers.com/
Frances: That being said, the Conservatives need to modify their advertising rather a lot. Am not looking forward to hordes of parents descending upon moi expecting $2000 back when they don't qualify.
I`ve already had to to do that. I`m still trying to figure out the formula on the schedule in my 2014 tax prep program.
My comment on Monte Solberg's article;
Michael McCallion · Top Commenter · Brock University
Does anyone, even the enemedia doesn't try a drive-by smear of P.M. Harper, when the Bank of Canada makes a preemptive strike against the Speculators and Euro-Vulture scammers at the first step in the Greek Government change?
Do you think some person appointed to BoC by a Trudeau, either past or aspirant, would have;
!/. a BoC Governor who would take the resposibility of lowering
the Canadian benchmark interest rate?
2/. a BoC Governor who would be able to discuss the rationality of the Board of Governors of the BoC making such a move with a Prime Minister capable of understanding the need for the change?
The Major Banks of Canada immediately projected a much lower exchange rate at the time. This much lower rate did not happen because of the preemptive strike by the BoC.