“I would say we’re in a recession, I wouldn’t even call it a technical one,” said Poloz, now special adviser to Osler, Hoskin & Harcourt LLP, during a webinar on Tuesday. “A technical one is a superficial definition that you have two quarters of negative growth in a row, and we haven’t had that, but the reason is because we’ve been swamped with new immigrants who buy the basics in life, and that boosts our consumption enough.
gross domestic product per capita had declined for the sixth consecutive quarter,
We obviously are not importing productive (im)migrants.
Study done showed less than 1 in 12 of the immigrants is employed.
They want chaos, class divisions, rampant inflation, racial strife and bankruptcies.
“The whole secret lies in confusing the enemy, so that he cannot fathom our real intent.”
-Sun Tzu
(your ) Diversity is our, (the Liberal party we mean) strength
So in war, the way is to avoid what is strong (truth and transparency) and to strike at what is weak (prosperity induced white guilt).
-Sun Tzu
Therefore the clever combatant imposes his will on the enemy, but does not allow the enemy’s will to be imposed on him (via the shameless application of double standards).
-Sun Tzu
Sun Tzu’s reputation is well earned.
FedGov spending increased by 1.9% from Q2-2024 to Q3-2024, so government is growing faster than the public.
Deficit spending!
exactly. heyo right wingers, STOP calling it ‘spending’ when in fact at some point in each year da gubbamint (ALL parties do this) SPENDS all the taxes they collected that year. EVERYTHING AFTER is merely increased DEBT.
Poloz was Trudeau’s enabler who did quantitative easing out the wazoo leading to the inflation mess and the Bank of Canada going bankrupt. Macklem was left with a mess at the Bank of Canada and we are left with a mess of debt and inflation. Poloz = worst governor of the Bank of Canada in its history.
why oh why do we keep insisting on GDP as the best indicator of the state of the economy? to include government spending and view that spending as somehow stimulating the economy equal to private sector spending is borderline insanity.
Who gains from immigrants flooding in?
1. Big Biz
Or at least some.
Grocery stores do well.
Telephone/internety fckers do well.
Developers do well.
2. Big Gov
Overall the country gets more toilety.
And I’m not blaming the immigrants.
#TurdholeDominion
You could argue that this government’s deficits are the only thing that has kept us out of a recession. What it really has done is paper over our week position to make the government look good (less bad?) while kicking the can down the road so it will be someone else’s problem. The best news is that 2/3 of these incompetents will be fired. Unfortunately some will be awarded indexed pensions for their role in sabotaging the economy. A plague on their houses