Category: nannystate

Money For Nothing

Here are the results of the latest Carney/Blubber Dougie love-in: ever since Canada decided not to bother with any more trade negotiations with the US, taxpayers will now be expected to backfill the losses of those affected by the standoff.

A new “joint steel action fund” that includes $3.5 billion in funding from Canada and $1.7 billion from Ontario, spread out over five years, will assist steel companies in expanding the types of products they make.

The overall plan also includes $2.5 billion for the automotive sector — with the federal government chipping in $1.5 billion.

Wilful Blindness

What about the shock of France going bankrupt while being pillaged by mobs of Antifa fellow travelers? Why wouldn’t that at least register on Macklem’s radar screen? Or would that get in the way of cheerleading for Canada’s new “relationship” with Europe?

The head of the Bank of Canada spoke to reporters on Saturday in a press conference from the sidelines of the International Monetary Fund meetings in Bangkok.

He said the prevailing message from his peers at the summit is that the global economy has been performing better than expected in the face of ongoing wars in Iran and Ukraine, sweeping trade disruptions and higher borrowing costs from rising bond yields.

Rioting Surrender Monkeys

Couldn’t they just freeze their bank accounts? Oh, wait, these protesters are leftists demanding more free stuff, so outright violence is an acceptable way to get that.

Police fired tear gas to control crowds in Paris and elsewhere in France on Tuesday as more than a quarter of a million people rallied nationwide to support high school students demanding more education funding,

“Riot police, batons, rubber bullets, tear gas,” said Aurélien Le Coq, a lawmaker with the far-left France Unbowed party. Its presidential candidate is strongly backing the protests. The violence is “absolutely unbearable,” Le Coq said.

 

Too Little, Too Late

If the regulatory burden wasn’t so onerous, a northern pipeline would be self-financing, thus relieving Ontario taxpayers of the capital expenditure. But Blubber Dougie will promise pretty much anything to anyone these days, as do most of his political counterparts across the nation.

“Ontario is ready to supply the patient capital needed to get the project built,” Ford said. The premier later told reporters Ontario won’t pay for the pipeline alone, and that he expects outside investors to come to the table.

I guess Ontario’s deficits will just pay for themselves if only we build some pipelines?

Recall that back in 2018 Doug Ford called then-premier Kathleen Wynne’s spending “reckless” — which it was. But the deficit that year was $3.7 billion, not $13 billion. If the previous Liberal government’s $3.7-billion deficit was reckless, how the current government’s $13-billion deficit can be responsible is a mystery Premier Ford and his finance minister have left unexplained.

Dumb And Dumber

Sometimes I wonder why the main political parties don’t just merge and get it over with. When they appear to agree that deficits will somehow pay for themselves, what difference would it really make?

British Columbia NDP Leader David Eby says his government would bring down the multibillion-dollar deficit year-over-year if elected by growing the economy and cutting what he called wasteful spending.

The province faces a projected deficit of $13.8 billion and Doerkson says Conservatives would trim that by growing the economy, if they win the snap election on Oct. 24.

Lightening The Burden

Too bad they didn’t scrap the requirements entirely. But it’s a step in the right direction.

The Department of Transportation and the National Highway Traffic Safety Administration estimated that the finalized standards would correspond to a combined industry fleetwide average of roughly 34.9 miles per gallon for passenger cars and light trucks in the 2031 model year. That’s up from 30.1 miles per gallon for model year 2024, but down from a projected 50.4 miles per gallon in 2031 under rules put in place by the Biden administration.

Climate Marxism

So Doctor Fruit Fly is frustrated and angry with our new PM? If only Carney would give him a lot more to get angry about.

Suzuki, 90, retired from hosting the show four years ago, but still wants to talk to Canadians about the environment. This time though, the educational message is tinged with exasperation.

Canadians and people around the world have their priorities wrong, he said.

“So if that doesn’t tell you right there what kind of a f–ked-up system we have, that is exploiting the very things that keep us alive. And we don’t put any value on it.”

The Masochistic Economy

Economies with fiat currencies will always have a tough time handling higher interest rates, given the exponential growth in debt that necessarily goes along with fiat. The insatiable demand from low IQ voters for more free stuff doesn’t help either. Nonetheless, it looks like we’re in for more rate hikes in the near future. Hold onto your hats, folks.

“Further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion,” Barr said in a speech in Chicago. “Inflation is above our 2% target and not clearly trending toward target in a timely way. Moreover, risks to achieving our inflation target have increased, while risks to the labor market have receded.”

To make matters worse, we now have a seven percent solution for the US housing market.

Ain’t Gonna Happen

A balanced budget at any level of government in Canada is wishful thinking on steroids these days. John Q. Voter’s capacity for critical thinking was numbed so effectively by the Covid spending spree that any political party would be wiped out at the polls if they implemented anything beyond token spending cuts.

The Parti Québécois is promising to balance the provincial budget by 2028-2029, a year earlier than the current Quebec government’s projections.

The PQ’s plan calls for a $6.6-billion reduction in government spending over five years.

Economic Illiteracy

Deliberately choosing to pay more than you need to for inputs doesn’t make your province richer; the reality is quite the opposite. My guess is that the “buy local” gambit is going to be used not only as an excuse to shut out American suppliers but suppliers in other provinces as well. In any case, there’s no way a few sales to the Quebec government can replace the losses from being unable to sell into a market ten times the size of Canada’s.

The Quebec government has announced a series of measures to promote buying locally in response to the escalating trade war between Canada and the United States.

Premier Christine Fréchette says the measures will inject about $1.5 billion into the Quebec economy in the next four months.

 

 

At Whose Expense?

Every time a politician tells you that his policy will “come at a cost“, you just know he doesn’t have your best interests in mind.

Carney discussed Canada’s plan to respond to the U.S. trade war by striking new trade deals with other countries.

“We have everything we need to pivot and prosper,” he said.

“That pivot will come at a cost. There’s always a cost to action. But it doesn’t come close to the cost of standing still.”

Priorities, Priorities…

Canada still doesn’t have a coast to coast four lane highway, but it seems the bigger priority is to subsidize water systems for ratepayers in the oil patch. And then there’s the requisite mention of community centers, as if it were literally impossible for such entities to be financially self-sufficient. The mind boggles….

On Tuesday, the federal government confirmed a contribution of up to $29 million to the North Calgary Water Servicing project, funded through the Direct Delivery stream of the new Build Communities Strong Fund…

…$17.2 billion for provinces and territories, $6 billion for direct federal delivery on regionally significant projects and $27.8 billion flowing to local governments for roads, transit, water systems and community centres.

Cultural Imperialism

Were the latest CRTC mandates, and justifiable American opposition to them, the excuse for claiming a supposed threat to Quebecois culture and ending the trade talks? None of that would surprise me. In any case, it’s an incredibly stupid hill to die on and it sickens me that Canadians seem happy to go along with that.

Prime Minister Mark Carney has said the U.S. put pressure on Canada to adjust its position on rules around discoverability of content online, and that U.S. demands would have affected Canada’s ability to protect its culture, including the French language.

If Wishes Were Horses…

As of yesterday social media has been chock full of posts from Carney’s water carriers desperately trying to rationalize a defeat into victory. Good luck with that. All that remains now is to declare than any trade deal is a good deal so that the remaining provinces can safely lift the ban on American booze while hoping that no one remembers their idiocy.

“If I were leading the country, I’d fight. I think we should fight this guy,” he told the station.

Kinew said Manitoba still has to see some details, but if the booze goes back on shelves, his government reserves the right to pull it back off again if U.S. President Donald Trump changes terms.

 

Missing The Big Picture

Here’s an idea: tell water and sewer utilities to levy sufficient charges to cover the cost of capital improvements and replacement of infrastructure. Then the federal and provincial governments can put their money into real infrastructure projects such as twinning the trans-Canada highway in northern Ontario and BC. We ought to be ashamed of the fact that Mexico has more sensible highway systems than we do.

Ontario and Ottawa are announcing up to $1 billion to help municipalities in the province build infrastructure for more homes.

The money will go to municipalities that do not collect development charges for things like roads, bridges and water systems.

Le Syndrome De Stockholm

As a Manitoban, sometimes I console myself with the knowledge that at least I don’t live in Quebec. Over there, the party that champions the cause of government inspectors telling you how to spell hamburger is trying to assure Anglophones that there’s really nothing to worry about if you vote for them.

“Underneath that pledge is also the fact the anglos don’t fear the PQ any more since anglos and francos share the same realities and concerns. Public discourse has too often encouraged the mistaken belief that the concerns of French-speaking and English-speaking Quebecers are fundamentally at odds.

The Uniparty State

I’ve noticed that political party lines are becoming increasingly blurred these days, and not just in Canada. Are we getting to the point where we don’t have many real choices any more, or is that just the way it’s always been?

Under socialism, government owns the means of production, which the U.S. government increasingly wants to do. In June, through $750 million in investments, it took minority equity stakes in two semiconductor companies. In July, through up to $874 million in additional funding, it took minority equity stakes in six more and increased its ownership of a seventh. The Cato Institute counts 30 companies in the federal government’s expanded corporate portfolio. “Republicans warning that communists are taking over the Democratic Party might first ask why their own administration is so eager to have the government acquire pieces of private companies,” Cato analyst Tad DeHaven suggested.

 

Unintended Consequences?

Can someone make this make sense? With the Carney government having raised tariffs on imported steel, some Western Canadian users of steel now find that they’re uncompetitive. Rather than instantly resolve the problem by dropping the tariffs, taxpayers will instead be forced to cover half the shipping costs of steel orders from mills in the east.

Under a new Commodities Sectoral Support Program announced on Monday, steel shippers can apply for a rebate that will offset 50 per cent of the costs to ship domestic steel by rail or marine transport across provinces and territories.

“There’s no rebar business in B.C. that’s flourishing right now,” Michaud said. “Everybody is doing the work, just at a massively reduced profit margin. Shipping it from the East is just not very good financially.”

Awash With Idiocy

Faced with widespread backpedaling on the most useless aspects of  the climate science cult, hacks like Gwynne Dyer just double down: since we can’t jettison fossil fuels fast enough, let’s just embark on an attempt to do nothing less than geoengineer the weather as if the earth were connected to a house thermostat. What could possibly go wrong?

Cutting our carbon dioxide and methane emissions, while it is still vital, cannot act fast enough….

What can act fast enough is Solar Radiation Management (SRM for short). That includes any technique that reflects some incoming sunlight back into space and cools the planet, but the most promising one involves putting some reflective substance into the stratosphere.

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