It depends, if consumers buy Chinese goods the then the swing is not great. But if you do things like incentives for domestic tourism, eating at restaurants etc that is almost 100% domestic spend. The home reno rebate. during the financial crisis. was a good example.
I voted today! - Vote early / vote often!
- Thread starter Ceiling Cat
- Start date
There is a week left, that is enough time for PP to get a more respectable degree from Devry to polish up his qualifications.
Perhaps Carney should take some refresher courses as well because his budget is worse than the guy he's replacing.
I've seen no actual data that these things actually moved the GDP needle. The ONLY recent programs that I've seen actual evidence for is CERB and the increase in the baby bonus that really impacted (in a good way) poverty.
Given Harper's $58B of spending - what did Carney do again? - during the Financial Crisis, I doubt one can pin point it to the renovation credit.
For sure the reno credit kept people employed and things like the daycare program create real and sustained growth. The anti-child poverty focus to me was the most important as its benefits are long term and sustained. A child growing up in poverty is a multidecade liability so seeing it as an emergency is the correct way to treat it. Many of these programs do not increase the GDP but prevent its decline when companies are slashing and burning. Its not easy to measure but 3B will move the needle a bit. Also a lot of the GDP is hidden, sweat equity only turns into $ when you sell the house. I would say I have personally done over 100K in work to my house that is not reflected in the GDP.
You: For sure the reno credit kept people employed and things like the daycare program create real and sustained growth
Me: I've seen zero evidence that your opinion on these two programs are actually true. The Daycare is really just a convenience program and is equivalent to a tax reduction. That is, limited impact. Given it's impossible to find a space in daycare, this program really hasn't changed much. Feel free to provide a link to back up your opinion. Otherwise, it's just mental masturbation.
You; The anti-child poverty focus to me was the most important as its benefits are long term and sustained. A child growing up in poverty is a multidecade liability so seeing it as an emergency is the correct way to treat it. Many of these programs do not increase the GDP but prevent its decline when companies are slashing and burning.
Me; The so-called "anti-child poverty" focus was really called an increase to the "Canada Child Benefit. You're just wordsmithing which is the equivalent of self-pleasuring.
Reducing poverty (from one perspective) is the ultimate purpose of increased economic growth and there is a lot of StatsCan data to back up the opinions that this significantly reduced poverty. Thus, this was one of the few useful programs introduced in the last 9 years.
Personally, I would cap OAS for those seniors who have more than $60K income (it's currently $150K IIRC) and redirect this funding to dramatically increase the Canada Child Benefit as well as provincial programs such as ODSP and the Foster System. Again, no direct impact to GDP but certainly a bigger benefit than most of the bullshit programs proposed that seem to only benefit rich, wealthy Boomers. I give zero shits about so-called "poor" seniors which are THE richest demographic that selfishly suck up gov't benefits out of proportion to their numbers.
I am not arguing with you. IMHO the reduction in child poverty is a good reason to support the liberals as it will pay dividends for decades into the future. Yes I am favor of reducing the OAS cap as well and I find it suspiciously high. GIS should be boosted and OAS reduced. But let me tell you that I fully intend to take every benefit from seniors programs as I age as I paid a lot of taxes into the system over the years and you can bet I will not be shy about optimizing my retirement to max my benefits. I just figured out a way to show very low income from 65-72 so I can collect GIS so that's another 65K into the retirement kitty.
Why are we in a state in which we are today? Trump should not be the focus at all. We are fucked today because of the Liberal Party of Canada. Mark Carney was part of the liberal policies. He was a close friend and advisor to the wimp that we had as PM for 10 years. Why are people so myopic and think Carney can fix the Trump relationship. If not for Carney and his Wimpy friend we would have been in a better state to face Trump
Yup. Way worse. And he's trying to sugar coat it by discerning between the operating budget and the capital budget. Debt is debt.
it's so unfortunate that it's our money
and we let them throw it away it
and line their own pockets with it
I'm just pissed that I'm fully retired for the last 10 years, 6 figures investment income on line 23400 and getting a refund of $200. We're so screwing over anyone under 40.I am not arguing with you. IMHO the reduction in child poverty is a good reason to support the liberals as it will pay dividends for decades into the future. Yes I am favor of reducing the OAS cap as well and I find it suspiciously high. GIS should be boosted and OAS reduced. But let me tell you that I fully intend to take every benefit from seniors programs as I age as I paid a lot of taxes into the system over the years and you can bet I will not be shy about optimizing my retirement to max my benefits. I just figured out a way to show very low income from 65-72 so I can collect GIS so that's another 65K into the retirement kitty.
We do. But even if we did more it just means more money is wasted or hoarded by our political elites.
I have no problems with it and neither did shareholders who approved of the transaction. As a shareholder of Postmedia I'm happy because the shares look to be back on the rise after a gradual decline over the past 3 years.
What are you talking about?
How can Trump not be the focus when he puts tariffs on Canada, calls us the 51st state and inspires many quislings here?
Him, his ideologies and his trade war are existential threats to Canada.
So yes, we need to focus on Trump and the #1 priority is electing a government that is ideologically opposed to the one in the US.
That government is a Liberal one.
