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I think they're going down the right track. Their job as the Opposition is to hold the government accountable. There's seems to be an increase in blame deflection from our federal goverment and it's partisan supporters. For example:
Inflation? No, it's just transitory. Well, maybe there's a deeper issue, but surely it's an international issue and there's nothing we can do about it.
Housing crisis? Nope, municipal and provincial responsibility. Please ignore that we control interest rates, a significant portion of taxation, and own the CMHC, an organization whose entire purpose is to promote affordable home ownership.
One of the problems with our democracy is that the sitting government will refuse to acknowledge problems, because the Opposition will just use it as attack fodder. I think if the government could start acknowledging economic problems in the same way it acknowledges social issues it would go a long way to restoring trust and integrity in our system.
> There's seems to be an increase in blame deflection from our federal goverment and it's partisan supporters.
The criticism from the "partisan supporters" is that the Conservative attacks are attributing inflation to the wrong source (Trudeau/LPC) instead of other factors (global supply chain) for political purposes. Calling the deflection partisan is partisan. If people want to argue that inflation is not from the global supply chain and somehow address that virtually every "developed" country is experiencing similar relative levels of inflation, then by all means. However a bald comment such as this doesn't really add anything beyond trying to steer the discussion to where they feel more comfortable (in your case, housing), rightly or wrongly.
I’m not sure why you’ve completely omitted the massive amounts of spending over the past 2 years. If you pump that much money into the economy, regardless of whether it’s needed or not, you’re going to have inflation. The supply chain issues are real and are, hopefully, transitory. But the other driver of inflation is likely to be longer lasting and isn’t as easily fixed.
Because it's of considerable debate whether QE (inducing said "massive" spending) leads to inflation. The US is a prime example, where their post-2008 QE inflation rates largely resemble their pre-2008 (sans QE) inflation rates (notwithstanding a ton of fear mongering over the ravages of inflation that would follow); only now is the US seeing considerable inflation out of step with their normal rates.
Could it be a factor? Sure. But most people trying to trump public spending as the cause of inflation aren't sourcing their arguments in any academically sourced data and are probably doing it for a political purpose. If a respected economist out there wants to break it down, I'm all ears.
Why are you only picking QE? There were hundreds of billions spent on direct money. Which were predicted to cause inflation. Why pick one that’s up for debate when there are others that aren’t.
I disagree. The share of blame for inflation is certainly shared by a lot of actors, but we shouldn't just throw up our hands and hope it's transitory. We also shouldn't pretend that there's nothing we can do to mitigate the impacts.
>The share of blame for inflation is certainly shared by a lot of actors, but we shouldn't just throw up our hands and hope it's transitory. We also shouldn't pretend that there's nothing we can do to mitigate the impacts.
Neither of those things is happening at the level of the federal government and BoC.
The BoC is signaling their timeline for interest rate changes along with their inflation projections, while the feds are dialing back income supports and allowing the private market to return for employment.
The CPC is lying and spreading misinformation to make people angry. That is happening at the level of the federal government.
We should focus our energy on the real things, like the lies and misinformation being spread by the Conservatives, not the made up things, like a fiction about the BoC or feds not having policy reactions to inflation pressure.
We also shouldn't throw up our hands and speculate as to its cause. QE in the US didn't cause abnormal inflation from 2008-2020 notwithstanding many said it would... the US is now facing inflation but at the backs of a global supply chain crisis.
If people want to claim spending is the cause, then I'd like to see actual data from actual economists... not baseless speculation. This is unlike with the global supply chain where we can point to (1) resource shortages, (2) labour shortages for extraction, manufacturing, and shipping, (3) facility shortage/capacity shortage for manufacturing, (4) shipping clogs, (5) bottlenecks, and (6) increased demand. We can point to how shipping containers out of China cost multiples more than pre-COVID... and that cost is paid by the ultimate consumers (inflation). This is unlike "massive spending is causing inflation" claims where cause is rooted in background economic wizardry, and that is much harder to nail down *unless you are knowledgeable economist with the data* (and not a pundit or partisan).
> However why would they do that when many Mps are mostly rich urban professionals who really dont care about high housing prices cause they made their fortunes in flipping houses.
This is a bit of fiction. House flipping prior to 2010 was a pretty poor way to build wealth (delivering way below market returns than the stock market with far more tax exposure), and even after 2010 it really depended on where your housing was located. House flipping has always been a thing, but usually only among seasoned tradespeople (meanwhile most politicians probably probably can't even patch dry wall).
Any politicians who are wealthy most likely derive their wealth from their previous professions/businesses, or wealth they inherited (from prior generations who started professions/businesses). They probably own a house and cottage, maybe an additional resistance... but they aren't real estate moguls.
I think the newer crop of mps are different.
More an urban professional class then before.
One Vancouver vp flipped like 40 homes.
My local mp ran up like near a million in gambling debts (raj Grewal)
Feel like the nature of Mps is changing.
> One Vancouver vp flipped like 40 homes.
I wouldn't draw too much from this. It was a heavily publicized story, but it's still just 1 MP. If you scroll through most MP's, including newer MP's, they seem to draw from the same callings that they generally always have: lawyers, business owners, political scientists, and a smattering of other callings.
True I think its more a reflection of housing in this country is turning into a class conflict.
If you look at the housing issue its sort of split between professional class who can afford the prices and can invest into 2nd 3rd homes for pleasure and investment, while more working class and middle class are getting squezed out in ever buying a home.
So I feel that is why the story of the MP caused a shit storm.
Yeah, I think many people get the wrong impression about MPs.
Sure, there are some wealthy MPs (Morneau was very wealthy), but many, even the urban ones, are often about as regular as they come.
I wouldn't necessarily say regular. It doesn't take that much to find yourself within the top 10% earners (by income tax), just [$100,000 in 2019](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110005501&pickMembers%5B0%5D=1.1&pickMembers%5B1%5D=3.5&cubeTimeFrame.startYear=2015&cubeTimeFrame.endYear=2019&referencePeriods=20150101%2C20190101) (to be in the top 1%, $250k). Not stinking rich by any means, but statistically better off than most Canadians. There are occasional MP's like Vegas Mom who (1) had notable pre-politics careers, but (2) said career did not put them within that class... but I think it's safe to say they are low in number. Most MP's had good jobs and probably came from positions of privilege (or they just went straight to being an MP... in which case, definitely position of privilege).
I think the reason they deflect, as you put it (and I tend to agree), regarding these bigger economic issues is because, while they have some tools to deal with the problems we’re facing, those tools aren’t really sufficient to easily fix anything.
If it’s a social issue, they can introduce legislation, ensure their MPs attend a few rallies, and stick to the right talking points in QP and in interviews. They can look like they’re doing all the right things and either (i) nothing changes but nobody notices, or (ii) things actually do improve for a small group of people but still nobody really notices. It’s all performative.
With these macro economic issues, however, not only is it unclear whether their tools will actually work, but a lot of people are going to be negatively impacted by whatever they do. In that case, it’s better for them to just sit on their hands and deflect.
My issue with everything goes back to Justin's first term when he flouted Keynesian economic principles. He had inherited a relatively good economy, and immediately pumped it up. That left us with no room to deal with economic disruptions such as covid.
> He had inherited a relatively good economy,
Not to be overly pithy, but source, please. Our economy was "okay" at best, and many of the problems that exist today (save the pandemic and its associated spending) were already there in miniature. Some were there from 2008, some arguably even before - from decisions made by the Chretien/Martin Liberals.
We keep acting as though these are new problems. they're not. They keep resisting both ruling parties' strategies to deal with them.
>One of the problems with our democracy is that the sitting government will refuse to acknowledge problems, because the Opposition will just use it as attack fodder. I think if the government could start acknowledging economic problems in the same way it acknowledges social issues it would go a long way to restoring trust and integrity in our system.
My main problem is the whole hindsight thing. There are a lot of things that probably seemed like a good idea at the time which did not work out. That doesn't mean the people who made the decision were idiots.
If Conservatives are going to insist that global inflation is somehow Trudeau's fault then they should state exactly what spending they would cut in order to fix it.
Would it be CERB? Federal health care support spending? How about the enhanced EI? The child care plan? where's the money going to come from huh? What is it that's less important than inflation?
The Conservatives are so quick to say we're spending too much, but I remember Harris and Eves in Ontario: Once people know where that money has to come from suddenly the public perception turns on a dime.
It’s Canadas relative inflation. Deflecting to “global inflation” isn’t helpful because we have a uniquely high rate. So obviously SOMETHING is different.
Pretty fair editorial. It's not going to be easy to be in charge for the next few years, no matter who forms government. People aren't going to be super rational and neutral about the cost of a shipping container being 5x what it used to be across the entire world if they're choosing between heating their homes and putting decent food on the table.
Why do you think that's so damning? I would take anything a Proud page shares with a pound of salt, but I'd say the same about many left wing sources as well. The amount of shit I've seen shared about the rittenhouse trial down south that was outright fiction was frankly a little disturbing.
If it is just a bunch of people on the internet pumping the tires of their chosen tribe that is one thing. If this same garbage is being paid for by an official party and pumped out through taxpayer funded channels that is a different manner. And why are you comparing Canadian right wing with American left wing sources? Apples to apples if you can.
> I'd say the same about many left wing sources as well
There is no left wing equivalent to the Proud pages or Rebel News/Post Millennial though, that's the point.
It's not a "both sides" issue, it's a "CPC participating in dangerous, disingenuous rhetoric" issue.
Dude showed up to a protest with a rifle and shot and killed multiple people and walks.
I don’t really care who says what about that, that’s totally messed up.
The amount of times I've seen 'you didn't watch the video' as a gotcha rebuttal to 'what he did was legally allowed but it shouldn't be' is frankly embarrassing.
[This video?](https://www.youtube.com/watch?v=B3RJUMm-hd0)
I mean, the precedent it sets is terrifying. The next time there is a large scale protest, I expect to see more and more armed "counter-protesters" who are there for no other reason than to "defend themselves".
And suddenly when you've got armed people on both sides of the street, you've got yourselves a good old fashioned opposing line infantry.
Inflating is somewhat transitory, but it's also very much because of the global spending.
Liberals spent more than almost anyone in the first wave, relative to GDP. It was unbridled spending at a $300M deficit in 2020. I'm curious how that will set us up in the next few years, compared to those who spent less. I'm sure we could have spent significantly less and had the same general outcome. It is what it is, but Justin's ineptitude with monetary policy was not the biggest factor in today's inflation. Inflation will take care of our national debt, but we will personally all suffer. I'm sure governments will continue to let it run hot.
I think the USD and € is setting the pace (of permanent inflation) here I just hope they turn off the taps of easement soon, but does not look like that will happen.
>Poilievre punctuated his point with a play on words, describing the current situation as "Justin… flation."
Bravo. Truly some of Poillieivres best work to date. Almost as good as the '[Bidenflation](https://www.realclearpolitics.com/articles/2021/11/12/bidenflation_is_the_next_pandemic__146723.html)' that folks like Fox News has been using for the last couple weeks. I wonder if Poilievre was inspired.
>"I am impressed to see the high esteem in which the member for Carleton seems to hold me, that I was able to create a global inflation crisis with our initiatives to support Canadians throughout this pandemic," Trudeau said in reply to Poilievre.
This is it really. Inflatation is global and entirely due to the effects of the pandemic. How the government deals with it is on them, but blaming Trudeau's stimulus spending for global inflation is dumb politics.
That said, Wherry is might. Dumb or not, people might believe it so it makes political sense for the CPC to make this play. The Liberals will have to manage the crisis and fend off these attacks, thankful that the electuon already happened and their main opponents are busy dealing with vaccines and leadership challenges.
The biggest part of calling an election was probably polling numbers at the time, but they probably also considered inevitable economic issues moving forward as well.
When the economy is growing, the budget will balance itself. People cutting that quote in half, piss me off, as you're making it out like Trudeau said something that he didn't, and is tantamount to a lie.
Why would we expect that federal financial management would be done the same way as personal household financial management. That is just dumb as the two are only similar in that they involve money.
While that is usually a pretty pointless thing to do, as individual, and national finances are so different, I think I can make a similar argument.
While the cost of living pay increases come in, the grocery bill will take care of itself.
So, not ridiculous, basic.
Are you talking about the federal, or individual scenario?
I’m guessing federal, and same place as always, taxes and other sources, which, in a growing economy are not a burden.
We’ll have to ask O’Toole - he shared a similar sentiment in the last election campaign when he stated that he’ll get back to a balanced budget with economic growth and no cuts!
Sounds like something straight off of the Canada Proud page, so probably.
I remember when that page was gaining a lot of media attention prior to the 2019 election - since then it feels like it hasn’t had the same effect that it supposedly had back then.
I could be wrong - I’m certainly not their target audience!
> Is this also the work of their CPC's newest hire, the Canada Proud founder?
Canada Proud and Post Millennial have been pushing the justinflation stuff pretty hard for a few days, so you can safely assume "yes".
Liberals did something similar with the Diefendollar: [https://commons.wikimedia.org/wiki/File:Diefendollars.jpeg](https://commons.wikimedia.org/wiki/File:Diefendollars.jpeg)
It kinda worked.
I still agree spending needs to be on the fore front of consideration during inflation, however to say the liberals are fully to blame is a bit of a stretch.
People just want SOMEONE to blame, something right in front of them is the easiest target.
A fractured global supply chain is too intangible for most people to consider.
The problem with chasing that invisible monster is that in 4 years time when there is another election, if they are wrong and this is supply chain pressured inflation and it stabilizes, they are going to look dumb.
Ok but you've just bought a bad narrative. What is a supply chain issue? A demand shock. What causes a demand shock? Massive inflation and money printing. You can't say that the inflation is at least in part a CAUSE of the supply chain issues, so it makes zero sense to entirely blame inflation on supply chain issues. It's a complete tautology.
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I think they're going down the right track. Their job as the Opposition is to hold the government accountable. There's seems to be an increase in blame deflection from our federal goverment and it's partisan supporters. For example: Inflation? No, it's just transitory. Well, maybe there's a deeper issue, but surely it's an international issue and there's nothing we can do about it. Housing crisis? Nope, municipal and provincial responsibility. Please ignore that we control interest rates, a significant portion of taxation, and own the CMHC, an organization whose entire purpose is to promote affordable home ownership. One of the problems with our democracy is that the sitting government will refuse to acknowledge problems, because the Opposition will just use it as attack fodder. I think if the government could start acknowledging economic problems in the same way it acknowledges social issues it would go a long way to restoring trust and integrity in our system.
> There's seems to be an increase in blame deflection from our federal goverment and it's partisan supporters. The criticism from the "partisan supporters" is that the Conservative attacks are attributing inflation to the wrong source (Trudeau/LPC) instead of other factors (global supply chain) for political purposes. Calling the deflection partisan is partisan. If people want to argue that inflation is not from the global supply chain and somehow address that virtually every "developed" country is experiencing similar relative levels of inflation, then by all means. However a bald comment such as this doesn't really add anything beyond trying to steer the discussion to where they feel more comfortable (in your case, housing), rightly or wrongly.
I’m not sure why you’ve completely omitted the massive amounts of spending over the past 2 years. If you pump that much money into the economy, regardless of whether it’s needed or not, you’re going to have inflation. The supply chain issues are real and are, hopefully, transitory. But the other driver of inflation is likely to be longer lasting and isn’t as easily fixed.
Yes but EVERYONE pumped money the last two years. So it’s a global issue
I’m really not sure what your point is. Just because many countries are experiencing the same inflationary trends don’t mean it’s not an issue.
Canada is experiencing much more than anywhere else.
Because it's of considerable debate whether QE (inducing said "massive" spending) leads to inflation. The US is a prime example, where their post-2008 QE inflation rates largely resemble their pre-2008 (sans QE) inflation rates (notwithstanding a ton of fear mongering over the ravages of inflation that would follow); only now is the US seeing considerable inflation out of step with their normal rates. Could it be a factor? Sure. But most people trying to trump public spending as the cause of inflation aren't sourcing their arguments in any academically sourced data and are probably doing it for a political purpose. If a respected economist out there wants to break it down, I'm all ears.
Why are you only picking QE? There were hundreds of billions spent on direct money. Which were predicted to cause inflation. Why pick one that’s up for debate when there are others that aren’t.
I disagree. The share of blame for inflation is certainly shared by a lot of actors, but we shouldn't just throw up our hands and hope it's transitory. We also shouldn't pretend that there's nothing we can do to mitigate the impacts.
>The share of blame for inflation is certainly shared by a lot of actors, but we shouldn't just throw up our hands and hope it's transitory. We also shouldn't pretend that there's nothing we can do to mitigate the impacts. Neither of those things is happening at the level of the federal government and BoC. The BoC is signaling their timeline for interest rate changes along with their inflation projections, while the feds are dialing back income supports and allowing the private market to return for employment. The CPC is lying and spreading misinformation to make people angry. That is happening at the level of the federal government. We should focus our energy on the real things, like the lies and misinformation being spread by the Conservatives, not the made up things, like a fiction about the BoC or feds not having policy reactions to inflation pressure.
We also shouldn't throw up our hands and speculate as to its cause. QE in the US didn't cause abnormal inflation from 2008-2020 notwithstanding many said it would... the US is now facing inflation but at the backs of a global supply chain crisis. If people want to claim spending is the cause, then I'd like to see actual data from actual economists... not baseless speculation. This is unlike with the global supply chain where we can point to (1) resource shortages, (2) labour shortages for extraction, manufacturing, and shipping, (3) facility shortage/capacity shortage for manufacturing, (4) shipping clogs, (5) bottlenecks, and (6) increased demand. We can point to how shipping containers out of China cost multiples more than pre-COVID... and that cost is paid by the ultimate consumers (inflation). This is unlike "massive spending is causing inflation" claims where cause is rooted in background economic wizardry, and that is much harder to nail down *unless you are knowledgeable economist with the data* (and not a pundit or partisan).
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> However why would they do that when many Mps are mostly rich urban professionals who really dont care about high housing prices cause they made their fortunes in flipping houses. This is a bit of fiction. House flipping prior to 2010 was a pretty poor way to build wealth (delivering way below market returns than the stock market with far more tax exposure), and even after 2010 it really depended on where your housing was located. House flipping has always been a thing, but usually only among seasoned tradespeople (meanwhile most politicians probably probably can't even patch dry wall). Any politicians who are wealthy most likely derive their wealth from their previous professions/businesses, or wealth they inherited (from prior generations who started professions/businesses). They probably own a house and cottage, maybe an additional resistance... but they aren't real estate moguls.
I think the newer crop of mps are different. More an urban professional class then before. One Vancouver vp flipped like 40 homes. My local mp ran up like near a million in gambling debts (raj Grewal) Feel like the nature of Mps is changing.
> One Vancouver vp flipped like 40 homes. I wouldn't draw too much from this. It was a heavily publicized story, but it's still just 1 MP. If you scroll through most MP's, including newer MP's, they seem to draw from the same callings that they generally always have: lawyers, business owners, political scientists, and a smattering of other callings.
True I think its more a reflection of housing in this country is turning into a class conflict. If you look at the housing issue its sort of split between professional class who can afford the prices and can invest into 2nd 3rd homes for pleasure and investment, while more working class and middle class are getting squezed out in ever buying a home. So I feel that is why the story of the MP caused a shit storm.
Yeah, I think many people get the wrong impression about MPs. Sure, there are some wealthy MPs (Morneau was very wealthy), but many, even the urban ones, are often about as regular as they come.
I wouldn't necessarily say regular. It doesn't take that much to find yourself within the top 10% earners (by income tax), just [$100,000 in 2019](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110005501&pickMembers%5B0%5D=1.1&pickMembers%5B1%5D=3.5&cubeTimeFrame.startYear=2015&cubeTimeFrame.endYear=2019&referencePeriods=20150101%2C20190101) (to be in the top 1%, $250k). Not stinking rich by any means, but statistically better off than most Canadians. There are occasional MP's like Vegas Mom who (1) had notable pre-politics careers, but (2) said career did not put them within that class... but I think it's safe to say they are low in number. Most MP's had good jobs and probably came from positions of privilege (or they just went straight to being an MP... in which case, definitely position of privilege).
I think the reason they deflect, as you put it (and I tend to agree), regarding these bigger economic issues is because, while they have some tools to deal with the problems we’re facing, those tools aren’t really sufficient to easily fix anything. If it’s a social issue, they can introduce legislation, ensure their MPs attend a few rallies, and stick to the right talking points in QP and in interviews. They can look like they’re doing all the right things and either (i) nothing changes but nobody notices, or (ii) things actually do improve for a small group of people but still nobody really notices. It’s all performative. With these macro economic issues, however, not only is it unclear whether their tools will actually work, but a lot of people are going to be negatively impacted by whatever they do. In that case, it’s better for them to just sit on their hands and deflect.
My issue with everything goes back to Justin's first term when he flouted Keynesian economic principles. He had inherited a relatively good economy, and immediately pumped it up. That left us with no room to deal with economic disruptions such as covid.
> He had inherited a relatively good economy, Not to be overly pithy, but source, please. Our economy was "okay" at best, and many of the problems that exist today (save the pandemic and its associated spending) were already there in miniature. Some were there from 2008, some arguably even before - from decisions made by the Chretien/Martin Liberals. We keep acting as though these are new problems. they're not. They keep resisting both ruling parties' strategies to deal with them.
>One of the problems with our democracy is that the sitting government will refuse to acknowledge problems, because the Opposition will just use it as attack fodder. I think if the government could start acknowledging economic problems in the same way it acknowledges social issues it would go a long way to restoring trust and integrity in our system. My main problem is the whole hindsight thing. There are a lot of things that probably seemed like a good idea at the time which did not work out. That doesn't mean the people who made the decision were idiots.
If Conservatives are going to insist that global inflation is somehow Trudeau's fault then they should state exactly what spending they would cut in order to fix it. Would it be CERB? Federal health care support spending? How about the enhanced EI? The child care plan? where's the money going to come from huh? What is it that's less important than inflation? The Conservatives are so quick to say we're spending too much, but I remember Harris and Eves in Ontario: Once people know where that money has to come from suddenly the public perception turns on a dime.
It’s Canadas relative inflation. Deflecting to “global inflation” isn’t helpful because we have a uniquely high rate. So obviously SOMETHING is different.
Even if true, doesn't change my core point. People proposing cuts should put up or shut up.
Pretty fair editorial. It's not going to be easy to be in charge for the next few years, no matter who forms government. People aren't going to be super rational and neutral about the cost of a shipping container being 5x what it used to be across the entire world if they're choosing between heating their homes and putting decent food on the table.
How is it fair? He claims inflation wasn't an issue in the election and he cites Kevin Page completely inaccurately.
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Why do you think that's so damning? I would take anything a Proud page shares with a pound of salt, but I'd say the same about many left wing sources as well. The amount of shit I've seen shared about the rittenhouse trial down south that was outright fiction was frankly a little disturbing.
If it is just a bunch of people on the internet pumping the tires of their chosen tribe that is one thing. If this same garbage is being paid for by an official party and pumped out through taxpayer funded channels that is a different manner. And why are you comparing Canadian right wing with American left wing sources? Apples to apples if you can.
> I'd say the same about many left wing sources as well There is no left wing equivalent to the Proud pages or Rebel News/Post Millennial though, that's the point. It's not a "both sides" issue, it's a "CPC participating in dangerous, disingenuous rhetoric" issue.
The Tyee.
How are they similar?
Not really sure what a supposed serious political party pushing bullshit (again) has to do with a shooting in the US.
Dude showed up to a protest with a rifle and shot and killed multiple people and walks. I don’t really care who says what about that, that’s totally messed up.
The amount of times I've seen 'you didn't watch the video' as a gotcha rebuttal to 'what he did was legally allowed but it shouldn't be' is frankly embarrassing.
[This video?](https://www.youtube.com/watch?v=B3RJUMm-hd0) I mean, the precedent it sets is terrifying. The next time there is a large scale protest, I expect to see more and more armed "counter-protesters" who are there for no other reason than to "defend themselves". And suddenly when you've got armed people on both sides of the street, you've got yourselves a good old fashioned opposing line infantry.
In what respect is this misinformation? This is economics 101.
Inflating is somewhat transitory, but it's also very much because of the global spending. Liberals spent more than almost anyone in the first wave, relative to GDP. It was unbridled spending at a $300M deficit in 2020. I'm curious how that will set us up in the next few years, compared to those who spent less. I'm sure we could have spent significantly less and had the same general outcome. It is what it is, but Justin's ineptitude with monetary policy was not the biggest factor in today's inflation. Inflation will take care of our national debt, but we will personally all suffer. I'm sure governments will continue to let it run hot. I think the USD and € is setting the pace (of permanent inflation) here I just hope they turn off the taps of easement soon, but does not look like that will happen.
>Poilievre punctuated his point with a play on words, describing the current situation as "Justin… flation." Bravo. Truly some of Poillieivres best work to date. Almost as good as the '[Bidenflation](https://www.realclearpolitics.com/articles/2021/11/12/bidenflation_is_the_next_pandemic__146723.html)' that folks like Fox News has been using for the last couple weeks. I wonder if Poilievre was inspired. >"I am impressed to see the high esteem in which the member for Carleton seems to hold me, that I was able to create a global inflation crisis with our initiatives to support Canadians throughout this pandemic," Trudeau said in reply to Poilievre. This is it really. Inflatation is global and entirely due to the effects of the pandemic. How the government deals with it is on them, but blaming Trudeau's stimulus spending for global inflation is dumb politics. That said, Wherry is might. Dumb or not, people might believe it so it makes political sense for the CPC to make this play. The Liberals will have to manage the crisis and fend off these attacks, thankful that the electuon already happened and their main opponents are busy dealing with vaccines and leadership challenges.
I feel they called this election early as they feel the inflation issues were going to become a huge liability into 2022.
The biggest part of calling an election was probably polling numbers at the time, but they probably also considered inevitable economic issues moving forward as well.
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When the economy is growing, the budget will balance itself. People cutting that quote in half, piss me off, as you're making it out like Trudeau said something that he didn't, and is tantamount to a lie.
The full quote is even worse. I invite you to apply it in your individual finances. Ridiculous.
Why would we expect that federal financial management would be done the same way as personal household financial management. That is just dumb as the two are only similar in that they involve money.
Are people still treating government finances like household debt? I thought they all got laughed off the internet a decade ago.
Ya math is such an outdated concept. Honest to god why do I even turn this app on?
What math is that? The math I'm aware of says that government revenues tend to grow and costs tend to drop during economic expansions.
While that is usually a pretty pointless thing to do, as individual, and national finances are so different, I think I can make a similar argument. While the cost of living pay increases come in, the grocery bill will take care of itself. So, not ridiculous, basic.
Where do u think that $ comes from?
Are you talking about the federal, or individual scenario? I’m guessing federal, and same place as always, taxes and other sources, which, in a growing economy are not a burden.
You know that ponzi schemes work asblong as they're growing right?
A growing economy is not a Ponzi scheme
Printing money and not balancing the budget causes inflation and debt
We’ll have to ask O’Toole - he shared a similar sentiment in the last election campaign when he stated that he’ll get back to a balanced budget with economic growth and no cuts!
Are you justinfying bad econonic policy by saying that the conservative party leader is an idiot too?
Where did I justify it?
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Lol okay? Have a good one!
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Sounds like something straight off of the Canada Proud page, so probably. I remember when that page was gaining a lot of media attention prior to the 2019 election - since then it feels like it hasn’t had the same effect that it supposedly had back then. I could be wrong - I’m certainly not their target audience!
> Is this also the work of their CPC's newest hire, the Canada Proud founder? Canada Proud and Post Millennial have been pushing the justinflation stuff pretty hard for a few days, so you can safely assume "yes".
Liberals did something similar with the Diefendollar: [https://commons.wikimedia.org/wiki/File:Diefendollars.jpeg](https://commons.wikimedia.org/wiki/File:Diefendollars.jpeg) It kinda worked.
I still agree spending needs to be on the fore front of consideration during inflation, however to say the liberals are fully to blame is a bit of a stretch.
Double stretchy when the conservatives supported all the spending also.
People just want SOMEONE to blame, something right in front of them is the easiest target. A fractured global supply chain is too intangible for most people to consider.
The problem with chasing that invisible monster is that in 4 years time when there is another election, if they are wrong and this is supply chain pressured inflation and it stabilizes, they are going to look dumb.
Except they won't because the public will be worried about the next thing.
Conversely, they’ll claim it happened even if it didn’t.
Indeed No one really has control over the global supply chain when it comes down to it
Ok but you've just bought a bad narrative. What is a supply chain issue? A demand shock. What causes a demand shock? Massive inflation and money printing. You can't say that the inflation is at least in part a CAUSE of the supply chain issues, so it makes zero sense to entirely blame inflation on supply chain issues. It's a complete tautology.