Economist says Tories gave him incomplete platform
- Thread starter the caracal kid
- Start date
"Investors will flock to the country."
you have the wrong direction.
investors are not going to flock to a country whose government can not balance its books. Harper can't even balance his platform costs given fixed economic expectations. Imagine him overseeing a live economy!
"The currency will rise to par with the USD."
Or more like the dollar will devalue as the national debt rises.
you have the wrong direction.
investors are not going to flock to a country whose government can not balance its books. Harper can't even balance his platform costs given fixed economic expectations. Imagine him overseeing a live economy!
"The currency will rise to par with the USD."
Or more like the dollar will devalue as the national debt rises.
Right at this moment,
Canada has a very healthy economy. Healthier, in fact, than her G-7 partners. Now the CPC are saying that their bunch of nebulous promises is going to boost the economy, cause investors to flock to the country, and bring the dollar up to parity with the USD. At this point I don't know if having a dollar at par with the USD is good for our economy. I see nothing in the CPC platform that will do anything but put ther country further in debt. One thing Martin has going for him is a whole string of balanced budgets, unlike the last tory in power in this country.
Canada has a very healthy economy. Healthier, in fact, than her G-7 partners. Now the CPC are saying that their bunch of nebulous promises is going to boost the economy, cause investors to flock to the country, and bring the dollar up to parity with the USD. At this point I don't know if having a dollar at par with the USD is good for our economy. I see nothing in the CPC platform that will do anything but put ther country further in debt. One thing Martin has going for him is a whole string of balanced budgets, unlike the last tory in power in this country.
Conservative Budget
Hear, hear.
If a Conservative Government of Canada interrupts our record of balanced budgets, in my opinion, the people of Canada are going to be extremely upset.
Hear, hear.
If a Conservative Government of Canada interrupts our record of balanced budgets, in my opinion, the people of Canada are going to be extremely upset.
Exactly, and it doesn't seem that the economic situation of Canada will get any better under the Conservatives. I could see deficit if they are not under tight control.
#juan said:
yes but you have to understand economically the situation when Mulroney came to power.....Treudau was a horrible economist and left the Torys nothing to spend when they came in. The Liberal left the economy in a mess and Mulroney tryed to to spend their way out of the problem, but it got worse...don't forget the worldwide economic conditions in that era. I think Mulrony set the winning conditions for balanced budgets and on the debt..however the Liebrals were the one who benefitted from the GST, NAFTA..ect ect........ point in case the Liberals came in a the right time, it was a matter of timing.
RE: Economist says Tories
Well i work in an investment firm and the projections are that just because a conservative gov't will take power, it won't have that much impact on the economy or polls...the last time there was an election, and the con's were looking like they were leading the polls, than the market dropped.
But these are different days now. With the exceptions of bonds, which in relations to other things you can trade in like equities and mutual funds is pretty lame, everything is projected to stay the course, EVEN with a conservative win.
We are underestimating what a conservative gov't is capable of. It's a mistake to think that canada's conservatives are the same as america's.
Incidently, the dollar will climb into the 90 cent range and Oil will hit 100....all good news for canada. (less so about the dollar but that will be offset by the price of energy and resource stocks).
Trust me..the economy is far more stable than the government and far more likely to survive changes.
Well i work in an investment firm and the projections are that just because a conservative gov't will take power, it won't have that much impact on the economy or polls...the last time there was an election, and the con's were looking like they were leading the polls, than the market dropped.
But these are different days now. With the exceptions of bonds, which in relations to other things you can trade in like equities and mutual funds is pretty lame, everything is projected to stay the course, EVEN with a conservative win.
We are underestimating what a conservative gov't is capable of. It's a mistake to think that canada's conservatives are the same as america's.
Incidently, the dollar will climb into the 90 cent range and Oil will hit 100....all good news for canada. (less so about the dollar but that will be offset by the price of energy and resource stocks).
Trust me..the economy is far more stable than the government and far more likely to survive changes.
RE: Economist says Tories
Incidently..how can this guy sit there and diagnose what the economy will be based on election promises. There is no way he can know how the economy will shape up, or how the conservatives will actually govern, based on a few election promises... jumping the gun a bit i suspect.
Incidently..how can this guy sit there and diagnose what the economy will be based on election promises. There is no way he can know how the economy will shape up, or how the conservatives will actually govern, based on a few election promises... jumping the gun a bit i suspect.
Oh yeah, and Trudeau held a gun to Mulrony's head and forced him to spend 40 to 50 billion dollars more than he was bringing in in revenues every year, for nine years in a row. Damn that Trudeau. Kim Cambell handed Chretien a budget with a 46 billion dollar deficit, as well as a debt of 500 billion dollars or so but that was different, right?
The Fibs have managed to get it up to over $600 billion. Nobody knows the real figures as it seems the Fiberals want to keep it secret.
For decades the government allowed the dollar to devalue to maintain productivity. High prices for raw materials and oil have reversed that trend.
Could that be the reason for secrecy? A unaccounted slush fund?
For decades the government allowed the dollar to devalue to maintain productivity. High prices for raw materials and oil have reversed that trend.
Incorrect Information
The Ministry of Finance has been quite clear.
During our most recent fiscal year, the Ministry announced that the national debt was at $499.9 billion. You are asserting that the Government somehow found a way to hide one-hundred billion dollars; this is, simply put and with all due respect, highly unrealistic.
Furthermore, the interest on the debt, per annum, is $35.8 billion; or, nineteen cents per dollar of revenue. The interest rate on the debt is somewhere in the area of seven percent, if I am not mistaken.
The Ministry of Finance has been quite clear.
During our most recent fiscal year, the Ministry announced that the national debt was at $499.9 billion. You are asserting that the Government somehow found a way to hide one-hundred billion dollars; this is, simply put and with all due respect, highly unrealistic.
Furthermore, the interest on the debt, per annum, is $35.8 billion; or, nineteen cents per dollar of revenue. The interest rate on the debt is somewhere in the area of seven percent, if I am not mistaken.
I will accept your numbers thank you.
It seems the numbers were not announced in 2004 per the link. It figures that they will post better numbers as it is good news. They will fail to mention that it was paid down on the backs of overtaxed working people, the deprived military and downloading the healthcare costs to the Provinces. Certainly not by curtailing waste and embezzlement.
It seems the numbers were not announced in 2004 per the link. It figures that they will post better numbers as it is good news. They will fail to mention that it was paid down on the backs of overtaxed working people, the deprived military and downloading the healthcare costs to the Provinces. Certainly not by curtailing waste and embezzlement.
On who's back was the debt run up??? I suppose the Liberals could just have continued to pile up debt like Mulroney until the debt was 75 or 80 cents on every tax dollar but it had to stop somewhere. The ultimate blame for the debt rests squarely on the tories. The so-called Liberal scandals make up less than 2% of the budget, and a hell of a lot less than the tory debt.
Rubbish.
Trudeau started deficit financing in the early seventies. It was a fact of government life when the Tories finally got elected. As someone mentioned before, Myron put all the means in place to create wealth. Nafta and the cash cow GST. Note the Fibs said they would repeal them but have not.
Even Mickey Mouse could have balanced the budgets and paid a small percentage on the debt with that flow of tax dollars.
Trudeau started deficit financing in the early seventies. It was a fact of government life when the Tories finally got elected. As someone mentioned before, Myron put all the means in place to create wealth. Nafta and the cash cow GST. Note the Fibs said they would repeal them but have not.
Even Mickey Mouse could have balanced the budgets and paid a small percentage on the debt with that flow of tax dollars.
Re: RE: Economist says Tories gave him incomplete platform
Pulled it from Andrew Coyne's website. Also available as a press release from the Conservative website, dated Jan 15, 2006.
http://www.conservative.ca/EN/1091/39104
FiveParadox said:
Pulled it from Andrew Coyne's website. Also available as a press release from the Conservative website, dated Jan 15, 2006.
http://www.conservative.ca/EN/1091/39104
In this case, I am at a loss as to which document in which to vest my trust. The first is dated for January 15, and with a timestamp for early evening; the second is dated for the same, but with no timestamp. lol, this is perhaps a matter of chronology.
On another note, one thing Mulroney did accomplish that has mostly gone unnoticed is that in the last few years, he actual ran surpluses in the current account. That is, government program spending did not exceed government revenues. What killed the budget was the interest payments on the debt. If you remember back then (and I sure do!) interest rates were around 10% - 12%. If you had a mortgage you'll remember!
As the economy expanded, and as interest rates declined, it became easier for the government to make the interest payments on the debt. Falling interest rates easily saved $15 billion a year or more in interest payments.
As the economy expanded, and as interest rates declined, it became easier for the government to make the interest payments on the debt. Falling interest rates easily saved $15 billion a year or more in interest payments.