LED BY LIE-berals! And civil service union Hog! Consider:
Here is an article illustrating how utterly muddled is LIE-beral logic-along with some comments of my own in brackets):
Trudeau’s corporate welfare hurts middle class
By Tom Parkin, Post media Network. First posted: Sunday, April 02, 2017 02:00 PM EDT
Just 10% of Canadians believe Prime Minister Justin Trudeau’s recent budget will help the middle class, according to a recent poll by Forum Research.
Meanwhile 41% say it’ll hurt the middle class, 31% say its effects will be neutral, and 19% don’t know.
It’s a sign Canadians are coming to see what I’ve been warning of for months now – the mounting pile of evidence that Trudeau’s middle class rhetoric has been a cruel, cynical communications hoax.
(There has been plenty of evidence that Our brainless Boy is simply staging a power grab and will therefore say anything he needs to in order to buy/steal votes. LIE-berals are in an undeclared war with greens and NDP for control of leftie votes. LIE-berals are also fighting a war against common sense and fiscal logic as the general public has NO faith in LIE-beral immigration policy! The amounts of gravy needed to be shoveled into civil service Hog pockets so LIE-berals can cling to power is breaking the economy. The economic cost of actually achieving LIE-beral carbon reduction limits by their Carbon crap and trade tax is an unworkable mess-modeled after the 12 year old European fraud. Their national security policy is based on the wishful thinking that Muslim terrorists will some how be `de-fanged` by exposure to hockey and Tim Bits.)
(LIE-beral policy is a colossal failure in every area except for one-IT DID succeed in getting Our idiot Boy elected! But in a couple of years he must come up with a new set of lies for the next election....can he do it? Hogs live in daily terror that he cannot-with dire consequences for their gravy train!)
From the start, there was a strong hint a hoax was afoot – Trudeau’s dishonestly-named “middle class tax cut.”
Middle class people earning $45,000 get absolutely no benefit from this tax cut – nothing.
Affluent people earning between $90,000 and even up to $200,000 get the maximum benefit.
The hoax was in full display in Trudeau’s most recent budget.
The budget speech said the Liberals would close tax credits and loopholes “that disproportionately benefit the wealthy”.
(Which translates into nailing small business owners- the people who routinely create the majority of new jobs in Canada and LIE-berals are moving rapidly with that legislation! And LIE-berals have already eliminated the tax credit for transit users. So much for the `environmental values` of Our idiot Boy-he insists we MUST have a carbon crap and trade scam to “discourage fossil fuel use” and then kills the public transit tax credit!)
(But his previous stance as an environmentalist stole votes from the Greens as he intended! And now that he has doubled back and decided that oil pipelines are okay as he NEEDS the revenue from oil so there is no more reason to kiss up to real environmentalist who have been permanently enraged by his revised pipeline stance! Another day-another hypocrite LIE-beral stance exposed.)
It kept the stock option tax loophole – which Trudeau had promised to end – which is disproportionately used by the wealthy.
And now it looks like Trudeau’s infrastructure plan is an enormous corporate welfare scheme at the expense of the middle class.
Last election, Trudeau baited Canadians with a big infrastructure plan to be financed with historically low interest rates.
Now he’s switching to a higher-cost private equity Infrastructure Bank.
(But we have seen this show-a decade back LIE-beral Dalton McGinty tried to lure in our public sector unions-intending to use their pension holdings to build up the province. Too bad Hogs flatly refused due to concerns over whether LIE-berals were capable of actually paying what they owe! LIE-berals ALREADY have a backlog of deferred pension payments amount to HUNDREDS OF BILLIONS OF DOLLARS-promised sums so huge they will kill the economy if LIE-berals actually try to dig that cash out of our pockets and offer it to Hogs. With the added bonus that Hog pension managers have SCORNED such cooperative ventures with govt as the return on investment offered by LIE-berals is pathetically LOW!)
(Our idiot Boy has admitted he does not read newspapers and perhaps nobody told him that private venture capital sneers at our little fiscal needs and mocks the return on investment that LIE-berals are currently offering. Ordinary Cdns are well aware that the cost of govt services will SOAR if public/private consortiums get hold of our infrastructure! Such price gouging would kill off LIE-beral chances for re-election.)
The Infrastructure Bank will take private investments – from pension, equity and sovereign wealth funds – and spend it on infrastructure.
But not at the promised low rates.
Last March, Michael Sabia, CEO of a $270 billion investment fund, told a Toronto business audience he expects “stable, predictable returns in the seven to nine per cent rate” from infrastructure investments.
And last week, the Quebec provincial budget revealed a plan to pay private investors 8% on $2.7 billion in financing for a Montreal light rail project.
But it makes no financial sense to pay 8% to private investors when government bonds could finance the same amount at just 2%. It’s just corporate welfare.
(OH! An EIGHT PERCENT return on investment to SELECT INVESTORS- and doesn’t that mean eight percent for LIE-beral FRIENDS? Compare that to what ordinary people get from their savings accounts or bonds!)
That six-point spread translates into big, big money.
(Actually I suspect that six-point spread represents an UGLY REALITY-that our LIE-beral govt HAS almost reached its spending limit! It is clearly better to use govt bonds at 2 percent for financing rather than private sector borrowing at 8 percent- but if you cannot GET that 2 percent bond any more because the govt is broke and wants to use what cash it has on gravy for Hogs-then the 8 percent private sector is the only option- if ordinary people are too poor to buy those 2 percent bonds- as seems to be the case with Cdn debt rising at record rates!)
(Yes-LIE-beral logic is so twisted they have decided the best way to resolve our bankruptcy/no more credit problem is to PAY HIGHER INTEREST RATES! It certainly IS a solution for Ontari-owe LIE-berals who have just refinanced electrical grid repairs for 30 year terms instead of 20 years and to bad if dead broke Ontar-owe doesn’t like the extra costs-its all about winning elections today-and to hell with tomorrow for LIE-berals!)
(There is ONE lone benefit to LIE-berals in the planned public/private partnership-that Hogs hold stock in many private investment funds and by allowing them invest in govt infrastructure plans at high rates it will bolster stock returns and bottom line-and maybe turn away SOME of the wrath of Hogs whose pension funds are perilously close to bankruptcy due to LIE-beral inability to shovel in gravy fast enough! But of course Hogs are bargaining HARD with stupid LIE-berals-the clock is ticking and public patience is eroding and Hog greed is HUGE and LIE-berals cannot give away the store without incurring HUGE public anger-they are caught between fiscal rocks and voter hard places!)
The Liberals believe the Infrastructure Bank will hold about $150 billion within 10 years.
Financed through 2% bonds, the annual interest cost on $150 billion is $3 billion. But at 8%, the cost is $12 billion.
A difference of $9 billion in corporate welfare will be paid by your taxes, road tolls, service fees and bus fares.
It extracts money from the middle class and pipelines it to the affluent.
At $9 billion, Trudeau would be wasting more on a single corporate welfare program in one year than he plans to invest in child care or housing over a decade – programs that would actually help middle class Canadians.
And here’s the kicker – it seems Trudeau wants to launch the Infrastructure Bank with a $20 billion deposit of public money, possibly raised by privatizing airports and sea ports.
(OH my-a privatized airport will ENRAGE those privileged Hogs who somehow believe that it is their right to fly about polluting the world with their filthy jet exhaust-too bad that it is environmentally MORE SOUND to drive an SUV to Florida than to fly there! Privatize airports and Hogs scream foul! Privatize seaports and ordinary people are price gouged on shipping costs-LIE-berals are caught yet again!)
The big business lobby group, C.D. Howe Institute, is pushing airport privatization, arguing the Infrastructure Bank won’t attract investors without that $20 billion sweetener.
But airport privatization might be the weak link.
Another recent Forum poll showed only 13% of Canadians support airport privatization.
If Canadians rebel and Trudeau gets cold feet, let’s hope this entire corporate welfare scheme will come crashing down before it gets started.
Tom Parkin
Liberal words don’t intend to deceive, they just do
(Self professed staunch LIE-beral supporter and famous author Peter C. Newman said it best in his book When the Gods Changed-that LIE-berals no longer have any plan or vision for the country; no longer have any coherent long term policy
and no longer stand for anything. The disappointed Newman illustrated that his beloved LIE-beral party now has only a lust for power and an irrational belief that they are the anointed ones who deserve to lead the country regardless of reason or logic.)
(Newman recognized that LIE-berals were in trouble when Stephen Harper appeared on the scene. LIE-berals have now temporarily taken the upper hand but in doing so have spewed such a web of promises they cannot keep they are now in deep trouble with huge swaths of the public. The great LIE-beral fear-and the huge handicap holding them back is the justified fear that the 55 percent of Cdns who do not normally vote may decide to do so in future. LIE-berals recall clearly that voter turn out JUMPED nearly 50- percent when Rob Ford ran for Toronto mayor. Nor have LIE-berals forgotten that Mike Harris got the largest majority ever given to an Ontari-owe premier. LIE-berals got LUCKY back then when Red Tories within the Conservative Party sabotaged The Common Sense Revolution and sent in Ernie Eaves-LIE-berals are now praying that Red Tory numb skulls will hand them another mutton headed `gift` like Ernie!)
