It's actually a double-win.
Pay down the US tax cuts and make up the difference here in Cannuckistan with a host of new taxes and increases of existing ones.
Canadian Oil
- Thread starter petros
- Start date
It's actually a double-win.
Pay down the US tax cuts and make up the difference here in Cannuckistan with a host of new taxes and increases of existing ones.
Elimination of import reliance is worth a bonus 2% of GDP then tack on oil exports and the growth is going to be nuts.
Absolutely, and add to that, the value of the oil being sold at market value and not the existing discount (speculated to cost Canadians $50 million/day) would have paid cash for lil potato's spending in his first term.
Instead, he went to the debt markets and borrowed the money to spend on.... What exactly has he spent $20 billion on again?
I think that he's at the end of that strategic road.
Ontario and Que are getting beat up so bad both provincially and federally that the electorate is no longer in a mood to be fukked with.
At this point, I suspect that the only dividing going on is within his own party
Ontario and Que are getting beat up so bad both provincially and federally that the electorate is no longer in a mood to be fukked with.
At this point, I suspect that the only dividing going on is within his own party
I hope so.
On that note, I really wonder if the Lib party will be damaged due to his uselessness as a PM (and MP previously)
On that note, I really wonder if the Lib party will be damaged due to his uselessness as a PM (and MP previously)
18 billion in debt after starting from a 2 billion surplus in two years during good economic times
has got to be a record but not one a normal person would care to brag about..
I wonder if he will manage to crash the economy by the end of his term?
Because that's not what "growing our economy from the heart outward" is about. It takes more than fluffy warm feelings to build infrastructure, if gender, race and feelings aren't number one in the equation, our guy isn't interested....despite his election promise.
Canadians still waiting on Liberals' promised infrastructure cash
Nobody is investing in his Infrastructure Bank.
When Provinces can get money at lower rates than the Feds, 3Ps will remain project by project and underwriten by the Provinces with good credit.
Would you invest in ON with its shit credit rating?
When Provinces can get money at lower rates than the Feds, 3Ps will remain project by project and underwriten by the Provinces with good credit.
Would you invest in ON with its shit credit rating?
It's going to get lot worse. The Tories are going to auger straight into the ground this election because they chose their leader badly. The Liberals used up all of their mojo a decade ago. Ontario may very well elect an NDP government.
Moody's B- (if we're lucky)
The degradation of the ON credit rating under Wynne is going to haunt the Province for generations.
Province of Ontario Credit Ratings
Long-term Short-term
Moody's Investors Service Aa2 P-1
Fitch AA- F1+
DBRS AA (low) R-1 (mid)
Standard & Poor's A+ A-1
Province of Ontario Credit Ratings
Long-term Short-term
Moody's Investors Service Aa2 P-1
Fitch AA- F1+
DBRS AA (low) R-1 (mid)
Standard & Poor's A+ A-1
No- WE Cdns get oil for eastern Canada from Venezuela! Western Canada gets oil from Alberta! Think about the logic of shipping oil from Saudi Arabia to eastern Canada versus the logic of shipping it a MUCH SHORTER DISTANCE from Venezuela! Oil is too costly a thing to waste shipping it stupid distances- oil execs look for that cheap shipping combination: local suppliers and local consumers!
IN fact our Yankee neighbours do not use Saudi oil either! Yankees fuel their cars either with domestic sources: Texas/Alaska or close foreign production: Mexico/Canada.
Yankees PROFIT from helping Saudi oil get to foreign markets- and THIS is the great hole in LIE-beral anti Yankee strategy! Yankees use oil as a foreign aid tool- supply it to allies and deny it to enemies! The European economy is being propped up- in part- by oil vendors!
Older Yankee strategists are aware of how close Europe came to being Communist in 1945! Older strategists are aware that Nazi Germany very nearly WON WW2!
Lend lease came into effect for Britain in 1941- they were bankrupt and had fought Nazis to a standoff- Churchill put it to Roosevelt telling him basically either you GIVE us the weapons we need to finish the war or we make a negotiated peace with Nazi Germany- it will cost us but we WILL survive and recover- and we will LEAVE YOU to deal with a United Nazi Europe and with Imperial Japan!
Yankee leaders were secretly told: help us now or we leave you to stand alone! Roosevelt chose to send aid because no Yankee general was prepared to fight an entire fascist world- because they WOULD LOSE!
This lend lease idea is behind virtually ALL of current Yankee policy- better to spend money on allies- even if they are weak- than to have to get Yankees to carry the ball entirely alone!
This is why Trump keeps calling out NATO slackers and it is why Our idiot Boy Justin is having such a hard time sorting out NAFTA- Trump IS linking trade and national security- while Our idiot Boy deliberately sabotages Trump by importing swarms of unidentified illegals who may use Canada in future as a base to attack Yankees!