frenchy

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frenchy last won the day on April 19

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About frenchy

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    Owning momo since 2003

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  1. frenchy

    Justin Trudeau is Doing a Great Job

    poor fail. can never stay on point and flails away aimlessly. And brings ford into it yet again
  2. frenchy

    Justin Trudeau is Doing a Great Job

    you keep regurgitating the same tired talking points that don't prove anything. here's some real data that blows holes in everything you claimed. But once again you will just ignore, and shuffle up your same 5 responses you always use and rinse, wash, repeat. Opinion: When it comes to the economy, the Liberals deserve to lose the election Even the Liberals themselves tacitly concede the economy hasn't performed well on their watch, saying 'middle-class families are feeling stretched' Justin Trudeau’s economic policies are almost uniformly bad.Carlos Osorio/Reuters Special to Financial Post Matthew Lau October 4, 2019 8:29 AM EDT By Matthew Lau The federal election is shaping up to be about many things: silly subsidies for camping trips, climate change protests, and Justin Trudeau’s misbehaviour during his days as a schoolteacher, to name a few. But if the most important issue to voters is the economy, then one thing is for certain: the Liberals deserve to lose. During Stephen Harper’s decade as prime minister, Canada’s real GDP per capita growth tracked closely with the United States. Not so, unfortunately for Canadians, under Justin Trudeau. From 2015-Q3 to 2019-Q2, real GDP per capita increased only 2.7 per cent in Canada, compared with 6.3 per cent in the United States. Even the Liberals themselves tacitly concede that the economy has not performed well on their watch. One of their campaign announcements promising to “make life more affordable for Canadian families” noted that “middle-class families are feeling stretched. Taxes, fees, and bills pile up while wages are not keeping up.” The Liberals have no one to blame for this but themselves. Some might argue that they were dealt a bad hand, as the Canadian economy began slowing down in 2015-Q1 following the oil price drop in late 2014. But this is a poor excuse. The price of oil has been recovering since 2016-Q1, shortly after the Liberals took office, and the divergence in economic growth between the United States and Canada has been most pronounced since 2017-Q2. For all the griping in progressive circles about Donald Trump’s policies, Trudeau’s economic agenda has been far worse and is one of the main reasons that the Canadian economy has underperformed for the past few years. To be sure, Trump’s policies are no model of sound economics. Government spending is far too high, Trump’s restrictive approach to immigration is harmful, and his trade policies are disastrous. But these errors have at least been offset by some economically beneficial measures, including a significant corporate tax cut and a decrease in the growth of federal regulation. By contrast, Trudeau’s economic policies are almost uniformly bad. While the Liberals complain of taxes piling up, they were the ones who added the carbon tax, made the payroll tax more expensive, pushed the top marginal income tax rate four percentage points higher, eliminated the income-splitting tax credit, and raised taxes on small business investments — with little in the way of compensating tax relief except a small reduction of 1.5 percentage points to the second-lowest income tax bracket. On top of these tax hikes, the Liberals also piled on an additional $75 billion or so in deferred taxes: that is, the increase in public debt for which they are responsible so far and which will show up in future tax bills. The Liberals layered bad regulatory policy on top of their bad fiscal policy, most notably with environmental regulations impeding natural resource development. The economic damage done by the Liberals was exacerbated by similarly bad policies under Alberta’s former NDP government. Higher taxes and stricter labour regulations, including a significant minimum wage hike, were key planks in the NDP’s anti-business agenda, which ultimately ended up hurting workers. The evidence of all this is not only in the GDP growth statistics, but also in the business investment numbers. According to a recent study from the C.D. Howe Institute, from 2015 to 2019 business investment per worker grew by only five per cent in Canada, compared with 19 per cent in the United States and 15 per cent in OECD countries with comparable data. The full Liberal platform brings more of the same interventionist policies that have stunted economic growth and business investment for four years. Canadians whose ballot question is the economy ought to look elsewhere.
  3. frenchy

    Justin Trudeau is Doing a Great Job

    Short circuit! memory bank erased! Hymie reboot!
  4. frenchy

    Justin Trudeau is Doing a Great Job

    unemployment rates were at record lows before covid hit across the globe retard. Does that mean the global economy was booming? aging populace means less people in the labour market which equals low unemployment. If what you are saying was right (that it is a sign of a strong economy) our interest rates wouldn't be as low as they are. I don't expect someone as stoned and dumb as you to get any of this though.
  5. frenchy

    Justin Trudeau is Doing a Great Job

    stock market has nothing to do with a sitting leader nor is it a barometer of the job he is doing economically as my graph clearly indicates. Moron.
  6. frenchy

    *** OFFICIAL Doug Ford thread ***

    not cheaper.
  7. frenchy

    Justin Trudeau is Doing a Great Job

    Who to believe. A Postie who is high 24/7 or the Ontario AG?
  8. frenchy

    Justin Trudeau is Doing a Great Job

    he handed Trudeau the keys to an economy that was breaking even. Trudeau promptly added $80B in new debt in a time when the economy was humming along nicely before this even happened. Brain dead mush mouth.
  9. frenchy

    Justin Trudeau is Doing a Great Job

    once again Harper nails it.... https://www.wsj.com/articles/after-coronavirus-government-will-have-to-shrink-11589302337 Big spending on COVID-19 now should mean smaller government later, Stephen Harper argues in essay The former PM forecasts that if Trudeau's government doesn't figure out a way to balance the books, the country could default on its debt Brian Platt May 13, 2020 12:34 PM EDT In a rare newspaper column, former prime minister Stephen Harper argues that the massive public spending — and the subsequent massive public debt — in response to COVID-19 right now must lead to smaller government action so the economy can recover and debt levels can recede. If spending doesn’t go down as soon as possible, governments could face a debt crisis down the road that requires “brutal” austerity measures, he says. “What has happened in this crisis so far is not an indicator of the future,” Harper writes in the Wall Street Journal. “A new era of big government in the economy is unlikely, undesirable and far from inevitable.” Harper was prime minister from 2006 to 2015, including during the 2008/09 global financial crisis when he brought in a major economic stimulus package in response to the recession. He now runs a consulting firm called Harper & Associates. In the column he takes aim at “leftists” who see the pandemic measures as a sign that bigger government spending should be the new normal, and that taking on high levels of public debt will be easily manageable down the road. The social distancing measures brought in by governments around the world may be necessary now, he writes, but they are “economically ruinous,” and the “underlying assumption — that the economy can be restarted later as quickly as an idle automobile — is dubious.” Another problem, he says, is that public-sector balance sheets will be an “unholy mess,” exacerbated by the fact public debt levels were already “dangerously high” before the pandemic hit. Canada’s parliamentary budget officer recently estimated that the deficit this year could top $252 billion; by comparison, Canada’s biggest deficit during the financial crisis was $55.6 billion in 2009/10. “‘Modern monetary theorists’ will prattle on about how with low interest rates and monetary expansion this does not matter,” Harper writes. “Their core belief — that governments can never really run out of money — is nonsensical.” DEFAULTING ON DEBT He notes that Mexico faced default and Canada came close in the 1990s due to public debt, and many countries faced major debt problems in the 2008/09 financial crisis. “This time will probably be much worse,” he writes. “Governments began this episode with poorer balance sheets, and central-bank actions effectively nationalized much corporate debt…If they fail to practice mild austerity proactively, a brutal kind will be thrust on them.” Harper concludes by warning that governments will face pressure to keep spending levels high without raising taxes, particularly as those on public sector salaries have been spared the devastating effect of COVID-19 on their incomes. Because of that, he says a smaller government response may not happen regardless of the evidence in favour of it. “Governments that resist restoring free enterprise and fiscal responsibility will experience recession and stagnation,” Harper says. “Those that do the right things will lead their countries to a far more prosperous future.”
  10. frenchy

    *** OFFICIAL Doug Ford thread ***

    sure, if you want to drink Wildcat
  11. frenchy

    *** OFFICIAL Doug Ford thread ***

    I'm bringing the topic up now. funny how under the libs you claimed it wasn't cheaper in QC
  12. frenchy

    Justin Trudeau is Doing a Great Job

    funny, considering you are the only one the frantically searches for shit like this and posts it here
  13. frenchy

    *** OFFICIAL Doug Ford thread ***

    can't get across the bridge. Guess I'm stuck paying way more in Ontario for the time being.