Social Justin Trudeau announces resignation

[Err]

I can’t see how anyone with an inkling of a future in politics would run for the leadership. I can see an elderstatesperson take one for the team and take the lead during the next election.

Yeah taking the job is tantamount to jumping on a grenade politically at this point. I’m hearing a lot of speculation and rumbling that the caucus is leaning heavily towards Freeland. If that’s the case then it seems like the LPC might be offering her up as a sacrificial lamb, and she’ll probably take it just to be able to throw PM of Canada on her CV

 

[BEATDOWNS]

Rest In Piss

 

[Deleted member 592570]

Trudeau vowed in the 2015 Liberal platform: “We will not resort to legislative tricks to avoid scrutiny. Stephen Harper has used prorogation to avoid difficult political circumstances. We will not.”

 

[BEATDOWNS]

So the tyrant resigned. That's good, because all they need is a governor now. Welcome to the U.S.A. my Canadian friends.

 

[Morning Star]

My body is ready to be massively let down by the half measures Polievre is going to enact.

He gives me UK Tory Party vibes. Better than the alternative but won't have the will or desire to right the ship.

 

[BEATDOWNS]

With LOTS of conditions. He's holding a gun to his own head (politically) and saying he'll only pull the trigger if we give him about three things he wants first.

on Live now

 

[EndlessCritic]

Timestamped

 

[Andy Capp]

Different country, different result. This is news? Canada's economy was not in the same state as the US's.

Almost every other large economy suffered far more than the US's over the last 5 years or so. Canada's was in a weaker position going in and the interest rate regime instituted by the BOC had a stronger braking effect on the economy than it did in the US, partly because Canadians responded to it differently from Americans. Many people made big money during the pandemic but there's a lot of evidence that in the US people continued to spend money like everything was peachy keen while in Canada people had a far stronger tendency to bank their earnings out of concern for future developments.

I think it's very clear (confirmed only in hindsight, to be fair) that the BOC left interest rates too high for too long in that big push to get inflation down and it had the exact effect on the economy you'd expect. I look forward to seeing your evidence of the specific actions the prime minister took that punished GDP instead if it exists.

Note, however, that my reaction to him stepping down is "it's about fucking time". I'm not defending him per se, rather defending the evidence of my own eyes. In the earlier graph I initially responded to, note how the recovery in Canada appeared to stall in the latter part of 2022. Compare with your graph. That's also when I became convinced the BOC should have already started to lower rates, but they didn't. It made people cautious and they put their money into savings.

Here's a post of mine from August 2022 on the subject,

One remarkable thing is that population growth has been pretty staggering yet the unemployment rate remains stable so there are jobs galore being added to the economy at the moment. I think that's already starting to slow a bit though. I think raising interest rates last time the Bank of Canada did it was pointless since I think this would have happened anyway, but it's clear higher interest rates, though not on their own, necessarily, are having the desired effect of cooling the economy and slowing inflation. But as you've noted above, people have large amounts of savings and pent up desire to spend. I believe that's what's really driving inflation and as their savings decline, so will inflation. I guess we'll have to wait and see.

Please note the bold text in particular. You can click the little arrow next to my name to go to the post if you want to have a look back at the full discussion.

Cheers.

 

[Andy Capp]

Timestamped

The flag at the end was fantastic.

 

[rearnakedchoke]

Yeah taking the job is tantamount to jumping on a grenade politically at this point. I’m hearing a lot of speculation and rumbling that the caucus is leaning heavily towards Freeland. If that’s the case then it seems like the LPC might be offering her up as a sacrificial lamb, and she’ll probably take it just to be able to throw PM of Canada on her CV

I can see that. Makes sense. Let’s see who else throws their name in the ring. She is a good choice. She isn’t really going to make more waves in her career at this point.

 

[BEATDOWNS]

"Carbon Tax Carny"

 

[irish_thug]

It would be nice to pick someone far less tyrannical this time.

Let's not prioritize weed and nice hair this time. Something resembling a platform would be nice.

 

[lsa]

I should be the president of Canada

 

[irish_thug]

I should be the president of Canada

You have to be fluent in our official pandering language.

I mean French.

 

[BEATDOWNS]

Let's not prioritize weed and nice hair this time. Something resembling a platform would be nice.

why was this merged this thread was rumored and the new thread was confirmation. You need to at least change the thread title now that it is confirmed he is leaving.

 

[SammyPops]

Oh lord.

SNC, WE, Aga Khan, 2019-21 election ChiCom interference ..... none of it ring a bell?

 

[lsa]

You have to be fluent in our official pandering language.

I mean French.

eeeew
Then I chose dictator instead.

 

[Brigfa2]

Who is Canada's Kamala?

 

[BEATDOWNS]

Timestamped

The flag at the end was fantastic.

Trudeau' pick up truck

 

[Err]

Who is Canada's Kamala?

Chrystia Freeland, but she’s not a drunk like Kamala. She does appear to be on some sort of amphetamines, though. She’s very twitchy and strange.