Wow! Liberal Finance Minister Bill Morneau says Canada has the ‘capacity’ to handle a recession despite continued deficit – October 28, 2018,
I have to say when it’s all said and done Canada Liberal Finance Minister Bill Morneau and Stephen Polozz will go down as some of the worst in history. Back when Liberals had common sense Jean Chrétien and Paul Martins Liberals knew exactly what they were doing when they corporatized the Canadian economy. Everyone knew back in the 1990’s that Pierre Trudeau one of Canada’s greatest Prime ministers made a lot of promises he couldn’t keep. Brian Mulroney tried to keep Pierre Trudeau’s socialist dream alive by raising taxes on the Canadian consumer and Jean Chrétien’s Liberals opened the Canadian markets to Corporatism Paul Martin held that corporatists ship steady and Stephen Harpers Conservatives did a better job managing the corporatist’s ship while charging fewer taxes.
What Justin Trudeau’s Liberals represent is the belief that their predecessors didn’t go far enough and instead should have gone further left in order to achieve the globalist paradise that George H. W Bush once spoke about. I have to remind people that Bill Morneau’s time spent in the private sector revolved around bean counting. Most of the people that spent their entire lives in the financial sector have a hard time understanding what physical work is, they have a hard time understanding how real brick and mortar business that revolves around manufacturing operate.
We all have weaknesses, however, the number one weakness of white collars workers the bankers and insurance types is that they see the world exclusively from the prism of money and numbers. You’ll even see this from Libertarians and conservatives who spent their lives in the financial private sector, they have a hard time understanding the effects regulations have on the main street. One of the reasons people like Peter Shif and David Stockman have been so wrong about when the financial collapse is going to occur is that they’re basing their arguments purely around the numbers and the charts.
That’s not the only factor that you look for when you’re viewing the economy, you have to ask yourself what are the blue-collar employees and business me complaining about, the problem, the real problem is the regulations, understand that minimum wages are a frivolous regulation geared at appeasing unions, but employers can get around those laws, the real problems are the other regulations, the environmental regulations, the multilateral trade regulations, the uncertainty not only surrounding the political landscape but the entitlement landscape as well.
If big corporations get handouts or welfare in the likes that have been happening in Canada since NAFTA was signed what you get a lot of are small businesses, brick and mortar operations who intentionally do not grow in fears they’ll run into a variety of different governmental problems. Financial companies can always up and move when things get rough in one region, this is not the case with companies that manufacture things.
If my business manufactures widgets and I decide to move I have to make serious plans about how do I train my new employees, does the location I’m moving too have people with the skills necessary to help my business grow, is the location I’m moving too heavily socialist or unionized, what’s the market wages in this new location and will this move make me better off.
In case you’re wondering my explanation of above is why most companies in Canada end up in China and other low wage companies never to return again. Now if you’re a Bill Morneau, this is not something you understand or something you’re familiar with. It’s obviously a topic Donald Trump is familiar with. As many people know Donald Trump has been through the legal system in the United States a number of times, once you’ve been through the courts for anything, it’s when you see the world for what it really is, it’s one of the reasons why I think Donald Trump is so comfortable in situations the average person would find chaotic.
Bill Morneau, on the other hand, as far as running a country goes views the world from a financial perspective. I personally think some of Bill Morneau’s decisions are well-meaning in his own mind, however again he’s blue collar, he comes from the financial sector, those guys only see numbers, this is similar to how most Globalists think, people, forget George Soros is one of the best Hedge Fund managers on this planet, he’s face to face with financial killers every day, so it’s only natural that he’d assume all profit seekers view the world in this manner, which is why he’d be for pro-globalism and pro-socialism.
The confusing of blue-collar workers is often that they don’t understand the financial world so they’ll ask for a pay raise assuming that all businesses must have the money stashed somewhere to pay them. When blue-collar workers strike and form unions it’s only natural that the union would try to get as much from the employer as possible, but what happens when unions, the corporate employers and the government all merge into entity working in solidarity to one another? What do you get? You get one voice called corporatism and once this happens even the Conservative Party of Canada has to be on board for Supply Management, the governments will minimize regulations as will the unions as will the corporations because regulations raise the barrier to entry which equates to less private companies existing.
The real problem in Canada is that the Private Sector jobs are disappearing and being replaced with public sector jobs. Canada’s Steel and Aluminum are dominated by foreign-owned companies who are in Canada primarily to sell to the U.S consumer. Canadian Steel and Aluminum companies that 100% Canadian owned can’t even sustain the Canadian consumer if we decide to put tariffs against other countries. That’s how bad the situation is in Canada and there’s no easy fix to it, to fix these problems Canada would have to experience a culture shift and there’s no way that Canada will change if there’s no economic collapse or crash.
There’s is nothing normal about a 2 bedroom 600 square foot condo that’s nothing special selling for $400,000 in Toronto while the average wage in Ontario is $34,124 per year or $17 per hour. What these inflated numbers do is they inflate regulations, because remember the commercial space is less regulated than the residential space and if there’s scarcity in commercial spaces because there are a supposed demand for bachelor, 1 and 2 bedroom condos what you get is a Canadian economy not going into a temporary recession, you get a Canada based on Justin Trudeau’s tax and spend policies a Canada in economic decline.
Once you become increasingly reliant on other nations to make you steel and aluminum your country is in serious trouble. I write about minimum wages and other frivolous government regulations and corporatist monopolies for a reason. We’re trading off easy credit for a future of import dependance. Trump gave Canada a chance to dump NAFTA which in reality would have allowed us to put tariffs on any country we wanted too if we simply set up bilateral trade deals, but we refused and now what we have are a bunch of situations where our hands are tied because we tied ourselves to all these multilateral trade deals and Bill Morneau honestly believes that this Canada has the ‘capacity’ to handle a recession. Well sir I disagree, the fun times are changing and if this Canadian economy isn’t allowed to deflate which it can’t under Trudeau’s Liberals because their economic barrier to entry is too high this economy will collapse or eventually come to a screeching halt!
Interesting times ahead