madmax
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Etobicoke Centre By-election (possibly)
madmax replied to Newfoundlander's topic in Provincial Politics in Canada
Its not relevant. Which is why its better to look at historical trends. -
Holy Crap, I hope I don't do that subconciously. Now you got me looking back at my posts... small for small C for Conservative Doh.... If I have ever done that ... I also Apologise.... erm, and I may do it again, but it would never be on purpose or as a slur... just an error of sorts. it would be like someone saying MadMax :P
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David Wilks mispoke
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Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
Picking on it is unjustified, Analysing it effects is prudent. -
Etobicoke Centre By-election (possibly)
madmax replied to Newfoundlander's topic in Provincial Politics in Canada
It would be normal. Many ridings base vote will remain the same regardless of the overall political fortunes of a party in the polls. The CPC are at 64% in some ridings in Alberta, but 3% in some ridings in Toronto. In this particular riding they are still in a competitive range and the Liberals are still strong, and in this case may end up retaining the riding after all. Barring some unforeseen transisition this is not in the NDP cards..... and if ..... if.... the NDP were to come from 14% And take this riding.... all ridings are on the table and its not good news for Libs or Cons. -
Back on topic Conservatives Ask Courts to Toss Out RoboCall Challenges. The Conservative Party has asked a court to toss out a series of legal challenges that attempted to overturn the results in seven ridings last election, saying the litigation offers no solid evidence anyone was denied the right to vote. A motion brought on behalf of the Conservative candidates who won the seats also claim in motions that that the legal action, brought by citizen advocacy group Council of Canadians, was filed well beyond the 30-day time limit. Citing a pattern of misleading telephone calls made before the May 2 vote, the Council in March asked the Federal Court of Canada to set aside the result in seven ridings across the country, which would trigger a series of byelections. Under the Elections Act, any voter can challenge a result by bringing evidence to court showing that electoral fraud or other improprieties affected the result in a riding. Last week, an Ontario court voided the results in Etobicoke-Centre after a challenge brought by losing Liberal candidate Borys Wrzesnewskyj. The court ruled there were enough clerical errors in the specific voter registrations to set the results aside. Read more: http://www.ottawacitizen.com/news/Tories+court+throw+robocalls+challenge/6660654/story.html#ixzz1vifITrjO
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Defence spending vs incompetent Defence Spending. Very Different. will move conversation over to F35 thread.
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Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
Exactly. It is a fair point. And I think its just as fair to look into what is happening and its effects. I believe the country could go forward in UNITY if the benefits of Sustainable development were explained. -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
Tim has cited many things, went back and learned many things and its not unreasonable to assume that certain environmental factors when costed could make a particular operation unsustainable. But... the market is an interesting thing and adapts to legislation. Some things are not adaptable, but then its good reason to consider the risk vs the public good. He is not shilling for big oil as I have read it. I do see an unreasonable hostility towards Mulcair but politicians have that effect on people. Same can be said when Harpers name is used, some people go all apey. -
Sounds like class struggle to me. Therefore what is good for the goose is good for the gander. Success will be achieved when workers no longer have a pension.
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We are being fair (MASSIVE THREAD DRIFT) Flaherty was handed a strong budget surplus in 2006. In the next 2 years he underwhelmed, underachieved, and dipped into deficit. If you wish to cut him slack for 2008, you might ask how much better off we would be if he hadn't blown the bank account in 2 years. Sorry, Flaherty or the Conservatives have not been fiscally prudent. And looking at the F35 debacle shows they have no ability to restrain themselves from pet projects and prisons. Its a matter of Conservative priorities for big ticket spending and large deficits. Soon to get back on Misdirection, Robocalls and Poutine.
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If you can't step up to the plate with sound arguments , reasoning and political insight. You won't be missed. I suggest you put a little more effort into your arguments instead of acting childish. I am retracting this comment.... as you have done exactly that at the same time as i posted this.. lol. my apologies..
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To be fair, we had a Liberal government and many people were happy with their fiscal resolve, but unhappy with downloading. The Liberals main failure was being to long in power, to arrogant, to entitled and add in a culmative set of poor judgement and criminal activity and they had to go. (Much of which is sounding familiar to the present government if you follow this thread and threads like Oda, Bernier, McKay, and convictions in elections finances to start piling on the Conservative Camel) That said the fiscal record of Martin vs Flaherty is pretty clear. An NDP government imho, might be more fiscally responsible or it might be in a similar state to what flaherty has achieved. The only difference might be in job creation vs taxation. Thus the deficit is likely to be the same or lower if the NDP were in power. I don't have a crystal ball. But one thing I do know. When people start running to Greece for cover.. their argument is to be dismissed as comedic hyperbole.
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Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
Thank you Tim... Your research has been informative. -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
Frackin Awesome. -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
He also said this 13 days prior to the statement you have presented..He hasn`t contradicted himself, infact he has clarified his position, but this does signify the effect oil has on the dollar. It is NOT mutually exclusive. Canada Gas Prices: Mark Carney Says Run-Up In Oil A Double Loss For Canadians OTTAWA -- The recent run-up of oil prices is not bringing the usual benefits for the economy and an enduring or pronounced spike will hurt consumers, Bank of Canada governor Mark Carney told The Canadian Press. Carney said the current escalation in oil prices means consumers in the East are paying more for fuel and energy producers in the West are earning less than would be expected. And he is increasingly concerned about the possible impact of the increase on the economy even though Canada exports crude and producers realize greater profits from higher prices. That takes money out of consumer pockets, leaving less disposable income for activities such as travel or purchases that help spur economic growth, said Carney. The corollary is that Canadian producers in the West are also not realizing as much as would be expected because Canada imports more expensive North Sea oil while selling at the lower-priced West Texas Intermediate (WTI) rate and often below. WTI was hovering at just over US$101 on Thursday. Brent crude from the North Sea is over US$122. In March, the average differential between the two was almost US$25. Refineries in Canada on average use about equal proportions of WTI and Brent, a former Bank of Canada study showed, and that mix is reflected in the price of gas at the pump. Carney said bank economists are crunching the numbers and will issue a calculation of the net impact of global oil on the Canadian economy in the next quarterly monetary policy report later this month. It's unclear at what point the net benefit to Canada as an oil exporter flips into a net loss due to the drag of prices on consumer spending and business input costs. As well, the Canadian dollar gets a boost from strong oil, making exports to the U.S. and other countries less competitive. Those are Carneys words not mine... nor Mulcairs for that matter. -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
Many Canadian Companies in both manufacturing and more importantly resource have been aquired by larger capital over the decades. You know as well as anyone that many of these companies are not even based on manufacturing but are financial speculation companies, just as happy to liquidate if it can make a quick buck and is easier then running a manufacturing corp. Canadas history has been long term, British and then US capital. You think you can keep US capital out of the oil fields? And if the oil fields could be relocated with the purchase it would be done lol. That said, the raw can be sent to foreign processing. Don't get too smug.. Harper has just played the China card, and while your American Companies will be cashing in on the profits, the "Ethical Oil" is going to be sent to the commies, and you guys might just be stuck with the Unethical Oil or Freeze in the dark -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
I highly doubt that Mr. Carney is suggesting that the dollar is not affected by Oil. I don't believe there is a discussion about Not selling oil. The discussion is about the selling of oil. -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
Not as I understand it, but I am open to clarification. My Take is that the Oil Export drives up the price of the dollar as oil prices rise. Canadian exports in raw or natural resources may increase, but the higher the dollar, takes away significant profits from within the manufacturing sector making it less attractive to manufacture a good for local consumption or export. Yes there are other factors, and always will be, and they should be looked into as well. No one is suggesting not looking at the other factors. But oils effect on the dolar where oil is 4% of the economy can affect negatively 35% of the manufacturing base. So no one is saying you are wrong. Its those who suggest Oils effect shouldn't be addressed is not fiscally wise. No one has concluded anything. -
too early to tell yet...
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Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
there are two facts we need to keep in mind: 1.Since oil is an internationally traded commodity and since Canada is so small relative to the United States and the EU, price changes in oil are caused by international factors outside of Canada. 2.Since the demand for both oil and gas are quite inelastic in the short run, a rise in oil prices causes the dollar value of the oil sold to rise. (That is, while the quantity sold will reduce, the higher price will cause the total revenue to rise, not fall). Canada exports around 2 million barrels of oil a day to the United States. If the price of a barrel of oil is $50 U.S., that is $100 million (U.S.) in purchases that occur every day. Because of the magnitude of sales involved, any changes to the price of oil has an impact on currency market. Higher oil prices drive up the Canadian dollars through one of two mechanisms, which have the same end impact. The difference is on whether or not the oil is priced in Canadian or American dollars, but the final impact is identical. The Oil is Priced in U.S. Dollars This is the most likely of the two stories. If this is the case then when the price of oil goes up, Canadian oil companies receive more U.S. dollars. Since they pay their employees (and taxes and many other expenses) in Canadian dollars, they need to exchange U.S. dollars for Canadian ones on foreign exchange markets. So when they have more U.S. dollars, they supply more U.S. dollars and demand more Canadian dollars. Thus, as shown in A Beginner's Guide to Exchange Rates and the Foreign Exchange Market, the increase in supply of the U.S. dollar drives the price of the U.S. dollar down. Similarly, the increase in demand for the Canadian dollar drives the price of the Canadian dollar up. The Oil is Priced in Canadian Dollars This is a less likely scenario, but easier to explain. If oil is priced in Canadian dollars, and the Canadian dollar rises in value, then American companies need to buy more Canadian dollars on foreign exchange markets. So the demand for Canadian dollars rises along with the supply of U.S. dollars. This causes the price of Canadian dollars to rise and the supply of U.S. dollars to fall. http://economics.about.com/od/pricesexchangerates/a/oil_and_dollars.htm -
Ontario Progressive Conservative Elizabeth Witmer Resigns
madmax replied to madmax's topic in Provincial Politics in Canada
Figured this is the best place for this for now.. Forum Research survey, May 14 2012: PC - 34% NDP - 32% Liberal - 27% Green - 5% -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
I am not sure where you get this figure from, but yes, labour costs would not be + $300 difference in the hypothetical price given as an example. Pricing will always reflect the market demand and ability to pay. So yes, if you are suggesting their is a .. (there is a name for it that has slipped my typing lol) rent with interest.. it is possible. The market could well correct itself in 100 years -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
I like your proposal so far. It is twice the amount the NDP proposed IIRC with their tax incentive for job creation. -
Canada suffers from Dutch Disease
madmax replied to MiddleClassCentrist's topic in Federal Politics in Canada
we have no disagreement. Interesting as the Harper Government has recently changed its approach specifically because of the Electromotive Debacle. Electromotive was purchased by Catepillar for $820Million dollars and relocated in under 2 years. And yes I am aware that electromotive split the $5million between itself and its customers. That is an incentive. That incentive helped directly in Electromotive Sales and they got to keep a portion of it. You may blame the employees if you wish, Electromotive still got $5million in Subsidies to sell their product and left. We agree. 50Billion is small compared to the total export market and therefore if Oil is causing a spike in the dollar it is disproportionate to its overall percentage of GDP. We have always made choices and will continue to do so. The fact that you and I can have this discussion proves to me there is nothing scarey. Certainly not anything you have said is out of the ordinary. You have even suggest options for the Mortgage activities of the US. Therefore, what I suggest is an open mind and not a closed door. Its a discussion and the facts will sort themselves out in the debate. I see no reason not to look at the studies of the oil sector upon manufacturing. I see no reason to not engage and understand monetary policy and the effects of the dollar especially when one looks to the future. And then a plan. One can look at all the other factors too as I have seen mentioned in this thread. It seems that many are quick to throw stones. There are things that are of National Interest. So going back to your IPhone, it could well be used by Chinese Services to spy on your company which is why the US won't let them in. We make choices we have discussions. I had no knowledge of the Chinese security breaches with telecoms until the US brought it up. If the oil sector is valid in their statements they will survive the scrutiny. If not.... then perhaps the dollar is inflated and we are affecting a larger sector of the economy for not net benefit.
