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Posted (edited)

OTTAWA -- Bank of Canada Governor Mark Carney kicked sand Tuesday on NDP claims that Conservative economic policies are stifling job creation and growth.

Some NDP members on the Commons finance committee tried to bait Carney into rubber stamping their daily line in the House that Prime Minister Stephen Harper has mangled the economy during the ongoing global downturn.

But Carney, who wears a second hat as chairman of the financial stability board for G-20 countries, said Canada is weathering the storm better than others hit hard by the European situation and a sluggish U.S. recovery.

He said that while belt tightening, austerity measures and spending cuts have different impacts from sector to sector, it's to be expected.

"That's frequently the case in an expansion in a recession and subsequent recovery. Some sectors are affected differentially."

On the job front, Carney said the 430,000 jobs that were lost during the 2008-2009 financial collapse have been recovered and that an additional 380,000 jobs have been added to the workforce for a total of 810,000.

The vast majority of jobs "¦I think almost 85% "¦ are private sector jobs and most of them are full-time."

http://www.sunnewsne...030-211004.html

When it comes to the economy, the NDP know nothing.

Edited by PIK

Toronto, like a roach motel in the middle of a pretty living room.

Guest Derek L
Posted

And that right there is why the Liberal Party of Canada will “rise from the ashes” and be reborn a viable alternative to the Conservatives………….The NDP is just scary and I wouldn’t trust them to run an established 7 Eleven.

Posted

And that right there is why the Liberal Party of Canada will “rise from the ashes” and be reborn a viable alternative to the Conservatives………….The NDP is just scary and I wouldn’t trust them to run an established 7 Eleven.

It is so funny , that the NDP uses pages number's as god's word over carney, but then turn around and complain that pages does not get the right info to do his job. The libs will be back to 2nd place and the NDP will be back to where they belong, sitting in the back row with Ms May.

Toronto, like a roach motel in the middle of a pretty living room.

Posted

They really need to get the message. Nobody trusts them with the economy because they can never make any sense of it. If they held more rational views then maybe economists wouldn't laugh them off every time they say anything.

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted

They need to learn from their provincial counterparts...or at least, a former one. The Conservatives thought so much of Doer that they hired him. The Canadian Taxpayers Federation rated him one of the most fiscally conservative premiers in the country the year he retired.

Posted

then maybe economists wouldn't laugh them off every time they say anything.

Are you talking about the same economists who created the last recession?

Ya usually when a quak creates havoc through their incompetence,you dismiss their opinion a lot more easily.

WWWTT

Maple Leaf Web is now worth $720.00! Down over $1,500 in less than one year! Total fail of the moderation on this site! That reminds me, never ask Greg to be a business partner! NEVER!

Posted

The economists created the recession? Hahahaha!

You have about as good an understanding of the world, if you're having a good day, as a 10 year old does.

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted

They need to learn from their provincial counterparts...or at least, a former one. The Conservatives thought so much of Doer that they hired him. The Canadian Taxpayers Federation rated him one of the most fiscally conservative premiers in the country the year he retired.

Yes, he was part of the exclusive club I like to call, "The Real World." It's a shame the federal NDP is so stuck in lollipop land.

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted

The NDP will learn in time, but they are far from prime time. Mulcair will take them more to the centre, and then they will eventually start making sense.

Toronto, like a roach motel in the middle of a pretty living room.

Posted

The NDP will learn in time, but they are far from prime time. Mulcair will take them more to the centre, and then they will eventually start making sense.

Yes, I agree. pushing the Liberals further and further into obscurity with a boy as its leader. PM Harper or Mulcair would thrash him to bits, he'd be crying every day after QP.

"You are scum for insinuating that isn't the case you snake." -William Ashley

Canadian Immigration Reform Blog

Posted

They should be charged like those Italian seismologists.

lol...what?

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted

Yes, I agree. pushing the Liberals further and further into obscurity with a boy as its leader. PM Harper or Mulcair would thrash him to bits, he'd be crying every day after QP.

Yes I can hear him now, you are so full of shit, it's barbaric.

Toronto, like a roach motel in the middle of a pretty living room.

Posted

Was it sarcasm? If so...well done. laugh.png

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted

There is no recession there is just a downturn in wants.

People have what they want. Overproduction is a bad thing in the big picture.

While it is true overproduction is good for resource driven economies like Canada, being a solely resource driven economy is a bad thing.

There are no recessions just bad uses of labour.

There are plenty of things people can do, but the REAL problem is is monetization of the economy.

A real measure of economic success is based upon peoples needs/ and wants - demands being met. That is all that matters.

Are there unmet demands... if those unmet demands are work then put people to work. But it is clear that the problem is monetization of the economy, and for us to end idiotic paranoia about economic success we must destroy the monetary system. Like the Americans only with purpose and intent.

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