The "LOLCANADA" thread...again

The "LOLCANADA" thread...again

So what's new?

I've noticed the Liberals are now ahead in all major polls and Trudeau hasn't even started to campaign yet...i'd be shocked if they lost the election now.

Just shows just how incompetent Conservatives are.

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11 July 2019 at 07:31 PM
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2766 Replies

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Ya, saying the President that has received the most votes+most an as incumbent, continually gaining
in popularity, breaking records on podcasts as the most popular president is an outlandish thing to say. It's deserves multiple post refuting it and anyone that believes it is a troll. You're guys brains are melted from TDS, what other metric should we use for popularity, polls?lol.


by Bobo Fett k

Are you guys still feeding the troll? Not throwing shade, as I think I'm the one who got this derail going by replying to his silly bait in the first place (sorry), but once he brought out the 3 times X votes equals the most votes thus making Trump most popular evarr it became pretty obvious, and then the real tell was "Not sure why that triggers people so much" and "It was an off the cuff comment and 4 posters lost their mind." Good faith posters can have disagreements without believing people

Yeah pretty clearly.
Let’s just ignored his nonsense I agree .


by Bobo Fett k

Are you guys still feeding the troll? Not throwing shade, as I think I'm the one who got this derail going by replying to his silly bait in the first place (sorry), but once he brought out the 3 times X votes equals the most votes thus making Trump most popular evarr it became pretty obvious, and then the real tell was "Not sure why that triggers people so much" and "It was an off the cuff comment and 4 posters lost their mind." Good faith posters can have disagreements without believing people

oh it’s just shifty, having the Canada thread without him is like going deer hunting without your accordion.


From Montreal corp in another thread moved here

Trump did an unprecedented thing that no economist and investor in the markets understand .
Creating around 4 trillions of debt up to end of 2019 with a record low unemployment, no inflation , no recession , extremely low interest rates , record high stock market at the time etc …

And people wonder why today we have such a high debt while at the same time Praising trump that was throwing money around and they felt good under him ?

Ffs, people think biden was bad because they know **** about the economy and why it was bad post trump and why it was good under trump ….

4 trillion in debt which represents 10% of the national debt while Justin doubled and more the national debt ?????

First he isn’t and second no one in their right mind would say a PM putting the country at the top of increase production of oil in the world be against oil !

But yes sadly climate changes do matter and still he manages to be absolutely great for oil industries bottom line profits and production increases .

Lowering production would actually be against oil .

But we all know in the Canadian thread if Justin would of 5X increase production of oil u still would say he ain’t great and he spend like 30-40 billions of tax payers money for a pipeline to help the oil Industries exportation and u still claim him an anti oil so …..what else to say ?!?

You do realize the PM can make it tough to get oil to market by banning pipelines and cap limits. Ultimately the province owns the resources and develops them and the market will determine that
As well that Pipeline was how much over budget?


by lozen k

4 trillion in debt which represents 10% of the national debt while Justin doubled and more the national debt ?????

Let's do apples to apples because covid etc played big roles. Trump increased the debt by 40%.

. Looks like Trudeau increased Canada's debt by about 30% in that same time period.

Reminder that Canada does GREAT compared to US and other g7 countries on debt to gdp etc.

GREAT JOB JUSTIN TRUDEAU.


by uke_master k

Let's do apples to apples because covid etc played big roles. Trump increased the debt by 40%.

. Looks like Trudeau increased Canada's debt by about 30% in that same time period.

Reminder that Canada does GREAT compared to US and other g7 countries on debt to gdp etc.

GREAT JOB JUSTIN TRUDEAU.

I am no math professor like you but when you double the debt lets say from 616 Billion to 1.232 Trillion is that not a 100% increase in debt?


Your problem was english comprehension not math.. Yes, Trudeau raised the debt as a percentage more in 9 years (including the full pandemic) than trump did in 4 years. If you focus on the 4 years they are both in office, Trump raised it more in that time period than Trudeau did. In that time period. In that time period. In that time period.


by lozen k

From Montreal corp in another thread moved here

4 trillion in debt which represents 10% of the national debt while Justin doubled and more the national debt ?????

You do realize the PM can make it tough to get oil to market by banning pipelines and cap limits. Ultimately the province owns the resources and develops them and the market will determine that
As well that Pipeline was how much over budget?

Trump did in total 7.8 trillions debt increase in 4 years !
If you read carefully I specifically said 4 trillions up to end of 2019 , excluding COVID 2020 under trump….

And remember before COVID :
low inflation
Record low unemployment
Record stock market price
No recession in view
Extremely low interest rates

Why in the hell anyone would add so much debt in a period like that and then people say , ho yeah great years under trump ~> until the bill came up and now they complain too much debt ? Lol….

Trump did far worst then Trudeau on the debt issues.
Trump is callled the king of debt for a reason …..


Why do you say that? If Canada has lower debt to gdp that is capturing the "better positioned" metric no? Canada has pretty stead resource extraction economy, that isn't going away anytime soon so I'd actually suggest we are better positioned even than a country with an equal debt to gdp.


You made a post, I responded, then you deleted it and reposted a longer version. You might have thus missed my reply, but it stands.


by uke_master k

Let's do apples to apples because covid etc played big roles. Trump increased the debt by 40%.

. Looks like Trudeau increased Canada's debt by about 30% in that same time period.

Reminder that Canada does GREAT compared to US and other g7 countries on debt to gdp etc.

GREAT JOB JUSTIN TRUDEAU.

ya but those country's are better positioned to pay their debts . even if its less 😀. You cant really compare are debts to the usa's. They control the monetary system if not the world. They can get away with much more. Its the small country's that have the rough times like Greece and italy. Canada has an equal gdp to italy and they have had some tough times lately which acually let us leap frog them in the g7 rankings after trailing them since federation.

Having resource extraction is nice that's going to be sold off to pay it at this rate. We don't have much else if were being honest. We are not willing to invest in that resource extraction so it will be outsourced


Let's suppose two countries have identical debt-to-gdp. Canada does better than most, but let's say equal. The idea of not being "better positioned" I think is suggesting that Canada might have its GDP eroded in the future thus making it's debt-to-gdp worse in the future compared to other countries that are equal right now. However, firstly I saw some charts of g7 countries out to 2029 (in the first reply, to lazy to regoogle) and it was showing improvement on this metric compared to other countries. And then if you look at the type of economy that Canada has it isn't one highly dependent on say fleeting success (think back to RIM or nortel) that can die off, but a much higher proportion of the economy is stable things like forestry and mining and oil and stuff that isn't likely to die off.


by MoViN.tArGeT k

ya but those country's are better positioned to pay their debts . even if its less 😀. You cant really compare are debts to the usa's. They control the monetary system if not the world. They can get away with much more. Its the small country's that have the rough times like Greece and italy. Canada has an equal gdp to italy and they have had some tough times lately which acually let us leap frog them in the g7 rankings after trailing them since federation.

Having resource extraction is nice tha

Canada got his own currency and it’s debt is mostly in its own currency too .
So Canada is fine

70% of Canadian debt are held by Canadians institutions (banks, pensions fund , etc ).

We have a great commodity named oil that the Canadian dollar will always have demands for to help us in dire times .

As for how Canada is performing on debt issues (2023) ?

https://www.canada.ca/en/department-fina...

Following the unwinding of pandemic-era emergency supports, Canada's rate of fiscal consolidation has been the fastest in the G7, and we maintain both the lowest deficit and lowest net debt-to-GDP ratio of any G7 country. Together with Germany, Canada is one of only two G7 economies to have a AAA credit rating from at least two of the three major ratings agencies. In early November, Moody's reaffirmed Canada's AAA rating with a stable outlo

So Canada is perfectly fine .
Now that doesn’t mean we shouldn’t do nothing , Canada need absolutely now to reverse all that process of debts increases and yes , debts do matter today .
But to claim Justin was horrible in the debt management is nonsense .


by uke_master k

Let's suppose two countries have identical debt-to-gdp. Canada does better than most, but let's say equal. The idea of not being "better positioned" I think is suggesting that Canada might have its GDP eroded in the future thus making it's debt-to-gdp worse in the future compared to other countries that are equal right now. However, firstly I saw some charts of g7 countries out to 2029 (in the first reply, to lazy to regoogle) and it was showing improvement on this metric compared to other count

Because of Trudeau's activism and telling countries things like there's no business case for natural gas we are now reliant on the USA or else our economy crumbles. Now Trudeau is Trump's muppet, which is for the best btw.


Remember when Uke applauded the election results in the UK because they moved left, I remember, it wasn't that long ago.

https://www.telegraph.co.uk/news/2024/11...

Trump is more popular in Britain than Sir Keir Starmer, exclusive polling for The Telegraph has shown.


by Shifty86 k

Remember when Uke applauded the election results in the UK because they moved left, I remember, it wasn't that long ago.

https://www.telegraph.co.uk/news/2024/11...

Um I’ve never mentioned Starmer in this forum. But regardless, I for one don’t judge my politics by whether they are currently politically popular in the moment. I certainly agree right wing populism is in vogue in sadly many countries right now.


by Shifty86 k

. Now Trudeau is Trump's muppet, which is for the best btw.

I don’t understand why some Canadians cheer on Trump actively harming Canada. Like you can be ideologically align with Trump and recognize that massive tariffs to eliminate Canadas trade surplus with the US is bad for Canada.


It’s been simmering away for a year and a half now but the government has been in belt tightening mode for a while. That’s probably good after the growth through the pandemic. But if you believe it will magically be easy for Poilievre to generate magical billions out of thin air by saving without cutting services, you might find yourself disappointed. A lot of the easy fat is gone or going, it’s going to be the tougher layers beneath it to fight over.

https://ottawacitizen.com/public-service...


by uke_master k

It’s been simmering away for a year and a half now but the government has been in belt tightening mode for a while. That’s probably good after the growth through the pandemic. But if you believe it will magically be easy for Poilievre to generate magical billions out of thin air by saving without cutting services, you might find yourself disappointed. A lot of the easy fat is gone or going, it’s going to be the tougher layers beneath it to fight over.

https://ottawacitizen.com/public-service...

Belt tightening is a 45 to 50 billion $ deficit lol


I mean I don't really think debt is a huge problem. I play victoria 3! I let my debt soar!. but being in debt as a minor power is certainly different then being in debt as a major power. Its certainly talked about too much by the right tho. Its just an international ponzi scheme that likely wont have much downturn in the future. We have all the guns after all what are the foreign debt owners gonna do? What might happen tho is the first country's to default will get thrown to the wolves and Canada could be one of them. don't be at the bottom of a ponzi scheme!


by MoViN.tArGeT k

I mean I don't really think debt is a huge problem. I play victoria 3! I let my debt soar!. but being in debt as a minor power is certainly different then being in debt as a major power. Its certainly talked about too much by the right tho. Its just an international ponzi scheme that likely wont have much downturn in the future. We have all the guns after all what are the foreign debt owners gonna do? What might happen tho is the first country's to default will get thrown to the wolves and Cana

You do realize you pay interest on that debt ?


by lozen k

Belt tightening is a 45 to 50 billion $ deficit lol

Not really. They are related but not the same. For example the GST and rebate checks cost a lot of money but take very little work in terms of government bureaucracy and jobs, as does increasing NATO spending by buying American weapon systems like the NASAMS system we (correctly) bought Ukraine. This article is about the government bureaucracy and number of workers and consultants and travelling etc. The reason this is relevant is conservatives ALWAYS say they will find untold billions by cutting the size of government and still delivering services more efficiently. It almost never works but it’s a great line. Poilievre will promise the same. So my point here is that the easiest fat to cut is already being cut and it won’t be as easy as he suggests.


by lozen k

You do realize you pay interest on that debt ?

Sometimes I wonder if we really pay it when we create more debt to pay it ?
I guess it’s just a case of perception depending on which part of the debt you choose to believe we borrow to pay it down ?
Me I choose the interest on the debt shrug .


One of the under-appreciated thing about inflation is that it inflates away debt. The numbers look bigger. But we've had a LOT of inflation in the last couple years, so it is much easier to pay off that debt. This is both true federally and individually - the cost of living raises because of being in a union make my income soar separate from any merit stuff, so it is actually easier to pay off my mortgage even with higher interest rates because of the higher income. Same with the federal debt.


by uke_master k

Um I’ve never mentioned Starmer in this forum. But regardless, I for one don’t judge my politics by whether they are currently politically popular in the moment. I certainly agree right wing populism is in vogue in sadly many countries right now.

Hmmmm

by uke_master k

LANDSIDE SUPERMAJORITY VICTORY FOR LABOUR. The lost decade under conservative rule in the UK is over.

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