Liberal (Minority/Majority) Government 2025 - ???

[Altair]

Definitely no economist...but a 17,000 increase in hospitality jobs which I frankly view as more entry level McJobs and a drop in the youth unemployment rate have to be both good things. Construction is up but not sure if that seasonal work. No mention of government jobs skewing numbers either way which is a positive.

One month is not a trend but more people working is a good thing.

Most of the gains were in non government sectors.

 

[MilEME09]

Definitely no economist...but a 17,000 increase in hospitality jobs which I frankly view as more entry level McJobs and a drop in the youth unemployment rate have to be both good things. Construction is up but not sure if that seasonal work. No mention of government jobs skewing numbers either way which is a positive.

One month is not a trend but more people working is a good thing.

Over 50k was private sector so thats a sign the economy is rebounding with private sector confidence

 

[YZT580]

So what... economy shrinks while jobless rate drops?

Or are the job numbers signalling a rebound?

I dont think anyone knows what the economy is doing.

you are definitely a glass is half empty kind of guy. 87000 in any category is 87000 fewer people needing to visit the food banks for everything and helping to pay the rent. They may be entry level jobs but $17. or so per hour is better than sitting at home and watching the soaps or worse yet, standing on a corner with your Timmy's cup.

 

[Altair]

you are definitely a glass is half empty kind of guy. 87000 in any category is 87000 fewer people needing to visit the food banks for everything and helping to pay the rent. They may be entry level jobs but $17. or so per hour is better than sitting at home and watching the soaps or worse yet, standing on a corner with your Timmy's cup.

I am happy about the numbers, while being confused about the state of the economy as a whole.

 

[MilEME09]

you are definitely a glass is half empty kind of guy. 87000 in any category is 87000 fewer people needing to visit the food banks for everything and helping to pay the rent. They may be entry level jobs but $17. or so per hour is better than sitting at home and watching the soaps or worse yet, standing on a corner with your Timmy's cup.

people still watch soaps?

 

[daftandbarmy]

people still watch soaps?

Ahem... 'Micro Dramas', please...

View this content on Instagram

View this content on Instagram

 

[ArmyRick]

The new PBO is not delivering cheery news

PBO projects larger federal deficits than forecast in government’s spring update

Watchdog attributes difference to its assumptions that personal income tax revenues will be lower than Ottawa expected

www.theglobeandmail.com

 

[ArmyRick]

And some more wonderful cheery news on the truth of how well things are under a Carney government

 

[ArmyRick]

Professor Eric Kam (in the above video) some key points
-There is no technical recession, there is recession or not
-The time to recognize our economy was in trouble was yesterday
-The Liberals are constantly trying to point to other things to distract from real issues, they are running out of "other things"
-Donald Trump is not to blame for the state of our economy

 

[CBH99]

And some more wonderful cheery news on the truth of how well things are under a Carney government

I have no idea why people were ever expecting anything to change - and I know we were both saying the same thing during the election

It's the same government.

Same MP's. Same cabinet ministers. Same policies. Same useless pugs in terms of checks & balances.

Carney was Trudeau's economic advisor. Why people thought the economy would be better with Carney as PM has never made sense to me. (Again, we both said the same thing at the time)


Correction - Carney DID sign some non-legally binding MOU's that Trudeau hadn't signed...

(And because they aren't legally binding, they shockingly haven't been honoured "yet"...)

But he signed them! And Trudeau hadn't! So I mean, just look at all this change! It's wonderful

 

[Altair]

Professor Eric Kam (in the above video) some key points
-There is no technical recession, there is recession or not
-The time to recognize our economy was in trouble was yesterday
-The Liberals are constantly trying to point to other things to distract from real issues, they are running out of "other things"
-Donald Trump is not to blame for the state of our economy

so if we didn't import more gold than usual and thus didn't fall into recession , it's all good?

Nonsense.

 

[ArmyRick]

so if we didn't import more gold than usual and thus didn't fall into recession , it's all good?

Nonsense.

Go head to head with Prof Eric Kam in a public debate on economics in our nation,. I fucking dare you to do it. No? He would chew you up and spit you out. And you know it.

 

[Altair]

Go head to head with Prof Eric Kam in a public debate on economics in our nation,. I fucking dare you to do it. No? He would chew you up and spit you out. And you know it.

Invite him here?

What nonsense is this? You post a video and thus that's the end all of it?

Be better.

 

[ArmyRick]

Invite him here?

What nonsense is this? You post a video and thus that's the end all of it?

Be better.

I am not the one challenging him. You are. Go for it. I'll gladly reach out to him and see if he is up for it.

You willing if he is?

You usually have a quick reaction to post here (aka knee jerk reaction), so?

 

[Altair]

I am not the one challenging him. You are. Go for it. I'll gladly reach out to him and see if he is up for it.

You willing if he is?

You usually have a quick reaction to post here (aka knee jerk reaction), so?

If you want to invite him here, be my guest.

I would love to ask him if we imported less gold than we did it would mean we are not in recession.

That all said, if you think that simply posting a video means it's above reproach you're sadly mistaken. Anyone can post a video.

Seriously, be better.

 

[ArmyRick]

If you want to invite him here, be my guest.

I would love to ask him if we imported less gold than we did it would mean we are not in recession.

That all said, if you think that simply posting a video means it's above reproach you're sadly mistaken. Anyone can post a video.

Seriously, be better.

Be better? Dude, over the years, you are usually more incorrect than correct.

I will admit, I am no economist. But Eric Kam makes a living teaching a few thousand students every year and I assume he knows a hell of a lot more than you. Your little quibbles there are your response to him? Seriously you do better.
You jump on here constantly and fire off knee jerk responses all the time and skip over key points or factors, seriously you do better.

I posted his video in response to people trying to pretend there is no recession or the economy is "just fine", its getting a little tiring hearing year after year how everything is fine and yet year after year, more and more explanations for why things are going terribly wrong.

We as a nation keep voting the same party in over and over, expect results or failures to keep repeating themselves except they are getting worse and worse.

 

[PPCLI Guy]

Go head to head with Prof Eric Kam in a public debate on economics in our nation,. I fucking dare you to do it. No? He would chew you up and spit you out. And you know it.

This is turning into a hissing slap fight - but with proxies! Or are they Champions?

 

[Altair]

Be better? Dude, over the years, you are usually more incorrect than correct.

I will admit, I am no economist. But Eric Kam makes a living teaching a few thousand students every year and I assume he knows a hell of a lot more than you. Your little quibbles there are your response to him? Seriously you do better.
You jump on here constantly and fire off knee jerk responses all the time and skip over key points or factors, seriously you do better.

I posted his video in response to people trying to pretend there is no recession or the economy is "just fine", its getting a little tiring hearing year after year how everything is fine and yet year after year, more and more explanations for why things are going terribly wrong.

We as a nation keep voting the same party in over and over, expect results or failures to keep repeating themselves except they are getting worse and worse.

https://www.cbc.ca/news/politics/carney-responds-to-recessison-news-9.7220490

In an analysis posted on Monday, Scotiabank chief economist Derek Holt also pushed back against the label.

Beyond the small size of the decline, he noted that harsh winter weather and tariff-induced trade swings were spurring volatility in the recent economic data.

He also wrote that imports of gold were also sharply higher in the first quarter, dragging GDP lower.

"It would be irresponsible to make a recession call on the basis of surging gold imports that are idiosyncratic in nature versus reflective of underlying activity in the economy," he said.

Holt also pointed to ongoing consumer strength and early signs of an economic rebound in the second quarter.

"Overall, while I have no problem calling recession if there is merit to doing so, I find it would be irresponsible to do so in this case, and dwelling on a recession call risks causing one," he said.

Oh my GOD, it Derek Holt. He's a chief economist at scotiabank!

I guess the argument is SETTLED!!!

Embarrasing.

 

[ArmyRick]

This is turning into a hissing slap fight - but with proxies! Or are they Champions?

Actually as someone who fought many. many grappling tournaments and a few amateur MMA fights, I prefer real punch outs. But that gets viewed as threatening, so keyboard fights it is.

For my amateur MMA bouts? the fact that I my name was never on any pro cards tells you how grand I did. I did last a few minutes throwing down with Carlos Newton (former MMA welter champion) before he damn near choked me out.

 

[PPCLI Guy]

Actually as someone who fought many. many grappling tournaments and a few amateur MMA fights, I prefer real punch outs. But that gets viewed as threatening, so keyboard fights it is.

For my amateur MMA bouts? the fact that I my name was never on any pro cards tells you how grand I did. I did last a few minutes throwing down with Carlos Newton (former MMA welter champion) before he damn near choked me out.

Cool!