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Five mentions of the word "conservative". Zero of "commodities" which, in the form of their crashing prices, is 100 percent of what ails Canada. When Bloomber

Five mentions of the word "conservative". Zero of "commodities" which, in the form of their crashing prices, is 100 percent of what ails Canada. When Bloomberg decided to publish opinion pieces was there any question it would be nothing but shameless liberal propaganda?

skylan_q 11y ago
I'd say real estate is another ailment here. When Bloomberg decided to publish opinion pieces was there any question it would be nothing but shameless liberal propaganda? That's called "news about Canada". Albertans don't exist, I tell ya!
empressplay 11y ago
It's funny how Conservatives are quick to point the finger at Liberal social-spending for all of the ills of a country's economy when they're in opposition, but when they're in power and things don't go well it's "all the fault of external forces." Hypocrites.
Mikeb85 11y ago
We're (Canada, to be clear) one of the richest countries in the world. One of the most educated. One of the most cosmopolitan. So why is it that we're limited to being a petro-state? We live next to the biggest economy in the world, we're their largest trading partner (and vice versa). They're growing ~4% a year and we're in a recession. I don't know about you, but I'd like to think that we could do better. The reason the conservatives are mentioned is that they've been in power for 9 years and there's an election coming up. Their only plan seems to be to deny that there's a problem and hope people believe them...
- raverbashing 11y ago
  > We're (Canada, to be clear) one of the richest countries in the world. One of the most educated. One of the most cosmopolitan. > So why is it that we're limited to being a petro-state? Yeah, that's for you (the Canadians) to answer. (IMHO) In Canada everybody is very good at doing what they're told, but they're not so good at coming with solutions (I mean, big solutions, not the Stack Overflow kind of solution) by themselves
- YZF 11y ago
  But when they were in a recession and their banking industry had to be bailed out and their housing market crashes and their unemployment hit the roof we didn't get all of that. It sounds like you want to have your cake and eat it. I'm probably not voting for the conservatives but at the same time I don't think they're to blame for the current situation. It's not like the Canadian economy used to be more diversified when the conservatives weren't in power, if anything it's the other way around. We're resource rich and naturally that is something that influences the economy.
  - icegreentea 11y ago
    But it's absolutely possible - at least conceptually - to have your cake and eat it in the realm of economics. This is literally an entire field where the predominant assumption is that life is not zero-sum game. That said, I feel that a huge chunk of all of this coverage is just delayed biteback for all the ridiculously heavy handed rhetoric that the Conservative party has been playing over the past ~6 years (for those not familiar, the Conservative Party has heavily played the card of being the party that knows how to make the economy strong). They've been playing the card of being fiscally sound and promoting economic growth, and I'm certain huge chunks of the Canadian media (cough CBC) has been just choking at the collar to call bullshit on it. This is all just sweet sweet payback from the perspective of all of the media for that. Honestly the biggest shame is that no one setup a sovereign fund like the Norwegians did. As a Canadian, this all sucks.
  - badsock 11y ago
    It's not as if Norway is tanking right now; it is possible to have resources and not be a banana republic. But the Conservatives didn't make that transition in Alberta during the decades of power that they enjoyed there, and they didn't federally over the last decade - and they had the mandate to do it (Canadians, contrary to all evidence, believe that the Conservatives are competent stewards of the economy). They absolutely deserve blame here - this current downturn in demand was not even unlikely. With the Conservatives there's an unspoken deal: we'll cut social programs, which will hurt, but the economic benefit will be worth it. Canadians in this case neither get their cake (economic growth) nor eat it (social spending), so what exactly have the Conservatives delivered?
- tsotha 11y ago
  >We're (Canada, to be clear) one of the richest countries in the world. One of the most educated. One of the most cosmopolitan. >So why is it that we're limited to being a petro-state? Did you ever consider the possibility you're one of the richest etc, etc because you're a petro-state?
- wycx 11y ago
  By what metric is that Canadian wealth quantified? If Canada is anything like Australia, household wealth is essentially the value of the house, which is most certainly not intrinsic, but a function of credit availability facilitating a housing ponzi scheme. How much Canadian mortgage lending is via Canadian banks borrowing from overseas banks in a currency other than CAD? How will Canadian banks deal with the falling CAD? This is the scenario facing Australia at present, (the AUD made it to USD 0.69 earlier this week, from a high of 1.05 in 2013), and Australia is fucked. A housing crash for both Canada and Australia in 2008 would probably have been a good thing.
- deleted 11y ago
  [deleted]
fungi 11y ago
No boom, minerals, housing prices, or tulips is ever going to last. Which is why a broad based economy is important. The government of the day is responsible for this. But I am not an economist.
trhway 11y ago
>Five mentions of the word "conservative". Zero of "commodities" which, in the form of their crashing prices, is 100 percent of what ails Canada. well, given that conservatives favor commodities based tilt of their economies ...

skylan_q 11y ago

I'd say real estate is another ailment here. When Bloomberg decided to publish opinion pieces was there any question it would be nothing but shameless liberal propaganda? That's called "news about Canada". Albertans don't exist, I tell ya!

empressplay 11y ago

It's funny how Conservatives are quick to point the finger at Liberal social-spending for all of the ills of a country's economy when they're in opposition, but when they're in power and things don't go well it's "all the fault of external forces." Hypocrites.

Mikeb85 11y ago

We're (Canada, to be clear) one of the richest countries in the world. One of the most educated. One of the most cosmopolitan. So why is it that we're limited to being a petro-state? We live next to the biggest economy in the world, we're their largest trading partner (and vice versa). They're growing ~4% a year and we're in a recession. I don't know about you, but I'd like to think that we could do better. The reason the conservatives are mentioned is that they've been in power for 9 years and there's an election coming up. Their only plan seems to be to deny that there's a problem and hope people believe them...

raverbashing 11y ago
> We're (Canada, to be clear) one of the richest countries in the world. One of the most educated. One of the most cosmopolitan. > So why is it that we're limited to being a petro-state? Yeah, that's for you (the Canadians) to answer. (IMHO) In Canada everybody is very good at doing what they're told, but they're not so good at coming with solutions (I mean, big solutions, not the Stack Overflow kind of solution) by themselves
YZF 11y ago
But when they were in a recession and their banking industry had to be bailed out and their housing market crashes and their unemployment hit the roof we didn't get all of that. It sounds like you want to have your cake and eat it. I'm probably not voting for the conservatives but at the same time I don't think they're to blame for the current situation. It's not like the Canadian economy used to be more diversified when the conservatives weren't in power, if anything it's the other way around. We're resource rich and naturally that is something that influences the economy.
- icegreentea 11y ago
  But it's absolutely possible - at least conceptually - to have your cake and eat it in the realm of economics. This is literally an entire field where the predominant assumption is that life is not zero-sum game. That said, I feel that a huge chunk of all of this coverage is just delayed biteback for all the ridiculously heavy handed rhetoric that the Conservative party has been playing over the past ~6 years (for those not familiar, the Conservative Party has heavily played the card of being the party that knows how to make the economy strong). They've been playing the card of being fiscally sound and promoting economic growth, and I'm certain huge chunks of the Canadian media (cough CBC) has been just choking at the collar to call bullshit on it. This is all just sweet sweet payback from the perspective of all of the media for that. Honestly the biggest shame is that no one setup a sovereign fund like the Norwegians did. As a Canadian, this all sucks.
- badsock 11y ago
  It's not as if Norway is tanking right now; it is possible to have resources and not be a banana republic. But the Conservatives didn't make that transition in Alberta during the decades of power that they enjoyed there, and they didn't federally over the last decade - and they had the mandate to do it (Canadians, contrary to all evidence, believe that the Conservatives are competent stewards of the economy). They absolutely deserve blame here - this current downturn in demand was not even unlikely. With the Conservatives there's an unspoken deal: we'll cut social programs, which will hurt, but the economic benefit will be worth it. Canadians in this case neither get their cake (economic growth) nor eat it (social spending), so what exactly have the Conservatives delivered?
tsotha 11y ago
>We're (Canada, to be clear) one of the richest countries in the world. One of the most educated. One of the most cosmopolitan. >So why is it that we're limited to being a petro-state? Did you ever consider the possibility you're one of the richest etc, etc because you're a petro-state?
wycx 11y ago
By what metric is that Canadian wealth quantified? If Canada is anything like Australia, household wealth is essentially the value of the house, which is most certainly not intrinsic, but a function of credit availability facilitating a housing ponzi scheme. How much Canadian mortgage lending is via Canadian banks borrowing from overseas banks in a currency other than CAD? How will Canadian banks deal with the falling CAD? This is the scenario facing Australia at present, (the AUD made it to USD 0.69 earlier this week, from a high of 1.05 in 2013), and Australia is fucked. A housing crash for both Canada and Australia in 2008 would probably have been a good thing.
deleted 11y ago
[deleted]

fungi 11y ago

No boom, minerals, housing prices, or tulips is ever going to last. Which is why a broad based economy is important. The government of the day is responsible for this. But I am not an economist.

trhway 11y ago

>Five mentions of the word "conservative". Zero of "commodities" which, in the form of their crashing prices, is 100 percent of what ails Canada. well, given that conservatives favor commodities based tilt of their economies ...