Hogwash. Seen this before. Bank of Canada deliberately suppressing interest rates to protect the incumbent government. Canada's economy needs a moderate transitional rise in interest rates. Reasons: prevents a further rise in private and commercial indebtedness, which are at record highs. Supports, and or slows the slide of, the Canadian currency.
... Low interest rates encourages the government to print money to artificially mitigate its budgetary deficits and trade deficit. All these skirt the inevitable inflation due to more costly imports.
... Now it doesn't mean that the rates should spiral upwards, simply adjusted. Delaying a needed rise in interest rates means that when the inevitable interest rates rise, the increase will be far greater and more likely to cause out of control spiralling inflation very similar to the period in the early eighties.
... It seems the Conservatives are using the bank of Canada to protect their political butts at the price of jeopardizing the longer term Canadian economic health. Put the prime interest rates higher now to prevent catastrophic inflation two years from now.
Showing posts with label campaign. Show all posts
Showing posts with label campaign. Show all posts
Wednesday, September 09, 2015
Thursday, August 27, 2015
Time for pinky swears
What can be done? A change is needed..
The next great reform to the Elections
Act? After years of angst and agony imposed on the voting citizen, a change is needed. To
reduce the quantity of unrealistic promises by candidates, the
solution is simple. Pinky swear.
Every candidate's promises and speeches
must be made under sworn oath. Lies and broken promises then can be
litigated as perjury. This oath period begins once the writ is dropped, or when the official election campaign begins. Candidate's are bound to complain. Yet voters
have the right to expect those successful candidates to keep their
promises and political affiliation.
A political campaign is much like an
employment resume and application. Those segments are conducted and
signed by the applicant as being legally true. The average successful
new employee is legally expected to tell the truth on that
application. If its a lie. They are fired.
Then to protect joe average citizen,
all politicians promises and speeches must now have legal force.
Everything they say or promise is made under sworn oath.
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