Showing posts with label campaign. Show all posts
Showing posts with label campaign. Show all posts

Wednesday, September 09, 2015

Bank of Canada plays politics

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. 

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.