1 trillion dollar debt coming

[terrym]

These people are not affected by economics. They will get obscene cash outs when they eventually lose an election and then will have bigger pensions than most earn as a salary. Why would they give a damn about who's paying their entitlements. We now work for the government, they don't work for us anymore.

[JBen]

Our biggest worry currently shouldn't be the irresponsible decisions of today, that expect future politicians to be responsible. But possibly should in fact be one Donald Trump. I know many here cheered his win, however he is likely going to do things that will make life here a lot harder, no matter who is in Ottawa, That it JT and a bunch of people that insist in living in world where dreams come true well that doesnt bode well, he will eat JT for breakfast.

Too funny, in the other thread I quoted something about high taxes and stagnant income growth killing the have nots. Well its it's looking at least right now we have spendaholics in Ottawa ( the piper will need to be paid), and Trump threatening protectionist policies (did we all see how fast Ford jumped when he threatened GM with punitive taxes for any GM products imported......)
Well that doesnt bode all that well for exports and growth.

And then theres Ms Wynne and all the "stuff" in Ontario, and Notley in Alberta. The engine and tires of Canada.

[mosquito]

The state of Canada after Trump gets in .... the bro-mance is over.

https://i.ytimg.com/vi/VZxUKkr5kf8/hqdefault.jpg

[werner.reiche]

What happens in Canada over the next four years will depend on what Trudeau's policies are, particularly in the energy sector, and very little on what Trump does in the US. A major divergence in the two countries post-Obama is that Trump plans to make the US more friendly to energy companies, while Trudeau continues to make Canada less energy company friendly. Look for foreign investment in energy to move from Canada to the US. But again, its not so much what Trump will do, its what Trudeau is alreaduy doing.

[impact]

Pretty darn sure that Fratri was being sarcastic just like everyone else posting in this thread!

[werner.reiche]

Pretty darn sure that Fratri was being sarcastic just like everyone else posting in this thread!

I didn't pick up the sarcasm - but reread and you're probably right.

[fratri]

Pretty darn sure that Fratri was being sarcastic just like everyone else posting in this thread!

Yup.....Thank you...
This government (Federal and Provincial) are going to continue to hurt us all.

[Dythbringer]

Every time someone starts to complain about the government (either federal or provincial), Highway to Hell by AC/DC starts to play in my head. Every time.

[JBen]

"Disagree" Werner.
This takes and entails some assumptions (best guesses), and "what ifs". H
You are correct in that the energy sector is likely the largest concern, likely followed by manufacturing. Basically Alberta and Ontario.

We already "know" what direction JT is heading in, we already know what Ms Wynne has done to Ontario and what she isn't doing. Basically the only growth industry in Ontario since 2004 has been PS. The world and businesses know as well ( and likely have a far better handle on it than us). See companies fleeing due to hydro, and being uncompetitive and if they aren't leaving, they refuse to invest any more (expand), ring of fire, Magna Intl..sooooooooooooooo many. There are also large parts of the US who likewise needs jobs/growth (he rust belt???) trying to woo many Canadian Companies as is.

What the world doesn't know is what Trump is going to do. He's a firebrand and loose Canon, but some somewhat safe assumptions can be made. Thus far all signs are pointing to protectionism. It's started with the automotive industry (huge and fairly "critical" for Ontario). There are indications steel http://www.theglobeandmail.com/repor...ticle21763022/ and I think safe to assume many others.

The damage they (Wynne, Motley, JT) can do while painful is somewhat limited.

We on Bay Street had a saying. "When the US sneezes, we catch a cold".
This in large part is due to trade imbalances, we import far more than we export, yet rely heavily on exports for economic growth (GDP and jobs)....

The world is not going to give two rabbit turds about the wee wanna be Canada,and prima donna Justin. They will however react to what the US does. They are simply too large. Japan? China, Mexico, India and others that rely on trade with the US?..........

Now factor in the Canadian Dollar?
If Canada starts bleeding, or hemorrhaging our buying power (which has been and is being kneecapped domestically....aka consumers seeing more and more disposable income going to taxes) is going to nose dive and the dollar tank. Historically thats always been somewhat good for our now non existent manufacturing sector........

Then we have Trumps somewhat scary "foreign policy" to worry about.
The world is already on edge this past 6-8 years.....
Too much more destabilization and who the bleep knows which way winds might blow.

And all the while we are up to our eyeballs in debt, unable to switch gears, do much............

What JT and Wynne do or don't do is as meaningful as a bug hitting the windshield on the world stage.
What Trump does or doesn't do...Will be/could be a Moose hitting the windshield.

[yellow dog]

It's just money.

Give me your money. I'll take care of it for you.