The Prime Minister Must Go But So Far He Won't: He Puts Himself Above His Country
I am old & I have NEVER seen a Canadian Prime Minister cling to the job in the face of an overwhelming need to step down in my life
Never before have I seen all these reasons to leave
2/
- All 3 Opposition Parties agreeing to Vote Non-Confidence & bring down the Government
- So Many Ministers have quit
- So incredibly low in the Polls
- His own Party hiring lawyers to figure out how to remove him
- So many members of his own caucus voting for him to leave
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I have never in my life seen anyone cling to power in Canada when Canada wants him gone
The fact he hasn't resigned or at least set a date for Liberal Party Convention & suspended Parliament is absolutely unacceptable
Consider how much his inaction is harming Canada
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All the Government staff people in Ottawa who are political appointments (there are thousands of them) know they are finished
Naturally they're spending their time looking for new jobs
The Civil Servants who work on policy know have no reason to work: the laws won't pass
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And on January 20th the Trump Tariffs may come into effect, certainly some version of the 25% Tariffs even if it's selective will begin
And we won't have a strong, effective Prime Minister to manage the biggest potential trade / economic disaster in Canadian history
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All to satisfy one man's ego & one woman's (Katie Telford) desire to keep her PM in power
In all my 67 years I have never seen such a horrible example of a man putting himself ahead of his country
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A Government In Chaos: The Wheels Fall Off In Ottawa
Freedland RESIGNS
Fraser RESIGNS
WTF is happening?
It's obvious that when the Prime Minister started calling his Ministers late last week about a proposed Cabinet Shuffle a couple of them told him to fck himself
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And why wouldn't they? The Prime Minister is running some of the highest negative impressions in the history of the polling industry
The polls also indicate his party would lose at least 115 seats if an election were called today & would likely be third behind the BQ & NDP
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And his own party is so tired of him
An endless series of party organizers & operators beg him to quit
His own former Finance Minister called his most recent policy ideas "Gimmicks"
It is hard to imagine how much more chaotic & flailing this Ottawa disaster can get
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Rate Cut Tomorrow: May Be 50 BPS May Be 25 BPS But Does It Really Matter?
Because if it's only 25 BPS tomorrow it will be 50 BPS on January 29th
The path for Tiff Macklem & the Bank of Canada is clear: Get to a 2.5% Rate by late Spring
The cuts must happen & they will
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But...... THE CURRENCY!!!
Yeah, I've been hearing about the Canadian Dollar's slump against USD for over a year now
And the Canadian Dollar IS down against the American
So is almost every other currency in the world
Will the fall of the Dollar reignite inflation?
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Maybe, we are going to find out
But let me tell you an ABSOLUTE CERTAINTY
The Canadian Economy is in a tailspin, a Recession lead by Ontario is well underway, it will gradually spread across Canada to different degrees in different Provinces
Lousy Employment News = Good Mortgage Rate News But The Future Of Canada's Private Sector Economy Looks Awful
The Unemployment Rate in Canada rose to 6.8% sending 5 - Yr Canada Bonds down (over 40 BPS drop in 10 days)
Will the Bank of Canada cut 50 BPS next Wednesday?
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It's more likely a 25 BPS cut but this reality of crappy Private Sector Canadian economy is really getting locked in
The combination of record breaking Immigration & massive Public Sector job growth that has distorted the Canadian economy for 3 years has run its course
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All of the crap policies that various levels of Government have developed have finally sunk Canada
- Destroy Canada's Energy Industry
- Destroy Mineral Extraction
- Add endless new Regulations
- Totally foolish Housing Initiatives
- Endless Deficit Spending & Money Printing
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