this post was submitted on 17 Apr 2025

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143

Carney Is Proving To Be An Economic Juggernaut (www.snopes.com)

submitted 4 days ago by [email protected] to c/[email protected]

77 comments fedilink hide all child comments

C'mon guys this is such an easy win for us as a country. Justin went a little too far with his style of governing for a lot of you and now the liberals have voted this guy to be it's leader and new PM. This is who we want to lead us into the second half of the 20th century, this guy is so fucking smart. Pierre just sings slogans and simple pretty things that sound nice but in reality he's just going to sell us off to American interests and cut the things that help working people.

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[+] [email protected] -6 points 2 days ago* (last edited 2 days ago) (3 children)

1.5 million immigrants in a year isn't a "little too far". The UN called it modern slavery.

Carney also seemingly wants to continue it.

When asked whether Canada can afford a pro-immigration policy, Carney responded, “The short answer is yes we can – and arguably, we can’t afford not to.”

Carney emphasizes integrating the 4+ million newcomers who arrived in recent years, focusing on transitioning temporary residents (TRs) to permanent residents (PRs).

If you want to help the poor then reducing demand is the first step, obviously matching immigration to housing supply would have been smart.

[–] [email protected] 1 points 1 day ago (1 children)

I believe the foreign temporary worker program was definately being abused and that's what they were talking about.... Regular immigration is not bad and Canada needs it desperately

[–] [email protected] -1 points 1 day ago* (last edited 1 day ago)

Youth unemployment in Toronto is near 15%.

Unless you mean we need something resembling slave labor with poor salaries, worker rights, and housing to increase corporate profits?

There was a labor shortage, as per the Phillips curve, but the Bank of Canada raised rates to cool the economy and to lower the money supply. The shortage is long gone.

[–] [email protected] 3 points 2 days ago (1 children)

1.5 million immigrants in a year isn’t a “little too far”. The UN called it modern slavery.

This is misleading and arguably just a lie. AFAICT, the UN did not infer anything from the amount of immigration, only from the conditions and treatment of the immigrants: https://news.un.org/en/story/2023/09/1140437 -- those two things may have some connection, but it is obviously mediated.

If you want to help the poor then reducing demand is the first step

According to what economic or social theory? Why isn't progressive taxation, redistribution, improved social welfare, stimulating industry, or improving education the first step?

Why do you assume that the problem is caused by the poor people seeking opportunity rather than caused by the landlords and corporate oligarchs extracting profit?

[–] [email protected] 0 points 2 days ago* (last edited 2 days ago)

Its very simple, you're importing people faster than you're building homes. What level of brain rot do you have to have to deny that is dramatically increasing demand, are you eating road kill like RFK?

Heck the CMHC and the bank of Canada have outlined it clearly, do you deny our own institutions as well?

[–] [email protected] 2 points 2 days ago (1 children)

Demand-side economics is not what we need; we need supply-side economics. The market isn't making enough houses on its own.

[–] [email protected] 0 points 2 days ago* (last edited 2 days ago) (1 children)

Why put the cart before the horse, increase housing FIRST.

I swear you people just hate the poor. The single mother needs to be sacrificed at the alter of GDP growth.

[–] [email protected] 1 points 2 days ago

I'm not sure I understand. Increasing housing is what I am arguing in favour of.