Roundup: Pre-budget non-advice

Because it’s pre-budget season, we’re starting to get some of the usual rounds of absolutely useless commentary on it once again, from some of the usual suspects. This week it’s Jean Charest and Bill Morneau, who insist the focus needs to be on “long-term” things like growth, and not “short-term” issues like inflation. But they offer no actual policy prescriptions—just vibes.

https://twitter.com/MikePMoffatt/status/1776584499075187102

My dudes. Getting inflation under control was one of the most important issues over the past year-and-a-half, because if not addressed in the short-term, it becomes a long-term problem that nobody wants. That meant slowing the economy just enough to let the steam out of it (the “excess demand”) without going into a recession, and lo, they managed to do just that. Yes, growth is sluggish right now because that was the whole gods damned point. Once inflation is tamed for real, and signs are that it’s getting there very soon, then they can focus on real growth once again, and with a focus on productivity because that’s how we’ll get more growth without fuelling inflation, but nobody wants to put too much heat back into the economy before inflation is tamed, or it’ll become persistent, and nobody wants that. You would think a former premier and finance minister might appreciate those facts.

Ukraine Dispatch:

Russia launched two dozen attack drones overnight, targeting Ukraine’s south and east, and 17 were destroyed. Two Russian strikes on Kharkiv killed eight early Saturday, while a Russian shell hit a house in the village of Guliaipole in Zaporizhzhia region on early Sunday, killing three civilians. A drone strike against the Zaporizhzhia nuclear plant has the international community worried about the potential for an accident once again. Ukraine’s energy systems have stabilised in spite of the many attacks on Kharkiv in recent weeks, but president Volodymyr Zelenskyy is warning that they are running low on air defence missiles, and he continues to call on the Americans to get their act together and pass the support package.

https://twitter.com/ukraine_world/status/1776965218146324857

Good reads:

  • Justin Trudeau was in Montreal to announce $2.4 billion in building computing capacity and infrastructure for the AI sector.
  • Chrystia Freeland is talking up Canada’s commitments to Ukraine as the American Congress still delays their aid package (because their system is dysfunctional).
  • The Trans Mountain Expansion is due to start commercial operations on May 1st, which has surprised analysts who expected further delays.
  • The Star has a lengthy profile of Chrystia Freeland as all eyes are on her in advance of the federal budget.
  • Here’s a look at how the Conservatives are trying to win working-class voters away from the NDP through simplistic messages around hope.
  • Jean Charest discusses his signature on an open letter calling for more civility in political discourse in Canada.
  • Kevin Carmichael cautions against using CPP funds to invest in Canadian industry as it could jeopardise retirement security that is crucial for so many.
  • Susan Delacourt looks at the ways Trudeau is showing an increasing impatience, perhaps because he prefers to the scrappy election fights to what’s happening now.
  • My weekend column looks at the state of open nominations in parties after the concerns that they are vulnerable to foreign interference operations.

Odds and Ends:

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One thought on “Roundup: Pre-budget non-advice

  1. Poilievre has no cogent policies so like all charlatans he resorts to “hope”
    PP will be chagrined when the polls shift back to the Libs. He can’t win an election on hating Trudeau.

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