Tag Archives: Bill Morneau

Roundup: Pre-budget non-advice

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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

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Roundup: Morneau’s sore hindsight bias

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As he tries to rehabilitate his reputation after his book was largely ridiculed and lambasted, Bill Morneau is back out there asserting that the pandemic spending programmes were too generous, went on too long, and are one of the causes for high inflation. This is clearly hindsight bias—economist Stephen Gordon resurrected a couple of tweets to push back against these kinds of assertions because they ignore the gravity of the situation at the time, and just how many unknowns they were dealing with at the time. And I do recall that Morneau was proposing measures at the time that were clearly inadequate and were politically unsaleable, which he didn’t seem to understand and then got huffy when PMO override his judgment—likely for the best, because we wound up with the actual desirable outcome. Higher inflation was the good outcome scenario. The alternative was deflation that would have spiralled into a depression, which was what everyone worked to avoid. Morneau just continues to be sore that he was overridden, and possibly that people aren’t taking his post-political attempts at reputation rehabilitation more seriously.

https://twitter.com/dgardner/status/1692258336815624347

Some additional data from Jennifer Robson:

Ukraine Dispatch:

Ukrainian forces are claiming progress on the south-eastern front as they push toward the Sea of Azov, which would split Russia’s forces in the occupied south; there has been fierce fighting in the north-eastern front in the Kharkiv region. The defence ministry is telling military-aged citizens to update their data at enlistment offices and to “overcome their fear.” The US has approved sending F-16s from Denmark and the Netherlands to Ukraine, once their pilots are fully trained—probably early in 2024. Meanwhile, Russia claims that two of their warships repelled drone attacks near occupied Crimea, and that a drone attack damaged a building at the centre of Moscow.

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Roundup: Ad hoc panel assembled to review documents NSICOP should have handled

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After months and months of delay, the government has finally unveiled the ad hoc panel that will examine the Winnipeg Lab documents, and that panel will comprise of four MPs and three former judges—two former Supreme Court of Canada justices, and one from the Federal Court of Appeal. Allegedly it took so long to set up because they needed to convince the judges, and then it took forever to get the Bloc and finally the Conservatives on board.

Of course, this whole exercise is completely unnecessary because this should have all been done by NSICOP. This is exactly the kind of thing that it was created for, but the Conservatives have been bad actors about this entire affair (and Michael Chong being among the worst of said bad actors), turning this whole thing into a needlessly drawn-out affair that has involved the government suing the House of Commons over a production order, and years of absolutely unhinged conspiracy theories as to what happened (again, with Chong being among the worst offenders).

I can pretty much guarantee you that this committee is going to find nothing to write home about. There has been plenty of reporting as to what happened. It wasn’t Chinese espionage. It was almost certainly a policy breach related to intellectual property, but this being a highly secured facility, you can imagine that has complicated matters. In any case, this whole thing is going to wind up being one giant waste of everyone’s time and resources because they decided to make a dog and pony show out of it for the sake of trying to embarrass the government rather than being responsible and just letting NSICOP read the unredacted documents that were provided to them in the first place.

Ukraine Dispatch:

There have been more early-morning missiles fired at Kyiv, and falling debris has set fire to one non-residential building, while at least one person was killed in a missile strike on Odessa. While Ukrainian forces continue to make gains around Bakhmut, the Russians are still sending people into the fighting, and there doesn’t appear to be any ammunition shortage, in spite of those Wagner Group videos.

https://twitter.com/ukraine_world/status/1658751950165356544

https://twitter.com/ukraine_world/status/1658800755946528774

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Roundup: The bullshit narrative around the just transition “memo”

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Because Alberta politics is plumbing the depths of utter stupidity, there has been a multi-day freak out over the federal government’s supposed “just transition” plan (and yes, the federal ministers say they don’t like the term and prefer “sustainable jobs,” but the term is internationally recognised from the Paris Agreement and from similar American initiatives). Earlier in the week, there were a couple of credulous columns about a supposed “leak” of a federal memo talking about 2.7 million energy jobs being imperilled, or due to be transitioned, or some such nonsense.

And it was a completely bullshit story—there was no leak. There was no memo. There were selective quotes taken out of context and then torqued some more that came from a publicly available briefing package prepared for the minister of natural resources prior to a committee hearing back in June. And it doesn’t say 2.7 million jobs will be “transitioned”—it says that’s the size of the energy sector, and that there could be “significant labour market disruptions” given the transition of the industry due to global forces.

And while Danielle Smith was caught out on this lie, it not only hasn’t stopped her from having a public meltdown about it, but Rachel Notley decided to get in on the action, because it’s pre-election season, so that means out-bidding, and trying to distance herself from Trudeau—never mind that her own climate plan when she was in government included “just transition” language for coal workers. It’s all so bloody stupid, and we’re all dumber for watching it play out. I’m going to especially call out Power & Politics for adopting Smith’s mendacious framing of this supposed memo, and for both-sidesing it on their website rather than fact-checking Smith’s claims against the actual bloody document. This shouldn’t be that hard. Stop giving these lying liars the credibility they’re looking for. Call them out for what they are.

Ukraine Dispatch, Day 329:

The search for survivors has been called off at the site of the bombed apartment building in Dnipro, with the death toll sitting at 45 including six children. Meanwhile, Germany looks willing to approve the transfer of Leopard 2 tanks from allied countries to Ukraine in the next few days (and a few may come from Canada if that’s the case). Ukrainian officials are also saying they are still fighting in Soledar, and that it has not completely fallen to the Russians or their mercenaries.

https://twitter.com/zelenskyyua/status/1615314617374212097

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Roundup: Morneau has a few legitimate gripes

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There is a lot of media attention around Bill Morneau’s upcoming book, and he’s started to do the interview circuits, and lo, he did one with CTV at the end of last week that aired over the weekend. In what he describes around his time in office, some of it has to do with some of the frustrations he felt, and I will say that some of them are very legitimate. Things like how he could never have a private meeting with Justin Trudeau, and that there was always someone from his staff there—that’s very legitimate! And it’s something that I’ve heard from a lot of different sources, including the fact that this extends to the caucus room, where it’s supposed to just be MPs in attendance, and was under previous leaders. (There would also have been senators under previous leaders, but that’s a topic for another day).

But some of what Morneau describes also points out that after several years on the job, he’s still something of a political naïf who hasn’t quite grasped that Parliament Hill is not Bay Street (and that is a big reason why he got caught up in an ethics breach over the WE Charity issue). What may be the best policy in his opinion may not be politically saleable, and I don’t think he has ever really grasped that notion. I think some of his thoughts on the pandemic benefits packages are a little too clouded in hindsight bias, and the fact that he was overridden on the wage subsidy had a lot to do with the original proposal was not being seen to be up to the task at hand. I saw in another excerpt from the book that he complained that some ministers were being placated with amounts of money that he didn’t like, but I am curious what some of that programme spending was. In any case, I don’t think this will make too big of a wave, or that there is anything too explosive in all of the write-ups I’ve seen, and it’s likely to make too much of a splash, beyond him trying to rehabilitate his reputation before he goes back to Bay Street in a more visible way.

Ukraine Dispatch, Day 320:

The “ceasefire” is passed, and Russian forces have been shelling in the Donbas region, as well as Zaporizhzhia. During the Orthodox Christmas celebrations in Ukraine, president Volodymyr Zelenskyy praised the incoming new package of military aid from the US. There was a prisoner swap on Sunday where both sides released 50 prisoners.

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Roundup: Those December job numbers

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The big, and well, only real news yesterday in Canada were the release of the job numbers from Statistics Canada, and they blew past expectations. Far beyond them. Analysts forecast somewhere between five and eight thousand new jobs in December, and instead there were 104,000, the vast majority of them full-time, and almost all in the private sector. The unemployment rate edged down further to five percent, which is just barely off of the record low of 4.9% we saw over the summer. This shows that the labour market is still incredibly tight, and the Bank of Canada’s estimation that this level is unsustainable and a sign there is still too much demand in the economy that it’s driving inflation, and it requires some rebalancing to ensure that those job numbers are more sustainable. There have been a lot of fairly torqued readings of Tiff Macklem’s comments, that unemployment needs to be higher to slow inflation, but I’m not sure that captures enough nuance in what he’s trying to say.

The point in the report about record high employment levels for core-aged women, particularly those with small children, is particularly important because of this government’s focus on child care deals with provinces. This is one of the points of it—getting more women into the workforce, and the programme pays for itself with all of the additional revenue generated by those women in the workforce. It may be too soon to draw the straight line between the child care deals and those women going back to work, because in most provinces, the fees have only just started falling, but it does point to why early learning and child care is important, because the tight labour market needs those core-aged women right now.

And then there is all of the talk of the “looming recession.” It still may not happen, and there could be a “soft landing” of slower growth while the labour market rebalances itself, but not negative growth or a significant increase in unemployment. And if there is a recession, it’s not likely to be one with too many job losses because of the tight labour market, and that could reduce some of the pressure, again, while the economy starts to rebalance itself to a more sustainable place. We’re not in the same place we were in previous economic downturns, so things could be very different this time around.

Ukraine Dispatch, Day 318:

In spite of Russia saying they were going to enact a thirty-six hour ceasefire for Orthodox Christmas, they nevertheless carried on shelling parts of Ukraine, because that’s who they are. They then said Ukraine was shelling them, but Ukraine didn’t agree to the ceasefire, so…

https://twitter.com/Podolyak_M/status/1611345077871284227

https://twitter.com/KyivIndependent/status/1611339196391882752

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Roundup: Bill Morneau has learned no lessons

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We’re now around day ninety-nine of Russia’s invasion of Ukraine, and…there wasn’t a lot of news I could find, other than the fact that Russia continues to pound cities in the Donbas region. Germany says they will send more advanced radar and anti-aircraft systems to Ukraine, but we’ll see how timely their deliveries really are.

Closer to home, Bill Morneau delivered a speech where he says he’s worried about the economic progress of this country because he says he doesn’t see enough focus on growth (never mind that it’s the dominant focus of the last two budgets). But then he went on about how he wants some kind of “permanent commission” to focus on said economic growth, and I just cannot even. It’s called Parliament. David Reevely lays this out in the thread below, but I will add that Morneau really was never any good at being in government. He kept trying to play things like he was still in the corporate world, where it was about who you knew, and it was paired with the mindset of this government where if you mean well, then the ends justify the means, so rules got broken an awful lot. That’s why Morneau was eventually forced to resign over his role in the CatastrophWE. And he demonstrates with this speech that he has learned precisely zero lessons.

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Roundup: Trudeau cleared, Morneau not

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The Conflict of Interest and Ethics Commissioner released his reports on Justin Trudeau and Bill Morneau’s involvement in the WE Imbroglio yesterday, and came to two different results – the prime minister was cleared, but Morneau was found to have breached three sections of the Act, because he was not only personal friends with the Kielburgers (which Trudeau was not), but Morneau gave them a lot of access to his department as a result of that friendship, and offered them very preferential treatment.

On the one hand, this defused a few of the prepared talking points, but it didn’t disarm all of them. The Conservatives insist that even if he wasn’t found to have broken the rules, the system is still “broken” and needs to be made even tougher, which they are going to regret when every interaction becomes a minefield and their own members start getting caught up in impossible situations should they form government, and it misses the mark of what the current problems are. The NDP, predictably, say that this proves the Liberals only care about their “rich friends,” which I’m not sure the Kielburgers really qualify as for obvious reasons.

Of course, as I have written before, the problem is not that the rules are too lax, but rather that the Liberals in their current incarnation have a culture that believes that so long as they mean well, that the ends will justify the means. No amount of tinkering or toughening up the rules can change that because it’s a cultural problem. It also doesn’t help that the definition of “corruption” has become so broad in the Canadian discourse that penny ante bullshit is treated as a capital crime, though very curiously, grift that is out in the open in places like Queen’s Park or the Alberta Legislature are not treated with the same kinds of howling denunciations that the WE Imbroglio has been. I also have to wonder what these same howlers would do if they saw the actual corruption that takes place in other countries, because it’s on a whole other level than anything that has happened here. And on a final note, this report does not mean that WE Charity was “destroyed” for nothing. The charity hasn’t been “destroyed,” and its dubious activities were brought to light by good reporting, not Charlie Angus’ antics at committee, and that’s a good thing. This incident helped to shine that spotlight. Let’s not confuse Trudeau’s exoneration with anything else that has happened to WE in the interim.

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QP: Freeland vows to protect free expression

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The Commons was a little emptier than the new normal of late, but as our rock of stability, Mark Gerretsen was again the only Liberal on the Chamber. Again. Candice Bergen led off in person, with a script in front of her, and she complained that Americans were getting together and attending packed sports stadiums while most Canadians were still “locked down,” and blamed the federal government’s inability to procure vaccines out of thin air. Chrystia Freeland reminded her that over twenty million doses have already arrived, and more were on the way. Bergen then read a bunch of blatant falsehoods about Bill C-10, for which Freeland assured her that as a former journalist, she understands the importance of freedom of expression and they would never endanger it, which this bill does not do. Bergen then raised Guilbeault’s blunder about “Net Neutrality,” and accused the government of trying to control speech, and Freeland repeated her response. Gérard Deltell carried on raising Guilbeault’s many blunders, and Freeland reassured him that everyone was against censorship, but they were concerned with the cultural sector. Deltell raised that Guilbeault keeps needing to correct himself, and Freeland repeated that as a former journalist, she would never limit freedom of expression, which the bill does not do.

Yves-François Blanchet rose for the Bloc, and he crowed about the Quebec government tabling a bill on protecting French, and Freeland read that the federal government recognises that the situation of French in Quebec is unique, and that they would study the bill in depth. Blanchet was disappointed that Freeland was insufficiently thrilled with the bill, and demanded a promise that the federal government would not challenge that bill in court. Freeland would not give him such an assurance.

Jagmeet Singh raised the blood deferral for men who have sex with men, and demanded to know why the prime minister would promise to overturn the ban and then not do it. Freeland assured him they support overturning the deferral, but they respect the authority of independent decision-makers and science. Singh complained in French that this didn’t make sense, but Freeland repeated her answer.

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Roundup: Ghoulish misdirection

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I continue to fume about yesterday’s ghoulish questions in Question Period, where the federal government is being blamed for the deaths in long-term care facilities because the vaccine rollout hasn’t been as expeditious as many had hoped, which is not only gross, but it’s about trying to provide cover for the (mostly conservative) premiers who have failed to do their jobs. Vaccines were never supposed to be the way we stop those deaths – actual public health measures like testing, tracing, and isolation were supposed to do the job, but the fact that premiers continued to under-fund these and didn’t invest in expanding capacity even when given billions of federal dollars to do so, were the actual solutions to preventing those deaths. But instead, these premiers and their ideological inability to grasp that in a pandemic, you need to pay people to stay home and cushion the economic shock, absolutely refused to do that and kept insisting that they re-open their economies with “a little bit of COVID” going around. Of course, that “little bit of COVID” turns into a whole lot of COVID because of exponential growth, and new variants mean even greater transmission. But the cover being given to these premiers is obscene.

https://twitter.com/robert_hiltz/status/1354227667713855490

And lo, we have a report that shows that provinces continue to sit on federal pandemic funds, with Ontario clocking in at $6.4 billion unspent, as they struggle to re-open schools (recall that they cut corners from the expert recommendations and then had outbreaks) and have unchecked spread of the virus in yet more long-term care facilities, which now appears to be the so-called UK variant. So what is Doug Ford doing about it? Howling that he wants the federal government to institute even more border measures including testing people when they arrive (they are already tested before they get on the planes), and trying to pretend that Pfizer is simply lying to us about not shipping us more vaccines. And guess what? Reporters are focusing on the vaccines and hounding Justin Trudeau about it rather than demanding accountability from Ford for all of the deaths in long-term care that are because of his inaction.

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