Tongues were set wagging late Sunday night as word came down that the government was planning to appoint Michael Sabia, currently the head of the Canada Infrastructure Bank, to be the new Deputy Minister of Finance. There had been a bit of concern over the last week when it was reported that Freeland was interviewing five candidates to replace her deputy, who had announced his resignation the day after the fiscal update, given that it’s unusual for this to happen in our system. But deputy ministers are Governor-in-Council appointees, so while it’s unusual for ministers to choose their own deputies rather than the Clerk of the Privy Council recommending one to the prime minister, capacity for such decisions do exist. One does wonder, however, what signal this sends to the Infrastructure Bank, given that they just put Sabia in charge a couple of months ago, and now they’re moving him again.
This having been said, it was not unexpected that the outgoing deputy would not last there too much longer, because he too was of the generation in the public service for whom it is 1995 and will always be 1995 – and already the pundit class for whom this is the unifying theory are already chirping about his departure. Why this may turn out to be important is because we are going to have to start thinking out federal finances in a different way as the pandemic moves into recovery mode. Why? Because the old obsessions around debt and deficit (which is the mindset of the 1995 crowd) may lead to more damage than good, and we could see ourselves in a Japan-like situation if we’re not careful. And while yes, there are “guardrails” and planned “anchors” once we’re fully into the recovery stage, it may be time for a fresh mindset in the senior ranks – though given how much attention they put on Sabia when they brought him into the Infrastructure Bank, moving him to Finance right away seems mighty cozy, and this will no doubt launch another round of the current witch hunt going on in committees.
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The debt scolds hold a prominent place in our media punditry, especially at the Globe and Mail.
— David G (@accfanto) December 5, 2020
Good reads:
- One of Pfizer’s top executives says that Canada could be getting vaccines within 24 hours of Health Canada approval, possibly by the end of this week.
- Major-General Dany Fortin says they are expecting a constant flow of vaccines into the country by January once approvals are completed.
- A (small) rise in cases in PEI has the province moving to a “circuit-breaker” lockdown before the cases start rising – like other provinces should have done.
- An internal review at Global Affairs found no standard process for vetting honorary consuls, and they have since developed a new code of conduct.
- Speaker Rota reflects on his first year in the big chair, at a time of pandemic, “virtual” and hybrid sittings.
- Susan Delacourt details how the Liberals are preparing for a possible election in the spring, even though they don’t necessarily want one.
- Chantal Hébert evaluates Erin O’Toole’s first 100 days as leader, and finds it wanting, not only for the lies, but also the evasion on his own plans.
Odds and ends:
Combining the latest employment figures with COVID case counts is revealing. #cdnecon pic.twitter.com/HQwzZRRpkV
— Trevor Tombe (@trevortombe) December 4, 2020
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