Most Based Comments
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This dude is greeaaaasey in the words of bubbles.All joking aside I don't understand the lefts infatuation with this guy. They are acting like the messiah has returned. (15)
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Yall realize parliament has to vote to install emergency powers, right? He cant just wave his peepee and make it happen. Same with removing them. Theyre voted in/out. And this quote was in response to building infrastructure / pipelines. At least give some context. (22)
Fair point. He's the wrong guy to be musing about this stuff though. (-1)
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he was head of the BoC and BoE. He understands money clearly. Real estate is decoupled from the local economy due to money laundering and a population with no sense of self preservation. Can't really tag that on Carney. (11)
Angriest Comments
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so you're suggesting that the man should have told everyone to get fricked and die in the street after 2008 for optics in 2025? Carney fulfilled his directive at the bank. It's not right to me to hold that against him or try to make it seem like low interest rates were his idea when it was really a cultural expectation of a bunch of slobs who want their children to pay for their comfort. (2)
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Yeah no one is really sure about the fixed election date law and if they could just cruise past it without an issue. They definitely can't get past the 5 year law. That's in the constitution.I don't know what if any "emergency" powers would allow the government to circumvent parliament's ability to approve spending either. The government doesn't have enough money to operate indefinitely without parliament resuming and all the parties, the NDP now included, have made it clear they intend to bring down the government at the earliest opportunity. (2)
Biggest Lolcow: /u/TaxCurious121
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I'm not addicted to gambling, I just want my money back
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he understands money and could probably run a popsicle stand, so I do understand the appeal. But the liberals are sneaky that's for sure. I'm a swing voter.:
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Fair point. He's the wrong guy to be musing about this stuff though.:
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He started the push down on interest rates in 2008-2009. It made debt cheap and drove up prices. If anything all he had to do was hold rates.:
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No he should have let the market correct itself. People who way over leveraged them selves should have lost the assets. There is a reason why our markets are all so messed up across western nations and its because instead of allowing natural corrections to happen we flood the markets with cheap debt and money printing. The only slobs are the ones who over spent and over extended themselves that should have lost those assets. Instead the next generations pay for their bailouts through inflation. Fear of hardship today only continues to multiply the damage future generations will have to deal with.:
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I'm hardly a conspiracist. But this is a warning to be heeded coming from a guy who wrote a really gross op-ed endorsing police state tactics during the Trucker Convoy.The use of the Emergencies Act, you will remember, was considered unreasonable by a judicial review.Mark Carney's incredibly shabby democratic credentials are on full display here. Don't expect anything pretty to come of this declaration.:
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I think it might be possible to say that an International Emergency might give them the authority to appropriate funds (see Section 30) but that would set up a constitutional crisis. Parliament could also revoke the emergency.:
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