Hindenburg

Thursday October 26, 2017

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday October 26, 2017

Economic statement was where Morneau wanted it: on the middle class

April may be the cruellest month to a poet, but October has been anything but kind to the Liberal government — particularly Finance Minister Bill Morneau.

October 19, 2017

Whether it was allegations of conflict of interest over his continued multimillion-dollar stake in the family business, or his heavily panned efforts at small business tax reform, the Liberals suddenly found themselves fending off suggestions that they weren’t at all the party of the middle class.

That’s where Tuesday’s fall economic update fits in. Announcing that the Canada Child Benefit will be indexed to inflation next July — a full two years ahead of schedule — and the decision to increase the Working Income Tax Benefit are the proverbial shiny objects intended to get Canadians to focus on some good news.

“This is about having trust in Canadians,” Morneau told reporters following the release of the 74-page document called Progress for the Middle Class. “Investing in Canadians was the right thing to do.”

Just in case you missed all the good news, let’s sum it up here.

October 11, 2017

Economic growth: up! Employment: up! Wages: up! Revenues: up!

At any other time, these strong economic indicators would be the most prominent feature in news coverage.

But this last period hasn’t been just business as usual for the Liberals. The focus has been on how Morneau handled his personal finances, not on his handling of the country’s finances.

At the Liberal cabinet retreat last month, Prime Minister Justin Trudeau told reporters that the Liberals didn’t get elected two years ago by going door to door promising to improve Canada’s macroeconomic indicators. It was a good line, and elicited chuckles from his assembled cabinet ministers.

Morneau, as is his practice, refers to all these things as “investing” in Canadians. Investments that will have a positive impact even if, for example, the current round of NAFTA talks fails. Even though consumer spending has already led to historically high levels of household debt. (Source: CBC News) 

 

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Wednesday September 9, 2015

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Wednesday September 9, 2015 Canada Election Shifts Gears After Trying Summer for Harper After a month of campaigning, the three-way race for CanadaÕs Oct. 19 election has narrowed as warning signs emerge for Prime Minister Stephen Harper in his bid for a fourth consecutive term. The incumbent Conservative has endured an explosive court case, talk of a recession and a refugee crisis that have eroded his traditional core platform planks: accountability and economic stewardship. Tom Mulcair of the leftist New Democratic Party and Justin Trudeau of the centrist Liberals, meanwhile, are each working to position themselves as the best alternative to Harper. Polls have shown the three parties essentially tied -- though one, published Monday night by Nanos Research, suggests Harper has sunk to third place. The deadlock may break as Canada emerges from an end-of-summer long weekend, with students returning to classrooms and workers settling back into routine. ÒThe campaign to date has been largely a phone campaign producing little attention,Ó said Frank Graves of Ekos Research. ÒAll of this will change post-Labour Day as the real war for votes begins in earnest.Ó An Ekos poll published Friday showed MulcairÕs New Democrats in the lead with 30.2 percent support, HarperÕs Conservatives at 29.5 percent and TrudeauÕs Liberals close behind at 27.7 percent. MondayÕs Nanos survey, conducted for CTV and The Globe and Mail, found the NDP ahead with 32.7 percent, followed by the Liberals at 30.8 percent and Harper at 26.2 percent. The electionÕs first month included two weeks of testimony in the criminal trial of former Conservative senator Mike Duffy that exposed the inner workings of HarperÕs office and a plan to cover up disputed expenses. While explosive, that testimony has largely been forgotten now, Graves said. (Source: Bloomberg) http://www.bloomberg.com/news/articles/2015-09-08/canada-s-election-shifts-ge

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator – Wednesday September 9, 2015

Canada Election Shifts Gears After Trying Summer for Harper

After a month of campaigning, the three-way race for Canada’s Oct. 19 election has narrowed as warning signs emerge for Prime Minister Stephen Harper in his bid for a fourth consecutive term.

The incumbent Conservative has endured an explosive court case, talk of a recession and a refugee crisis that have eroded his traditional core platform planks: accountability and economic stewardship. Tom Mulcair of the leftist New Democratic Party and Justin Trudeau of the centrist Liberals, meanwhile, are each working to position themselves as the best alternative to Harper.

Polls have shown the three parties essentially tied — though one, published Monday night by Nanos Research, suggests Harper has sunk to third place. The deadlock may break as Canada emerges from an end-of-summer long weekend, with students returning to classrooms and workers settling back into routine.

“The campaign to date has been largely a phone campaign producing little attention,” said Frank Graves of Ekos Research. “All of this will change post-Labour Day as the real war for votes begins in earnest.”

An Ekos poll published Friday showed Mulcair’s New Democrats in the lead with 30.2 percent support, Harper’s Conservatives at 29.5 percent and Trudeau’s Liberals close behind at 27.7 percent. Monday’s Nanos survey, conducted for CTV and The Globe and Mail, found the NDP ahead with 32.7 percent, followed by the Liberals at 30.8 percent and Harper at 26.2 percent.

The election’s first month included two weeks of testimony in the criminal trial of former Conservative senator Mike Duffy that exposed the inner workings of Harper’s office and a plan to cover up disputed expenses. While explosive, that testimony has largely been forgotten now, Graves said. (Source: Bloomberg)