rainbow

Saturday September 19, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday September 19, 2020

Bold plans of federal Liberals grounded by resurgent COVID-19

The high-flying trial balloons the federal Liberals launched just a month ago, after Prime Minister Justin Trudeau prorogued Parliament, have all but disappeared amid the ominous clouds of rising COVID-19 numbers across central and western Canada.

August 27, 2020

It bears noting that the bold and ambitious new agenda team Trudeau was foreshadowing just a few weeks back has been overshadowed by the renewed urgency in Ottawa and provinces to our west to deal with the resurgent health crisis and the prospects for additional economic misery that come with it.

Most folks will recall that soon after pulling Parliament’s plug on Aug. 18, Trudeau and his newly minted Finance Minister Chrystia Freeland were bullish, not only about a post-pandemic recovery, but about a green recovery. There were also musings from within the federal government about lasting changes to Canada’s employment insurance and income assistance safety nets.

But back then the curve was flat. In mid-August, Canada was posting about 350 new COVID-19 cases daily.

Beginning in late August and accelerating through September, the number of new cases identified daily has spiked back up to over 1,000 — levels not experienced in Canada since late May or early June. The majority of those are in Quebec and Ontario, although the West is also experiencing a resurgence.

October 20, 2018

The rise in case numbers and the fear that they portend a second wave of the virus, has tempered or delayed the government’s longer-term ambitions and refocused the Trudeau Liberals on immediate measures that are required to respond to the health emergency and its economic toll.

The government’s longterm vision of transformational change to a green economy and a more robust and enduring income support program has given way to the reality that Canada remains in the grip of the coronavirus.

It’s not beyond the realm of possibility that the trial balloons about a bold and ambitious new agenda were intended, not so much as a preview of the upcoming Throne Speech, as a distraction from the controversy that surrounded the government when Parliament was prorogued.

September 1, 2018

Prorogation meant that several parliamentary committees examining the controversy around an aborted billion-dollar federal contract to the WE charity went into hiatus. The prime minister and former finance minister Bill Morneau had close ties to the charity.

That controversy seems a long time ago now, although when Parliament resumes following Gov. Gen. Julie Payette’s reading of the speech Wednesday, those committees are likely to resurrect their inquiries. (Chronicle-Herald) 

 

Thursday March 26, 2020

March 26, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday March 26, 2020

Coronavirus: Trump hopes US will shake off pandemic by Easter

The president told a White House news briefing reopening the US early next month would be “a beautiful timeline”.

Coronavirus cartoons

Hours later, the Senate agreed a $2 trillion (£1.7tn) economic rescue plan with the White House.

The deal will be passed later on Wednesday by the Senate.

“At last, we have a deal,” Senate Majority Leader Mitch McConnell said, citing the massive “wartime level of investment into our nation”.

The package includes tax rebates, loans, money for hospitals and rescue packages for businesses.

The House of Representatives still needs to pass the legislation before it is sent to Mr Trump for his signature.

The US has recorded almost 55,000 cases and nearly 800 deaths from coronavirus.

Globally there have been more than 420,000 cases confirmed and approaching 19,000 deaths.

On Tuesday, he told Fox News he hoped the country could get back to normal by Easter, which is on the weekend of 12 April.

Mr Trump, a Republican, said: “We’re going to be opening relatively soon… I would love to have the country opened up and just raring to go by Easter.”

He added in a subsequent interview: “Easter is a very special day for me… and you’ll have packed churches all over our country.”

Mr Trump also warned that unless the country reopened for business it could suffer “a massive recession or depression”.

The president said: “You’re going to lose people. You’re going to have suicides by the thousands. You’re going to have all sorts of things happen. You’re going to have instability.”

Speaking at a White House briefing later, Mr Trump said he was beginning “to see the light at the end of the tunnel”, though he said “our decision will be based on hard facts and data”.

Dr Anthony Fauci, the nation’s leading expert on infectious diseases and a member of the White House’s coronavirus task force, told the same press briefing: “No-one is going to want to tone down anything when you see what is going on in a place like New York City.” (BBC) 

 

Saturday October 20, 2018

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday October 20, 2018

At least one robocall poll suggests a divisive LRT project has turned Hamilton’s mayoral election race into a statistical dead heat.

An automated telephone survey by Forum Research of 1,556 residents showed 39 per cent support pro-LRT incumbent Fred Eisenberger while 38 percent back anti-LRT challenger Vito Sgro. Other respondents either said they will choose another of the 15 mayoral candidates (12%) or were undecided (12%).

October 13, 2018

Respondents – a majority reached by landline – were similarly divided when asked how they felt about the contentious $1-billion light rail line, said Forum Research president Lorne Bozinoff. Half said they opposed the project, while 46% were supportive.

And when those residents were specifically informed about the positions of both candidates on LRT and asked to choose between them again, the support split at 43 percent each.

“It is so close, the numbers are almost identical,” said Bozinoff of the survey, which claims a margin of error of 2.48%, with total sample results considered accurate 19 times out of 20. “What it means – because municipal voter turnout is not great – is that it is important for both sides to get out their vote on Monday.”

August 14, 2018

Forum Research was not paid for the survey and plans to release the results publicly Friday, said Bozinoff. The firm periodically conducts polls and offers the results for free to drum up clients.

Bozinoff noted light rail transit was also an issue – but not the top priority – for voters polled in a paid Forum survey conducted for The Spectator during the 2014 election.

This time, fully a third of respondents called LRT the top issue that would influence their vote.

By contrast, 17 percent chose taxes, 15 percent chose infrastructure/roads and nine-percent chose public safety. “Often, the top issue is taxes,” Bozinoff said. “Clearly, people feel very strongly about this (LRT) issue.”

Interestingly, the majority of respondents who offered an opinion about LRT feel passionately about the project, one way or another. (Source: Hamilton Spectator) 

 

Friday February 26, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator - Friday February 26, 2016 OntarioÕs budget deficit for 2016 shrinks Ontario Finance Minister Charles Sousa announced Thursday that the provinceÕs budget deficit has shrunk more than expected and that the Liberals are on pace to return to a balanced budget by 2017-18, even as net debt is set to increase in that timeframe. Sousa said that the deficit is now down from the $7.5 billion projected at the end of last year to $5.7 billion, as stronger economic growth in Ontario boosted government revenues. The budget forecasts that OntarioÕs economy grew 2.5 per cent in 2015, a much stronger level than the 1.2 per cent forecast for the national economy. But net debt will go up as the government continues to borrow to fund projects, including a massive $160 billion infrastructure project over the next 12 years. Net debt is set to increase to $326.8 billion in 2018-19, from $296.1 billion in 2015-16, even as the Liberals are set to have a balanced budget by then. The projection that OntarioÕs debt will continue to rise and that debt-to-GDP will continue to hover near 40 per cent in the medium-term will not thrill debt rating agencies. Standard & PoorÕs downgraded the provinceÕs debt last year, while others such as MoodyÕs Investors Service have placed a negative outlook on provincial bonds. OntarioÕs deficit will also be helped by $1.1 billion gained from the sale of Hydro One, as well as growing cash injections from the federal government, which will hit $24.6-billion this year and rise to $26.6-billion by 2018. Sousa dismissed the idea of further debt downgrades, however, saying a declining debt-to-GDP ratio would be welcomed. ÒI believe credit agencies are going to look at this budget and realize that weÕre achieving what we said weÕre going to do,Ó he said during a news conference. The government has said it has a target of reducing net debt-to-GDP to its pre-recession level of 27 per cent, though it ge

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday February 26, 2016

Ontario’s budget deficit for 2016 shrinks

Ontario Finance Minister Charles Sousa announced Thursday that the province’s budget deficit has shrunk more than expected and that the Liberals are on pace to return to a balanced budget by 2017-18, even as net debt is set to increase in that timeframe.

Sousa said that the deficit is now down from the $7.5 billion projected at the end of last year to $5.7 billion, as stronger economic growth in Ontario boosted government revenues. The budget forecasts that Ontario’s economy grew 2.5 per cent in 2015, a much stronger level than the 1.2 per cent forecast for the national economy.

But net debt will go up as the government continues to borrow to fund projects, including a massive $160 billion infrastructure project over the next 12 years. Net debt is set to increase to $326.8 billion in 2018-19, from $296.1 billion in 2015-16, even as the Liberals are set to have a balanced budget by then.

The projection that Ontario’s debt will continue to rise and that debt-to-GDP will continue to hover near 40 per cent in the medium-term will not thrill debt rating agencies. Standard & Poor’s downgraded the province’s debt last year, while others such as Moody’s Investors Service have placed a negative outlook on provincial bonds.

Ontario’s deficit will also be helped by $1.1 billion gained from the sale of Hydro One, as well as growing cash injections from the federal government, which will hit $24.6-billion this year and rise to $26.6-billion by 2018.

Sousa dismissed the idea of further debt downgrades, however, saying a declining debt-to-GDP ratio would be welcomed.

“I believe credit agencies are going to look at this budget and realize that we’re achieving what we said we’re going to do,” he said during a news conference.

The government has said it has a target of reducing net debt-to-GDP to its pre-recession level of 27 per cent, though it gets no where close to that level in its projected forecast, with net debt-to-GDP hitting 38.5 in 2018-2019. The ratio is expected to peak at 39.6 per cent in 2015-16, remain level in 2016-17 and only begin to decline in 2017-18.

The government is projecting that total revenue in 2015-16 will be $2.2 billion higher than the 2015 budget had factored in, due to “higher asset optimization” and more tax revenue as a result of a stronger Ontario economy. (Source: Financial Post)