Slouching Towards June 2

 

It would seem that Doug Ford guessed right: you really can buy people's votes with their own money. 

As the provincial election campaign continues, the Ontario Progressive Conservatives continue to sustain their lead, with a seemingly good chance at a majority government, as we get closer to June 2.

According to a poll from Research Co., conducted online with 700 Ontario adults from May 15 to May 17, 34 per cent of decided voters indicated they support the Ontario PC, 29 per cent support the Liberal, 23 per cent for NDP and seven per cent support the Green Party.

Oh well. I guess the man who, when he was a Toronto city councillor, advocated for a giant Ferris wheel and a monorail on the waterfront knows his alleged P.T. Barnum truisms.

He Speaks - But Will The Truth Set Him Free?

In the following, George Bush offers an opinion that reveals more than he perhaps intended. Was it just one of his usual gaffes, his advancing years, or a subconsciously motivated expression of atonement?

This Is One Part Of The Problem

The other, of course, is the love of the gun that indelibly stains America and which few are talking about in the aftermath of the Buffalo massacre.

H/t Theo Moudakis

Puppets On A String

 

I have to admit to being somewhat puzzled as to how the recent increases in interest rates will combat inflation, given that it is mostly caused by external factors over which we have little control. While some have suggested it will bring a much-needed cooling to a housing market that has soared nationwide to absurd heights, it is only Heather Scoffield who has put it into a different, some would say sinister, context.

She starts off by observing that Joe Biden seems to be directing his attention toward profiteers in the corporate sector.

He issued an executive order, set up a high-profile antitrust unit, told it to crack down on profiteering, and pinpointed exactly where he wanted to see action.

Airlines, telecommunications, prescription drugs, the web giants — the executive order called them out.

Such boldness and focus are absent in Canada.

Here, the focus is on making sure workers hit by higher consumer prices don’t push for higher wages. The fear is they’ll set off a wage-price spiral that would launch already-high inflation into the stratosphere.

Wages have been creeping up at a much slower pace than inflation. In February, average hourly earnings rose 2.7 per cent from a year earlier, while consumer prices rose 5.7 per cent. Of course, the numbers bounce around month to month, and wages are picking up a bit of steam. But they’re not on fire like the prices workers face when they go to buy their groceries or fill their cars with gas.

Just to make sure wages don’t surge, the federal government is easing the way for a huge influx of temporary foreign workers in low-wage industries. 

While the Bank of Canada is putting its foot on the necks of workers, corporations seem to be enjoying a free and fast rise to record profits.

Net income for corporations across all industries was up 5.9 per cent in the fourth quarter of 2021 compared to the three months earlier. On an annual basis, non-financial industries were seeing profits 52.2 per cent higher, while financial industries were up 14.2 per cent on the year.

And while the government has made mewling mention of improper corporate behaviour, our country

has fallen far behind its global counterparts in cracking down on anti-competitive behaviour.

And I have yet to see any sweat forming on the collective brow of Corporate Canada, no doubt reassured that it is pulling the strings on a federal government it knows identifies with and fears it far more than it does the working person.

Perhaps Allan Baker of Scarborough, writing in The Star's Sunday print edition, sums it up best and demonstrates that corporate fealty is not limited to the feds:

Politicians help corporations as people go hungry

• Toronto Star
• 15 May 2022

Lagging wages just how Ottawa wants it, May 6

Heather Scoffield writes that, in contrast to Washington, where President Joe Biden has taken “a big swing at corporations,” in Ottawa “the focus is on making sure workers don’t push for higher wages.”

To ensure that wage rates for Canada’s lowest-paid workers remain at a minimum, “the federal government is easing the way for a huge influx of temporary foreign workers in low wage industries.”

This is a deliberate attempt to keep corporations highly profitable at the expense of hard working people.

Our friends and neighbours, who are working in low-wage industries, are already suffering from higher housing costs, increased food prices and gouging at the gas pumps.

 Scoffield also reports on the increases in corporate profits over the past year: “Non-financial industries were seeing profit 52.2 per cent higher.” At Loblaws, Canada’s largest grocery chain, profits were up nearly 40 per cent over 2021, which was also a profit-making year for the company. Loblaws eliminated a temporary increase in pay for front-line workers long before the pandemic ended.

In Ontario, Doug Ford has refused to change Bill 124, which limits wage increases for nurses and other government employees to one per cent.

Ontario politicians need to demonstrate to voters how they will reduce income inequality, and, I hope, eliminate the need for food banks.

 

 

 

Paltry Offerings - Part 4

For those in Ontario who care about the environment, this editorial cartoon from Graeme MacKay requires no explanation, but serves as yet another apt warning of the perils entailed in giving Doug Ford another majority on June 2.

About That Conservative Leadership Campaign

It would seem that the leading contender for the helm of the federal Conservatives, Pierre Poilievre, brings neither credit nor credibility to his party.

H/t de Adder

Bruce Arthur writes about the divisive tactics of this strange man, tactics that seem in many ways reminiscent of the nonsense that goes on in the U.S., where Joe Biden is blamed for inflation, ignoring the fact that it is a worldwide problem caused by a variety of external factors.

The Bank of Canada is a target thanks to the rise of inflation, which is largely due to the war in Ukraine and oil prices, house prices, China and COVID, and maybe some profiteering. People notice pocketbook economics.

In response to this thorny global financial challenge, Poilievre blames domestic spending and Bank bond-buying to support government deficit spending — he has always been against the pandemic financial supports to Canadians — and pitches … Bitcoin?

That would be the same Bitcoin that is down 50 per cent since November.   

His attacks on the Bank of Canada are similarly reckless. He wants the Bank to focus on keeping inflation as low as possible, while knowingly pushing lines of attack that could undermine its ability to do so. Expectations of inflation affect wage expectations, which affect prices, and if the market doesn’t think the Bank of Canada is serious about bringing down inflation, inflation doesn’t slow.

Maybe Poilievre truly doesn’t understand that. More likely, he just doesn’t care.

And his seemingly nonsensical advocacy for crytocurrencies has a sinister implication.

 Jessica Marin Davis is the president of Insight Threat Intelligence, a former senior strategist in Canadian intelligence, and the author of a book on international terrorist financing. She points out that of the money sent to the Ottawa convoy, the vast majority of the million or so via crowdfunding sites was frozen, leaving approximately $30,000. But over $830,000 came in via cryptocurrency.

Davis says, “it's super useful for money laundering, and it's super useful for other forms of illicit financing, and it's somewhat useful for terrorist financing. And I would say it's somewhat useful for other forms, like financing criminal mischief, as we saw in the convoy.”

Really, the simplest throughline to Poilievre’s bit is that if your goal is to hammer freedom to an audience that found wearing masks was an imposition, that vaccines were a conspiracy rather than a collective victory, and that are angry or confused by what’s happening with the world, then Bitcoin is just another aspirational buzzword that signifies the world doesn’t have to work the way you’re told it does. Poilievre has been pumping conspiratorial theories about gatekeepers for much of the pandemic; He’s still doing it. He’ll say just about anything, and that opens the door to all kinds of conspiracies, all kinds of anger, all kinds of extremism. 

Such is the sad state of politics today, powered by people who gleefully exploit and exacerbate societal divisions to feed their own power-seeking venality.

Definitely not the Canada I grew up in, and not the Canada I want to exist after I am gone.

 P.S. For a primer on the real nature and risks of crytocurrencies, click here.

 

Some People Never Learn