COMMENTARY · 27th April 2011
During the televised English leadership debate Gilles Duceppe, leader of the Quebec Bloc Party, bluntly told Jack Layton, leader of the NDP; “Let’s face it, neither of us are going to be Prime Minister.” It may just turn out to be fateful words as Layton is now surging ahead and the latest poll results show him closing in on Steven Harper’s Conservative/Reform coalition Party. Every new poll released except Nano’s, a Global CTV funded poll, shows the Conservatives falling with the Liberals and demonstrate the NDP at over 30% just a few points behind the Conservatives. The trend also demonstrates, at the current rate of the NDP climb and associated Conservative drop, the NDP will be tracking above the Conservatives, heading to an NDP government, if not even a majority NDP government by this Friday, April 29.
Simon Fraser University has a fabulous research forum, which compiles and tracks all the various polls and provides links and data for everyone to access. Check it out HERE
Without including the Mainstream Media supported polling numbers used by Global and CTV the falling of the Conservative numbers are only slightly less dramatic than the rising NDP numbers. Excluding Nanos research, as they have consistently been wide of the other polling firms, the NDP will surpass the Conservatives this weekend and be 5 percentage points above the Conservatives on Election Day. The Liberals will continue to fall at least another 5 % points and more likely 10 if the current trends continue. This 10 point drop of the Liberals and the 5 point drop of the conservatives make up the suggested 15 point spike for the NDP.
What makes this even more reasonable and likely is 25% of Canadians are reporting the NDP as their second choice Party. Asked if they decided not to vote for their first choice Canadians rated as second choice; the Greens 13%, Liberals 17%, Conservatives 7%. This translates as another potential boost for the NDP as the election winds down and Canadians see a surging NDP Party as the potential alternative to their first choice.
In today’s news the Banks and big business are issuing statements of fear regarding this success of the NDP. They are statements that should be considered both with suspicion and with trepidation. Of course the policies of the Conservative Governments both here in BC and in Ottawa have been to deliver serious tax breaks to the banks and large enterprises. In BC the Campbell Government cancelled taxes on Banks altogether. Therefore it is only in the Bankers interest to have these styles of governments in power.
The trepidation side of this is how the Banks can make borrowing difficult for anyone, including a government. As all our western governments have handed over control of the money to these private banks they need to borrow from them to conduct the business of running the country (or province). When the NDP came into power in BC the banks raised the interest rate for the government making program management and funding more difficult.
It would not be a surprise to see the rates of interest charged on borrowing spike dramatically if Jack Layton and the NDP were to form Government. Layton would then only have one option to regain control of the country from the Bankers, use the authority of the government and print Canada’s own money. Jack Kennedy was assassinated shortly after he ordered the printing and distribution of an American Government owned currency.
On June 4, 1963, President Kennedy issued Executive Order 11110. This Executive Order called for the issuance of new currency - the United States Note. At the time, nearly four billion dollars of this currency was put into circulation. This new currency was to be distributed through the U.S. Treasury. Not the Federal Reserve System and was to be issued debt and interest free. Upon Kennedy's assassination, this currency was withdrawn from circulation.
As was recently seen in the USA during the economic turmoil the congress approved multi billion dollar bailouts for the banks. This money was printed by the banks, lent at interest to the USA government who then gave it back to the banks. An astounding act that only film maker Michael Moore has properly exposed in his documentary, “Capitalism, A Love Story”.
May 2, 2011, Election Day, is only a few days away and the drama is unfolding at an alarming rate.
See this chart from SFU with our additional projections in greater detail, attached below. We have three different outcomes for the Conservatives and two each for the Liberals and NDP.
get out and vote
Comment by mary murphy on 1st May 2011
who oh who brought in the GST!!! Hey no problem taxes are good for you, you should pay more, and....Who oh Who gave the incentive to pulp and paper industries, black liquor subsidy money, and then left a loophole where they could keep the money $33 million in our area, and use it to shut down the same establishment that earned it...One loophole, there are others. What was the federal approved write off incentive for West Fraser to shut down Eurocan. … No worries think of all the money we are making cutting down our resources, and then shipping it all out ..
To top it off...Oh please, I am not taking any questions! GET OUT AN VOTE FOR A CHANGE
confusion regarding taxes
Comment by Thomas La Porte on 30th April 2011
The word 'taxes' is used in many different ways, often misleadingly. Further tax breaks for corporations will not stimulate the economy; tax breaks for small business, infrastructure, and lower- to middle-income citizens will. Fair taxation allows us to afford the infrastructure and social programs which grow the economy, whereas inadequate taxation is a failure to invest in our future, thus creating hidden costs that average taxpayers end up footing the bill for.
Despite the rhetoric to the contrary, the cost of social programs is easily affordable. What is not affordable is the practice of our federal government borrowing its own money from private financial institutions at higher, compound interest rates rather than borrowing its own money from our Bank of Canada at zero to low interest. By far the greatest portion of our national debt is due to compound interest, NOT the cost of social programs.
Utilization of the Bank of Canada could also be extended to provincial and municipal investments of capital. And don't tell me that this will cause inflation, because inflation is not caused by who creates the money, it is caused when too much money is created.
As to confidence in a currency, the banks have nothing to back currency with. Countries have their resources, including the productive power of their people.
Besides, if money is always created from debt (by someone borrowing from a bank), as it almost always is at present, then the debt is necessarily greater than the total money supply. This is because of compound interest causing you to owe more than you borrow. The math doesn't balance, therefore bankruptcies and poverty are systemic. Hence the truism of the rich getting richer and the poor getting poorer continues to hold.
As to businesses fleeing one location to another for lower tax rates, we could invest in local initiatives to replace their goods and services, and find other ways of penalizing companies that fail to invest in our communities. The alternative is simply to engage in the "race to the bottom" that we have seen all too much of.
Yet another way for governments to generate income in order to fund programs is to hold onto public assets (for example, BC Hydro). Improve them and stop privatizing them, since they provide profits to offset the costs of government, plus well-paying, unionized jobs to help sustain a middle class.
These are only some of the simple solutions within our reach. The key to sound political action is to support parties and causes that serve the general and long-term good. This is precisly why I support and work within the NDP. It may not be perfect, but it is moving in an economically and environmentally sustainable direction.
Comment by Karen Dedosenco on 29th April 2011
Like it or not, paying taxes is a part of living in a democratic state. The government requires that tax base to deliver infrastructure that benefits individuals and businesses alike, it pays for security and protection, for our healthcare, for educating our children and yes even to keep our less advantaged from falling lower than any human deserves to fall.
And to Bill, I would say "Is it a tax increase if the previous government had lowered taxes to levels that no longer provided a benefit to our economy or job situation?"
Those that complain about tax increases the loudest are usually those that would notice it the least.
Comment by FayEllen McFarlane on 28th April 2011
So the other leaders have been taken by surprise that the people of Canada are getting fed up with the way they are running the country and are looking for change! But they don't listen to the people. They just set their own agendas and the rest of us can sit and take it - or so they think! People are sick and tired of hearing all the negative campaigning too. It's time the Conservative and Liberal parties woke up and listened to Canadians and stopped running each other into the ground. Remember when they used to say "If you can't say something nice, don't say anything at all"?
Wake up and smell the roses, Baby! While you've been spreading all those ugly stories about the other candidates, Jack Layton has been talking to the people.
Comment by Barry English on 28th April 2011
Just remember that when the NDP was government in British Columbia. we had several working mills in the area, including two pulp mills and several sawmills of various sizes. Since 2001, we have lost all of those mills, and most of the forestry capacity. With the loss of our biggest industries, small businesses declined to the point where there were very few restraunts, or bars, or retail outlets around. In fact there was no store left in Terrace where you could buy a business suit so you had to travel to some other town to do so.
This all happened under a Liberal government during the last ten years. Don't try to tell me that it was the NDP government that drove out the businesses.
BC NDP=more taxes/Liberals lesstaxes
Comment by bbraam on 27th April 2011
Is it actually a tax reduction if the previous government overtaxed in the first place? In BC it seems the NDP taxes businesses till they flee the province, then the Liberals came along trying to bring businesses back with tax reductions. The NDP pursues a welfare state and the Liberals try to bring the entrepenours out in the people. The political pendulum definately swings hard here in BC. thank you