Starting to get a bit interesting

Just two weeks ago, it looked as though Jack Layton might be fighting his last campaign.  There's still a week to go, but safe to say that yes, this is getting a bit interesting.  

The end of Canadian politics as we know it?

This might be the end of Canadian politics as we know it. The NDP are polling (not just an off poll, but numerous polls) putting them above the 20% mark nationally, and into the 30-35% range in Quebec. Today, an Ipsos Reid poll is showing Jack Layton's NDP at 24%, behind Stephen Harper's Conservatives at 43%. This places the NDP above the Liberals who come in at 21%.

In Quebec, yesterday's Ekos poll puts the NDP at over 31% and Gilles Duceppe's Bloc Quebecois at just under 24%.

The fact that the NDP is even on the map in Quebec, when only a few weeks ago Thomas Mulcair (the NDP's first MP elected in a general election, they previously had one elected in a by-election) is amazing.

What's far more amazing, is that if this continues, the NDP could be winning a dozen seats or even more. It's almost unspeakable.

Add to that their strong showing in BC, where they are in a tight three-way, and some indications of growing support in the prairies and the Atlantic provinces, and the NDP might be in contention for the top spot soon.

If these numbers hold, or improve for the NDP...the dream of the CCF and its successor party could finally be realized, and that is to replace the Liberals...much as the Labour party replaced the British Liberal party on that side of the Atlantic.

The logjam could be over, and Canadian politics as we know it, could be forever changed.

See also:

Matt Gurney: A strong NDP is bad for the Liberals, but might be good for Canada | Full Comment | National Post

2011 Canadian Election Debates

I finally just got done watching the entirety of the 2011 Canadian Election debates, in both French and English.  Ignatieff looked a bit week in the English debate, but a little better in the French debate.  Harper, by simply surviving, did alright in both, but the two who were really interesting to watch were Layton and Duceppe, especially the latter.  Duceppe is a very well spoken politician who approaches things with a level of frankness that the others don't dare.

It's clear, especially between Duceppe, Harper, and Layton that those three have done this more than a few times, and are like old buddies.  Ignatieff stood out at times like the odd guy out.  The parts where Duceppe and Layton reminisced about the near coalition with Harper in 2004 were especially like watching a couple of the guys sit back and talk about the good ole days when they were all friends over a glass of beer.  Anyway, I encourage everyone to watch them.  A source for that would be ctv.ca, but I'm sure you can find it elsewhere.

Interesting to note also, that normally in Canada, the highest rated programs pull in just over a million viewers.  The English debate pulled in over four million viewers!  That puts it up to the level of the Stanley Cup or the Vancouver Olympics.  Yep, Canadians really do take their politics seriously.

The debate is not only informative, but it's just damned fun watching our politicians actually drop the spin from time, to time, and just talk directly.

Reverse Robin Hood Syndrome

Inflammatory image aside, does anyone else think that it's a bit ridiculous to give money to Japan?  I mean, this is one of the richest nations in the world.  Now, I know that the Japanese economy has been overtaken by China, placing Japan in the third largest position, but in terms of quality of life, Japan's is much, much better than China's.  So, the overall GDP is not so relevant here.  I'm really not insensitive to how much it sucks that Japan had a big earthquake, a tsunami and a small nuclear disaster.  I know this sets them back a lot, but Japan has a huge tax base, and the ability to borrow vast sums of money to rebuild.  They have the technological know-how, and the educated workforce.
     Yet, here they are receiving foreign aid from countries like Thailand!  Thailand has villages where people do not have acess to proper drinking water.  Ok, I think everyone in Thailand has water, but waterborne diseases are still a problem.  And, though everyone has food here, many people can't afford enough food.  Many, many people here have diets that are short on meat and vegetables...not to mention palm oil with the recent shortages.  But, take a walk around The Mall Bankapi, or any of the Central Department Stores, and what do you see?  Thailand for Japan signs everywhere.

It's ridiculous.

Spurring growth with tax cuts is like burning the house to kill the rats.

This article in today's Globe and Mail has Jim Flaherty referring to his "comfort zone" of low taxes without rationalizing why given that he admits that tax cuts are simply being held by companies.  When the economy is weak, why would people, or corporations just spend the tax cuts on upgrading?  Wouldn't it make more sense to hoard that money until things improve, thereby defeating the very point of stimulus tax cuts?

Former Chief Economist at the World Bank, and economic advisor to Bill Clinton, Joseph Stiglitz outlines in his book "Freefall" just how much so this is the case.  It doesn't make any sense to cut taxes to spur growth logically, and the numbers confirm that.

It should be pretty obvious that tax cuts to spur the economy is akin to burning down the house to kill the rats...or something like that.  That analogy is mine...which is probably why it sucks.