drianlee

Associate Professor, Sprott School of Business, Carleton U

[drianlee @drianlee]

@stephenfgordon U Laval is in Quebec City - located 250 kilometers from Montreal.
There are 4 universities in Montreal but U Laval is not there
And to help you, Gordon is one of Canada's most important economists, who co founded Worthwhile Cdn Initiatives, w/ excellent policy analyses

[drianlee @drianlee]

@stephenfgordon Worst of all, MPs were using raw, NOMINAL data of gross annual revenues - and said see: "revenues are increasing very quickly - "greedflation" - without removing the very inflation they were condemning, in order to compare apples to apples, year over year or quarter over quarter.

[drianlee @drianlee]

@stephenfgordon To be clear, I provided Net Profit Margin RATIO comparative tables - from AUDITED (public) Income Statement of 3 grocery firms - for each of last 3 years - normalized. Most MPs rejected or ignored this empirical data. Some MPs did not know diff btwn Gross & Net Profit Margin

[drianlee @drianlee]

@stephenfgordon Agree. I appeared at H of C Finance Cmte 3 months ago with actual Stats Can industry average Net Profit Margin data of 3.5% for grocery retailing & provided data from AUDITED annual reports of Loblaws, Metro, Sobeys. NDP member denied data - told me to stop "lecturing"

[drianlee @drianlee]

@bruceanderson Canada could - but has not - been as successful competing for FDI - as WB and UNCTAD data shows. And CD Howe and David Dodge amongst others have criticized. Spending govt billions to subsidize battery plants is an admission of failure that we cannot successfully compete for FDI

[drianlee @drianlee]

@bruceanderson The article "Pink slips and running shoes - an empirical analysis of the Liberal downsizing program" was published, How Ottawa Spends, 1998, Gene Swimmer, Ed, McGill-Queens University Press. It is the most comprehensive empirical analysis of the largest downsizing in Cdn history

[drianlee @drianlee]

@bruceanderson In my article on GoC downsizing 1997, I quoted Mulroney who promised "pink slips & running shoes" to PS when elected. Then he granted job security not once but twice to PS. Chretien promised to love PS once elected & then gave them pink slips & running shoes in 1995 downsizing

[drianlee @drianlee]

@bruceanderson I know dozens of people in the PS. They believe Poilievre will revoke what is being called the "bait and switch" tactic of GoC that promised the unions hybrid work of max 2 days/wk in office - if they ended the strike. The strike ended - the govt cheated and double crossed them

[drianlee @drianlee]

@bruceanderson Bruce has a point - the right to use notwithstanding clause is embedded in the Cdn Constitution - by Canada's most famous Liberal PM
Pierre Trudeau (& the majority of premiers). The right to invoke notwithstanding is not based on election results - but based in the constitution

[drianlee @drianlee]

@bruceanderson former Gov Dodge who was previously DM Finance and before that DM of Health Canada, stated that Budget 2024 was "worst budget since 1981". Also see Anne McLellan, former Lib Deputy PM: "on econ metrics, Canada is getting Ds and Fs" https://t.co/v7AWYLInBQ

[drianlee @drianlee]

@bruceanderson CD Howe & eg OECD have empirically shown the decline in business capital investment, decline in productivity. So has Coyne at Globe & Mail as has Economist David Rosenberg and some reports from economists at RBC, Scotiabank. Also see recent Monetary Policy Reports of BoC.

[drianlee @drianlee]

@bruceanderson former Gov David Dodge, a career public servant strongly disagrees. As does former Liberal Finance Minister John Manley as does former Liberal Deputy PM Anne McLellan as does former Liberal Premier Christy Clark as does Don Drummond, former ADM, Finance as does Bill Morneau

[drianlee @drianlee]

@Alex_Panetta Completely agree as a paid member of PBS since the days of the outstanding McNeil-Lehrer to the present. PBS was certainly liberal but fair and balanced. This was why many of us watched PBS - including fiscal conservatives such as myself. PBS is putting their brand at risk.

[drianlee @drianlee]

@erinotoole However, Canada is not the world leader in AI. It is a very distant 5th at best.
https://t.co/7O1Ygm0qMw

https://t.co/WXaUCvchSj

https://t.co/no8vX5mp4v

[drianlee @drianlee]

@bruceanderson GHG emissions are a GLOBAL problem - not a Canadian problem - that requires addressing the GLOBAL causes. The top 3 country emitters produce more than the 100 countries at bottom. https://t.co/o46je7oyGc
Why does Canada refuse to export LNG to help China reduce its GHG #1 world?

[drianlee @drianlee]

@bruceanderson another excellent graph from NR Can documenting reductions in GHG - achieved without a carbon tax prior to 2015 and with a carbon tax after
https://t.co/mO2jqhs2ZC

[drianlee @drianlee]

@bruceanderson No serious person advocates doing nothing.
It is irresponsible of Govt of Canada to:
1. refuse to allow LNG exports to China to help reduce emissions of largest emitter in world
2. Per NR Can, Canada has reduced emissions on per person basis from 1996-2023

[drianlee @drianlee]

@bruceanderson Germany still heavily reliant on coal - far higher than Canada: https://t.co/5MvZHZ9VIX

Why does the Cdn Govt refuse to help Germany reduce its dependence on coal with LNG exports - which Germany requested.

US is exporting LNG to Germany - why has Canada refused to help w/ LNG?

[drianlee @drianlee]

@bruceanderson World coal consumption graph - China is by far number 1 user of coal in world, https://t.co/hDGsGLcwPK
Why do we pretend that Canada is the problem - Canada could be part of the solution - if we exported LNG to China - to reduce its enormous GHG emissions

[drianlee @drianlee]

@bruceanderson BBC, "Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change"
It is deceptive to argue that Canada at 1.5% of world GHG, can significantly change WORLD GHG emissions without China, US, India at 45% of world.