covid can only be stopped by limiting social contact
it's not fair to ask workers to stay home without compensation
economy will only recover once covid is defeated
measures taken now are justified because the recovery will be faster
waiting for a vaccine
build back better with "targeted investment"
"aggressive federal stimulus" is necessary
"Can we afford it?" Yes because:
we entered covid with a healthy economy
we have a low NET debt to GDP ratio
interest rates are low globally
debt payments as a share of GDP are at a 100 year low
we are taking advantage of low-interest rates with more debt
the 80s/90s were an "enamoly" [lol]
with old population: deflation/secular stagnation seem worse than inflation/debt and banks agree. [Oil bad, immigration good]
She notes:
canada exceed job growth rate in US [LOL?]
monetary policy can't help so we must use fiscal policy [hand outs], IMF agrees
Q/A:
in case of extended covid, her plan is to: build our way out with gov investment [...?]
regarding climate change: climate change is real, we need to create incentives (price on pollution is good), we need to invest in individuals so they shift away (like electric cars), ford will build electric cars in canada for canada/europe via CETA
what does the US election mean for canadas economy? "we're prepared"
Yes.
[Stuff in brackets are my interpretation/comment]
Points she states:
"Can we afford it?" Yes because:
She notes:
Q/A:
Brace for impact boys...it's coming