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Liberals are saying there is some sort of difference between a "technical recession" and a "full-blown recession," whatever that means. Here's Mark Carney stating clearly that they're the same thing.

Canada Proud

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29,325 просмотров • 2 месяцев назад •via X (Twitter)

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This is the kind of decisive response to a recession that only a master economist and crisis manager could give.

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So let me get this straight 😵‍💫 Mark Carney was sold to us as the financial genius. The adult in the room. The Trump whisperer who’d “get the deal done.” He was going to handle Trump. He was going to protect Canada. He was going to build “Canada Strong.” He was going to deliver a clean U.S. deal by July 2025. And now? Canada just entered a “technical” recession — aka the economy shrank for two straight quarters while the polite media clutches pearls. The U.S. and Mexico are cutting trade deals without us. We still don’t have the “clean deal” Carney swore he’d deliver. He jets to New York and tells them “Canada Strong will help Make America Great Again.” His own portfolio? 90%+ parked in the U.S. — while he lectures Canadians to “invest in Canada.” Even Steven Guilbeault bailed because Carney suddenly discovered oil, gas, pipelines, and basic economic reality exist. Recap: - Anti-Trump at home - MAGA-adjacent in New York - Climate warrior for the Liberals - Oil salesman for Alberta - “Canada Strong” branding - America-heavy investments - Zero deal - Recession - Caucus cracking But don’t worry — the same media that spent years deep-throating the “economic superhero” narrative is now here to explain this is just a silly little “technical” recession. Canada didn’t elect a Prime Minister. We hired a very expensive PowerPoint presentation in a suit that flip flops as much as a fish 🐟 out of water And it’s not even a good one. 🔥

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Remember when the word recession was supposed to be scary? Canada officially entered a technical recession this week, and historically, that would have been a significant headline. It would have raised concerns about jobs, investment, business growth, consumer spending, and the overall direction of the economy. Today, it barely moves the needle. If you're like most Canadians, your reaction to the report was probably something along the lines of, "Awesome. What else is new?" Every few months, Canadians are given a new economic buzzword to worry about. Inflation. Interest rates. Tariffs. Housing bubbles. Now it's a technical recession. The media runs headlines. Politicians point fingers. Economists argue over charts and percentages. Everyone suddenly becomes an expert, while most ordinary Canadians are left wondering what any of it actually means for their day-to-day lives. As a millennial, I've spent my entire adult life hearing some variation of the same economic warning. Recession. Inflation. Housing crisis. Cost-of-living crisis. Rising interest rates. Stagnant wages. Every few years, there's a new headline, a new concern, a new reason Canadians should be paying attention. At some point, you stop paying attention. Not because you don't care. Because you've heard it all before. I'm 36 years old, and Canada has entered its 5th technical recession during my lifetime. Most Canadians couldn't tell you when those recessions happened, and most probably couldn't give you the textbook definition of one to begin with. But they don't need to. Regular people don't experience the economy through GDP reports. They experience it through grocery bills, mortgage payments, rent increases, childcare costs, and whether there's any money left at the end of the month to put towards retirement or savings. Eventually, it shows up in bigger ways: postponing children, delaying homeownership, working overtime, or realizing the future they imagined keeps moving further out of reach. What I find most interesting is that even after Canada officially entered a 'technical recession', much of the media conversation focuses on reassuring Canadians that it isn't as bad as it sounds. We've become completely desensitized to what a recession actually means. Not because the definition has changed. Because our relationship with the word recession has changed. We've spent decades normalizing economic decline until it became background noise. At some point, ‘recession’ stopped sounding like a warning and started sounding normal. That's the part that concerns me. We've become so accustomed to hearing bad economic news that we've stopped treating it as such. We've accepted that housing will be unaffordable. We've accepted that groceries will become more expensive. We've accepted that younger generations may never enjoy the same standard of living as their parents. We've accepted that ordinary milestones—buying a home, raising a family, and building financial security—are becoming increasingly difficult to achieve. A generation ago, a couple owning a home and raising a family on one modest income was considered normal. Today, two good incomes and no children are increasingly viewed as something to envy—a financial advantage or necessity rather than simply a lifestyle choice. What's remarkable is not that these things are happening. What's remarkable is how normal they've started to feel. A recession should mean something. It should get people's attention. Instead, many Canadians hear the word and barely react. Not because they don't care, but because they've become accustomed to hearing some version of economic bad news year after year. It feels like just another headline in a long list of headlines Canadians have learned to live with. And I think that's far more alarming than the recession itself. When a society becomes desensitized to decline, it stops recognizing decline as decline. It starts treating it as reality. It starts adjusting expectations downward. It starts accepting circumstances that previous generations would have considered unacceptable. That's why I hope Canadians start paying attention to this recession. Not because it's the end of the world. But the fact that so many people barely reacted to it should force us to ask a much bigger question: At what point did economic decline become normal?

Remember when the word recession was supposed to be scary? Canada officially entered a technical recession this week, and historically, that would have been a significant headline. It would have raised concerns about jobs, investment, business growth, consumer spending, and the overall direction of the economy. Today, it barely moves the needle. If you're like most Canadians, your reaction to the report was probably something along the lines of, "Awesome. What else is new?" Every few months, Canadians are given a new economic buzzword to worry about. Inflation. Interest rates. Tariffs. Housing bubbles. Now it's a technical recession. The media runs headlines. Politicians point fingers. Economists argue over charts and percentages. Everyone suddenly becomes an expert, while most ordinary Canadians are left wondering what any of it actually means for their day-to-day lives. As a millennial, I've spent my entire adult life hearing some variation of the same economic warning. Recession. Inflation. Housing crisis. Cost-of-living crisis. Rising interest rates. Stagnant wages. Every few years, there's a new headline, a new concern, a new reason Canadians should be paying attention. At some point, you stop paying attention. Not because you don't care. Because you've heard it all before. I'm 36 years old, and Canada has entered its 5th technical recession during my lifetime. Most Canadians couldn't tell you when those recessions happened, and most probably couldn't give you the textbook definition of one to begin with. But they don't need to. Regular people don't experience the economy through GDP reports. They experience it through grocery bills, mortgage payments, rent increases, childcare costs, and whether there's any money left at the end of the month to put towards retirement or savings. Eventually, it shows up in bigger ways: postponing children, delaying homeownership, working overtime, or realizing the future they imagined keeps moving further out of reach. What I find most interesting is that even after Canada officially entered a 'technical recession', much of the media conversation focuses on reassuring Canadians that it isn't as bad as it sounds. We've become completely desensitized to what a recession actually means. Not because the definition has changed. Because our relationship with the word recession has changed. We've spent decades normalizing economic decline until it became background noise. At some point, ‘recession’ stopped sounding like a warning and started sounding normal. That's the part that concerns me. We've become so accustomed to hearing bad economic news that we've stopped treating it as such. We've accepted that housing will be unaffordable. We've accepted that groceries will become more expensive. We've accepted that younger generations may never enjoy the same standard of living as their parents. We've accepted that ordinary milestones—buying a home, raising a family, and building financial security—are becoming increasingly difficult to achieve. A generation ago, a couple owning a home and raising a family on one modest income was considered normal. Today, two good incomes and no children are increasingly viewed as something to envy—a financial advantage or necessity rather than simply a lifestyle choice. What's remarkable is not that these things are happening. What's remarkable is how normal they've started to feel. A recession should mean something. It should get people's attention. Instead, many Canadians hear the word and barely react. Not because they don't care, but because they've become accustomed to hearing some version of economic bad news year after year. It feels like just another headline in a long list of headlines Canadians have learned to live with. And I think that's far more alarming than the recession itself. When a society becomes desensitized to decline, it stops recognizing decline as decline. It starts treating it as reality. It starts adjusting expectations downward. It starts accepting circumstances that previous generations would have considered unacceptable. That's why I hope Canadians start paying attention to this recession. Not because it's the end of the world. But the fact that so many people barely reacted to it should force us to ask a much bigger question: At what point did economic decline become normal?

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