John Baird, quoting from Don Drummond:
"Don't believe me, believe Don Drummond. He said 'It's never going to be revenue neutral'"
Here is the entire quote referenced by Baird:
"It´s never going to be revenue neutral for any individual or any corporation," observed TD Bank chief economist Don Drummond.
"Everybody´s going to be able to do their own calculations to some degree, and there will be winners and there will be losers.
"So, in aggregate, you may say, ´Okay, the $15 billion got recycled, but it didn´t in my household budget."´
"I think it will be revenue neutral, but there will be no individual or company in the country that will exactly get back what it pays back in carbon tax," Drummond told CBC News on Wednesday. "There will be a lot of winners and a lot of losers."
Not revenue neutral for everyone, but revenue neutral overall. Quite a different perspective than the Baird presentation. Just for fun, Drummond has also said:
"The idea itself is very sensible," Don Drummond, the chief economist at TD Bank, told CTV's Canada AM on Friday.
"Given these uncertainties, many U. S. and Canadian businesses prefer a carbon tax over cap-and-trade and regulatory regimes."
Baird then quoted respected economist Jack Mintz. Baird used this quote:
"Where the Liberal proposal is weaker compared to the Conservative plan is that the latter is more directed at reducing carbon."
The funniest part, Baird uses a Financial Post opinion piece from Mintz for the quote, the same article where Mintz basically calls Baird a liar:
Nonetheless, the effect of the plan will largely fall on consumers and businesses purchasing energy-intensive products. The Conservatives have not been straightforward with John Baird, Minister of the Environment, indicating that only dirty big companies will bear the costs. However, given that companies must raise capital from international markets, costs cannot be passed onto shareholders but instead must result in higher consumer prices or lost jobs.
Given that the technology fund and Clean Development Mechanism payments can only cover some of the requirement, the targets can only be achieved if sufficient domestic offsets, which are projects sanctioned by Environment Canada, are available. Many companies have told the government that domestic offsets will probably not be available to cover the shortfalls, especially in the early years of the plan. If so, only one action is available to avoid criminal charges -- to curb any production that limits emissions. Canadians could be faced with brownouts, high fuel costs and lost jobs.
Again, what does it say about somebody, that Baird is reduced to using quotes from an article that also says he has "not been straightforward"? Mintz argues the Conservative plan would pass down the cost to the consumer, which is exactly the Conservatives main criticism of the Liberal plan. Tsk tsk:
In an interview, Mintz dismissed Conservative claims that Dion´s carbon plan would send shockwaves through the economy.
"I don´t think the plan will be negative on growth," he said.
"In fact, it will probably be positive. Because what you´re doing is taking taxes off investment and work effort and you´re putting it on to consumption."
In any debate about policy, you can usually find supportive voices to counter the one's that are critical. Even relatively weak ideas can find some backing, there are so many differing perspectives, the sheer mass of opinion makes it easy to find a friendly voice. Within that reality, John Baird is an utter joke, so desperate he actually quotes articles from people that crticize him personally and actually support the Liberal plan. If that's the best you can do John, you really are nothing more than an irrelevant outsider to this entire discussion. Anyways, I hope the Liberals use the video of the Baird quote in my title praising Dion's sincerity ;)