As I have written about previously, Canada’s per capita GDP has fallen since 2015 when Justin Trudeau came into office.
Liberals try to blame the decline on the pandemic, on supply chain issues, on unwillingness of Conservatives to support Liberal programs like freebies for retired persons, free lunches for school kids, and a host of similar drop-in-the-bucket leftist programs that just increase Ottawa’s deficit and help drive up both interest rates and inflation. The pandemic did have an effect but it was mirrored by the same effect in our Southern neighbour, who has shown a more rapid and persistent recovery. I am pretty sure the pandemic paid no attention to the 49th parallel.
Canadian GDP is rising but per capital GDP is falling? How can that be? Easy. GDP is measured in current dollars, and it is only when the GDP deflator is applied that real GDP emerges and its rise is more muted. Then recognize that immigration of 1 million people per year adds to GDP but also adds to the divisor to calculate “per capita” GDP, and learn that the headline number touted by Trudeau doesn’t tell the whole story.
Liberals excoriate Pierre Poilievre for his stated plan to limit immigration to the number of people infrastructure like housing, hospitals, schools, and communities can absorb without causing further rises in home prices, longer wait times at emergency rooms and operating rooms, and more crowded schools. The criticism of Poilievre is clear evidence the Liberals will just keep piling it on and pretend they can solve the problems they are creating by spending more taxpayer money.
Canada’s debt level is now a serious problem. Most of that problem was created by a Prime Minister named Trudeau, both father and son. Brian Mulroney, a small C conservative, was just about as bad as either Trudeau.
I don’t believe Poilievre will emulate Mulroney and I am confident he will reverse the toxic policies of Trudeau which are causing significant damage to Canadians. Canadians need to be more self-reliant, benefit from smaller government and less intrusion into their businesses and lives, and vote for a return to fiscal and monetary prudence. If they don’t this just gets worse.
Trudeau has to go.
Mulroney’s deficits were sky high global interest rates on the debt created by PET
Canada is so broken it’s easy to fix
Job 1 is to not be a cultural Marxist who hates resources and taxes success
Confidence can be quickly restored and attract investors again and fire up the economy
Job 2 is to drain the DEI blotted Ottawa Swamp
Job 3 is to deal with Ottawa’s dysfunctional relationships with the Provinces