Justin Trudeau was first elected as Canadian Prime Minister in 2015. His leadership was expected to fuel Canadian prosperity. It did not.
The best measure of the financial health of Canadians is real gross domestic product (GDP). Here are the data for 2006 to 2021.
From 2006 (when Steven Harper led the Conservatives to form a minority government) to 2014, Canada enjoyed modest growth in real GDP, an average annual rate of 1.1% per year. Pretty terrible but nonetheless increasing. During Trudeau’s regime from 2015 to 2021, real GDP in Canada was virtually unchanged.
Things improved in 2022 and 2023 when Canada enjoyed positive real GDP growth, but unless you were a member of the public service, you didn’t participate since virtually all of the growth was in the public sector. While ordinary Canadians have been pilloried by the inflation caused by Trudeau’s reckless fiscal management and relentless attacks on the energy industry, public sector incomes have soared with spending on the public sector jumping 32% from the 2019-2020 fiscal year until mid-2023. Public sector employees get salary and wage increases that more than offset Trudeau’s inflation, but you didn’t. Instead, you got a useless carbon tax premised on the nonsensical theory that CO2 causes climate change (it does not) and the Liberal claim that reducing Canadian emission would make a difference if it did, which is absurd given those emissions are de minimus and more than offset by the CO2 sequestered by Canada’s billions of acres of boreal forests.
Canadian households can’t make ends meet, Canadian youth can’t afford a place to live, and yet there are still many Canadians who make a career out of promoting the benefit of Trudeau leadership and spend their days finding fault with Pierre Poilievere, a common sense leader likely to reverse the downward trend the Liberals have created and return Canada to some form of normalcy. I see dozens of them on Twitter daily, and they are either paid to act as Liberal trolls or hopelessly deluded and in need of mental health therapy.
Canada needs to oust Trudeau at the earliest opportunity. Failure to do so will just make matters worse.
Frank Stronach made a speech this week at the national club about his idea regarding an economic freedom charter. It has seven points and while I don’t necessarily agree with the specifics, the general thrust is a return to free market capitalism being the best path to prosperity.
He stressed the government is just way too big. The private sector can’t carry that much on its back. Rather than do a Tim Hudak ( he threatened to fire tons in the bureaucracy) Frank suggested a 10 year freeze on bureaucracy hiring and let it melt away by attrition.
It also doesn't help that public sector employment as a % change has skyrocketed. We are feeding a bureaucratic class.
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