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Seriously?!?!
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Last post: May 13, 2024, 10:23:35 PM
Re: Seriously?!?! by Lokmar

avatar_DKG

Trudeau's legacy

Started by DKG, January 01, 2025, 02:11:18 PM

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Herman


Herman


Herman


Herman


Herman

The Trudeau-Carney Liberals, despite their own pretensions, do not get to decide what it means to be a proud Canadian.

Herman

This crook should be locked up.

Herman

In the fact-free world of Prime Minister Justin Trudeau and the Liberals, their screw-ups are always someone else's fault.

They have been in charge of the federal government during every single day of Donald Trump's two terms as president, from Jan. 20, 2017, to Jan. 20, 2021, and now from Jan. 20, 2025, to the present.

That means they wear the current dismal state of Canada-U.S. relations and the start of an economically devastating tariff war with the U.S. on Tuesday.

It happened entirely on their watch.

In that context, their absurd attempts to link Conservative Leader Pierre Poilievre to Trump — even Trump has said he's "not a MAGA guy" — is just another Liberal roadside distraction.

Another attempt by the Liberals to escape responsibility for their abject failure to manage the most important relationship Canada has with any country on the planet.

Herman

The Justin Trudeau era is ending, after nine-and-a-half years as prime minister. His exit coincides with the onset of a trade crisis with the United States. Trudeau leaves behind a stagnant Canadian economy crippled by dwindling productivity, a long stretch of weak business investment, and waning global competitiveness. These are problems Trudeau chose to ignore throughout his tenure. His successors will not have that luxury.   

It's no exaggeration to describe the Trudeau years as almost a "lost decade" for Canadian prosperity.  Measured on a per–person basis, national income today is barely higher than it was in 2015, after stripping out the effects of inflation. On this core metric of citizen well-being, Canada has one of the worst records among all advanced economies. We have fallen far behind the U.S., where average real income has grown by 15% over the same period, and most of Europe and Japan, where growth has been in the range of 5-6%.

Meanwhile, Ottawa's debt has doubled on Trudeau's watch, and both federal government spending and the size of the public service have ballooned, even as service levels have generally deteriorated. Housing in Canada has never been more expensive relative to average household incomes, and health care has never been harder to access. The statistics on crime point to a decline in public safety in the last decade. 

Herman

This is from Lorrie Goldstein of Sun News.

Buried because of the news about the Trump, Vance, Zelenskyy confrontation at the White House on Friday was the release of new economic data by Statistics Canada showing our standard of living has further deteriorated over the past two years.

StatsCan reported that Canada's real GDP per capita, which measures economic output per person, adjusted for inflation, a widely accepted metric for measuring a nation's prosperity, fell by 1.4% in 2024, following a decline of 1.3% in 2023.

This is part of a longstanding crisis in the Canadian economy that has accelerated under the Trudeau Liberals.

It is unsurprising given outgoing Prime Minister Justin Trudeau's focus on redistributing income as opposed to growing the economy during his decade in office.

Everyone from Bank of Canada Senior Deputy Governor Carolyn Rogers, who has called it a "break the glass" emergency, to Liberal leadership contender Chrystia Freeland, who called it the "Achilles heel" of the Canadian economy when she was finance minister, has sounded the alarm.

Jake Fuss, director of fiscal studies for the Fraser Institute writing in The Hub last year, noted that real GDP per capita in Canada during the Trudeau years rose by 1.9%. In the U.S,. during the same period, it increased by 14.7%.

University of Calgary economist Trevor Tombe, also writing in The Hub last year, said that, "if Canada had simply kept pace with the U.S. over the past two years our economy would be 8.5% larger – that's about $6,200 more income per Canadian each year."

He estimated that in 2024, the total gap in real GDP per capita between Canada and the U.S. was about $22,000 – $66,300 in the U.S. compared to $44,400 in Canada, in 2015 dollars.

In 2024 dollars, he said, the gap was higher – roughly $28,000.

"Put another way", Tombe wrote, "real GDP per capita in the U.S. was 43% higher than in Canada in 2023. And in 2024, I estimate this gap will widen to nearly 50%.

"Let that sink in for a moment. The U.S. is on track to produce nearly 50% more per person than Canada will. This stunning divergence is unprecedented in modern history."

Freeland warned in her 2022 budget that unless this trend is reversed, "the Organization for Economic Co-operation and Development projects that Canada will have the lowest per-capita GDP growth rate among its member countries" from 2020 to 2060.

Liberal apologists will try to camouflage this fiscal emergency by pointing out Canada's real GDP increased by 2.6% on an annualized basis in the fourth quarter of 2024, higher than expected.

But that was largely because of the dramatic increase in immigration, which the Liberal government authorized, ignoring advance warnings from its own public servants that doing so would increase the cost of living and put added strain on already beleaguered public services such as heath care.

Bringing in more people means there is more economic activity, but if it's not matched by economic growth it's bad for everyone – both Canadian citizens and immigrants – which is exactly what happened.


Thiel

There has never been a better time to kill Justin Trudeau's carbon tax than right now.

The fact the Trudeau government, in its dying days, is proceeding with a scheduled 18.75% hike to the carbon tax on April 1 increasing it to $95 per tonne of industrial greenhouse gas emissions from $80 per tonne is economic insanity.
gay, conservative and proud

Herman

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DKG

The fact that the U.S. buys almost all of our oil exports and 45% of our natural gas exports at huge discounts, because its our only major customer, makes us a sitting duck in Trump's tariff war.

The main reason for this has been the Trudeau government's obsession with curtailing the expansion of Canada's oil and gas sector because of its radical climate change agenda.

While the Trudeau government boasts about having saved the construction of one pipeline, TMX, to get Canada's oil to tidewater and the start up of one LNG plant to do the same for liquified natural gas later this year, the Americans have been building enough new oil and gas pipelines to, as then president Barack Obama put it in 2012, more than encircle the earth.

A tariff war with Trump is bad enough. Fighting it with one hand tied behind our backs because we tied it ourselves is even worse.
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DKG

According to an Angus Reid survey,  most Canadians described as failures Trudeau's rapid increase of immigration levels (64%), response to inflation (55%) and introduction of the carbon tax (53%).

"After nearly a decade of governance by the Trudeau Liberals ... initial optimism has given way to more criticism than applause," the survey concluded.

"Majorities of Canadians believe the Trudeau era has had a negative impact on Canadians' trust in the federal government (63%) and housing affordability (61%)."

The survey also found significant numbers of Canadians believe the Trudeau Liberals have harmed more than helped Canada's energy sector (42% negative), infrastructure (32%), the economy (52%), relations with the U.S. (48%), the federal government relationship with the provinces (43%), health care (37%), the job market (37%) and national unity (43%).

"Asked to describe what they'll remember most about the near-decade that Trudeau led the country, the most common responses mention either the pandemic response or scandals like the SNC-Lavalin and WE Charity affairs," the survey said.

Herman

Quote from: DKG on March 09, 2025, 11:30:19 AMAccording to an Angus Reid survey,  most Canadians described as failures Trudeau's rapid increase of immigration levels (64%), response to inflation (55%) and introduction of the carbon tax (53%).

"After nearly a decade of governance by the Trudeau Liberals ... initial optimism has given way to more criticism than applause," the survey concluded.

"Majorities of Canadians believe the Trudeau era has had a negative impact on Canadians' trust in the federal government (63%) and housing affordability (61%)."

The survey also found significant numbers of Canadians believe the Trudeau Liberals have harmed more than helped Canada's energy sector (42% negative), infrastructure (32%), the economy (52%), relations with the U.S. (48%), the federal government relationship with the provinces (43%), health care (37%), the job market (37%) and national unity (43%).

"Asked to describe what they'll remember most about the near-decade that Trudeau led the country, the most common responses mention either the pandemic response or scandals like the SNC-Lavalin and WE Charity affairs," the survey said.
Justine's bullshit policies were an assault on working folks

Energy, immigration, taxation, climate, regulations, name it, Justine hurt folks that earn a pay cheque.
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Herman