Part 1 Conservative Economics Gutting Fiscal Capacity
Conservative economics drives and exacerbates income inequality. Their neoliberal ideology (Socialism for the Wealthy) started in the UK with Thatcher, the U.S. with Reagan, went into hyper-drive with Stephen Harper, and is in full swing in Ontario with Doug Ford. Alberta will follow suit with Jason Kenney’s planned cuts for corporations & the wealthy.
Andrew Scheer currently claims that PM Justin Trudeau made a “mess” of our economy and that it will take years to clean up so what happened? A trip down memory lane is essential but let’s define the “mess” first:
Andrew Scheer currently claims that PM Justin Trudeau made a “mess” of our economy and that it will take years to clean up so what happened? A trip down memory lane is essential but let’s define the “mess” first:
- Lowest debt-to-GDP ratio in the G7 and still decreasing;
- Foreign Direct Investment is up by 60% since last year;
- 300,000 families were lifted out of poverty;
- Canada has the lowest unemployment in over 4 decades;
- Canada’s job numbers make record gains: 1 Million new jobs since Nov 2015;
- Youth unemployment slashed;
- Our tech industry is booming because of Immigration & Liberal investment; and,
- Canadian wholesalers just posted fastest growth in 17 months!
Read more https://lietracker.ca/2019/05/25/part-1-conservative-economics-gutting-fiscal-capacity/?fbclid=IwAR1wFTyWHSuPbtc2LR_b6L69AfqqmFEZqmko8UWnStqjJOF3022hbYgoPF8
A trip down memory lane: When the Conservatives came to power in 2006, they inherited a structural surplus of $13.8 Billion left by the Liberals but they blew through that before the global financial crisis hit.
The Harper Government gutted Canada’s fiscal capacity by cutting the GST 2 percentage points (against the advice of economists), slashed corporate taxes, and left us with a stagnant economy in 2015 amidst denials that we were facing another downturn. They also ignored the International Monetary Fund’s advice to stimulate the economy.
A trip down memory lane: When the Conservatives came to power in 2006, they inherited a structural surplus of $13.8 Billion left by the Liberals but they blew through that before the global financial crisis hit.
The Harper Government gutted Canada’s fiscal capacity by cutting the GST 2 percentage points (against the advice of economists), slashed corporate taxes, and left us with a stagnant economy in 2015 amidst denials that we were facing another downturn. They also ignored the International Monetary Fund’s advice to stimulate the economy.
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