Justin Trudeau has really wrecked Canada. So much overspending in such a little time has severely damaged the fortunes from coast to coast:
Canada’s economic productivity has trailed the U.S. for decades. This isn’t news and has numerous possible causes. What is particularly troubling for all Canadians, though, is that the gap is getting wider.
According to the latest data from Statistics Canada, which was released last week, Canada’s labour productivity—that is, how much stuff each hour of work produces on average—fell for the fourth consecutive quarter. As a result, Canadian productivity is now about 2 percent lower at the beginning of 2023 than it was one year earlier. Worse, this has reversed several years of gains. We’re now back to mid-2017 levels.
get it right.
its no longer tax and spend.
cant spend what you dont have.
the TURDeau’s ‘spending’ is ALL just[inTurdeau] more DEBT.
(psst a hint: thats what CanaDUH WANTS)
@Watch:
You need to calm down, you’re being too loud.
The budget will balance itself.
Not to worry, after the globalists steal our next election we’ll be joining you in bankruptcy.
A Disgusted American
It’s not just Canada
“Charting the Global Economy: UK, Japan Fell Into Recession at the End of 2023”
Our crude and petroleum exports are probably keeping us from a similar fate, for now!
https://www.bloomberg.com/news/articles/2024-02-17/world-economy-latest-uk-japan-fell-into-recession-at-the-end-of-2023
We are in recession. We have 0 economic growth despite massive deficits. Essentially, GDP = private expenditure +plus government expenditure + exports – imports. Trade surplus is 4 billion, covers the last two inputs, but with a deficit of 40-50 billion, private economy is shrinking by between 36 and 46 billion in 2023. That is a recession. US is in same boat. Economic growth of about 1 trillion total – 2 trillion deficit – 770 billion trade deficit = private economy shrinking by 1.7 trillion.
This will end suddenly and badly, 3rd quarter 2024 most likely.
Government expenditure should never be considered part of the G D P as all monies come from revenue created by business.
This is not a mystery. The high taxes raise input costs leaving Canadian firms unable to invest at the level of American competitors. Investment is key to productivity, the cost of government in Canada crowds everything else out.
That said, Canadians in their infantile, selfish mode want more and more from mommy government so they get the one they deserve. Shithole.
That is the feature of the socialist Liberals/NDP?: ‘I’m Canadian and somebody owes me a comfortable living’. The hard reality is that we only have as many ‘rights’ as we can afford. The dirty thirties are four generations ago, a distant memoty with hard learned leasons that will be a lot harder to relearn all over again.
“The hard reality is that we only have as many ‘rights’ as we can afford.”
Exactly. There’s an interesting correlation between the acceptance of Government “assistance” and the incremental diminishment of freedoms that our population either doesn’t get or, is not worried about.
It’s worse than that. Not only do too many Canadians think someone owes them a comfortable living, they also want to crush the very industries that make that even a possibility. Those Canadian voters are both greedy and immature. As the economy continues to collapse, their child like thinking will not allow to consider that they bear the lion’s share of the blame because of the foolish way they vote.
The most likely scenario is that the Conservatives win the next election and then make the painful decisions needed to fix the economic mess left by the Trudeau Liberal-NDP government. Once fixed, the voters in Toronto, Montreal and Atlantic Canada will once again vote in another socialist federal government that promises them freebies and wrecks the economy. They will go right back to their usual greedy and immature voting practices.
Better scenario is that Alberta and Saskatchewan finally give up and divorce themselves from the rest of Canada. Our two provinces are the only two not ranked near the bottom of the 60 North American states and provinces…and that’s with our economy being shackled by the rest of Canada. See chart:
https://twitter.com/MPelletierCIO/status/1732797274517107103
You are 100% correct. The best day was yesterday, today 2nd best and so on.
I guarantee you the Ottawa Bureaucracy/Consultancy is thriving and reveling in the wealth they’ve accrued these last 8 years.
And if anyone thinks a change in government will stem the tide, they’re dreaming.
If Washington is the Swamp, Ottawa is the Peat Bog – a great place to entomb enemies.
I practically quit. It took a few years to arrange things but I pared things down to only make enough income to house and feed ourselves. I’m not going to do anything more. Take everything give nothing as they say. Neither Canada nor Canadians deserve any better. I’ll never be employed again, I’ve ensured that too.
LJ
my initials heh heh.
l pursued your strategy to a T starting in 2007 when l got fed up being turned down umpteenth time for an apprenticeship.
l still figured l cd make a run at it at 57 if l worked past 65.
but it fell thru. l got kicked out of the Pathways intro course for ‘bragging’ and ‘showing off’ when l did 25000 X 34 in my head in a cpl seconds.
the clincher nxt day l offered to show the trick and that was it, l got voted off the island.
the trick was increase 25000 by a factor of 4, then subtract 2 from 34 get 32 and drop that by a factor of 4 so you get 100000 X 8, then add the 2X25000 back on
= 850,000
in my head. faster than tapping it on a calculator.
the fact l had the 1st year of the appreticeship already documented didnt matter a fart.
so be it.
so l made an appt with the shrink, got him to confirm the long term OCD diagnosis, piled my aspergers diagnosis on that and SUCCESSFULLY started CPP disability in 2008
and concentrated on my rooming house to make ends meet.
etc etc
What Poilievre should do is what Milei did: dramatically slash the size of gov’t immediately on taking office.
But we all know he won’t do anything of the sort. He’s not even going to defund the CBC, other than some symbolic cuts.
PP has his Laurentian marching orders. He talks a good game, but every politician has to pay back his benefactors.
And that means for the privilege of being PM, the system must remain relatively intact.
Government scaled back significantly?
CBC defunded and defanged permanently?
Taxes cut (carbon, specifically?)
The list is long of promises and wishful thinking. Will PP actually do what needs to be done or continue the CONservative policies of yesteryear of Boutique measures?
I want Blackie gone as much as anyone else, the Tyrant of a Lifetime, but, that lifetime has also shown me that every leader elected with great hopes, has turned out to be just another flip flopping snake oil salesman. One died just this week!
Placing one’s hopes in a politician to fix things is a fool’s game!
DanBC, “Placing one’s hopes in a politician to fix things is a fool’s game!”
Jeez Dan, Ain’t that the truth!
DanBC
A very uncomfortable read.
I live is mortal fear of having to concede to James MacMaster.
Generally I have always believed this but have cut out a small HOPE place for PP; I’ve never heard a Canadian pol talk this way.
YES, he has to get elected first which is why I’m not too much into big policy debates at this stage; more into brutal unrelenting attacks on Trudeau and the junior high school council government we are cursed with. But I’m gonna want some substantial root and branch changes and pretty quickly because of the dire state of the country.
Pollievre should do exactly that, but his first, last and in between thoughts will getting re-elected. Sadly he won’t have time to have seen Milei get re-elected. Might encourage him.
Canadas work force has lost the skilled middle class laborer.. They are all dead or soon to be dead.. Schools turning out participation morons.. New Canadians with any brains want high paying jobs.. No entry level training programs .. Temp help..
The small number of workers who know what they are doing are expected to do 6 jobs.. Nobody watching this wants that for themselves.. Phone it in and cry when it goes wrong.. We don’t even have a boss anymore, we have owners.. Who also hate their jobs.. They would rather be playing guitar and racing cars..
And we are going to fight a war are we?.. LOL
One of my macabre hobbies is watching the obits. So many of the 80 plus guys dying off were ‘jack of all trades’. Guess there will be a you tube video somewhere to replace them.
We were just in Atlantic Canada this past week. The hotel we stayed at was a nice hotel and evidently someone is paying for immigrant families to stay there. Almost all were of a certain belief system. Not sure if they are just there for a processing period or if they also receive language training but whoever is paying for it is paying a lot.
Meanwhile born and bred Canadians sleep in tents in the field across from the hotel.
USARN:
Province? Town or city? I grew up in the region.
Canadians: “This is fine.”
Canadians:” I was born on my knees and by golly, I’m gonna stay on em.
I read somewhere — and someone mentioned it to me the other day — that average GDP per person in Canada is below that of Mississipi, the poorest state in the US. If true that is a real shocker.
yes that is true. sad .
the liberals plan to spend and regulated us into prosperity
Don’t worry, we’ll be back on our knees in no time.
No Quarter For FILTHY LIBERALS.