Most wage earners would not be surprised to see a recession in the near future; for many, it’s already begun as prices have outstripped wage growth for many months.
Over 20.5% accumulated inflation over the past four years, government deficit spending has reached nearly $2 trillion annually despite record tax receipts and a growing economy, public debt has reached almost $36 trillion, and the monthly job figure includes an astonishing 43,000 new government jobs each month. In 2023, nearly 25% of all job gains were government ones, and the entirety of the growth of the labor force in the past four years came from foreign workers.
The Biden-Harris administration has left a massive time bomb for Trump and Elon Musk’s government efficiency office…
Anyone with even a modicum of financial literacy – and/or who was inclined to believe the heresy of their own eyes – knew that the Biden administration and permanent US technobureaucracy were cooking the books and blowing sunshine up everyone’s kilt before the US election cycle for all the obvious reasons and that an “oops”-type re-statement of many financial indicators was coming, esp. now that Trump has won.
Same thing in Canada re the Liberals. Watch for it.
In the near future? How about since 2020? Mind you, it is worse in Canada
Yeah, that’s what I was thinking. Just because they’ve been lying about it for three years doesn’t mean it isn’t happening.
Anybody try to buy a car recently? $50K! House? A megabuck! Butter? Seven bucks!
Similar to what Blackie is doing with Canada: they wreck the car by slamming the concrete, and right after that they start yelling that next driver can’t put out the fire.
I hear talk of ditching half of the government workers (that’s a start) and then proceed with
repairs. The Liberal/NDP coalition has made quite a mess of Canada too.
Hard decisions need to be made despite the protests. Incremental approach doesn’t cut it!
Nope. Sharpen the heavy axe and start swinging.
Chainsaw. The big kind, that comes attached to a logging machine.
Feller buncher.
Oh, as in forestry! I thought you meant a feller buncher in choreography, you know, the guy that musters the male dancers.
An economic reckoning is/was a given. Let’s hope the Trump administration navigates it on behalf of all Americans not just the connected and privileged. In other words, not a repeat of Too Big to Fail, which hammered Working America. Some never recovered.
“Over 20.5% accumulated inflation over the past four years, ”
Please!
When Trump was POTUS the first time gas prices were dropping and at 79 cents/litre.
It’s a $1.50 right now.
How in the…
Bacon and butter are double…
WTF!
I have a picture on my phone time stamped March 21, 2020. It shows a service station’s gas price of 71.9 cents per liter.
The Liberals will campaign on the fact that the CPC will cancel all their marginal half baked unaffordable programs that are not even Federal jurisdiction.
Dental (limited coverage), Pharma (2 drugs), Daycare ($10.00 for $200.00 daycare).
Of course they will be cancelled, they have never been costed and provincial responsibility anyway..
Gun buy back is another $Billion boondoggle to be cancelled.
All unaffordable.
All the bureaucrats Trudeau hired should be looking for a job too.
The Cons wont cancel the Daycare program. Thats kryptonite to their polling.
Pharma will be easy to terminate, since its early in the program, however, at a provincial level, they should be covering diabetics. If they’re going to fund the meth/heroin/fentanyl addicts………SMH.
Dental? Who knows, its a very limited need program.
On welfare? Got a union job? Work at all? Even small employers offer dental benefits, and yes, the fast food employers offer it too. Its a program that should be terminated too.
People cant afford a single checkup cleaning once a year for about $300? How much do they spend on booze, lattes and dinners out. I’ve seen it in my extended family…..oy vey!
They can cancel daycare by saying they will supplement provincial programs. How many federal bureaucrats are were hired for this provincial jurisdiction program, fire them all.
The big 4 ways to create chaos :
-economic crash
-war (including terrorism)
-disease (pandemic)
-organized mass social protests (color revolution).
I wouldn’t be surprised to see one or more of these big 4 used or attempted in the near future and then governments will invoke emergency powers. Hope I’m wrong.
Let’s ignore Trump (for just a second) and focus on 20.5% cumulative inflation. That is total crap. This is why the government tinkers with inflation numbers. Anyone holding cash or on a fixed income or at the margins of the economy has been badly hurt by the printing presses. Those of us holding assets (like real estate or even stocks) have done well, especially if we could raise our prices. Most people think that when inflation is coming down, prices are falling. It just means prices are rising less rapidly (still above 2% BTW). If you’re retired I feel sorry for you but only if you didn’t vote for this government. This is what happens when the government controls the economy.
The government doesn’t include food or energy prices in their inflation numbers. That’s ALL you need to know about the utter FRAUD of government statistics.
Perhaps that “structural” FRAUD is what made it so easy for our country to LIE about COVID … constantly.
Bingo. Because no one uses food or energy.
Amazingly, the definition of “recession” will return to what it was before Biden, surprising no one.