Trudeau’s Virtue-Signalling Budget Leaves Our Economy More Vulnerable In An Uncertain World

With no plan to deal with the potential end of NAFTA, no response to tax cuts in the US, and even more debt, the Trudeau government is making our economy less competitive and far more vulnerable.

There’s a widespread consensus that Trudeau’s 2018 budget is really a campaign document, designed to virtue-signal in an effort to win votes.

However, that focus on virtue-signalling by throwing in all the politically-correct buzzwords of the day (gender-based etc…) ignores what our economy really needs.

We live in a world that is increasingly dangerous and uncertain, with ruthless regimes like China’s Communist government seeking to dominate the global economy and buy up as much of the world (and Canada) as they can.

Meanwhile, we face serious competitive pressure, even from our close friends in the US who have enacted job-boosting tax cuts, and our energy industry is being strangled by the government.

Already, we are seeing the consequences, as manufacturing jobs at multiple companies have shifted out of Canada and into the US, and the collapse of investor confidence in the energy industry is costing us tens of billions in investment.

Finally, with interest rates going up, adding to the debt through budget deficits of choice is a reckless move.

So, with all the above in mind, it’s obvious that the goal of the 2018 budget should have been the following:

Cut the bloated government bureaucracy to decentralize power and save billions in bureaucratic salaries, which would reduce federal spending and get the budget moving quickly back towards balance (which requires only minimal spending restraint).

Eliminate the carbon tax to make our businesses more competitive.

Impose restrictions on foreign takeovers (especially by China’s communist party) to protect Canadian ownership and stop us from becoming an economic colony of foreign nations.

End the regulatory attack on our energy industry.

Those are four very simple things that the budget could have included, and they would have at least started reversing the deterioration in our competitive position.

The budget included none of it.

Instead, we got a virtue-signalling document, meant to evoke feel-good vibes.

Meanwhile, our debt gets bigger, our companies are strangled, foreign countries take more of our businesses away, and “Made In Canada” becomes increasingly rare.

Sooner or later, everyone needs to realize that political correctness can’t pay the bills.

Spencer Fernando

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Allis Chalmers
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Allis Chalmers

They will destroy us as a country

Wendy Lush
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Wendy Lush

From the CBC: “Women around the world will also benefit from today’s budget, which adds an extra $2 billion over five years to the Feminist International Assistance Policy envelope. Details about the funding are to be announced in the coming year, but recent projects have focused on girls’ education, improved access to family planning and supports for local women’s organizations. The feminist-focused aid policy was launched last year. By 2021-22, at least 80 per cent of Canada’s international assistance will be aimed at reducing poverty through programs that advance gender equality and empower women and girls.” http://www.cbc.ca/news/politics/federal-budget-2018-main-1.4552933 $2 Billion of… Read more »

Kevin
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Kevin

Justin and Brian Mulroney seem to be connected somehow? Backroom boys and girls? In politics, business? After Brian Mulroney became Prime Minister after he danced with separatists some say, some senior staff were told to get the American Express card? Many asked why that company, why that card? Then Brian brought out the GST, and he brought out Free Trade? Now if factories were to leave Canada under free trade, then Brian just like the Trudeau’s needed tax revenues to pay for a bloated bureaucracy…that took in a lot of taxpayers money. Justin’s Dad made the county bilingual, bicultural…even though… Read more »

Jen
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Jen

As ruthless as Justin Trudeau was in accusing India of the ATWAL situations ‘trying to disrupt’ that nation for his own voting bank in Canada is as ruthless to continues to even destroy his own country his citizens livelihood for the sake of his selective voting bank. BTW Spencer, read this: Ministry of External Affairs, Government of India Official Spokesperson’s response to a query on invitation to Jaspal Atwal February 28, 2018 In response to a query regarding invitation to Jaspal Atwal, the Official Spokesperson Raveesh Kumar said: “We have seen the recent exchange in the Parliament of Canada regarding… Read more »

Xiat
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Xiat

Inflationary environment exaggerated by Liberal policies will eliminate this pesky middle class in Canada.

tTommy Hawk
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We all know (or should know) by now that this person is leading this country down a very dangerous road — socially, financially, militarily, religiously, and in our system of justice. Nothing he has done (or has intended to do) has been for any benefits to the country. In fact, I think if someone were to put all of his actions and decisions under scrutiny, one might easily find reason for a charge of treason — as laid out in the C.C.C. Even assuming that to be the case and assuming it should go forth, is there a lawyer in… Read more »