GDP STALL: More Weak Numbers Show Continued Failure Of Trudeau’s Economic Polices

After the massive amount of spending, for Canada to have such low growth is absurd.

The Trudeau government has spent a massive amount of taxpayer money, driving up our debt and deficit.

At times, an infusion of government spending – especially when it’s on tangible infrastructure – can be an economic boost, and can be helpful in the long-term if that infrastructure helps facilitate further economic expansion.

That means it takes a truly special kind of incompetence to run massive deficits and still have weak economic growth.

The latest economic numbers show that Trudeau’s economic policy has been a total failure.

Canada’s GDP ‘grew’ by a pathetic 0.1% in March, and the annualized pace of growth is just 0.4%. Meanwhile, the US is growing at 3.1%.

Making this such a stunningly bad number is that the government spent a whopping $14.9 BILLION in March alone. How do you spend that much money and have zero growth to show for it?

Total incompetence.

This is not just a temporary failure, but it has serious long-term consequences.

We now have nothing but economic stagnation to show for 4 years of budget deficits. Our taxes are up. Our competitiveness is falling.

Canadians will be paying the price for Trudeau’s failed economic policies for many years to come.

Spencer Fernando

Photo – YouTube

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Carol
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Carol

Praying all Canadians can finally see through this Fake PM. What a waste of 4 yrs.

Bob
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Bob

Canadians voted Socialist Liberal. They love credit and debt. They got what they voted for. Sad, very sad. Looks good on them.

Eric Blair
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Eric Blair

So this growth rate is for Canada as a whole but what is the growth rate by province? Something tells me Quebec’s growth rate is well above the average… even has a surplus.

Clive Edwards
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Clive Edwards

Just like Gordon Campbell, who screwed British Colombians and was rewarded with a prestigious international posting to Britain, or Brian Mulroney who was rewarded for screwing all Canadians with a vice presidency of American Express, I’m sure Turdo will get richly rewarded by the globalists he fronts for.

Shawn Harris
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Shawn Harris

Justin Trudeau still doesn’t or refuses to believe or understand the wise words of a great statesman, Winston Churchill, when he said, That any nation that proposes to tax and spend itself into prosperity is like a man standing in bucket and trying to pull himself up by the handle. Another Churchill quote that should be before Trudeau’s eyes permanently is, Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. What Trudeau sees as a virtue, the outrageous and massive borrowing and spending, designed to… Read more »

zee
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zee

He’s hoping to leave as harmful a legacy as his father but it took Trudeau the First almost 16 years to do the damage Junior hoping to do in 4.