Kelly McParland: Economy set to surge but Trudeau Liberals are going to borrow billions anyway

by Bank of Canada deputy governor Lawrence Schembri, Canadians lost about $1,600 per person in labour income due to COVID. But, thanks to Prime Minister Justin Trudeau’s borrowing and spending prowess, everyone over 15 gained about $3,400 extra in fiscal support. Since they were mostly locked up at home, they socked the money away and are now sitting on about $180 billion in savings, or $5,800 each.

Think they want to spend it once they finally get their release? Travel, go to a restaurant, take in an actual sporting event? Gee, could happen I guess. Which would be another big boost for an economy that sounds so pent up it’s got steam coming out its ears. What Canada is anticipating, if all these signs are accurate, is a Ferrari at a starting line, revving its engines in anticipation. And a finance minister who thinks now’s the time to attach a set of booster cables.

Those of us in the news business are not renowned for our economic skills, of course. If we were, we’d get jobs in real estate and make some real money. The C.D. Howe Institute, on the other hand,.

Don’t expect Freeland to pay much attention. On the weekend the finance minister was listening to different voices, those of Liberal party members gathered in virtual convention to prepare for the election Trudeau keeps insisting he’s not planning to call. As is usual, a collection of policy proposals were raised, having been culled to

HA HA HA HA HA HA HA HA! NP thinks the GOC takes out a bank loan whenever it needs to spend $200 billion! What bank can lend $200 billion to the GOC?!

Trudeau spend what must be spent to get us back on track

Modern monetary theory: 'Don't worry, we can just print money. We don't actually have to earn anything and we will never run out!' Now in the private sector, that's calls counterfeiting. But when government does it? Its a solution to its debt and economic problems. 🤣

Trudeau could purposely tank the economy and still leave Canada in better shape than any Conservative government. I bet you let that reality out of your “story”

Driving Canada into financial ruin.

It's election season

The economy will not surge until Toronto is opened.

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Source: nationalpost - 🏆 10. / 80 Read more »

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