Albertan Oil and Gas under attack, Trudeau’s Carbon Tax, and now C.D. Howe’s Business Cycle Council says Canada has entered a recession – May 1, 2020,
So, the last thing Canada needs right now is a recession, regardless of what caused the recession, a recession is a recession and whether you’re the Prime Minister of Canada or the President of the United States, where you’re Liberal Democrat or Conservative Republican, every world leader with half a brain comprehends that the only way out of a recession is Capitalism, the problem with a free market and Politics are the promises a politician makes to their voters.
If let’s say Donald Trump promised to make America great again but cutting regulations and lowering the cost, but when a recession hit, Trump did what FDR did which was make added regulations and made the cost of living go higher, his voters wouldn’t care about he said they’d turn on him for what he actually did. The same is true in Canada with Justin Trudeau.
C.D. Howe’s Business Cycle Council says country has entered a recession | NationalPost.com
I’m not a fan of Justin Trudeau, but I’d never accuse him of orchestrating COVID-19, he’s a victim of COVID-19, but you see that doesn’t really matter anymore, what matters is that Canada has entered into a recession according to C.D. Howe’s Business Cycle Council and part of the promises Trudeau made to his voters was to raise taxes with things like the carbon tax, add more regulations to the Canadian economy, grant more Canadians access to welfare services, open the borders, to bring more lower-skilled workers and welfare consumers into Canada while at the same time cutting the head off of Canada’s golden goose which is our Oil and Gas sectors in Western Canada.
How Alberta could give old oil wells new life — but it has nothing to do with crude | globalnews.ca
Justin Trudeau via the media he helped to bail out has been for the most part very supportive of getting of Canada’s most reliant HIGH SALARY PAYING private-sector employer, which by the way is a major contributor to income taxes in Canada, which pay the bills of the public sector and contribute greatly to equalization payments.
This entire sector that has been responsible for paying most of the bills of Canada’s public sector has under Trudeau’s watch been demonized and frowned upon by Canadian Leftists. Furthermore, Leftists in Canada, don’t seem at all bothered by productivity levels in Canada plunging while at the same time Justin Trudeau’s deficit spending increases.
During a recession, regulations and the culture that was created prior and during the implementation of those regulations, often creates a sense of not only entitlement amongst citizens but also a feeling that they do not want to return to the times past and instead want to focus on the future.
For most Leftists in Canada, their future is green, they assume that green energy will funnel money to the government the way oil and gas, they assume that there won’t be much of a decline in their standard of living, they assume they won’t have to make any sacrifices, they also assume that when oil and gas are gone that money will magically start flowing into Canada in support of our green energy initiatives.
Well, I follow Germany and one of the things that’s happened to Germany as they’ve phased out fossil fuels is that Germany has become heavily reliant on RUSSIA! In Germany, their leftists hate Nuclear energy, and therefore would rather have natural gas come from Russia than produce clean nuclear energy locally.
A reminder that Germany has done the best job worldwide with Solar and Wind but it still hasn’t worked, Germans still need fossil fuels to fund their always booming manufacturing sector, now in Canada, we have more land than German and manufacturing sector is minuscule in comparison to Germany.
If the idea for Canadian energy leftists is to go green, I hope they comprehend that Green energy is undeveloped and based on what I know, when green energy is developed, it’s not going to be very profitable. As an example, fossil fuels are financing Canadian retirements, even if the company your retirement fund is reliant on isn’t invested in fossil fuels, chances are fossil fuels are derivative of your retirement income.
If that income disappears, let’s just say, you’ll want to be in contact with Retirement fund manager.
Oil and beef: Expert says Alberta must diversify as major industries hit by COVID-19 | CBC
Lastly, as it relates to a recession, Alberta already tried to diversify it’s economy and failed, the tech sector is extremely competitive and as technology expands, people in the tech sector have infinite possibilities as to where they can live.
Being a software engineer now, as a government, you have to appeal to software engineers with something of benefit and if what software engineers are being told is that the government will be responding the will of people who know little about market dynamics or people who have ideals that aren’t profit-driven, what the end result will be is a continual brain drain, which means that the engineers who remain will worthy of higher pay and more perks.
Skilled tradespeople run the world, politicians control adolescent minds, during a recession, children must be fed and if the government can no longer feed them, they will find a way to eat and recessions often create black markets and organized crime.
Whenever the government says people can’t do something, people start finding creative ways to break the law. Regulations sound nice until there’s an economic downturn, if the Albertan oil patch is really being phased out, the government better get to work on what will be phased in and whatever is being phased in by these central planners better pay the bills like the oil patch once did otherwise, well… let’s hope for the best!
Alberta already tried to diversify her economy—and failed | fraserinstitute.org
Interesting times ahead!