When It Comes To The Canadian Lib-Con Political duopoly Liberals are still Winning, The Canadian Economy Hasn’t Crashed…Yet! – March 9, 2020,
There are pros and cons to Keynesian economics, the pro is the ability to kicking the economic can down the road, the con is explaining that Governments doesn’t manufacture cans! So, Canada is approaching a plethora of economic problems and it’s clear that the mainstream media is looking for a scapegoat in the event the Canadian economy suffers a downturn.
Personally I think the private media has the right to push whatever ideology they deem fit, being that the Leftist media in Canada is lockstep with Justin Trudeau, Canada’s leftist mainstream media, is already trying to shift blame to external sources. This is just the games media organizations play and what Canadians need to recognize is the disasters Trudeau has brought on this country. Trudeau spent the rainy day fund during prosperous times, Trudeau has done less for the Canadian economy spending more money than Stephen Harper, Stephen Harper shrunk the deficit, while Trudeau grew it, Harper lowered taxes, Trudeau raised taxes and what appears to be happening in Canada right now are challenging economic issues that tend to happen when you’re in debt.
Even if you’re in personal debt, you’ll notice that bad unexpected things happen while you’re already in debt, which often compounds the problem. So this is why smart people only go into debt they know they can easily payback. Well, unfortunately for Trudeau, the deficit spending he’s done, like investing in the mainstream media, for example, has no payback.
Bailing out Canada’s mainstream media is basically burning cash, sure I assume the people the mainstream media hire will pay taxes and build infrastructure, but they’re getting their asses kicked by small media startups, which is an indication that maybe these mainstream media companies should change their cost structure. There are tons of stories Canada’s mainstream media simply ignores because those stories either don’t fit their narrative or are beneath their staff to report on.
I mention this because Canada’s manufacturing sectors are suffering and there’s the potentiality that they could suffer more in the years to come.
Alberta economy, reeling from coronavirus, takes gut punch due to oil price war | nationalpost.com
When it comes to bailing out manufacturing, it’s not as easy as bailing out media, because when it comes to manufacturing anything, investors look at the long term, based on government policies will my investment into Canadian manufacturing be worth it with all the added regulations and taxes? When a government invests in infrastructure, the investment should revolve around helping manufacturing companies to make things the world needs. Trudeau’s method for investing in Canadians is adding more bureaucracy to the manufacturing process, oil aside a carbon tax is an additional burden to manufacturing companies all over Canada.
Although people are talking about Alberta, the truth is all of Canada might experience a rude awakening, when Trudeau’s policies during good times begin to stifle economic growth during the bad times.
Federal government ‘dragging its heels’ in helping province, Premier Ford says | CBC
With that established, understand the damaging effects of Keynesian economics, the problem with Keynesian economics is the same problem with socialism, which is that it works for a period of time and when it stops working people want a return to the good ole times, not understanding that these good times we’re living in now will have to paid by us in a variety of different ways in the future. You see time flies by when you’re debt, then one day you wake up and all the public services you loved during the good times are there like they used to be during the bad times.
Now, obviously, if you’re ignorant to how your public services were paid for, you’d assume that your entitlements were guaranteed to infinity and you’ll also assume that politicians can make things like they used to be, not realizing that your financier the private sector was the entity that made your life better can no longer make a profit in Keynesian-Socialist utopia!
The problem with socialism and Keynesian economics is that people forget that it’s MARKET-BASED pricing and private sector innovation and labour that pay for public services and if the government creates an economy that excludes the profit motives of the private sector, the profit-making sector will shrink in size and take its money with it. Worst of all the believers in Keynesian economics and socialism will assume their Liberal-Socialist leader in this case Justin Trudeau can make everything better again without Austerity measures! The people who believe in Socialism will vote to protect the big government in hopes that they can make things like they were. Be prepared Canada, challenges could be approaching!
338Canada: The Conservatives can’t crack Liberal support | macleans.ca
Interesting times ahead!