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?
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.
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