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    Vielleicht waren die Kanadier das Problem, nicht Trudeau


    Vielleicht waren die Kanadier das Problem, nicht Trudeau

    https://www.theglobeandmail.com/investing/markets/inside-the-market/article-maybe-canadians-were-the-problem-not-trudeau/

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    6 Comments

    1. agmcleod on

      Ah can’t read article to contribute more informed, but part of the job as being a leader is accepting responsibility. The economic situation isn’t all his fault, it’s more global. Part of a short comings have been around for much longer than he has, but I also feel like he didn’t try to move the needle on these issue either. They did some good things, but definitely fell down on being a more transparent government. People were worried about the immigration numbers, they said nothing for years. They haven’t come out with a plan to help housing.

    2. stephenBB81 on

      >Say what you will about the outgoing prime minister, but household wealth grew nicely under his watch. (Median net worth for economic families and persons not in economic families, in constant 2023 dollars)

      >

      He did this by never doing this

      >

      >he never put forward a coherent plan for addressing Canada’s dysfunctional housing market. He kept saying he wanted to make homes affordable for young buyers while simultaneously insisting that home prices had to remain high to ensure the net worth of older Canadians wasn’t hurt. His equivocating blather impressed no one.

      The Canadian people have the highest personal income to debt ratio in the world, largely because of our terrible housing policy and how easy it is to borrow against your house in Canada.

      So yes Canadians are a problem, we really aren’t trying to get ourselves out of our problems. But Trudeau fanned the flames of things that are wrong with our systems and sure didn’t do anything meaningful to address root issues in Canada.

    3. hippiechan on

      “Am I out of touch? No, it’s the voters who are wrong”

      I fear that Liberals in Canada are falling into the same self-laid trap that the Democrats fell into a few months ago whereby all their inadequacies and failures to improve the lives of everyday people are obscured by their inability to self-reflect on their politics and their failure in measuring outcomes for well-being.

      In particular, not sure if it’s mentioned in this article (can’t help but note the irony of a historically Liberal rag having a paywall around it’s defense of Trudeau) but the typical refrain in the US was that “GDP is up, employment is up, and inflation is down”. The average person however knows that GDP growth doesn’t mean anything in an economy where wealth doesn’t trickle down, employment being up doesn’t mean anything when those jobs don’t pay a living wage, and inflation being down doesn’t mean prices went down after a year of rapid inflation pushing 10%.

      Sooner or later, the LPC has to come to terms with the fact that what they’re campaigning on doesn’t hold traction with the majority of the country, and that they are not adequately representing Canadians because the party members themselves are too disconnected from the status quo that they cannot understand it, so how would anyone expect them to fix it?

    4. sabres_guy on

      We weren’t the problem. We aren’t the problem, but we didn’t see that Trudeau’s expiry date was 2021.

      Trudeau became the problem in 2022 and on. Too much not paying attention to ramifications of choices and flying too close to the sun on immigration, international students and TFW’s and not tightening finances.

      Less immigration and other related things in 2022 on and showing tightening of finances and Trudeau and the Liberals would be looking at a closer race right now instead of decimation and subjecting us to today’s brand of conservatism that many of us will have buyers remorse on.

    5. mukmuk64 on

      The main thrust of this comes from the included graph that shows that Canadian productivity has always sucked. Sucked under Harper. Sucked under Trudeau. Sucked before Harper too and will probably suck after Trudeau.

      Point being is that there are deep structural reasons for the way things are that all Prime Ministers have been too timid to tackle. The boundaries are placed on them by the electorate, but I would also say established wealth and corporate interests.

      The other takeaway of course is that the recent shrill pointing at bad productivity by the right wing media is a cynical tactic at pumping the tires of their own candidate, trotted out when they want to move the electorate and ignored otherwise.

    6. UnionGuyCanada on

      All of these articles ignore the one glaring fact, inequality is at record levels in Canada. There is plenty of money being made, just only by the ultra rich. They have their REITs to hide their investment properties in, they have numerous tax havens, unrealized gains and on and on.

      All while the businesses they own squeeze out anything like a small business and crush all competition. It is not a level playing field. Look at every strip mall, the same stores, the same restaurants, all owned by huge corporations. There are companies that own dozens of chain restaurants, virtually monopolizing the options between a few big corporations.

      Change our tax laws to properly tax big business and their rich owners, then use the money to rebuild our country. Only one party is even running on this though, and the NDP will not get a nice thing said about them by any media, other than Layton would have won, if he was still around.

      I was around when Layton was and there was not a chance he won, so this is just trying to change the reality.

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