October 21, 2015

Stephen Harper beat by Justin Trudeau

Conservatives across Canada are still stinging from the beating they got from "not ready" Justin Trudeau, leader of the Liberal Party of Canada and now Canada's 23rd Prime Minister.

So what now?

Well, for starters Trudeau is planning to deliberately run 3 deficits for 3 years in order to boost the Canadian economy.

This actually is the right course of action right now, as Canada has entered a "post oil collapse recession".

Stephen Harper (aka, Harper the Horrible, the former prime minister) basically put all of his eggs in the same basket - the Alberta oil industry. Harper basically bet everything on oil, the price of oil continuing to go up, and continued demand for oil from Canada's closest neighbour, the USA. However since then the price of oil has collapsed so instead Harper has been trying to ensure Canada's future by trying to build an oil pipeline to the USA, hoping that cheaper transportation of oil will keep his buddies in Alberta happy.

However the USA isn't buying the Keystone oil pipeline idea. Obama killed it with a veto, and Americans in general weren't happy about an ecological disaster either.

So Stephen Harper's plans for oil and riches were not going to pan out anyway.

Remember the old adage, don't put all your eggs in one basket? The idea is that you don't put all the eggs in one basket, because if you lose or drop the basket, you don't lose or break all the eggs. Well Stephen Harper did that. Invested everything in oil futures and then his dreams of oil pouring into the USA and money pouring into Canada were a complete waste.

Trudeau's plan calls for something much more stable and diversified. He is going to invest in manufacturing jobs. Building things. Airplanes. Cars. Roads. Construction. New homes. By focusing his attention on boosting the economy for Canada's beleaguered manufacturing sector he will be creating jobs in a sector that has been hard hit by NAFTA and trade deals with Asia, where products can be made for a fraction of the cost.

Boosting manufacturing in Canada means more Canadians buying products MADE IN CANADA and less reliance on products made overseas. It also means Canada will be shipping more products overseas and to the USA / Mexico, our NAFTA trading partners.

Manufacturing jobs are the backbone of a strong economy. Basing an economy on oil and mining sounds great if you are rich and own the oil fields or the gold mine, but it is manufacturing jobs that helps the middle class of Canada.

And that is really the reason why Trudeau won the election on Monday. The middle class of Canada has been neglected by Stephen Harper and are suffering. They voted Trudeau in because he is going to boost the economy for the benefit of the middle class - and impoverished Canadians will benefit too, many of them will make the jump from being "poor" to "middle class" as more manufacturing jobs are added to Canada's economy.

It isn't rocket science. It is economics 101. Stephen Harper evidently failed that course. See Stephen Harper has the worst economic record in 70 years.

Below, Trudeau tosses Stephen Harper in the trash.

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