Let’s do a comparison between the economic record of the new provincial NDP in Alberta versus the long-term Conservative Government in Ottawa.
First, the federal Conservatives:
As Gwyn Morgan, a respected business man and former Albertan wrote the other day in the Globe and Mail: “One of the most egregious examples of failure to present perspective came in the aftermath of the Parliamentary Budget Officer’s report that the federal government’s forecasted $1.4-billion surplus for the 2015-16 fiscal year may turn into a $1.5-billion deficit….NDP Leader Tom Mulcair told reporters, ‘The Conservatives have always talked a good game on the economy, but they’ve never delivered on either.'”
Never delivered? Talk about Mulcair’s hyperbole! The reality is that Canada has been a stable and secure country for nine years now. As Morgan explains, what Tom Mulcair was talking about is $2.9 billion out of a $890 billion budget — which is 1%.
Not what we would hope for of course, but the world around us is struggling to compete in a global economy and there have been far too many financial meltdowns, as in China and Greece. Yet, even with that reality all around us, Canada now has a balanced budget and the lowest debt level in the G8 — no matter how Mulcair and media like to spin it.
Then, there is the fact that our trade deficit with the U.S. is narrowing because of our lowered loonie. (H/T NewsWatchCanada) That is excellent news as you can read on this CBC website, a narrowing that very much helps Canadian exporters.
Now, regarding Alberta’s NDP:
Ezra Levant at therebel.media is reporting today that the Alberta Oil Sands financials came out yesterday. What do we learn? Last year the sector made $176 million. This year, in only 90 days, that same sector lost $128 million. So, did they lose that money due to reduced oil prices? No, they lost that money because of NDP Notley tax increases — to the tune of $120 million.
The crux of the matter:
So, it doesn’t take much imagination to know what is happening to Alberta’s resource economy can be duplicated across the country by the federal NDP. Without so much as tabling a budget or fiscal update, the first thing the Alberta NDP did was raise taxes — because, as progressives, they think they know what is best for you, your family and your business. Well, as we are now finding out, they don’t.
In fact, the only political party that seems to understand how to manage Canada’s economy during good times and slow downs are the Conservatives.