Summary
Trudeau likely to step down sometime to up/during this summer due to unpopularity. Wants to avoid being the leader of the Liberal Party who will likely face a massive loss much like the Progressive Conservatives in
1993 Federal Election.
Recent budget has been panned by the
former Bank of Canada Governor, David Dodge, who predicted that it will hurt the economic and discourage business investment.
Servicing of the federal debt (
estimated $54 B) now outstrips the money spend on health care.
Current generation is not better off than their parents due to high inflation, high housing costs and stagnant economy.
Current gov't is out of touch with ordinary Canadians. Sudden realization that Canadians are deeply concerned about inflation, lack of housing and high cost of housing.
Over regulation burden.
Capital gains tax will increase taxation burden on the middle class, small businesses.
Centralist Liberals have been retired/removed from the ranks and the activist (left of centre) have taken control of the party thereby not letting the party to move back to the centre.
Like many Canadians I foresee a rather bleak economic future due to the overspending policies of the current LPC which the next gov't (most likely CPC) who probably will:
- try to balance the budget
- reduce the PS and the number of cabinet ministers
- try to encourage and induce investment in the economy to promote growth
- temper any expectations of the public for a quick fix and most likely promote a message of short term pain for long term pain much like PM Chretien's message when he slashed gov't spending to balance the budget in the mid-1990s.