The video here was released today by the Liberal Party of Canada. It’s just over 7 minutes an in it, Liberal leader Justin Trudeau uses charts and figures to present his diagnosis of what’s wrong with Canada’s economy.
Laval University economist Stephen Gordon watched it and had these thoughts:
Is the LPC is going to continue to insist that PMSH is responsible for the global financial and economic crisis in 2008/9?
— Stephen Gordon (@stephenfgordon) February 18, 2014
JT on the middle class: "The people who live off their incomes, not their assets" What century is he talking about?
— Stephen Gordon (@stephenfgordon) February 18, 2014
JT on the middle class: "The people who live off their incomes, not their assets" What century is he talking about?
— Stephen Gordon (@stephenfgordon) February 18, 2014
You know what class of Canadians live off of their assets? Retirees, that's who.
— Stephen Gordon (@stephenfgordon) February 18, 2014
Andrew Leach is an energy and environmental economist at the University of Alberta:
Question for @JustinTrudeau – did any Cdn economists review econ video script? I love the medium, but some significant content issues.
— Andrew Leach (@andrew_leach) February 19, 2014
Kevin Milligan is an economist at the University of British Columbia:
https://twitter.com/kevinmilligan/status/435965328808366080
And here’s Western University economist Mike Moffatt:
https://twitter.com/MikePMoffatt/status/435831900247040000
https://twitter.com/MikePMoffatt/status/435831997437472768
https://twitter.com/MikePMoffatt/status/435832437684187136
Nice video. Subtle digs on the conservatives. Some mild half truths mixed with truths (well with-in acceptable politcal ethical bounaries), nice self promotion but still pretty lean on an actual plan…
At the 3:35 mark he talks about the debt held by the previous generation compared to today. He completely ignores the level of taxation. Maybe if our percentage of income taken in taxes wasn’t so high, we won’t be inclined to carry such a debt load. He then goes on to talk about the gov’t. ‘investing’ in the economy i.e. spend even more thus necessitating taxing more, thus crippling the middle class even more.
Try ‘investing’ less, pare down the social and business ‘investment’ programs and all their attendant bureaucracies giving room to lower our taxes and then the middle class would have more wiggle room.
BINGO!
Absolutely true.