Was It Something He Said and Did?

Justin can't help himself.

He was groomed for the role of dauphin. He was installed in the highest office of the land, an office from which he cannot be easily ejected (so, no democracy). He has heard nothing but adulation for his unaccomplished and unexamined life. 

His failures have become tiresome at the moment. He is confident that he can buy back the votes he needs to leech off of the Canadian taxpayer, or at least replace the current crop.

The country shall see:

“And we believe that using that strong economy to support Canadians in responsible ways is the best way to build the future. That’s what we’re focused on. We’re not focused on culture wars, on complaining that everything is broken, going off on strange tangents that, quite frankly, Canadians are scratching their heads about.”

He was referring to Conservative Leader Pierre Poilievre, who has seen success in the polls by making the case to Canadians that Trudeau has left people poorer and less safe than they were a decade ago.

Poilievre has said this retreat is just a “reward” for cabinet ministers who have made Canada worse off.

 

Indeed!:

• The federal government continues to rationalize its debt-financed spending based on international comparisons showing Canada with the lowest level of debt in the G7.
• Of the two broad measures of debt, gross debt includes most forms of debt while net debt is a narrower measure that accounts for financial assets held by governments.
• By using net debt as a share of the economy (GDP), Canada ranks 5th lowest of 32 countries and lowest amongst the G7. By using gross debt as a share of the economy, Canada falls to 26th of 32 countries and 3rd lowest in the G7.

**

The unemployment rate in Canada was 6.4% in July of 2024,remaining unchanged from the January 2022-high in the previous month and below expectations of 6.5%. While it was better than market forecasts, the result still suggested that Canada’s labor market continued to show the softening that was forecasted by the BoC’s Governing Council in their latest rate cuts. Net employment fell by 2,800 to 20,513,600, a second straight decline, and contrasting sharply with expectations of a 22,500 increase. Still, the number of unemployed fell by 8,600 to 1,398,500 in the period. This aligned with a 0.3 percentage-point drop in the labor force participation rate to an over-two-year low of 65%, the lowest sine 1998 when excluding pandemic shocks, and preventing a rise in the jobless rate. The unemployment rate rose for young men (1.3pp to 16%), remained loosely unchanged for young women (12.3%), and fell slightly for both core-aged men (-0.3pp to 5.3%) and core-aged women (-0.2pp to 4.9%).

 

 Need I go on?

 

What Justin will never counter is the fact that Pierre Poilievre is right: the country is definitely economically broken and no amount of distraction will change that.