On the social media site formerly known as Twitter, David Knight Legg vents about Dear Leader Carney’s penchant for even-more-Trudeauesque-than-Justin performative governing. Far more emphasis is put on the PR value of an announcement than on the common sense practicality of the thing being announced. And Carney is also starting to re-announce already announced “projects” as if speaking it aloud will magically manifest it into reality:
Canada’s major projects announcements are a national embarrassment — an economic “hostage release” program — that tells the world just how uninvestible Canada has become under the Liberal party.
1970s central planning Liberal govt arrogance is at an all time GDP destroying high.
Try naming another OECD nation (we’re at the bottom now) where the press waits with bated breath for a “dear leader” politician who has never built anything in his life to fly in to grant a bureaucratic benediction on a few projects his bureaucrats will allow past the gate of the caps, taxes, green rules and red tape his govt imposes on everything.
Idea: set up the Major Dumb Redtape office in Calgary instead and get rid of the 10 anti-business rules written into law by the Montreal green alarmist fringe that’s holding Canadian energy, ag, forestry, and manufacturing back while other nations grow …
But PM Carney seems to like his bureaucratic power over what used to be a leading free market economy. Even while our GDP grinds down to the worst in the OECD.
The arrogance is breathtaking.
So is the ineptitude. This same central planning genius just punched a record new $78billiom hole through our public finances because he can’t manage basic public service delivery without more crushing debt.
The budget is a train wreck solidifying the final year of a Liberal decade steeply eroding purchasing power, national wealth, personal security and living standards and public services.
The irony is that this has driven Canada to ever-greater 51st state economic dependency. Donald Trump didn’t do that. They did.
But he’s been a too-convenient way to con the elderly with “elbows up” PR.
But should the next generation really be forced to lend this govt another $78bn in addition to the 1 trillion they’ve already taken to fund their failed decade of central planning, green slush funds and EV mandates while real infrastructure projects wait years for the Liberal party to bless them?
It’s not going to last.
Fitch just questioned the sustainability of all this. Unlike our lacklustre press they aren’t buying “net debt” or “operating/investment” Liberal financial illiteracy.
I had high hopes PM Carney would return fiscal sanity to Canada after openly borrowing Conservative policies to get elected by cutting the carbon and cap gains taxes.
But this budget, this major projects farce and his inability to kill a dozen economy killing rules of his own govt is showing the work how uninvestible Canada has become — and it’s accelerating national economic decline.
2026 is the end of the Liberal lost decade. First recession. Then debt downgrade. Then an election. And Carney can go back offshore to his assets and all the other global investors who like him don’t invest in Canada under Liberal mismanagement.
@SteveSaretsky thx for the brilliant line chart as usual.
A day later, after his post got significant attention on the social media site formerly known as Twitter, he posted this follow-up:
This angry post I wrote a day ago got 300,000 views.
Canadians are tired of the fake “major projects” PR by the same people who prevented those projects for a decade with their green taxes and prohibitions.
Announcing the release of 7 hostage projects is a joke. Some of these projects aren’t major and most aren’t new. None needed the govt to do anything but get out of the way from the beginning.
All the several hundred major projects still in purgatory need is for this govt to reverse their anti-job and anti-infrastructure tanker ban, industrial carbon tax, emissions cap, and electricity regs.
Oh — and also clarify by law that in Canada property rights are not overridden by leftist judges and UN wishful thinking.
Then get out of the way so a couple trillion dollars can flow in, major projects can get built and the govt revenue will flow to better public services — and to pay down that debt they just added $78bn to.
