Thread by @gilmcgowan

Jason Kenney is an economic illiterate. On one hand, he says we need to bring back economic growth to save Alberta. That’s true. But on the other hand, he wants to slash public spending by 20 percent during a recession. That will suppress growth, not promote it. #AbLeg #abpoli

https://twitter.com/BloombergLive/status/1316104739025825796

Almost every jurisdiction in the world understands that this is NOT the time for budget cuts and austerity. In fact, the IMF recently concluded that public sector spending is the BEST way to spur economic growth in times like these.

https://twitter.com/gilmcgowan/status/1316017099756564481

In case you can’t read the small print, it says that increasing public sector spending by 1% increasing economic growth by 2.7% (which is a huge return on investment). In other word, Kenney wants to do exactly the OPPOSITE of what’s needed.

Kenney’s arrogance and his stubborn adherence to discredited right-wing economic dogma is going to turn a punishing recession in our province into a full-blown depression.

And yet, Kenney continues to swagger and bluster. No other serious leaders anywhere in the world are doing what he’s proposing to do, but he pretends that he knows better. He doesn’t. And we’re all going to pay the price for his arrogance and ideological blindness.