"...Cda is resilient n our economy is recovering well from the COVID‑19 recession... Our GDP grew 6.5% in the 4th q, making us the 2nd strongest economy in G7. We have recovered 112% jobs lost because of the pandemic, compared to only 90% in the US".../2 bit.ly/3v39wHo
2/... Rebekah Young, dir fiscal n prov economics at Scotiabank...said the danger Freeland faces with budget lies in doing too much rather than too little. Any sort of fiscal stimulus that goes directly to Cdn households tends to be spent quickly, .../3
3/...especially by lower-income households," she said. "That creates more demand for goods and pushes prices up." ...The downside is inflation, which is running at nearly 6%." .../4
4/...What I see is, the sky is always falling n it's a chant mostly used by those who claim to be 'fiscally responsible' yet their turn in gov yielded Cda's hugest deficits - Mulroney n Harper. And, these same 'fiscal hawks' ... /5
5/...put money over the lives of the very citizens who would be filling up those coffers.😡
#COVIDIsNotOver moreover, those naysayers on the budget seem to forget that. They also easily forget history, the World Wars that Cda's budgets were inflated yet .../6
#COVIDIsNotOver moreover, those naysayers on the budget seem to forget that. They also easily forget history, the World Wars that Cda's budgets were inflated yet .../6
6/...recovered very nicely in a short period of time. We bought homes, cars, washing machines, etc. Wages matched goods n services costs. Then what happened? Thatcher/Regan/Koch Conservatism n Libertarianism - cut taxes for rich, increase taxes to the burgeoning middle-class.../7
Political ideologies n wholesale use of populism have destroyed our economies ruthlessly. We're seeing it at work against us all here n now. We need to build it back up n go forward not backward. So #IStandWithTrudeau n DPM/Fin Min Freeland to bring us to that future. #cndpoli
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