Here is Trudeau Seniors legacy, we can look forward to more of the same (only worse) under Trudeau - Lite
Trudeau's economic policy was a disaster
Let us list the economic results under Trudeau:
-The national debt rose 1,100% under Trudeau, from $18 billion when Trudeau
took office in 1968, to a debt that stood at $200 billion in 1984.
-Trudeau oversaw the worst peacetime inflation in Canadian history. $100 of
goods in 1968, when Trudeau took office, would cost $324.09 in 1984, when he
left office. That represents an annualized inflation rate of 7.63%. He
legislated wage and price controls.
-Unemployment nearly tripled under Trudeau, from just over 4% to peaking at
around 12% to falling just above 11% before Trudeau exited.
-Economic growth struggled in Canada under Trudeau. This is a combination of
Trudeau's statist expansion of the government into the economy and his
protectionist bent. His protectionist policies not only included the F.I.R.A.,
which killed investment into the energy industry in Alberta, but also included
the adherence to the status quo favoritism given to Eastern manufacturers. A
most famous example of Trudeau expanding the state into economy has to be the
National Energy Program. The National Energy Program controlled free market
prices, which caused the energy industry to be devastated in Alberta. The
economic growth in Alberta was destroyed. Albertan homeowners defaulted en
masse as they became unemployed and the value of their homes decreased - all
thanks to Trudeau and his N.E.P.
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retiredexec on the following article:
What's Trudeau's vision for Canada?
