Western Standard - August 13, 2024


Poll finds Conservatives have one point lead in Quebec; 20 point lead in Canada


Episode Stats


Length

5 minutes

Words per minute

138.68924

Word count

759

Sentence count

51


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

After nine years of Justin Trudeau, the numbers show that Canadians are struggling. A wide range of economic indicators all point to the same conclusion. Canadians are worse off and poorer under this NDP Liberal government. The Liberals' Budget 2024 is another debt-increasing disappointment.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 After nine years of Justin Trudeau, the numbers show that Canadians are struggling.
00:00:04.100 Foodbanks Canada warns that this country is at a turning point as poverty and food insecurity
00:00:10.160 worsen in every corner of the country.
00:00:13.140 So if you look at GDP per capita, that's falling.
00:00:17.380 So on a per capita basis, we're definitely in a recession.
00:00:20.140 This is just part of the line outside of Toronto Foodbank today,
00:00:23.540 where thousands of clients will shop this week, a number that keeps going up.
00:00:28.420 A wide range of economic indicators all point to the same conclusion.
00:00:32.620 Canadians are worse off and poorer under this NDP Liberal government.
00:00:37.820 The Liberals' budget 2024 is another debt-increasing disappointment.
00:00:42.980 Trudeau continues to pour fuel on the inflationary fire,
00:00:46.660 with $60 billion in new inflationary spending in their most recent budget.
00:00:52.640 Canada's debt servicing costs will be $54 billion this year,
00:00:56.600 and this will rise even more.
00:00:59.160 Just imagine what the government could do with these funds.
00:01:02.440 As it stands, these debt servicing costs are more than what the government sends to the provinces for health care.
00:01:09.500 The budget also shows that the government raised $51 billion in revenue from GST last year.
00:01:17.100 This means that when a person pays the government, GST, on anything,
00:01:21.400 it will not be used to pay for roads, health care, or armed forces, or any other priorities.
00:01:27.480 Instead, it will be used solely to pay the interest on the government debt.
00:01:31.900 My Conservative colleagues and I have demanded that Trudeau provide a path to balance,
00:01:38.240 so that Canada can bring down inflation and interest rates sooner.
00:01:43.100 My Conservative colleagues and I will vote against this Liberal government's ninth deficit and debt budget.
00:01:50.240 Canadian productivity has reached dire levels under this Liberal government.
00:01:54.140 A country's productivity means quality of life for its people.
00:01:59.120 After nine years of this NDP Liberal government,
00:02:01.560 Canada's productivity and Canadians' quality of life are down.
00:02:07.360 The OECD expects Canada to have the slowest growth in per capita GDP
00:02:12.820 among its 38 member countries over the next 40 years.
00:02:17.100 Per capita GDP in Canada has now significantly fallen to just 73% of U.S. levels.
00:02:25.520 Six quarters in a row where the Canadian GDP per capita is down.
00:02:30.220 And CapEx, capital investment outside of houses,
00:02:34.320 is also down per capita for the last few years.
00:02:37.580 That's not good.
00:02:38.980 Data drawn from Statistics Canada and the International Monetary Fund
00:02:43.760 show that Canada's GDP per capita fell by 3% within the last four years.
00:02:49.860 This indicates Canada's economy is not flourishing
00:02:53.080 and that the standard of living of Canadians has decreased.
00:02:57.260 The numbers are jarring,
00:02:59.580 given that the GDP per capita of the United States
00:03:02.120 increased by 7% within the last four years.
00:03:06.180 A low GDP per capita is associated with lower income,
00:03:10.780 greater poverty, and lower quality of life.
00:03:13.760 Canada's drastic drop in GDP per capita
00:03:17.320 shows again how Justin Trudeau is not worth the cost
00:03:20.260 of his economic vandalism.
00:03:23.960 One of the most upsetting indicators recently released
00:03:26.380 have been those that measure poverty.
00:03:30.320 Foodbanks Canada's Poverty in Canada report,
00:03:33.860 released this May,
00:03:34.940 shows poverty has skyrocketed under Trudeau.
00:03:38.420 According to the most recent numbers,
00:03:39.840 the official poverty rate has climbed to 9.8%.
00:03:43.400 This is a significant increase from 6.4% in 2020.
00:03:49.340 Foodbanks Canada purports the number of Canadians living in poverty
00:03:52.920 is actually much higher than these numbers,
00:03:54.900 and they state that 25% of Canadians are living
00:03:58.460 in a poverty-level standard, according to their measures.
00:04:01.400 Even more, this number rises to 30% for Canadians aged 18 to 30
00:04:08.460 and a 44.5% for single-parent households.
00:04:12.020 Because of these numbers,
00:04:14.020 Foodbanks Canada dropped Canada's score for poverty measures
00:04:17.960 to an F in their most recent annual review.
00:04:21.960 These findings have also been affirmed by other organizations.
00:04:25.020 Research from the Salvation Army showed that nearly 75% of Canadians
00:04:29.020 faced challenges managing limited financial resources.
00:04:34.100 Their report also stated that 25% of Canadians continue to be extremely concerned
00:04:38.860 about having enough income to cover their basic needs.
00:04:43.840 In addition to these instances of increased poverty,
00:04:47.140 unemployment is also high and is predicted to continue to rise.
00:04:52.240 These indicators regarding poverty are troubling
00:04:54.720 and shows how the economic outlook for many Canadians has deteriorated rapidly.
00:05:00.720 Justin Trudeau has spent the last nine years doing damage to Canada's economy.
00:05:05.060 People across Canada are feeling the very effects of his economic vandalism.
00:05:10.720 Common Sense Conservatives will reverse his damaging decisions,
00:05:14.640 cut his costly taxes and bring home an economic plan
00:05:19.180 so that Canadians can afford to heat, feed and house themselves.
00:05:24.720 Commitment Inc.