Are voters ready for Tim Hudak’s gamble?

By targeting jobs, the PC leader has embraced the stern-father role. Is that what Ontarians want?

Nathan Denette/CP

Nathan Denette/CP

This time, there will be no confusion. When Ontarians—or, more accurately, the 50 per cent or so of eligible voters who will actually budge from their Barcaloungers—head to the polls on June 12, they won’t wonder who Tim Hudak is, or what he stands for. The Progressive Conservative leader has staked his future on a campaign vowing to slash billions in spending to balance the provincial budget and remove 100,000 workers from the public payroll, should he be elected. And he’s made a single, overarching promise that all the tough love and tax cuts will spur an economic rebound that will create a million new private sector jobs over the next eight years. “I think our campaign is crystal clear. What we need right now is someone who is going to think about job creation, day in, day out,” Hudak says between sips of pineapple juice in a Toronto restaurant. “It’s not going to be easy. There are going to be sacrifices, but once you get through it, there are going to be benefits for all of us.”

Those advantages, it’s fair to say, are what he has been trying his hardest to peddle to voters since the writ dropped in early May. Everywhere the 47-year-old goes, he stands before a large blue backdrop emblazoned with his grammar- and punctuation-be-damned campaign slogan, “Million Jobs Plan: Ontario. Working. Better.” It’s also painted on the side of his big blue bus, the one Tory staffers have dubbed “the Million Jobs Express” but reporters exult in calling “the Fired Truck.” It’s really the only theme in his campaign ads, which feature happy children, wistful out-of-work Ontarians and clips of Hudak thundering away about the need to do better.

But his opponents, the media, and those members of the public who are actually paying attention to the spring election remain stubbornly focused on the other side of the equation. His pledge to trim the public service back to 2009 staffing levels—all the while protecting the jobs of doctors, nurses and police officers—has raised fears of everything from larger school classes to cuts to basic services such as fire protection and water treatment. (The Ontario Federation of Labour has been stoking the anxiety by estimating the impact on individual municipalities—7,116 job losses for London, 2,457 in Barrie, 137 in Hawkesbury, etc.) Moreover, the math underpinning Hudak’s million-jobs promise has come under attack from a number of independent economists who say the Tories have overestimated the effects of their plan by six to eight times.

Related:

Hudak’s decision to embrace the stern-dad role was the product of much soul-searching. In 2011, his first kick at the electoral can, he went into the campaign carrying a big lead in the polls, only to see it ebb away as voters failed to warm to him or his “Changebook” stuffed with centrist promises. Where the old policies weren’t coherent, comprehensive, or even Conservative enough, says Hudak, the new ones come “straight from the gut,” reinforced by consultations with average Ontarians and right-wing pundits and politicians in Alberta, B.C., and the United States. “I’m having a hell of a lot more fun, because I’m fighting for something I believe in, and standing on principle,” he says.

However, a week away from election day, it’s still difficult to say whether the strategy is working. Opinion polls suggest the race remains tight, with another minority government the most likely outcome. While Ontarians are heartily sick of the ruling Liberals and Premier Kathleen Wynne—almost 70 per cent say it’s time for a change—they remain leery of the alternative, with 63 per cent of voters disapproving of Hudak and what he stands for.

The Progressive Conservatives, having lost the last two very winnable elections under former leader John Tory and then Hudak, have reverted to the Mike Harris playbook of the mid-1990s. Hudak’s rebooted vision of smaller government, lower taxes and less regulation isn’t designed to appeal to the broader public, but rather motivate bedrock Conservatives to come out and vote in an election where the Liberals and the NDP aren’t giving their own partisans much to be excited about. It’s a referendum on jobs—and the first one on the line is Tim Hudak’s.

It’s worth noting that the basement rec room of the house Hudak shares with his wife, Deb Hutton, and their two young daughters, Miller and Maitland, near Welland, Ont., is entirely devoted to the 1980s. There’s an Atari game console, a full-sized arcade version of Space Invaders and, alongside the dart board and pool table, stacks of red milk crates filled with vintage vinyl records. A Platinum Blonde album occupies a place of pride up on the wall, as does one by Billy Idol, and one by Canadian heavy metal act Helix. (The lead singer hails from the same small Ontario town as Hutton.) There are also posters of various WWF wrestlers.

Hudak has nursed a soft spot for professional grappling since his father took him as a young kid, across the Niagara River from their hometown of Fort Erie, to the Buffalo auditorium to watch the Iron Sheik battle Blackjack Mulligan. Later, as an economics student at Western University, pictures of beefy men in spandex decorated his dorm room. It is hard to fathom, and even harder to reconcile with his passion for ’80s alternative bands such as the Smiths and Talking Heads. When Hudak reveals he has been listening to leftist punk-folk icon Billy Bragg on the campaign trail, you quickly give up trying.

Hudak didn’t have a political upbringing. His maternal grandfather was a union activist and a committed socialist, but his parents, Pat and Anne Marie, both teachers, mostly kept their views to themselves. He guesses they voted Liberal.

His own embrace of conservatism was gradual. While studying on a full scholarship at Western, Hudak found himself naturally leaning to the Tory point of view on issues such as free trade. The master’s in economics he pursued at the University of Washington only solidified his beliefs. Back in Canada for the 1993 federal election, he volunteered for the PC standard-bearer in his hometown, a car dealer named Bradd Wilson. “Our views were very much alike,” says Wilson. “Even at that age, he had a vision of where the country should be going and how to get it there, and he wasn’t shy about sharing it.” The campaign was a disaster for the Tories, who were reduced to two seats, but Hudak proved a tireless worker, even for a hopeless cause.

Two years later, after stints working as a customs officer at the Fort Erie crossing, and a job helping to set up Wal-Mart stores across the country, he captured the provincial PC nomination for the riding of Niagara South. Up against an NDP cabinet minister and a well-known local Liberal, few gave the 27-year-old much of a chance. John Baird, then also a young PC candidate, now Canada’s minister of foreign affairs, recalls first meeting Hudak at a party training session. “He told me where he was running and I remember thinking, ‘Guess I’ll never see him again.’ ” On election night, Hudak surprised even himself by winning by more than 1,000 votes on the back of a Mike Harris majority.

At Queen’s Park, he quickly rose through the party ranks, first garnering attention as a noisy defender of government policies, then as an effective parliamentary assistant to two health ministers. When Harris won a second mandate in 1999, Hudak, whose riding hugs the U.S. border, found himself named minister of northern development and mines. He later served as both minister of tourism and minister of consumer and business affairs.

Hudak met his wife, a former senior adviser to premier Harris, at the legislature. (He says he admired her for years, but it appears to have been silently and from afar. The relationship never blossomed until after she left for a private sector job, and Hutton was the one who asked him out.) He’s been a politician for 19 years and counting, and it’s the only career he has ever really had.

Those who know Hudak well describe him as fun-loving and tout his “regular-guy” credentials. He likes beer and chicken wings, is a fan of the Boston Bruins, and was for many years a Buffalo Bills season’s ticket-holder. He takes a frat-boy delight in pranks and bestowing nicknames on his staff and opponents. The best dates back to the last campaign, when the Liberal operative who tailed him around fell into a fountain and earned the sobriquet “Puddles.”

Yet almost every story ever written about Hudak betrays a certain surprise that he can be personable off-camera. During the 2011 campaign, facing off against the charisma-deficient Dalton McGuinty, Hudak came across as so wooden, he might as well have had roots. This time, freed from formal speeches and riffing on just one theme, he seems happier, but not necessarily less awkward. At one campaign stop last week, he led a Q&A with supporters that was so heavy on first names and shoulder chucks, it brought to mind Jerry Springer. He has a tendency to stand with his hands cupped in front of his genitals as though he’s awaiting a penalty kick. And, as Paul Wells recently noted in these pages, Hudak seems to have a rare talent for staring contests, locking eyes while answering questions and failing to blink for uncomfortably long periods. “He doesn’t really have any presence; people don’t notice him when he enters the room,” laments one former adviser. “Campaigning has always been a struggle for him.”

Furthermore, the polls suggest that Hudak’s appeal, rather than growing, has actually narrowed. In the honeymoon period after he took over as party leader in 2009, he did relatively well with female voters, high-income earners and new Canadians. But after the 2011 debacle, his base shrank back to the Conservative hard core: older, white, less-educated men.

“There’s no evidence he’s making inroads with those accessible, but not onside, voters yet,” says Frank Graves, the president of Ekos Research, “and his campaign has the same type of populist, anti-intellectual feel as [Toronto Mayor] Rob Ford’s.”

Matters certainly haven’t been helped by the rocky start to this Hudak campaign. The first days were dominated by organizational flubs: the Tory leader denouncing “corporate welfare” while touring businesses that depend on government subsidies, and getting kicked off the Toronto subway after he and his entourage ran afoul of its long-standing “no politicking” rule. Then came the controversies over job cuts, a promised wage freeze—which provoked the union representing provincial police to enter the fray—and his shaky math. At times, it has been difficult to detect any urgency in his efforts. Hudak’s schedule of public events has been kept conspicuously light. Last week, during a daylong, two-stop swing through his riding, his handlers kept the media amused by taking them to see Niagara Falls and on a visit to a winery.

John Baird, a former colleague and close friend, calls the job of leader of the Opposition in Ontario the toughest in Canadian politics, because voters are mostly preoccupied with the federal or local spheres. But he says Hudak has grown into the role, and his “courage” will eventually resonate with the public. “He’s not afraid to take the path less travelled,” says Baird.

Entering the final stretch, it appears Hudak is also trying hard to flog that notion. On the eve of this week’s provincial leadership debate, the Tories released a new ad, simply titled “The Truth.” It has Hudak looking directly into the camera and delivering the hard sell over a soundtrack of swelling violins and visuals of shuttered factories. “Most politicians tell you what they think you want to hear,” he says. “I could do the same. I could tell you our debt is nothing to worry about and we can spend forever. I could tell you that if we do nothing, the jobs we’ve lost will come back on their own. Or I could be honest with you.”

During Tuesday’s leadership debate, Hudak was relaxed and confident, attacking his opponents just enough to make his point, but stopping short of the angry-taxpayer persona that has alienated him from more moderate voters. Even his most controversial campaign pledge, cutting 100,000 public sector workers, was cast as a program that wouldn’t put many people out of work, since most of the cuts would come through attrition. He vowed to resign if he didn’t deliver on all his campaign promises.

But there’s been a conspicuous softening of the message, too. Recently, Hudak has been talking about improving special education in schools, job opportunities for the disabled and front-line health services. The latter is a topic informed by personal experience. His eldest daughter, Miller, has had health challenges since birth, and fell critically ill during the 2011 campaign. “I’ve seen how hard people work in our system, and I thank God that we have it,” he told Maclean’s. “That’s why I get so frustrated when I see money being wasted—going to gas-plant scandals or middle management. We can do a hell of a lot better.”

Three years ago, Hudak played it safe and lost. This time, he’s taken a big gamble. Ontario voters may not like the new Tim Hudak, but the question now is whether they’re willing to trust him.




Browse

Are voters ready for Tim Hudak’s gamble?

  1. While Ontario obviously needs a fresh look at how to operate in an evironment when the 10% are not happy with owning 90% of everything and insist on sucking every last cent that they can from those who have less, I don’t think Hudak is the man to do it.

    Name ONE policy, program or plan that Hudak has EVER announced that he has not subsequently had to go back and revise, reverse or rip up. He isn’t just intellectually challenged, he must be the unluckiest person in the province? Who else could be that wrong, all the time? His current plans are a mess, don’t add up and don’t make sense when you’re trying to stimulate a floundering economy.

    People compare Ontario to Detroit and insist that if we don’t get our house in order, we will go bankrupt. The only comparison that is of value is the fact that Detroit was looted before it was allowed to fail. There were no billionaires who lost in that downturn. Why? Because instead of focusing on how to fix the economy, they were grabbing every red cent they could and getting out of dodge. That’s what Hudak’s friends and financial backers are hoping for. A bit of time with the keys to the house before the demolition begins.

    Sad days that people like he, Ford and Harper, with no vision for improving things end up in power.

    • The best rant I read in a while.

      • Being the best rant…..doesn’t make it accurate.

    • G. Harrison:

      While I doubt your words about 10% owning 90% of everything, you do realize that many of these very wealthy people pay most of the taxes as well. Frankly, it seems to be folks with connections to the Liberal party who do very well indeed. Look at Mike Crawley (sp?). Do you think it is a coincidence that the Green Energy Act came in and forced people to put up with thousands of wind turbines………….and Mr. Crawley just happens to be the guy who made at least $475 MILLION due to that particular policy?

      Who is Mike Crawley…hmm…well, I think he was the President of the Liberal Party.

      Yeah…just a fluke.

      As for Detroit…sorry, you have that wrong. Detroit’s current status is the result of having Democrats running the place since the 1960′s. If you enact policies that hurt businesses..guess what? The businesses will set up shop elsewhere, productive people will leave, and the folks on welfare and benefits will stay.

      Now the governemnt has to support the layabouts, without the benefit of taxes paid by these corporations.

      quite simple really.

      • Doubt no more, James. Read this article “Inequality and the Inevitable Collapse”. There are plenty of stats from different sources to jolt you back to reality. http://www.counterpunch.org/2014/04/18/inequality-and-the-inevitable-collapse/

        Any stats on how many Conservatives have made money from producing green energy or is this one Liberal the only one? You will however, have to admit that if he is, he did a hell of a job because the Harper Regime is taking credit for the reduction in CO2 emissions that are a result of Ontario’s Green Energy Act.

        Apparently you don’t know that in the US, the federal and state governments set corporate tax rates and make the labour laws and that Detroit is neither but is actually a city.

  2. The Million Jobs Plan does not exist. It never existed. They made it up. It is a fraud. It is a lie. Gatehouse where have you been?

  3. Everything Hudak and the Progressive-in-name-only Conservatives “know” is what ideologues Benjamin Zycher and Grover Norquist tell them to say.

    The worst thing about Hudak is that he actually believes his own rhetoric and like all ideologues, will push his agenda regardless of how irrational it is or how much damage he does.

    • Creating jobs is not irrational.
      Blowing over 1.1 Billion on cancelling a gas plant,
      that is irrational.

      • Basing your plan on an elementary math error is not only irrational, it’s a fraud. Claiming you’ll require your Ministers to sign a phony tax pledge that you got from a US tobacco and big pharma lobbyist whose organization is supported by the Koch brothers is just another cheap, political stunt from bumper sticker Hudak.

        • budster noted:
          “Basing your plan on an elementary math error is not only irrational, it’s a fraud”

          Ok, if math errors are fraud, then what would you call it when the Liberals sneak some guy in to erase the hard drives of dozens of computers in your office to eliminate incriminating evidence of a crime?

          As for the Koch siblings……what is your problem with them? Is it because they are brothers, or is it because you don’t like their last name?

          • Try sticking with the facts, James. Hudak’s plan is based on fraudulent numbers unlike your speculation that a crime has been committed although no one has been found guilty of tampering with computers.

  4. I just had to say this from a character point of view, Tim Hudak looks and displays himself as a man who is presently under some serious anger management treatment. He has the ‘ Serenity Now ‘ look, too calm and could blow a gasket at anytime. I don’t trust a politician who sweats. Steve Harper is a guy who sweats a lot too.

    • GEO. ORWELL:

      I have no doubts that you have never had to sweat in your life.

      that would mean you were working.

  5. One of Hudak’s touchpoints is the “gas plant scandal.” He really likes to rub the Liberals’ noses in it. Not that the Liberals don’t deserve it, but isn’t it a bit much coming from the guy who promised exactly the same thing in 2011? Is he being a hypocrite now – or was he lying then?

  6. Yes, Tim Hudak knows best and is the best candidate.

    • Oh yes, Nanny Hudak is the best candidate if Ontarians want the right to work for less and experience the decline in middle income workers, a rise in the numbers of citizens living in poverty, the decline in educational opportunities for future generations, the decline in health and safety standards.

      Funny thing about Timmie. He bashes government employees who actually serve the public, unlike himself whose been feeding at the public trough for 18 years just to serve his own ambitions.

      • budster,

        do you really think a province the size of Ontario needs 1.2 MILLION publicly paid workers to run the place?

        Very well paid workers, with guaranteed pensions?

        sorry bud….time to clean house and get rid of the unionized dead wood. We don’t owe anyone a living by providing a job that isn’t necessary.

        • I don’t see any reason why you shouldn’t be able to sit in your wet soiled diaper for a few more hours.

        • Well James. You obviously resent Ontarians who make a living wage and have a decent pension while providing services to the public for which it paid. Instead you and Hudak, rather than working for all Ontariana to have the same, want to institute neo-feudalism leaving the majority to struggle just to get by while corporations and the 1% not only control the wealth of Ontario, but also the lives of the rest.

        • do you really think a province the size of Ontario needs 1.2 MILLION publicly paid workers to run the place?

          There’s nowhere NEAR 1.2 million public workers “running the place” in Ontario. To get to a number like that, you have to include the “broader” public sector in it’s totality. You have to count teachers, and doctors, and nurses, and university and college professors…

          Estimates as to the number of “public servants” directly “running the place” range from 60,000-85,000 people. Now, that’s arguably too many people too, but if the plan was to focus the 100,000 cuts to the people in the direct “civil service” as your comment implies, not only would you need to fire ALL of them, you’d actually have to fire a significant number of them TWICE.

  7. No, no, no. Rob Ford knows best and is the best candidate

    • There’s not much difference between them except one’s in rehab and the other one who suffers from teabaggeritis, needs to be.

  8. Tim Hudak is a known fornicator.

  9. like I’ve already explained, “Kermit the Frog’s” gameplan is, a million (Canadian)jobs for TFW’s, -but with no pension, no ui, no healthcare, no job-security,….
    and as Tim probably thinks; <- …let them all eat cake, at Tim Hortons. ?

  10. Rich people don’t create jobs. Middle class earners with money to spend on consumption creates jobs. In case he hasn’t looked at a graph lately, there are plenty that show middle class earners stagnant and / or declining over the last decades. Where does Hudak, allegedly an economist, think that the demand to spur new industry in Ontario will come from? We are at the height of a real estate mania, personal debt levels are at an all time high, and offshoring has steadily eroded the industrial sector.

    Corporate tax levels being goosed a point or two lower will simply mean the corporations here will be sitting on more cash that will not be used to increase productive capacity in Ontario. They are looking to China and other markets for growth, places where they make things.

    • Just a coincidence that I tend to agree with “Ryan”, despite the fact that I am from Fort Erie and campaigned for Tim’s first election run before I was old enough to vote. Being familiar with his family and his background, this is pretty close to 100% accurate. I admire both of his parents; great people.
      But when it comes to economics, what is perceived as being “fair” and what “actually works” isn’t always the same thing. Supply-side economics doesn’t work.

  11. During the debate Hudak specifically asked Wynne what she would cut in government spending, since she obviously has to in order to balance the books by 2017. [The only other option is huge tax increases.] She very deliberately refused to answer. And that probably won her many votes. No, I don’t think the public is ready for straight talk. They want to hear more millions for this and more billions for that, and for sure no tax increases! And then when it does not happen, then they become disillusioned. Weird..

    • Typical Liberal/NDP crap. Always in the future will they do the right thing and when we get there they rely on our short memories.

      Nothing moral or ethical in government debt and bloat, taxing the futures of unborn for todays debt is a moral crime. But blind faith in statism greed gets people to overlook their values, like a drug addiction….debt is about one more perpetual fix until it economically kills you.

      Ontario bonds were re-issued again for the 4th time this week, no legitimate lender buys them for net returns below below inflation+taxes. And we saw how that worked for Greeks, Cyrprus, Spain, Ireland, Iceland….

      Better to invest offshore, for each $100k I moved to USD at par, I avoided 10% devaluation and got better dividends and gains….

      Only wished I moved more offshore. As investors are like workers, we go to work to make money not lose it to statism and union greed. Until Ontario realize governemtn waste and bloat hyper-inflating the economy is the problem, Ontario, Quebec, east cost are economic dead zones of depreciating value.

      • Moral crime? Which crime or crimes is or are moral?

        Apparently you’re of the belief that governments need to have the money set aside to cover every road, water filtration plant, hospital, sewer system, school etc it builds, war it fights. natural or man-made disaster that may occur and the list goes on or is the money borrowed to pay for this often long term incurred debt not a tax on the unborn, as well? Would it be ethical or moral to wait until Ontarians died because the hospitals couldn’t accommodate their needs due to lack of cash on hand?

        Government bloat is nothing more than a trite talking point. Where’s your proof?

        Besides the fact that statism is a noun, not an adjective, which of your liberties are curtailed by the government that you find untenable?

        It is rather amusing that you rail against “statism greed” whatever that means, then brag about your own greed. You would rather invest offshore to make a couple of extra bucks than invest in the country and province that has provided and continues to provide the government services on which you and your family rely. Maybe you need to get your addiction to the almighty dollar under control.

  12. Tim, like his predecessor Mike are like surgeons who only know how to amputate. During the Harris era, both pledged not to close hospitals. Once they were in, 28 were closed under their watch. We are still paying the price today

    • All Liberals/NDP know is blind faith statism GREED.

      Where are the morals and ethics of adding debt to unborn kids for todays wastes, bloat, corporate and union bailouts of uncommon good and no durable value to society?

      Fact is your drunk on debt, dysfunction and economic frustrationt o see governemtn causes the problems and why it can’t solve the propblems that just get worse.

      Tax me more, I spend less on your job. Tax companies more, they will pay less or move on for no jobs. Question is, with all this governemtn bloat, waste and taxes driving up Canadian costs of living, we need uncompetitive wages to live here, and jobs are moving out.

      I don’t even invest in Otario, Quebec, PEI, NB, NL as they are dysfunctional, wasteful, greedy statism. See, investors are like workers, they don’t job invest to lose money.

      Jobs are not driven by government as government is about consuption of wealth. Jobs are exclusively created by the mutual and affordable exchange of goods and services. All governemtn can do is take more from the affordable part and lose jobs as it lowers the exchange of goods and services.

      Its been going on for decades, but tramped up big in 2006…yet governemtn can’t fix the problems, as it IS the problem.

      Leave everyone in Ontario with no new debt, and $5000 more in their pockets and watch as unemployment plummet as people have more to spend other than non-durable governemtn waste consumptions.

      Fact is statism (big fat wasteful over taxing government) is about denial of real work economics. You never could spend your way out of debt be you govmint, a company or as a person.

  13. Tim Hudak’s gamble????
    It’s about the dismal Liberal record, the boondoggles that have cost Ontarians $$billions, the lies of McGuinty /Wynne, taxing and spending, the largest debt in Canada, the most expensive power charges of any jurisdiction in North America and on and on.
    We need jobs for our young and older citizens, we have a massive debt to pay off–as Bill Clinton said “it’s about the economy stupid”
    Ontario was always a proud province to be in and to be associated with–not any more with the gutting of Ontario by McGuinty and Wynne.
    Tim Hudak’s platform is getting Ontario back to work and getting Ontario out of debt–for god’s sake let’s give it a chance.

  14. Its more of a gamble not to vote for Hudak. We have tried 2006 to present with debt to the unborn, government bailouts of corps, unions and wastes….and it only gets worse a little bit at a time.

    So lets try the less government waste, less bailouts, less corporate and union welfare.

    Hey, people with value money, less taxes will spend more on each others jobs. The Liberal/NDP would tax us more, in debt unborn so we all have less to spend on each others jobs.

    100,000 union card going away to attrition and retirement isn’t more important than the the economics of Ontario. Fact is government taxes have created inflated pricing, needing inflated uncompetitive wages, and why jobs leave Canada. Jobs come from affordable exchange of goods and services and when government take too much, it make it less affordable, thus less jobs.

    Heinz, Caterpillar, Kelloggs and others left because wage demands are lower for USA and Mexico..

    You have to earn $1,400,000 to pay $700,000 in taxes, $300,000 in fair interest, to buy a $400,000 home that is $200,000 in labour, fees, tariffs and other taxes to build the $200,000 debt-tax out home.

    Mexican earns $200,000 to pay $40,000 in taxes, $40,000 in interest to buy a $120,000 home. (Also pays a whole lost less in city/utility/education taxes too).

    American earns $360,000 to pay $60,000 in taxes, $50,000 in interest to buy a $250,000 home. (Also pays a whole lost less in city/utility/education taxes too).

    My buddy in USA had his roof done, $6200, me, its costing me $12,800 for near identical home. As in Canada were are taxed like slaves, and I have $6600 less to spend on someone else’s job as it went to government of low durable value.

    The risk is insanity and I will borrow from Einstein….

    Insanity: Voting the same way and expecting better results.

    • My friend had heart by-pass surgery in the US 15 years ago and it cost him $86,000. He had to re-mortgage his home to pay for it. My Dad had heart by-pass surgery as a preventative in Ontario 14 years ago. it cost him $0 including 1 year of out-patient rehab.

      The cost of your roof is a bargain.

  15. As an investor, what really scares me is how so many fail to see that statism Liberal/NDP economics is the economic problem. The more government waste, bailouts, union greed, more debt, doesn’t work…. and it never will.

    Nothing moral or ethical about saddling debt on unborn says it all. Robbing kids futures for todays statism/union greed is immoral no mater how you cut it. But you can white wash, brainwash, blind faith in statism/union/political greed deny the reality of it.

    Its statism greed that is destroying the system. Government takes too much and so little durable value for it, a economic decline is assured. Its why richer get richer too, as rich isn’t as naive and easy to lead like a economically stupid debt greedy are. No, we see what is really going on.

    Canada was devalued int he last year so int he ruse of solvancy, BoC created thin air inflation money to buy provincial bonds no savvy legitimate investor would touch. This time last year Canada was a $1.8 trillion USD GDP, this year we are a $1.65 USD GDP. Yep, in terms of the largest world currencies, USD and Yuan we lost value huge.

    Sorry statism Liberal/NDP economics buffoonery types, you can’t escape economic reality for much longer. The real risk is in keep on denying reality, add more debt to the kids until the debt-bubble really pops into hyper-stagflation and devaluation of wages, pensions and the like that is already occurring.

    There is pricing elasticity, and there is taxation elasticy, and in taxation our collective political/union statism greedy governments are taxing-debt far too much to be good or sustainable.

    Hey, I don’t live in Ontario, but do realize the economic buffoonery needs to stop or all of Canada could be economically toxic when our two biggest provinces are bankrupt. Which reminds me to send more money outside of Canada for better returns and less devaluations.

    • We can thank our lucky stars you don’t live in Ontario. We already have Hudak with his gross math errors, faulty logic and off-the-wall assumptions, we don’t need another one.

  16. Tim Hudak is a former Walmart manager who wants to make the province his Walmart substitute staff with low pay, few benefits and no say in their workplace.

Sign in to comment.