May. 1, 2022

Modern progressives have made life unaffordable

The deal between the Canadian Liberals and NDP and the corresponding federal budget presentation has intensified our problems. They have tried to assure us this inflation is short-term, but it is here to stay. The results will be an unruly recovery and a looming threat of a recession. They have doubled down on spending in Budget 2022, and there is no relief for small businesses or working people.

Progressive government policies refer to a socialist movement that speaks on working people’s behalf through government initiatives. The result is moral corruption and economic disaster. Efforts to redefine, reinvent, and re-imagine all aspects of society are crude. Our political class has developed a hero complex, believing it can manage our lives better than we can address them ourselves.  

When COVID began, Canada shut down its economy. Many businesses were shuttered, and people were laid off due to closures. Except for essential services and suppliers, everything came to a standstill. 

Governments tried to fill the income gap by creating new initiatives and extensive programs while re-imagining centuries-old economic models. The pocketbook issues of prices, wages, interest rates, and inflation are static and unchanged. The situation is absurd. Imprudent fiscal management threatens us with long-term economic hardship.

Governments could have temporarily subsidized incomes for people who could not work. Instead, they created an environment where people collected benefits that exceeded their regular wages. They are now contacting people to advise that they were not eligible for programs they applied for and demanding funds be repaid. They are adding recovery costs to the deficit with little hope of recovering anything.

Inflation is a tax on the people wasteful governments claim they want to help. Few would argue a short-term pandemic remedy was needed. However, these high-principled left-of-centre governments have developed a hero complex. Their actions inflict severe harm on individuals and businesses. 

Increasing interest rates is the only tool for reducing inflation. Even with decent employment numbers, interest rates will more than double by Christmas. Borrowing money will become harder, paying credit cards will hurt more, and energy costs will continue to rise. 

We face a painful recession, a reduced standard of living, higher prices, and punitive conditions for home buyers and owners. 

Championing emission reduction targets in the middle of an inflationary bubble during a war involving one of the world’s largest energy producers is stupid. Until the possibilities of green energy are investigated, evaluated, and improved, we can continue to enjoy reasonable energy costs.

Our fairy-tale governments try to convince us that we can meet standards that are not achievable, are imprecisely costed, and require an adequately articulated list of necessary sacrifices.

There are basic needs where governments will be pushed to invest in the years ahead. Defence, healthcare, education, infrastructure, and the environment are top concerns for Canadians. Meeting those needs requires strong private-sector growth.

Carbon dioxide is not a pollutant. We must divorce the IPCC emission reduction nonsense from actual environmental pollution. Canadians strongly support protecting our air, land and water from contaminants. The IPCC, aided and abetted by the media, includes pictures of smokestacks spewing pollutants into the air in its articles. The stuff spewed is not carbon dioxide, which is colourless and odourless. The images, like the warnings of doom, are fiction.  

Gas and oil are necessary for the next few decades. Our governments must recognize Canadian oil as ethical, sensible, and the only alternative for our economic well-being in the future. We must generate more wealth if we want to maintain a decent standard of living, which means developing our petrochemical and mining industries.

Petrochemicals provide us with daily products, from anti-freeze to zippers. Without petrochemicals, we would have no charging stations, computers, cell phones, electrical transformers, coaxial cable, or fibre optics.

Buying an electric car without petrochemicals for the tires, insulation for the batteries, computers, wiring and interior decorations, carbon fibre for weight reduction, and lubricants for the bearings and motors gets you a $60,000 1,500 Kg ships anchor.

Our governments have run aground on the rocks of reality and must not be allowed to escape into the fantasies of climate change and a world order reset. As former PM Brian Mulroney quipped: “Ya gotta dance with the girl what brung ya.”