Liberal Finance Minister Bill Morneau saying he’s going to juice the economy by spending money on infrastructure — $60 billion over 10 years.
But our GDP is around $2 trillion, or 2,000 billion a year. Morneau claims his plan will keep us out of recession, but $6 billion on top of a $2 trillion economy works out to only 0.3%.
If it's tax dollars, then it’s just redistributing someone else’s money to less productive sectors with the best Liberal connections.
And if the money is borrowed, that just pushes the cost to the next generation.
Why isn’t Morneau championing the $15.7 billion Energy East pipeline? That’s an infrastructure project. Add in $8 billion for Northern Gateway, $7 billion for the Transmountain pipeline, and $36 billion for the liquefied natural gas proposal in BC?
Add that up, and guess what? You’re at $66.7 billion. All of it other people’s money they are willingly investing in Canada, hiring people, building things we need, and paying taxes on all of it.
But Morneau and Trudeau want to support the stuff the private sector won’t touch, because it’s crony capitalism that survives only with grants and lobbying. “Strategic investments” in wind turbines and solar panels that don't work, that produce unreliable electricity at outrageous prices.
It’s a disaster.
Tonight, my guest Brooke Goldstein from the Lawfare Project. First she explains how she and her team fight back against attempts to stifle free speech in the name of "Islamophobia."
She also talks about the recent terror attacks in the U.S. and the idea of "lone wolf terrorism."
FINALLY: I respond to your message to me!