September 16, 2015

It’s the economy, stupid! Trudeau struggles to crunch numbers

Rebel Staff

Liberal leader Justin Trudeau reportedly had a bad, bad day Monday.

Sun Media’s parliamentary bureau chief David Akin’s report, debunking the myths peddled by Trudeau in his off-the-cuff comments on the economy made during a campaign stop in Toronto, is, in the words of Liberal strategist Warren Kinsella, “uncomfortable reading” (If you’re a Liberal).

As Kinsella, a veteran Liberal war room operative who fancies himself a bon vivant, a punk rocker and the so-called “Prince of Darkness” of Canadian politics, said Tuesday: “In an election where the economy is an issue, you better know your economic facts.”

Being the source of such delightfully insightful economic quips as “we can grow the economy […] from the heart outwards” and “the budget will balance itself”, it is evident that Trudeau does not have a firm grasp of fiscal issues.

According to Akin, the McGill English literature graduate continues to polemicize that the $5 billion federal government surplus so far this year is actually a deficit.

“[Trudeau] continues to insist, despite evidence to the contrary, that the surprise surplus for 2014-2015 that we learned about Monday is bogus because it came from cuts to funds earmarked for veterans, aboriginal Canadians and seniors,” Akin wrote Tuesday.

Almost immediately following the 9 a.m. Monday announcement of the Annual Financial Report (AFR), which includes numbers verified by the Auditor General of Canada, Trudeau, allegedly trying to wing it through a Q&A with reporters, said: “Mr. Harper has put us in deficit this year.”

Is this statement factually correct? Absolutely not, says Akin.

Citing Department of Finance data, the veteran Ottawa-based reporter wrote: “So far this year - FY16 - we have data from three months or the first quarter. After three months, we are in surplus to the tune of $5 billion […] We still have a ways to go but, at least so far, we are in surplus, not deficit.”

Trudeau, with a cross-court volley attempt: “As for last year’s numbers, we know - and we saw Mr. Harper under-spending and making cuts to veterans affairs.”

Firing back retrospectively, referencing yet another government document verified by the Auditor General, the Consolidated Financial Statements of the Government of Canada, Akin wrote: “Nope. Wrong.”

In fact, according to the document (see the table on page 16), the Department of Veterans Affairs spent $1.018 billion in FY15 compared to $897 million in FY14 - a difference of $121 million and an increase of 13.5 per cent.

Trudeau, reaching now: “[Cuts] to aboriginal affairs.”

Akin: “Wrong again. Page 16 again. Aboriginal Affairs spent a whopping $1.986 billion […] more in FY15 than it spent in FY14. That was an increase of nearly 30 per cent.”

Poor ole’ Justin. The former drama teacher really, really struggled - but it wasn’t over. He continued to misinform his audience.

Trudeau: “[Cuts] to seniors.”

Akin: “Strike three.”

Quoting directly from the Annual Financial Report (AFR), Akin continued: “Elderly benefits consist of Old Age Security and Guaranteed Income Supplement and Allowance payments. Total benefits were up $2.3 billion, or 5.5 per cent, in 2014–15, reflecting growth in the elderly population and changes in consumer prices, to which benefits are fully indexed. The increase in elderly benefits also reflects the accrual of retroactive payments.”

The rest of Akin’s retrospective analysis is staggering - and can be found by clicking on this link. Crucially, however, will anyone care?

Highlighting the strikingly limited media attention given to Trudeau’s succession of gaffes on Day 43 of the federal campaign, Kinsella noted on his blog: “It came to my attention late, around bed time, and from only one media source. As such, [Trudeau] may have dodged a bullet - most of the media didn’t notice.”

CBC polls analyst and founder Éric Grenier puts the Liberals in second place with 30 per cent, up one point from yesterday, with the NDP in first on 31.5 per cent, having risen by 0.3 per cent compared to the previous day. The Conservatives slipped by 0.7 per cent over night and currently sit at 29.3 per cent.

In terms of seat projections, however, Grenier predicts the Conservatives to win the most seats with 116, 54 short of an outright majority, closely followed by the NDP with 114. The Liberals are predicted to finish with 107 seats following the Oct. 19 vote.


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commented 2015-09-20 22:00:37 -0400
It doesn’t look good for Justin, why I just read a couple of days ago that Justin is lagging in his own riding, Papineau, Mulcair is leading by 11 points. Poor Justin is just a man-child.
commented 2015-09-17 14:49:11 -0400
Our Economy, compared to some other Countries, is not to bad. Justy, the Brain Dead, is another story. All he dose is run around the Country, kissing Muslim arse, in the hope that they will vote for him. Justin, If you were to find out, what your Muslim Friends really want to do to your arse, you would be most upset. Unless you area a Bi, of course.
commented 2015-09-17 14:19:20 -0400
Instead of letting the old expression " Liberal La La Land " be just that, Justin Trudeau is living in it and wants the rest of Canada to join him.
commented 2015-09-17 09:41:35 -0400
He is absolutely unable to understand business, accounting, math or read economic reports – he only has the ability to see what he wants to project whether it is true or untrue! You wouldn’t want him running your business and Canada certainly doesn’t need this short sighted boy managing the country!
commented 2015-09-17 04:03:04 -0400
The red-green MSM are trying to make JT look like his father in this campaign, with bubbly pictures of him kissing babies. Only because the red-green MSM are so completely lacking in integrity does a completely unqualified ignoramus like JT or a deluded socialist like Tom Mulcair have a following. The red-green MSM will be the destruction of this country as much as the red-green dolts that they work so hard to get elected. Future historians will be shocked at the level of intellectual vacuousness and journalistic malpractice that characterizes the red-green MSM in our time. It’s a pity the red-green MSM are taking us down with them. We might have had a great country in the 21st Century if it weren’t for the red-green MSM. Instead, Canada will be just another piece of wreckage in a world wrecked by the red-green MSM.
commented 2015-09-16 21:59:30 -0400
Oh this guy scares the bejeebers out of me. The more he talks the more he reminds me of a breathy Jack Russell I love. Oh, wait, maybe I’m onto something. Justin Trudeau = Jack Russell Terrier. So JT = JT
commented 2015-09-16 21:56:30 -0400
Trudeau is not good with math, finance, science.

Remember this?
commented 2015-09-16 21:55:18 -0400
This guy scares the bejeebers out of me. In fact the more I listen to him the more he reminds me of my favourite Jack Russell Terrier…Oh, maybe I’m onto something…JRT, JT? So breathy, waiting for a treat!
commented 2015-09-16 20:51:59 -0400
Trudeau is a clown, and so shallow PET would be truly embarrassed by his son’s stupidity, and pretentious ways. What a complete and utter fake he is.
commented 2015-09-16 20:25:42 -0400
How can that little fool, Justie Puftie, blatantly lie like that and get away with it? Oh, right, the main stream media will cover for the twit.
commented 2015-09-16 19:35:18 -0400
Again… Watch the faces and especially the eye movement of the people behind him…. They don’t believe it and neither does he…
commented 2015-09-16 19:13:52 -0400
These clowns have the entire country in a tizzy as they try and lie their way into the top position of ripping us off and stealing our hard earned money. What a joke. Why are these people and news agencies not held accountable. Why do they get to go above the law and above decent humanity? Are we not the ones who make the laws?
We are the slaves. As soon as you all figure that out, we can move on a solution, but not as long as we are the slaves.
commented 2015-09-16 18:44:25 -0400
Governments are not responsible for growing the economy. Governments cannot grow economies. Private businesses and ordinary people make a free or mixed market place work and prosper. Governments are responsible for regulations and rules. There is a limited role governments can play:
1. keeping taxes on businesses reasonable and competitive
2. Insuring regulations and rules are fair and equitable
3. Promoting trade with other jurisdictions and countries
4. Getting out of the way of businesses to succeed or fail
Maybe there are a couple other things that need to be added to my list but basically I wish people like Trudeau would stop telling people that the government can grow the economy. If he wants to do that then he should start a business. This applies to the other guys as well. Harper knows this but does act a little differently than I would expect a conservative to act on the economy. With that said, Harper is the only one who actually studied economics. Mulcair is a lawyer and Trudeau is a school teacher. Neither Mulcair or Trudeau have much credibility when discussing economics. That’s my opinion.
commented 2015-09-16 18:37:02 -0400
I am surprised that Trudeau actually has a following, he does not talk intelligently and makes up facts to suit his own agenda. He comes across to me as a rich spoiled kid that thinks he knows what the average Canadian is about. His life has never and will never mingle with the common folk, unless it is to shake hands and talk nonsense while on the campaign trail.