Justin Trudeau and the Liberals have no problem dedicating billions to Ontario’s infrastructure, but what’s it going to take for them to build a pipeline?
The Liberals will spend $120 billion of public money on infrastructure but a report by former Finance Minister Joe Oliver and Youri Chassin at the Montreal Economic Institute reveals the spending doesn’t include much for economic infrastructure. Most of the money will go to affordable housing, child care and early learning, and climate change; social issues for the most part, not things that stimulate the economy.
Further, the federal government says they won’t be concentrating money in shrinking economies experiencing higher levels of unemployment. That’s counter intuitive since these regions are the ones that have the most potential for economic growth.
Trudeau will announce major infrastructure spending for Ontario, yet he has three major shovel ready projects in Energy East, Trans Mountain and Northern Gateway that will bring in $13.5 billion per year and create 25,000 jobs during construction. That's almost half of the $30 billion debt that the Liberals plan to accumulate. The National Energy Board has approved Northern Gateway with conditions, recommended Trans Mountain and they’ll likely approve Energy East after hearings begin in the middle of this month.
A healthy economy signals a prosperous nation but Liberals seem to think that overtaxing and overspending on factors that won’t contribute to economic growth using YOUR money, is the way to achieve this goal.
We never get a straight answer out of Trudeau on pipeline approvals, but his caucus has no issue approving projects and ponying up money for Ontario.
They’re picking favourites, and though these pipelines may not benefit every single localized region in the country, what the Liberals forget is that the gains will benefit the whole country.