Quote:
Originally Posted by IliketoPuck
The recovery of the global economy since 2007-2009 has been placed squarely on the shoulders of consumers by central banks in the form of low interest rates. This is further supported by federal governments providing tax credits that additionally incentivise the general public to spend rather than save.
A preliminary step towards shifting the onus of economic growth from the everyday consumer to private corporations will be the U.S. Fed raising interest rates.
As far as Liberal vs. CPC, the outcome isn't going to be determined in Alberta.
I wanted to point out that comparing the most recent Liberal economic track record to the current CPC record on a federal basis is not fair as the circumstances during each party's tenure were drastically different.
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Well this seems like as good a time as any to reference a blog post I recently wrote on this topic. The dirty little secret in Canadian politics regarding the economy is that it makes almost no difference which party is in power. They all say they're going to be the best and that they have superior policies, but when you actually look statistically, over the longer term, there is very little difference at all. We don't know about the NDP because they haven't been a federal government. Purely to give the NDP supporters here the gears: I think that we can all agree that would be an unmitigated disaster though!