Even the Democrat-friendly media has been forced to admit that Trump’s economy has been doing very, very well.
That fundamental stability has (thus far) helped big-name investors look past current short-term disruptions to supply-lines in China and elsewhere with optimism that we will be able to bounce back once the health crisis is over and world business patterns normalize.
Canada, meanwhile, is getting its ass kicked economically.
And these differences are directly tied to the leaders of each country.
While Trump went looking for ways to take the brakes off of business, turning it loose through reduced regulations and tax burden, Canada went a different direction.
They went ‘woke’. The Trudeau government buckled to protesters on multiple oil pipeline projects that would help get their major resource — oil and natural gas — to ports for export, costing thousands of Canadian jobs. And when other companies came along with in an interest in investing in Canada’s largest resource, Trudeau sat on his hands while protesters illegally blocked rail lines, keeping trains from hauling products to market.
The only oil Canada CAN export goes South to the US, who have plenty already, and are only willing to buy it for well below market prices. Supply-and-demand principles come into play.
What is the result of five years of ‘woke’ politics?
According to a report by Maclean’s magazine, since the market peak in 2008 just before the great recession, and out of 106 world stock markets, Canada stands at 105th. It’s the worst performer next to, now catch this, Venezuela.
The energy sub-index has fallen by more than a third as the TSX has gained only 14 per cent in the last 10 years, whereas the S&P 500 rose 101 per cent. — Global News
A country that has America as its primary export customer has fallen on hard times. Obviously this isn’t because their American customers are suddenly struggling financially — we’re doing very well, thank you very much.
The difference is leadership at the top.
There are 106 stock markets in the world, and the ONLY one of the other 105 markets they are outperforming at the moment is, yes, Venezuela.
Get Woke. Go Broke.
And Democrats want us to be more like them..?
That’s a hard pass.