Quote:
Originally Posted by MrBottomTooth
Do you think it is just a case of Ontario not being the leader now? Ontario has been crippled by liberal policies and is now dragging the rest of the country down with it.
Is sad sack Ontario ?dragging down? the rest of Canada? | Financial Post
Do you think these liberal policies that made our electricity the most expensive in North America might have something to do with manufacturing jobs disappearing? Just maybe? That falls 100% at their feet whether you want to admit it or not. |
From Wiki
"The Global financial crisis from 2007 onwards has impacted Ontario very hard, especially the manufacturing sector. Ontario's budget surplus in 2007-2008 changed into a $19 billion budget deficit by 2009-2010.[10]"
"The so-called "eHealth scandal," the power plant cancellation scandal, and the so-called "Ornge scandal" are often cited as examples of wasteful or ineffective government spending causing the growth in debt, though they have only increased debt by a small percentage"
"Tax cuts and incentives to high income earners during the 1990s have reduced government revenues, thus increasing debt.[14]"
As you can see the meltdown hit Ontario's manufacturing sector hard which is the 'engine' of the province's economy. The wasteful spending only contributed a small % of the debt and in the 1990's, conservative measures actually helped increase debt too.
And, after all this I am not even saying that the Liberal party is better than the conservative one or did well under Dalton McGuinty.
I am saying that you can't give credit or blame any one government in isolation for the economic situation.