I'm not going to be to popular with this. The Canadian GDP shrunk by 11.6% in April . At this rate, the drop will be worse than even the Great Depression ! The only reason we are still limping along is the huge amount of money the federal government has thrown at it. Like FDR did in the Great Depression. They will not be able to continue doing this. They will have to scale back and we will have a depression, that's a given, not merely a recession. We all know what the Conservative mantra of balanced budget led to in the early thirties. It took ten years and a World War to undo that,. The Chinese are reporting a 90% economy, as if you can trust Chinese numbers, it's likely worse. Until we have a vaccine, to keep even this 90% economy, we'll be lucky if it's that much, limping along, we will have to live with the New Normal. Otherwise accept large scale deaths, since I'll likely be one of them, I don't like that idea.
What Trudeau has done is nothing like what FDR did. At least FDR paid for something rather than just rewarding people for not working. Programs like the CCC built infrastructure and allowed people to earn their living. While the country spent some money, they at least got some tangible assets for it. JT just tries to find new ways to buy support.
It remains to be seen just how serious the corona virus is going to be. In this, as in everything else, we citizens are left with trying to sort facts from two extreme views. One thing is certain, it has managed to effect change where nothing else could. Mostly, it has shown the west can be stampeded. GD
