Friday, June 2, 2023

Rick Peterson: Let’s beat Trump at his own game

The essence of good public policy and a true test of leadership is to overcome these challenges and deliver on our country’s great promise.

We can see the mounting cost of inadequate and incoherent policy in our national debt levels, in the cost of living, and in the yawning gap between American and Canadian prosperity. We seem stuck in the status quo, unable to imagine and execute new approaches that will turbocharge our economy and restore Canadian vitality.

We need a bold vision for Canada. One that will allow us to not only catch up to the Americans but to beat them at their own game. Trump’s approach to revitalizing the US economy has famously employed tax cuts and deregulation, but the real story has been his impact on consumer and investor confidence. That tangible faith in the future has sent the stock market to new highs, supported by new investments and spending that have overcome the downsides of Trump’s trade policies with China and others. 

We need to restore Canadian pride in our economy, but without the other aberrant American policies like high tariffs and rising debt. The best way to do that is to create wide open horizons for Canadian and global businesses and dramatically reduce the cost of living for all of us.

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