The Liberals are letting people face the summer of inflation without making them feel they care, or that they’re even on the case
You’d think Justin Trudeau’s Liberals would be delighted to escape for summer break from Parliament, where they get pressed on an unusually long list of problems from passport backlogs and airport lines to allegations they asked the RCMP to release details of a mass-murder investigation to advance their gun-control agenda.
Yet Mr. Trudeau and his Liberals are letting people go off to that summer without making them feel they care. Or that they’re on the case.Deputy Prime Minister and Finance Minister Chrystia Freeland managed to deliver something closer to the opposite message – what we are already doing will be enough – when she stepped out a week ago to outline an “affordability plan” of already-announced measures from her April budget and last year’s election campaign.
It doesn’t help them that many economists are blaming the Liberal government’s big-spending ways for adding to inflationary pressure by increasing aggregate demand, as Scotiabank chief economist Jean-François Perrault did earlier this week. More to the point, politicians don’t have to fear that Canadians will take to the streets with signs protesting excess aggregate demand. They have to worry individuals will feel their wallet is being squeezed. In economics, inflation and cost of living are closely related concepts; in politics, it’s cost of living that really counts.
That’s part of the larger problem the Liberals have in coming to grips with inflation as a political issue: After all this time in power, their reflex is to defend the things they have been doing, and to keep on doing them.
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