Mike's Daily Comment

The Federal Liberals want free reign to tax and spend without Parliamentary oversight. President Trump says he’ll personally oversee mega billions in spending. Neither are in the public’s interest regardless of the crisis or who’s in power.

There’s no need to put critical thinking or scrutiny on hold when it comes to policy or politicians but no matter what your view – we should all follow the protocols prescribed by infectious disease experts.

It will cost hundreds of billions. More people will be unemployed than in the Great Depression while many businesses will be forced to shut their doors but we can’t evaluate if it’s merited because we’re not getting the information necessary to decide.

In the government’s rescue plan politicians clearly took a back seat to economists. And the long term benefit may be that a lot more people will finally appreciate the importance of economic growth and capital investment.

Confidence Is Gone From Stocks, Bonds & The Economy
Posted by Michael Campbell
on Wednesday, 25 March 2020 7:23
And not only will political games not help – they’ll make matters worse by further undermining confidence in government.