FIRE THE COACH!
Say you had a hockey team with the young Wayne Gretzky, this new guy, McDavid, AND Sid the Kid Crosby – That is a lot of talent. But say your team kept losing. What would you do? I suspect you would would fire the coach. You would fire the general manager. And the guy who washes the windows.
Canada is a lot like that fantasy team. It is one of the most successful countries in the world. In poker terms, Canada has a full house – forestry, metals, tar sands, gas wells, agriculture, oceans, talented people, beautiful country, livable cities and great universities. In hockey terms it is a dream team. It should never lose.
But Canada’s economy shrank by of 0.6 per cent in the first quarter of the year. Emanuella Enenajor of Bank of America Merrill Lynch says the Canadian economy appears to have shrunk by 0.6 per cent in the second quarter. Two successive quarters of negative growth is technically a recession. So we may be in a recession. (If you believe Coach Joe Oliver, otherwise known as the Minister of Finance, we are not in a recession. We are just halfway though a season with the dream team under his command and haven’t won a game yet.)
The simple fact is that the current government has proven itself economically incompetent. It has added $120 billion to the national debt, squandered money on hair-brained tax giveaways to buy votes, let the national infrastructure run down, gambled everything on oil exports in the age of decarbonization, and squandered the nation’s industrial capacity. ( and it held a state funeral for its last Finance Minister – the one who never in his entire career balanced a budget.)
It has also undermined the team’s morale. Parliament is full of vicious bickering. The civil service has been gagged. The General Manager turns out to be a bully who relies on scaring the public. He has no capacity to build team confidence.
Team Canada has never had such bad management. It is time for a new coach, and new general manager and some real vision.