First, the prime minister’s attempt to portray
himself as a practical, sensible fellow who is only interested in being a good
manager is highly misleading. He is far
more ideological than that, and if re-elected his American-style
neoconservatism will have consequences for democracy and health care and the
environment that are potentially far-reaching. It is difficult to discern a large
economic dividend from the government’s attempts to privilege the corporate
sector, and the oil & gas sector in particular. But we need that dividend if we are to be persuaded that
this government’s game is worth its candle.
Second, the NDP’s “balanced budget” mantra is
genuine. Mr. Mulcair has latched onto
the fact that, according to the historical record, NDP governments balanced
budgets more often than either Liberal or Conservative governments did on
average between 1980 and 2010 (although some spectacular exceptions do tend to
stick in voters’ minds). This is a basis for fiscal respectability and marks a
return to the fiscal tradition of Tommy Douglas. Of course, several of the
Conservatives’ tax loopholes will need to be closed in order to afford this,
and the corporate tax rate will need to be raised to something closer to the
OECD average. But when you balance the negative impacts of raising corporate
taxes to the still-competitive rate of 17% against the positive benefits of
lower small business rates, a lower proportion of tax burden being borne by
ordinary Canadians, and the economic benefits of more infrastructure and a
million child care spaces—that should be OK.
Third, I like what Justin Trudeau has said about the
importance of infrastructure spending when the need is great, the debt-to GDP
ratio is low, and interest rates continue to be rock-bottom. Although Conservative infrastructure
spending is large in absolute terms and has
risen sharply (to over 4 per cent of GDP), under the circumstances we should
have had more, especially on transit and transportation of various kinds,
and less on advertising and political
spending in Tory ridings.
With any luck, the next Parliament will have a fresh
approach to democratic reform, the environment, science, health, refugees and
infrastructure, within a framework that is still fiscally responsible.
Mark
Crawford is a former public servant and a professor of political science at
Athabasca University.
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