In the United States, it’s an open secret that Republicans aren’t the sound fiscal managers they claim to be. This seems to be a general trend, one the Conservatives under Harper claim to have beaten. But what do the experts have to say?
To further investigate the Conservatives’ economic claims, this paper conducts a detailed empirical examination of the economic record of each major government in Canada’s postwar history. The performance of the economy under each Prime Minister is compared on the basis of 16 conventional and commonly-used indicators of economic progress and well-being. […]
For 7 of the 16 indicators, the Harper government ranks last (or tied for last) among the nine postwar Prime Ministers. In 6 more cases, it ranks (or is tied) second-last. Among the remaining 3 indicators, the Harper government never ranks higher than sixth out of nine. Considering the overall average ranking of each Prime Minister (across all 16 indicators), the Harper government ranks last among the nine postwar governments, and by a wide margin – falling well behind the second-worst government, which was the Mulroney Conservative regime of 1984-93.
The very poor economic record of the Harper government cannot be blamed on the fact that Canada experienced a recession in 2008-09. In fact, Canada experienced a total of ten recessions during the 1946-2014 period.
It’s no wonder the Conservatives have dropped economic issues like a hot potatoe. Still, at least they have social issues to fall back on.
Canada has slipped out of the top 10 countries listed in the annual United Nation’s human development index — a far cry from the 1990s when it held the first place for most of the decade.
The 2013 report, which reviews a country’s performance in health, education and income, places Canada in 11th place versus 10th last year. A closer look at the trends shows Canada actually did better than last year, but other countries such as Japan and Australia improved at a greater rate.
When the numbers are adjusted for gender inequality, Canada slumps to 18th place. The United States fares even worse — sinking from third to 42nd place. […]
The Prime Minister’s Office did not respond to a request for comment on the rankings.