PSCI 2401 Lecture Notes - Lecture 9: Don Getty, Canada Health Act, Grant Devine

• School: Carleton University
• Department: Political Science
• Course: PSCI 2401
• Professor: Conrad Winn

Document Summary

Chapter 3 from basket case to world leader. Wall street journal once said we are a basket case approaching third world. Chretien delivered the major turn (cid:449)ho (cid:449)ould"(cid:448)e thought. From 65-93 gov of canada spending rose ~2. 5 times w/ increased debt and taxes, which depresses growth. Lib and con govs of pearson, clark, trudeau, and mulroney shared resp. Gov of can share of gdp went from 14. 8% to 23%, gov of can debt jumped to 80% of gdp, wall street journal said we were near bankruptcy. Chretien turned economy around w/ harper continuing it. Poverty and low income dropped as gdp grew. Just (cid:271)/(cid:272) go(cid:448) ta(cid:454)es a(cid:374)d g(cid:396)o(cid:449)s does(cid:374)"t (cid:373)ea(cid:374) thi(cid:374)gs a(cid:396)e getti(cid:374)g (cid:271)ette(cid:396) fo(cid:396) ppl. One of the things we know is that anything complicated makes ppl think. Canadians accustomed to investing in us stocks and internationally (cid:449)/ lo(cid:449) ta(cid:454)es the(cid:455)"ll i(cid:374)(cid:448)est he(cid:396)e.