Stéphane Dion repeatedly claims that Jean Chrétien and Paul Martin inherited a $42 billion deficit from former Prime Minister Brian Mulroney.
By his lie of omission, Dion is careful not to admit to Canadians that Mulroney inherited $38.5 billion of that deficit from the Trudeau and Chrétien Liberals. That $38.5 billion deficit was nearly nine per cent of the GDP—the largest deficit by far in the history of Canada in terms of percentage of GDP.
Add interest for the eight years while the Liberals were out of office, and it’s not so difficult to see that the Grits inherited their own deficit.
Here is how some others viewed the Mulroney years of majority conservative government:
- In 2000, McGill University’s North American Studies Institute determined that Mulroney had the best economic record of any PM since the Second World War. (Source)
- In 2003, the Institute for Research on Public Policy ranked Mulroney second among prime ministers of the previous 50 years. (Source)
- In 2006, environmental groups, led by Green Party leader Elizabeth May, selected Brian Mulroney as the “greenest” prime minister in Canadian history.