2008-02-07

economic or gag stimulus?

You wouldn't have seen this type of spin vs reality journalism when the Cons first took power:
[When asked if he would match the $130-billion US stimulus package being adopted in the United States,] Flaherty said the government has already done enough to stimulate the economy. He said tax measures introduced by the Conservatives since coming to office in January 2006 - estimated to be worth $190 billion by 2012 - [... are ] "a huge stimulus to the Canadian economy, much more than what our American colleagues are thinking of doing in the United States. We've already done it in Canada."
The two initiatives are difficult to compare, however, because the Canadian measures include tax reductions and other initiatives already in place and some that will come into effect as late as 2012, while the U.S. package is targeted for immediate relief.
http://www.cbc.ca/canada/story/2008/02/06/flaherty-budget.html

Glad to see the media are overcoming their fear/awe/courtship with the neoCons.

PS. a $130-billion stimulus package for the US economy? seriously? I wonder if that contravenes NAFTA and other trade agreements... even if it is I doubt the Harper government will challenge it...

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