Fraser Institute not a fan of stimulus plan

The government here in Canada is still working on that $62-billion stimulus plan but I have to say, it’s done very little to fire up the economic recovery. It’s more likely that permanent tax reductions would have been more effective. It sounds a bit like what the Fraser Institute is rambling on about too but it’s true… it seems like a good plan at the moment.

Harper’s spending from last year was the reason that the country hit it’s highest deficit last year.

“Contrary to the federal government’s claims, the analysis shows that government spending and investment in infrastructure simply did not contribute to the improvement in economic growth,”

That’s what Niels Veldhuis, from the Fraser Institute had to say. Those guys talk out their a**es sometimes but maybe they’re right on this one.

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