In what can only be seen as a decision not to decide, our nation’s Prime Minister has proudly proclaimed that he will think about the impending recession after the whole deep dark Canadian winter has passed:
Canadians will have to wait until the next federal budget before Ottawa delivers what Prime Minister Stephen Harper said could be an “unprecedented” fiscal stimulus package – a delay economists say the country can ill afford. A spokesman for the Prime Minister’s Office said yesterday the government is still trying to determine what would be appropriate and is looking at 2009 budget measures rather than action outside of that.
Whoa, there big fella! Don’t get any whiplash or anything. Make sure you get a good season in before you react to fast moving events. I suppose it is funny because the infrastructure work that would likely be at the heart of a recovery plan is screaming to be done. Highway bridges in Quebec need renewal as do municipal sewer systems as do rural broadband as do water systems on remote First Nations. We have been sitting on our hands for a few decades and, now that we are facing the need to get work going, there is actually work needing done. And be honest – market intervention is not “yikes socialism!!!” when the government just plays the role of goods and services buyer. Puts money in the pockets of people who know how to use a shovel, always a good thing for the economy.
So, unless dong nothing turns out to be the wisest form of intervention – right after dairy production goes lunar – how will Mr. Harper look after Obama goes BAM! and gets the next generation of needed US infrastructure projects moving? Is this an Iggy-tastic moment?
None