Tuesday, January 27, 2009

The reviews are in

John Ivison:
(S)uch is the severity of the current downturn that even the most conservative-minded economists have conceded grudgingly the government must step to the fore with timely, temporary and targeted counter-cyclical fiscal policy. However, they warn that the stimulus package must be focused on economic growth and employment -- and that spending must be reined in when the economy recovers.

On the current evidence, that is not what the government is proposing. The focus of this budget is not on setting Canada on the road to recovery. Rather, the principal goal appears to be ensuring a Conservative victory at the next election.

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