Sunday, January 25, 2009

More leaking

Another leak from the budget in the form of $2 billion for social housing according to today's Star.  Note the careful management of the budget items' release, one more announcement on a Sunday, two days after Friday's series of announcements by cabinet ministers across the country. All part of the p.r. plan: "Kory Teneycke, the director of communications, is advising on how to sell the budget – and its whopping fiscal shortfall – to the media and, through them, to Canadians."  

It appears to me that we've now been told how approximately 20% of the $21 billion stimulus is going to be spent, i.e., about $4 billion or so has been announced including today's amount. See the accompanying list in the Star report of items in the $21 billion stimulus that have been made public thus far.  Meaning there is still a substantial amount left to be unveiled in the budget on Tuesday.  For example, note the one item left unpriced in the stimulus list: "Some permanent tax cuts." So we'll have to wait to see how much of the remaining stimulus will be made up of tax cuts and credits and who knows what else.  You may have noticed that we suddenly heard quite a bit about tax cuts from the PM over the weekend.  

Colour me cynical (shocking, I know) until Tuesday about this stage-managed roll-out.