Wednesday, September 02, 2009

Economists slaying those Conservative talking points

"Economists say a federal election unlikely to derail Canada's economic recovery. Now who are you going to believe...economists...
"The Canadian economy is the sum of a heck of a lot of decisions, by investors, by businesses, by consumers across Canada, in the U.S. and abroad, so how well the economy is going to do probably depends a lot more (on other factors) than what's going on in the electoral scene in Canada," said Finn Poschmann, an economist with the C.D. Howe Institute.
...
TD Bank chief economist Don Drummond, a former senior Finance official, noted that during elections and longer if the government changes hands, there is a slowing in spending by departments, particularly of discretionary spending.

However, the effect on Ottawa's $12-billion infrastructure stimulus would be minimal, if at all, he added.

"This would effect only a certain type of infrastructure spending that was coming up for approval, but a lot of it would have already been approved, as the (government) said in their last report," he pointed out.

"Once it has cabinet approval, the bureaucrats could kick that into action." (emphasis added)
Or John Baird...
"It would be irresponsible to interrupt our important work on the economy with an unnecessary election," Baird told reporters.
Further, "...the federal government always has the ability to issue Special Warrants from cabinet to authorize special spending during an election."

Take your time...