fifeboy fifeboy:
RUEZ RUEZ:
You commented there was no coalition however when this budget was brought down there was, which means his comment is correct.
Dion resigned on 8 Dec. That appears to be the death of the coalition. Were there not budget consultations after that. If Harper back peddled as much as he did because of the coalition, he is afraid of ghosts.
I am sure that Harper did not consider that he backpeddled at all. He was already deficit spending since the surplus was gone. He did two things at once. He crafted a budget that would probably appeal to a centre politician like Ignatieff and he did so successfully, and if Ignatieff had voted it down then the goodies therein made it a great election budget.
At the same time the Conservative ideology was also buried in the budget. Tax cuts were there despite the fact that only 20 cents of every dollar in tax cuts actually stimulates the economy according to a US study. Other apparent but not real expenditures were made. EI was extended by 5 weeks, but that does not help the majority who paid into it, but do not qualify for it. Moreover the time period for EI depends on where you live. The tax free savings account means nothing in terms of government cost or taxpayer benefit, if the interest rate is close to zero and fund investments are going down. The 15% home renovation credit is really only 2% after GST and PST and of course if you have to sell your home in the next few years you may lose more than you gain through renovations despite the great 2% savings.
And if infrastructure spending is not matched by the province and the municipality, then those funds will not get spent either. How are cash strapped municipalities going to find money to match federal expenditures?
So despite the spin, the G20 will spend 2% of their GNP. Canada will commit an estimated 1.3% and possibly actually spend a heck of a lot less on budget items and perhaps give away the rest to banks in the name of improving credit. The banks in turn will do the same as in the US and give their directors bigger bonuses for their incompetence.