Almost a quarter of that was the auto aid. It was important for preserving jobs, for sure. But does it count as «stimulus,»
in the sense of stimulating expenditure? I don't think so. It was more in the realm of a balance sheet transfer that kept an important company going. If the auto aid was «stimulus,» then so too was the much larger line of credit which Ottawa advanced to the banks (they could have tapped $ 200 billion under Mr. Flaherty's EFF mechanism)-- all of which was also repaid. In that case, Ottawa's «stimulus» was more like a quarter - trillion dollars... far outpacing everyone else in the OECD as a share of GDP! Of course that's nonsense. This was just one of many ways that Ottawa inflated the true value of its stimulus effort last year (including counting as «stimulus» the increase in EI payouts that automatically accompanied last year's mass layoffs
in the sense of stimulating expenditure? I don't think so. It was more
in the realm of a balance sheet transfer that kept an important company going. If the auto aid was «stimulus,» then so too was the much larger line of credit which Ottawa advanced to the banks (they could have tapped $ 200 billion under Mr. Flaherty's EFF mechanism)-- all of which was also repaid. In that case, Ottawa's «stimulus» was more like a quarter - trillion dollars... far outpacing everyone else in the OECD as a share of GDP! Of course that's nonsense. This was just one of many ways that Ottawa inflated the true value of its stimulus effort last year (including counting as «stimulus» the increase in EI payouts that automatically accompanied last year's mass layoffs
in the realm of a balance sheet transfer that kept an important company going. If the auto aid was «stimulus,» then so too was the much larger line of credit which Ottawa advanced to the banks (they could have tapped $ 200 billion under Mr. Flaherty's EFF mechanism)-- all of which was also repaid.Â
In that case, Ottawa's «stimulus» was more like a quarter - trillion dollars... far outpacing everyone else in the OECD as a share of GDP! Of course that's nonsense. This was just one of many ways that Ottawa inflated the true value of its stimulus effort last year (including counting as «stimulus» the increase in EI payouts that automatically accompanied last year's mass layoffs
In that
case, Ottawa's «stimulus» was more like a quarter - trillion dollars... far outpacing everyone else
in the OECD as a share of GDP! Of course that's nonsense. This was just one of many ways that Ottawa inflated the true value of its stimulus effort last year (including counting as «stimulus» the increase in EI payouts that automatically accompanied last year's mass layoffs
in the OECD as a share of GDP! Of course that's nonsense. This was just one of many ways that Ottawa inflated the true value of its stimulus effort last year (including counting as «stimulus» the
increase in EI payouts that automatically accompanied last year's mass layoffs
in EI payouts that
automatically accompanied last year's mass layoffs).
Relevant data, such as
case numbers, client information, party names, and necessary dates are
automatically input right
in the document, saving you time and
increasing your firm's productivity.
Dunsmuir called for this to happen through the
increased use of precedent to determine whether an administrator's decision on a legal issue [2] should be treated deferentially or not, and though the identification of four kinds of legal questions to which the correctness standard would
automatically apply [3]--
in either
case, no standard of review analysis would be needed.