While former Parliamentary Budget Officer Kevin Page says that if we go into a technically recession, it should be contained as there is still growth in other sectors beyond oil and gas, Pierre Poilievre has been out spinning yet another tale over the weekend. Not content to show that the universal childcare benefit cheques due in the mail this month are nakedly partisan attempts at vote buying (and those of us of a certain age will remember when Ralph Klein would send out cheques to help Albertans pay for the cost of natural gas conveniently as elections were around the corner), Poilievre has ensured that the cheques get a second political purpose – they are now to also count as economic stimulus. Which of course they would be – but not very much, according to Don Drummond. As well, the government keeps saying they’re making all of these infrastructure investments, but the vast majority of them are still years down the road, and their Canada 150 infrastructure programme is going to be very small-time, and is also unlikely to have much in the way of lasting economic benefit. So we can expect these kinds of talking points to be repeated ad nauseum for the next few weeks as the campaign heats up, and until we get the numbers from StatsCan on September 1st as to whether we’re in a recession or not.
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Ridiculous claim when Liberal plan is $4B bigger stimulus! Poilievre flogs bigger child benefit as economic boost http://t.co/z5rPV9v5ek
— John McCallum (@HonJohnMcCallum) July 13, 2015