Jim Flaherty said today that he would spend to defend Canada from another recession. Under questioning from opposition MPs, Flaherty said for the first time that the Conservative government would move in with another round of stimulus spending if the world economy suffers a double-dip recession. “We would obviously do what is needed” if there [...]
Jim Flaherty
More Stimulus?
Paul Krugman feels we need a bigger stimulus package. Since the recession began, the U.S. economy has lost 6 ½ million jobs — and as that grim employment report confirmed, it’s continuing to lose jobs at a rapid pace. Once you take into account the 100,000-plus new jobs that we need each month just to [...]
