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Fair enough--I agree that bailing out the auto industry immediately is a little shortsighted. However, that's not the only form "stimulus" can take. I'd personally like to see a stimulus take two forms: modest tax cuts, and some spending--with the latter focused on infrastructure programs that create jobs, and some enhanced entitlements for the poorest Canadians to stimulate consumer spending. In other words, the objective of a stimulus should be to increase employment and put more money in the pockets of consumers.
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That's fine, but judging from Layton's comments in the call, that money will go right to the unions in Ontario and Quebec.