Quote:
Originally Posted by Slava
I think that the coalition is a compromise by its very nature?
I don't know what the rationale is on the stimulus plan or why nothing has been made public, but there are a few major reasons why things like this should be under wraps:
a. the government is going to influence the markets by doing this and you can't have someone gain an unfair advantage with prior knowledge.
b. some companies will have an advantage with liquidity or cash driven into them in some way, shape or form...not an easy decision to make and not something that should be debated (as to which industries get the funds) because of the ramifications.
c. things are tumultuous in the markets to begin with and its best to make a calculated decision before you upset the apple cart. So while the stimulus is both needed and will happen it should be done prudently.
d. all of the potential consequences have to be examined. There are intended consequences, but also a lot of unintended ones to be considered. When you are dealing with an economic intervention you have to try to examine all of these before you implement a $30-$40 billion program.
If I were in Harpers position (and lets face it I would have a hard time getting a majority of anything!), I would be taking my time with this as well. Its the right thing to do.
That being said though, I would not rule out a deficit and I certainly would want the other leaders to endorse this so that we are all affected the same way politically.
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Great post...except for the first line, which in my eyes is NOTHINg short of a Liberal power grab and selling their souls to do so.