He claims that they have spent 90% of the earmarked stimulus money...that would represent 90% of 22.742 billion dollars planned to stimulate our economy (from the 2009 budget) or 20.4678 billion dollars spent so far...From the Telegraph Journal, "After question period, Baird said the 90 per cent figure was accurate, not just for the infrastructure funding, but for the entire economic stimulus." The entire economic stimulus package, for the record, is supposed to be 29.298 billion dollars including tax breaks and give backs...
Consider that of over 7500 infrastructure and housing projects are expected and only 4000 or roughly 53 percent have happened so far, with 11.589 billion dollars expected to be committed to these projects total and a further 5.257 billion in leverage...unless those remaining 3500 or so jobs have a combined value of less than 1.1589 billion, this number is a figment of Mr. Harper's imagination.
Also, Steven Harper has promised to create or maintain 220,000 jobs...now, I may not be an expert with numbers, but create or maintain means that if a job is created, removed, then recreated with a fancy new name, for example, it would count double, since Mr. Harper is not promising that 220, 000 more people will have jobs (due to his selective language)...
And throughout Steven Harper's claims about what a great job he is doing with the recession, the conservatives continue to posture for an election, keeping the fear in the people of Canada. From the Telegraph Journal, "In question period, Transport Minister John Baird was taking the point in Harper's absence. He said the Liberals were not focused on the economy but "on an unnecessary election.""
One thing should be noted is that the conservatives are making it next to impossible to follow the money trail...according to the Telegraph Journal, "Last Thursday, the Liberals released a research report they said was based on more than half the announced projects. They found only 12 per cent of the money has flowed to projects that have begun construction. That funding created only 4,800 jobs - a fraction of the 40,000 the government projected", suggesting that the Conservative Party is planning on announcing the full amount's worth of stimulus monies, but is actually canceling the promised funding as soon as the media turns their backs. In response, "The Conservatives counter not only that 4,000 projects have begun, but many more will be underway this fiscal year." and "Baird also argued that it can be misleading to focus on how much federal funding has flowed. He cited the example of the home renovation tax credit.
Canadians won't get the benefit of it until their tax returns are processed next spring, but the incentive has already stimulated consumer spending and the home renovation sector, he said." The first argument should be problematic to anyone that understands even a shred of the English language. The Conservatives say that they've spent almost all the money, but that they still have plenty of projects up their sleeves (arguing that they've done so much and that they have so much to do yet also trying to say that they've spent almost all their money by throwing out 90% and then suggesting that the number came from thin air). The second argument isn't as clearly egregious, but is nonetheless offensive...the argument is that the benefits will be delayed until next year, and therefore they can claim the money as spent without any idea of how much (basically allowing themselves to take credit for any amount they feel like)...the other problem with this argument is that they are only planning on giving out 1.475 billion between this year and next for this bonus, which is a measly 16% of the housing plan...
One question we should be asking is why are we trusting a man whose last budget said that we our deficit rate was at 29.8 percent last year (debt to our total gross domestic product)...the proposed ways of turning this into a surplus are changing the Equalization formula again (read: giving less money in transfer payments for the services the federal government is supposed to be paying for, and passing the buck onto lower levels of government), reviews of departmental spending and corporate assets (read: anything that contains social or development is gone), and last but not least, they are taking a "use it or lose it approach" (read: don't be surprised if some of the promised money magically doesn't find its way to its intended recipients)...
Quick note: I am a liberal and do not support Mr. Harper because he conceals everything he does, and impedes the democratic process by refusing access to essential financial details (namely, pretty much everything)...that being said, I do not support Michael Ignatieff or Jack Layton's NDP either...