{"id":11030,"date":"2011-09-06T12:15:07","date_gmt":"2011-09-06T16:15:07","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=11030"},"modified":"2011-09-06T11:48:48","modified_gmt":"2011-09-06T15:48:48","slug":"stephen-gordon-no-case-for-stimulus-in-canada-yet","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2011\/09\/06\/stephen-gordon-no-case-for-stimulus-in-canada-yet\/","title":{"rendered":"Stephen Gordon: no case for stimulus in Canada (yet)"},"content":{"rendered":"<p>As he points out in the article, Canadians who are calling for the federal government to indulge in US-style stimulus spending are <a href=\"https:\/\/www.theglobeandmail.com\/report-on-business\/economy\/economy-lab\/stephen-gordon\/hold-your-shovel-so-far-no-case-for-stimulus-in-canada\/article2154454\/\" target=\"_blank\">not paying attention to the Canadian economy<\/a>:<\/p>\n<blockquote>\n<p>Employment in the U.S. is far below its pre-recession levels, and employment in the construction sector has been hit particularly hard. So there is a strong case to be made for a U.S. program of infrastructure spending &mdash; and many U.S. observers are making that case.<\/p>\n<p>Neither of these conditions holds in Canada. Although unemployment rates have yet to return to pre-recession levels [. . .], the number of jobs lost during the recession has been recovered, and July employment levels were 1 per cent above their pre-recession peak. <\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>As he points out in the article, Canadians who are calling for the federal government to indulge in US-style stimulus spending are not paying attention to the Canadian economy: Employment in the U.S. is far below its pre-recession levels, and employment in the construction sector has been hit particularly hard. So there is a strong [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,25,84],"tags":[95,718,379],"class_list":["post-11030","post","type-post","status-publish","format-standard","hentry","category-cancon","category-economics","category-government","tag-jobs","tag-recession","tag-stimulus"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-2RU","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/11030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=11030"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/11030\/revisions"}],"predecessor-version":[{"id":11031,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/11030\/revisions\/11031"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=11030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=11030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=11030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}