...officials from 186 countries converged for the annual meetings of the International Monetary Fund and the World Bank.
Thing is, almost no one thinks it’s time to exit.
All quotes and full story from this article.[/url]
Said Niall Ferguson, a professor of history and business at Harvard University and an authority on the Great Depression: “Withdrawal of stimulus could be fatal.”
Here we have a Harvard professor saying the end of stimulus too soon would kill Canada. Same school as Ignatieff taught at for years, maybe they know each other. Not to mention one of the most prestigious schools in the world. They are highly intelligent people there and don't hire idiots not do they admit them.
“We need evidence of sustained growth over a couple of quarters before we start implementing exit strategies,” Mr. Flaherty said.
Our own Finance Minister stating this very prudently and not very shocking to be honest. We cannot just jump around and pull the funding with out sufficient proof that the economy is showing signs of rebounding and staying up. All 3 opposition parties demanded and voted for stimulus spending to help Canada's economy.
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