{"id":14306,"date":"2009-08-06T15:27:46","date_gmt":"2009-08-06T15:27:46","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/david_frum_canadas_got_the_stimulus_plan_right\/"},"modified":"2009-08-06T15:27:46","modified_gmt":"2009-08-06T15:27:46","slug":"david_frum_canadas_got_the_stimulus_plan_right","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=14306","title":{"rendered":"David Frum: Canada&#39;s got the stimulus plan right"},"content":{"rendered":"<p>Like the United States, Canada adopted a stimulus plan. But while the U.S. plan amounted to 5 percent of GDP over three years, Canada&#8217;s plan gave a jolt of 2.5 percent, in only a little more than one year. So Canada got more bang for less buck. If both country&#8217;s projections prove accurate, Canadians in 2015 will shoulder only about one-third as much debt per person as Americans.<\/p>\n<p>More and more, the $800 billion stimulus plan is looking like a great mistake &#8212; too much long-term debt for too little immediate benefit, all of it too closely tied to the Democratic party&#8217;s political imperatives in the 2010 election cycle.<\/p>\n<p>The result: an unemployment rate in the United States fully one point higher than in Canada. To paraphrase a television commercial familiar to Canadians of a certain age, &#8220;Only in Canada? What a pity.&#8221;<\/p>\n<p><a href=\"http:\/\/marketplace.publicradio.org\/display\/web\/2009\/08\/05\/pm-oh-canada\">Read or listen to it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like the United States, Canada adopted a stimulus plan. But while the U.S. plan amounted to 5 percent of GDP over three years, Canada&#8217;s plan gave a jolt of 2.5 percent, in only a little more than one year. So<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=14306\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,209,207,149,597,596,601],"tags":[],"class_list":["post-14306","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-canada","category-economy","category-laborlabor-unionslabor-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-fiscal-stimulus-package-of-2009"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/14306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14306"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/14306\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}