Stimulus Funding Still Not Released


The CONservative economic stimulus package that was presented by the federal finance minister has made not much of a difference in the economic state that we are in.
The federal government has failed to release most of those funds and is still working on the delivery program for that stimulus money according to the governments’ own websites.
This week though, the University of Calgary was handed over a pleasant cheque for more than $113 million that they will spend on things like, more wages, an upgrade to their Spy Hill library, and a new power plant that will save them some money down the road.(they claim they will save more than $3 million a year on heat bills)
Last week, the Prime Minister gave $26.5 million to several colleges in Calgary. This stimulus package looks more and more like a buy a vote package for Stephen.
I say we de-elect the man before he spends us to death..



  1. Anonymous
    Posted May 17, 2009 at 12:08 pm | Permalink

    “I say we de-elect the man before he spends us to death..”

    Amd replace him with?

  2. jim bender
    Posted May 17, 2009 at 12:28 pm | Permalink

    A bobblehead…much more effective, and it may listen to us better:)

  3. penlan
    Posted May 17, 2009 at 12:29 pm | Permalink

    Well, not with you Anon.

    Jim, the sooner Harper's gone the better. Only 5% of the spending stimulus is out yet & mostly for Crown Agencies & building/repair projects for universities. I did a post on it the other day. Been trying to find the complete list but no luck yet.

  4. Anonymous
    Posted May 17, 2009 at 1:03 pm | Permalink

    ‘Only 5% of the spending stimulus is out yet”

    And the economy is showing signs of stabilization and an (admittedly small) rebound in employment. Holding off on throwing billions up in the air with the faint hope that it will land somewhere and “stimulate” something is probably a good thing. Every stimulus dollar spent today will be another dollar of debt dragging the economy down tomorrow.

    On the other hand the 5% that has been spent is blatantly obvious electioneering. As someone who leans to the right I find Harper to be an embarrassment. The man is not a C(c)onservative. He may have hijacked the brand name but he has no ideology Conservative or otherwise. The sooner they dump him and replace him with someone with character and backbone the better.

    I’d still vote CPC before I’d vote liberal though. Iggy wants to drag us deeper into the welfare state black hole that is consuming Europe. Take a look at the shape Europe is in if you want to see a bunch of financial basket cases. That’s where Iggy wants to take us.

  5. penlan
    Posted May 17, 2009 at 1:17 pm | Permalink

    Anon, I suggest you take a look at Norway. They are thriving even now & are actually growing economically, & they are what you would consider a welfar/socialist state.

  6. Anonymous
    Posted May 17, 2009 at 1:54 pm | Permalink

    When did Norway become part of Europe?

    I suggest you look at France and the other Euro states that are crumbling under the weight of their failed economic and social policies. That’s the Liberal model for our future not Norway.

    Norway is in good shape because despite having the rep of being a welfare state their financial policies are truly conservative. The following is from……..

    *The oil-producing nation made piles of cash when the price of crude oil was marching toward record-high levels in previous years, given that energy represents about 70 per cent of its exports, in dollar terms, and exports represent about half of its gross domestic product.

    But rather than blow the windfall on man-made islands and skyscrapers, the nation of five million people socked away $300-billion (U.S.) into a rainy day fund known as the Government Pension Fund-Global. It’s raining now, although few Norwegians are likely to get very wet, thanks in part to a $2.9-billion stimulus package approved on Monday. Rather than using debt to fund the increased spending (hello, Canada and United States), the money will be drawn from the fund instead.*

    It’s called responsible financial management. It’s what governments are supposed to do rather than creating mountains of debt by buying votes with borrowed money.

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