{"id":12548,"date":"2015-09-23T06:59:12","date_gmt":"2015-09-23T11:59:12","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12548"},"modified":"2015-09-23T06:59:12","modified_gmt":"2015-09-23T11:59:12","slug":"spin-cycle-can-1-3-million-new-jobs-be-created-in-5-years","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12548","title":{"rendered":"Spin cycle: Can 1.3-million new jobs be created in 5 years?"},"content":{"rendered":"
\n

Spin cycle: Can 1.3-million new jobs be created in 5 years?<\/a><\/h3>\n<\/div>\n

This election has a theme common to almost all others before it: everyone is promising more jobs<\/strong><\/p>\n

The promise of jobs, jobs, and more jobs has long been a staple of election campaigns.<\/p>\n

NDP Leader Tom Mulcair\u00a0has promised a basket of goodies to help manufacturing and other sectors create jobs, as well as\u00a0help for young people and veterans to connect with the new jobs.<\/p>\n

The Liberals, meanwhile, decided to go big or go home by\u00a0promising $125-billion in infrastructure spending \u2014 even if it means short-term deficits.<\/p>\n

Now it seems the Conservatives, not wanting to be outdone, are making a bold promise of their own.<\/p>\n

Perhaps channeling\u00a0Babe Ruth, Conservative leader Stephen Harper figuratively\u00a0pointed<\/a>\u00a0to the faraway bleachers on Tuesday and promised “1.3-million net new jobs.”<\/p>\n

The spin<\/strong><\/p>\n

“I would say that there is no reason why we can’t have a similar record on that we have now,” Harper told reporters on Tuesday.<\/p>\n

Harper points out that the economy created 1.3-million new jobs since the “depths of the global recession.”<\/p>\n

Of course, those jobs were created in large part by the unprecedented stimulus spending the government launched \u2014 including the largest deficit in Canadian history.<\/p>\n

This time around is quite different. Harper’s plan to duplicate the results involves maintaining a balanced budget, reducing employment insurance premiums two years from now, and re-introducing the home renovation tax credit.<\/p>\n

The counter spin<\/strong><\/p>\n

“I find that number, to put it mildly, wildly optimistic,” Liberal Leader Justin Trudeau said.<\/p>\n

Trudeau is dismissing this as just another empty campaign promise.<\/p>\n

No one is going to campaign against creating more jobs. In fact, as mentioned, everyone in this campaign\u00a0is<\/em>\u00a0promising that.<\/p>\n

The critique, and indeed the test, of Harper’s promise is whether or not it is a realistic goal and, if so, are the measures in place to achieve it.<\/p>\n

Economics and demographics<\/strong><\/p>\n

To borrow an old adage, if you asked 12 economists if tax cuts lead to job creation \u2014 you are likely to get 13 different opinions.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Spin cycle: Can 1.3-million new jobs be created in 5 years? This election has a theme common to almost all others before it: everyone is promising more jobs The promise of jobs, jobs, and more jobs has long been a staple of election campaigns. NDP Leader Tom Mulcair\u00a0has promised a basket of goodies to help […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,3544,3000,8490,1964,3281,4169,9205,749,9206],"class_list":["post-12548","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-cbc","tag-cbc-news","tag-election-promises","tag-federal-election","tag-jobs","tag-justin-trudeau","tag-promises","tag-stephen-harper","tag-tom-mulcair"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12548"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12548\/revisions"}],"predecessor-version":[{"id":12549,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12548\/revisions\/12549"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}