After G20 meeting, Ottawa ready to spend to spark economy
Sunday, November 16th, 2008
Tim Harper, Les Whittington
November 16, 2008
Harper commits Canada to do its part, doesn’t rule out future bailout plan for auto industry
WASHINGTON–The Conservative government is going to open its wallet to help boost the Canadian economy as part of a global effort to stave off a deepening recession, Prime Minister Stephen Harper says.
After an emergency meeting with other world leaders yesterday, Harper said his government is setting aside its aversion to budgetary pump-priming – and deficit spending – so Canada can do its part to improve worldwide business conditions.
“We will do what we have to, to contribute to boosting global demand,” the Prime Minister told reporters after he and other Group of 20 leaders agreed on collective action to stimulate the economy.
The United States and Pakistan reached tacit agreement in September on a don’t-ask-don’t-tell policy that allows unmanned Predator aircraft to attack suspected terrorist targets in rugged western Pakistan, according to senior officials in both countries. In recent months, the U.S. drones have fired missiles at Pakistani soil at an average rate of once every four or five days.
A surreal scientific blunder last week raised a huge question mark about the temperature records that underpin the worldwide alarm over global warming. On Monday, Nasa’s Goddard Institute for Space Studies (GISS), which is run by Al Gore’s chief scientific ally, Dr James Hansen, and is one of four bodies responsible for monitoring global temperatures, announced that last month was the hottest October on record.