That's the position I've said publicly in my various media interviews, and I have looked at the data very closely.
Just very quickly, the OECD, which is absolutely top-notch and impartial, showed that only two countries.... It was remarkable when you looked at the data. The PBO reproduced this data, I believe, or else it was the Bank of Canada in its MPR. Only two countries in the west saw GDP go down and income go up. One was Canada. The other was the U.S.
Normally, when you have an economic collapse, GDP goes down and national income goes down. We had this remarkable—I've never seen it in my lifetime, ever, studying economic data—GDP collapse, because we shut down the economy, and incomes went vertically north. GDP went south. Incomes went north. If you look at Germany, which is not a shabby country but a very progressive country, or at Sweden, France or the U.K., GDP and incomes went down, and they were pumping lots of support into the economy.
In other words, what I'm trying to say is that of course we needed to support people, but I think we supported companies and people who didn't need support when we could have gone on a far more targeted approach to target the most vulnerable members of society as opposed to people in the middle class or upper middle class.