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Government Operations committee  That's based on--

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  The $1 billion has been transferred from 2009-10 to 2010-11, so it will not have a material impact on the number.

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  In September, the government put out a fiscal projection, and we think we are still on track. Under those projections, the current year's deficit of roughly $56 billion is projected to fall to $27 billion by 2011-12. That reflects a resumption of economic growth and also assumes

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  In a recession, employment shrinks. It is unrealistic to think the government can bring in a program that will...

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  That's correct. However, if we take a look at the situation in the United States, we will see that seven million jobs have disappeared. The US government has brought in a program to save three million jobs.

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  We do not have any specific data at this time. We will once people have filed their tax returns. We do know, however, that approximately two million people made enquiries, and stores selling renovation and construction materials have told us that the credit has had an impact on b

December 8th, 2009Committee meeting

Paul Rochon

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  No, I said that in recessionary times, when we talk about 220,000 jobs created or maintained, we are more than likely referring to jobs that have been saved rather than created.

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  Certainly.The number of jobs is up by about 35,000 over March 2009. Without the stimulus program, jobs would have been lost.

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  It's 97%. I would say it was roughly mid-November, mid to late November. It would vary by project or by program area, but...,

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  Yes. We go through by program, as we've indicated and documented in each of the reports. You've got a fairly detailed listing by program of amounts committed. We work as close to the deadline as possible. We published the report on December 2, I believe. Depending on the progra

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  --our main point is that if you want to use those reports that you're getting from recipients of the moneys to calculate total jobs, it's going to be very difficult.

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  Yes, we have slightly smaller estimates. We understand how the FCM came up with its estimates. Ours are about 10% smaller than theirs.

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  The FCM number is reasonable, given the margin error in these things.

December 8th, 2009Committee meeting

Paul Rochon

Government Operations committee  Yes. In developing the action plan, the government had to find a way to balance speed of implementation with magnitude of effect. Some of the things that we can do very quickly, such as reducing taxes and increasing EI benefits, have lower initial impacts on output than somethin

December 8th, 2009Committee meeting

Paul Rochon