Austerity Rules: Ottawa's Auto-Pilot Economic Plan

Canadian Budget "Austerity on Autopilot"

by TRNN

Jim Stanford: In spite of data showing the Canadian economy is slowing down, the new Federal Budget pushes cuts and a balanced budget which will make recession worse - true under-utilization of labor is 12 percent.

Jim Stanford is an Economist in the Research Department of the Canadian Auto Workers, Canada's largest private-sector trade union. He received his Ph.D. in Economics in 1995 from the New School for Social Research in New York. He also holds economics degrees from Cambridge University in the U.K. (1986) and the University of Calgary (1984). Jim is the author of Paper Boom (published in 1999 by James Lorimer & Co.) and co-editor (with Leah F. Vosko) of Challenging the Market: The Struggle to Regulate Work and Income (McGill-Queen's University Press, 2004).