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Wednesday, January 20, 2016

A reminder of Olivers incompetence

Was Joe Oliver's job creation plan that creates no jobs outsourced to business lobbyists?

It was a stunning conclusion.
Despite word from the Canadian Federation of Independent Business that it would create "25,000 person years of employment," it turns out the Conservative government's "Small Business Job Credit" will only create an estimated 800 jobs.
That works out to $687,500 per job created, since the "job credit" takes over a half of billion dollars from the Employment Insurance fund.
Yup. That's exactly what the Parliamentary Budget Officer said last week.
And to make matters worse, the recent EI premium freeze for employers will lead to an estimated loss of 10,000 jobs, according to the PBO.
The math is pretty simple: 800 - 10,000 = a job creation plan that leaves us with 9,200 fewer jobs:

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