In the 1960s, the federal government nationalized 18 per cent of Canada’s GDP – to express, without euphemism, the share of the country’s GDP that the government spent. As it happens, this was the same percentage it spent in 2009, the worst year of the Great Recession. In an oddball way, this documents the cool-hand restraint of Prime Minister Stephen Harper and his adroit Finance Minister, Jim Flaherty.
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