No say Niels Veldhuis and Charles Lammam of the Fraser Institute.
They explain why in a must-read column in today's Ottawa Citizen.
Here's an excerpt:
The unfortunate economic reality however is that "stimulus" spending simply does not work. If the federal government is truly interested in doing what is best for the economy (and Canadians), the solution is reduced government spending and permanent tax cuts.
For starters, a fiscal stimulus package will require increased government borrowing, meaning that the government will take money from some Canadians (who will have less to spend) in order to give to others. The end result is more redistribution rather than more economic activity.
Sounds good to me.