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Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
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Things like national health care and public education and transportation are really dragging down all the countries that have it according to the conservatives.
Canada's economy is suddenly the envy of the world - Yahoo! Finance (http://finance.yahoo.com/news/Canadas-economy-is-suddenly-apf-807130582.html?x=0 - broken link)
The economy can look great until it doesn't. The housing market in Canada looks more and more irrational and like a bubble. If there is a bubble and it pops, things can change quickly.
Things like national health care and public education and transportation are really dragging down all the countries that have it according to the conservatives.
Canada's economy is suddenly the envy of the world - Yahoo! Finance (http://finance.yahoo.com/news/Canadas-economy-is-suddenly-apf-807130582.html?x=0 - broken link)
The reason Canada's economy is doing well is because of fiscal conservatism in its people and government. I recall reading a while ago that Canadian people where a lot more likely than most of us here in the U.S. to pay off their mortgages early. The article you linked to even mentioned that the government of Canada has had a budget surplus for the past 12 years.
We in the states have too much of a love affair with debt, sometimes at 20 or 30 percent interest!
Canada is proof that the old fashioned way of money management is what works. Debt is not to be welcomed, it is to be avoided as much as possible. The only "good" debt is one that is paid back in full.
The economy can look great until it doesn't. The housing market in Canada looks more and more irrational and like a bubble. If there is a bubble and it pops, things can change quickly.
The only place that might have a bubble in Canada is Calgary, if you look at the specifics of Vancouver's housing market you realize why its so expensive (its like San Fransisco's), and if anything housing in Toronto is under priced. As to the rest of the country, no.
Canada also doesn't have lots of illegal immigrants.
Are you blaming the latest financial meltdown (which is pretty much the subject of the article) on immigrants?
Canada has 6 major large banks who are strictly regulated. During the latest speculating bubble, some major US banked were leveraged 30 to 1 while some canadian banks were not even leveraged 1 to 1.
Canada was almost considered bankrupt in the early nineties. Afterwards, the federal government followed a very strict diet. Even some provincial governments went along, like Quebec, which is known for its spending ways but still had a "Zero deficit" law put in placed even though this wrecked havoc in the services such as healthcare.
During the Bush years, while the president was adding up record deficits, Canada actually paid some of its debt.
Are you blaming the latest financial meltdown (which is pretty much the subject of the article) on immigrants?
Canada has 6 major large banks who are strictly regulated. During the latest speculating bubble, some major US banked were leveraged 30 to 1 while some canadian banks were not even leveraged 1 to 1.
Canada was almost considered bankrupt in the early nineties. Afterwards, the federal government followed a very strict diet. Even some provincial governments went along, like Quebec, which is known for its spending ways but still had a "Zero deficit" law put in placed even though this wrecked havoc in the services such as healthcare.
During the Bush years, while the president was adding up record deficits, Canada actually paid some of its debt.
Canada has always had a strong banking system. Canada didn't even have any bank failures during the 1930s Depression.
Canada also didn't bail out its financial sector, and Canada has done very few bailouts in the last few years - and the very few it was involved in, like GM, were at the bequest of the US.
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