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Last month, Canada, a nation with roughly one tenth of our population, created about 10,000 more new jobs than America.
Dang those Socialists
Yep, you put a bunch of Socialist swine in charge of Congress, and a socialist pig in the White House, and even a pip-squeak like Canada mops the floor with us.
Yep, you put a bunch of Socialist swine in charge of Congress, and a socialist pig in the White House, and even a pip-squeak like Canada mops the floor with us.
no doubt canada's health care gives canadian companies a competitive advantage
From the story:
INSKEEP: So how healthy is Canada's economy?
Mr. ALEXANDER: Well, Canadian economy has really snapped back from the recession. We did experience a deep recession in late 2008, early 2009, but it wasnt as deep as the recession that Canada had in the early 90's. So in actual fact, although we talk a lot about the great recession, in the case of Canada, it was a serious recession but it wasnt the worst we'd seen.
INSKEEP: What did Canada do differently than other countries?
Mr. ALEXANDER: Well, I think there, though, was a couple of things. Number one, we saw once the global economy started to stabilize in the middle of 2009, commodity prices bounced back and Canada is a big commodity exporter. Number two, the Canadian banking system weathered the financial storm remarkably well and because of that, when the Bank of Canada matched the Federal Reserve in terms of moving interest rates down to effectively zero, Canadian banks were opened for business. And what that meant was that businesses and consumers could take advantage of historically low interest rates.
So we saw something quite unique in the Canadian experience, which was at a time when unemployment was rapidly rising, people ran out and bought houses, and as you might expect when you have a strong real estate market, that tends to filter through to strong purchases of furniture, appliances and home-related items. So we saw consumer spending. We saw housing really rebound quite sharply.
INSKEEP: Do you think that stronger regulation in Canada helped to prevent the financial system from having such disasters as we saw in the United States?
Mr. ALEXANDER: There's a confluence of factors that contributed. I think that good and prudential regulation of the banking system and the financial system had an influence. I think in general, Canadian financial institutions tend to be quite conservative about their lending practices. For example, every mortgage taken out in Canada is income tested to make sure you can make your payments. And then we - in general, I think Canadians tend to be quite conservative with respect to their finances. So I think there was really a whole variety of things working together that helped Canada weather the financial storm.
I've a better option : Texas
WASHINGTON -- Looking for a place to take advantage of the recovery? Try Texas.
The Lone Star state's major metro areas--Austin, Dallas/Ft. Worth, Houston and San Antonio (http://topics.forbes.com/San%20Antonio - broken link)--are all emerging from the recession better than their counterparts in many areas of the country. Austin is a government and tech center. Dallas and Ft. Worth get a boost from major corporate operations located there. Houston is a hub for the profitable oil industry (http://topics.forbes.com/oil%20industry - broken link) and the U.S. military gives San Antonio a lift. America's Recovery Capitals - Forbes.com
Yep, you put a bunch of Socialist swine in charge of Congress, and a socialist pig in the White House, and even a pip-squeak like Canada mops the floor with us.
I guess you haven't read the posts by right wingers on this forum claiming Canada to be a
socialist country. Btw stay away from here, we still have 7.9% unemployment.
no doubt canada's health care gives canadian companies a competitive advantage
and their people early graves. BTW, there is no waiting, no rationing, no shortages etc., for medical care in Canada - IF you are a cat, dog, horse, cow, chicken, etc., Market-driven veterinary medicine is first-rate. Socialist-run human medicine is a disaster that is "on the verge of implosion" according to the program's director.
I guess you haven't read the posts by right wingers on this forum claiming Canada to be a
socialist country. Btw stay away from here, we still have 7.9% unemployment.
If by "here" you mean Canada, no problem. I have a job and a business. I don't even ship to Canada any more. But I do thank you for being America's hat. One more thing, if you had to pay the true costs of your defense, you would be broke.
no doubt canada's health care gives canadian companies a competitive advantage
It's a lot easier to do a socialist program like that when you have 1/10th the population.
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