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Pluto
Joined: 19 Dec 2006
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 Posted: Sun Aug 09, 2009 10:17 am Post subject: US/UK/Canada Member of Parlament/Congress Backrounds |
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Slide 15 was telling. Almost 71% of elected officials are lifelong bureaucrats/politicians. Canada has more entrepreneurs, people coming from the private sector, in Parliament. No wonder the economic policies are going in two different directions. |
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rollo
Joined: 10 May 2006
Location: China
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| Posted: Mon Aug 10, 2009 6:50 am Post subject: |
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| But your upper house is appointed!! Economic policies??? The oil boom is over for the next few years so Canadian growth is over!! Really dont understand what point you are making? If you have a point! |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Mon Aug 10, 2009 7:02 am Post subject: |
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| rollo wrote: |
| But your upper house is appointed!! Economic policies??? The oil boom is over for the next few years so Canadian growth is over!! Really dont understand what point you are making? If you have a point! |
Pluto is an American.
You're right, to a point. The commodity boom has served Canada very well, and is over (less a speculative dead cat bounce in oil, now). That said, Canada has been very well governed since the 90's. I do not vote for the Liberal Party but they really did set the country on a good path.
Canada will have a severe recession. Right now the country is drunk on the return of easy credit. But I believe the fundamentals are such that she can manage fine.
Good link Pluto. It is possible to have a modern safety net and not blow the entire wealth of the nation. |
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Pluto
Joined: 19 Dec 2006
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| Posted: Mon Aug 10, 2009 6:22 pm Post subject: |
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| rollo wrote: |
| But your upper house is appointed!! Economic policies??? The oil boom is over for the next few years so Canadian growth is over!! Really dont understand what point you are making? If you have a point! |
Yes, I am American. And, generally speaking, I feel that Canada has been better governed in the past 10 years or so. Yes, I also feel that the Liberals were better stewards in Ottawa than Republicans were in Washington. I found the presentation interesting so there was no point in that. However, I noted that many MPs in Canada have come from the private sector whereas in the US, members of Congress have mostly been lifelong politicians and bureaucrats. Ergo, Canada has got better economic policies. However, I just noticed I maybe wrong because the UK has many MPs that came from the private sector and their economic situation is much more dire than the US. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Tue Aug 25, 2009 12:12 pm Post subject: |
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And the Canucks gloat:
http://network.nationalpost.com/np/blogs/fullcomment/archive/2009/08/25/see-the-u-s-economy-see-the-u-s-debt-see-americans-wish-they-were-in-canada.aspx
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Canada's national debt at the moment is $481 billion and change, or $14,377 per person.
The U.S. debt is $11.7 trillion, or $38,247 per person.
According to today's estimate from the White House, the U.S. total could reach $20 trillion in 10 years, which would be roughly $65,000 per American at today's population, though by then there will obviously be more Americans to spread it around.
In Canada, TD Bank estimates the debt will reach $630 billion in five years, when the federal deficit may or may not be eliminated, depending on who's doing the forecasting. Divided by today's population, which, again, is not a very good measure, that would be about $19,000 per person.
None of this is very scientific, and it's all highly dependent on events over the next decade, which could (and probably will) make all of today's forecasting look as foolish as the pundits who predicted we were entering a replay of the Great Depression.
But it's hard not to get alarmed about the direction the U.S. economy is going. Or to reach the conclusion that, if you had a choice, Canada's economy is the one you'd rather have.
And we already have healthcare. |
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