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the_beaver
Joined: 15 Jan 2003
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 Posted: Mon Apr 17, 2006 7:25 pm Post subject: Re: Anyone been paying attention to the Canadian economy? |
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| mindmetoo wrote: |
| In short, if you're Canadian, a freshly minted BA, don't think you're unemployable these days back in Canada. Consider moving home next year. |
*beep* back home. There' smore to life than a job and 307% tax. |
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Moldy Rutabaga
Joined: 01 Jul 2003
Location: Ansan, Korea
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| Posted: Mon Apr 17, 2006 9:00 pm Post subject: |
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| That's only if you assume that deficit spending is a characteristic of center/left governments. The examples of right-winged governments advocating "fiscal restraint" while spending the government into the ground - or underfunding government by cutting taxes to the wealthy - abound. Mulroney, Reagan, Bush, Bush, Saskatchewan under the Conservatives, to name a few. |
That's true. Whether a government overspends through overtaxation combined with half-baked socialist schemes or gun registries, or undertaxes and gives out corporate bailouts, it's still a potential disaster. Keynes promoted deficit financing to promote economies during recessions, not during normal circumstances.
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| As far as I know, the last 10 years of bi-national politics, the Dems in the US and the last Lib gov't left the country with budget surpluses while Conservatives have worked hard at bankrupting everyone's future. |
That's partly true. However, I think there's a few red herrings. First, we can't judge Harper's government yet. Secondly, again both Clinton and Chretien respectively rode good times that weren't to the credit of their own administrations, whereas Reagan and Mulroney inherited recessions.
The other problem is that I think these left and right terms are no longer adequate to describe a party's politics. Michael Moore called Clinton 'the best president the Republicans ever had'. While being more liberal on law-'n'-order policies than Bush Jr., Clinton's business policies were somewhat laissez-faires. In comparison, Bush Jr. meddles in the economy and is at the same time conservative on justice or morality issues. But remember that Clinton wasn't much less war-happy than Bush Jr. is at times in dealing with the Balkans, Somalia, or even Korea.
In Canada, remember that Mulroney's government was a lot of Progressiveness and not much Conservatism. While he did send through free trade, in his second term he lost his reformist zeal. He caved like a French politician in reforming seniors' pensions, and proposed a daycare program while instituting a national sales tax. These are hardly rightist policies. Chretien's supposedly liberal government had more backbone in facing down the financial legacy of Trudeau's dictates than Mulroney's ever did, whether through policy or necessity. It's a strange world, and again I think these left and right tags are inadequate descriptors.
Ken:> |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Mon Apr 17, 2006 9:46 pm Post subject: Re: Anyone been paying attention to the Canadian economy? |
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| the_beaver wrote: |
| mindmetoo wrote: |
| In short, if you're Canadian, a freshly minted BA, don't think you're unemployable these days back in Canada. Consider moving home next year. |
*beep* back home. There' smore to life than a job and 307% tax. |
There's cheese. |
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Wrench
Joined: 07 Apr 2005
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| Posted: Mon Apr 17, 2006 10:03 pm Post subject: |
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| Canadian economy is just sick at the moment. I was offered some nice positions back home and I am definetly thinking about it. |
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bijjy
Joined: 11 Sep 2005
Location: Daegu
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| Posted: Mon May 15, 2006 9:42 pm Post subject: |
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| Canadian dollar is about 90 cents to the US dollar now! Wow. |
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capebretoncanadian
Joined: 20 Feb 2005
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| Posted: Mon May 15, 2006 11:30 pm Post subject: |
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I like to see the Canadian dollar going up against the US dollar as it means more money for our exports to the US. However, I'd like to see it be a lot weaker against the won!  |
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