terry pearson

Canada's dismal unemployment rate has climbed to 8 percent. This of course
is
a result of sound economic management by the federal liberals. As I have
repeatedly asked, "What booming economy?" It's just more evidence that
Manley's "Northern Tiger" has turned out to be a herniated cat.

While Canada considers 8 percent unemployment a sign of a good economy, the
US
considers 6 percent unemployment an economic disaster. The biggest joke here
is that Chrétien considers himself a better economic manager that George
Bush.

If the international investment community could stop laughing for a bit
then maybe they could put enough demand on the Canadian dollar to push it
above the US dollar. Maybe if they stopped laughing long enough, they could
invest more money into Canada thereby bringing the unemployment rate to a
more respectable pace.

Now take Alberta where the unemployment runs around 4 percent. It does
indeed help to make up the 8 percent. If it weren't for the blundering waste
and the tax strangulation
of the federal government this figure would look much better.

If we factor Alberta out of the equation it would prove what I said all
along and that's the
fact that the socialist policies of the federal liberals have turned Canada
into an economic disaster.

No where in the history of Canada has there been an administration with so
many RCMP investigations along with corruption. It's enough to make the
mafia jealous

The liberal administration is rife with billion dollar boondoggles to the
point where
the "Enron" accountants would be a desirable addition to Canada's treasury
department.

Most of these boondoggles took place under the watchful eye of Paul Martin
himself.
--
Terry Pearson
Terry's Useful Idiots:
Dilbert Deilly
Maxed out Bushwanker
Hartman Shiftless
Gweg Mcdonald

david deilley

Terry - you have been told several times that comparing the two is apples
and oranges. Hoqwever as an economic illiterate, it probably means nothing
for you to be told that the statistic is measured differently in both
countries. The USA lost 93,000 jobs last month.

The OECD economists are still predicting Canada will be firsat or seconmd in
GDP growth amongst the industrial nations next year.

Well, David, while you economic self styled "experts" go on about the great
value of "free" trade, and "Globalization"
your jobs as well as ours will continue to exported to third world countries
like Mexico and China, where very hard working slaves living in cardboard
boxes or prison cells produce very high quality products in modern, state of
the art plants, for a bowl of rice a day, no bennies.

As manufacturers "globalize," and deplete their assets in our countries.

Why would'nt they? No worries about economic nor environmental regulation,
little to no taxes, just a very "free" market. Makes common sense if your in
business exec.That's they way you earn the big bucks.

This process has been proceeding now for a decade or so, we export machine
tools, and jobs, and "import"
chain store junk.

I am a retired logistics manager for an "international" company (Very few
"American" companies left now). who built a state of the art plant in
mainland china, as example, as well as in other places. They moved hazardous
materials
inventories, for cheap storage and no regulation, to Mexico, and in future
will build additional manufacturing plants there.

I retired a year ago, but even then, at least one of their plants here was
scheduled for closing, and two or three others were candidates in this
country.

And yes, the Japanese have auto assembly plants here, but they are just
that. Assembly plants, because it's still a little less expensive to move
them here as parts.

"Globalization raises the standards of the world"? No! Absolutely not. It is
reducing our living standards to third world level, slowly but very surely.

The only thing that will save our living standards and reverse the process
is the return of very stiff tariffs on imports, and very stiff penalities on
violations. And now, it will take decades to undo, just as it did to
accomplish the damage to our industries.

So when there economic "experts" see the stock market improve and reductions
in employment figures, and pretend they don't know the reasons, surely they
do. Unless their absolutely stupid.

No matter how you "measure" the numbers.

maximus bushwhacker

A high dollar would be absolutely devastating for Canada's economy... can
you imagine our exports costing 30-50% more? That is just stupid.

frank sausage

I remember when it was higher ($1.05), but we had a huge protectionist trade
policy (including the hidden 11% manufacturer's FST), mortgage rates (Canada
and USA) were in the very high (and grew higher), gold was held at $19
(Canadian) per ounce and the average pay raise was 7-10% because inflation
was 10% annually.

For interest sake, the highest the Canadian dollar has ever been against the
US buck was during the US Civil War. Although we weren't a country yet, we
had our own currency and the exchange was $2.65 to $1.00

abm

So what? GDP is not a measure of economic health, its a measure of
economic activity. GDP growth does not necessarily translate into a higher
standard of living or lower poverty rates.

reason

Largely due to the sound economic principles of Paul Martin, who was able to
make good fiscal policies behind Chretien's back, only because he was too
corrupt and complacent to care that some of his inane leftist philosophies
were being betrayed.

reason

You forget something...

You can not have a higher social benefit without the economic underpinnings
to support it. A good standard of living, and lower poverty does not come
at the expense of economic prosperity, but rather because of it.

This zero-sum error of logic is the fundamental flaw of leftism and
socialism. The leftist/socialist believes that all benefits must come at
someone else's expense, therefore confiscation of wealth is seen as some
sort of sustainable undertaking.

The reverse is true, of course. The best social program is a healthy
economy. Actual wealth is the surplus created by synergies between
employers, employees, industries and consumers. It is not created by taking
away from Peter to pay Paul, which seems to be the depth of logic exhibited
by the philosophies of socialism.

Globalization is the inclusion of more nations into an inner community,
where benefits are shared and rules are equally applied among all. This is
certainly better than a group of isolated nations, hostile to each other,
where selfish policies keep nations divided against each other and
impoverished. The benefits of globalism are numerous, obvious and appear
rapidly after treaties are signed. Human rights, personal incomes and
environmental protection have all improved as a result of nations sitting
down at the same table and signing treaties, in other words,
"globalization."

david deilley

As usual you begin with a lie - you psycho.
I have never "gone on" about the "great value of 'free' trade, and
'Globalization'..."

abm

As I said before, GDP does not measure economic health or economic
properity, it measures economic activity. You employ Reagan's "Rising
Tide Lifts All Boats" theory of economics, without evidence to support it.
If it is valid, then back it up with statistics. Show the correlations that
you claim exist between poverty, real wages, standard of living and the GDP.