Skip to comments.U.S. unlikely to fully recover, Carney warns
Posted on 01/23/2012 3:17:04 PM PST by Dallas59
Canada needs to look beyond its southern neighbour for markets because the United States economy is unlikely to ever fully recover, Bank of Canada governor Mark Carney said Sunday.
In an interview with CTV's Question Period, Carney said that it is vital for Canada to look for new trading partners in the Asia-Pacific region and elsewhere to prevent the economy from being dragged down by the U.S.
"It's going to take a number of years before they get back to the U.S. that we used to know - in fact, they are not, in our opinion, ultimately going to get back to the U.S. that we used to know," he said.
Carney pointed to China as a market with great potential and as a place where Canada is under-represented, but cautioned it would take time to enhance trade between the two countries.
(Excerpt) Read more at vancouversun.com ...
As the rappers say: cuz you done f***** up cuz!
Unbelievable. Our own administration telling them to go sell to others.
piss on you, carney.
No, the U.S. will not get back to any level of greatness as long as we are controlled by the Communist left Democrats and the left wing posers/hosers of the Republican RINO stripe.
Thank you for providing another quote to the Gingrich fall campaign.
“..economy is unlikely to ever fully recover..”
Can’t be. We have “Hope and Change”.
It’s not Jay Carney, tih, it’s the big banker from Canada.
Piss on him.
Wrong Carney. The guy will only be right if we don’t throw out the current marxist regime and 90% of the house and senate in the next two cycles. Churchill of our time Newt Ginrich. So bloody already that he’s the man for this fight.
The one that works for Obama would never admit the damage that has been done; in fact he’d say that although none of us realized it yet, we are happier, wealthier, and better off in every way than we were 3 years ago.
Paying off 16+ trillion in old debt, plus the new debt that all but one presidential candidate would add, plus the interest on all that debt pretty much insures that we are economically screwed for more then a few years. And that is without even addressing the 70+ trillion we owe in unfunded mandates.
As soon as the boot is removed from our throat, we’ll recover.
At the moment, this country is down on the ground, with an overbearing gang of bullies working to strip our wallet out of our collective pants. Only one leg is free at the moment, but from this position, it is remarkably hard to kick the hindquarters of the bullies, but we might be able to knock one or more of then to the ground too, so as to level the playing field a little.
They may have brass knuckles and a knife, but if we can get to it, the taser can be a great equalizer.
Just don’t accidentally use it on ourselves.
Not Obama's press secretary, Jay Carney
Video of an arrogant, self-absorbed piece of Democratic crap. Thanks for not posting the audio.
Huh? All I heard was ‘HOPE AND CHANGE”....YOU MEAN IT WAS A LIE?
He might well be right.
Just wanted to make sure you knew you were making yellow snow with the invisible hand. Obviously you do.
piss on him.
There’s some change you can believe in.
For what, telling the truth?
As long as the bamster is in office, he is absolutely correct.
In a rational world, this would be classified as treason at the highest level of government.
Anyone who is educated on the nature of our debt problem and lack of domestic manufacturing production (the needed source of sustainable revenues) knows that Carney’s correct. We’re going through a default process that will end in repudiation and sudden downward adjustment of our dollar.
Only government-connected socialists are trying hard to believe that our economy is recovering, because they will be the last to lose their incomes in this default process. Until then, they continue to make sure that the rest of us can’t legally make useful products or even build things on our own properties without legalized extortions/bribes being paid (”impact fees,” frivolous engineering, etc.).
We’re not buying anything that we don’t need, until we see new leadership in every level of business, government and academia. So yes, Canada should seek new customers for the time being. This situation of America getting poorer is going to get far worse.
We’ve been deindustrialized. Regulations now against small and large production businesses are outrageous.
Environmentalism and the Leisure Class
BTW, I’ve said for several years that oil will rise, and the dollar will fall. And globalists will continue to eat that along with their lying propaganda. These are the consequences of handing so much manufacturing to other countries and destroying so many American families (with feminism, romanticism, etc.).