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U.S. unlikely to fully recover, Carney warns
Vancouver Sun ^ | 1/23/2012 | Robert Hiltz

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 ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: canada; depression; dollar; economy; markets; obama; oil; us

1 posted on 01/23/2012 3:17:08 PM PST by Dallas59
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To: Dallas59

As the rappers say: cuz you done f***** up cuz!


2 posted on 01/23/2012 3:19:04 PM PST by struggle (http://killthegovernment.wordpress.com/)
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To: Dallas59

Unbelievable. Our own administration telling them to go sell to others.


3 posted on 01/23/2012 3:20:35 PM PST by Utmost Certainty (Our Enemy, the State | Gingrich 2012)
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To: Dallas59
Only if we don't fire your derelict boss.....
4 posted on 01/23/2012 3:22:15 PM PST by G Larry (We need Bare Knuckles Newt to fight this battle.)
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To: Dallas59

piss on you, carney.


5 posted on 01/23/2012 3:23:28 PM PST by the invisib1e hand (religion + guns = liberty.)
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To: struggle

6 posted on 01/23/2012 3:24:13 PM PST by Dallas59 (President Robert Gibbs 2009-2011)
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To: Dallas59

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.


7 posted on 01/23/2012 3:25:44 PM PST by Lion Den Dan
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To: Dallas59

Thank you for providing another quote to the Gingrich fall campaign.


8 posted on 01/23/2012 3:25:51 PM PST by Revolting cat! (Let us prey!)
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To: Dallas59

“..economy is unlikely to ever fully recover..”

Can’t be. We have “Hope and Change”.


9 posted on 01/23/2012 3:28:43 PM PST by Proud2BeRight
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To: the invisib1e hand

It’s not Jay Carney, tih, it’s the big banker from Canada.


10 posted on 01/23/2012 3:30:56 PM PST by Zuben Elgenubi
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To: Zuben Elgenubi
It’s not Jay Carney, tih, it’s the big banker from Canada.

Piss on him.

11 posted on 01/23/2012 3:33:16 PM PST by the invisib1e hand (religion + guns = liberty.)
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To: Dallas59
"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.

Translation: "Just letting you Canadians know that this administration has really screwed up the U.S. economy. Because of our policies, the whole thing's kinda FUBAR, know what I mean? We have no idea how to repair the damage we have done. So, for the foreseeable future, almost any pasture is going to be greener than this one, OK?"
12 posted on 01/23/2012 3:34:45 PM PST by Milton Miteybad (I am Jim Thompson. {Really.})
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To: G Larry

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.


13 posted on 01/23/2012 3:34:45 PM PST by liberty or death
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To: liberty or death

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.


14 posted on 01/23/2012 3:40:11 PM PST by kearnyirish2
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To: Dallas59

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.


15 posted on 01/23/2012 3:40:40 PM PST by jpsb
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To: Dallas59

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.


16 posted on 01/23/2012 3:42:50 PM PST by alloysteel (Are Democrats truly "better angels"? They are lousy stewards for America.)
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To: Dallas59; All
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.

Not Obama's press secretary, Jay Carney

17 posted on 01/23/2012 3:49:01 PM PST by Cobra64 (Common sense isn't common anymore.)
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To: Dallas59

Video of an arrogant, self-absorbed piece of Democratic crap. Thanks for not posting the audio.


18 posted on 01/23/2012 3:52:53 PM PST by davisfh
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To: Dallas59

Huh? All I heard was ‘HOPE AND CHANGE”....YOU MEAN IT WAS A LIE?


19 posted on 01/23/2012 3:53:05 PM PST by max americana (Buttcrack Obama is an idiot)
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To: Dallas59

He might well be right.


20 posted on 01/23/2012 3:53:54 PM PST by toro_embolados
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To: the invisib1e hand

Just wanted to make sure you knew you were making yellow snow with the invisible hand. Obviously you do.


21 posted on 01/23/2012 3:54:38 PM PST by Zuben Elgenubi
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To: Zuben Elgenubi

piss on him.


22 posted on 01/23/2012 3:57:50 PM PST by the invisib1e hand (religion + guns = liberty.)
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To: Dallas59

There’s some change you can believe in.


23 posted on 01/23/2012 4:01:45 PM PST by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: the invisib1e hand
piss on him.

For what, telling the truth?

As long as the bamster is in office, he is absolutely correct.

24 posted on 01/23/2012 4:04:27 PM PST by Las Vegas Ron (Rush Limbaugh = the Beethoven of talk radio)
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To: Dallas59

In a rational world, this would be classified as treason at the highest level of government.


25 posted on 01/23/2012 4:20:46 PM PST by Joe the Pimpernel (Too many lawmakers, too many laws, too many lawyers.)
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To: Dallas59

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
http://www.freerepublic.com/focus/f-news/2835601/posts


26 posted on 01/23/2012 5:29:25 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: Dallas59

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.).


27 posted on 01/23/2012 5:36:42 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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