Posted on 03/30/2012 4:36:13 AM PDT by Former Proud Canadian
With his first majority budget, Stephen Harper has laid bare his vision for the future Canada: Government will be smaller and less intrusive, individuals will take more responsibility for their own retirement and business will return to driving the economy.
The 2012 budget is a showcase for Mr. Harper’s hands-off political approach, one that combines sweeping spending cuts to the public service with a handful of targeted policy changes geared to drive future investment.
(Excerpt) Read more at theglobeandmail.com ...
A country where the adults are truly in charge. PM Harper plans to cut federal workers, cut federal spending and make the government smaller and less intrusive.
Go to the link and read all the articles. It is truly amazing. This FPC is very happy to be living in the most conservative country in the world.
The biggest problem these guys are going to have is keeping the Canadian dollar within sight of the US dollar. I don't know how they plan on pulling that one off.
This is great news - I will turn into Sun News (Canada’s new truly conservative news channel that makes Fox look weak and scared) and find out more.
I love our Prime Minister.
On natural resources, the government is clearing away regulatory hurdles to drive Canada’s energy sector and stepping up its battle with oil industry opponents.
While Obama battles the oil industry, Canada battles oil industry opponents.
Capital and people are going to be flowing into this country. Let the arabs close the Persian Gulf, who cares, we've got oil and we are going to develop it and export it.
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Please invade us. I welcome our new conservative overlords!
Wait a minute....
Just hearing on Sun that it’s a very modest budget. They called it lame. Cuts not deep enough, small increases in spending. It gets a B from economists, but the conservative base not happy.
It does seem to be a start, but they should have made use of their majority and slashed away. OTOH, better than the liberal alternative!
I am impressed with the determination to get the oil flowing - and Alberta seems to be heading for a Wildrose party....good news.
I suggested that, rather than screw up two perfectly good countries, all conservatives should move to one, all libs to the other, and let the best system win. It wouldn’t take long for the lib country to dry up and be taken over by the prosperous and strong conservative winner!
Thats great news because if Barry gets four more years and declares martial law a lot of Americans will be trying to move there.
Our company did roughly 1/3 of our business in Canada last year, and it is likely to increase the way this year is going.
Canada is headed in the right direction, while we are going the same route that failed in Albania and the Ukraine.
Two countries, Country A and Country C. They both issue currency and these currencies trade today roughly at par. Country A is 10 times bigger than Country C, with all that portends. Country A is running a huge trade deficit, a huge budget deficit, has a huge debt overhang and is retarding all investment but especially in the energy sector. The only thing standing between this country and complete economic collapse is that its currency and debt instruments are seen as "safe" in a troubled world. Its currency is the primary world reserve currency. Its debt is rated AA with a negative outlook. Country A's government is not business friendly.
Country C has a balanced trade outlook but will probably be running a surplus as its energy sector expands. Its budget is in line and will soon be balanced. Its debt position is good relative to its trading partners and will be falling relative to its GDP. It has a AAA debt rating. Country C is very business friendly and pledges to be even more so. It cannot afford to let its currency rise too much relative to Country A's currency because it will not be able to export as many manufactured goods to its major trading partner and its economy will suffer.
I could go on but you get the idea. The two countries economies are virtually integrated. The volume of trade is enormous in almost every sector.
The problem the Canadian government faces now is how to manage the upward pressure on the dollar as energy exports rise and capital seeks a safe haven. How are the auto companies going to be able to justify production in Canada if the Canadian dollar goes to $1.25 or $1.50 or $2? Play that scenario out across all manufacturing sectors that export to the US.
However, does this mean that yhou will now change your FReeper screen name to
ONCE AGAIN A PROUD CANADIAN
I believe you can change your screen name, and still have links to all your former posts..IOW..not have to register as a new persona, but you have to appeal to the admin mods, and that have to work some magic.
In this case, I bet they'd approve it..
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