Posted on 06/25/2010 4:03:10 AM PDT by RayChuang88
Leaders from 19 countries and the European Union will gather for the G-20 summit in Toronto beginning June 26 to discuss how to stem the global recession and get the world back on the path to strong, stable economic growth. They picked a good spot, as the assembled leaders could learn a lot from their host country.
Since the global recession hit two years ago, Canada has implemented a broad array of free market tax and trade policies. As a result, our neighbor to the north has surpassed an increasingly statist, mercantilist United States in The Heritage Foundation’s Index of Economic Freedom. More importantly, Canada is emerging from the “Great Recession” much more rapidly than the U.S. and virtually every other G-20 participant as well.
(Excerpt) Read more at foxnews.com ...
Mind you, I'd like to see the President do three more things:
1) DRASTICALLY overhaul our economy-sapping income tax system to either make it as simple as Steve Forbes' flat tax plan or go even further and just scrap it altogether--along with repealing the 16th Amendment--in favor of FairTax.
2) Put real force into financial system reform, with controls on new-style investments like hedge funds, credit default swaps, and derivatives, raising the minimum margin requirements for futures and index trades to 15%, and re-imposing the 1933 Glass-Steagall Act to get banks out of the equities business to protect bank assets.
3) Audit EVERY Federal, state and local government agency to look for bureaucratic overlap and agency bloat, and use the result to at minimum cut the size of government at least 20 to 25%, maybe possibly as high as 50%.
4) Repeal every welfare program that takes away individual responsibility. Social Security and ObamaCrapCare would be a nice start.
The concept that we can have a One World government by means of an entanglement of economic relationships among countries, where all acts of war are merely criminal actions, and, of course, without God, is doomed to spectacular failure.
which is why companies like Tim Horton, moved BACK to Canada.
Whereas Obama has no limits.
Free markets bring prosperity to more people than any government program.
Canada's Plan for Prosperity:
Step 1: Drill for Oil.
Step 2: Sell Oil to U.S.A.
Step 3: Go Back to Step 1...
Canada's Plan for Prosperity:
Step 1: Drill for Oil.
Step 2: Sell Oil to U.S.A.
Step 3: Go Back to Step 1...
They should be looking at mid 1980’s America if they really wanted to build a better economy.
Look at the vast natural resources Canada has and divide by the number of people they have, 1/10th as many as the USA. THAT is why they are doing well ... BTW they bailed out the banks over mortgages via CMHC, exactly 1/10th the amount that the USA did.
Start by losing that expensive Army/Navy/Airforce thingy and mooch off your neighbor.
There’s some truth in that, but we should also point out, Prime Minister Stephen Harper is the only G-20 leader who background is an economist.
It does Canada no good to have a weak neighbor with a poor economy. It does Canada no good when the US is being overrun by illegals.
You should be happy to have a prosperous English speaking democracy on your northern border. Since you won't drill for your own oil, you should be happy to have such a safe, secure, close supply of energy.
5) Repeal the capital gains tax.
Yep, another good one...we could easily go into triple digits.
http://www.cbc.ca/canada/north/story/2007/11/27/fighter-jets.html
I grew up in Canada, good people, personally I feel that Trudeau ruined it for quite a while, and it has yet to recover... the reality is that Canada’s economic situation is also bubble-like, aside from the production of commodities and some light manufacturing. Canada is not really a model to follow, there are serious structural problems.
I live in Canada and yes Trudeau did ruin Canada and it definitely has not recovered.
Witness lame milestones such as official bilingualism, multiculturalism, pluralism, the crappy charter, visible minority hiring quotas and refugee handouts.
Trudeaus legacy of shame continues.
Quebec Rules Canada. What Quebec wants Quebec Gets.
Ontario is the little B**ch in a dress cooing quebec and
bringing in refugees by the boatload handing out welfare,
refugee cheques and drivers licenses all so McGuinty can secure Liberal Votes.
Canadas economic secrets.
1. Drill for oil.
2. Sell to u.s
3. Take money and give millions to the african scam.
4. Take money and give to refugees, welfare, official bilingualism, the arts and muliticulturalism.
5. Drill more oil.
6. Sell to China, US and others.
7. Give more money to foreign countries.
8. Drill for oil
You are right about Trudeau the commie. I don’t know about the rest. I don’t know what you mean by light manufacturing. Like cars, trucks, locomotives, airplanes, steel, is that light manufacturing?
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