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Now, if President Obama just does what the current Canadian government is doing, our economy will actually start to recover for real.

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%.

1 posted on 06/25/2010 4:03:14 AM PDT by RayChuang88
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To: RayChuang88

4) Repeal every welfare program that takes away individual responsibility. Social Security and ObamaCrapCare would be a nice start.


2 posted on 06/25/2010 4:16:48 AM PDT by Mich Patriot (Man is not free unless government is limited.)
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To: 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.

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.

3 posted on 06/25/2010 4:22:08 AM PDT by olezip
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To: RayChuang88

which is why companies like Tim Horton, moved BACK to Canada.


4 posted on 06/25/2010 4:23:24 AM PDT by Katya (Homo Nosce Te Ipsum)
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To: RayChuang88
Such matters, he says, are “outside the purview of the government of Canada, outside the responsibilities of the prime minister.”

Whereas Obama has no limits.

5 posted on 06/25/2010 4:29:55 AM PDT by gusopol3
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To: RayChuang88

Free markets bring prosperity to more people than any government program.


6 posted on 06/25/2010 4:46:00 AM PDT by libertylover (The problem with Obama is not that his skin is too black, it's that his ideas are too RED.)
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To: RayChuang88
"G-20 Nations Should Look to Canada for How to Build a Better Economy"

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...

7 posted on 06/25/2010 4:50:33 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the next one...)
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To: RayChuang88
"G-20 Nations Should Look to Canada for How to Build a Better Economy"

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...

8 posted on 06/25/2010 4:50:47 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the next one...)
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To: RayChuang88

They should be looking at mid 1980’s America if they really wanted to build a better economy.


9 posted on 06/25/2010 4:53:05 AM PDT by reagan_fanatic (Never trust anyone who points their rear end at God while praying.)
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To: RayChuang88

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.


10 posted on 06/25/2010 4:55:16 AM PDT by ikka
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To: RayChuang88
and re-imposing the 1933 Glass-Steagall Act to get banks out of the equities business to protect bank assets.

Excellent idea! Banks should only be able to invest in safe assets like mortgages.

21 posted on 06/27/2010 6:45:16 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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