Quote: Originally Posted by JLM
"Canada's income per person grew twice as fast as that in the United States over the past four years, according to a new study released Tuesday.
CIBC World Markets Inc. said the country's real personal disposable income — what you get to spend once you subtract price increases — rose $2,600 since 2005, double the $1,300 US gain that Americans enjoyed."
Perhaps it's not quite time to unload old Steve.
JLM, not only that, but unemployment in Canada is 8.4%, that in USA is 9.4%. This is one of the very few times when unemployment in Canada is actually lower than that in USA.
We are used to 8% unemployment, it is no big deal. Since we have more extensive safety net for the poor compared to USA, we can handle higher unemployment than USA, that is why we usually have higher unemployment. But right now we are a full point below USA.
In spire of all the moaning and grumbling, Canada has really not borne the full brunt of recession, not yet. All the more remarkable how Messiah has fallen behind in the polls.
You may give credit to Harper, I give credit to the sound economic management by Libs for 13 years. While Harper managed to fritter away all the surplus by giving tax cuts mainly benefiting the rich, he was not able to do any other damage.
Indeed, Liberals adopted a contrarian approach to USA. When Bush was spending money like drunken sailor, was racking up huge deficits, Liberals were running healthy surplus. I think we are still living on the good work done by Liberals.