Obama plans to bring most of the troops home so the American government will save a lot of money
Bank of canada says recession over
- Thread starter VanIsle
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yes, thats what i was saying in other thread, he fix the usa in less then half year and people still talk trash about him even though he works miricles
What exactly has he fixed. In his election promises there was a long list. Are you telling us he fixed ALL of them? From what I can gather on C.N.N. and other news sources, healthcare is still a bit of an issue down there. Perhaps you are tapped into some source that is more reliable than C.N.N. Come on don't keep us in suspense.
JLM, I think there is a non partisan website which tracks Obama’s promises and lists which ones he has kept, which ones have fallen by the wayside (he has no intention of keeping those), which are in the works etc.
I cannot offhand remember the name of the website, but I saw it on CNN the other day. I think he has fulfilled about 32 or 33 of them, a few have fallen by the wayside, but most of them (several hundred) are still to be acted upon. And that is not really surprising, considering that he still ahs 3½ years to go.
I cannot offhand remember the name of the website, but I saw it on CNN the other day. I think he has fulfilled about 32 or 33 of them, a few have fallen by the wayside, but most of them (several hundred) are still to be acted upon. And that is not really surprising, considering that he still ahs 3½ years to go.
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One of the major problems facing Canadian policy makers and activists today is a misunderstanding of or refusal to consider the uses of The Bank of Canada (BoC). This problem is exacerbated by a media blackout on information about the Bank's uses- which will be discussed in the tutorial.
This problem exists in all G-8 countries!
Our tutorial details the nature of the problem in Canada, and how it may be resolved.
[/SIZE]http://www.comer.org/boc/BoCtut.htm
Now that we're out of recession, we know what's coming next... the dangers of high inflation, high interest rates, and growing debt.
We were taken by surprise by the recession (we should have planning a clearly-defined national employment strategy before the recession even started so as to be standing on firm ground when the recession came).
Now my question. Are we going to wait for inflation, high interest rates, and the national debt to hit the roof before we start fighting them, or are we going to be more proactive in fighting them before they strike?
The way I see it, any responsible government should be planning its battle against inflation, high interest rates, and federal debt while we're in recession, and planning its battle against recession and unemployment while in a boom. It seems though that we always wait to the last minute, fighting inflation, interest rates and the national debt after they've hit already, and then fighting recession and unemployment after they've hit already.
I would say that any responsible government should have a clearly-defined anti-boom strategy and an equally clearly defined anti-recession strategy at all times, ready to implement either whenever necessary. This could mean that in a boom, the government should increase revenue and/or reduce spending so as to cool it down a bit, to help keep inflation, interet rates, and the national debt down. Then in recession, when deflation strikes, it's well-positioned to retrain the unemployed for the jobs of the following boom, thus keeping everyone busy all the time, working in boom periods, and upgrading their skills in periods of recession.
To be fair to the Canadian federal government though, it has done better than most governments in these respects, but there is still room for much improvement.
We were taken by surprise by the recession (we should have planning a clearly-defined national employment strategy before the recession even started so as to be standing on firm ground when the recession came).
Now my question. Are we going to wait for inflation, high interest rates, and the national debt to hit the roof before we start fighting them, or are we going to be more proactive in fighting them before they strike?
The way I see it, any responsible government should be planning its battle against inflation, high interest rates, and federal debt while we're in recession, and planning its battle against recession and unemployment while in a boom. It seems though that we always wait to the last minute, fighting inflation, interest rates and the national debt after they've hit already, and then fighting recession and unemployment after they've hit already.
I would say that any responsible government should have a clearly-defined anti-boom strategy and an equally clearly defined anti-recession strategy at all times, ready to implement either whenever necessary. This could mean that in a boom, the government should increase revenue and/or reduce spending so as to cool it down a bit, to help keep inflation, interet rates, and the national debt down. Then in recession, when deflation strikes, it's well-positioned to retrain the unemployed for the jobs of the following boom, thus keeping everyone busy all the time, working in boom periods, and upgrading their skills in periods of recession.
To be fair to the Canadian federal government though, it has done better than most governments in these respects, but there is still room for much improvement.
Quite right, Machjo. While we are not out of the woods yet, there are encouraging signs. As you rightly say, government should be planning the next stage, how to curb the deficit.
Once the unemployment drops, the party will be over. Then there will have to be spending cuts, tax increases. Government should be drawing up the plans now, while holding off any actual action until we are completely out of recession.
Once the unemployment drops, the party will be over. Then there will have to be spending cuts, tax increases. Government should be drawing up the plans now, while holding off any actual action until we are completely out of recession.
Or 71/2 years, so if he keeps half his promises in the first term I doubt if he could be charged with lying.
It could hold off any anti-inflationary action until we get back to at least 0% inflation or above (last showing, we were in deflation!). However, the government should be drawing up the plans now - no, I take that back, months ago (as we all know booms follow busts) - so that when we do climb out of deflation, the anti-inflation plan could kick in right away. That's not the time to draw up a plan, but to implement an already-existing one. The government should have had an anti0deflation long ago prior to the recession too.
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Without such plans, governments govern by the seat of their pants, reacting impulsively to solve short-term problems while failing myopically to look at the larger problems and the longer term. In the end, national counter-inflation and counter-deflation strategies should in fact always go hand in hand, with one designed to solve the short-term problem while at the same time designed to prepare the groundwork for when we need to shift to the other.
Let's just look at the auto bailout. It was a fine idea if its sole goal was to create employment. But that's alot of money for such a narrow objective. Had it planned ahead, it could have had a fully integrated policy designed to kill a large flock with one stone. The auto bail out achieved but one objective: to save a few jobs. Now we're left with no money to help us through the coming inflation.
Instead, the government could have focussed on, let's say, giving coolege vouchers to the unemployed to upgrade their skills so that at the end of the recession, they could alleviate the shortage of skilled workers that inevitably comes with a recession.
Instead, now what we have is auto workers still working in a declining industry. When we go into potential inflation, as new industries start looking for skilled workers, these autoworkers will find themselves stuck in the car industry while other industries will have no choice but to raise salaries and prices to try to attract the few skilled workers available.
And then when the next recession hits, those autoworkers will be back to square one. Not very long-term thinking there.
Let's just look at the auto bailout. It was a fine idea if its sole goal was to create employment. But that's alot of money for such a narrow objective. Had it planned ahead, it could have had a fully integrated policy designed to kill a large flock with one stone. The auto bail out achieved but one objective: to save a few jobs. Now we're left with no money to help us through the coming inflation.
Instead, the government could have focussed on, let's say, giving coolege vouchers to the unemployed to upgrade their skills so that at the end of the recession, they could alleviate the shortage of skilled workers that inevitably comes with a recession.
Instead, now what we have is auto workers still working in a declining industry. When we go into potential inflation, as new industries start looking for skilled workers, these autoworkers will find themselves stuck in the car industry while other industries will have no choice but to raise salaries and prices to try to attract the few skilled workers available.
And then when the next recession hits, those autoworkers will be back to square one. Not very long-term thinking there.