Healthcare bankrupt communists Canada has the best economy

[SanHeChuan]

Canada's economy is suddenly the envy of the world (http://finance.yahoo.com/news/Canadas-economy-is-suddenly-apf-807130582.html?x=0)
No financial meltdowns here, Canada boasts, and world leaders want in on the secret

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The banks are stable because, in part, they're more regulated. As the U.S. and Europe loosened regulations on their financial industries over the last 15 years, Canada refused to do so. The banks also aren't as leveraged as their U.S. or European peers.

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The Conservative Party government of Stephen Harper that took over from Martin's Liberals in 2006 broadly stuck to his predecessor's approach, though he cut taxes and, when recession struck, pumped stimulus money into the economy, with the result that Canada again has a large deficit.

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It's a remarkable turnaround from 1993, when the Liberals took office facing a $30 billion deficit.


discuss...

[1bad65]

I noticed you failed to put the words "cut taxes" in bold.

[SanHeChuan]

So the liberals cut down a 30 billion dollar deficit, and the conservatives plunge back into the deficit through a stimulus package which is a principal which you abhor. ONLY a liberal government would do that, right, conservatives know better. And all you have to say is "yeah, but at least they cut taxes." Do you have an article or any proof that cutting taxes did anything for their economy other than give you the warm fuzzies? Or was it the strict bank regulations, gasp, why can't the government just leave those responsible and benevolent corporations alone? :p

Not to mention all your raving about how healthcare has bankrupted the Canadian economy.

[David Jamieson]

The "taxes" our PM has cut are a joke. NO need to bold that irrelevant little bit. IN fact he has thrown us into a 50 billion dollar deficit after entering into power with yes, a surplus. This is because Harper is an idiot. There's really no other explanation.

He's shaved 2 cents off the GST, which is a frivolous tax to begin with that the former conservative government dumped on us back in the 80's.

The reason Canada has done well through the recession is that our banks are highly regulated and there is a cap on the amount of foreign investment any one of them can do or for that matter any Canadian can do while holding those monies in Canadian funds. In particular, we can thank the Canadian Banking Association who are the body that set up and govern the Canadian Chartered banks.

IE: If we can't invest in losers like wall street investment firms, then it is unlikely that we will lose anything when those wall street firms fail for whatever reason.

It had very little to do with parties in power.