Canadian Liberals don’t Like Wal-Mart Either

Posted by PITHOCRATES - February 15th, 2014

Week in Review

People just don’t hate Wal-Mart in the United States.  The Canadians don’t like them either.  Or, at least, some Canadians (see Developer backs away from plan to put Walmart in Kensington Market by BRUCE LAREGINA AND TARA PERKINS posted 2/13/2014 on The Globe and Mail).

Kensington Market appears to have won the war against Walmart.

The latest pitch to the city from RioCan, the real-estate company developing a site near Bathurst and Nassau streets, no longer includes a big-box Walmart and would shrink the project’s retail area…

“We pushed back hard on this,” said Mr. Layton, who has advocated against Walmart for nearly two and a half years. “The pressure put on Walmart and RioCan from our community backed them off from putting it in our area…”

“As a resident of Kensington Market for my entire life, it looks like a wonderful compromise,” she said. “They were potentially a threat for the businesses in not only Kensington, but in Little Italy and Chinatown as well.

Social democracies everywhere decry capitalism.  And businesses.  Because all they care about are profits.  Which they amass by gouging people with high prices.  This is unfair. And cruel.  People deserve low prices.  Enter government to fetter unfettered capitalism.  To make it fair.  And in the case here that means making sure the local businesses can continue to sell at higher prices.

A business making a profit with high prices is a bad thing.  Unless a Wal-Mart threatens to come in and offer a greater variety of goods at lower prices.  Which will benefit the people.  By proving jobs with better benefits than most Mom and Pop shops can provide.  And allowing people’s paychecks to go farther thanks to those low prices.  But they can’t have that in Kensington Market.  Or any big Democrat U.S. city.  Because Wal-Mart does these wonderful things with a nonunion workforce.  And that’s something liberals just can’t have.  Even if it means higher prices for the people.


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Without a Bill Clinton the Bursting of the Canadian Housing Bubble will be less Painful than in the US

Posted by PITHOCRATES - November 10th, 2012

Week in Review

The subprime mortgage crisis caused the Great Recession.  And bad government policy caused the subprime mortgage policy.  First with artificially low interest rates to encourage everyone to borrow money and take on enormous amounts of debt.  Then the Clinton administration took it up a notch.  By charging lenders with discrimination in their lending practices.  And if they didn’t find a away to qualify the unqualified for mortgages they would soon find themselves out of the mortgage business.  So they came up with subprime lending.  Adjustable rate mortgages (ARM).  No documentation mortgages.  Anything to get the government off of their backs.  And the government was so pleased with what they saw they started to buy (and/or guarantee) those toxic mortgages with their Government Sponsored Enterprises Fannie Mae and Freddie Mac.  Clearing those toxic mortgages from the lenders balance sheet by unloading them onto unsuspecting investors.  Clearing the way for even more toxic subprime lending.  The government was pleased.  And the bankers were making money with bad lending practices.  Something they normally would have avoided because it is very risky.  But when the government was transferring that risk to the taxpayer what did they have to lose?

Governments like a hot real estate market.  Because housing sales drives so much economic activity.  Because people put a lot of stuff into those houses.  Which is why governments are always quick to use their monetary authority to lower interest rates.  Which is what they did in the US.  Cheap money to borrow.  Lax lending practices thanks to the Clinton administration.  Creating a housing boom.  And a housing bubble.  It was a perfect storm brewing.  The only thing that it needed was a raise in the interest rates.  Which came.  Causing the subprime mortgage crisis as those ARMS reset at higher interest rates.  Leading to a wave of subprime mortgage defaults.  And the Great Recession.  Which raced around the world thanks to those toxic mortgages Fannie Mae and Freddie Mac unloaded on unsuspecting investors.

Canada did not suffer as much from the Great Recession.  Because they did not pressure their lenders to qualify the unqualified like Bill Clinton did in the US.  But they still used their monetary authority to keep interest rates artificially low.  So while they escaped the great damage the Americans suffered in their subprime mortgage they still have a housing bubble.  And it looks like it may be time for it to burst (see Analysis: Canada braces as housing slowdown takes hold by Andrea Hopkins posted 11/10/2012 on Reuters).

Long convinced the country’s housing boom would never end in a crash, Canadians have watched this autumn as a sharp slowdown in real estate spreads across the country, leaving would-be home buyers hopeful and sellers scared…

Signs are everywhere that Canada’s long run-up in house prices is over, hit by a combination of tighter mortgage lending rules and growing consumer reluctance to take on more debt. Sales of existing homes are down steeply, with condo sales hit especially hard, and some long-booming prices have started to fall…

Canadian households hold more debt than American families did before the U.S. housing bubble burst, which has led the government to tighten mortgage lending rules four times in four years…

Tal believes slower sales activity will be followed by falling prices in many cities. But he says Canadian lending standards have been higher, and borrowers more cautious, than in the United States before its crash, which will prevent large-scale mortgage defaults and plunging prices.

Mindful of what happened in the United States, the Canadian government has tightened mortgage rules to prevent home buyers from taking on too much debt. While interest rates are low and expected to stay low into 2013, the fear is that eventual rate hikes will drive borrowers out of their homes or into bankruptcy…

The last round of mortgage rule changes took effect in July, forcing home buyers to cut back on their budget and pushing many prospective first-time buyers out of the market entirely.

The Canadians may escape the damage the US suffered as Bill Clinton was an American and not a Canadian.  So they only have to suffer the effects of bad monetary policy.  Not the effects of government enforced bad lending practices.  So housing prices will fall in Canada.  And there will probably be a recession to correct those inflated real estate prices.  But housing prices probably will not fall as far as they did in the US.  For the Canadians were more responsible with their irresponsible monetary policy than the Americans were.

The lesson here is that when markets determine interest rates housing bubbles are smaller and recessions are less painful.  If you don’t believe that just ask an American with an underwater mortgage.


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High Prices in Canada sends Canadians South of the Border to do their Shopping

Posted by PITHOCRATES - August 18th, 2012

Week in Review

The Canadians are running south of the border for a better deal.  Much to the chagrin of local businesses stuck on the wrong side of the border with their higher costs (see Canadians outraged at attack on cross-border shoppers posted 8/15/2012 on 24 HOURS).

Annoyed at parking problems and long lineups at the stateside Costco, some residents there have set up a Facebook page calling for American-only hours when they can shop Canadian-free…

A Vancouver man who runs a website offering comparison prices, said lower prices and parity in the dollar still sends many bargain hunters south of the border. Cross-border shopping has also likely been spurred by Ottawa’s June increase on the amount Canadians can spend without paying duty (although day-trips are excluded…)

“We shop regularly in the states, especially for groceries. I can advise that organic goods are pretty much the same cost as regular goods,” said crossbordershopping webmaster Henry Tenby. “On average, you’re looking at saving about 50 per cent in terms of groceries…”

Shafiq Jamal of the Retail Council of Canada said local businesses are suffering and urged Canadians to keep their dollars at home.

A 50% savings on groceries when the exchange rate between Canadian and U.S dollars is almost 1 for 1?  That doesn’t leave much for the price difference between Canada and the U.S.  Other than taxes.  If the same food is 50% cheaper south of the border there is a reason for that.  Higher property taxes?  Higher business taxes?   A value added tax (VAT)?  Import tariffs?  A national health care tax?  A combination of all of the above?  It’s something.  And whatever it is the Canadian people don’t like it.  As they express their dislike by going south of the border to buy things they feel are more fairly priced.

There is nothing more irritating than having a Canadian friend that constantly badmouths the U.S. while he and most Canadians living near the border high-tail it south to do their shopping.  For they love their country.  But not enough to shop in it.

Canada is a great country.  Sired like the U.S. by a great country.  Britain.  But Britain is close to Europe.  And their social democracies.  And that contagion has infected her.  And it has drifted across the Atlantic to infect Canada.  Even the U.S.  Big government nanny state spending.  That requires a lot of taxation to support.  And forces people south of the border.  But that may not last.  For as the Americans catch up to the Canadians and the British nanny states their taxes will rise bringing parity to prices of their consumer goods.  Which is the only way to fix the problems in a social democracy.  By bringing other countries down to their level of economic misery.  For to have socialism succeed you can’t let anyone escape its oppressive utopia.


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Canada’s National Health Care forces some Windsor Moms to have their Babies 2 Hours away in London

Posted by PITHOCRATES - July 21st, 2012

Week in Review

One of the most traveled VIA Rail corridors is between Windsor, Ontario, and Quebec City, Quebec.  There’s a lot of population density along that corridor.  Some of Canada’s biggest cities, too.  Including Toronto and Montreal.  But at the western terminus is the city of Windsor.  Across the river from Detroit, Michigan.  One of the most congested US-Canada border crossing.  A city all Canadians can get to by train.  But apparently health care dollars have trouble reaching (see Change to hospital could force babies, moms to London posted 7/20/2012 on CBC News).

The CEO of Windsor Regional Hospital fears a potential downsizing of its neonatal intensive care unit could mean a loss of doctors and force women to give birth in London.

The province is in the process of reviewing Ontario’s 14 NICUs. Windsor’s NICU is currently classified as a modified Level 3 care centre but wants to become a full Level 3 unit. However, according to CEO David Musyj, the province is looking to increase the number of Level 2 centres and that could mean a demotion for his hospital.

“It will negatively impact 50-60 babies in a year and some 300 moms,” Musyj claims.

Windsor currently has the ability to care for pregnant women and newborns who are a minimum of 26 weeks. A change would mean those women and babies would have to head to London for care.

Why are they doing this?  Why else?  Budget cuts.  Common in a national health care system.  Something we can look forward to under Obamacare.  Once they start cutting costs to make Obamacare more efficient.  Making us travel 2 hours for health care services we once received from our local hospital.

All Canadians pay taxes.  And they will get the health care services those taxes pay for.  It just may take a 2 hour drive to get to your hospital.  Of course the good people of Windsor may be able to shorten that drive time by crossing the most congested US-Canada border crossing.  And paying for their health care in the United States.  Of course with Obamacare that may not be an option for long.

Sad, this free national health care.  It can make getting medical treatment so very hard.  Which is something we have to look forward to under Obamacare.


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Universities are more Interested in Government Grant Money than Teaching their Pesky Students

Posted by PITHOCRATES - May 6th, 2012

Week in Review

Education is sacred.  For in all the budget debates.  In all the class warfare.  One field is exempt from that one most disparaging label.  Greedy.  Everyone is greedy in Western Civilization.  Except the universities and the professors.  Who make more and more while working less and less.  And hand out degrees that have little value in the modern economy.  No.  Their greed is never called out.  These people who add little to our economic wellbeing.  While those who do are called every filthy and vile name in the book.  Because education is sacred.  Apparently.  No matter how substandard it is (see Professors should teach more classes: Experts by Antonella Artuso posted 5/6/2012 on the Toronto Sun).

Ontario’s post-secondary system could improve the quality of students’ education and save money by sending more professors back to class, some experts say.

There is rising concern that hundreds of thousands of Ontario undergraduate students are being short changed by a university system that values research ahead of teaching…

Ontario undergraduate university students learn in ever larger classes and often emerge from their pricey education without the skills they need to find work in a modern economy, he said…

There has long been an informal working ratio for professors — 40% of their time spent on research, 40% on teaching and 20% on administrative duties.

Economist Don Drummond, who chaired the Dalton McGuinty government’s Commission on the Reform of Ontario’s Public Services, concluded universities — and even a few colleges — now aggressively chase provincial and federal research grants with some institutions using undergraduate tuition fees to pursue government funds…

University of Toronto Professor Ian Clark, co-author of Academic Reform, said the Ontario and federal governments have ramped up research grants in the hope — one that’s shared by most developed nations — that the investment will stimulate the economy.

Professors now spend more time on research, teaching an average of two courses a term, down from three courses a term about 20 years ago, Clark said.

At the same time, there’s been a strong public push to increase the number of Ontarians with a post-secondary education, leading to a 50% jump in undergraduate students over a decade.

“You’re getting less than half as much time per student per faculty member as there used to be. Inevitably, it’s leading to bigger classes and more use of teaching assistants,” said Clark, a former president of the Council of Ontario Universities. “That, we assert — and so do many, many others — is leading to a decline in the quality of the undergraduate education that Ontario students receive…”

Constance Adamson, president of the Ontario Confederation of University Faculty Associations (OCUFA), said professors are aware that class sizes are getting larger, but the fault lies not with the focus on research, but with chronic underfunding of the post-secondary system.

Really?  The problem is chronic underfunding?  It has nothing to do with universities running after all that free government money?  The professors are teaching one less course a term.  Why?  Because they’re too busy chasing all of that free government money.  No wonder these kids are graduating lacking the necessary skills to make it in the modern economy.  Their education is only a distraction to these professors.  Who spend as little time involved in it as possible.  Why?  Because that’s why God made graduate students.

This isn’t a problem unique to the Canadians.  Throughout the world a university degree is becoming a birthright.  More and more kids are going to university.  Because we tell them it’s the gateway to success and wealth.  The problem is that not only are we giving them a part-time, half-hearted education, a lot of the degrees we’re giving them are worthless in the modern economy.  Liberal arts.  Social sciences.  Women studies.  Etc.  None of which are in high demand in the modern high-tech economy.

Perhaps these are the reasons those angry unemployed university graduates are protesting capitalism in all of those occupy movements.  They borrowed a fortune for those degrees.   That were supposed to give them success and wealth.  Only to find that they got huge student loan debts.  For a worthless, part-time, half-hearted education.  Worse, these university graduates don’t even understand capitalism.  For it isn’t capitalism that failed them.  It was their leftist universities that failed them.  Who gave them a substandard education.  While charging them a premium for it.  But do these kids protest these universities or their professors?  No.  They’re protesting the businesses that can’t hire these graduates without spending a fortune on them.  To give them a useful education.  That their university was supposed to provide them.

That’s how bad our education systems have become.  Our universities draw these kids in.  These pesky students.  Selling them a useless degree.  That these kids should have known were worthless.  I mean, exactly what kind of high-paying job do these kids think their degrees in the liberal arts, social sciences, women studies, etc., will prepare them for?  Stock analyst?  Investment banker?  Research engineer?  Doctor?  The truth is that many of these degrees these kids are graduating with have very little if any value in the market place.  In fact the only thing they’re qualified for is to teach these worthless degrees to other unsuspecting students. 

And yet they protest capitalism.  Not the people who made them unfit to enter the world of capitalism.  Which is yet another sad commentary on today’s educational standards.


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The Canadians have a Healthy Economy and Housing Sector thanks to Energy Resources they Bring to Market

Posted by PITHOCRATES - April 14th, 2012

Week in Review

The United States still wallows in recession.  For all the talk of the improving economy more people are out of work than ever before.  The Democrats blame George W. Bush for this.  Like they blame him for everything.  But President Obama is about to close out his 4th year in office.  And if you count the 2 years Nancy Pelosi and her Democrats controlled both houses of Congress that’s 6 years of Democrat control of the economy.  Which means the last time anyone can blame George W. Bush for things economic was 2006.  So you can’t blame the last three and a half years on Bush.  Unless President Obama wasn’t the president for the last three and a half years.  But the last time I checked he was.  So is it Obama’s fault?  Or is it simply beyond anyone’s control to fix this economy?  Perhaps we should ask the Canadians (see Resources fuelling B.C. economy and housing demand: economist by Gerry Kahrmann posted 4/11/2012 on The Vancouver Sun).

The resources sector is not only fuelling British Columbia’s economy but also its housing market, the Vancouver Real Estate Forum heard Wednesday…

It’s true that house prices have gone up much faster in Canada than in the United States, where prices are still 25- to 30-per-cent lower than when the recession began, Jestin said…

“Why is the Canadian market red hot? Record levels of employment, lifetime lows in interest rates, more confidence that the Canadian economy can continue in a buoyant way over the next few years,” he said…

“The resource story translates very very clearly into the gains in the housing market,” Jestin said. It’s those provinces too where economic growth will be the greatest over the next few years because of continued demand for resources, he said.

The resources sector covers things like mining, natural gas, oil and other energy and mineral extraction.  Such as all that oil the Canadians are fracking out of their shale deposits.  A nation that, although green, is not stupid.  They know the world runs on energy.  As does a modern economy.  So they are bringing their energy resources to market.  Creating jobs.  Saving the housing industry.  And giving people confidence.  None of which they’re doing in the United States.

The Obama administration is a green administration, also.  But a childlike naive one.  Unlike the Canadians.  That refuses to accept that the modern economy requires energy.   And that America has energy resources.  As proven on private lands where energy jobs are a plenty.  Where they’re fracking oil out of our shale deposits like there is no tomorrow.  And so much natural gas that it’s dirt cheap these days.  Which is what happens when you flood the market with these energy resources.  But they shut down that industry on all federal land.  And in the Gulf of Mexico.  Foolishly believing that windmills and solar panels will power a modern economy.  Not understanding what it takes to move a train or an airplane from point A to point B.  Oil.  Fossil fuels.  Energy resources.  For no amount of wind or solar energy will get a fully loaded 747 off of the ground.  

So, yes, it’s President Obama’s fault.  And his foolish naive green energy policies.  For if we brought our energy resources to market like the Canadians we could have a healthy economy like the Canadians have.  But no.  We have to pour billions of dollars into green energy initiatives and watch them go bankrupt.  Sort of like putting parsley on the people’s plates.  Just so the people can through it away.  And that concept bothered Fred Flintstone.  He got it.  And he was from the Stone Age.  Pity President Obama didn’t get it.  For he will continue to put tax dollars into failed green energy initiatives.  Just so these people can through it away.


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Contract Disputes get Ugly in Canada between the B.C. Health Ministry and Anesthesiologists

Posted by PITHOCRATES - March 18th, 2012

Week in Review

Advocates for national health care in the US like to point to Canada to their health care system.  They say Canada has reached national health care utopia.  And there’s no reason why the US can’t either.  But it’s not really all that much of a utopia in Canada.  For even the Canadians argue about money (see B.C. anesthesiologists threaten to pull services by The Canadian Press posted 3/13/2012 on CBC News).

A contract dispute involving a group of B.C. anesthesiologists has boiled over into name-calling between politicians and physicians…

The entire dispute revolves around the bargaining mechanism between doctors and the Health Ministry.

The B.C. Medical Association is the sole bargainer for the province’s 11,000 doctors, but the anesthesiologists’ society wants to negotiate its own issues at the bargaining table.

The group said its concerns include recruiting and retaining doctors, cutting waiting lists, patient safety and efficiencies in the system.

De Jong [Health Minister] believes the problem is much narrower.

“Let’s not kid ourselves, this is a dispute about money, and a group — not all, but a group — of anesthetists who want to hold patients hostage to secure more money for themselves,” the minister said…

Over the past decade, de Jong said anesthesiologists have received a 33 per cent wage increase compared to a 22 per cent pay hike for general practitioners. They make about $350,000 a year with little overhead, he said.

According to the anesthesiologists there is a shortage of doctors in Canada.  Which results in poor patient care.  And long waiting lists.  And paying them more than $350,000 (about $353,000 US) will fix all of that.  According to the BC Health Minister, the anesthesiologists are just greedy.  Who use patients as pawns in their contract negotiations.

Canada is a lot smaller than the US.  So you can imagine how ugly these ‘negotiations’ will be under Obamacare.  The Obama administration will likely castigate doctors withholding their services as holding patients hostage, too.  While attacking them for being part of that greedy 1% the Occupy Wall Street movements so hate.  A movement, incidentally, supported by the current administration.  To provide an enemy to attack as they can’t run for reelection on their record.

Of course, Obamacare may help the Canadian health care system.  By providing a lot of highly skilled health care workers fleeing Obamacare for greener pastures under the Canadian system.  For it is unlikely that the American system will let any of their doctors earn  $353,000.  Not when they’re attacking the evil 1%.  Which, of course, will create poor patient care and long wait lists.  Only worse than in Canada.  Because the US is bigger than Canada.  And has more patients to fill wait lists.


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The Canadians will use Family Histories and Genetic Makeup in Rationing out their Health Care

Posted by PITHOCRATES - February 4th, 2012

Week in Review

One thing I’ve always hated about seeing a new doctor was going through all those questionnaires.  Family history.  Are you a smoker?  Have you worked in an asbestos factory?  Do you wash behind your ears?  They just seemed to want to know everything.  When scarring showed up in an x-ray of my father’s lungs his doctor had a lot of questions for me, too.  Did my father and I work in an asbestos factory and, if not, they were going to check him for tuberculosis.  And if I had any plans to travel or do anything possibly infectious, don’t.  Thankfully, my father’s tests came out negative.  We were at a loss to where that scarring came from.  And I now where a mask while cleaning the cat’s litter box.  Just in case.  Because of the potentially scarring dust it stirs up. 

So anyway, family histories and environmental factors during medical exams were nothing new for us south of the border.  But apparently not in Canada.  Until now (see Feds set to pour millions into personalized health care by Jeff Davis, Postmedia News, posted 1/30/2012 on The Vancouver Sun).

Personalized health care is a medical model that attempts to tailor treatments to the unique needs of individuals by taking genetics and other factors into account. Family health histories are considered, as are other elements such as social and environmental factors.

The government hopes personalized health care will enable doctors to choose which treatments will be most effective, rather than using treatments that are likely to fail due to genetic or other factors…

A government source said this is a “cutting edge” approach to diagnostics and treatment that will help the hospitals waste less time and money on ineffective treatments. He said this is part of a larger federal push for more innovative health-care methods.

Perhaps they’re going to actually add genetic testing for each patient to identify possible treatment resistant genes.  Sounds expensive.  But note the reason why they’re doing this.  To cut costs.  Which is a never ending battle in nationally provided health care.  Here this medical model will help cut costs by rationing treatment.  By determining which treatments will have a low percentage of benefiting the patient.  So they can save that treatment for someone who will have a higher percentage of benefitting from that treatment.

National health care is a game of numbers.  And the way to make it most efficient is by creating a system where they can reserve care to those with an acceptable probability of responding to that care.  And give a pill to the others to manage their pain.  Until there is no more pain to manage.


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Canada chooses Energy and Jobs over Global Warming Alarmism, Says ‘No’ to a New Kyoto

Posted by PITHOCRATES - November 26th, 2011

Week in Review

The Environmentalists in the European Union are wringing their hands together in angst.  Because the Canadians don’t want to play global warming anymore.  Apparently the Canadians found a new game to play.  And it involves wringing oil out of sand (see European politician warns Canada being left behind on Kyoto by Mike De Souza, Postmedia News, posted 11/23/2011 on The Vancouver Sun).

A visiting member of Europe’s Parliament says he is puzzled by Canadian government policies and fears the world may be forced to leave Canada behind as it moves forward in addressing climate change.

“It’s a very strange position for Europe, because really, for us, Canada is a dear partner,” said Kriton Arsenis, from the Progressive Alliance of Socialists and Democrats, the second-largest group in the European Parliament. “It’s an ally in the way that we share values for the environment, social values, how we imagine the state of the world and we somehow feel left alone…”

Canada appears to be the only country attempting to lobby the European Parliament in order to weaken its climate policies, Arsenis said. But he warned that the Canadian government’s position may isolate it from efforts to expand and extend the Kyoto Protocol which set legally-binding targets on developed countries’ greenhouse gas emissions as a first step toward preventing dangerous changes in the atmosphere…

Canada, Russia and Japan have all said they will not accept new targets when the existing commitment period of the Kyoto Protocol expires in 2013, leaving the world without any binding requirements for countries to reduce emissions.

This is strange.  Why would Canada go from Kyoto-embracing to Kyoto-eschewing?  What could have happened to bring about this 180-degree change?  Hmmm, what could it be?  Was it those leaked emails from the University of East Anglia confirming the hoax of global warming?  Did they see through the EU Emission Trading Scheme for what it was?  An extralegal tax to prop up bankrupt governments in the EU?  Or was it something else?

But Oliver attempted to blame the NDP for allowing Arsenis to promote European climate policies that would discourage consumption of fuels with above-average environmental footprints such as synthetic crude oil from Western Canada’s natural deposits of bitumen, also known as oilsands.

“Now (New Democrats) are hosting today a session that is giving support for the European Fuel quality directive which will single out the oilsands for bad treatment,” said Oliver. “It’s based on an unscientific and discriminatory approach. Here they are again opposing the creation of Canadian jobs and economic growth for the country.”

It was something else.  Which can be summarized succinctly and simply as follows:  Money talks and bull [excrement] walks.

These Canadian oil sands are a national blessing.  One of the largest energy deposits ever found in an energy hungry world.  Creating lots of good jobs in a depressed economy.  And energy independence for Canada.  And if the European global warming alarmists think they’re going to take that all away from Canada they’re mad.  Let them find other ways to pay for their excessive government spending.  And not use global warming alarmism to scare people into some new tax and regulatory scheme.


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Unlike the Obama Administration, the Canadians Understand the Energy Sector

Posted by PITHOCRATES - November 5th, 2011

Week in Review

The Obama economic policies are a failure.  Everyone knows this.  Even the Canadians (See Energy sector powers Canadian economy by John Morrissy, Financial Post, posted 10/31/2011 on The Vancouver Sun).

Canada’s economy expanded for the third straight month in August, driven by a rebound in the energy sector and raising expectations for solid growth in the third quarter…

The August data “suggest that the underlying trend in growth is still strong, as the economy appears to have shrugged off dents to confidence stemming from eurozone fiscal jitters, a U.S. ratings downgrade and equity market volatility,” said CIBC World Markets economist Emanuella Enenajor…

If not for the energy sector’s 2.8 per cent advance, GDP for the month of August was unchanged, Statistics Canada reported.

If it wasn’t for energy there would have been no GDP growth.  In other words, if it wasn’t for the energy sector GDP would be as anemic as it is in the U.S.  Because unlike the Americans, the Canadians haven’t declared war on energy.  Oil isn’t a 4-letter word in Canada.  Like it is in America.  Under the Obama administration.

If only we were as capitalistic as Canada we, too, could expand our energy industry to meet record demand.  But no.  Instead the Obama administration wants to finance windmills and solar panels.  Where there is no demand.  Why?  Politics.  And in the Obama administration, politics trumps the economy every time.


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