CANADA – LAND OF OPPORTUNITY

(Article sent to me by: Jim Troyanek an old military Buddy – CAPER) 

        

Canada – U.S. Border 

        Canada is quietly surpassing the U.S. as the land of Opportunity

(I dont mean to be mean spirited but after having lived in the U.S. on three different occasions, I didnt need a U.S. Author to tell me that Canada was the land of opportunity – CAPER)

 

            By James A. Bacon

            The Washington Times

            6:29 p.m., Tuesday, January 4, 2011

 Illustration: Canada and Freedom

        Unless the Winter Olympics are on television or someone is

clubbing baby seals, Americans don’t pay much attention to what’s happening

in Canada. It’s as if we live in a house with a set of quiet, orderly

neighbors on one side and a bachelor pad with drunken parties, girls in the

hot tub and occasional gunshot eruptions on the other. To whom would you pay

more attention?

       I dare say Americans could correctly name the president of

Mexico (Filipe Calderon) over the prime minister of Canada (Stephen Harper)

by a margin of 5-to-1. That’s too bad. While we have every reason to fear

the disorder spilling over from our increasingly lawless neighbor to the

south, our well-mannered Canadian neighbors have pulled their act together.

We could learn a lot from them.

       Look what’s not happening in Canada. There is no real estate

crisis. There is no banking crisis. There is no unemployment crisis. There

is no sovereign debt crisis. Recent reports suggest that consumers are

loading up too much debt, but Canada shares that problem with nearly every

other country in the industrialized world.

       Among the Group of Seven nations, which also include the United

States, France, Japan, Germany, the United Kingdom and Italy, Canada’s

economic activity has come the closest to returning to the pre-recession

peak. The country has recovered three-quarters of all jobs it lost. The

International Monetary Fund estimates that Canada will be the only country

among the G-7 to have achieved a balanced budget by 2015.

       Now, instead of expanding Canada’s welfare state, the

conservative government led by Mr. Harper is intent upon building the

nation’s global competitiveness. Our friends in the Great White North cut

their corporate tax rate to 16.5 percent on Jan. 1 and will see it drop to

15 percent next year. That compares to the current U.S. corporate tax rate

of 35 percent. That will give Canada the lowest corporate tax rate among the

G-7 nations and an eye-popping advantage for businesses wondering whether to

locate on the U.S. or Canadian side of the border.

 

Canada’s Parliament Buildings

       The last time Canadians really caught Americans’ eyes was when

prime ministers such as Jean Chretien and Paul Martin, both leaders of the

Liberal Party, were proving uncooperative in the realm of foreign policy.

American media played up disagreements over the invasion of Iraq and

Canadian participation in the American National Missile Defense Program,

which made President George W. Bush look bad and confirmed the narrative

that his cowboy foreign policy had alienated old friends around the world.

By contrast, when Canadian soldiers under the conservative government became

active combatants in Afghanistan, the American media showed little

interest.

       But that’s nothing new. Except to note how well or how poorly

Canada’s national health care system was working, Americans have paid little

heed to news coming out of Ottawa. The titanic effort of both Canada’s

liberal and conservative parties in the 1990s and 2000s to rein in

government spending largely escaped our notice. Nor did it ever occur to

anyone to wonder why, with our economies so closely entwined, U.S. housing

prices were busting through the roof while Canadian houses remained so

sensible.

       It turns out that Ottawa’s housing policies and banking

regulations tempered the boom in real estate prices. No tax deductions for

mortgage interest payments. And get this: Buyers actually had to make down

payments on their houses. Because there was no real estate bust, there was

no banking crisis. (Indeed, healthy Canadian banks are snapping up U.S.

financial assets.) Despite the lack of public policies geared toward

stimulating homeownership, Canadian homeownership was 68.4 percent in 2008.

That would be a higher number than in the United States, which was 67.4

percent in 2009.

       Lesson to Americans: If you want affordable housing, stop

promoting policies to make it more “affordable.”

       Meanwhile, Canada has many of the same assets that Americans

like to brag about, such as an immigrant tradition that invites foreigners

to live and work in the country. On a per-capita basis, the rate of legal

immigration to Canada is comparable to that to the U.S. Settling in

world-class, creative cities like Toronto and Vancouver, foreigners add

immeasurably to the nation’s wealth-creating capacity

       Talented Canadians have long regarded the United States as the

land of opportunity. It may not be long before Americans see our northern

neighbor as the land of the future.

Here’s another good reason to attend the RTP meeting on Wednesday: James Bacon of www.baconsrebellion.com is the featured speaker. He is the author of Boomergeddon and also speaks nationally (CNN and radio talk shows across the U.S. and Canada) about the national debt and out-of-control congressional spending. Read about Jim Bacon.

James A. Bacon  

 

James A. Bacon is author of the book “Boomergeddon” (Oaklea

Press, 2010) and publisher of the blog by the same name.

 

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One response to this post.

  1. Posted by Bette (Ryan) Turnbull on February 3, 2011 at 22:01

    Nice to see they’re starting to get it! Being here in Florida for the past 3 winters make me realize just how ignorant the Americans really are of anything North of their border. Great article!

    Reply

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