Canada is Kicking America’s Economic Behind
If you’ve ever seen the film Canadian Bacon (1995), which was written, directed and produced by Michael Moore before he became obnoxious, you learn that Canada is of no real consequence to the United States.
But since the US economy is in a rut and the president’s approval rating is in the toilet, the president’s advisors come up with a brilliant idea. “What we need is a good war, but the Russians aren’t interested. Hey — how about that big polite country to the north?” Canada gets no respect in this film:
The Canadians. They walk among us. William Shatner. Michael J. Fox. Monty Hall. Mike Meyers. Alex Trebek. All of them Canadians. All of them here. Think of your children pledging allegiance to the maple leaf. Mayonnaise on everything. Winter 11 months of the year. Anne Murray — all day, every day.
Well, it seems the joke is now on US. Canada is getting its fiscal house in order. While we’re spending like there’s no tomorrow, Canada is fixing its “fiscal mess” by focusing “on private economic growth,” the Wall Street Journal is reporting.
“Canada’s federal debt as a share of GDP is forecast to fall to 28.5% in 2016–17 from 33.8%. Add in state debt and that number is closer to 66%, but the trend is in the right direction, while America’s is heading toward 70% and rising.”
Get this. Even the Socialists are getting on board the train of fiscal responsibility and tax cutting:
“Alberta’s Ralph Klein in the 1990s cut taxes, slimmed government and created a stable investment climate. Saskatchewan’s socialists, British Columbia and Ontario reformed too. The Harper government took power in 2006 and started to cut taxes, trim government employment and clinch free-trade deals. Canada’s corporate tax rate is now 15%, compared with America’s 35%.”
Instead of putting obstacles in front of energy companies, Canada considers its “energy resources as national assets to be exploited — with as few delays as possible.” Are the Democrats paying attention? “Contrast this with the multiple reviews that have stymied the Keystone XL pipeline from Canada and North Dakota’s Bakken Shale to the Gulf Coast.”
What we may be seeing is American companies crossing the border into Canada to save 20% on their corporate earnings. That’s a big chunk of change.
Canada’s almost like the United States, maybe it’s time to consider a move there.