voltagecreative.com— There’s not much I like more than a good info graphic. With words like “billions” & “trillions” crowding the headlines lately, this one puts thing in perspective.
Nov 25, 2008View in Crawl 4
Canada is expected to produce its first budget deficit since 1997, and it'll be the first in the series of many. Canada lags behind the US by about 2 years. Now they're making all the same mistakes US did, believing it's possible to fix a busted dam with water. In Canada as oppose to the US 30% of jobs are paid for through taxes. In the US the number is 20%. That means when deficits develop, for ever 2 government employees that the US has to cut, Canada will cut 3. Unlike the US Canada's ability to borrow from overseas is limited. Regulation business? Don't make me laugh! In BC the median house price was higher than it was in California in the past 10 years. The rate of sales was also higher, yet the median income lagged by about 20% behind. So, people making less were able to buy more houses somehow, without sub-prime grade loans, right? How come Canadian automakers are going bankrupt. How come the BCE takeover failed due to insolvency? How come the bank shares are falling and so do the profits (with TD Canada Trust being the only bank holding relatively well)? How come Ontario is screaming "recession"? Is it because Canada is so much different from the US?
There needs to be a revolution. And every single one of those responsible for pushing this on us need to be put in focus for arrest and subsequent due process with two choices of execution or life in jail. But every person from Paulson to Bernanke, the current administration, and all those behind the Federal Reserve need to be under constant scrutiny and pay the price when things go down IMO. If we let their treason stand it will be to our severe detriment.
I should temper my thoughts by reading comments first, BUTI shoot from the hip: off the lip:)~"The Louisiana Purchase and the New DEAL were best the spent money in history, very different kinds of expenditure, apple and oranges but absolutely nutritious!"
I'm thinking they were trying to argue that the bailout cost more than any single endeavor by the US ever. It just happened that all of those major projects combined (sans WWII) didn't even equal the current bailout price
th0rusNov 25, 2008
Damn, should I start stocking up on canned goods and water and possibly buy a gun?
bestenemyNov 28, 2008
Canada is expected to produce its first budget deficit since 1997, and it'll be the first in the series of many. Canada lags behind the US by about 2 years. Now they're making all the same mistakes US did, believing it's possible to fix a busted dam with water. In Canada as oppose to the US 30% of jobs are paid for through taxes. In the US the number is 20%. That means when deficits develop, for ever 2 government employees that the US has to cut, Canada will cut 3. Unlike the US Canada's ability to borrow from overseas is limited. Regulation business? Don't make me laugh! In BC the median house price was higher than it was in California in the past 10 years. The rate of sales was also higher, yet the median income lagged by about 20% behind. So, people making less were able to buy more houses somehow, without sub-prime grade loans, right? How come Canadian automakers are going bankrupt. How come the BCE takeover failed due to insolvency? How come the bank shares are falling and so do the profits (with TD Canada Trust being the only bank holding relatively well)? How come Ontario is screaming "recession"? Is it because Canada is so much different from the US?
Closed AccountNov 28, 2008
You need to add 9 zeros behind that, Princess, due to the federal bailout of mirrors.
coolhandluke70Nov 29, 2008
There needs to be a revolution. And every single one of those responsible for pushing this on us need to be put in focus for arrest and subsequent due process with two choices of execution or life in jail. But every person from Paulson to Bernanke, the current administration, and all those behind the Federal Reserve need to be under constant scrutiny and pay the price when things go down IMO. If we let their treason stand it will be to our severe detriment.
dailycrowDec 8, 2008
I should temper my thoughts by reading comments first, BUTI shoot from the hip: off the lip:)~"The Louisiana Purchase and the New DEAL were best the spent money in history, very different kinds of expenditure, apple and oranges but absolutely nutritious!"
gausswaffleDec 10, 2008
I'm thinking they were trying to argue that the bailout cost more than any single endeavor by the US ever. It just happened that all of those major projects combined (sans WWII) didn't even equal the current bailout price
tivaelydocDec 11, 2008
It wasn't a government project.