Re: Manley is an idiot
>>"hate to tell you this, but if the US sneezes (even if we build walls) -- we
>>will still catch a cold. Even with the US running a deficit of half a billion
>>dollars.... it will still take them years to catch up to us. Current
>>debt-to-gdp ratio (all levels of government) are close to 80% in Canada and
>>just over 60% in the United States."
>What about this past recession? It hit the USA much harder than Canada.
Lets see.... why was the "recession" harder on the USA... simple it was the after affects of a bubble economy ".com". There was simply a lesser amount of this economy to be affected. Funny how we think that the US has been through a prolonged and worse recession..... and the unemployment rate in the US now is 5.7%. When was the last time we were at that level? Our per capita income average was lower than Mississippi (when the dollar was at 63%). Our dollar has recovered a little but the average per/capita income is still on the low end of the states in the United States.
>Also, it's worth considering the USA's total external debt. They have a very
>high ratio compared to Canada. They also have a current accounts deficit of
>over half a TRillion (not billion) dollars. Not even the USA can sustainably
>borrow that much over the long term.
Dam, I wish I were able to buy that much.
>On top of that, if/when OPEC switches to selling in euros rather than USD (and >they stand to gain billions by doing so), the USD will implode.
OPEC does that and there might be a big investment in other energy resources.... It would hurt, but with all the United States resources put behind it the end result would be the death of OPEC.
>I'm sorry, but you're being delusional if you think that any common market
>with the USA won't be jigged so that the USA is the winner in every instance.
>NAFTA hasn't protected our exports a great deal, while allowing American
>corporations sweeping powers in Canada through profit protection.
>Do you think Canada would be allowed to retain control of energy policy, or
>fresh water supplies? Canada would be emptied like a shell and then tossed by
>the wayside.
So what you are saying is that we should not get into bed with the United States without being part of the United States
Canada's population is not sufficient to have an internally self-sustaining economy. You would probably need around 60 million more equally distributed.