Saturday, February 14, 2009

Time to follow Canada

In Newsweek Zakarai explains why Canada appears better positioned than Canada to weather the present financial crisis:
Canada has done more than survive this financial crisis. The country is positively thriving in it. Canadian banks are well capitalized and poised to take advantage of opportunities that American and European banks cannot seize. The Toronto Dominion Bank, for example, was the 15th-largest bank in North America one year ago. Now it is the fifth-largest. It hasn't grown in size; the others have all shrunk.
From banking regulations, to immigration, to health care, it sure looks as if Americans could stand to learn a few pointers from their neighbors to the north.

Tuesday, February 10, 2009

The Republicans are right?

Jack Cafferty writes at CNN:
They [the Republicans] want more tax cuts and more real stimulus -- stuff that will create jobs now. Not some pie in the sky proposal that may pay dividends years down the road. And they're right.

That's certainly not how economist Krugman has described the Republican proposals:

Thirty-six out of 41 Republican Senators voted for the proposed DeMint amendment to the stimulus bill — a massive package of permanent tax cuts that would create a huge hole in the budget, while doing very little to help the economy.

There isn’t much room for bipartisanship when 87.8% of the other party is totally irresponsible.

SPECIAL COVERAGE I live-blogged the spontaneous Obama victory celebration in Washington DC. Experience what it felt like to be among thousands of deliriously happy people gathered outside the White House. Click here.

Previously, I had been blogging about the Obama, McCain and the US election. I wrote about Sarah Palin on this blog even before McCain chose her to be his running mate. The choice was disappointing, and a possibility I had anticipated.

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