polaris_x wrote:it's not as bad here as we didn't have the personal debt issues americans have and our financial institutions are for the most part very sound ... manufacturing and everything related (see auto industry) have taken a huge hit ... we've spent billions on stimulus - not sure how well that's worked but for the most part people are trucking along ...
jlew24asu wrote:polaris_x wrote:it's not as bad here as we didn't have the personal debt issues americans have and our financial institutions are for the most part very sound ... manufacturing and everything related (see auto industry) have taken a huge hit ... we've spent billions on stimulus - not sure how well that's worked but for the most part people are trucking along ...
so quick to knock America and praise Canada eh? maybe get for facts straight. Canada is in the shithole as much as any other nation.
http://www.cbc.ca/consumer/story/2009/0 ... bt854.html
Household debt in absolute terms climbed to a record-breaking $1.3 trillion in 2008, according to a report released by the Certified General Accountants Association of Canada.
Unemployment is 8.5%, worst in 11 years.
http://www.statcan.gc.ca/subjects-sujet ... pa-eng.htm
yea, trucking along just fine.
VINNY GOOMBA wrote:jlew24asu wrote:polaris_x wrote:it's not as bad here as we didn't have the personal debt issues americans have and our financial institutions are for the most part very sound ... manufacturing and everything related (see auto industry) have taken a huge hit ... we've spent billions on stimulus - not sure how well that's worked but for the most part people are trucking along ...
so quick to knock America and praise Canada eh? maybe get for facts straight. Canada is in the shithole as much as any other nation.
http://www.cbc.ca/consumer/story/2009/0 ... bt854.html
Household debt in absolute terms climbed to a record-breaking $1.3 trillion in 2008, according to a report released by the Certified General Accountants Association of Canada.
Unemployment is 8.5%, worst in 11 years.
http://www.statcan.gc.ca/subjects-sujet ... pa-eng.htm
yea, trucking along just fine.
Well...
Canada's population: 33 million, 1.3 trillion in debt.
America: 300 million, 13 trillion in debt.
They're in proportion, that's for sure. The unemployment rates are the same. I think the difference is THE MASS HYSTERIA THE MEDIA CREATES HERE in regards to this economic crisis. I'm sure things aren't as batshit crazy over this whole mess in Canada.
Just my guess though
jlew24asu wrote:http://www.cbc.ca/consumer/story/2009/05/26/canada-household-debt854.html
Household debt in absolute terms climbed to a record-breaking $1.3 trillion in 2008, according to a report released by the Certified General Accountants Association of Canada.
Unemployment is 8.5%, worst in 11 years.
http://www.statcan.gc.ca/subjects-sujet ... pa-eng.htm
yea, trucking along just fine.
Canada’s strong link with the United States has to a great extent impacted on the economy of Canada, but is better placed than most countries with similar relationships with the U.S. due to sound policy management and proactive steps taken to maintain financial and economic stability.
polaris_x wrote:jlew24asu wrote:http://www.cbc.ca/consumer/story/2009/05/26/canada-household-debt854.html
Household debt in absolute terms climbed to a record-breaking $1.3 trillion in 2008, according to a report released by the Certified General Accountants Association of Canada.
Unemployment is 8.5%, worst in 11 years.
http://www.statcan.gc.ca/subjects-sujet ... pa-eng.htm
yea, trucking along just fine.
honestly ... you must come on here and just look for tiniest things to get you going ...
polaris_x wrote:are you denying the US has suffered greatly from overextended and unpaid loans? ... gripes ...
polaris_x wrote:and if you read the article you posted - you will see that 79% said that debt is manageable and is related to inflation and general day to day living costs ...
from: http://www.bizymoms.ca/business/canadian-economy.htmlCanada’s strong link with the United States has to a great extent impacted on the economy of Canada, but is better placed than most countries with similar relationships with the U.S. due to sound policy management and proactive steps taken to maintain financial and economic stability.
i'm not saying it's great but we're managing here ...
polaris_x wrote:only you would take my original post as bashing america and praising canada ... all i said was we didn't have the same personal debt related issues - again, if that is false - feel free to correct me ...
polaris_x wrote:go and read any world economic study on Canada - it should go without stating that every country has suffered from this global economic crisis - my comments are relative to the situation the world finds itself in ...
jlew24asu wrote:polaris_x wrote:only you would take my original post as bashing america and praising canada ... all i said was we didn't have the same personal debt related issues - again, if that is false - feel free to correct me ...
I'm not talking about your posts in this thread. I'm talking about your track record on this board of bashing America every chance you get. but it very predictable that you would say "not as bad here as we didn't have the personal debt issues americans have" which is absolutely false. and I did correct you. Canada debt is at RECORD levels and like Vinny pointed out, just as bad as America proportionately.polaris_x wrote:go and read any world economic study on Canada - it should go without stating that every country has suffered from this global economic crisis - my comments are relative to the situation the world finds itself in ...
I read economic studies for a living. you comments are NOT relative to the situation. Canada is hurting just as bad as any other country. you seem to be downplaying that fact because of your ignorance to the situation at hand and your bias towards Canada being better the everyone else.
gimmesometruth27 wrote:jlew24asu wrote:polaris_x wrote:only you would take my original post as bashing america and praising canada ... all i said was we didn't have the same personal debt related issues - again, if that is false - feel free to correct me ...
I'm not talking about your posts in this thread. I'm talking about your track record on this board of bashing America every chance you get. but it very predictable that you would say "not as bad here as we didn't have the personal debt issues americans have" which is absolutely false. and I did correct you. Canada debt is at RECORD levels and like Vinny pointed out, just as bad as America proportionately.polaris_x wrote:go and read any world economic study on Canada - it should go without stating that every country has suffered from this global economic crisis - my comments are relative to the situation the world finds itself in ...
I read economic studies for a living. you comments are NOT relative to the situation. Canada is hurting just as bad as any other country. you seem to be downplaying that fact because of your ignorance to the situation at hand and your bias towards Canada being better the everyone else.
yeah jlew, i am sure your last sentence is the only reason :roll: . why do you have to automatically assume bias and say people bash america? i am american and i did not interpret anything he said as bashing america.
polaris_x wrote:maybe, god forbid, he was speaking of his own personal situation??
mitchmoore2 wrote:How is your economy doing? All I hear on the news here is about our economy being in the toilet but I never hear much about your situation. I cant find much online either? Help!?
VINNY GOOMBA wrote:jlew24asu wrote:polaris_x wrote:it's not as bad here as we didn't have the personal debt issues americans have and our financial institutions are for the most part very sound ... manufacturing and everything related (see auto industry) have taken a huge hit ... we've spent billions on stimulus - not sure how well that's worked but for the most part people are trucking along ...
so quick to knock America and praise Canada eh? maybe get for facts straight. Canada is in the shithole as much as any other nation.
http://www.cbc.ca/consumer/story/2009/0 ... bt854.html
Household debt in absolute terms climbed to a record-breaking $1.3 trillion in 2008, according to a report released by the Certified General Accountants Association of Canada.
Unemployment is 8.5%, worst in 11 years.
http://www.statcan.gc.ca/subjects-sujet ... pa-eng.htm
yea, trucking along just fine.
Well...
Canada's population: 33 million, 1.3 trillion in debt.
America: 300 million, 13 trillion in debt.
They're in proportion, that's for sure. The unemployment rates are the same. I think the difference is THE MASS HYSTERIA THE MEDIA CREATES HERE in regards to this economic crisis. I'm sure things aren't as batshit crazy over this whole mess in Canada.
Just my guess though
jlew24asu wrote:yea, trucking along just fine. but your banking system has been resilient mostly because of ridiculously high regulation and control by the government.
Damn regulation creating a system that is more stable and resilient than the banks/casinos we have here! 
blackredyellow wrote:
You are probably right... our freakin' media talks for hours and days and weeks straight about how bad our economy is, and how fucked we are.... over and over and over again... of course people watching that and hearing that over and over again will have more pessimistic views of our economy.
soulsinging wrote:jlew24asu wrote:yea, trucking along just fine. but your banking system has been resilient mostly because of ridiculously high regulation and control by the government.
Boy doesn't that sound awful
jlew24asu wrote:I'm not talking about your posts in this thread. I'm talking about your track record on this board of bashing America every chance you get. but it very predictable that you would say "not as bad here as we didn't have the personal debt issues americans have" which is absolutely false. and I did correct you. Canada debt is at RECORD levels and like Vinny pointed out, just as bad as America proportionately.
jlew24asu wrote:I read economic studies for a living. you comments are NOT relative to the situation. Canada is hurting just as bad as any other country. you seem to be downplaying that fact because of your ignorance to the situation at hand and your bias towards Canada being better the everyone else.
polaris_x wrote:jlew24asu wrote:I'm not talking about your posts in this thread. I'm talking about your track record on this board of bashing America every chance you get. but it very predictable that you would say "not as bad here as we didn't have the personal debt issues americans have" which is absolutely false. and I did correct you. Canada debt is at RECORD levels and like Vinny pointed out, just as bad as America proportionately.
this is your problem - you even just admited ... you come on here and already you read things without objectivity - seriously, i humbly suggest you ignore me because essentially that is what you are doing anyways ... nothing i say ever gets thru to you because you simply can't comprehend what it is i'm saying - you have your back so far up all you see bashing ...jlew24asu wrote:I read economic studies for a living. you comments are NOT relative to the situation. Canada is hurting just as bad as any other country. you seem to be downplaying that fact because of your ignorance to the situation at hand and your bias towards Canada being better the everyone else.
how can you say my comments are NOT relative to the situation? ... who are you to say the context of my posts? ... i'm assuming everyone knows we're in a global economic crisis ... i even wrote in my original post that our manufacturing got hit hard ...
anyways - i never said canada is better than anyone else EVER ... i know that because i don't believe it ... again - if you come on this board with your personal prejudices - you're wasting your time because you won't learn anything or get anything out of all this ...
jlew24asu wrote:soulsinging wrote:jlew24asu wrote:yea, trucking along just fine. but your banking system has been resilient mostly because of ridiculously high regulation and control by the government.
Boy doesn't that sound awful
for banking, maybe. but its hard to say where to draw the line on regulation and government control. when is it too much or not enough :?: I really really really hope we figure that out based on the shitstorm that just happened.
) 
