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UtopianRanger -> RE: Canadian election (1/25/2006 4:23:04 PM)
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quote:
For an example of economy, the Canadian dollar is the strongest it has been in ages, and it has become that way under the Liberal regime.
My friend....
The rise in the Canadian dollar has little to do your liberal government.
Now... others say no WMD's, Iraq, lies, and torture are things we should me mad about.... I think they should be more angry with both a continued trade imbalance {With your country - that decreases the value of our dollar} and the systematic fall of the American dollar and how it has been devalued by over thirty-five percent since Bush has been in office.
The liberals are crying about tax breaks.... those are false tax breaks. When the dollar declines in value over thirty-five percent in one administrations tenure, that equates to a monumental loss in purchasing power by consumers in this country. And that my friend, is nothing more than a hidden-tax on US citizens that they haven't figured out yet -- Because they're to busy watching football and immersed in who Trump is going to fire next.
This is just my opinion and others will have theirs, but the reason the Canadian dollar has increased in value against the US, is simply because of the continued trade imbalance and the drop of tariffs in export markets as they relate to raw materials/commodities such as lumber, steel, ore, minerals, etc.
It's bad for the US consumer {again their buying power is diminished} but good for corporations {and Canadian citizens} in the US that produce goods for export --- Because with the dollar falling against other currencies, it makes goods produced in the United States more of a marketable commodity.
The other factor is that many of the Petroleum producing nations have been divesting in US dollars and switching to the Euro {as a monetary standard}, which essentially puts less of a dependence on the dollar as a world monetary standard, hence devaluing it.
We are living off the fruits of cheap labor, but everytime they become a little richer, we become a little poorer. Like I said before... it's very slow process of sitting in the pot until the water gets really hot.... then your cooked and you can't jump out! ; }
JMHO
- The Ranger
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