If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Bloomberg)   The results are in: The oppressive socialist experiment in Canada has driven millions of canucks into poverty. Just kidding, they're now richer than you   (bloomberg.com) divider line 159
    More: Sad, U.S., Canada Day, packet switches, reserve requirements, Charter of Rights, Social welfare in Canada, Ruth Bader Ginsburg, socialism  
•       •       •

2722 clicks; posted to Politics » on 16 Jul 2012 at 11:36 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



159 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | 4 | » | Last | Show all
 
2012-07-16 10:25:01 AM
I was told that they're all wretched beggars who stumble around half crippled because their doctors are all Mister Bean.
 
2012-07-16 10:49:29 AM
Let's get 'em.
 
2012-07-16 10:54:15 AM
Well, 1/5-1/6 of their economy doesn't go into defraying other countries pharmaceutical and healthcare costs, now does it?
 
vpb [TotalFark]
2012-07-16 11:03:57 AM

meat0918: Well, 1/5-1/6 of their economy doesn't go into defraying other countries pharmaceutical and healthcare costs, now does it?


WTF?
 
2012-07-16 11:36:54 AM
I was told Canada was all like Trailer Park Boys. That's not true?
 
2012-07-16 11:37:29 AM

TsarTom: Let's get 'em.


Canada has yellow cake (uranium). Let's get those Muslims!
 
2012-07-16 11:37:32 AM
Yeah, but you still live in igloos.
And your mother is an eskimo.
 
2012-07-16 11:37:51 AM

meat0918: Well, 1/5-1/6 of their economy doesn't go into defraying other countries pharmaceutical and healthcare costs, now does it?


You forgot to account for about a fifth of our economy going to defraying other countries' national defense costs as well.
 
2012-07-16 11:38:35 AM

coeyagi: I was told Canada was all like Trailer Park Boys. That's not true?


No no no, that's just the Maritimes.
 
2012-07-16 11:40:28 AM

Serious Black: meat0918: Well, 1/5-1/6 of their economy doesn't go into defraying other countries pharmaceutical and healthcare costs, now does it?

You forgot to account for about a fifth of our economy going to defraying other countries' national defense costs as well.


Forgot that.

I joke with my wife about when the US will start demanding tribute. What's the point of having an empire if you cannot exact tribute for the protection you give your territories?
 
2012-07-16 11:40:56 AM

vpb: meat0918: Well, 1/5-1/6 of their economy doesn't go into defraying other countries pharmaceutical and healthcare costs, now does it?

WTF?


Never respond to retards or trolls. Retards are too intellectually rigid to correct and trolls are just trying to piss you off.
 
2012-07-16 11:42:10 AM
Because they are habitually selling off their natural resources, just like sub-saharan africa. It will not last
 
2012-07-16 11:43:19 AM
Yeah, this has nothing to do with the Housing Market falling apart... nothing at all...

Spinning shills
 
2012-07-16 11:43:27 AM
Canada for the most part has been a "control group" of what America could have been like had it not been infested since 1979 with fundies, Teabaggers, neofascists, and other life forms of HerpaDerpage.
 
2012-07-16 11:43:48 AM

TsarTom: Let's get 'em.


Operation Leafblower to commence immediately.
 
2012-07-16 11:46:09 AM
"Years of tremendous overspending by federal, state and local governments have brought us face-to-face with an economic crisis. Federal spending will total at least $3.8 trillion this year-double what it was 10 years ago. And unlike in 2001, when there was a small federal surplus, this year's projected budget deficit is more than $1.6 trillion.

Several trillions more in debt have been accumulated by state and local governments. States are looking at a combined total of more than $130 billion in budget shortfalls this year. Next year, they will be in even worse shape as most so-called stimulus payments end.

For many years, I, my family and our company have contributed to a variety of intellectual and political causes working to solve these problems. Because of our activism, we've been vilified by various groups. Despite this criticism, we're determined to keep contributing and standing up for those politicians, like Wisconsin Gov. Scott Walker, who are taking these challenges seriously.

Both Democrats and Republicans have done a poor job of managing our finances. They've raised debt ceilings, floated bond issues, and delayed tough decisions.

In spite of looming bankruptcy, President Obama and many in Congress have tiptoed around the issue of overspending by suggesting relatively minor cuts in mostly discretionary items. There have been few serious proposals for necessary cuts in military and entitlement programs, even though these account for about three-fourths of all federal spending.

Yes, some House leaders have suggested cutting spending to 2008 levels. But getting back to a balanced budget would mean a return to at least 2003 spending levels-and would still leave us with the problem of paying off our enormous debts.

Federal data indicate how urgently we need reform: The unfunded liabilities of Social Security, Medicare and Medicaid already exceed $106 trillion. That's well over $300,000 for every man, woman and child in America (and exceeds the combined value of every U.S. bank account, stock certificate, building and piece of personal or public property).

The Congressional Budget Office has warned that the interest on our federal debt is "poised to skyrocket." Even Federal Reserve Chairman Ben Bernanke is sounding alarms. Yet the White House insists that substantial spending cuts would hurt the economy and increase unemployment.

Plenty of compelling examples indicate just the opposite. When Canada recently reduced its federal spending to 11.3% of GDP from 17.5% eight years earlier, the economy rebounded and unemployment dropped. By comparison, our federal spending is 25% of GDP.

Government spending on business only aggravates the problem. Too many businesses have successfully lobbied for special favors and treatment by seeking mandates for their products, subsidies (in the form of cash payments from the government), and regulations or tariffs to keep more efficient competitors at bay.

Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.

The purpose of business is to efficiently convert resources into products and services that make people's lives better. Businesses that fail to do so should be allowed to go bankrupt rather than be bailed out.

But what about jobs that are lost when businesses go under? It's important to remember that not all jobs are the same. In business, real jobs profitably produce goods and services that people value more highly than their alternatives. Subsidizing inefficient jobs is costly, wastes resources, and weakens our economy.

Because every other company in a given industry is accepting market-distorting programs, Koch companies have had little option but to do so as well, simply to remain competitive and help sustain our 50,000 U.S.-based jobs. However, even when such policies benefit us, we only support the policies that enhance true economic freedom.

For example, because of government mandates, our refining business is essentially obligated to be in the ethanol business. We believe that ethanol-and every other product in the marketplace-should be required to compete on its own merits, without mandates, subsidies or protective tariffs. Such policies only increase the prices of those products, taxes and the cost of many other goods and services.

Our elected officials would do well to remember that the most prosperous countries are those that allow consumers-not governments-to direct the use of resources. Allowing the government to pick winners and losers hurts almost everyone, especially our poorest citizens.

Recent studies show that the poorest 10% of the population living in countries with the greatest economic freedom have 10 times the per capita income of the poorest citizens in countries with the least economic freedom. In other words, society as a whole benefits from greater economic freedom.

Even though it affects our business, as a matter of principle our company has been outspoken in defense of economic freedom. This country would be much better off if every company would do the same. Instead, we see far too many businesses that paint their tails white and run with the antelope.

I am confident that businesses like ours will hire more people and invest in more equipment when our country's financial future looks more promising. Laying the groundwork for smaller, smarter government, especially at the federal level, is going to be tough. But it is essential for getting us back on the path to long-term prosperity."

Anybody care to guess which traitorous anti-American commie wrote the above tripe?
 
2012-07-16 11:46:26 AM

Lost Thought 00: Because they are habitually selling off their natural resources, just like sub-saharan africa. It will not last


Pssh. Have you seen how big Canada is? I don't see us running out of oil or trees anytime soon.
 
2012-07-16 11:46:52 AM
This thread needs more laughing Quakers.
 
2012-07-16 11:47:24 AM
So now they're doing better than us in America Junior.

Thanks a lot, Obama.
 
2012-07-16 11:48:57 AM
They also don't subsidize home ownership through tax policy, so there's that.
 
2012-07-16 11:49:12 AM
POGG.
 
2012-07-16 11:50:36 AM

meat0918: Serious Black: meat0918: Well, 1/5-1/6 of their economy doesn't go into defraying other countries pharmaceutical and healthcare costs, now does it?

You forgot to account for about a fifth of our economy going to defraying other countries' national defense costs as well.

Forgot that.

I joke with my wife about when the US will start demanding tribute. What's the point of having an empire if you cannot exact tribute for the protection you give your territories?


We laugh at your feeble threats.
 
2012-07-16 11:53:02 AM
Canada has pursued a hardheaded (even ruthless), fiscally conservative form of socialism.

Well now you know why it can't happen here.
 
2012-07-16 11:53:49 AM
Well come on, is it even possible to be middle class live to old age and not be run into destitution by medical bills?
 
2012-07-16 11:55:19 AM
Social programs and robust capitalism are not, as so many would have you believe, inherently opposed propositions. Both are required for meaningful national prosperity.

I'm starting to think this article was written just troll the fark politics tab.
 
2012-07-16 11:56:53 AM
FTFA: Alone among finance ministers in the Group of Eight nations, he "resisted the siren call of deregulation," in his words, and insisted that the banks tighten their loan-loss and reserve requirements. He also made a courageous decision not to allow Canadian banks to merge, even though their chief executives claimed they would never be globally competitive unless they did.

Funny how much better things turn out when you don't let bankers dictate policy.
 
2012-07-16 11:57:56 AM
So Bloomberg is trying to chum the waters for a "strong social programs and business regulation are GOOD capitalist business!" narrative? Well, good luck with that.
 
2012-07-16 11:57:56 AM

Serious Black: Because every other company in a given industry is accepting market-distorting programs, Koch companies have had little option but to do so as well, simply to remain competitive and help sustain our 50,000 U.S.-based jobs. However, even when such policies benefit us, we only support the policies that enhance true economic freedom.

Anybody care to guess which traitorous anti-American commie wrote the above tripe?


You left us a clue, Einsteen.
 
2012-07-16 11:59:01 AM
It must be from the infusion of all those recent Obamacare refugees.
 
2012-07-16 11:59:20 AM
There is something to be said about watching your older brother and learning what not to do, soas not to suffer the same consequences. Really. The US has 100 years plus on Canada, we did get a wee bit of a break.

Also a 3 party system works well as a fail safe.
 
2012-07-16 11:59:36 AM
Check again before the next Canadian election. The Conservatives are really pushing a strange untraditionally Canadian mandate. It's like Harper wants us to emulate the US even though we've been doing better than the US lately.
 
2012-07-16 11:59:49 AM

Rapmaster2000: They also don't subsidize home ownership through tax policy, so there's that.


Not through tax policy, no. We do have the CMHC (Canada Mortgage and Housing Corporation), which is not dissimilar from Fannie Mae, to help questionable borrowers enter the market.

Let's face it- the interest deduction in the US only serves to inflate sale prices on the front end. The average house will always cost what the average guy can reasonably afford, that's just math. Make it cheaper to own more house, the cost of that house goes up.

People want to own homes anyways. There's no need to incent it.
 
2012-07-16 11:59:59 AM

Bender The Offender: vpb: meat0918: Well, 1/5-1/6 of their economy doesn't go into defraying other countries pharmaceutical and healthcare costs, now does it?

WTF?

Never respond to retards or trolls. Retards are too intellectually rigid to correct and trolls are just trying to piss you off.


Only slightly trolling.

Americans do pay more than the rest of first world countries for medical procedures and medicine.

Those companies that develop pharmaceuticals need money to fund research, and because Americans are so afraid of "socialism" to actually use the collective bargaining power of 350 million people to negotiate better drug prices, we get gouged to make up for the lower profit margins the companies get selling their drugs in other countries.

I wonder if an unintended consequence from such a development (i.e. if we ever actually got a national level bargaining power of that 350 million people to get better prices), drug prices in other countries would go up.
 
2012-07-16 12:01:56 PM
The important thing to remember is that the US has nothing, absolutely nothing to learn from the Canadians, or anyone else for that matter. For you see, the US is always right and thus whatever we do is always the best thing to do and so we never have to look at other examples for how to do things because those examples would not be as good because they aren't ours.
 
2012-07-16 12:02:29 PM
Pro tip: get tar sands
 
2012-07-16 12:03:27 PM

paygun: Canada has pursued a hardheaded (even ruthless), fiscally conservative form of socialism.

Well now you know why it can't happen here.


Basically the Liberals did the same thing as Democrats did under Clinton. The Liberals just stayed in power so we didn't have "conservatives" to screw it up with unsupported deficit spending in good times (including one less pointless war in the Middle East). Then we didn't have teabag types stopping any efforts to resolve the situation.
 
2012-07-16 12:03:37 PM

Dr Dreidel: Serious Black: Because every other company in a given industry is accepting market-distorting programs, Koch companies have had little option but to do so as well, simply to remain competitive and help sustain our 50,000 U.S.-based jobs. However, even when such policies benefit us, we only support the policies that enhance true economic freedom.

Anybody care to guess which traitorous anti-American commie wrote the above tripe?

You left us a clue, Einsteen.


Shiat. I didn't remember him referencing his businesses specifically in the article, and WSJ won't let anyone directly link anymore. I should listen to the best of winterwhile's trolls for an hour as punishment.

/stupid stupid STUPID!
 
2012-07-16 12:05:14 PM
News flash: Canada introduced free market reforms while the US pursued Keynsian economic policies and increased debt. Free Markets work. Now Canada is reaping the benefits of moving AWAY from socialism.

Yes, I wish we were more like Canada now.
 
2012-07-16 12:06:25 PM

Serious Black: Anybody care to guess which traitorous anti-American commie wrote the above tripe?


i.qkme.me
 
2012-07-16 12:07:58 PM

mander: Pro tip: get tar sands


I grew up in Alberta in the 80s and 90s, and the thought was more or less that tar sands would never be lucrative until the world went to hell.

And yet, here we are... :)
 
2012-07-16 12:09:50 PM

Aidan: mander: Pro tip: get tar sands

I grew up in Alberta in the 80s and 90s, and the thought was more or less that tar sands would never be lucrative until the world went to hell.

And yet, here we are... :)


"You're Welcome" - US Republicans
 
2012-07-16 12:10:22 PM

LargeCanine: News flash: Canada introduced free market reforms while the US pursued Keynsian economic policies and increased debt. Free Markets work. Now Canada is reaping the benefits of moving AWAY from socialism.

Yes, I wish we were more like Canada now.


What saved us from totally imploding during the global economic collapse was that we had a well regulated banking industry. Those countries with the "freest" markets and/or very pooly managed debt markets were the ones that got screwed the worst.

Also, Canada actually has in the past and will in the future use Keynesian manipulation to help recover from recessions. If you look at the Conservative authored "Economic Action Plan". You might say that it's not as far reaching as it should be, but look at it this way... this is our most conservative major party authoring this. This is likely the most conservative federal government we've ever had up here.
 
2012-07-16 12:10:37 PM

TV's Vinnie: Canada for the most part has been a "control group" of what America could have been like had it not been infested since 1979 with fundies, Teabaggers, neofascists, and other life forms of HerpaDerpage.


An alternate timeline where Operation Eagle Claw was a complete success, giving Jimmy Carter a huge boost in credibility and respectability, leading to a narrow victory over Ronald Reagan in the 1980 Presidential Election and a rise in progressiveness and liberalism in the 1980s?
 
2012-07-16 12:11:02 PM

LargeCanine: News flash: Canada introduced free market reforms while the US pursued Keynsian economic policies and increased debt. Free Markets work. Now Canada is reaping the benefits of moving AWAY from socialism.

Yes, I wish we were more like Canada now.


Umm, no.
Regulations were never gutted to the extend of the US.
The fiscal conservatism introduced in the early 1990s to balance the budget was similar to that in the US.
The differences exist under Bush and his tax cuts and military spending creating massive deficits, while the Liberal governments continued to run surpluses that were used to pay off debt.
 
2012-07-16 12:11:16 PM

sleeps in trees: Also a 3 party system works well as a fail safe.


Fail safe for what? It wouldn't be any less susceptible to corrupting influences.
 
2012-07-16 12:12:14 PM

actualhuman: coeyagi: I was told Canada was all like Trailer Park Boys. That's not true?

No no no, that's just the Maritimes.


Hey that is only about 85% of the Maritimes thank you.
 
2012-07-16 12:12:20 PM
Martin also slashed funding to social programs. He foresaw that crippling deficits imperiled Canada's education and health- care systems, which even his Conservative predecessor, Brian Mulroney, described as a "sacred trust." He cut corporate taxes, too.

And for those who don't pay attention:

Martin also slashed funding to social programs. He foresaw that crippling deficits imperiled Canada's education and health- care systems, which even his Conservative predecessor, Brian Mulroney, described as a "sacred trust." He cut corporate taxes, too.
 
2012-07-16 12:14:10 PM

unyon: Rapmaster2000: They also don't subsidize home ownership through tax policy, so there's that.

Not through tax policy, no. We do have the CMHC (Canada Mortgage and Housing Corporation), which is not dissimilar from Fannie Mae, to help questionable borrowers enter the market.

Let's face it- the interest deduction in the US only serves to inflate sale prices on the front end. The average house will always cost what the average guy can reasonably afford, that's just math. Make it cheaper to own more house, the cost of that house goes up.

People want to own homes anyways. There's no need to incent it.


Yeah, the new mortgage rules are interesting:

"Under the rules that went into effect last week, borrowers will be allowed to use up to 80% of their property's value as collateral for home-equity loans, down from 85%.

In addition, the maximum amortization period dropped to 25 years from 30 years for government insured mortgages.

Flaherty also said government-backed mortgage insurance will be limited to homes with a purchase price of less than $1 million."

The National Post is already complaining that the changes are cooling the housing market...but frankly it's an overdue correction.
 
2012-07-16 12:15:20 PM

Occam's Nailfile: Martin also slashed funding to social programs. He foresaw that crippling deficits imperiled Canada's education and health- care systems, which even his Conservative predecessor, Brian Mulroney, described as a "sacred trust." He cut corporate taxes, too.

And for those who don't pay attention:

Martin also slashed funding to social programs. He foresaw that crippling deficits imperiled Canada's education and health- care systems, which even his Conservative predecessor, Brian Mulroney, described as a "sacred trust." He cut corporate taxes, too.


WELL ALRIGHT!!! LET'S CUT EVERYTHING!!!!! CUT IT, I SAY!!!! THE SINGLE ANSWER TO ALL LIFE'S PROBLEMS!!! CUT CUT CUT!!!
 
2012-07-16 12:17:20 PM

bwilson27: Occam's Nailfile: Martin also slashed funding to social programs. He foresaw that crippling deficits imperiled Canada's education and health- care systems, which even his Conservative predecessor, Brian Mulroney, described as a "sacred trust." He cut corporate taxes, too.

And for those who don't pay attention:

Martin also slashed funding to social programs. He foresaw that crippling deficits imperiled Canada's education and health- care systems, which even his Conservative predecessor, Brian Mulroney, described as a "sacred trust." He cut corporate taxes, too.

WELL ALRIGHT!!! LET'S CUT EVERYTHING!!!!! CUT IT, I SAY!!!! THE SINGLE ANSWER TO ALL LIFE'S PROBLEMS!!! CUT CUT CUT!!!


Except defense spending , of course. We can't make ourselves look weak to the Soviets.
 
Displayed 50 of 159 comments

First | « | 1 | 2 | 3 | 4 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report