But we ARE American!

Canada is looking with some nervousness at the Obama administrations proposed ‘Buy American’ jobs act. Hey, we’re in North America too! We’re all Americans here..

Canada is seeking an exemption from the new Buy American provisions in U.S. President Barack Obama’s proposed jobs act, weeks before the exemption for the previous stimulus is set to expire.

Minister of International Trade Ed Fast, citing concerns over a potential “trade barrier initiative,” has launched a round of consultations with Washington to negotiate an extension for a Canadian exemption before a Sept. 30 deadline.

Obama’s proposed $447-billion US American Jobs Act is intended to give a much-needed jolt to a stalled U.S. economy, but in an interview with Evan Solomon on CBC’s Power & Politics Wednesday, Fast characterized the bill as misguided.

“We believe that protectionism is counterproductive, especially during these difficult economic times around the world,” the minister said, adding that 75 per cent of Canada’s trade is with the U.S.

Read the full article over at the CBC.

Sort by:   newest | oldest | most voted
Patiently Waiting
Member
Patiently Waiting

This is from a long, depressing article about the careers of GenX:

"Twenty-eight percent say they are working longer hours, an average of 10 more a week than three years ago, and credit card debt helps dictate career choices for 74 percent"

Read more: http://www.canada.com/life/Generation+stymied+Bab

Keeping An Eye On Th
Guest
Keeping An Eye On Th

Oh Canada,

Our home and indebted……

"But as Macdonald sees it, artificially inflated housing prices are currently masking the severity of the debt problem.

“It’s like you have one disease that causes you to lose too much weight, but you have another disease that causes you too gain to much weight, so you’re sort of OK,” he says. “But in the end, you have these two diseases.”

The day of reckoning, he says, will come when recovery resumes in earnest."

http://canadabubble.com/bubble-watch/2217-canadas

pricedoutfornow
Guest
pricedoutfornow

@Keeping An Eye On The Pimps:

The day of reckoning, he says, will come when recovery resumes in earnest.”

Or…what about when the recovery doesn't come as expected? Debt will drag us down in any case. With the world economic situation the way it is, I'm not sure there will be a recovery anytime soon. Oh, but of course people will continue to buy houses, right?

It seems like we're in a holding position right now. Not great, but not awful either. How long before the scales tip?

Boombust
Guest
Boombust

Odd, isn't it, how FREE TRADE suits certain financial sectors. Until it doesn't.

jesse
Member

There shouldn't be much problem here; Canada buys a lot of goods from the US. Other countries have a seriously positive current account, meaning they aren't doing the same, and that's likely where Obama will put most of his focus.

bubba
Guest
bubba

Obama is simply FDR: the sequel

Welfare state…keep the people demoralized , desperate yet concurrently grateful.

specialfx3000
Member
specialfx3000

We're Number #3, behind Hawaiian shirts and Mickey Mouse.

Worst-dressed cities in the world

http://travel.ca.msn.com/photogallery.aspx?cp-doc

Li Kai Shing
Guest
Li Kai Shing
Hoo Boy ! BC Real Estate saved QUOTE: Plans for a Bering Strait TUNNEL connecting the U.S. to Russia & China – Photo map http://www.rumormillnews.com/cgi-bin/forum.cgi?re… The U.S. and Russia have cooperated in space, and now the two countries are adding high seas to the mix, having set their minds on connecting the Eurasian and American continents via an underwater tunnel in the Bering Strait according to Russia Today. The tunnel is expected to be twice the size of the Channel Tunnel connecting Britain and France. The 65 mile giant would be the key component of a 3,700 mile railroad reaching from Yakutsk, Russia to Canada’s British Columbia. Russia Today adds: “The project is already underway,” said an official from the Russian Ministry of Economic Development, Viktor Razbegin. “The rail track to Yakutsk that we have been building for the past… Read more »
rp1
Guest
rp1

#6 @bubba: Obama is no FDR. He isn't even Herbert Hoover. FDR came into power and the first thing he did was to close all the bankrupt banks. Then he put the permanently unemployed on the government payroll and had them building labour-intensive infrastructure – like running telephone and electricity to rural areas.

Hoover got a bad rap because he tried to prop the system up and he leaned on the private sector. Obama has the same bad approach, but he is far less capable than Hoover. As much as I loathe Bernanke, his buying crap has been the main thing averting a collapse. The Fed probably owns every bankrupt shopping mall in America.

space889
Member
space889

@Patiently Waiting: Ok, where are the boomers who's going to tell us how easy the Gen X, Y, Z, Millenials have it compared to them, and we should get off our lazy butt and stop making excuses!

rp1
Guest
rp1
vreaa
Member

Meanwhile, life goes on in Yaletown:

Borrowed From Dad To Buy Teeny $510K Yaletown Condo; LOC For Closing Costs; Condo Fees “Too High”; $131K Other Debt; Lexus/Toys/Maui – “This guy is in way over his head.”

http://wp.me/pcq1o-2VW

Devore
Member
Devore

@rp1: What Hoover did was at the time downright revolutionary. FDR just took it a step further.

Anonymouse
Guest
Anonymouse

@vreaa:

"He was looking at a teeny condo, so small that I could touch the walls with outstretched arms"

Perhaps in the den or bathroom, but I know of no $510,000 yaletown condos where you can touch opposite walls simultaneously, unless you're able to stretch your arms so they're about 12 feet from finger-tip to finger-tip

bubba
Guest
bubba

As posted earlier, Austrailian banks have a a black book on various Aussie Residential RE, ie " NO LOAN Zones ".

The problem with shoeboxes( small )and shitty PERIOD(ie leakers) is the banks will do some due diligence once they ID the property and find they are hi risk.

If this No Loan Zone starts here as well, and assuming most buyers need a mortgage, lots of owners will be totally F*cked and can't sell…except to cash buyers…greater fool.

However, this benefits buyers….as when the bank says NO to loans Re: Property "X" ..good heads up

bubba
Guest
bubba

Actually Hoover was a traitor, FDR effectively sold out US .

Churchill was one of many authors of the Great Depression, apparently came to the US in late 1920's to observe the havoc he helped create.

vreaa
Member

@Anonymouse: re 12 feet arms…

Poetic license, we presume.

Regardless, we all get the picture… it's not a big place.

Best place on meth
Member
Active Member
Best place on meth

Oh darn, no more bridges shipped from China and built in America by Chinese workers?

registered
Member
registered

@10 space889 Says: "Ok, where are the boomers …."

Not here, I'll continue working 60-70 hour weeks and cancelling vacation to meet work commitments. No time to worry about (lord help us) 39 year old whiners who feel they should have my job not because of what they do, but because of who they are, and who feel entitled to having it so they can work less and yet make more to support their credit card habits. The world is already showing them the value of their efforts. It's hard for me to comprehend how anyone can hold their head up while making those demands but god bless them for assuring me I'll have a job for as long as I want.

Li Kai Shing
Guest
Li Kai Shing

Meth man

I can forsee bamboo bridges being built….much structural integrity.

At least retarded COV Vision party by into it, we throw in free bike lane .

Patiently Waiting
Member
Patiently Waiting

@fixie guy: My original quote from the article, pointed out how GenX are working longer hours, apparently to pay off credit cards.

GenX does get paid less for the same amount of work in Boomers, and less perks like defined-benefits pensions (now unheard of). I'm not denying Boomers work hard, but younger generations work hard for less money. If they are "lucky" to find "career" work at all.

Many Boomers just don't understand the shitty job market since the early 80s. Some do, but many many don't. Even to volunteer now, you have apply like a job and provide references. The whole Human Resources scam (and its credentialism) is a nasty imposition by Boomers, seemly purposely designed to make life increasingly difficult for no good reason.

Boomers can deny it all they want but they gave GenX and GenY raw deals.

Troll
Guest
Troll

@fixie guy:

I’ll continue working 60-70 hour weeks and cancelling vacation to meet work commitments.

And of course still have time to post multiple times daily to VCI…

Retirealreadyboomerb
Guest
Retirealreadyboomerb

@fixie guy:

I’ll continue working 60-70 hour weeks and cancelling vacation to meet work commitments.

And of course still have time to post multiple times daily to VCI…

LOL -Busted! Of course he contributes to VCI while on a conference call, checking emails, and having a washroom break – boomers are multi-taskers don't you know!

paradox
Guest
paradox

Summer is finished in the best place on earth.

Well, we had lots of sunshine in August, and temperatures went almost as high as 25.

Rain and cold season is upon us till next August. I am off to warmer places.

See you then and enjoy life in the best place. Make sure that house/condo wont leak.

Dave
Member

@Patiently Waiting:

Yup. It's true. No point in complaining about it though. Just roll with the flow and deal with it.

Gen X definitely had it bad compared to the boomers. Gen Y was off to a good start up to a few years ago, but they are really hurting with the economic downturn.

wpDiscuz