Barack Obama
The Canadian economy has grown almost 4% this quarter, double that of its American counterpart. When one takes into account, America has more workers and companies, the irony of the Canadian economy outstripping the United States, brings home the fact, there is something terrible broken in the latter's system. No disrespect is intended to either nation, but it is cause to examine the underlying factors hampering America's growth.
America has fallen behind due to Washington allowing financial fraudsters to run loose with criminal conduct and overspending on the part of U.S. President Barack Obama, who has employed this as a means of fixing the economy, for the past two and a half years, to no success (Obama Calls For Job Summit). Regrettably, President Obama has dug a deeper financial hole than his predecessor, via his costly political and economic policies.
As illustrated by website articles, for years, the Judiciary Report, has not been one to criticize without providing viable solutions. However, the site's financial advice of cutting the national budget, instituting a small 5% tax increase on the nation's rich and going back to the very basic and real principle of making products for export to boost job creation, which America mastered between the 1950s-1980s, fell on deaf ears in Washington (the U.S. government has consistently been in the site stats for years, as visitors to the Judiciary Report).
Washington looked at this website like I was speaking Chinese, in proposing such things over the past four years, even predicting the financial crisis in advance (How George Bush Destroyed The U.S. Economy), which happened two years later in 2008. This is ironic, because China has effectively managed their national budget and increased exports over the past few years and in doing so, became an economic titan. If Washington continues on the spendthrift path it is currently on, America will continue to experience economic declines and fall down the world ladder.
STORY SOURCE
Canada's GDP Expands 3.9%
MAY 30, 2011, 10:59 A.M. ET - OTTAWA—Canada's economy expanded at a 3.9% annualized pace in January through March, the fastest clip in a year and more than double the rate in the U.S., as businesses replenished inventories and boosted investment spending and exports rose while consumer and government spending stalled, Statistics Canada said Monday. Gross domestic product growth was marginally below the consensus call of 4%, and also undershot the Bank of Canada's 4.2% forecast. GDP growth accelerated from a downwardly revised 3.1% ...
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