Here's a graph of how Canada's economy stacks up among world nations,
along with a detailed graph of the US situation:
I think Canadian public debt/GDP is now 38%, compared to about twice
that for the US, and the US figure is going to reach 100% while
Canada's ratio will continue to decline, to zero in a few decades. So
if the Canadian ever gets into another recession (because the US
stimulus is too small or because Germany's Merkel refuses to face
reality and implement much needed stimulus), it will be in a much,
much better position to finance any needed stimulus than most nations
Yeah, but we're still an exporting nation. We don't have the population
to do otherwise, and if those Ontario and Quebec lefties succeed in
hamstringing oilsand production in Alberta and Sask they're going to
learn real time what "let the Eastern bastards freeze in the dark
Oh, and the US is going to have some energy problems, too. China,
“The problem with socialism is that eventually you run out of other people’s
money.” - Margaret Thatcher
China, who consumes fossil fuels at less than half the rate of the
is making serious investments in renewable energy sources while we in
the USA continue to whistle in the dark.
The latest being the guy in New Jersey who has developed a new lower
Tried to get investment capital in the USA, was told it would take in
excess of $750K up front in just legal fees and permits to get
The Chinese welcomed him with open arms.
They are closing the deal as this is written.
Well, according to CIA Factbook 2008 data China's electric power
generation was within 85% of that of the US and they're adding roughly
500 MWe of generation per/_WEEK_ (MIT, EIA) and IEA and EIA estimates
70% of that will be coal-fired thru 2030. They've added 1000 TWH-hrs of
coal-fired generation between 2005 and now.
It won't be long before they've caught and passed US. Meanwhile, indeed
they're looking at alternative but it's going to be nearly impossible to
see in the larger picture as being of any real difference. One thing
for sure is they're not going to hamstring their economic development on
the say-so of the green movement.
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