http://finance.google.com/finance?q=currency:cad
At least all those Canadian pennies I've found in circulation are now worth something
At least all those Canadian pennies I've found in circulation are now worth something
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$1 US < $1 CAD
- Thread starter Kamex
- Start date
ROFL! So true... I call siggying this.
LOL @ north america covered by the star spangled banner.
Edit: upon further consideration, I lol even harder at the fact that Americans didn't want this sooner...oh wait, nevermind, they were up on other dollars in North America. Even Germany wanted the Euro- when they knew they'd pay all the slacker idiots defecit.
My personal favorite part is the part where it calls Canada and Mexico socialist nations. I'm really curious what their definition of socialist is that defines Canada as socialist but not the United States.
qft
Probably the best thing I've read all week.
I think I need to move to Canada and bunk up with majesty *wink wink*
Dood...don't give away our secret. Don't be so gay about it either!
LOL @ critical hit.
well this will make shopping on ebay more profitable
I'm glad for at least that.
Less for the fact that we still pay more than americans for all products in stores even though we've reached near parity for months and that it isnt helping our manufacturing businesses, which in Quebec, we depend heavily on. Right now where I live, we pretty much have all the disadvantages of a strong dollar without the advantages.
I'm glad for at least that.
Less for the fact that we still pay more than americans for all products in stores even though we've reached near parity for months and that it isnt helping our manufacturing businesses, which in Quebec, we depend heavily on. Right now where I live, we pretty much have all the disadvantages of a strong dollar without the advantages.
More like:
Idiot Americans used Credit Card Overload!
It's a critical hit!
US Savings Rate fainted.
Creditor Nations wins!
Bush has ZERO to do with the economy once a budget passes, and has actually helped by reducing taxes. Anyone who has even basic knowledge of how the US government works knows this.
It's a combination of many things actually and the military budget overload certainly is one of those factors. Along with the crash of the mortgage loan market and that ridiculously small interest rate on investments that dont really favorise outside investors at all.
And if you look on the canadian side, they still sell oil like crazy which tiped the balance even more.
And if you look on the canadian side, they still sell oil like crazy which tiped the balance even more.
More like the financial services industry is in turmoil over the sub-prime mortgage crisis. Banks are refusing to lend to each other and liquidity has dried up. Several hedge funds have defaulted and big players like Goldman Sachs and Bear Stearns have been somewhat humbled. The result is a nosedive in consumer and investor confidence, causing capital to flow out of the country and the USD to depreciate. The Federal Reserve slashed interest rates to 4.75% and the discount rate to 5.25% last Tuesday in response to the crisis, which does no (big) favours for the strength of the dollar either.
Hey guys, we're going to fight two wars! How are we going to finance the major expenses associated with wars? By cutting taxes of course! TAX CUTS TAX CUTS TAX CUTS!!
By the way, Guiliani thinks the same thing -- that revenue lost by tax cuts can be balanced out by even more tax cuts.
'Amero' is just the politically correct way of saying we're going to take over Canada and enslave Mexico.
Amero, Manifest Destiny, your words don't scare us >=o
=/
There's not necessarily a correlation between strength of the currency and strength of the economy, at least not in terms of GDP. In fact, it's a disadvantage to Canada to have a dollar that is so strong. Something like 80% of our exported goods go to America, and if the Canadian dollar is stronger it means those goods will cost more, which means America might be less inclined to buy from us, and will look elsewhere.
"If we were going to eliminate it, though, we'd have to balance it with additional tax cuts."
He made it clear that he agrees that if the AMT was eliminated it would result in a huge deficit -- thus he couldn't think we're on the right side of the Laffer curve -- and suggested that the way to balance the lost revenue would be with even more tax cuts.
Bush only really cut taxes for the rich. While he claims success at 5 million jobs created since then, you can't really call it that. That is the case because Clinton had taxed the wealthy more and created over 4x as many jobs. Also, the reasons for the dollars falling was explained by McGraw. While the Fed did cut rates, that actually has not helped because it's not doing anything to slow the risky trading. This is just going to lead to another government bailout because we didn't actually do anything to prevent it. It wasn't just credit cards as you had said; it was also our trade deficits and the collapse of the subprime mortgage market. This bust only happened because of that and our trade deficits and energy dependencies will make us continue to lose money, as does the war in Iraq because of undisciplined spending and the unfettered free market.
You can't do that though since tax cuts means less revenue anyway.
"The Rich" is a fancy word that is designed to stir up class envy, usually leading to the election of a Democrat who lives in a gated community and sends their kids to private school who "wants to protect you from those evil rich people in their gated communities who send their kids to private school." My parents both own small businesses that basically only sustain themselves, but the government considers them "the rich." It's always cool to blame "the rich" for not paying their fair share, just remember that you and your family may very well be the much maligned rich when the actual policy comes out.
In the world of static economics yes, but if that is the case, why not just double taxes? Double taxes would mean double revenue.
Except for that little gremlin called consumption. When taxes go down people have more money to spend and thus consume more, leading to an overall increase in tax revenues. This is best evidenced by any tax cut in history. When taxes go down, actual revenues go up because taxes on consumption make up for more than the loss in taxes on income.
The income tax is easily the most idiotic tax ever. The middle class gets squeezed the most while the poor pay nothing and the asset rich (Read: Ted Kennedy, Paris Hilton and their lot) also pay a miniscule amount.
Foreign oil is also a sticky wicket that no-one, left or right seems to want to do anything about. Drilling in ANWR might upset the proflific snowy owl and alaskan caribou populations. Ethanol is horribly inefficient, and Hydrogen Fuel is too far away to be implemented. The fact is, we'll be on oil and coal for a while until people stop wasting time on energy boondoggles and faux environmental concerns. I for one think our whole system would be more efficient if we put term limits on Senators and House Reps. They spend more time preserving their incumbency than they do working for the people who put them there in the first place.