Unlike ours, the Canadian economy is hot. How can that be, eh?
On Thursday, Canadian Prime Minister Stephen Harper announced that he will slash corporate taxes again on Jan. 1 in the final stage of his Economic Action Plan, dropping the federal business tax burden to just 15%.
Along with fresh tax cuts in provinces such as Alberta, total taxes for businesses in Canada will drop to 25%, one of the lowest in the G7, and below the Organization of Economic Cooperation and Development average.
Combined with free trade, actual energy development (as opposed to the "green" junk associated with US policies), and shrinking government - removing it from individual lives wherever possible - Canadian incomes are on the rise, the Loony is strong, and the country has an AAA credit rating. Their unemployment rate is also lower than in the USA.
"The Harper government has pursued a strategic objective to disembed the federal state from the lives of citizens," wrote University of Calgary Professor Barry Cooper, in the Calgary Herald.
It's unfortunate for the rest of us that Obama and his minions are incapable of learning.
