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You Americans Have No Idea Just How Good You Have It With Obama
Many of us Canadians are confused by the U.S. midterm elections. Consider, right now in America, corporate profits are at record highs, the country's adding 200,000 jobs per month, unemployment is below 6%, U.S. gross national product growth is the best of the Organization for Economic Cooperation and Development (OECD) countries. The dollar is at its strongest levels in years, the stock market is near record highs, gasoline prices are falling, there's no inflation, interest rates are the lowest in 30 years, U.S. oil imports are declining, U.S. oil production is rapidly increasing, the deficit is rapidly declining, and the wealthy are still making astonishing amounts of money.
America is leading the world once again and respected internationally — in sharp contrast to the Bush years. Obama brought soldiers home from Iraq and killed Osama bin Laden.
So, Americans vote for the party that got you into the mess that Obama just dug you out of? This defies reason.
When you are done with Obama, could you send him our way?
Richard Brunt
Victoria, British Columbia
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Let me guess ... this is a joke, right? Or, are Canadians really that disconnected?
Don't know why you're dissing our good neighbors to the North. Not only do Canadians live longer, healthier lives than we do but;
How America's middle class fell behind its Canadian neighbours
Canadians pay lower college tuition, cheaper medical care and less income inequality. What is the US doing wrong?
27 April 2014
If you’re a proud member of America’s middle class, you may have been startled to learn last week that your
after-tax income now makes you worse off than your Canadian neighbors to the north. They can now claim the title of the
richest middle class on the planet.
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Education levels may still be high among those of us over 50, but younger
Americans aren’t as competitive. Then there’s the fact that employees get a
smaller share of corporate pie than do executives: CEOs are paid more; the
minimum wage is lower. That has left
American incomes flatlining – and in contrast to European nations and Canada, the government plays very little role in redistributing income.
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Canada seems to realize this: that’s why the government subsidizes the vast majority of the
tuition tab. Today, if a Canadian teenager gets into Queen’s, McGill or Dalhousie, or one of any number top universities, their
tuition will still set them back only $6,500 a year or so. Princeton, analogous in status to Queen’s or McGill? Next year’s tuition bill will be $40,170.
Then there’s
Canada’s healthcare system. (Remember, the LIS
[Luxembourg Income Study] analysis is of
after-tax income, and the bill for those
education and health benefits are paid from taxes.)
Yes, the state single-payer system (administered through the provinces) means that in some regions and for some kinds of care, pockets of scarcity can emerge. If you want an MRI tomorrow, odds are that isn’t going to happen, unless it’s a medical emergency.
On the plus side, when your turn comes,
you won’t be billed for it.
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Those are two big-ticket items about which most Canadians have to worry much, much less than their American cousins south of the border. Today, they also have to worry less about a third item:
mortgage costs. (Here it’s harder to compare apples to apples, since Canadian banks don’t offer 25-year mortgage loans). A five-year adjustable rate mortgage in the US has an average rate of 3.34%, according to Bankrate.com; in Canada, you could get a similar loan for 2.3%.
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In the United States, individual members of the middle class have seen their after tax take-home pay flatline but still must shoulder the burden for those expenses, which have risen at rates far exceeding the rate of inflation.
In Canada, not only is the middle class now better off after paying its taxes, but it is free of a large part of that burden altogether. Now, that’s food for thought – and debate.
Oh, now I see why you're dissing our Northern neighbors - you're the jealous type, why am I not I'm not surprised.
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