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Barack Obama’s economic record: End-of-term report

Excerpts from The Economist magazine. NOT since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, […]

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U.S. political debate stuck in the past.

Excerpts from an article by Chrystia Freeland in the Globe & Mail. In choosing Paul Ryan as his running mate, Republican presidential contender Mitt Romney swapped his Massachusetts pragmatism for a proudly ideological commitment to limited government. The Democrats, by contrast, believe in the essential role government plays, and are willing to raise taxes, at […]

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Governments, lotteries, hypocrisy.

Politicians must think the voting public is either stupid or gullible. Each election the opposition party promises to give the voters everything under the sun, and blame the current governing party for everything wrong. Let’s look at budgets, whether here in Canada, the United States, or anywhere else. Let’s look at voters as a lottery […]