Posted by: beerdude | August 11, 2009

We Ain’t Out of the Woods Yet …

While the American economy has shown signs of recovery the Canadian economy is still lagging behind. With the unemployment numbers recently announced as well as the report of Canadian bankruptcies mounting, we aren’t out of the woods yet. The Conservative Harper government is still in a state of denial unwilling to further stimulate the economy for fear of putting Canadians further into debt. It’s a double edged sword however, doing something is always better than sitting back and waiting for foreign economies to bail us out indirectly. Unemployment and bankruptcy go hand in hand and I find it hard to believe that these numbers are a surprise to any economist.

The Canadian economy needs more stimulus or faces mounting unemployment numbers and companies going under. When in doubt, throw money at the situation. This always works … at least at the strip club.


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