I heard a clip of The One yesterday talking about cutting that deficit on the news as I drove around town.
Obama said that he would halve the deficit….THAT HE HAD INHERITED.
Of course, the typical headline reads:
WASHINGTON (Reuters) – President Barack Obama pledged on Monday to cut the ballooning U.S. budget deficit by half in the next four years and said the country would face another economic crisis if it did not address its debt problems soon.
Oh, this Reuters story finally gets to the real point, 6 paragraphs into the report, out there in the area which usually gets cut from local papers picking up the story.
“We cannot and will not sustain deficits like these without end,” he said. “Today I’m pledging to cut the deficit we inherited by half by the end of my first term in office.”
Frankly I”m surprised the clip I heard on the radio even got aired…but I guess that most people driving around might be busy on the phone, talking to someone else in the car, or too busy drinking a Slurpee to really notice the magic words “deficit we inherited.” And by the time they hit the TV “news”–well, I bet somehow those magic words will be buried in pictures and glowing reports. Since I don’t watch TV news, I don’t know if that forceful pledge will be played in full or if it will be truncated to just the first part of the statement and the “inherited” bit fades into the ether. I guess it won’t matter in the long run, since it will go down the memory hole, unless some Republican decides to dust it off someday.
I do have a question, oh Messiah: When do you cut the deficits YOU are creating by a half??
While we here in the USA wallow in this muck, the folks in Canada are trying hard not to smirk. Yesterday, Prime Minister Stephen Harper was visiting touting the financial stability of Canada’s banking industry. From The Toronto Star:
Feb 23, 2009 12:53 PM
Ottawa bureau chief
OTTAWA — Prime Minister Stephen Harper hit the Big Apple today — the heart of America’s economic meltdown — to boast about Canada’s stable banking system, warn against trade protectionism and note the insatiable appetite for oil south of the border.
The prime minister sang the praises of Canada’s prudent banking and financial system, which he said can be attributed to “activist” regulation by Ottawa.
“We’re helped by the fact we have six major banks, three major insurance companies so it’s easier for the government to exercise moral suasion on the sector,” Harper said.
He said that Canada, while hit by the economic downturn, hasn’t suffered a meltdown of the financial sector or the mortgage foreclosures that have hit the U.S. economy so hard.
“We haven’t had to bail out any of our financial institutions,” Harper said. “There will be no government bailout of mortgages in Canada.”
But, it seems that Canada may not get off entirely scott-free of demands for government cash. Guess who’s asking for help?
General Motors has outlined a restructuring plan that would cut its Canadian workforce to 7,000 and seek as much as $7 billion from the federal and Ontario governments, while Chrysler is requesting around $2.8 billion in aid.
GM didn’t specify how much it will ask for, but Reuters quoted federal Industry Minister Tony Clement as saying the company is asking for between $6 and $7 billion.
The Canadian government doesn’t seem to want to bailout CAW pensions…time will tell.
I get a news summary from Radio Canada International every day (most of the news comes from the CBC) and noticed this short squib about how foreign criminals are heading out of Canada to the U.S.
2/22/07 10:37 PM
A new report to Canada’s government suggests that many foreign criminals might be fleeing abroad, mainly to the United States. It’s believed that about two thousand foreign criminals are hiding in Canada. But a squad of special border police found that almost half of the criminals being tracked had left the country. Last year, the auditor general criticized the agency for the large number of missing people. There are concerns that the list of high-priority cases maintained by the Canada Border Services Agency is out of date. The agency is responsible for deporting unwanted foreigners. It has 1,973 priority cases for whom removal warrants have been issued. The Agency removes about 12,000 people from Canada each year. About 13 per cent are classified as criminals. Three out of four of them are failed refugee claimants.
If you follow the link, you’ll get the current day’s news. The funny thing is, however, the day I searched for this story, it wasn’t there. In fact, of all the story summaries I received in the RCI newsletter, this story about foreign criminals was the ONLY story that wasn’t up at the site.
The question is: WHY??
The bigger question is: WHO are these “foreign criminals,” how successful is the U.S. in finding them…and WHAT are they up to here in the U.S.?
By the way, the RCI site has extensive information on how to relocate to Canada, in case you want to get out of the U.S. (Scroll down a bit down the page to get to the information.) Maybe if I were younger…
Filed under: Current Politics, World News | Tagged: budget deficit, Canada, Canadian auto bailout, Canadian Industry Minister Tony Clement, CAW pensions, CBC, Chrysler, foreign criminals fleeing Canada to U.S., GM, inherited budget deficit, mortgage foreclosures, Prime Minister Stephen Harper, Radio Canada International, RCI, relocating to Canada, stable Canadian banking system, trade protectionism, U.S. oil consumption | 7 Comments »