Yes it could have been said. The US economy has sufficient growth in the private sector part that it can support a surprisingly large level of fiscal & economic drag from government. Hell, most of Europe has an even bigger state sector, but they manage positive growth albeit at lower rates. France has over 50% GDP on the state-controlled part of the economy, vs a little over 30% for US - they have slower long-term growth but haven't gone bust or into depression. The most likely outcome of Clinton/Obama/Bush policies (essentially the same in economic terms) is just a higher level of drag and thus lower economic growth. Most citizens will not notice it. The way to solve this problem is not to moan about candidates, parties, or politics. Politicians and parties are representative of the general electorate. If you want more economically literate politicians, then you need more economically literate voters. So, start teaching basic finance & economics to kids starting age 11 and by 18 they will have a clue. They will then demand the same of their political leaders, and you will end up with more sensible economic policy.
Property values still relatively cheap and moderate growth so no bubbles like the US with some exceptions in affluent areas. Canada is an awesome country IF you can stand the weather (only 5 good months out of the year). Are women are better then yours too (not so many gold diggers)
David Walker former comptroller general on U.S. Financial Fallout 3/18 Appearance on CAD financial show. http://www.youtube.com/user/aybesee123
I remember this presentation on 60 Minutes, sorry to hear he quit.... seems no one else was worthy of the truth from this Bush Administration..... net essence of what he said!
I reread the resignation article. Here is a link to the foundation Mr. Walker went to work at: http://www.pgpf.org/
We know our administration is crap. We know the President is a monkey (well, most of us do). At this point, 6 months from the time he's supposed to leave office, what would you have us do?
Think long term. When Oil goes away, you'll need renewables, like solar. Where's the better place, AZ or Canada?
I know someone who invested well over 11 million dollars in acreage in Arizona back in 2005, during the peak of the housing bubble. There's only two problems. The boom since went bust, and there's a law in Arizona that says you can't develop a subdivision (plat) unless you can prove to the state that there's a 100 year water supply that you can access underneath the land you own - which he can't demonstrate. Ouch!!!