Quote:
Originally Posted by theman23
Kind of amazing how all of these indicators started turning for the worse in 2015-2016. I guess the LPC is just unlucky
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Well the US has the Infrastructure Investment and Jobs Act, Inflation Reduction Act, Green Infrastructure Act and a few others have caused the US to invest in green infrastructure. That has had a strong stimulus effect. But most of it has been financed through borrowing. Borrowing at levels that Canadian would never tolerate in Canada.
Just look at the objection from people on this board to the liberals matching the US program to attract a few car battery plants to Canada. Image the outrage if we were doing that across the board like the US.
Canada chose a more free-market friendly approach to the transition off carbon. We used a carbon tax and let the market drive the change. The US has the government more actively involved in managing the transition and directing private industry.
The US has also been focused on repatriating manufacturing from China and has become very anti-trade with China. We are still more open to trade with China. Something I think we should also look at correctly.
Yes, Trump is no friend of the free market. He is highly interventionist and anti-free trade. He worked to limit trade. Biden was a bit more selected but still did not remove trade limits on China. Biden has been very selective in reducing some of the Trump trade restrictions.
As for Canadian going to the US that should be expect, the US economy is struggling to find people.
Even on the southern border (where it is mostly lower skill illegal immigration) that is at record levels. Should be expected, is not the flow illegal immigration correlated to unemployment levels in the US?