Politics

Politics can make you uglyWelcome to the Politics section of Bad Economy. Here are articles related to politics and the recession. If you have anything to add, please jump in any time and add a comment at the end of each article.

President Obama To Visit Canada

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Obama & HarperPresident Obama takes his first foreign trip Thursday, and of course it is to Canada. He will be meeting with Canadian Prime Minister Stephen Harper, to discuss the status of the secret alien bases in the Arctic. Most Canadians think that he will be tackling the explosive issue of protectionism with the leader of United States' largest trade partner, and perhaps brainstorming ideas to fix the bad economy.

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Protectionism Rears Its Ugly Head

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THE Group of Seven finance ministers and central bankers, meeting in Rome yesterday, criticised the protectionist tone of President Barack Obama’s $787 billion stimulus plan. Closer to home, Prime Minister Stephen Harper is concerned over re-opening talks on the softwood lumber trade issue.

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American Recovery and Reinvestment Plan

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Yesterday, President Barack Obama, speaking at the Energy Department, called for action. He said the time for talk on an economic recovery package is over and "the time for action is now." There was however, no mention of secret alien bases in the Arctic.

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The Mother of All Bailouts

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Everyone waits to see how Obama's $819 billion (now more like $900 billion) spending plan will work out. The White House-backed legislation includes an estimated $544 billion in federal spending and $275 billion in tax cuts for individuals and businesses.

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The New Federal Budget

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Tuesday's Canadian federal budget came with no surprises. They plan to spend us into debt, to get out of a recession, rather like jumping out of a skyscraper to avoid being burned in a fire. The federal government anticipates it would run a deficit of $33.7 billion in the fiscal year beginning April 1.

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