Monday, February 16, 2009

Zakaria: The Canadian Solution

Barry Artiste Op/EdAgree or not, the man has a point, a point Obamarama could well be advised to follow.  America has always been a "Can Do" Society, While Canada has always been a "Wait and See" Society, much to our detriment in the past. 

Now in the Global Economic Meltdown the World over, one can say Canada Trumps for once on the World Economic Stage with it's "Wait and See" philosophy!

The legendary editor of The New Republic, Michael Kinsley, once held a "Boring Headline Contest" and decided that the winner was "Worthwhile Canadian Initiative." Twenty-two years later, the magazine was rescued from its economic troubles by a Canadian media company, which should have taught us Americans to be a bit more humble. Now there is even more striking evidence of Canada's virtues. Guess which country, alone in the industrialized world, has not faced a single bank failure, calls for bailouts or government intervention in the financial or mortgage sectors. Yup, it's Canada. In 2008, the World Economic Forum ranked Canada's banking system the healthiest in the world. America's ranked 40th, Britain's 44th.

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