Is there anything to be learned from Canada?
The Link
"Canada's economy created a surprisingly high number of jobs in June, but dismal U.S. data and lack of wage inflation may mean the central bank keeps its foot on the accelerator for a while longer with low rates.
Net employment gains in the month totaled 28,400, Statistics Canada said on Friday, compared with the 15,000 expected by markets. The transport and warehousing industry did the most hiring and overall gains were mostly in part-time and public sector jobs.
The unemployment rate held steady at 7.4 percent as more people entered the labor market.
The job market has been stronger than expected for three straight months now, good news for an economy that is seen to have slumped in the second quarter but may regain momentum in the second half of the year.
"It was a pretty decent number. ... It's basically suggesting the economy continues to expand at a fairly decent rate," said Sheryl King, chief economist at Bank of America Merrill Lynch Canada."
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The recession hit Canada hard too. Because its economy and ours are connected, our unemployment rates moved similarly from July 2008 until the "stimulus" passed; both countries' rates were 6.1 percent in August 2008 and rose in lockstep through February 2009, to around 8 percent,.
Canada didn't push a "stimulus" In fact they lowered taxes in Jan.Their job creation in a nation of about 34 mil, Less than Calif was 10,000 more than our entire country did.
Hard to ignore what is going on there and it kinda calls into question Obama's lame excuse that without the porkulus things would have been worse,
Are the 2 countries the same? of course not but they are certainly closely related on many fronts.And ideas can be adapted here
Will Obama pay attention to how they did things?