Duck!

Good Day Readers:

Imagine we'll get verbally whacked for this posting we just sent to The Huffington Post.
Sincerely,
Clare L. Pieuk
-------------------------------------------------------------------------------------
Talking to Americans!

Good Day Neighbours­:

For once in your lives listen to Canada!

We too were verging on bankruptcy during the early 1990s until federal budgets were slashed and burned, tax reform introduced­, annual deficits turned into surpluses allowing draw down of our national debt.

The architech? Then Finance Minister (and later Prime Minister) Paul Martin. That's why for us he'll always be the true founder of your Tea Party movement. Sorry!

Like you, we too had our AAA credit rating reduced (1991) which took 10-years to restore.

Looking around, all things considered Canada is in pretty good shape. However, a cautionary note is in order. As one financial analyst here said the other day while assessing the health of several leading economies:

We may have the nicest house on the street but what good is that if the block burns down?

Financial institutio­ns. Find a jurisdicti­on with more effectivel­y regulated banks and near banks than Canada. And how many of yours have failed?

So you see, we and others have a vested interest in you getting your financial and economic s..t together. And don't blame Standard & Poors for your self-infli­cted wounds.

We quite like your President. The deal is still on the table but we're prepared to sweeten the pot. Not only will we throw in Prime Minister "Steve" Harper but also Temporary Leader of the Federal Liberal Party Bob Rae in a 2 for 1 deal.

Clare L. Pieuk
Economist/­Blogger
www.CyberS­mokeBlog.b­logspot.co­m