Our View: Best to steer clear of U.S. woes

The ongoing financial struggles between Democrats and Republicans in the United States continue to send that country into economic purgatory.

The ongoing financial struggles between Democrats and Republicans in the United States continue to send that country into economic purgatory.

For the middle or lower income American to understand how or why their country has fallen so far, honest answers are hard to come by. As the elected politicians allow their own partisan brinkmanship to muddy the reasons why the U.S. is in such economic trouble, voters are left wondering who to turn to for an honest answer.

While the pending debt ceiling crisis, in which the U.S. government would forfeit on money that has already been  spent, appears to have found a compromise settlement, that agreement is again all about politics and little about reviving that country’s floundering economy.

U.S. President Barrack Obama remains the smartest guy in the room around Washington, D.C., but that’s not saying much considering the politicians he is surrounded by in the U.S. Senate and Congress.

But while Obama’s election victory was a watershed moment in the history of the United States, the grand prize for his election victory was being handed an economic debacle that was eight years in the making under his Republican predecessor George W. Bush and his band of so-called conservative spenders.

Crippled by the lack of agreement between Democrats and Republicans, Obama is hamstrung in doing what he can  from his White House pulpit to stop the bleeding.

That is why it was important for the provincial government to see monthly lumber exports to China surpass the U.S. for the first time ever this year. In the global economy of today, the U.S. is being left behind, and Canada can’t allow itself to be dragged down with it.

 

Kelowna Capital News