Editor:
Socialism begets ultra conservatism. Like a bouncing ball, the populace of Greece has had a government giving into demands, to eventually be replaced by a government that will introduce severe cost cutting measures. There is no way that Greece can avoid the massive economic cutbacks and changes that are heading its way.
Looking to Canada and B.C., what is necessary is a government where neither party has the power to do things, as we have seen here in B.C., like the introduction of HST, or the sale of BC Rail without strong opposition and educated leadership.
Federal NDP Leader Thomas Mulcair, the potential next leader of Canada, blames the oil sands as being the primary cause of an increased value of the Loonie for causing the high number of manufacturing jobs heading south. For a leader of a party, a socialist party, where the oil sands production is today primarily financing Canada’s social safety net, Mulcair’s position reflects a lack of knowledge of global affairs.
North America is buying goods from China, China’s currency is pegged to the U.S. dollar, and China is hoarding those dollars to keep the value of China’s currency devalued, so that China can maintain a continued trade advantage.
The process also devalues the U.S. dollar against world currencies including the Loonie. Oil sands not-with-standing, a weak U.S. dollar causes many Canadian-based American manufacturing companies to look back home for a more economical manufacturing environment.
Mr. Mulcair should be aware that the U.S. is further devaluing their currency by printing increasing amounts of their devalued dollar, to pay for a growing deficit, a deficit that has grown by $4.9 trillion in the three years since socialist-leaning Obama became president.
The devaluation of the U.S. dollar is pushing the price of commodities, including oil, to record highs putting Canada in the enviable position of avoiding the financial crunch of countries like Greece and even the U.S.
In B.C. the NDP has taken a position against economic development, and job creation, such as the Enbridge pipeline and the New Prosperity mine.
For the future of Canada and B.C., what is needed in both B.C. and Canada are governments that operate on educated common sense. With attitudes like Mulcair and Dix’s I am skeptical of the future.
Doug Wilson
Williams Lake