for details). Not only did the Chretien government pay off the deficit,
which was considerably higher as a percent of GDP than the US's debt, its
been running a surplus for the last couple of years. In effect Canasda has
not been hit by the latest US recession, but has continued to show
significant growth.
larry
At 12:19 PM 1/8/2004, you wrote:
>Larry,
>
>Would you care to elaborate a little more on the thinking in this regard?
>thanks,
>Pat
>
>-----Original Message-----
>From: Larry C. Lyons [mailto:[EMAIL PROTECTED]
>Sent: January 8, 2004 12:16 PM
>To: CF-Community
>Subject: Re: US Deficit a threat to the world economy IMF
>
>
>At 11:28 AM 1/8/2004, you wrote:
> >I will also say that I think that NAFTA (A Clinton and Republican joint
> >effort) is a miserable failure for those people on the low end of the
> >financial spectrum. Ross Perot got it right when he said: "That loud
> >whooshing noise is coming from Mexico sucking up all of our manufacturing
> >jobs."
>
>\NAFTA did show some benefits. look at the employment and economic growth
>figures of Canada. Originally critics accused the current Canadian
>government who signed the agreement with caving into US demands. It would
>appear that the Canadians managed to outfox both Mexico and the US.
>
>larry
>
>
>
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