I just got this link from a new Follower on Twitter (H/T to @JamesETowe)
It shows the extent of homes in foreclosure in various cities in the USA from January this year. This is our largest market. In many ways our only market. Alberta is even more concentrated on America as an export market.
This is sobering stuff - for them and us. Makes you wonder what the future holds. Status quo is not an option, that much is for sure. The Globe and Mail on Saturday ponders the possibility of a new recession.
Then look at the "C-Suite Survey" in the Globe and Mail today. This is the sentiment of the corporate executives in Canada - just before the Harper Budget coming out tomorrow. Some 83% say they are concerned about the U.S. economy. There are 73% who share fears about rising energy prices (oil is over $100 and holding) and personal debt levels (see the foreclosure numbers again).
The encouraging aspect of the outlook of the corporate executives is they get it. What we need to do is invest in the future and education-training investments and research-development are the key to "...generate positive economic results."
The government borrowing money for stimulus spending is now a done deal. Those in Ontario want more government infrastructure spending while the western executives want deficits trimmed. This difference in perspectives will impact the unity of the country overtime if we don't have a national sense of purpose to over-ride these differences.
Will the Budget tomorrow be a purposeful document about the needs of the nation or just be about perpetuating the power of the Harper Cons? We are so short of visionary leadership, quality minds, and global perspectives with politicians with the strength of character to tell us the hard facts and the harsh truth of our situations these days. I don't expect much of that in the spin and propaganda around the Budget tomorrow.
We need an adult authentic conversation about Canada and our future realities. We are luck to have abundant resources. Are we smart enough to steward them property? So far not so good. We need a change in the political culture of the country. We need an election.