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Canada Blasts Geithner, Blames US For Slow Recovery

hypocritexposer

Well-known member
From The Globe and Mail:

Bank of Canada Governor Mark Carney is signalling frustration with the Obama administration's handling of the financial crisis, saying delays in shoring up the banking system in the United States have exacerbated the recession in Canada.

With remarkable frankness, Mr. Carney singled out the U.S. government for criticism in his quarterly economic report Thursday, placing much of the blame for Canada's economic woes on U.S. Treasury Secretary Timothy Geithner's abortive attempts to cleanse financial institutions of their toxic assets.

Timely and credible action is required to address the impaired assets on bank balance sheets and to restore the normal flow of credit – a precondition for sustained economic recovery,” the central bank said. “Progress on these measures has been slower than expected in the United States and other major financial centres.”...“

He hasn't been decisive,” Ian Lee, the head of the MBA program at Carleton University's Sprott School of Business and a former banker, said of Mr. Geithner. “In Canada, we are doing a lot of good things. The Bank of Canada is on its game. Mr. Carney must be frustrated by the lack of resolution of the banking problem."

http://www.businessinsider.com/henry-blodget-canada-blasts-geithner-blames-us-for-slow-recovery-2009-4
 

Mike

Well-known member
I don't see Zer0 ever mending the fence of friendship between the USA & Canada.

The feud started when he said he wanted to renegotiate NAFTA and has escalated from there.

So much for his foreign policy expertise....................... :roll:
 

hypocritexposer

Well-known member
I'm not sure that is totally correct Mike. I had the feeling to be that they would let him slide on the FTA, but watch the Administration like a hawk. Campaigning is different than being in power.

The media saw through the veiled attempt to attack trade, through the "Napper's" comments.

I'm pretty confident that Canada and it's citizens will let you know what we are seeing from the outside. I'm seeing a tightening noose!
 

TexasBred

Well-known member
Mike said:
I don't see Zer0 ever mending the fence of friendship between the USA & Canada.

The feud started when he said he wanted to renegotiate NAFTA and has escalated from there.

So much for his foreign policy expertise....................... :roll:

Right now he only seems interested in buddying up to known enemies which eliminates Canada.
 

Tam

Well-known member
Gee, I guess our government isn't taking some people's (who will remain clueless oh I mean nameless,) about not voicing an opinon on what is going on in US politices either. :? :wink:

Like I have said before what happens in the US doesn't stay in the US. :x

I heard the other day if you want Obama to pay you any respect you better have been a enemy of the Bush Administration. It truly looks like the guy was right. Canada and UK out and Trug Dictators in. :???:
 
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