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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (44316)	10/26/2005 11:08:56 PM
From: DaveAu	Read Replies (2) \| Respond to of 110194

"I proposed solving the problem and I do not propose a bluff either. IF the US did not act I would shut off oil and natural gas. I suggest in one week's time this dispute would be over." Mish, The Canadian government doesn't own any oil or gas. Not one drop. It's all owned by private companies. Preventing owners from selling their property is not something a rational government should be doing. Even a suggestion of it from the governing party would cause investment to flea this country. We have plenty of people in the NDP and also on the Liberal back benches who would love to turn Canada into Venezuela North. Please don't offer them any support. The US isn't "getting away" with anything. They're hurting themselves as much as Canada through higher lumber costs. They will also have less credibility when they try to negotiate future agreements with Canada or anyone else. The only real solution is through the political process. Traditionally the president has been the champion of free trade over a protectionist congress. Unfortunately that does not seem to be the case now. I also think that the Liberal party has gone out of their way to antagonize Bush to score cheap political points so I'm not surprised that he feels he doesn't own them any favours. Canada could also clean up their own backyard. It has plenty of its own destructive protectionist policies. We pay 3 to 5 times as much as you do for things like eggs, dairy products, and chicken. Because of this, our farming and processed food industries are uncompetitive. Also, on softwood, I don't see any reason why Canada can't just give in to the US demand that stumpage fees on crown land be set through a competitive auction. That would remove political cronyism from the process. Dave