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Canada

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CHIMO

(9,223 posts)
Wed May 16, 2012, 07:07 PM May 2012

Western premiers fume as Mulcair sticks to ‘Dutch disease’ guns [View all]

Tom Mulcair isn’t backing down from his controversial diagnosis that Canada is suffering from “Dutch disease,” despite conflicting evidence and a mounting backlash from western premiers.

The NDP Leader insists that statistics on manufacturing job losses are “irrefutable” and that “everyone” agrees more than half of those losses are the direct result of the artificially high Canadian dollar created by booming energy exports, particularly from Alberta’s oil sands.

The phenomenon is known as Dutch disease, in reference to the manufacturing decline that occurred in the Netherlands after a boom in natural gas exports in the 1970s.

http://www.theglobeandmail.com/news/politics/western-premiers-fume-as-mulcair-sticks-to-dutch-disease-guns/article2434996/


Fume away. The majority wants control!

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