Comments | jrittenhouse: The real world just keeps sliding back in there:

jrittenhouse

The real world just keeps sliding back in there:

Nov 21, 2007 03:51

Some seriously good items on how the horrible economic picture courtesy of Dubya’s Gang Who Can’t Shoot Straight is starting to seriously impact people on a day to day basis. But first, a personal note.
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oil, goo_goos, sep_reality, corruption_govt, bush, family, conniej, noteworthy, meredith, michigan, shoppies!, housing, business, susan, canada

Comments 1

pyesetz November 21 2007, 20:13:35 UTC

At this point, the Loonie is a real currency (backed by a trade surplus in oil, software, etc.) while the greenback is a banana-republic currency (backed by guns and threats to use them).

Canucks are furious (well, by Canadian standards) at the inflated prices. Many of them are crossing the border to buy cheap Xmas gifts in Flint MI. Prices are starting to come down now to try to get people to buy in-country again. The government refuses on principle to erect protectionist barriers to prevent citizens from buying cheaper stuff in the States.

Part of the difference is that US prices are based on a $5/hr minimum wage for undocumented workers, while Canadian prices are based on a $10/hr minimum wage for everyone. So yeah, that chicken costs more up North, but the people who killed and plucked it for you are leading better lives.