Monday, September 12, 2011

O'Grady: Why Canada Is Ahead

Mary Anastasia O'Grady, a specialist in the Americas for The Wall Street Journal, writing about one reason why Canada is ahead of the U.S.:
Canada's housing market was not poisoned by a federal government push to put unqualified borrowers into homes they could not afford.
There is enough guilt to go around. Both major parties pushed, with Rep. Barney Frank (D-MA) taking the lead.

Another reason O'Grady emphasizes is that Canada is happy to explore for, and produce, oil and gas.