Optimism

Let's see ...

Canadian house sales up in February, March and April.

Toronto Stock Exchange up 30% from low.

Interest rates at historic low.

Inflation non existent.

Unemployment at 8% ...when 7% is considered full employment by definition.

Canada has still not had 2 consecutive quarters of negative growth ...the actual definition of a recession.

Bank of Canada calls for overall economy to grow this year.

Survey of Canadian corp profits ...55 out of TSE60 are better than expected ...many showing significant growth, like Loblaws (73% increase in profits)

...And people are negative and miserable because???????

As Perrin Beatty said yesterday: "worry last Fall was that Gov't was not paying attention to economic crisis. Worry now is that they are obsessed with it".

It looks like all the uber expesive infrastructure spending will be spent about 18 months from now ...well after the economy has recovered. At that point, it's not "stimulus" ...its inflationary and causing structural deficits for future generations.

Obama is wrong.