Zakaria gushes over all things Canadian

Fareed Zakaria, editor of Newsweek International and frequent Daily Show guest

Fareed Zakaria, the editor of Newsweek International and author of “The Post-American World” just sent us the nicest note. By note, of course I mean he wrote an article in Newsweek, and by nice, I mean that in it he positively gushes over Canada. Zakaria’s apparent love for all things Canadian is so enthusiastic, his affection for Canucks so very deep, that the article could easily be considered softcore erotica (for those turned on by hearing a smart Yankee gush over Canadian social and economic policy.)

Some titillating highlights:

“Canada has done more than survive this financial crisis. The country is positively thriving in it.”

“So what accounts for the genius of the Canadians? Common sense.”

“Canadian banks are typically leveraged at 18 to 1‚ÄĚcompared with U.S. banks at 26 to 1 and European banks at a frightening 61 to 1.”

“Home prices are down 25 percent in the United States, but only half as much in Canada. Why? Well, the Canadian tax code does not provide the massive incentive for overconsumption that the U.S. code does: interest on your mortgage isn’t deductible up north.”

“Canada has been remarkably responsible over the past decade or so. It has had 12 years of budget surpluses, and can now spend money to fuel a recovery from a strong position.”

Nothing steams up the windows at Canada Is Better HQ than hearing people complement the Canadian tax code. But when an educated American waxes envious on our superior (and less expensive per capita) health care system – we’re literally aroused.

Read the whole filthy article here – http://www.newsweek.com/id/32251

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