Governors’ ideas on how to improve the economy tend to mirror Washington’s partisan divides + MORE Feb 23rd

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OTTAWA – Canada’s middle-class is mortgaging its future to stay afloat, making the Canadian dream “a myth more than a reality.”
That’s the blunt assessment of an internal Conservative government report, an unvarnished account of the plight of middle-income families that’s in contrast to the rosier economic picture in this month’s budget.
The document was prepared last October by experts in Employment and Social Development Canada, the department that runs the employment insurance fund and other income-support programs. The Canadian Press obtained the report under the Access to Information Act.
“The wages of middle income workers have stagnated,” it says, referring to the period from 1993 to 2007.
“Middle-income families are increasingly vulnerable to financial shocks.”
The document, drawing on three years of “internal research,” was prepared for the department’s deputy minister, Ian Shugart, shortly before the resumption of Parliament last fall…

Continue Reading On canadianbusiness.com »

WASHINGTON – The nation’s governors sound every bit as divided as Washington lawmakers on how best to help the nation’s economy.
Democratic governors such as Maryland’s Martin O’Malley and Connecticut’s Dannel Malloy are making pitches to raise the minimum wage as the nation’s governors meet in Washington for their annual conference.
Meanwhile, Republican governors such as Louisiana’s Bobby Jindal and Indiana’s Mike Pence are calling for more freedom from federal regulations and the opening of the Keystone XL pipeline.
Appearing Sunday on CNN, Malloy says the vast majority of people earning a minimum wage are trying to raise a family, and the minimum wage needs to keep up with inflation.
Jindahl told CBS’ “Face the Nation” that delaying mandates included in President Barack Obama’s health insurance overhaul would boost the economy.
The post Governors’ ideas on how to improve the economy tend to mirror Washington’s partisan divides appeared first on Canadian Business.

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