My apologies for being so late noting this–congratulations are owed to our southerly neighbours for their latest dubious economic milestone. Our paltry 34,000 jobs lost in December pale in comparison to your staggering 524,000 (524,000!), let alone the 2.5 million (2.5 million!) over the course of 2008. Rest assured that, as per our recently-resigned-to-reality Minister of Finance and Prime Minister, we’ll be doing our goddamndest in 2009 to catch up with the good ol’ US of A.
So don’t get too cocky, Uncle Sam — The Beaver is on the rise! (or the decline, if you will.)
Ok, all snark aside, with the US shedding over one million (one million!) jobs in the final two months of 2008 alone, one really, really hopes that, contra John Judis, Obama does, in fact, fully appreciate the enormity of the global economic crisis he will inherit from the outgoing administration.
Because we’ve yet to even come close to hitting bedrock.