We need to give the private sector many more powerful incentives to do research and development, to bring ideas and new discoveries to market in Canada, and commercialize them here, and stay here through successive stages of growth. But they can only do it with better government policies that give them more powerful incentive.

I really see the U.S. staggering under the burden of three blows. One is 9/11 and the threat of terrorism, which is still huge in Syria, Iraq, and elsewhere. The second is the failed 2003 war in Iraq, which cost so much and ruined America's credibility in the eyes of so many. Obama has repaired it to some extent, but those scars are deep. And then, thirdly, banks failed, the whole real estate market had the carpet pulled out from under it.

We Canadians need to go beyond what any previous government has done in terms of our diplomatic network, our support for companies to export, trade and invest beyond North America, and our contribution to the safety of the international system, through defence, development, international organizations, and so forth.

We need to give the private sector many more powerful incentives to do research and development, to bring ideas and new discoveries to market in Canada, and commercialize them here, and stay here through successive stages of growth. But they can only do it with better government policies that give them more powerful incentive.

In 2007 and 2008, it was impossible to get American and British policy makers, or Pakistani politicians, to acknowledge that the Taliban leadership was in Pakistan. This is the great virtue of the early statements of the Obama administration, when Obama himself, Richard Holbrooke and others, said that the threat to both countries comes principally from western Pakistan, in Balujistan and Waziristan. So there has been some progress, but probably the hardest part is yet to come.

The Andrew Principle is when the incompetence of an organization exceeds the incompetence of certain individuals within that organization, thereby allowing their promotion within said organization.

The plant goes down. The industry is weaker. The price of the commodity has lagged. Any of those things can push people into unemployment or lower income categories, and that hurts.