I would actually look him in the eye. Why not?
You keep on wishcasting in your panic. The cooler heads are prevailing. Just sit back and watch the show.
Carney taking on Trump
- Thread starter Lenny59
- Start date
You keep on wishcasting in your panic. The cooler heads are prevailing. Just sit back and watch the show.
well obviously, you do not have the responsibility of trying to save hundreds of thousands of jobs
you are only concerned that you will be OK
you are delusional
you have no idea what is at stake here.
The U.S. overconsumption argument is the easy response. It doesn't take into account the mechanisms of trade and the ensuing capital flows. There's a lot more that can be discussed globally, but let's just focus on the number one trillion dollars, China and the U.S.
China is running a one trillion dollar surplus with the rest of the world. Not so incidentally, the U.S. is running close to a one trillion dollar deficit. The U.S. is both the most open market for trade and capital. China is a very closed economy with government policy designed to promote exports while dampening consumption. A great deal of Chinese exports are conducted by Chinese SOEs (State-Owned Enterprises) that rely on subsidized govt. financing and/or govt. underwriting losses. These enterprises are protected from foreign competition.
Relative to your point, it is been expected that small, developing countries will keep their economies closed and promote exports while discouraging imports. The WTO has an exceptional status called "developing economy" that allows developing countries to join without the normal WTO rigors. China has been in "developing economy" status for twenty-four years and never really met any WTO standards when it was granted membership.
Going beyond that, a one trillion dollar surplus and the corresponding deficit is an imbalance that is very unstable for the global economy. It's also unreasonable to deny the U.S. their sovereign right to defend themselves from predatory trade practices.
Here is an empirical comparison for thought:
Consumption as a % of GDP (per World Bank 2023)
United States 81.3%
Canada 76.4%
China 55.6%
India 70.7%
Generally, small economies with large oil and resource industries have consumption levels in the 50 percentile. There are also some very small countries with very low consumption rates like Switzerland, Singapore, Ireland and Luxembourg. A great deal of these economies' GDP is from acting as a financial intermediary.
The issue is that Trump did a blanket tariff. Honestly if he had taken on China, and probably a few direct exporters of Chinese goods, then this would have had a completely different outcome.
But Wyatt, when it comes to Canada, there is more to this than trade. This administration has repeatedly told lies, insulted, denigrated Canada. Calling us the 51 state, not a real country, and completely ignored our shared history. We have repeatedly stood by the USA in every crisis. From the Iran hostage crisis, to 9/11, to every hurricane, wildfire and other natural disaster sending down fighting and recovery crews.
We feel genuinely betrayed here. Whether or not trade opens up, you are going to find that many Canadians are simply going to diminish our purchase of American consumer goods, and spend our tourist dollar elsewhere. And it's going to take years to heal this sentiment
So if the Americans want our business, whatever trade deals happen, they are going to have to convince us, and likely endure a period of apathy and indifference. The trade deficit cannot be cured through insult.
And I suspect this is not unique to Canada.
Actually, tourist dollars make up a small amount of cross-border currency flow. Perhaps Italy, Spain and maybe France generate a large portion of GDP from tourism.
I'm not sure what the Administration's strategy with Canada was or is going forward. Perhaps there will be changes to Canada's NATO contribution.
In any event, if Canadians sell their Florida homes won't that be good for affordability?
We are by far the largest tourist group. About 30% on average. And btw ALL tourism is dropping now.
As for snowbirds have you looked Florida Real Estate? They have 11 months inventory as of now. And due to the now new condo reserves funding laws and repairs, insurance costs, and higher property taxes they ain't selling to anyone. The snowbirds spend billions every year. That won't get made up.
But 20 billion is not huge in the macro. But on the context of small bus owners that 10%+ drop can be the make or break on a year. Lots of northern markets in Maine and other places are seeing huge drops. Vegas, Jersey shore, all reporting drops. I think a 50% drop, once existing bookings are played through is quite possible.
Yes, the US buys lots of stuff from China.
Your answer is to make that so expensive that they don't buy those things.
Which will either make americans poorer or they will do without that stuff, since americans don't produce most of those items.
Canada is moving on as much as possible.
What job did he do "so well" exactly?
Nothing?
It's a Liberal campaign marketing slogan about something that was never said and used as a fear-mongering tactic that has obviously worked on you.
One country doesn't buy another country. It's either voluntary or by force.
You swallowed the Liberal marketing machine propaganda whole.
oatmeal porridge did not need a liberal campaign marketing slogan
he is an ideologue and was always going to vote to keep the conservatives from forming government
10 years of the worse corrupt liberal mis-management and they insisted on giving them another kick at the can
the fear-mongering tactic were not needed for lifers like oatmeal porridge
trump just backed down on China and took a $400 billion bribe from Qatar.
Ford is still the most corrupt politician in Canada by far.
Trudeau is gone and his record is solid and will be remembered well.
Meanwhile, the free market solutions you back allow US companies to charge $1000 a pill for thalidamide as a new cancer drug.
The Price of Remission
When I was diagnosed with cancer, I set out to understand why a single pill of Revlimid cost the same as a new iPhone. I’ve covered high drug prices as a reporter for years. What I discovered shocked even me.
www.propublica.org
So what if it was a slogan?
It delivered the message and it seems to have resonated with Canadians enough to deliver a shellacking to the Conservatives who are now crying "brainwashed" as if they are the enlightened ones lol.
Says the guy who says all Poilievre had were slogans...now being ok with a Liberal slogan.
Are you feeling ok or are you just bumbling through your own hypocrisy uncontrollably?
He didn't do anything other than let Trump insult his fellow Liberal party members and kiss Trump's ass.
Is that what you consider a "job well done"?
trump didn't just imply Freeland bargained in bad faith, Trump said ''she was a terrible person"
that is pretty insulting to a party leader to have to take
to be fair there was too much at stake for Carney to make a big push back defending Freeland
it looks like Carney will just have to accept that he has an MP who is a terrible person in addition to being a terrible finance minister
Trumps undiplomatic insult does illustrate who has the leverage here
& it also illustrates the false and intentionally misleading liberal campaign myth that ''Carney is going to take on Trump" with his "elbows up''
thus far there is nothing Carney has done that Pierre P could not have accomplished
And Pierre P could have diplomatically assured Trump that Freeland & the liberal party wont be involved in trade negotiations
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So Trump is already caving. First either a non deal with the UK with no real consequences to the UK and increased prices to Americans of 10% on UK imports. Now with a near capitulation to China. Without a deal in place. The Chinese will continue to wait them out as their Christmas season goes bust.
I do know what is at stake here. You and Trump completely misread the room.
Well I guess she won't be asking Carney to be the godfather of another one of her other children anytime soon!
Yes,. All Pierre had were slogans.
That was the problem.
Liberals had slogans and substance.
Hence your shellacking. lmao.
