Liberals aren't planning to table a budget this year, finance minister says
- Thread starter DesRicardo
- Start date
No I'm not, because you are reacting without reading.
One. Trump put tariffs on not because of fentynal, or to bring manufacturing back. He put tariffs on to pay for his tax cuts. That's it.
Two. He was betting on DOGE to find 100's of billions, and it's a failure.
Three. He can't cut the military, and in fact increased it by 100 billion+ to get the war hawks vote and appease those donors.
Four. He thought he could get the politicians to cut Medicaid, means test Social Security and Medicare. But the MAGA base relies on it and have clearly said now that won't happen.
Five. The Freedom Caucus deficit hawks in the house and senate will not pass the bill without reciprocal cuts to the budget to pay for it. Or increased revenue to offset it.
So the only means of increasing revenue to pay for the bill is tariffs. He is hoping a blanket 10%, 30% on China will add up to enough to appease Congress and get the votes. So they will not come off until he gets the bill passed in September. It's a game of chicken. He is hoping to stave off pressure from business until then.
He will at that point, if he gets the bill passed, then suddenly be able to drop tariffs on major trade partners. In our case a slightly modified USMCA so he can crow about things. With no real difference.
But pressure is mounting from business, Wall St. And his own base which includes lots of people being laid off, with small businesses hurting. Now add in all the other domestic issues he has with a massive real estate bubble, tourism collapse, drug problems, recession, growing social unrest and its an easy waiting game imo.
The question is whether he can see it through, produce the tariff revenue in the face of both businesses and consumers not buying things(no orders mean no tariffs) and deal with a growing pushback from Congress. They can be Mavericks. Remember McCain in 2017?
There are several of those now.
So we wait six months. Watch as he extends auto tariffs carve outs. Watch as our grassroots domestic boycott affects sales. Watch as energy tariffs hit both business and consumers. Watch as non replaceable raw materials cost them more.
And dont panic. That is my read. So no matter what we can't convince him. He has to do it himself for his own reasons. And it will come from within.
you are all over the place
nope, far too many Canadian jobs are stake to try and wait trump out
we need to get a deal done
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So autocracy and communism.
Comments like this are exactly why we needed to elect the Liberals into power to prevent fascist backsliding.So autocracy and communism
Today Nazism is considered conservatism while centre left democratic socialism is considered autocracy amd communism by the right.
The right wing have truly lost their way.
Looks like two things. One, I was right. You just cherry pick shit to read.
Two, it won't matter for a deal. They are moving ahead on aluminum anyway. If that deal is done(it isn't) then what deal can we make that will cancel it?
Btw I will wait and see how expensive it is. Aluminum's #1 cost to make, besides labor, is electricity. We have cheap hydro, they will rely on gas plants. Guess who is the top exporter of crude and gas to Oklahoma. I will let you look it up.
No matter what they need us. Sure that plant doubles their capacity. That's a relative term. We will still produce almost twice what they can. And can find other markets for the surplus. You are assuming again they can match us from the get go in quality, price, volume, reliability. No doubt some govt contracts will come their way. But that doesn't mean they will get it all. It doesn't mean that other customers will pay more.
For a guy who touts himself as a business dude, you sure don't know as much about market forces as you think you do.
you just spew out shit to read
you have been all over the place on this
and none of it is consistent, yet somehow in your strange world that is my fault
you take your personnel experience and project that out as the typical Canadian
you do not have a clue
you are debt free. the average Canadian is swimming in debt
you think you can avoid buying America, the average Canadian is going to get hammered by food inflation
you are months away from a comfortable retirement, the average Canadian is not and requires stable employment
you think you can afford to wait trump out, the average Canadian can not
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are you that stunned that you do not understand the significance of that deal to Canada / us trade negotiations?
it is called leverage
leverage is what Trump has used all of his life
Trump is more than happy to re-distribute market share of US imports .... on his terms
there will be winners and losers in that re-distribution
trying to wait him out will result in Canada losing
now pay attention
Re: Energy:
We do not have energy leverage over the US
- the liberals prevented pipelines that would have provided leverage
- Alberta has been crystal clear energy flow to the US will not be used as leverage
- Doug Ford had to back track on threats to cut the US off from electricity
your premise is based on a substitution of the higher value added output (Aluminum ingots) for a low value added input (energy) for Canada in the process
that is a loss in economic value and employment for Canada
François-Philippe Champagne is a yappy little prick who has repeated shown he has no integrity and will intentional lie to Canadians
another WEF disciple/ stooge
zero real world finance experience
it was revolting to watch his arrogance in response to the Sustainable Development Technologies Canada (SDTC) scandal
he has zero integrity and zero respect for Canadian
Lol. We have energy leverage over the USA. That you don't realize that just shows how I'll informed you are. The mere threat of a surcharge sent them into a tailspin.
The threat was pulled back at the request of Carney to allow for backroom negotiating to happen. Please note the auto tariffs were paused. It worked.
It's like you are myopic.....
Johnny, two can play the Taunting French Type game, you tiny brained wiper of other people's bottoms.
This should warm the cockles of your heart...God I'm good.
This should warm the cockles of your heart...God I'm good.
Looks like he caved. He know this was going to be a grilling.
www.ctvnews.ca
After supporting Liberal not delivering a Federal budget, What do flip flop liberal voters say now?
Liberal government to table federal budget this fall, PM Carney says
Prime Minister Mark Carney says the Liberal government plans to table a federal budget this fall.
www.ctvnews.ca
After supporting Liberal not delivering a Federal budget, What do flip flop liberal voters say now?
