But it's jobs for Americans. Can't pay for shit if you're unemployed.So that means americans will just pay more for everything, even if its eventually made in the US
But it's jobs for Americans. Can't pay for shit if you're unemployed.So that means americans will just pay more for everything, even if its eventually made in the US
He complained about Elon Musk in his victory speech. He backed the same Democrats who screwed him over. He went after the millionaires until he became one then went after the billionaires.You're wrong roddermac, don't let dogma over-rule common sense. BERN is railing against oligarchs who have total control over everything. The question you should ask yourself is, what happens when Buffet croaks?
You need to go back to school franky and don't forget economics in your curriculum.So that means americans will just pay more for everything, even if its eventually made in the US
I am not in favour of the American tariffs one bit. At least not for Canadians. But this is a good post, regardless — I think you misread what I was saying about how the values had done a funnystyle switcheroo from left to right. I’m glad PP has explicitly said he intends to deal with this — he has my vote on those groundsI'm not sure economic hardship is pretty funny, but I guess we all have a different sense is humour.
The economic situation isn't static and tariffs are a tool designed to preserve or restore a competitive advantage and protect existing manufacturing, not bring back that which has been gone for decades. If a product or class of product that used to be manufactured in one place moves, there's a finite amount of time where protectionism can save it.
In Canada and the US, we have access to almost everything required to build cars at competitive prices when compared to everywhere else in the world. But increasingly we're seeing vehicle manufacturing get outsourced to places that have a competitive advantage in labour costs. While that advantage is only labour, a strategic use of tariffs could protect and preserve manufacturing because there is still near parity in competitive advantage. But it you wait until all the manufacturing jobs have left, the workforce has moved on, the factories have been gutted and torn down, and the manufacture of inputs has also relocated, then the tariffs cease to be useful at bringing the jobs here because startup costs become prohibitively expensive. Companies will wait out the tariffs, knowing a shift in political climate will almost certainly happen faster than the manufacturing capacity can be restored, and once these happens the balance to competitive advantage is lost and it become cheaper to shut it all down again.
Remember when Trump put tariffs on Canadian steel and as a result almost everything manufactured in the US that involved steel got more expensive? He did it claiming he was going to protect US steel manufacturing, but it turns out US steel couldn't meet production demands. They didn't really ramp up production either, because while they have a competitive advantage for existing demand, expansion costs were prohibitive. And so as a result he eventually carved out a bunch of exemptions, rendering the entire exercise mostly moot, but only after damage to both our economies had been done. It didn't reduce inflation, make things made of steel cheaper, protect manufacturing, or bring jobs back. It drove up prices (which still haven't come back down fully) and increased inflation while saving no jobs and creating no extra.
In fact, the tariffs implemented by Trump during his last presidency are estimated to have resulted in a net loss of 160,000 jobs, and because portions of it impacted critical industries that needed to be preserved (ie the farming industry as a result of his soybean tariff), it cost taxpayers a fortune in subsidies.
The reality of free trade and competitive advantage is complex and there's a lot of nuance. It's not that tariffs are bad, it's that a guy who clearly doesn't understand them and has a history of implementing them to the detriment of the economy is saying he's going to use blanket tariffs to restore and punish, rather than to protect, and that's not how tariffs work.
He's selling a strong economy via tariffs but that's not reality. He's actually touting a trade war while claiming it's going to reduce inflation and bring back jobs, and that has never been the goal or result of any trade war.
So no, it's not that tariffs used to be good but now they're bad. It's about acknowledging that tariffs are a tool and like any tool, it can be used wisely or poorly, and both Trump's words and past actions make it clear this is going to be the latter.
It would be interesting to compare who voted and their method of voting in 2020 versus 2024.a higher turnout during the pandenic ? -yeah i am skeptical
19 miilion extra votes in 2020 vs 2016 and then in 2024 17 million voters disapear despite population growth
yeah something screwy happened , we will never know exactly now
but that was definately a mysterious anmoly that sticks out like an erection in a girls sporting event
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I presume ChatGPT merely goes on to the world wide web and amalgamates opinions. Kind of like an opinion with no author.That’s why it was in cursive.
It’s just a metagoogler (search engine of the search engine) and frankly it does a really bad job bc of how Google polices the internet.I presume ChatGPT merely goes on to the world wide web and amalgamates opinions. Kind of like an opinion with no author.
They’re going falling down mode and it makes me cackleWow! You are soooo mad. I can only imagine how many holes you punched in the drywall. You know, walking around with all that pent up anger is seriously unhealthy. Maybe it's time to just embrace MAGA and let it go. If ya can't beat em, join em.![]()
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That Wayne Gretzky he's really something. He carried a huge stick. What he could do with his stick zipping around defenders.Wayne Gretzky was at Trumps election party at mar a lago. I don’t know why but I find that funny. So many closeted mags people coming out now that they see the majority behind Trump. Trump 2024!
This is really high school economics. Tariffs did not lead the U.S. into the Great Depression. A Fed unable because of limited policy tools and slow, clumsy responses to deal with contracting money supply turned a recession into the Great Depression.Our good friend roddermac doesn't understand economics.
Oct 29 1929 is known as Black Thursday, President Hoover had plenty of time to reverse the damage and win re-election. He did the opposite, he signed into law the Smoot Haley Tariff Act which led to the designation Great Depression. FDR brought in The New Deal, it was not enough to reverse The Great Depression and the world descended into WW II.
I'm not sure Canada will be hit with tariffs, the US is dependent on Canadian copper, cobalt and aluminum.
Lmao good I heard those things are dangerous AFYou guys know that Trudeau has also enacted a tariff on Chinese EV car imports, right??
I was disappointed with the storming of the Capitol.You mean threaten to hang the VP, storm the Capitol, relentlessly blame widespread voter fraud despite not being able to convince even the most Democratic-minded judges, and many such a big deal of it that election officials face death threats for 4 years?
Watching MAGA act like they were saints the last 4 years and Democratic supporters are crybabies because they're unhappy is the greatest degree of cognitive dissonance we've seen yet, and that's saying something.
Annie are you ok? Are you ok, Annie?You mean threaten to hang the VP, storm the Capitol, relentlessly blame widespread voter fraud despite not being able to convince even the most Democratic-minded judges, and many such a big deal of it that election officials face death threats for 4 years?
Watching MAGA act like they were saints the last 4 years and Democratic supporters are crybabies because they're unhappy is the greatest degree of cognitive dissonance we've seen yet, and that's saying something.
Sir relax — I used myself as an example of agreement what you said and you didn’t get it and you’re getting mad and calling me a trollAgain, they're a tool. We make EVs in Canada. We make EV components in Canada. We do it with very little government interference. We have a parity in competitive advantage under normal circumstances. China is doing it heavily subsidized in an attempt to sway market forces in their favour. This is an appropriate and useful use of tariffs, and if this is all Trump was proposing that would be a good thing too, but he's not.
You pretend you get it in one post but then continue to demonstrate you don't in another. Are you just being a troll or are you actually confused about how people can support something in some situations but not in others?
I'm not mad. I literally have no horse in the race. I don't care who won. But your hypocrisy is ridiculous and deserves to be pointed out.
This election had the same level of fraud as the last one: not zero but not enough to have any impact. Enjoy living in your fantasy world.
If he pulls it off, that would impressive. In a certain kind of way.Trumps first move will be to pardon himself from all federal charges. Over 1000 people went to jail people lost their jobs. They got disbarred, and yet he will be able to skate away from it.
If you listen to the words between the lines, the stuff most of the media is ignoring while they try to find ways to attack him, you will quickly realize tariffs are a threat, a policy tool, a negotiating tool to try to level unfair trade practices. There's not going to be tariffs on every U.S. import. It will be selective responses to selective countries.I'm not sure economic hardship is pretty funny, but I guess we all have a different sense is humour.
The economic situation isn't static and tariffs are a tool designed to preserve or restore a competitive advantage and protect existing manufacturing, not bring back that which has been gone for decades. If a product or class of product that used to be manufactured in one place moves, there's a finite amount of time where protectionism can save it.
In Canada and the US, we have access to almost everything required to build cars at competitive prices when compared to everywhere else in the world. But increasingly we're seeing vehicle manufacturing get outsourced to places that have a competitive advantage in labour costs. While that advantage is only labour, a strategic use of tariffs could protect and preserve manufacturing because there is still near parity in competitive advantage. But it you wait until all the manufacturing jobs have left, the workforce has moved on, the factories have been gutted and torn down, and the manufacture of inputs has also relocated, then the tariffs cease to be useful at bringing the jobs here because startup costs become prohibitively expensive. Companies will wait out the tariffs, knowing a shift in political climate will almost certainly happen faster than the manufacturing capacity can be restored, and once these happens the balance to competitive advantage is lost and it become cheaper to shut it all down again.
Remember when Trump put tariffs on Canadian steel and as a result almost everything manufactured in the US that involved steel got more expensive? He did it claiming he was going to protect US steel manufacturing, but it turns out US steel couldn't meet production demands. They didn't really ramp up production either, because while they have a competitive advantage for existing demand, expansion costs were prohibitive. And so as a result he eventually carved out a bunch of exemptions, rendering the entire exercise mostly moot, but only after damage to both our economies had been done. It didn't reduce inflation, make things made of steel cheaper, protect manufacturing, or bring jobs back. It drove up prices (which still haven't come back down fully) and increased inflation while saving no jobs and creating no extra.
In fact, the tariffs implemented by Trump during his last presidency are estimated to have resulted in a net loss of 160,000 jobs, and because portions of it impacted critical industries that needed to be preserved (ie the farming industry as a result of his soybean tariff), it cost taxpayers a fortune in subsidies.
The reality of free trade and competitive advantage is complex and there's a lot of nuance. It's not that tariffs are bad, it's that a guy who clearly doesn't understand them and has a history of implementing them to the detriment of the economy is saying he's going to use blanket tariffs to restore and punish, rather than to protect, and that's not how tariffs work.
He's selling a strong economy via tariffs but that's not reality. He's actually touting a trade war while claiming it's going to reduce inflation and bring back jobs, and that has never been the goal or result of any trade war.
So no, it's not that tariffs used to be good but now they're bad. It's about acknowledging that tariffs are a tool and like any tool, it can be used wisely or poorly, and both Trump's words and past actions make it clear this is going to be the latter.