[Pain] HUGE, self-inflicted Recession incoming due to Trump/Musk

Like everything else with Trump, it always comes back to corruption at the heart of his motives. Throw tariffs across the board. Have CEO’s and oligarchs call to gravel at his feet to beg for an exemption for their company or industry. Find a way to “scratch Trumps back”. Then surprise surprise… X industry gets a magic exemption.

This is a corrupt abuse of power and anyone who supports his BS is basically a traitor to the country. This is all on you guys who knowingly gave him the power to engage in the most naked corruption the world has ever seen literally at our expense.

 

thank you for making it so easy for me to poke holes in your convenient / baseless claims,
as well as to point out your many contrdictory positions, confused and all mixed up

 

Wrong. Government jobs drove the numbers. DOGE doing its job! I just wish the cuts were HIGHER.

 

"Chickens come home to roost" is an apt idiom


Last week, conservative business anchor Maria Bartiromo warned about a DOGE-induced recession,

https://www.msn.com/en-us/money/mar...owth-in-economy/ar-AA1zFUq8?ocid=BingNewsSerp​

Her warning has been corrborated;

Feb 2025 was Trump 2.0's first full month in office, job data is horrible​

Unemployment claims rise to 242,000, the highest in 3 months​

 

this didn’t age well

 

I was wrong. It lasted less than 48 hours. Trump folded like a b-tch to freaking Canada, the softest (and nicest) people on the planet (except maybe kiwis). Putin has him doing jumping jacks and Xi is going to ride his ass like a donkey. Can’t even handle Canada without folding like a little b-tch.

 

This back and forth on tariffs is ridiculous, either put them in or take them out, trump looks ridiculous. I realize this is his "negotiation tactic", but its weak sauce..............And I don't buy the fentanyl reasoning from Canada, he just hates Trudeau, Melania would rather hook up with him more than the orange ball of lard

 

O/U how many months before we have to spend billions to bail them out? Then the dumbasses will go and vote for Trump again in 2028 or whatever republican will look to screw them next

 

What’s worse Canada isn’t even backing down with their counter tariffs claiming that they will do it when Trump permanently remove the tariffs including the aluminum and steel tariffs Trump is set to take in effect next week.

 

I have a feeling we will end up bailing out the farmers again

 

Yup, and the Canadian public is in full support for a maximalist response to US tariffs. Trump managed to be so obnoxious that the premier of Alberta (who has always been a Trump sycophant) came out in full support of the Canadian response and even went as far as to threaten energy restrictions. Trump's biggest allies in Canada are turning against him. The Conservative Party that was set to win the next election by 20 points is in free fall in the polls (thanks to Trump) and for the first time since I moved here, Canadians seem proud of their country and identity. Hell you even have Conservatives praising Trudeau now for not backing down to Trump. People take it as a badge of honor that Trump cursed out Trudeau on their last phone call.

Even after announcing the newest tariff reprieve, the premier of British Columbia announced that all commercial traffic to Alaska (that naturally goes through BC across the Alaska Highway) will be subject to new fees and taxation by the BC government. No one here cares about Trump's concessions anymore. It's either get rid of the tariffs entirely or he can go kick rocks.

And in typical Trump fashion, he did all of this before the NAFTA/USMCA renegotiation (instead of during it) so he has already played his cards and Canada (and Mexico) are ready to take a much harder line in the next re-negotiation. The shock value of tariffs is over now and frankly if he threatens to kill USMCA, Canada and Mexico probably won't blink because the economic and political fallout from such a move would damage Trump far more than the Mexican or Canadian government at this point.

Trump already revealed his weak hand when it comes to farmers. He lowered tariffs on Potash (along with energy) because farmers were complaining. Canada supplies 95% of potash to the US. The only other supplier in the world at any scale is Russia (and even if the US managed to get hold of the entire Russian supply, they would still need Canadian imports).

If Canada goes through with the export tax on potash, get ready to bail out your farmers (in addition to absorbing higher prices on agriculture).

 

We only bailed out the corporate farmers last time.

 

This continues to age worse by the minute. Your banquets and industrialist dinners are going to start serving hotel chicken.

 

The modest stock market decline gives all of us a wonderful opportunity to invest at lower price points... all while the tariffs improve the balance of power for Americans and create more jobs and investment in the USA. Meanwhile DOGE is right-sizing the federal government and helping to bring down long term spending (which will bring down inflation long term). Trump is making the hard choices that other Presidents have lacked the courage and will to implement... because of the short term pain that it creates... but the long term benefits are enormous -- and necessary for the continued financial health of this country.


WIN WIN

 

Slightly off-topic, how is Canada life? Toronto? Montreal? High taxes, safer streets, and the homeless look mostly Asian?

 

I'm in Toronto. Almost moved to Montreal as I used to go there for work a lot but the politics there have become very ugly and many of the major parties just run on making life miserable for English speakers. And the Montreal health care system is utterly deplorable (despite Quebec having some of the highest taxes in Canada). I was just there and chatting with someone who described their 17 hour ER wait and this is becoming more common there.

But overall it's definitely safer and I can send my kids to school without worrying about gun violence. The Cons are that Canadians get paid much less than Americans but have to stomach much higher cost of living (primarily due to housing costs more than anything else). I'm fortunate that I work for a US company (so I'm paid on a US pay scale) because I genuinely don't understand how families make the math work here. They also don't allow filing taxes jointly here (and my wife is staying at home) so the taxes are just crazy high compared other the US. Health care where we live is totally fine (low ER waits, access to specialists, etc..) but it's a catastrophe in other parts of Canada. Child care is heavily subsidized here which does take some of the sting out of taxes but it's still higher than the US even when you account for those.

All in all, I'm here for my kids. They get a schooling experience that feels much closer to what I experienced growing up in Houston (before school shootings became a major issue). Schools have much more funding here. Teachers in Ontario with tenure make over $100,000 CAD. We don't even have to buy school supplies here. The school just gives you everything your child needs for the year. As a bonus, our oldest started school in French immersion public school so he'll get to learn a second language. If it were just me and my wife, I'd be in the US simply due to the much higher earning potential and lower cost of living. But with kids, we were willing to take the financial hit for them.