The US could satisfy the metal demands if industries allowed to extract. Near me, are some of the richest deposits of copper nickel on Earth. Adjacent to that, Great Lakes corridor

It's not about cult optimism, it's about the fact that we are truly on an unsustainable path if nothing is done. Our economy is hollowed out, if you carve out high tech, we don't produce shit, we just have a bunch of service jobs. We don't even produce the vast majority of what we consume. We're running annual deficits of 2 trillion and our debt is over 36 trillion. This requires drastic changes in how we do things otherwise we're fucked as in 10 years SS will be bankrupt, while people's income can't keep up to purchase things like a home.

Trade policy, spending cuts, government efficiency are all levers that change this current environment. Canadians are of course against this because it impacts you negatively, but look at it from our POV. Should we just proceed as business as usual, even though it's unsustainable or? If you or anyone else has a better path towards sustainability, we are all ears.

Maybe propping up a giant Ponzi scheme (sorry social security) is unsustainable. Spending cuts to match a stagnating industry seems more realistic than expecting the rest of the world to bend without breaking and let go of their manufacturing jobs. Again, we’ll see.

With no intention of getting people riled up or exaggeration, I legitimately think Donald is going more for the Democratic party than anyone could have. They were broken and he's going to push fence sitters back across support wise. Now lots of time obviously, its 3 months but he's certainly doing work for fence sitters.

I cant believe how Canada has swung so hard back liberal in such a short period, i mean huge point change, it was going to be a slaughter for the Conservatives and now Liberals are trouncing them in the polls. I don't think fence sitters in the USA differ that much from fence sitters in CAnada. Now obviously the USA is overall more conservative, but I suspect a lot of initial supporting fence sitters are waning.

I'm shocked here in Canada looking at how fast things swung.

There is generally a reaction against the party in power so I don’t know that it’s super surprising on its face. Having said that, the Democratic Party was REALLY unpopular and the mechanics of our politics are simply changing. We’re becoming more polarized, so there are just less “fence sitters” than there used to be. And the conservative media ecosystem is also stronger than it’s ever been and is just an incredibly strong buffer and misinformation machine for trump and the administration.

I guess I think it’s still a fair question of what that shift looks like and how big it is, at least in the US.

Dem party support is at all time low. So which actions move the needle here towards the Dems?

Democrats for the longest = we need to raise taxes on corporations and help the lower and middle class.

Democrats today = Raising taxes on corporations that import products is bad

Is this supposed to be great mobilizer to the Dem party?

His approval rating is already dropping. 4% in just 3 months or something I read yesterday on Reuters. The dems were at an all time low, but certainly his approval rating dropping is likely an indication of those fence sitters shifting back.

His lowest mark was handling the economy with over 50% responding that tariffs will hurt their immediate family and friends. Believe that was specific to auto industry.

He has fracture in his own party already. Probably good indications that his support is also fracturing. Again it's early so there can be many arcs to come with such an erratic person.

This post was edited by SBD on Apr 3 2025 08:24am

Tariffs don’t raise taxes on corporations. If your company has a target profit of say 25% and all of a sudden a tariff/tax is created at a 30% rate these companies aren’t just going to now sell their goods for a loss. They’re going to raise the cost to cover the tax and still hit roughly the same target profit rate.

Companies are in business to make money. That’s not a bad thing. If conditions change the companies aren’t going to simply lose money just because. They’ll just change how they operate (ie charge more in this instance).

Yes, they actually do, people just assume they pass along ALL of these costs onto the consumer and simple jump that middle step. When a company imports steel or whatever other input, it's the co that pays for it, not the person buying the car.

The company then has the choice to pass along that cost to protect their margin. Some companies pass it along, some take a partial margin hit.

Your argument can be made to any form of taxation, whether imported or domestic. If companies pass along the costs, then wouldn't you make the case that all corporate taxes should be zero so they don't pass along the costs or?

This post was edited by ofthevoid on Apr 3 2025 08:32am

Will Trump cancel it?

Do muricans feel liberated?!