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Welp I did not have this on my bingo card for today...
That being said Trump and Massie have not exactly gotten along before and Trump has called him out. In 2020 Trump even called for him to be kicked out of the Republican Party because of his attempt to delay one of the COVID response bills in March of 2020. This was during an election cycle and COVID relief was something Trump was being attacked on with his own party (Massie) trying to drag it out hurting Trumps reelection bid. It wouldnt be wild to think that Trump likely links the two given how a prime issue once the election was over was people did not think Trump did a good job handling COVID.
What is funny about all of this though is Massie should be in favor of the CR because of the Fiscal Responsibility Act that was passed last year that said if a CR was used again for FY 2025 there would be a 1% cut to discretionary spending. However, he is against it and has drawn the wrath of Trump.
Massie serves a purpose in the way he handles things but at the end of the day with the votes so close and how bad it would be to have the government shut down since Republicans hold a trifecta sacrifices have to be made. He has voted in favor of CR's before so it wouldnt be breaking a foundational belief. I think everyone agrees with targeting waste fraud and abuse but Doge needs to bring these acts they have found to Congress so that it can be addressed. That takes time and since time is not on our side sometimes you have to swallow a big pill and just move forward.
An authoritarian can't have a libertarian on his team.
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Bingo
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Ain't that the truth.
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Trump is acting a bit unhinged. He must be feeling the pressure now that the market is tanking. 50% tariffs on aluminum and steel on a whim because Canada reciprocated. Trump might actually make Canada great again. Fighting back against tariffs is the most national unity and pride I have seen from the Canadian NPC population in decades. Besides when we are playing international hockey of course. Haha
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I thought about that too. I'm also afraid he's driving middle of the road Canadians into the hands of the liberals.
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I’m not so sure… this guy that brought in now is either going to crush it himself or he’s going to implode. He’s also super easy to throw dirt at given he was a banker and the whole loan/mortgage issue in Canada.
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If Trump wasn't treating a friendly neighbor like shit this would have been easy.
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Canada has become less friendly especially when you look at recent demographics and immigrants
I was watching an episode of Hoarders in British Columbia and the psychologist was a Canadian woman of Pakistan descent wearing a burka... she is emblematic of Canada today
not trying to be culturally insensitive or ethnocentric (well, maybe a little)...
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Kindly take your MAGA racism back to Moscow where it belongs
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Go fellate yourself
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I shall do so promptly comrade
Meanwhile, Supreme Commander VonMusk kindly orders that you bleed your economy dry while he gets rich off of government subsidies
What do you call winning in Russian comrade ?
I'm half Lebanese, one quarter native American, one/8th Spanish, and probably 1/8 Dutch.
And I wear burkas frequently.
Do i 'trigger' you? :D
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you don't trigger me but you annoy me greatly
burkas are for women, are you a woman or cross dresser?
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I will resume muting you. Good day sir.
what does being native american or spanish or dutch have to do with wearing a burka?
are you 1/4 alcoholic?
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So much for assimilation or the melting pot
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Should have been an easy target. Central banker, left Canada to go to England. Holds residences in 5 countries. Moved Brookfield Asset Management from Toronto to New York. Unfortunately if he gets some sort of deal done with Trump on tariffs or if the population thinks he is handling the situation well they will vote for him.
Hate for Trump in Canada is at an all time high and all the parties are already labelling Pierre Poilievre as a Trump ally.
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Things should have been easy for Trump.
Secure the border, remove DEI from institutions, reform immigration, bring down inflation through deregulation, keep your mouth (relatively) shut.
sigh Why can't we have nice things.
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I don't understand what people mean when they say 'bring down inflation'. Inflation is already 'down' (according to the Fed) to something like 3% right? Prices go up presumably ~3% a year... it's not that far off from the 2% target.
So do you mean 'bring down prices' because that's not inflation... that's de-flation.
Prices go up - inflation. Prices go down - deflation. Prices go up, just not as quickly - dis-inflation.
Central banks target (try to achieve) inflation every year not deflation. And I'm here because Bitcoin is dis-inflationary and because prices are 'never going down' so Bitcoin is a better form of savings...
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That one percent is HUGE as it is a compounding whole percent. The sad fact is the Fed keeps saying they will get it back to 2% but no one believes that. Sure is it down yes but comparing it to pre covid levels its still high and the Fed raised rates and it isnt getting it to 2%
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I just wanted to be clear... (because there is a lot of confusion on this) the difference between 'inflation rate' and 'inflation that has already occurred.'
Inflation has already occurred and is 'not going back'. Having said that, the current inflation rate has gone down a lot, maybe not enough but it has gone down considerably.
Lots of people, including voters, think that 'bringing inflation down' means LOWER PRICES. It 100% DOES NOT.
Inflation coming down means that prices don't GO UP as fast from current levels... it does not mean they go down from where they currently. Even if 'inflation goes down' things aren't getting cheaper that would be deflation.
I will say whenever either party has attempted to address immigration they have lost the House in the next election I want to say 4 or 5 straight times going back decades. Its something that neither side really tries to touch because the history of doing so is so bad for the party that tries.
Imagine.... a world were Trump talks 50% of what he does now..... I think that would be up there with solving world hunger.
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It's still early. Canada depends more on imports to USA than vice versa.
In a real trade war, Canada will lose more and politicians and voters will blink.
Right now, it's easy to be 'patriotic'.
Let's be real: liberals in Canada are anti Trump vs pro Canada.
The left in Canada prefers hijabs, burkas and scalps to the maple leaf flag
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Everyone in Canada, left, right and independents are United in front of the attack from the cult leader of MAGA
Besides, Canada is not alone, there are tens of allied nations
Will Trump manage to export his farm produce to North Korea now ?
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So in other words... more pain on Canadians... than they can handle... while Americans feel pain too?
So it all about 'who can feel the most pain and not blink'? That's the way to run an economy?
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sounds like you are preparing to lose
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Conservatives are still polling ahead but the Liberals are closing the gap unfortunately. If they can get some sort of agreement with Trump and then call an election they will probably win.
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Ehhh maybe but Canada has continued to maintain extremely high tariffs on the US despite the free trade agreement. I mean the dairy one has been talked about a lot given how stupid high it is at over 235% or something like that?
I mean China supposedly asked Trudeau about the tariffs on the US and when he just shrugged China went oh okay well if you can tariff your free trade agreement people will hit you with some as well. If Trump just says fuck it and slaps the tariffs on (funny enough the auto union loves them and has come out in support of them) Canada and Mexico fall before the US just based on trade dynamics.
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I am not belittling the economic impact. I am just saying in terms of national unity. Disdain for and fighting back against the tariffs is highly popular in Canada. We will see if that changes when the recession hits.
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it's disdain for Trump >>> tariffs
all of a sudden everyone is a trade expert, a free trader, a GAAT/WTO expert
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Not sure about that. There seemed to be less hysteria over Trump getting elected than during his last administration. I think there were populist elements of Canada that were very happy Trump won but US is Canada's largest trading partner so most Canadians see tariffs as an economic attack on Canada.
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since USA is Canada's largest trading partner shouldn't Canada remove all barriers to trade with USA?
serious question
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I wouldn't say all but broadly yes Canadian markets should be more open to US producers/companies.
I do think it is perfectly reasonable for any and all nations to protect and preserve critical domestic industries (whatever that may be deemed to be, food production, energy, minerals, medical supplies, building materials). It's not always a good strategy to rely on the kindness of strangers in crisis.
I am not against the US putting tariffs on imports of what they deem to be critical for American stability and security.
The reality is when you agree to something and then try to take it away there will be anger and push back. I am not making a case for or against the tariffs, I am just telling you how it is being interpreted in Canada and that it shouldn't just be brushed off as Canadians just hate Trump.
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which industries are critical in Canada?
I don't think it's dairy since 80 percent of Canada is vegan...
Is Trump right that there is 239 percent tariff on American dairy in Canada?
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Yes there is lol on milk and cheese to "protect" farms in Canada
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That is not accurate. There is a 239% tariff... after a certain amount of American imports to Canada. It is not overall it 'triggers' only under certain conditions.
It is also as I understand it a result of the USMCA negotiated under Mr Trump's first term?
I thought most Canadians were fags... I mean vegans
What did Mr Trump expect... that the tariffs wouldn't result in 'reciprocal tariffs' in other countries? What is he going to do now that the Canadians have responded? And the Mexicans, Europeans, Japanese, Chinese, or others?
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He paused/delayed almost all of them again. Canada has moved forward and begun to hit the US with them and I think that is going to blow back on Canada and gives Trump the ability to spin it. The auto unions in the US are huge supporters of the tariffs on Canada for automobiles and that was a key demographic for the 2024 election.
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You saw that Mr Trump increased the tariffs today... from 25% to 50% on imported steel and aluminum? Americans pay those taxes so that tariff is a huge tax increase right on Americans?
As far as the unions go... the steel and aluminum companies like the tariffs, because it gives them room to raise their prices.
The Auto Mfg unions might like the tariffs... but the Auto Mgf industry doesn't because it greatly raises their input/operating costs.
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Yeah so ummm I got a meeting I have to go to but long story short Canada was looking to become to big exporter to the US with us having tariffs on Japanese steel and aluminum but Trump shut it down. The imports you see are not true imports because it crap going back and forth over the border... essentially the stock comes into the US then it gets flattened in Canada then its back in the US for cutting then back to Canada for something else and back to the US again. The net import is nada.
Similar to dairy Canada has also maintained tariffs on US steel and aluminum to prevent the US from gaining to much market share. Canada has since NAFTA maintained tariffs on Dairy, Eggs, Poultry. They dont really have a free market economy due to the supply management they enact and thus use tariffs and quotas to keep countries out.
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So in other words... Canada doesn't export 'as much' to the US... because those goods or services move back and forth across the border repeatedly in the manufacturing process anyway?
I know that some folks will take to Mr Trump's side (in terms of policy or politics)... but I cannot see how high tariffs on imports help Americans in any way
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Historically speaking you can get rid of income taxes for what its worth. It also is a known way to employe your own people and bring industry to your country.
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if we got rid of income taxes in the United States the deficit would explode. Bitcoiners would be fine (I guess) but interest rates would go through the roof at the explosion of debt and deficit.
How and why people can advocate for this I still don't understand. If there were no 'income taxes' either hyperinflation would result (through yield control by the central bank) and/or interest rates would skyrocket as bondholders wanted higher yields for American debt.
Asset holders would 'be fine' maybe but it is fiscally unsustainable.
Make Canada great again? let's not jump to hasty conclusions and delusions lol
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actually he wants the market to tank this year or at least this quarter so he can put pressure on Powell to lower interest rates
otherwise Powell will stick to the Volcker rule: raise rates when R is President, lower rates when D is President
edit: the unity and pride from Canada's NPC population will be 'transitory' or temporary... you know it and I know it... NPCs can only fake it for so long...
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Party politics has no room for men of principle. I don't know Massie but he seems to act in a VERY consistent way. He reminds me of Ron Paul in many ways. Trump is NOT principled nor ideologically driven. He wants to get stuff done and anyone that stands in his way is a problem. If they are someone like Massie who pretty much stands alone they are an easy target.
Comparing him to Chaney exposes how Trump views opposition. Chaney was basically a Democrat pretending to be a Republican. It is interesting that Trump has praised Ron Paul but the dude that is most like Paul in office today he scorns.
Massie has a big target on his back for his opposition to supporting the Israeli lobby. I am not surprised that Trump is targeting him now. It was only a matter of time.
And before the TDS people hop on... the democrats are just as bad about killing descent. At least Nancy was. Its one of the massive issues with the US system of party politics and democracy.
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Ron Paul though always saw the bigger picture. He wouldn’t tank stuff that would shut down the government like Massie has threatened to do time and time again. There is a time and place for duking it out but that time isn’t days before funding runs out. Paul knew that Massie… well he doesn’t care.
Paul worked hard to compromise and I haven’t see that either Massie at all. He’s so hard to work with that they now just leave him out of stuff because he won’t vote anyway so why cause yourself the headache.
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0 sats \ 1 reply \ @jgbtc 11 Mar
When is the time and place if we are constantly days away from funding running out?
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The next deadline is Friday at Midnight so Sat 12:00 AM
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I think Massie is becoming a social media darling for being debt hawk. He wants the republicans to stop raising the debt ceiling that is it that is all. He’s showing the public how the bait and switch works. Even MAGA republicans are buying this idea that the tariffs will pay for everything and this isn’t a debt ceiling raise because it’s budget neutral after about 4 or 5 years. I call nonsense on this CR just like Massie. So now Trump is trying to get Massie out when he could be focusing on other NeoCons who just want more and more easy money.
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It is literally impossible for the 'tariffs to pay for everything'. Tariffs are just taxes on Americans and Americans are broke enough as it is.
And if the tariffs 'reduce the number of imports' to 'increase manufacturing jobs' in the US... where will the taxes come from then? The taxes only get paid if people buy the imports. But if 'theyre not supposed to' and it's supposed to be 'made in the US' anyway...
How does it increase revenues?
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I like Massie but he should vote for the C.R.
He can fight to reform Medicaid in another bill
edit: most Democrats in VA will vote for CR including Warner and Kaine, how many VA residents depend on DC for their livelihood? Too many
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Yeah he has highlighted all the stuff Doge is finding as the reason but Doge is still and going to keep finding stuff so when does he plan to vote ya know?!
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