1 hour ago, Cameroni said:

Failed Forward Guidance: In an effort to maximize transparency, Carney introduced "forward guidance" by tying interest rate hikes to specific economic indicators, such as unemployment falling below 7%. However, when those targets were met, the bank frequently altered its criteria or withheld rate increases.

This shifting stance prompted Labour MP Pat McFadden to famously label Carney the "unreliable boyfriend"—someone who makes promises about the future but continuously fails to follow through, confusing financial markets.

Carney faced severe public backlash for cutting interest rates to record lows (0.25% at one point) and expanding quantitative easing. Critics argued that this prolonged "cheap money" environment severely penalized ordinary savers.

Detractors blamed his ultra-loose monetary policy for fuelling a massive surge in UK housing prices, effectively pricing younger generations out of the property market.

Carney made climate change risk a core pillar of the Bank of England's agenda. Political and economic critics argued that this was an ideological distraction that overstepped a central banker’s remit, redirecting focus away from core duties like productivity and financial stability.

While Carney introduced greater procedural transparency, former Monetary Policy Committee (MPC) members noted that some reforms—like logging and eventual publication of meeting transcripts—inadvertently stifled open, spontaneous debate, causing members to read rigid, pre-prepared statements instead.

Like I said, his legacy in England is very poor. And his current performance is not much better.

https://www.bbc.com/news/business-51851150

To call Carney's tenure as Governor of the BoE, "very poor", is overly critical. His record is certainly mixed but he had his successes. For example, Carney steadied the markets in the aftermath of the UK's disastrous decision to leave the EU having previously warned of the negative economic effects of Brexit.

Traditional economic theory postulates that free trade and the pursuit of economic growth is beneficial to a nation.

President Trump apparently believes otherwise.

On 8/22/2026 at 5:50 PM, impulse said:

If only their Greenies had let them build the pipelines... Talk about an own goal. They finally got one to the west coast, but it's got limited capacity. Mostly, they built it to ship oil to California refineries. They're also shipping some to China now. Good for them.

They've been fighting against one to the east coast so they can export to Europe. It's been on the burner for decades. Don't even get me started about natural gas pipelines or LNG facilities.

You may see the East coast pipeline not go to the east coast, Quebecer's don't like the idea of a pipeline going through their Province (Greenies). A shorter pipeline going to Churchill Manitoba, which is on the Hudson Bay coast, then shipped out through the south of Greenland to Europe.......The current west coast pipeline is doing about 900,000 barrels a day to USA and Asian countries, another west coast pipeline in the works...1.3m barrels a day

3 hours ago, Schoggibueb said:

When Canadians are asked what should happen next, the preference is clearer: push harder, limit concessions and keep more aggressive responses on the table.

Yes, I'm well aware of the nationalist fervour now making the rounds in Canada. Canadians can act tough all they want, can have a big mouth until hell freezes over, but unfortunately that's not going to help them in any way.

3 hours ago, Schoggibueb said:

Strange that over 56% of Canadians support what Carney does.

Prior to Operation Barbarossa close to 70% of Germans supported Hitler invading Russia, but popular approval is a poor measure of the rightness of any particular course, as history has shown.

Fact is Canada will now again enter into recession. It was already skirting close to that abyss and will now fall head on into the recession hole.

There will be mass layoffs in Canadian manufacturing.

Billions will be shaved off Canada's GDP, and the Canadian economy will contract severely.

Plummeting export revenues undermine the Canadian dollar, driving up import costs and consumer prices.

Persistent trade friction incentivizes companies to relocate factories and operations directly to the United States to bypass border taxes.

Provinces heavily reliant on U.S. trade, such as Ontario (auto/steel) and British Columbia (wood/paper), face disproportionate economic devastation.

Canada’s commitment to match tariffs dollar-for-dollar on U.S. goods risks escalating a prolonged trade war that further hikes domestic consumer costs.

The total breakdown in negotiations effectively shatters the framework of the United States–Mexico–Canada Agreement, ending decades of predictable, near-zero-tariff integration.

What Carney has negotiated for Canada is an unmitigated disaster for Canada's economy and most Canadians. As time will show.

2 hours ago, Bannoi said:

Meanwhile Trump is making Americans pay 50% more for Canadian goods which will no doubt reduce demand in the US unless they cant get it anywhere else, but if Canada finds other markets it's only the US that suffers.

Or have I missed something?

Yes, you've missed quite a lot. Mostly the devastating consequences of this breakdown in economic co-operation for Canadian manufacturing, that Canada will now enter into recession, that the Canadian Dollar will fall making imports even more expensive for the masses of laid off workers, the fact that companies will leave Canada to avoid the giant tariffs.

28 minutes ago, Cameroni said:

Lol, no dear, it was 726 CANADIAN Dollars, ie 563 billion USD. Exactly as impulse stated.

I guess you got confused with Canadian and US Dollars. Let me explain it for you, you need more Canadian dollars to the US Dollar, because the Canadian dollar is worth much less. Hope this helps.

Its funny. The poster in their deep hatred and bias didnt even recognize the own goal in the info posted.

10 minutes ago, Cameroni said:

Yes, I'm well aware of the nationalist fervour now making the rounds in Canada. Canadians can act tough all they want, can have a big mouth until hell freezes over, but unfortunately that's not going to help them in any way

Wait till they find out our cpp some private pensions and most major banks are heavily invested in ICE.

Elbows up and all that.

4 minutes ago, blaze master said:

Its funny. The poster in their deep hatred and bias didnt even recognize the own goal in the info posted.

Wait till they find out our cpp some private pensions and most major banks are heavily invested in ICE.

Elbows up and all that.

The bizarre thing is Canadians are cheering all the way to the recession hole, thanking Carney for being such a tough negotiator.

You gotta laugh.

57 minutes ago, Cameroni said:

Yes, I'm well aware of the nationalist fervour now making the rounds in Canada. Canadians can act tough all they want, can have a big mouth until hell freezes over, but unfortunately that's not going to help them in any way.

Prior to Operation Barbarossa close to 70% of Germans supported Hitler invading Russia, but popular approval is a poor measure of the rightness of any particular course, as history has shown.

Fact is Canada will now again enter into recession. It was already skirting close to that abyss and will now fall head on into the recession hole.

There will be mass layoffs in Canadian manufacturing.

Billions will be shaved off Canada's GDP, and the Canadian economy will contract severely.

Plummeting export revenues undermine the Canadian dollar, driving up import costs and consumer prices.

Persistent trade friction incentivizes companies to relocate factories and operations directly to the United States to bypass border taxes.

Provinces heavily reliant on U.S. trade, such as Ontario (auto/steel) and British Columbia (wood/paper), face disproportionate economic devastation.

Canada’s commitment to match tariffs dollar-for-dollar on U.S. goods risks escalating a prolonged trade war that further hikes domestic consumer costs.

The total breakdown in negotiations effectively shatters the framework of the United States–Mexico–Canada Agreement, ending decades of predictable, near-zero-tariff integration.

What Carney has negotiated for Canada is an unmitigated disaster for Canada's economy and most Canadians. As time will show.

On what kind of sources do you make all your claims above?

Comparing Hitler invading Russia with Canadas disagreement of the US admin demands? You are nuts in case you want to cite this as a comparison.

No links, no proofs, no numbers - nothing from your side. Only your expertise?!

The Canadians know it. The smart ones, anyway.

Canada could lose 102,000 jobs if the Canada-U.S.-Mexico agreement on trade breaks down.

The report, prepared for the Canadian American Business Council by Oxford Economics, studied the potential economic consequences of various CUSMA scenarios, including termination of the deal.

“Many of these jobs would be in manufacturing industries directly impacted by tariffs, but the service sector would also feel the impact as lower disposable income causes households to reduce consumer spending and lower trade, and investment reduces demand for transportation, construction and professional services,” says the report.

The report says an estimated 1.4 million American jobs and 2.5 million Canadian jobs depend on the bilateral trade relationship.

https://www.ctvnews.ca/business/article/canada-could-lose-more-than-100k-jobs-if-cusma-dies-report/

Statistics Canada’s first quarter estimate of Canada’s gross domestic product (GDP) revealed that the country had entered a technical recession, commonly defined as two consecutive quarters of declining GDP. And per-person GDP, an indicator of incomes and living standards, has stagnated for years, increasing by only 0.2 per cent from the first quarter of 2022 ($60,247) to the first quarter of 2026 ($60,378) after adjusting for inflation.

https://www.fraserinstitute.org/commentary/canadas-recent-technical-recession-made-headlines-key-indicator-has-been-failing-years

What Washington doesn't understand is that it is not about who screams the loudest, it's about who the world can't function without. Canada has built themselves into the one country American can't cut out regardless of how reckless Trump behaves. They have total infrastructure integration, your iPhone uses Canadian hydroelectric power, your home is built with superior Canadian lumber, your car runs on Canadian oil, you can't replace all of that overnight.

There is no surge capacity to replace Canadian imports, even analysts on Fox Business admitted it could take a decade to rebuild domestic production. And even if rebuilt, will it be competitive? So instead of protecting American jobs, tariffs will do the opposite, they will make lumber unaffordable in the middle of a housing crisis, and while America is having a political meltdown, Canada was having a strategy meeting. Trump expected the usual script, retaliation, angry press conferences, maybe a new round of tariffs. Instead Canada did something no one saw coming, no shouting, no threats, no photo ops with fingerpointing, politicians stepped up to a podium and announced a 1 billion dollar support program for Canadian lumber companies. Every company taking the money had to commit to Canada's new 25 billion dollar domestic housing program, in other words America just gave us our own lumber back and we're going to use it to fuel a big housing bill. Thanks for the favor Trump!

If Canada, America's closest ally with the longest undefended border could openly defy US pressure, then the question becames avoidable for the rest of the world. What's stopping us from doing the same? Maybe we don't need American approval, China took notice, the EU took notice, so did Mexico. Many other countries did too.

Trump is too dim to understand that Canada has infrastructure indispensability, you can't sanction a country when you run on their oil, you can't bully a partner when you run in their electricity. Canada won't beat America by force, they'll beat America with integration. America's grid was built using cheap Canadian electricity and America just proved it's willing to hurt its own people to make a political point.

American can no longer be counted upon for reliability and that's not a trade war, that is a trade crisis. America has a superpower credibility crisis. There's a moment during every empire is history when the mirror doesn't recognize the face staring back. August 1st was America's mirror moment, Trump thought he was teaching a lesson, instead Canada gave America a master class in independence.

While America was busy building walls Canada was busy building bridges to Mexico, to Europe, and to Asia. America barked demand for loyalty, Canada quietly earned reliability. Every new home or skyscraper you see, you're looking at Canadian lumber.

Here's what the next decade looks like if nothing changes. America drifts into self-imposed isolation as one partner after another quietly diversifies away from US dependence. The EU, Canada and China step into the vacuum, as the predictable hub of trade, dealing with whoever treats them fairly and the US continues its March into irrelevance, and it's economy starts to shrink, inflation skyrockets, and joblessness becomes a major problem.

The guiding principle that Trump not only ignores but has a complete lack of understanding about, is that America became the greatest economy on the planet due to a lack of tariffs, due to very low import taxes. You don't tax your way out of a deficit, the deficit is there for a reason, ignoring the reason for that deficit and simply focusing on the symptoms is a recipe for disaster. We'll have to call it the Trump economy, we will have to call it the Trump depression, and we will have to call Trump the worst and most destructive president America has ever seen.

Edited August 24Aug 24 by metisdead
Trolling emoji removed.

Extremely well put SpiderMike 007. This Canadian really appreciates you telling truths to the arrogant wannabe overlords.

1 hour ago, spidermike007 said:

What Washington doesn't understand is that it is not about who screams the loudest, it's about who the world can't function without. Canada has built themselves into the one country American can't cut out regardless of how reckless Trump behaves. They have total infrastructure integration, your iPhone uses Canadian hydroelectric power, your home is built with superior Canadian lumber, your car runs on Canadian oil, you can't replace all of that overnight.

There is no surge capacity to replace Canadian imports, even analysts on Fox Business admitted it could take a decade to rebuild domestic production. And even if rebuilt, will it be competitive? So instead of protecting American jobs, tariffs will do the opposite, they will make lumber unaffordable in the middle of a housing crisis, and while America is having a political meltdown, Canada was having a strategy meeting. Trump expected the usual script, retaliation, angry press conferences, maybe a new round of tariffs. Instead Canada did something no one saw coming, no shouting, no threats, no photo ops with fingerpointing, politicians stepped up to a podium and announced a 1 billion dollar support program for Canadian lumber companies. Every company taking the money had to commit to Canada's new 25 billion dollar domestic housing program, in other words America just gave us our own lumber back and we're going to use it to fuel a big housing bill. Thanks for the favor Trump!

If Canada, America's closest ally with the longest undefended border could openly defy US pressure, then the question becames avoidable for the rest of the world. What's stopping us from doing the same? Maybe we don't need American approval, China took notice, the EU took notice, so did Mexico. Many other countries did too.

Trump is too dim to understand that Canada has infrastructure indispensability, you can't sanction a country when you run on their oil, you can't bully a partner when you run in their electricity. Canada won't beat America by force, they'll beat America with integration. America's grid was built using cheap Canadian electricity and America just proved it's willing to hurt its own people to make a political point.

American can no longer be counted upon for reliability and that's not a trade war, that is a trade crisis. America has a superpower credibility crisis. There's a moment during every empire is history when the mirror doesn't recognize the face staring back. August 1st was America's mirror moment, Trump thought he was teaching a lesson, instead Canada gave America a master class in independence.

While America was busy building walls Canada was busy building bridges to Mexico, to Europe, and to Asia. America barked demand for loyalty, Canada quietly earned reliability. Every new home or skyscraper you see, you're looking at Canadian lumber.

Here's what the next decade looks like if nothing changes. America drifts into self-imposed isolation as one partner after another quietly diversifies away from US dependence. The EU, Canada and China step into the vacuum, as the predictable hub of trade, dealing with whoever treats them fairly and the US continues its March into irrelevance, and it's economy starts to shrink, inflation skyrockets, and joblessness becomes a major problem.

The guiding principle that Trump not only ignores but has a complete lack of understanding about, is that America became the greatest economy on the planet due to a lack of tariffs, due to very low import taxes. You don't tax your way out of a deficit, the deficit is there for a reason, ignoring the reason for that deficit and simply focusing on the symptoms is a recipe for disaster. We'll have to call it the Trump economy, we will have to call it the Trump depression, and we will have to call Trump the worst and most destructive president America has ever seen.

With the vast majority of all our exports going to usa....it will take a very long time to change that.

In the meantime that doesn't bode well for either country. Especially canada who relies on that single destination. The new deals being made are paltry compared to the value sent to usa.

Declaration of war soon to come from Carney - The Mouse that Roared II.

I hate remakes.

2 hours ago, spidermike007 said:

you can't sanction a country when you run on their oil,

Actually you can. This is not such a big problem. We saw when Germany had to turn away from Russian energy that this can be accomplished very swiftly indeed. Whilst it is true that Canadian crude oil accounts for 60% of US oil usage, this can easily be changed and the US can source crude oil from many alternative sources.

As for lumber, the US has already been busy substituting Canadian lumber with homegrown alternatives: "Canadian Imports Are Being Replaced by U.S. Production"

https://uslumbercoalition.org/press-release/canadian-imports-are-being-replaced-by-u-s-production-a-direct-result-of-u-s-trade-law-enforcement-and-the-section-232-tariff-u-s-lumber-coalition/

The United States currently accounts for roughly 70 percent of Canadian exports. Canada accounts for 11% of US imports. You don't need to be Einstein to see who will win this trade war, and quite easily.

Edited August 23Aug 23 by Cameroni

42 minutes ago, blaze master said:

With the vast majority of all our exports going to usa....it will take a very long time to change that.

In the meantime that doesn't bode well for either country. Especially canada who relies on that single destination. The new deals being made are paltry compared to the value sent to usa.

Nope. Carney really outsmarted Trump and they've been seeking alternative partners for their precious commodities for well over a year now, and they've had a great deal of success. For America it's incredibly convenient and a lot less expensive to import from Canada as they are right on the border, however nations all over the world are lining up to buy superior Canadian goods and services. It's just another instance of Disaster Don showing blazing stupidity, pardon the pun.

9 minutes ago, Cameroni said:

Actually you can. This is not such a big problem. We saw when Germany had to turn away from Russian energy that this can be accomplished very swiftly indeed. Whilst it is true that Canadian crude oil accounts for 60% of US oil usage, this can easily be changed and the US can source crude oil from many alternative sources.

As for lumber, the US has already been busy substituting Canadian lumber with homegrown alternatives: "Canadian Imports Are Being Replaced by U.S. Production"

https://uslumbercoalition.org/press-release/canadian-imports-are-being-replaced-by-u-s-production-a-direct-result-of-u-s-trade-law-enforcement-and-the-section-232-tariff-u-s-lumber-coalition/

The United States currently accounts for roughly 70 percent of Canadian exports. Canada accounts for 11% of US imports. You don't need to be Einstein to see who will win this trade war, and quite easily.

Quite the opposite is happening and Canada is finding countries all over the world that are willing to buy their goods and services, thereby depriving America of a rich source, close by.

If only Don had an even basic understanding of globalization this would never have happened.

4 minutes ago, spidermike007 said:

Nope. Carney really outsmarted Trump and they've been seeking alternative partners for their precious commodities for well over a year now, and they've had a great deal of success. For America it's incredibly convenient and a lot less expensive to import from Canada as they are right on the border, however nations all over the world are lining up to buy superior Canadian goods and services. It's just another instance of Disaster Don showing blazing stupidity, pardon the pun.

Those alternative partners are small potatoes. Trump will be gone in a few years. The relationship will always be huge no matter who is in power.

14 minutes ago, spidermike007 said:

Quite the opposite is happening and Canada is finding countries all over the world that are willing to buy their goods and services

That's not what the Canadians are saying.

Let’s Admit It: Trump Is Winning the Trade War with Canada

Third markets? By my very rough calculation, if Canada–US trade declined by 10 percent but trade between Canada and South Korea quintupled, we’d be no further ahead. There aren’t a lot of rabbits to be pulled from those distant hats.

With regard to the rest of the world: Canada basically isn’t in the game when it comes to seeking new, expanded export markets in the Americas, Europe, Asia, or Africa. It could stand to triple its effort.

https://thewalrus.ca/carney-vs-trump-swing-miss-repeat/

14 minutes ago, blaze master said:

Those alternative partners are small potatoes. Trump will be gone in a few years. The relationship will always be huge no matter who is in power.

Most likely. We have seen with the UK trying to replace the EU as trading partner with far flung options like South Africa similar ambition. How did that go? Well, the EU is still the biggest trading partner of the UK. If a country depends on such a huge degree on another big market, it can't really replace that huge market.

Prediction: Within 4 weeks Carney will come crawling back to the negotiation table, apologising and begging for a trade deal.

Edited August 23Aug 23 by Cameroni

4 hours ago, Cameroni said:

Actually you can. This is not such a big problem. We saw when Germany had to turn away from Russian energy that this can be accomplished very swiftly indeed. Whilst it is true that Canadian crude oil accounts for 60% of US oil usage, this can easily be changed and the US can source crude oil from many alternative sources.

As for lumber, the US has already been busy substituting Canadian lumber with homegrown alternatives: "Canadian Imports Are Being Replaced by U.S. Production"

https://uslumbercoalition.org/press-release/canadian-imports-are-being-replaced-by-u-s-production-a-direct-result-of-u-s-trade-law-enforcement-and-the-section-232-tariff-u-s-lumber-coalition/

The United States currently accounts for roughly 70 percent of Canadian exports. Canada accounts for 11% of US imports. You don't need to be Einstein to see who will win this trade war, and quite easily.

It's a bit disingenuous to imply that switching energy suppliers is as easy as you suggest. While the EU has cut its' reliance on Russia's energy from 45% of the total to 12%, this change has occurred over 4 years.

4 hours ago, Cameroni said:

Most likely. We have seen with the UK trying to replace the EU as trading partner with far flung options like South Africa similar ambition. How did that go? Well, the EU is still the biggest trading partner of the UK. If a country depends on such a huge degree on another big market, it can't really replace that huge market.

Prediction: Within 4 weeks Carney will come crawling back to the negotiation table, apologising and begging for a trade deal.

Your Brexit analogy is a good one but you should have taken it a little further and quoted Barnier: "There are no winners with Brexit".

Same is true of Trump's tariff obsession.

Both these characters work for the Devil.

Theyre not going to feel no pain but consumers in the US and Canada sure as hell will.

All going according to plan.

Incoming Social Credit system . . . locked and loaded...

14 hours ago, BLMFem said:

Yeah, it's remarkable how profitable blatant corruption is!🤣

I guess maybe Trump is selling advanced warning of his upcoming Tweets even to himself.

It's just incredibly coincidental that every trade made by what son Eric calls a "blind trust" was done moments before Trump announced many of the ends to the war or the many re-openings of the Strait of Hormuz.

I cannot help but get the feeling his' blind trust' is as 'blind' as justice under Bondi and Blanche.

17 hours ago, BLMFem said:

The Americans actually tried to interfere in Canadian sovereign matters, treating it like a vassal state. If I was a Canadian I'd be furious. Canadians who support trump are basically quislings.

I support Mark Carnage, but we could really do without that parasite called Quebec.

On 8/22/2026 at 11:16 AM, Screaming said:

I agree, I spent allot of time up in Vancouver and have some good friends up there. Canada is just riding the coat tails of the United States success. Dollar for dollar tariff will really hurt the Canadians and it just does not make sense.

Zermatt, Switzerland is a long way from Canada, Donny. Climbed in the wrong catering truck, did you? Maybe you have altitude sickness along with whatever is causing your bloating and discoloration and requires an XXXL size Depends, now so visibly protruding from your bloated backside?

I know Trump is pretty bad with geography, previously unaware India and China do share a border, a border over which they fought a war over 60 years ago. Trump also thought two nations bordering India were called Nipple and Button. Well, it was reported last week that Trump seems to have a nipple fetish and likes to torture them, so maybe at least that one is a Freudian Slip. I guess he resents females who have them, as according to some FOIA releases of the Epstein Files, Trump prefers girls before those things begin to materialize.

I understand the DoJ is far too busy looking into seashells on a beach and making sure a convicted sex trafficker and child rapist gets massages, yoga classes and support pets in her country club prison, to investigate the increasing number of claims of Trump kiddie fiddling. Heck, they don't even have time to obey a court order to release the other 3.5 million pages of the Epstein Files, busy little "B"s that Bondi and Blanche are.

Then again, is Trump applying for political asylum in Switzerland, or maybe just checking on his and his family's $billions of ill-gotten gains since Trump 2.0 began?

Betting on Trump TACO ❓

As close to a "Sure thing" as the sun rising in the East tomorrow morning.

Or Adam Sandler making a shallow vacuous movie that makes Billions at the box office from the Race to the Bottom crowd. 😄

Canadians could do more like quietly boycotting USA products, like they do for alcohol, and look for alternatives. Then, there would be no reason to impose tariffs on products with naturally declining sales.

Carney is a calm and intelligent person who will have to find more alternatives to USA products without any ranting and raving from Trump.

Capitalism is about choice.

8 hours ago, Cameroni said:

Actually you can. This is not such a big problem. We saw when Germany had to turn away from Russian energy that this can be accomplished very swiftly indeed. Whilst it is true that Canadian crude oil accounts for 60% of US oil usage, this can easily be changed and the US can source crude oil from many alternative sources.

As for lumber, the US has already been busy substituting Canadian lumber with homegrown alternatives: "Canadian Imports Are Being Replaced by U.S. Production"

https://uslumbercoalition.org/press-release/canadian-imports-are-being-replaced-by-u-s-production-a-direct-result-of-u-s-trade-law-enforcement-and-the-section-232-tariff-u-s-lumber-coalition/

The United States currently accounts for roughly 70 percent of Canadian exports. Canada accounts for 11% of US imports. You don't need to be Einstein to see who will win this trade war, and quite easily.

The Canadians create some of the highest quality lumber in the world as it is well known that Boreal lumber grows very slowly and matures into a truly superior product. Through Trump's stupidity America is depriving itself of that exceptional quality lumber. America's naivety and arrogance under the circus clown is truly something of a tragic nature.

Trump lies when he says other nations will pay for them. He lies when he says companies will pay for them. Consumers will pay, so it becomes a tax. Be bold, big Don and for once be honest. It is a tax hike. And it could slow down the economy and result in a massive loss of jobs, and major inflation. Very dumb policy. 

Mr. Trump has contended that his tariffs would lower inflation, because they would increase manufacturing and the productive capacity of the United States. But most economists say that tariffs of the size he is proposing would increase consumer prices and add to inflation. 

A wave of frustration over prolonged inflation helped power Trump to victory in November, and a majority of respondents -- 58% -- said inflation would be a major factor in deciding their vote in future elections. But just 32% approved of the job Trump was doing on inflation.

Views of the economy by households deteriorated this month to the lowest level in over a year, according to a widely followed survey by the University of Michigan.

"He's just rushing a little bit. I think the whole thing with the DOGE was being rushed a little bit," said Gerald Dunn, a Republican 66-year-old martial arts instructor from Staatsburg, in New York State's Hudson Valley. "I like what he is doing but I think a lot of what he says is just BS. When he starts talking about annexing Greenland and annexing Canada, you know that's just smoke."

"I struggle with things like picking a fight with Canada. Why are we picking a fight with Canada?" said Todd Wellman, a 49-year-old Republican from Indianapolis, who said he wrote in now-Vice President JD Vance as his choice for president in November.

https://www.reuters.com/world/us/trump-gets-middling-grades-americans-top-issues-reutersipsos-poll-finds-2025-02-23/

Trump does not know how the stock market works, but I think you can go one step further and say he does not know how the economy works, and on a more important level he knows nothing anything about globalization and all the intricacies involved in manufacturing internationally.

 

There's a reason why that's taking place, there's a reason why manufacturing has shifted overseas. It didn't happen in a vacuum and that manufacturing will not return to the US, not during our lifetime. It is just a slogan and a concept that he used to very craftily deceive millions of people into voting for him. 

It would appear at this point that Trump's seesaw approach to tariffs is having a dire effect on the US economy, thousands of jobs are being lost every day, the stock market is crashing (and believe me that crash has only just begun) and many countries are re-thinking their relationships with the US, realizing that the US is not the dependable ally they thought it was.

So where does that leave America in the grand scheme of things, and how badly could Trump's policies come back and bite him on his enormous butt? 

In the minds of many of us Trump is grossly overestimating the importance of the US and the dependence of other nations on the US. Granted the US economy is still huge, but it's not immune to damage, it's not immune to punishment by other nations, it could start shrinking, and it's not immune to crashing.