Showing posts with label Canada. Show all posts
Showing posts with label Canada. Show all posts

Thursday, August 27, 2026

Subsidiarity Economics 2026. The Times more or less locally, Part 9, 25th Amendment Watch, 23d Edition. The Canadian Harvard and Oxford doctor in economics vs. the Wharton playboy. The Trade War with Canada edition.

By Self-created photograph by Jonathunder - Own work, GFDL, https://en.wikipedia.org/w/index.php?curid=64543672

If this is a match of intellects, and it likely is, Canada has already won the trade war. 

Carney is undoubtedly a genius and the only international leader currently in office, maybe ever in office, to have run the economies of two different countries.  Trump is increasingly obvious of rather low intellect and a real estate developer with a very narrow understanding of the economy, who is in turn heavily influenced by Peter Navarro, a 77 year old economic theorist who uniquely champions tariffs.  To make matters worse, Trump is suffering a rapid dementia related mental decline.

The US right now is destroying its own economy.

August 26, 2026

Canada imposed retaliatory tariffs on U.S. steel, aluminum, furniture and clothing (50%),  cheese, appliances and some seafood, (25%) and on electronics and tools (15%), effective September 8.

It also pledged aid to Canadian workers.

It was a dollar per dollar match on US tariffs, which it basically offsets.

As a side effect of this, the price of household paper products, toilet paper and paper towels, is climbing.

Thanks Don.

On the contest of intellects, the petulant baby in the Oval Office threatened to rename Lake Ontario the Lake of America or something.  Trump actually thinks he renamed the Gulf of Mexico the Gulf of America, even though it remains the Gulf of Mexico in reality.  The Lake Ontario thing is incredibly stupid.  Nobody reacted positively to it, although I'm sure that administration flunkies will pretend it's a great idea.  Curtis Hertel Jr., chairman of the Michigan Democratic Party, stated:

Donald Trump has been America first in name only his entire presidency. He promised lower prices, higher wages, and no foreign wars … all of that is bull shit.  Renaming th fourth best Great Lake isn’t going to change that.

Americans aren't impressed with the latest Trump stupidity.

Trump shitposts fail to win support for Canadian trade war

On Trump dumping American cattlemen, John Barrasso, Senator from Trump, oh, um, Senator allegedly from Wyoming, posted this on Twitter:

Americans want US beef on the table – not foreign imports. Wyoming ranchers produce the highest quality beef in the world. Our ranchers don't ask for special treatment. They simply want a fair marketplace. It needs to be easier – not harder – for Wyoming ranchers to feed America. I will continue to fight for policies that strengthen Wyoming beef producers and invest in the American cattle herd.

Barrasso is a Trump suck up and hasn't really done much for Wyoming in years.  During election cycles he's for whatever he thinks Wyomingites are for and is otherwise a rank cowards pretending he thinks Trump is brilliant when he knows that he's not.  Last time he ran he became worried about gadfly candidate Reid Rasner and accordingly pulled to the hard right.

Barrasso must regard the Wyoming livestock industry as sufficiently powerful enough to actually hurt the GOP, or this an issue near enough to the hearts of Wyomingites, that he needs to speak up.  He didn't do that when public lands were on the table.  It's interesting in part because the Wyoming range cattle industry in particular, and agriculture in general, have been so pro Trump and pro GOP that it's quite literally actually stupid.  We posted on this the other day.

The GOP's useful idiots in agriculture.

Neither Hageman or Lummis have said anything.

Hageman, of course, has incentive not to.  She's a Trump endorsee and is now running against James Byrd tof Lummis' seat.  This makes her exposed on this issue.  If she speaks up, and she's going to have to, it puts her between somebody that supports here that she probably thinks is a heaping bowl of stupid in reality, but then exposing her to voters who she probably figures are more heaping bowls of stupid.  Byrd is perfectly suited to exploit this as Hageman comes from a farm/ranch and can't stay silent before she looks like a traitor.

Lummis, of course, comes from a ranch too, but as she's nto running, she doesn't have to say anything.  She seems to be bucking for a Trump cabinet post, anticipating that people will jump the Trump ship post election.

Anyhow, on Dr. John:

Beefing over foreign beef plan, Barrasso breaks with Trump administration

Closer to home, businesses have been closing right and left in Casper.

Casper’s Outback Steakhouse closes permanently after nearly three decades of business

Two locally owned Casper small businesses closing permanently

And, good riddance:

Enough! Evanston Man Says He's Leaving The State Over Property Rights Fight

On other economic fronts, the US came out with its "Economic D-Day" against Iran, which are really sanctions against Iranian trading partners, but not really.  It delayed the imposition of them to January 1, 2027, which means they won't happen at all.

August 27, 2026

Will Trump's latest beef plan make your hamburger cheaper? Not much, experts say

Of course it won't.  It's not enough of an addition to the supply chain to matter.

But it could impact other things, depending upon where the beef is sourced.

Last edition:

Subsidiarity Economics 2026. The Times more or less locally, Part 8. $40,012,700,535,679.44


Additional Labels:

Tuesday, August 25, 2026

Subsidiarity Economics 2026. The Times more or less locally, Part 8. $40,012,700,535,679.44

The National Debt at some point on August 21,

Republicans are flocking to decry it, after having participated in causing it.


They didn't cause it on their own, but they sure helped.  And Trump has spent money like a drunken sailor.

Part of the reason that Trump spends this way is that Trump drank deeply of Peter Navarro's economic kool aide.


Navarro believes heavily in tariffs and Trump, whose always liked the concept of tariffs, but who appears to no longer understand how they work, liked what Navarro had to say.

Tariffs have always existed as a means of boosting local businesses.  What they really are, is a species of sales tax.  The concept is to make stuff coming in expensive so that people won't buy it, and will buy something made locally instead.  That's about it.

The problem is that when you do that, you have to actually be making the things locally.  Tariffs might have made good economic sense if the US had started easing them in during the late 1960s when the post World War Two economy started to fade.  But we didn't, as we saw no need to.

By the 2020s, it's really a little bit late.  In fact, it's way late.  The world's economy is now highly integrated, surpassing the level that had only previously been obtained prior to World War One.  We don't have what people complained about, for example, in the late 60s and early 70s of cheap Japanese products taking the market (something that wasn't anywhere near the threat it was imagined to be).  What we have instead is an economy where anything serious has parts made all over the globe.  Nothing you are using, if has multiple parts, was "made in America".  It was made all over.

Given that, what tariffs really do is simply make everything more expensive.  It'd take at least a decade for high tariffs to "bring back manufacturing", if it can do that at all.

Whether it can ever bring in jobs is questionable at this point.  Since January 2025 the US has in fact lost manufacturing job, with about 75,000 departing . Trump likes to claim that new factories are springin gup all over the place.  In fact, a factory construction boom peaked in 2024, under Joe Biden, and has been crashing since.

It may just be that it isn't the late 1890s any more.

So all the Trump administration has really done is ineffectively switched income tax for a national sales tax.  It's hurting everyone, and it is largely illegal, resulting in a lot of the money being collected, having to be sent back out.

Congress can fix this, if it has the will. Republicans right now are pretending that they do, but with few exceptions, like Thomas Massie, they're rank cowards and voted for Trump's economic fantasies.  It may take a Constitutional Amendment to force the matter, which at a bare minimum should provide that save in the time of war and bona fide emergency, the budget must balance and retire a portion of any built up debt, with taxes to automatically rise to balance any budget that isn't balanced.

What needs to be done first of all is to get the budget under control.  That would technically be easy to do.  And part of that needs to be a sincere effort to eliminate the debt.  It's now completely impossible to do so rapidly, so it'll have to be done slowly.  

On expenditures themselves, the Federal budget breaks out this way:

Social Security: 22%

Medicare: 15%

Net Interest (on the national debt): 15%

Health (including Medicaid): 13%

National Defense: 13%

Income Security: 10%

Veterans Benefits and Services: 6%

Social Security is in trouble due to slow down in population growth.  Nothing can be done about that or should be.  Medicare is in the same boat.  

National Defense should be cut by 2/3s.  That can be done by eliminating the insane level of weapons expenditures and by going to a reserve based defense.  That'd help, but that won't accomplish everything, obvious.  Military retirement age should be changed so that thirty years rather than 20 are the qualifying number.  That'd help a bit.

Indeed, there are actually a fair number of Federal jobs that require twenty years in order to retire at some level.  Save for policing roles and military ones,. Fed retirement should require thirty years and only be capable of being drawn when you reach 60 years of age.

And yes, this is a crisis.

So, you might perhaps note, you are a Distributist.  Does this square with Distributism?

Overall it does.  At one time I would have considered tariffs a policy option to address foreign manufacturing, but nothing fails like failure and its obvious that isn't the solution to that.  Boosting U.S. manufacturing has to come some other way, and frankly technology is probably what would do it.  Technological revolutions tend to bring industry to where they occur.  Our problem here is that this is entirely in the hands of the super wealthy right now, who don't have your interest or that of the country's in mind.

Additionally, our current President is addled and looks back with romanticism on the past . He's actively working to destroy American industry as a result.  Electricity is the future of transportation, not petroleum.  Wind, solar and nuclear are the future of power generation, not coal (Trump does support nuclear).  We need to really get with the program and we can do that through regulation.  Phasing out fossil fuels should be an economic priority for obvious reasons, and an environmental one for obvious reasons, and a defense one for obvious reasons.

August 22, 2026

Another Trump Call For Imported Beef Riles Up Wyoming Ranchers

This is really an example of ranchers and farmers being members of the Leopards Won't Eat My Face Party.

Why ranchers and farmers vote for Republicans is beyond me.  So they're getting screwed by Trump?

What did they expect?

U.S.-Canada trade talks collapse just before deadline for tariffs

Using debt to buy back debt:


We're in huge financial trouble.

August 23, 2026

Trade talks between the US and Canada ended and the countries are now in a trade war.  Canada has made it clear that the US is about to suffer through energy imports.

August 24, 2026

From the CST:


Well boo hoo, cry me a river.

I'm a cattleman and frankly we're amongst the most reliably stupid voters for the GOP there is.

Vinegar Hill posted this yesterday:

The GOP's useful idiots in agriculture.

An old friend of mine who is a rancher has been somewhat active in this year's election cycle.  He is, of course, a far right Republican.

I say of course as just about every rancher and farmer in Wyoming over the age of 40, and quite a few over the age of 35, are diehard right wing full blown MAGA Republicans.  Below the age of 40 things start to change a lot.  Most are Republicans, but a lot aren't diehard.  They're Republicans the same way everyone in Wyoming is a Republican, pretty much.  Generally conservative.

But above 40, they're in lockstep with Donald Trump.

My friend, this cycle, had a big Chuck Gray up near the DOT fence.  This wasn't too surprising as his grandson works for Gray.* **

Well, now, all of a sudden the noted friend is posting on the disaster of letting foreign beef into the country.  So are a bunch of other ranchers I know.

The Republican Party has been pretty much screwing ranchers and farmers since 1929.  It was the Democrats who save farmers and ranchers during the Great Depression.  Most small and mid sized ranches would have been utterly destroyed but for the Taylor Grazing Act.  

The Trump Administration, for its part, looks at farmers and ranchers the way the Democrats once looked at African Americans, people who could reliably be counted on to vote for the party no matter what.  In recent election cycles African Americans proved they were no longer reliable.  So far, people in Agriculture aren't showing any thought at all.

Indeed, they're showing cognitive disconnected.

This morning I've seen all sorts of complaints from ranchers about how they're getting killed in this economy, as noted.

And now Trump's bringing in below market cost foreign beef.

No shit.  YOU VOTED FOR IT.

Inflation, particularly of fuel, caused by Donald Trump's pet illegal war. The same with fertilizer costs.

WAKE THE CRAP UP.

The GOP is not coming to save you.  It's coming to screw you.

Indeed, trade talks just broke off with Canada.

Double digit inflation, caused by a massive rise in energy costs, is about to occur.

Footnotes:

Gray has more affection for Trump than Natalie Harp and Melanija Knavs combined.

The grandson is an interesting case in and of himself.  He's undoubtedly the first member of his extended family to go to university.  He's in law school right now.  He's also a diehard MAGA, and indeed, maybe even beyond that.  Now the question of how that happens is another matter.

The common myth, and it is a myth, about young people in conservative homes is that they go to college, where they lose all of their values, and their faith, emerging hardcore screaming liberals if not Bolsheviks.  This is, it is believed, because they're indoctrinated in college by leftist professors.

It's largely bull and in the scientific disciplines definitely bull.  Majors in geology, for example, aren't going to have time for liberal indoctrination.

For that matter, majors in English probably don't either.

So what's going on here.

Well, a person from a really conservative Protestant background may in fact find a lot of what they learn in college shocking.  The Earth isn't 5,000 years old.  Evolution isn't a fib.  Conquering the West wasn't bringing enlightenment to an oppressed people and, in fact, some of those being conquered where already Christian.  The US isn't bestowed by God with a new Israelite like mission, and for that matter, the modern state of Israel does some outright horrible things.

Faced with that onslaught, young people are in fact faced with the choice of accepting that Pastor Jim back at his own do it yourself Evangelical Church is flat out wrong on a lot of stuff, and Mom and Dad are ignorant, or concluding that everything they're being taught is a fib.

Most will conclude, to some degree, that Pastor Jim is wrong on a lot, and that Mom and Dad are ignorant on a lot of stuff.

Now, I'll note, this shouldn't impact member of the Apostolic faiths at all, but in the US some Apostolic Christians are heavily Protestantized and have bought in, through ignorance, to a lot of what the Evangelical far right believes.

Anyhow, a lot of this is about to collapse on an enormous scale, as we'll soon see.

**There was a good Republican candidate running against Gray, Christensen.  He had worked for the BLM.

Well, we're getting instead a Californian who worked for his daddy's radio station.

He's completely correct.  

Cattlemen and farmers will sit around in gatherings and support Trump on every other horrible thing he does, and then they're surprised when he turns on them.

Now they can share the pain they helped bring about.

On Canada, the Canadian government is absolutely furious over demands that were made of the country, including that Canada abandon the use of French and that it agree to mirror the US's trade polcies.

One Canadian figure called the demands "insane".

This administration at this point is so stupid on these matters its indescribable.

August 25, 2026


It's pretty clear that the Trump administration has no idea whatsoever as to what it's doing.

Last edition:

Subsidiarity Economics 2026. The Times more or less locally, Part 7. The jackass in a tin barn edition.

Sunday, August 23, 2026

Wednesday, August 23, 1876. Treaty No. 6 signed at Fort Carlton, Saskatchewan

Treaty No. 6 was signed between the the Crown and the Plains and Woods Cree, Assiniboine, and other band governments at Fort Carlton and Fort Pitt.  The first signatures were today.

Last edition:

Tuesday, August 22, 1876. St. Louis votes to secede from St. Louis.

Friday, July 31, 2026

Subsidiarity Economics 2026. The Times more or less locally, Part 6. The screwworm edition.

Exports of petroleum products and capital goods jumped to record highs reducing the U.S. trade deficit. 

The capital goods item is interesting and I haven't seen it explained. That is a positive trend, if sustainable. The oil exportation one is not as it depletes a diminishing resource at the expense of U.S. consumers. A lot of it seems to be related to AI exports, which isn't necessarily good, aircraft production, and war related purchases.  If all that is correct, it won't be sustainable at the current levels, probably.

Screwworms have reappeared in Texas after a sixty year hiatus.  The Trump administration is blaming the Biden Administration, as that's its default thing to do, but the Trumpistas lifted protections that were in place and allowed importation of Mexican cattle via ports in a probable attempt to lower beef prices. This is likely to have the opposite effect.  It's a more likely cause, although there were concerns about animals moving across the border illegally during the Biden Administration.

Mexico itself was screwworm free as of 1991.  Somehow that got reversed one way or another, and now the problem is back.  Given that, it probably was coming back no matter what.  It is a major crisis.

Nobody has cited the weather, but it is spread by a fly, and that may very well have resulted to the spread of the flies range.

Inflation is up to 4.2%.

cont:

Reporter: Are you concerned, Mr. President, about the latest inflation number which came out this morning?

Trump: No, I love it. I love the inflation.

Johnson is already saying that's not what he meant.

June 14, 2026

Indeed, this would be horrible news:

Wyoming Outfitters, Hunters Say Screwworm Would Be Wildlife Disaster If It Hits State


And Carney continues to press for the new reality of American unreliability.

A global rupture’: Carney calls for Canada-EU unity before G7 summit

Canada’s prime minister has warned that the ‘rules-based’ global order is ‘breaking down’ amid superpower dominance.

June 19, 2026

Those of us in the livestock industry should pray for rain.  We also ought to realize that voting for climate change deniers like Harriet Hageman is basically putting a knife to the through our our children, and then cutting their arteries.

Wyoming Ranchers Pray For Rain As Drought, Demand Push Beef To Record High Prices

Drought?  Get real.  This isn't a normal drought.

June 22, 2026

Senate overwhelmingly passes sweeping bipartisan housing affordability bill

A rare distributist bill.  It bans private equity acquisition of homes.

It will be challenged 

Senate overwhelmingly passes sweeping bipartisan housing affordability bill

June 26, 2026

West Texas is at $69.53.

June 30, 2026

The 1.5-gigawatt Prometheus Hyperscale data center will now all be in Natrona County on the Falls Ranch property owned by Texas billionaire carpetbagger Russell Gordy.

Trump called the housing bill that passed both houses "a big yawn".  He's holding it hostage in hopes it makes congress pass the antidemocratic SAVE Act.

July 1, 2026

ABC reports that  President Trump has earned more than $1 billion from his cryptocurrency ventures while in office.

July 2, 2026

Grand Teton National Park employees unionize


July 9, 2026

Wyoming coal company wins federal money to extract critical minerals from Powder River Basin

July 14, 2026

Illegal tariffs being refunded pushed the June federal budget deficit up to $120 billion.

July 15, 2026

Headline in the CST:

Low US birth rate may create future housing glut

Also a headline in the CST:

Out of reach:  Research: More young Americans can’t afford to buy a starter home

In truth, the two headlines actually aren't contradictory.  An era of declining population will come, and that will cause a housing glut. And that's all a good thing.

July 20, 2026

The illegitimate demented fool occupying the White House as Congress is too cowardly to boot him out, is attempting to raise tariffs on Canada 50%.

Yet another dumb ass diversion

It'll fail in the courts.

July 22, 2026

Trump approved a 30 year deal with Saudi Arabia that will provide the it with a civilian nuclear program and potentially open the door to uranium enrichment in the kingdom.

The Saudi's likely want this as they know that oil is a finite resource, which we seemingly do not, and they know that global warming is not a fib, which the GOP does not.

What an irony, however. Nuclear deal with a theocratic Islamic state while we're at war with another nearby theocratic Islamic state for having a nuclear program.

And, an interesting examination of petroleum prices:


July 24, 2026

The Trump administration is imposing new tariffs of 10% and 12.5% on 60 trading partners, including the European Union, on the pretext of lax enforcement of forced labor bans.  

It comes right as the 10% tariffs expire and it'll be challenged in court, and fail.

It's really difficult to believe that an administration that won't release all the Epstein files, which involved a sort of child sexual labor, is concerned about forced labor.  This is absurd but fits into the Navarro economic model Der Fibber has bought into.

July 30, 2026

Coal and the Wyoming Congressional Delegation. They always have your back:

July 31, 2026

Growth fell in the second quarter, despite the AI business spending boom.

Cont:

The Trump administration announced it will end the Medicare Part D subsidy program in 2027.

Last edition:

Subsidiarity Economics 2026. The Times more or less locally, Part 4. Economics in the Dementia Ward.

Thursday, July 2, 2026

Friday, July 2, 1926. Air Corps established.

Mexican President  Plutarco Elías Calles published the vile Calles Law, effective July 31, which banned religious education, foreign priests and political commentary in religious publications, seizing church property and holding that worship could only be conducted inside of churches and under the supervision of local officials

I've written on Calles before, who in some ways got his just deserts, but the damage he did is still felt to this day.



The United States Army Air Corps was established as an expansion of the United States Army Air Service that had been created on May 24, 1918.  It was not, however, an independent service, nor did it enjoy the level of autonomy of the Navy's Marine Corps.  Nor should it have. . . even to the present day.

Canadian Governor General Julian Byng dissolved Parliament.and scheduled new elections for the House of Commons and Senate to take place on September 14, which seems like a rather long delay.

Silent Cal addressed the Press:

I am not sure just what time I shall leave, or rather what day, to go up to White Pine Camp. I can’t leave earlier than Tuesday and I should expect to get away certainly by Wednesday.

I haven’t any more information about the investigation by the Federal Trade Commission of the gasoline industry. Here is a speculative inquiry as to the effect of larger output on prices. I don’t consider myself any better qualified to discuss that than the gentleman who asked the question. I suppose it will be apparent that if the price went up undoubtedly that would stimulate production, and if it stimulates it enough an oversupply would be produced which would undoubtedly have the effect of a reduction in prices. There has been an increase in production. Whether that is taken up by an increase in consumption would be a matter that would have to be considered in order to make any estimate as to what effect the increased production would have on the price. I think there are some 3,000,000 more automobiles this year than there were last, which undoubtedly causes a larger consumption of gasoline than in past years. There aren’t any developments in the Fenning case which I have knowledge of, other than those which have been reported in the press.

Press: Could you say whether or not the Attorney General has made that report you have been looking for?

President: He hasn’t made any report. I have asked him, as I stated the other day to the conference, to keep watch of the situation and keep in contact with the Committee to see if any action is necessary on my part.

I shall go to the Capitol tomorrow to sign bills. I found after thinking it over that I recalled very clearly going up two years ago. There was some question about that in my mind that arose at a previous conference the as to whether the President went up at the interim recess of Congress, or whether he only went up when Congress adjourned on the 4th of March, or went out of existence. He goes up at each time. While it has never been decided I think by a court of last resort whether the President has authority after Congress recesses to sign bills, some bills have been signed, but it has usually been the practice not to sign bills after Congress adjourns. I recall very distinctly being up there two years ago. I know Senator Lodge was Chairman of the Committee, being the majority leader, and he came in and notified the President that the Senate was about to adjourn and inquired if there was any more business. Something occurred during his conference with me, so that the President Pro Tem adjourned Congress before the committee got back to report – adjourned the Senate.

Did you find out Mr. Sanders – did you fin d out whether any Copeland case had been sent over here from the Department of Justice?

Mr. Sanders: It has not come, Mr. President.

President: I had an inquiry as to whether any report had come over here from the Department of Justice relative to an application for a pardon for a man named Copeland in Buffalo. No such report has come here. No application has been received here for any pardon for a man by that name.

People were calling Aimee Sample McPherson's disappearance story into question.

 


Last edition:

Thursday, July 1, 1926. Sweden creates an air arm, Safeway and Skaggs merge, Canada goes back on the gold standard.

Wednesday, July 1, 2026

Thursday, July 1, 1926. Sweden creates an air arm, Safeway and Skaggs merge, Canada goes back on the gold standard.


The Country Gentleman had switched over to being a monthly at this point.

The Swedish Air Force was founded with the merger of the aviation elements of the Swedish army and navy.

Safeway and Skaggs merged with the Safeway as the surviving entity.  It had 995 stores.

The march of the chain grocery store was of course on. Casper had a Piggly Wiggly at this time, but it also retained a huge number of local grocery stores at this time.

Canada returned to the gold standard.

Last edition:

Monday, June 29, 2026

June 29, 1876. Evacuating the wounded and turning east.

Reno's wounded were evacuated from the field for the steamer Far West.  Reno was now in command of the 7th Cavalry.

One thing that might as well be brought up here is the myth of Miles Keogh's horse, Comanche, which is often cited to be "the only living" survivor of the Battle of the Little Big Horn.


Baloney.

All of the soldiers under Custer's command were killed, but not all of the horses.  Comanche was left as he was badly shot up.  Not all of the 7th Cavalry horses were, and those that survived and were in decent condition were taken, just like the arms of the 7th Cavalry were, by the victorious natives.  Over 100 7th Cavalry mounts were taken by the Sioux and Cheyenne with them, and one was later recovered by the North West Mounted Police.  The Mounties asked the U.S. if they'd like them to recover others, and the answer was no.

Terry's now united command turned towards the east, pursuing trails in vain that lead in that direction.

Last edition:

Wednesday, June 28, 1876. Burial detail.