So on Trump's Tariff Day, little PP FINALLY comes out with what he calls a "plan" to deal with Trump and support Canada if he wins the election...and I'm here to lay it out for you all and tell you why it's ALL terrible.
Firstly he claims that he's not been directly lobbying the US for a reprieve on tariffs, or going on American TV to plead our case (a dig at Ford clearly)...but has been doing his "homework" to plan a neutralization of Trump's tariffs and threats of tariffs.
He claims he would renegotiate the trade deal with the US as soon as possible - Except we did that the last time Trump was in office and he's still doing this now in complete violation of his own negotiated agreement...so this is pointless.
He reiterates that he will cut income tax (the aforementioned 2.25%)...which I guess sorta helps but also takes away money from the govt to help the people who DO lose their jobs or whathaveyou from a recession/trade war...who would then not be paying ANY tax....so that's mostly pointless too.
He would reduce the Capital Gains Tax burden on people investing in Canada, Helping wealthy people to use their assets and money, when tough financial times arrives, to roll over their investments without paying tax so they can buy more assets....This helps no one but wealthy people.
And he says he would give businesses liquidity support programs to keep their companies afloat, instead of doing what the Liberals did during covid and giving money to the working class people money to keep them afloat...so again, helping wealthy people over working people....
And the main part of his plan, which is the stupidest, is to build what he calls an "Economic Fortress" by turbocharging oil and gas development and pipeline construction to get more of Western Canada's resources to other parts of the country and around the world, lessening the country's dependance on American market...so firstly the MAJORTy of oil and gas companies in Canada....are American-owned...so his plan is to build an economic fortress AGAINST America by doing something that helps and turbocharges American companies interests in Canada? And it gets worse...appox 76% of Canadas total exports go to the US, and 97% of our oil and gas exports go to the US...so his plan to fight the US is to turbocharge the industry that is entirely reliant on exporting almost all of their product to the US?
And for the people who are like "Well that's why we need more pipelines and shipping so that we can export to places other than the US!"....Except that's never ever been a viable path for anyone with knowledge about the industry above the pay grade of the grunts in Alberta who think it's doable...because worldwide oil market factors are in play, which shows us that MSOT other countries don't want to buy CDN crude because it is heavy and sour, and requires specialized refineries and infrastructure...so they can get lighter and sweeter oil from other countries for the same or less price (US refineries in the Midwest are plentiful to handle our bitumen, because that's what they were setup to do)...like this is why for example China has not been interested in buying our product it costs them more and they can get better quality elsewhere...and even in the magical dream land that PP lives in where they MIGHT buy our product, it would take those countries YEARS to make those deals go through, and more years than that to set up refineries to handle our crude, and it would take years for us to make the pipelines a reality...and all the interim investment would go where? THE USA....
PP's plan makes less than zero sense....but he's depending on the fact that enough people buy into it at a surface level (and the low level grunts in Albtera who don't know any better and believe their govt lies about their waning industry) so he might squeak into power...
This post has been edited by QuickTidal: 03 April 2025 - 05:04 PM
"When the last tree has fallen, and the rivers are poisoned, you cannot eat money, oh no." ~Aurora
"Someone will always try to sell you despair, just so they don't feel alone." ~Ursula Vernon