Comments by "John Smith" (@JohnSmith-op7ls) on "The Plain Bagel"
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The US isn’t protecting its telecom infrastructure from the Chinese for competitive reasons, it’s bedside the Chinese have been proven to be installing back doors into telecom hardware.
So you comparing that to Canada doing it for economic protectionist reasons makes no sense.
Also, the US has lost a lot of jobs to Canada, especially higher paying programming jobs, and the US unemployment rate, which is a poor reflection of actual unemployment, means nothing here.
The unemployment rate doesn’t accurately show how many are unemployed, it doesn’t factor in the income levels of jobs, and it doesn’t factor in that nearly all the new jobs added since the end of Covid have gone to economic migrants, many of whom are illegal.
So the US isn’t in good shape when it comes to unemployment.
You also don’t factor in that being able to export jobs to cheaper places only adds to the already high decline of US wages compared to inflation.
The US could produce oil more inexpensively if the government wasn’t so hostile against oil production, meaning it doesn’t really need Canada for cheaper oil, it just needs to stop holding back on oil production.
As for US banks operating in Canada. You say Trump is wrong that they can’t, then immediately say that they can’t and instead have to set up Canadian subsidiaries which are all but disconnected from their US parent company in terms of operation.
This means they operate as Canadian banks.
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