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Los Angeles, California, United States
The blog 'Breaking Bread' is for a civil general discussion, like you might have at the dinner table with guests. The posts 'Economics Without the B.S.' are intended for a general audience that wouldn't have to know the difference between a Phillips Curve, a Laffer Curve, or a Cole Hamels Curve. Vic Volpe was formally educated at Penn State and the University of Scranton, with major studies in History, Economics and Finance, and Business; and, is self-educated since by way of books and on-line university courses. His practical education came from sixty years of work experience in the blue-collar trades as well as a white-collar professional career -- a white-collar professional career in production and R&D. In his professional career and as a long-haul trucker, he has traveled throughout the lower forty-eight. From his professional career alone he has visited many manufacturing plants in the United States, Europe and China. He has lived in major metropolitan areas and very small towns in various parts of the United States. He served three years with the U.S. Army as an enlisted man, much of that time in Germany.

Wednesday, March 12, 2025

Trump's National Security Strategy???

 

Economics Without The B.S.**: 


[**  Double entendre intended.]



Article out today with the AP:

Canada and the EU swiftly retaliate against Trump’s steel and aluminum tariffsCanada and the EU swiftly retaliate against Trump’s steel and aluminum tariffs


President Trump says he got involved in the Russo-Ukraine War because he wants to bring peace. This, while he conducts a trade war, not with our adversaries, but our allies.

The GDP (nominal) of Canada is a little over $2 trillion and the GDP (nominal) of Mexico is about $1.8 trillion -- both of which Trump says are taking advantage of us. The GDP (nominal) of California is $4.1 trillion; the U.S. is around $28 trillion.

Remember that as you start to pay more for a wide variety of things, because we do a lot of business with both nations back and forth.

The Ukrainian War is Putin's quagmire, his Vietnam. Why you would want to help Putin out of that while the Ukrainians want to fight for their homeland, is beyond me.

If there is a national security strategy there, I have not been able to figure it out. And that is without bringing in the repercussions concerning China.


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