DSR Daily September 8: Trade Wars: The Canadians Strike Back

Minestime, we're back. It's the day after Labor Day. It's September. It's back to school. It's

“50 odd days till the election. The world is going to hell in a hand basket and they put up the”

bat cycle and they say, well, if the world's going to hell in a hand basket, who do we want to talk to us about it? They want Minna. They want Riley and I've come along for the ride. So where do we

start, guys? Well, our president has been busy and our absence. That's never a good thing. Never a good thing.

Canada has also been busy and they've implemented dollar for dollar retaliatory tariffs on the 20 billion dollars worth of U.S. goods after trade negotiations collapsed, escalating an 18 month dispute. The mutual tariffs target major sectors including steel, electronics, and agricultural products, while bypassing a standard U.S. MCA protections and threatening the broader free trade agreement. In response, President Trump has floated the idea of banning Canadian aerospace manufacturer

Bombardier from selling planes in the U.S. drawing immediate pushback from Republican and

Jerry Moran and others. It's Bombardier by the way. How do I know that? Because I was a U.S. trade

official and you know what I learned when I was a U.S. trade official all about U.S. aerospace trade. It's very interesting because Bombardier's biggest competitor is a company called Gulfstream, Gulfstream's in South Carolina. Bombardier is in Canada and you would say, well, then, you know, what the president said, which is what one's Canadian wants American by the American one,

“except, and by the way, some folks at Gulfstream said that. But guess what?”

The American content in the Bombardier jets was actually in many cases higher than the American content in the Gulfstream jets. Because sometimes the Gulfstream jets use Rolls Royce engines would be made in England and sometimes the Bombardier jets use GE engines which were manufactured in the United States. And see, this is something about trade that the president doesn't understand that in a world of integrated supply chains, the name on the company, or where the

headquarters of the company is does not necessarily mean where the economic benefits of that company's activities primarily accrue. Many, many thousands of jobs exist in the United States because of

“Bombardier and so shutting them out would have a very negative consequence on those people.”

Now, of course, Trump doesn't typically care about jobs and he's at Donald Lousy job of

creating jobs. And he likes to do things that make him feel presidential and powerful.

And that includes lashing out foolishly like this. The Canadians have been very methodical in their response. The tariffs that they are introducing will be painful for many Americans. Trump is likely to continue. He really has a burr under his saddle about Canada over the weekend in this kind of torrent of AI swap that is now his primary output is president of the United States. One of the things that he promoted was a map of North America

in which it was all the United States. Imagine, imagine for a second that Russia promoted a map of Europe in which all of Europe was Russia or Poland was Russia or the Baltics were Russia. That would be seen as an act of aggression, particularly if the leader of Russia had at the same time said, yeah, they should be our 51st state or we're going to take over Greenland, et cetera, et cetera. So we are in an area of madness that no one could have imagined.

I don't think at any point in my life where we're attacking our best friends because the presidents twisted on this issue. It doesn't seem like it's going to be resolved anytime soon. So we'll be back to talking about it again undoubtedly in the near future. And by the way, it's going to have an effect on the elections. And the president doesn't seem really glued into that. Some Republicans are starting to wake up. These policies are bad news.

But there's a story in the independent today, by the way, on the Iran War,

just the energy prices alone, a hundred billion dollars. So all of this stuff adds up and it's

“coming at the worst possible time for the president and that ladies and gentlemen is your first”

silver lining of the new school year. Well, speaking of the election, Republicans are gathering in Dallas for an unprecedented today midterm convention spearheaded by President Trump to rally supporters and highlight his administration's agenda. Trump envisions the event as a presidential style showcase to booster voter turnout and bolster congressional candidates urging voters to treat the midterms again as if he himself was on the ballot. While the public event features

an extensive lineup of speakers, including administration officials, party leaders, and some candidates,

much of the focus centers on showcasing Trump's policy record and making a sharp part as in

“case against Democrats. Yeah. And, you know, couldn't be more ill-conceived. And lots of”

Republicans are like, hey, I got to be washing my hair. I'm not going to this thing. Because there are a lot of Republicans who realize that being closely associated with Trump is so bad that associating them with Trump is the primary democratic campaign activity in a lot of places where people will say this person voted for Trump 100% of the time or that person did. Trump demands total loyalty. So you do still have some people who will show up at this thing. And they will

want to make Trump's agenda and Trump's record seem good for the American people. Now, how do you do that? How do you do that, Riley? If the record is terrible and the agenda is terrible.

“Why or come up with some bullshit distractions? Why? Exactly. This is going to be a torrent of”

lies, a tsunami of lies, a volcanic explosion of lies. The mother load of lies were the week. We are going to see lies about Trump, lies about what he's done, lies about the implications of it, lies about his foreign policy, lies about his domestic policy, lies about how it's helping Americans, lies about the economy. It is going to be ugly. And I have to say it's made all the uglier by the fact that while Trump could get on his plane and fly off to Dallas and celebrate

himself, just like all his monuments, celebrate himself, just like the banners and down, celebrate himself, just like Trump is trying to make his presidency about celebrating Trump. Where is he not going to be this week? He's not going to be in New York City to commemorate the 25th anniversary of 9/11 because the people organizing the anniversary celebration, which by the way, will be attended by all other living presidents, wouldn't let Trump give speech, wouldn't let Trump

try to make 9/11 about himself, no Trump's record of lying about 9/11. And so he is not going to be doing what a president should be doing. He is going to be doing what an Eagle, maniacal want to be dictator will do. And it's going to play real, real ugly folks. And if you want it a bad way to kick off a campaign for the GOP and to produce even lower poll numbers, then you've already got, this is the way forward. You know who will be in New York on 9/11? Me because I'm a patriot.

You are. You are a patriot. What are you going to do? Are you going to go to the 9/11 site? Are you going to participate? Well, that's good. I confess I get there at night, so I'll miss all of them. Well, you know, what you won't miss is if you get to New York and you look southward, they have these lasers that fire upward from where the towers were. And of all the memorial things

I've ever seen in my life, it's one of the most moving. It's just amazing and it's ghostly and

you go, oh my God, 3000 people died that and worse, you know, we'll talk more about this as we go through the week. The US response to 9/11 produced 25 years of some of the worst foreign and national security policy ever by a major power in history. And there's a lot to think about in retrospect. And on some of our podcast later this week, that's just what we'll do. We'll talk a little bit

on 9/11. Where were you been? Go on. This is going to rock your world. Go on, go on.

“The baby. How old were you, man? I was a year old. Yeah, that's what's happening. You've heard about”

Zoomers. You've heard about Generation Alpha. They don't remember 9/11. I don't criticize them for that. I just for all of you out there who think of this as, you know, turning point. If you're under 35, you don't remember 9/11, really. If you're under 40, you don't remember 9/11. And then as we often said, by 20/28, the majority of voters will be under 40. And so while 9/11's a big deal,

it's actually the after effects of 9/11, the Iraq War, the Afghanistan War, the never-ending

wars, the Iran War. America's mistakes and declines in the superpower that are really much more relevant than the act itself to the people who will be the majority in our upcoming elections. Also worth thinking about. I'm sorry to interrupt, but I really have to tell you about our

“substack. The DSR Network substack is the absolute best way to follow deep state radio. The DSR”

Daily Words Matter need to know Silicatiousness, AI Energy and Climate and the Daily Blast. Sign up to get notified every time a new episode drops and stay up to date on the latest news and expert analysis. You can also support us by becoming a paid member.

Payed members get an ad-free listing experience, select episodes two days early,

access to live streamed episodes and 50% off of David's need to know Substack. Please consider joining us at DSR Network.Substack.com. That's DSR Network.Substack.com. Thank you and back to the show. Well, President Trump has sparked yet more backlash after sharing images and AI videos suggesting that new Mexico be renamed to New America, which doesn't make a whole lot of sense

if you think about it for more than two seconds. Well, he didn't do that.

“Riley, why do you think he would think something more than two seconds?”

We don't think here. That's not what they do. He is Natalie to do the thinking for him. But in New Mexico, they don't like this idea. No, no. Democratic leaders in New Mexico forcefully rejected the idea, emphasizing that the state's name is enshrined and its constitution and reflects the centuries of deep history predating the United States. Other President has previously

issued executive orders to rename federal features like Gulf of Mexico and Lake Ontario. He possesses no legal authority to alter the name of a sovereign US state. He also possesses no legal authority to rename the Gulf of Mexico or Lake Ontario. He's just doing it and people are going along with it because you know Google wants to be at his good side. So let's change Google maps. But you know, I mean, you may not be presidents in the

past don't do that kind of thing. It's because there is no authority given to the president in the constitution from which he is supposed to be driving his powers. And, you know, yet on he goes with this. Why? Because executive orders are things that he can do easily and the people who draft those executive orders are sick of fence and the White House and they'll do whatever he wants. And it makes him feel powerful and that's all this is about this is the mad

king with a bunch of court years around him saying, oh, Mr. President, would you like another Diet Coke? Oh, Mr. President, you're so handsome. I like the way you died your hair brown after it was a blonde last week or is that a ferret on your head? I don't know. It looks beautiful, Mr. President. And, oh, Mr. President, this idea of going to war with Iran is fantastic. And the people of the United States should love you for it. And so on and so

for it. And so, you know, part of the problem is it's, you know, it's, it's, he lives in a bubble

surrounded by people with terminal group sick. And they say to him, oh, you're so powerful. Rename something. Rename me, Mr. President. And, you know, he's his willing to oblige it. And, you know, even though the places that he is renamed in the past like, you know, Trump apartment buildings and complexes in the past, as soon as they had the chance,

this kind of branding and thinking. Certainly, New Mexico will remain New Mexico long after the

people of the United States have forgotten Donald Trump or where. Oh, well, never mind. I won't get

into what happens post Donald Trump because it's just a fantasy that's too diverting and too exciting.

“And we have to, you know, get through all our stories here. So what's the next one, madam?”

Yes, let's pay ourselves. And in the meantime, facing an imminent social security trust fund the police shouldn't project for the early 2030s, speaking of what happens after Trump, that could trigger a 22% benefit cut. Several Republican lawmakers are breaking long-standing party orthodoxy by expressing willingness to raise taxes to help fund the program. Keep proposals such as raising the payroll tax cap on higher earners, have gained by partisan

interest from lawmakers who argue that benefit cuts alone can no longer solve the nearly $500 billion shortfall. However, anti-tax conservatives strongly oppose these concerns, arguing that Republicans should stick strictly to spending cuts to avoid alienating voters

“and risking political backlash. Yeah, like those guys are so out of touch.”

And the people who are breaking with quote orthodoxy on this thing are people who know how to do arithmetic. And the arithmetic is that the Republican party is supported primarily now by boomers and gen-exers who planning on having social security. And if you take it away or you cut the

benefits, you're going to alienate them and they are never going to vote for you. And they don't want

to be in that position. Older voters are also voters who tend to turn out in higher percentages, even with the demographic shifts in this country. You don't want to alienate them. Again, particularly if you're a Republican party because the affinity of younger voters is leaning in the direction of Democrats to a greater extent than it does with older voters. But the story is misrepresented in the Washington Post, which talks about tax heights. And as our friend Dan

from can point it out on social media this morning, that's not what the proposals are talking about. The proposals are talking about taking all the people who don't have to pay for the

“bulk of social security rich people and having them pay their fair share. What does that mean?”

That means getting rid of the cap on social security payments. As our friend Nick Hannah are pointed out on a recent podcast of ours, you could remove the cap so that everybody pays a percentage of all their income to support social security, including, by the way, income like capital gains, which is the primary source of income for the rich. And in so doing, you could cut the social security tax rate from 12% to 6%. So you could cut it in half. So if you actually get the rich

to pay their fair share, the tax rate, the burden of social security will go down. It won't go up. So it's not a tax increase. What other Republicans want to do? They don't want to disturb their rich friends. So they want to take away food, housing, medical care for older Americans who've invested in that their entire lives, taking their money based on the idea that they were going to get their money back at the end of their lives as a result of this sort of national

savings program that social security really is. It's time for some changes in the structure of social security, but it's not about raising taxes, but taxing everyone and not just labor-based income, but also sources of income that are investment-based. And that can lead to lower burdens on everybody in our society who can afford those burdens and a minor inconvenience for the richest Americans who won't feel a thing. Well, bad news isn't just exclusive to the United States.

Germany's far-right alternative for Germany, party achieved a historic victory in the Saxony and halt region election by securing a 43.8% of the vote, putting them within a reach of governing

a German state for the first time. The party could potentially form a majority government with

a left-wing populist BSW party as mainstream parties like the CDU saw their support collapsed to historic lows while refusing it to align with the AFD. Led by 35 year old old Rick Sigmund,

segregation in schools, drawing international praise from figures like Donald Trump and Elon Musk, along with sharp condemnation from European newspapers. The rise of the far-right and germinate, what could go wrong? You know, the question, I guess, that is answered by all of this, is how many decades after the greatest political catastrophe in the modern history of the world. Does it take for Germany to

forget the lessons of that catastrophe? The answer is, looks like about eight. And, you know, does this

mean they're heading back to Nazism? No, not necessarily. Does it mean they're heading to a dark place that is, you know, fascistic, racist, nationalistic, xenophobic, bad for Germany, bad for Europe,

“immoral, indecent? Yeah, that's where they're headed in Germany and that's why Elon Musk loves it.”

Elon Musk, who is the world's leading white supremacist, nationalist, pro-fascist, Elon Musk, the world's richest man, who is investing $100 million to change

outcomes in U.S. elections right now, who sat at the right hand of Trump and helped him engineer

a 24 election victory, which to this day I have my doubts about because of the involvement of Elon Musk. I know, I know, crazy, left wing conspiracy theorist. Sorry, when an organization cheats and lies as much as Trump and the people around him, it would be foolish not to be skeptical of their assertions. Anyway, this is a difficult development for Europe. It's a bad development

“and it is a challenge to the sensible parties in Germany and elsewhere in Europe to push back,”

much as the people did in Hungary, much as we certainly hope the people in the United States

will do in 50 odd days in our own midterm elections. Of course, there's a lot going to happen between now and then, as Trump tries to lie, Trump tries to cheat, Trump tries to intimidate, Trump tries to do everything in his power to keep the Democrats from getting back into control and possibly revealing abuses by Trump and his administration, revealing their failings, holding them accountable, the things that he is most terrified by. Also, of course, the right

in Europe will not like it if the United States regains our senses. God knows we could certainly use a return to our senses. The past 10 years of Trump dominated politics in the United States have been 10 years too many. Anyway, this week we've got our usual bunch of podcasts and bunch of subjects on AI and on politics and on national security policy and on all sorts of things

“we're going to do our live podcast on Fridays. Who's going to be our guest in our live podcast?”

None other than Lima Gowan will be our guest this week. Lima Gowan, do you know Lima Gowan, folks? Lima Gowan is politics girl. Lima Gowan is an author, Lima Gowan, your office, CNC and then Lima Gowan is great. She's a friend. She's part of this network of progressive influencers, podcasters, podcasters, streamers, contact creators that we're trying to help nudge along here in our own small way at the DSR network. So, please

join us. What time will that be, Rally? I'm going to be a bit later than usual at 2 p.m. this week. 2 p.m. So join us there for live and join in as questions. Be part of that and as we get into the fall and more and more exciting things are happening in and around and you want more access to experts, more and more of our podcasts will be done as sub-stack lives. So you can post questions being involved yet the live feel that makes them special in my view anyway. So we look forward to seeing

you for all those podcasts this week here at the DSR network for now. Thank you, Rally. Thank you, Mena. Thanks everybody. Bye-bye.