I think we should have sympathy for Canada: the USA could have voted in a worthless lefty too. It was a close call.
I agree with you sentimental likeness towards Canada. Trudeau has for his part made a big mess for Canada with regards to the NAFTA negotiations, however. He needs to slowly wean both the US and Canada away from agricultural subsidies and save his auto industry IMHO.
As a canadian with 90% of my holdings in U.S. stocks, and 95% in U.S. Dollars, i say bring on the pain baby, i hope Trudeau walks away from a trade deal with the U.S. lets see how the USD/CAD does Trudeau has been a goldmine for Canadian traders who trade the U.S. markets, the rest of Canada, not so much.
And the MAGA Continues!! Manufacturing growing at fastest pace in 14 years.. THANKS OBAMA! LOL.... https://www.marketwatch.com/story/a...fastest-pace-in-14-years-ism-finds-2018-09-04
Some perspective: Like coal, no one really cares. So it's, OMG manufacturing it up but, no one really works there. For those following the auto thing with the so called new NAFTA, wouldn't requiring more of the car to be made in NA increase the price of it? Who the heck in their right mind increases their costs? Perhaps it's someone who's providing some smokescreen for the next round of tax cuts for the rich this Fall?
The St. Louis Fed doesn't really agree with your assessment at all. In fact, in a March 2018 white paper the first sentence recites how important domestic manufacturing is to the US public. The Fed makes the case that US manufacturing is fundamentally strong. https://research.stlouisfed.org/pub...hy-u-s-manufacturing-is-fundamentally-strong/
And John Podesta's progressive Center for American Progress seems to think that American manufacturing is very important: https://www.americanprogress.org/is...rtance-and-promise-of-american-manufacturing/ "First, jobs in the manufacturing sector are good middle-class jobs for millions of Americans. Those jobs serve an important role, offering economic opportunity to hard-working, middle-skill workers. This creates upward mobility and broadens and strengthens the middle class to the benefit of the entire economy. What’s more, U.S.-based manufacturing underpins a broad range of jobs that are quite different from the usual image of manufacturing. These are higher-skill service jobs that include the accountants, bankers, and lawyers that are associated with any industry, as well as a broad range of other jobs including basic research and technology development, product and process engineering and design, operations and maintenance, transportation, testing, and lab work. Many of these jobs are critical to American technology and innovation leadership. The problem today is this: Many multinational corporations may for a period keep these higher-skill jobs here at home while they move basic manufacturing elsewhere in response to other countries’ subsidies, the search for cheaper labor costs, and the desire for more direct access to overseas markets, but eventually many of these service jobs will follow. When the basic manufacturing leaves, the feedback loop from the manufacturing floor to the rest of a manufacturing operation—a critical element in the innovative process—is eventually broken. To maintain that feedback loop, companies need to move higher-skill jobs to where they do their manufacturing. And with those jobs goes American leadership in technology and innovation. This is why having a critical mass of both manufacturing and associated service jobs in the United States matters. The “industrial commons” that comes from the crossfertilization and engagement of a community of experts in industry, academia, and government is vital to our nation’s economic competitiveness. Manufacturing also is important for the nation’s economic stability. The experience of the Great Recession exemplifies this point. Although manufacturing plunged in 2008 and early 2009 along with the rest of the economy, it is on the rebound today while other key economic sectors, such as construction, still languish. Diversity in the economy is important—and manufacturing is a particularly important part of the mix. Although manufacturing is certainly affected by broader economic events, the sector’s internal diversity—supplying consumer goods as well as industrial goods, serving both domestic and external markets— gives it great potential resiliency. Finally, supplying our own needs through a strong domestic manufacturing sector protects us from international economic and political disruptions. This is most obviously important in the realm of national security, even narrowly defined as matters related to military strength, where the risk of a weak manufacturing capability is obvious. But overreliance on imports and substantial manufacturing trade deficits weaken us in many ways, making us vulnerable to everything from exchange rate fluctuations to trade embargoes to natural disasters. None of this matters, of course, if American manufacturing is too far gone to save. But American manufacturing is, in fact, a success story and it is not a story approaching its end. Notwithstanding employment losses and the relative rise of manufacturing in other countries, the United States led the world in manufacturing value added in 2008. Moreover, the United States ranked third in manufacturing exports in 2008, behind only China and Germany and ahead of Japan and France."