Quotulatiousness

February 8, 2017

Seeing the elephant (economic edition)

Filed under: Cancon, Economics, Politics, USA — Tags: , , , , — Nicholas @ 04:00

Stephen Gordon says it’s a dangerous fantasy to think that the Canadian economy could cope with a Prime Minister who tries to “get tough” over Il Donalduce‘s trade concerns:

Pierre Trudeau once described the Canadian relationship with the United States as “like sleeping with an elephant. No matter how friendly and even-tempered the beast … one is affected by every twitch and grunt.” It is now Prime Minister Justin Trudeau’s bad luck – and ours – to be bunking down with a surly and irascible elephant.

It’s worth dwelling on just how asymmetric the economic relationship is between Canada and the United States. It’s sometimes pointed out that Canada is the largest market for U.S. exports, and that’s true as far as it goes. But U.S. dependence on the Canadian export market is an order of magnitude smaller than Canadian dependence on exports to the U.S. Exports of goods and services to the U.S. accounted for 22.8 per cent of Canadian GDP in 2015; U.S. exports to Canada were only 1.9 per cent of U.S. GDP.

There’s not much that could or should have been done to reduce this dependence on the U.S. market. All the factors that determine the volume of trade flows — physical proximity, market size, linguistic and cultural ties, similar legal systems and so forth — all point to the U.S. It’s always been a good idea to promote trade links with other countries, but the U.S. would still be our dominant export market even in a world in which the Comprehensive Economic and Trade Agreement and the Trans-Pacific Partnership were already in place.

So it really doesn’t make sense to think that a Canadian Prime Minister can “stand up” and “fight back” against U.S. sanctions, or that Canada’s bargaining position would be somehow strengthened if another person were running the government. The trade numbers would still be the same.

Australia’s PM facing blowback from “secret” refugee deal

Filed under: Australia, Media, Politics, USA — Tags: , — Nicholas @ 03:00

Other than seeing headlines in the US and Canadian media about Il Donalduce being mean to poor Prime Minister “Trumble”, I hadn’t followed this story. John Ringo linked to this rather interesting explanation:

What “it” and “this” are no one needed to tell me. But truly how stupid do you have to be to have made an arrangement with Obama after the election to send boat people from Nauru and Manus to the US? If Malcolm believed he was going to get points for having stood up to the US against Trump, as clueless as I have always thought him, he has plumbed levels of stupidity and political incompetence until now unimaginable. From The Australian:

    Australia’s alliance with the US has hit its lowest point in decades, in a clash over a divisive refugee deal that led Donald Trump to ­berate Malcolm Turnbull in priv­ate before staging a public retreat from the agreement.

    This morning the President has said he loves Australia and will “respect” the deal, but that nations are taking advantage of the US. White House spokesman Sean Spicer said his boss was “unbelievably disappointed” about the “horrible deal” and that refugees will only be allowed in the US if they pass extreme vetting. But Mr Trump’s top officials have tried to smooth over the rift, holding a meeting with ambassador Joe Hockey.

For Malcolm apparently to have tried to push Trump, by telling him that as a fellow businessman that a deal is a deal, must rank as politically incompetent as anything I have ever seen. That Trump now thinks of Malcolm as a flea-weight no-account fool only means he has the same assessment of the PM as the rest of us.

UPDATE WITH COMMENTS ON THE ARTICLE FROM THE OZ: There are now 830 comments on the linked article, and these are the top 22 in order from the list ordered according to “Top Comments” and there was no need to have stopped there.

1) Chronology is important here.

1. 10 months out from US presidential election, Turnbull visits US. He meets Hillary and snubs Trump.
2. In the weeks leading up to US presidential election, Turnbull does a deal with a dead duck President.
3. Turnbull and Obama agree to not announce it (hide the deal) until the US presedential election is over. They both want Hillary to get up, and the deal would be excellent ammunition for Trump in a campaign dominated by illegal immigration.
4. Trump wins. Turnbull panics.
5. Turnbull has to call Greg Norman to find out how to get in touch with Trump.
6. Turnbull announces deal publicly 5 days later, and before he has spoken to Trump about it.
7. Trump understandably gives him a smack down on the phone.
8. Turnbull spins the phone call, and in desperation to announce something good in his otherwise failing Prime Ministership, announces the deal as done.
9. Trump is annoyed that Turnbull couldn’t keep quiet. Trump has been placed in a contradictory position that could damage him politically.
10. Trump gives Turnbull a smack down on Twitter, and leaks the phone call to return the favour.

The problem exists because of Turnbull, and Turnbull alone.
– At no point has Turnbull invested in a personal relationship with Trump. Mostly because he exists in the same elitist bubble as people who predicted a thumping Hillary win.
– He did a sneaky deal with left wingers and helped hide it from voters in the US.
– He then tried to pump his own political fortunes up and didn’t care about the damage it might do to Trump.

Turnbull has to go. He is damaging the Liberal party and the nation.

2) I feel sympathy for Trump. Why should he in the American interest accept these illegal boat people who came to this country largely for economic opportunism, they have rampaged, trashed Manus island, we won’t take them, so why should Trump call on the American taxpayer to live in America?

3) Greg Sheridan in his column today notes, Trump’s reluctance to commit to actual numbers to be resettled in the US from Manus Island or Nauru is no different from Obama’s. The Obama administration gave Turnbull an “announceable”, a media event, a virtual solution to the resettlement issue which itself did not guarantee that the US would take a single person unless it was satisfied through its own vetting procedures.

Trump is right to ask “why”? What’s in it for America? He should take all the time he needs to scrutinise this “virtual solution”.

British History’s Biggest Fibs with Lucy Worsley Episode 1 War of the Roses [HD]

Filed under: Britain, History — Tags: , , , , , — Nicholas @ 02:00

Published on 27 Jan 2017

Lucy debunks the foundation myth of one of our favourite royal dynasties, the Tudors. According to the history books, after 30 years of bloody battles between the white-rosed Yorkists and the red-rosed Lancastrians, Henry Tudor rid us of civil war and the evil king Richard III. But Lucy reveals how the Tudors invented the story of the ‘Wars of the Roses’ after they came to power to justify their rule. She shows how Henry and his historians fabricated the scale of the conflict, forged Richard’s monstrous persona and even conjured up the image of competing roses. When our greatest storyteller William Shakespeare got in on the act and added his own spin, Tudor fiction was cemented as historical fact. Taking the story right up to date, with the discovery of Richard III’s bones in a Leicester car park, Lucy discovers how 15th-century fibs remain as compelling as they were over 500 years ago. As one colleague tells Lucy: ‘Never believe an historian!

QotD: Camille Paglia on who should have run for president

Filed under: Politics, Quotations, USA — Tags: , , , , — Nicholas @ 01:00

reason: So what is it about Hillary that bothers you?

Paglia: She’s a fraud!

reason: Explain how.

Paglia: She can’t have an opinion without poll-testing it. She’s a liar. This is not a strong candidate for our first woman president. To me, Dianne Feinstein should have presented herself.

reason: Ah! Are you kidding?

Paglia: No. I don’t care what her views are. What I’m saying is, for the post of president — that’s commander in chief of the military. It’s got to be a woman with a familiarity with military matters and [who] also has gravitas. And Dianne Feinstein, I first became aware of her after those murders [of San Francisco Mayor George Moscone and Supervisor Harvey Milk] that occurred in City Hall…

reason: She certainly never lets you forget that she was there.

Paglia: No. But I have never forgotten because it was one of the great moments where a woman took charge in absolute chaos after a barbarous murder. The whole government was falling apart, and she came to the media and gave the news and was steady. And I said, “That’s it. That’s the formula for the first woman president.”

So what I’m interested in is what is very important in this modern era: How do you use the media to communicate? If you’re going to be a woman president, she must communicate strength, reserve, and yet compassion. That formula — I’ve been waiting, and waiting, and waiting for it. The only person in America who’s had it as far as I’m concerned was Dianne Feinstein, and she didn’t put herself forward for whatever reason as president.

But Hillary does not have it. Hillary is a mess. And we’re going to award the presidency to a woman who’s enabled the depredations and exploitation of women by that cornpone husband of hers? The way feminists have spoken makes us blind to Hillary’s record of trashing [women]. They were going to try to destroy Monica Lewinsky. It’s a scandal! Anyone who believes in sexual harassment guidelines should have seen that the disparity of power between [Bill] Clinton and Monica Lewinsky was one of the most grotesque ever in the history of sex crime. He’s a sex criminal! We’re going to put that guy back in the White House? Hillary’s ridden on his coattails. This is not a woman who has made her own career. The woman failed the bar exam in Washington! The only reason she went to Arkansas and got a job in the Rose Law Firm was because her husband was a politician.

Camille Paglia, “Everything’s Awesome and Camille Paglia Is Unhappy!”, Reason, 2015-05-30.

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