It looks like U.S. President Donald Tump will impose tariffs on Canada on Saturday — driving many into unemployment and bankruptcy. We all know Trump plays hardball — we had time to plan and react.Federal Liberals and NDP have a solution — and it's not surprising. Print vast sums of money to bail out citizens and businesses — many of whom are already on the edge of insolvency due to high taxes and the cost of living.The federal government, which no longer has a mandate from taxpayers, wants to introduce pandemic-level stimulus to bail out Canadians. The program, if implemented, will further devastate the economy. Printing money to solve problems is an experiment that has failed throughout economic history — but Canadians have a short memory.The exact amount spent by Ottawa on stimulus and bailouts during the COVID-19 pandemic ranges from $240 billion to $700 billion depending on the source and timeline — the spending created inflation. This can't happen again. Canada is financially and socially weak. Flooding the economy with billions of dollars pulled from thin air will created even more hardship — and necessitate the expansion of socialism.A downward spiral could occur where the economy becomes so weak that additional money printing is required. Hyperinflation could set in — and that's tough to fix.The election of Trump is a mirror for Canadians — revealing critical flaws in our national complexion. We are covered in blemishes — the national debt is $1.5 trillion. Interest payments are $46.5 billion. The deficit is $61.9 billion. Our GDP is on par with the poorest U.S. states.Ottawa flooded the country with unvetted migrants, burying healthcare and social services. Crime is rampant in a revolving door justice system. Borders are not secure.Trudeau and Guilbeault's obsession with carbon taxation has exacerbated the cost of living crisis and created myriad economic problems. Economic problems become social problems. If Trump follows through on a 25% tariff against Canadian goods, we are in big trouble. If the NDP-Liberal alliance follows through on pandemic-level financial stimulus, the trouble could escalate into a full-blown economic catastrophe.
