Politics
A Trump Presidency Spells Disaster for Trudeau
On Wednesday, Prime Minister Justin Trudeau congratulated Donald Trump on his successful reconquest of the U.S. presidency.
“The partnership between the United States and Canada is the most successful in the world.” A shared history, common values, and steadfast ties between our peoples unite us as neighbors and companions. Trudeau also stated that our economies are profoundly interconnected and are each other’s largest trade partners.
“We look forward to working with President-elect Trump and his administration, including on issues such as trade, investment, and continental peace and security,” he said.
Trudeau later told reporters on Parliament Hill that Trump won a “decisive” victory in Tuesday’s presidential election. He emphasized that Canada’s responsibility is to establish common ground with the incoming president, as Trump does not support Trudeau’s climate or immigration policies.
Trudeau fears Trump
However, in January of the previous year, Trudeau stated that Canada would face significant challenges if Trump were to secure a second term. “It was challenging the first time, and it will be challenging again if there is a second time,” stated Trudeau.
Donald Trump’s victory gives him the authority to advance an agenda heavily reliant on protectionist policies. This could potentially significantly impact long-standing allies such as Canada.
Trump has pledged to impose tariffs on all imports, which experts say would result in a billion-dollar reduction in Canada’s GDP.
Trump has pledged to impose a minimum 10% tariff on all imports and an even higher rate of 60% on Chinese-made products, although he has not disclosed numerous specifics regarding this proposed regime.
He has stated that imposing a punitive tax on foreign goods will reduce the competitiveness of products abroad and encourage domestic manufacturing. Additionally, he has proposed using tariffs to extract trade and other concessions from countries he accuses of defrauding the United States.
High-profile tensions, particularly about ideological conflicts and trade disputes, were notably evident in Donald Trump’s relationship with Justin Trudeau during his former presidency.
During his flight to Singapore in 2018, Trump abruptly withdrew the United States from the G7’s joint communique and referred to Trudeau as “very dishonest and weak.”
In 2019, Trump and Trudeau were again at variance during a NATO Summit in London. Trudeau was captured on video appearing to discuss Trump’s unpredictable behavior with other world leaders.
Trump responded by labeling Trudeau “two-faced” and criticizing Canada for failing to meet NATO’s 2% defense expenditure objective. He characterized Trudeau as a “nice guy” but expressed dissatisfaction with Canada’s contributions.
Economic Disaster
Despite Trump’s absence from office, the disparities persisted. In a 2023 interview, Trudeau drew comparisons between the “Make America Great Again” movement of Trump and the Conservative leaders in Canada, implying that there is a possibility of a reduction in rights related to LGBTQ and abortion.
He expressed apprehensions regarding a populist surge, asserting that “The threat is real,” and cited Trump’s policies as examples of a “regression” in democratic values.
Trump, on the other hand, referred to Trudeau as a “far-left lunatic” and supported the freedom convoy that was protesting the Canadian government’s anti-vaccine mandate.
“The Freedom Convoy is peacefully protesting the harsh policies of far-left lunatic Justin Trudeau, who has destroyed Canada with insane Covid mandates,” stated Trump.
Trump’s victory adds to Trudeau’s woes when polls show he would likely lose to his Conservative opponent in an election that must be held within a year.
In diplomatic disputes with China and India that have impeded efforts to diversify trade, Canada’s declining economy and a rapid increase in the cost of living over the past few years are the primary campaign issues.
Analysts at Desjardins Economics anticipate that Donald Trump’s policies will lead to a 1.7% decline in the real Canadian gross domestic product by the end of 2028, compared with those of a Democratic president.
According to the Canadian Chamber of Commerce, President Trump’s proposed 10% tariff would result in a 0.9% annual decrease in Canada’s real income and a nearly 1% decrease in labor productivity.
The chamber stated that if other countries retaliated, real income would decrease by 1.5% annually, and labor productivity would decrease by nearly 1.6% annually, initiating a trade war.
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Politics
Trudeau GST Tax Holiday to Cost Taxpayers $6.3 Billion
Prime Minister Justin Trudeau announced a two-month GST break on some purchases and a one-time $250 rebate for all Canadians earning less than $150,000. The proposed GST break would last from December 14 to February 15.
The Liberals said it would cover various things, including children’s clothing and shoes, toys, diapers, restaurant meals, and beer and wine. It also refers to real and artificial Christmas trees, snack foods and beverages, and video game systems.
The move will cost taxpayers almost $4.7 billion, and the GST exemption will cost an additional $1.6 billion, totaling $6.3 Billion.
The federal government is now running a significant deficit. This raises the question of who will have to foot the $6.3 billion bill for today’s one-time payments. The government will have to borrow the money, and future taxpayers must either repay it or service the additional debt perpetually.
Critics argue that the GST credit is a collection of terrible ideas that will do little to lift Canada out of the long-term economic rut in which our economy is stuck.
Conservative Party Leader Pierre Poilievre responded Thursday to Prime Minister Justin Trudeau’s pledge of a “GST Holiday” for Canadians, calling it a “tax trick.”
Poilievre stated that the temporary exemption from the Goods and Services Tax on various ordinary commodities “would not make up for the permanent quadrupling carbon tax on heat, housing, food, and fuel.”
Bloc Québécois leader Yves-François Blanchet stated he is “against any idea of a prime minister who says, ‘I will give you money in order for you to consider voting for me.'”
According to the Canadian Federation of Independent Business, temporary sales tax holidays will only increase confusion and administrative burden for small business owners.
A temporary sales tax decrease would help boost demand in some industries, including restaurants, Canadians, and companies, which require sustainable tax relief during the slow post-holiday season.
The changes amid an inflation-driven affordability crisis have left many dissatisfied with the Trudeau government. A federal election is scheduled for before next October, although it might happen sooner if the minority government falls before then.
For months, the Conservatives have held a double-digit lead over the Liberals in public opinion polls, with Leader Pierre Poilievre promising to cut taxes and government spending to restore affordability.
High inflation has also pressured the Liberals to avoid proposing policies that would boost spending and raise fuel prices.
According to the Fraser Institute, The Trudeau government got one thing fundamentally right: Lowering the tax burden on Canadians has benefits. Unfortunately, the policy package it has proposed to deliver tax relief is completely wrong.
It lowers the incorrect taxes, moves taxes temporarily rather than lowering them, does little to improve economic incentives, and punishes future taxpayers. With the holiday season approaching, this attempt at a gift for Canadian taxpayers is the economic equivalent of a lump of coal in the stocking.
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Politics
Matt Gaetz Withdraws as Trump’s Pick for Attorney General
Congressman Matt Gaetz has withdrawn as President-elect Donald Trump’s candidate for Attorney General, citing concerns about a federal sex trafficking probe that cast doubt on his ability to be confirmed.
Gaetz resigned after failing to persuade the Senate to endorse his contentious candidacy. Shortly after Gaetz’s unexpected departure, the president-elect issued a statement applauding his former AG nominee’s choice to seek Senate confirmation.
“I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. He was doing very well but, at the same time, did not want to be a distraction for the Administration, for which he has much respect. Matt has a wonderful future, and I look forward to watching all the great things he will do!” the president-elect wrote on Truth Social.
Gaetz had earlier stated that he was retiring from his current seat in Congress and would not take the oath of office for the upcoming session, which begins in January. Now that he has withdrawn from consideration for AG, his future in Washington is uncertain.
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Politics
Eric Hovde Concedes The United States Senate Race To Tammy Baldwin.
(VOR News) – Eric Hovde, the Republican candidate for the United States Senate, has acknowledged that he was defeated by Tammy Baldwin, the Democratic candidate for the same seat on the ballot.
Baldwin acknowledged Hovde’s defeat and consented to it. Furthermore, he released a statement in which he contends that the election results are not only inaccurate, but also devoid of any factual foundation.
Eric Hovde experienced this two weeks after the election.
Baldwin emerged as the unofficial victor of the Senate campaign in Wisconsin, a race that was closely monitored by a significant number of individuals. Baldwin was awarded the title of victor on November 6th. Baldwin emerged victorious by a razor-thin margin.
According to the data provided by the Associated Press, Baldwin emerged victorious by a margin of 29,116 ballots, which is approximately equivalent to 0.9 percent of the total votes cast. Baldwin emerged victorious by a substantial margin, as indicated by the results.
Hovde issued his public apology subsequent to the conclusion of the canvassing of the results by the majority of county clerks throughout the state. This process will ultimately result in the results being recognized as official. Publication of Eric Hovde’s decision. Not only were the results announced at this time, but they were also proclaimed in an official capacity.
The exact phrase of the announcement, “Thank you for your support,” was included in a post by Eric Hovde on Monday and published on the social networking site X.
The public was notified of this announcement. The announcement was public on Monday. It has drawn a lot of attention. “It is time to begin moving on.”
In contrast, Eric Hovde’s film began with a somewhat less inclusive tone, which persisted throughout. He made this assumption without offering any evidence to back it up, and his claims that there were “many troubling issues” with absentee ballots tabulated late on election night were factually incorrect. His claims were not supported by empirical evidence.
His claims were unsupported by any proof. Not a single piece of evidence could possibly prove that his allegations were correct. He stated in the statement that “numerous supporters” had demanded that he challenge the election results. He acknowledged receiving the request.
Eric Hovde acknowledged receiving these demands.
In particular, Eric Hovde asserts, “However, a request for a recount would serve no purpose if it were not for a detailed review of all the ballots and their legitimacy, which will be difficult to obtain in the courts.”
Subsequently, you would recount the identical ballots, regardless of their authenticity. This is the reason, as elucidated in this article. This is the rationale for the current state of affairs.
Hovde and his campaign refrained from issuing any public statements subsequent to Baldwin’s disclosure that Eric Hovde had emerged victorious in the election, which transpired over a week after Baldwin’s initial announcement.
The previous week, he uploaded a video to social media platforms that expressed his “deeply concerned” sentiments regarding the election results in Milwaukee.
The election was conducted in Milwaukee. While the film was being screened, there was a discussion regarding the results of the election in Milwaukee. As the ballots were still being counted in the largest city in Wisconsin on the evening of the election, he expressed his “shock” at the sequence of events that had transpired.
Eric Hovde was emphasizing the occurrence of specific events.
In addition, he declared that ballots were still being tallied at the time of the election. Eric Hovde made this declaration during the voting period, while ballots were still being tabulated.
Baldwin’s team referenced her victory speech, which she delivered the week prior to the election, in response to a request for comment that was submitted on Monday.
In response to the campaign’s request, this action was implemented.
A representative of Baldwin’s team has verified that “Hovde has not called,” which is consistent with the information that was disclosed on Monday morning. The representative who provided these details has worked in a variety of capacities throughout their career.
SOURCE: WPR
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