If I were an American, I would NOT vote for Donald Trump.
I find him personally quite despicable … as not only the President of the United States … but also as a human being.
He’s a lying hypocrite who disgraces democracy, integrity, ethics and the dignity of his office … daily!
Trump has made the US a more dangerous, violent place to live and visit; he has aided and abetted the abuse of the US Constitution; he has helped pollute America’s waters, air and land; and, his delays/mishandling of the Covid pandemic contributed to the deaths of almost 200,000 Americans.
But I have to admit I do like his mid-East policies; I support his calling out of China on Covid-19 and unfair trade practices; and I am sympathetic to his calls for US allies to pay more of a fair share for their own defence.
Yet, I suspect most Canadians agree with my overall negative assessment … and hope to see Trump/Republicans lose the Presidency, the House and the Senate Nov. 3.
However, that might not be best for Canada!
WE are not Americans: WE are Canadians, and should care more … much more … about what happens in and to our country than the United States.
And when it comes to protecting, preserving and advancing Canada’s economy, the Republicans are easier and better for Canada to deal with …. even under Trump … than the Democrats would be under Joe Biden.
History has shown the Democrats have been much more protectionist than the Republicans.
NAFTA, which substantially increased Canadian export access to the US market, was initiated and substantially negotiated under Republican President George H.W. Bush, although officially signed by Democrat Bill Clinton.
Trump huffed and puffed ands hurled insults as NAFTA Two (the US/Mexico/Canada Agreement) was negotiated … but Canada still came out of it all fairly well.
The American CATO Institute, in evaluating the pact, noted: “The economic impact assessment released by Global Affairs Canada (GAC) estimates that implementing USMCA “would secure GDP gains of $6.8 billion (US$5.1 billion), or 0.249%” over a 5 year period. However, the report also notes that motor vehicle exports to the United States would decline by US$1.5 billion relative to the existing NAFTA.
” The U.S. International Trade Commission’s (USITC) report, which estimated gains for the U.S. economy at $68.2 billion, or a 0.35% increase in real GDP, over six years.”
But look at the bottom line: 76.7% of our exports still flow south; while 18% of US exports come to Canada. Not too shabby … despite all Trump’s Big Mouth bluster, threats and antics.
TWICE since USMCA was signed, Trump has imposed arbitrary tariffs on Canadian aluminum and steel and TWICE Trump has backed down … after Canada moved to impose dollar-for-dollar retaliatory tariffs.
We beat him! (Talk about the little mouse tweaking the nose of the elephant!)
Trump talks the talk to satisfy his base … but notably has largely kept America’s doors wide open to Canadian goods, services and businesses …. including, by the way, the Keystone pipeline, hugely important to Alberta.
The stock markets … American and Canadian … did very, very well under Trump and his administration’s policies … pre-Covid. And are already coming back, despite rising Covid numbers.
And the polls show Americans still score the Republican President higher than Biden when it comes to running the economy. And quite often, in elections, it’s the ECONOMY that trumps other concerns when people vote.
The reality is Republicans are much more motivated by economic rather than social concerns/policies: increasing corporate profits, lowering taxes and boosting stock market performance while Democrats push policies of higher wages, higher taxes on the wealthy, improving the environment … and protectionism.
I suspect most Canadians would support the policies of the Democrats … if WE were voting in the US. … but we are not.
And Biden’s proposed economic priorities should raise concerns north of the border.
This is from, Joe Biden’s Website: https://joebiden.com/made-in-america/
“BUY AMERICAN. Make “Buy American” Real and Make a $400 billion Procurement Investment that together with the Biden clean energy and infrastructure plan will power new demand for American products, materials, and services and ensure that they are shipped on U.S.-flagged cargo carriers.
“MAKE IT IN AMERICA. Retool and Revitalize American Manufacturers, with a particular focus on smaller manufacturers and those owned by women and people of color, through specific incentives, additional resources, and new financing tools, and,
STAND UP FOR AMERICA. Pursue a Pro-American Worker Tax and Trade Strategy to fix the harmful policies of the Trump Administration and give our manufacturers and workers the fair shot they need to compete for jobs and market share.”
Last week, the New York Times also reported Biden promised to hit companies that “move jobs” to foreign countries and then sell products back into the US.:
“Mr. Biden, who has already proposed raising the corporate tax rate to 28 percent from 21 percent, would create a tax penalty aimed at American companies that move jobs to other countries, known as offshoring. The penalty would apply to “profits of any production by a United States company overseas for sales back to the United States,” bumping up the tax rate to nearly 31 percent on those profits.
“That penalty would effectively serve as a new tax on American companies that make products abroad and sell them back to customers in the United States …”
Just think of the implications that could have for not just our US-owned suppliers and manufacturers but also Canada’s movie industry AND Canada’s high tech software/game developers … working directly for or employed by subsidiaries of American corporations that operate in Canada.
Canadians no doubt share many of the Democrats’ social values and environmental objectives … and, as I said earlier, I believe most would celebrate a Trump defeat.
But when it comes to the Canadian economy, jobs and exports … we should be careful what we wish for: because we just might get it!
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