Showing posts with label Mark Carney. Show all posts
Showing posts with label Mark Carney. Show all posts

Sunday, April 13, 2025

The Trump Referendum


Gordon L. Weil

Voters unhappy with the performance of President Trump are looking for opportunities to express their discontent at the ballot box.  House elections to fill vacancies offer them little comfort thus far, because the seats have been solidly Republican.  The only cheer for them may be that the new members of Congress did not do as well as Trump did in last year’s election.

But major vote looms, and it is really all about Trump.  It’s when Canadians elect a new parliament. The vote takes place on April 28. That’s somewhat earlier than required by law, but political circumstances dictated the earlier date.

Prime Minister Justin Trudeau, the Liberal Party leader, had grown unpopular. Many Canadians believed that he had not produced an economy they could live with.  Facing the inevitability of a loss, he tried to sweeten the pot by ill-advised breaks for average people. But that would disrupt his budget commitments, and his finance minister, who would have kept them, quit.

His voting deal with other parties then collapsed, making early elections inevitable.  Trudeau resigned as head of his party, which would then select a new leader, who would become prime minister until the elections. It looked like the Conservatives, under Paul Poilievre, would sweep into power.

Poilievre, from the province of Alberta which is the rough equivalent of Texas, is a professional politician who had cast himself in the model of Trump.  Just as several European countries had voted themselves to the right, he hoped to do the same in Canada.  As in the U.S., many people seemed to want a change from Liberal policies that had not produced promised results.

Into this mix of events came Donald Trump.  He moved to raise tariffs in violation of the USMCA trade agreement that he had pushed in his first term.  The relief for tariffs that he clearly believed would cripple Canada was his plan to force the northern neighbor to give up its nationhood and become the 51st American state.

His push for Canadian statehood had the same kind of effect there as Pearl Harbor had brought about in the U.S.  If there wasn’t instant unity, it came reasonably close.   Ideological sympathies and the export of its oil to the U.S. showed Alberta to be somewhat less enthusiastic about the response to the U.S. than the other nine provinces.

Poilievre was caught flat-footed.  His natural ally had become the great nemesis.  He saw his 25 percent lead melt to the point that he trailed the new Liberal prime minister.

The new Liberal leader was quite different from his predecessor, who had tried to placate Trump despite being called “Governor” Trudeau by his fellow government chief. The Liberals overwhelmingly selected Mark Carney, formerly governor of the Bank of Canada and the Bank of England plus having served as chair of the international Financial Stability Board.

In short, he knows his stuff and won’t agree with Trump’s version of the role of tariffs. He also comes to the job with excellent credentials and standing and, as a former hockey player, has made it clear he won’t deal with Trump unless he and Canada are treated with respect. 

Many Canadians seem inclined to support him, because he will defend the country against any Trump moves.  He recognizes the need for a long-term relationship with the U.S., but he says the old days are “over.”

There is a third party in Canadian politics, the New Democrats. They are similar to the Bernie Sanders wing of the Democratic Party.  It appears that they will lose strength, as Canadian voters want to make a clear choice between Carney and Poilievre.  The Quebec Party wins seats but cannot produce a government. That contest makes the election a clear referendum on Trump.

While Poilievre has been forced to open some distance from Trump, he remains the representative of a party that would move Canada in the same direction as the GOP.  Will voters conclude that he will be better able to work with his political soulmate than the technically competent Liberal leader?

Feeling runs high in Canada against the wild idea, presented as if it could happen, of their country as an American state.  Obviously, Carney is in a better position than the Conservative and looks stronger and more experienced that Trudeau (or, for that matter, Trump). 

If Carney wins at all and especially if he wins big, it will serve as a rebuke to Trump and his a la carte foreign and economic policy.  Not only will it say that Canada will not succumb to Trump, but that the Great White North will stand on its own as never before.  That could send the puck back to the Americans.