WASHINGTON — President Donald Trump leaned hard on the strong U.S. economy as he made the case for his reelection in the State of the Union address — and he threw in a few theatrical flourishes.
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Trump has often seemed to conduct his presidency as the ultimate reality TV show. He understands drama and suspense. He plays to emotions. He never seems to tire of the camera and attention.
But even for him, the production of this State of the Union speech, just as he begins to aggressively campaign for a second term, was taken to a level beyond any predecessor.
He told a young girl she would get a scholarship to attend a better school. He announced that a soldier had returned home to surprise his wife and children in the balcony reserved for the president’s special guests. And he dramatically asked his wife, Melania, to drape the Medal of Freedom around the neck of conservative radio stalwart Rush Limbaugh.
The speech was hardly memorable. The stagecraft won’t soon be forgotten.
IT’S STILL THE ECONOMY, STUPID
Trump delivered his speech of nearly 80 minutes without specifically mentioning the reality of one of the most consequential events of his presidency: his impeachment trial in the Senate, where he is expected to be acquitted Wednesday.
Trump made clear he is staking his re-election on the state of the economy. Deploying his penchant for superlatives, Trump said the American economy had never been stronger. The subtext was clear: He was asking voters who might not like him personally to judge him on whether they believed their own financial fortunes had improved with him as president.
His message drew from Ronald Reagan’s question to the country when he ran for re-election in 1984: Are you better off than you were four years ago?
A president who often talks about issues in terms of profit and loss also extolled the rise in the stock market and the increase in incomes of those in lower earning brackets.
“This is a blue-collar boom,” he said.
Yet Trump’s chest-thumping included some misleading stats, especially as he tried to paint the state of the U.S. economy before he took office in dismal terms. He failed to acknowledge that manufacturing has slumped in the past year, after having advanced in the prior two years. The president’s tariffs regime and slower growth worldwide hurt the sector in ways that suggest Trump’s policies robbed it of some of its previous strength.
NOT EVEN A CLAPBACK
There were no niceties. No efforts to hide the tension.
House Speaker Nancy Pelosi extended a handshake to the president.
He turned away.
She gave a look.
He started into his speech.
Pelosi, wearing the white suit of the suffragettes that has become a lasting fashion statement of the House Democratic women, who swept to power in the 2018 election, stopped there with the niceties.
She delivered just a curt introduction to the president of the United States and then busied herself with paperwork. He talked.
She raised an eyebrow here, smirked some there, as Trump told the chamber, and the American people, of his accomplishments.
The speaker, whose House impeached Trump on charges of abuse of power and obstruction of Congress, didn’t need to say much more.
The House has spoken. The Senate, though, is set to acquit Trump of the two charges Wednesday.
As she presided over the chamber, Pelosi wore a gold pin shaped as the speaker’s mace, which she often puts on for times like these.
When Trump finished, Pelosi dramatically ripped a copy of the speech in half.
LIONIZING RUSH LIMBAUGH, PLAYING TO BASE
It was the kind of high drama moment that animates Trump. In a gesture that left nearly everyone — including its recipient —- looking dumbfounded, Trump announced he was giving Limbaugh the nation’s highest civilian honour.
Limbaugh, who announced this week that he had advanced lung cancer, appeared stunned, his jaw visibly dropping as Trump made the announcement. Others sat in silence as first lady Melania Trump draped the medal around his neck on the spot.
“Thank you for your decades of tireless devotion to our country,” Trump told Limbaugh, commending “all that you have done for our Nation, the millions of people a day that you speak to and that you inspire.”
Honouring Limbaugh was one of the clearest examples of Trump making yet another play to his political base. But he reminded them of many others, including his appointment of conservative judges, fervent support for gun rights, opposition to abortion and what he called defence of “religious liberty.”
“In America, we do not punish prayer. We don’t tear down crosses. We don’t ban symbols of faith,” he said. “In America, we celebrate faith.”
COUNTERPROGRAMMING
The president always commands the stage at the State of the Union, but Democrats hit the president on the issue that most voters in their party say is their top priority: health care.
And with good reason. Trump tried to label Democrats’ health care plans as “socialism” that would deprive millions of Americans of their private health insurance, a reprise of his attack on the health care plan offered by Sen. Bernie Sanders.
Democrats were prepared. They pre-emptively decried the administration’s support for a federal lawsuit that would gut President Barack Obama’s health care law. “We all want to tell the president, ‘Drop the lawsuit, drop the lawsuit, drop the lawsuit,'” Pelosi, Senate Minority Leader Chuck Schumer and other Democratic lawmakers said in unison.
Trump also said he would always protect “pre-existing conditions” even though gutting Obamacare would do that.
A “PRESIDENT” IN WAITING
Foreign policy was a small portion of Trump’s speech. Among the surprise guests invited by the White House was Venezuelan opposition leader Juan Guaidó, who has been seeking international help in his bid to oust Venezuelan President Nicolas Maduro from office.
“Maduro is an illegitimate ruler, a tyrant who brutalizes his people. But Maduro’s grip of tyranny will be smashed and broken,” Trump said, praising Guaidó as the “true and legitimate President of Venezuela” and a “man who carries with him the hopes, dreams, and aspirations of all Venezuelans.”
In addition to offering a major public boost to Guaidó, the move also helped Trump bolster a message he has used to hit the Democratic candidates: that socialist policies are dangerous.
“Socialism destroys nations.” he said. “But always remember, freedom unifies the soul. “
The Trump administration was among the first governments to throw its weight behind Guaidó. Yet Maduro remains in power nonetheless.
OBAMA LIVES RENT-FREE IN TRUMP’S HEAD
Trump started with an upbeat address, but could not resist criticism of his predecessor, even when the context is unclear. “If we hadn’t reversed the failed economic policies of the previous administration,” Trump said, “the world would not now be witnessing this great economic success.”
The economic recovery from the Great Recession that started in 2008 began under President Barack Obama, whose own record for job creation matched Trump’s.
OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.
The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.
The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.
The personal and household goods subsector fell 2.5 per cent to $12.1 billion.
In volume terms, overall wholesale sales rose 0.5 per cent in July.
Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.
This report by The Canadian Press was first published Sept. 13, 2024.
VICTORIA – British Columbia is forecasting a record budget deficit and a rising debt of almost $129 billion less than two weeks before the start of a provincial election campaign where economic stability and future progress are expected to be major issues.
Finance Minister Katrine Conroy, who has announced her retirement and will not seek re-election in the Oct. 19 vote, said Tuesday her final budget update as minister predicts a deficit of $8.9 billion, up $1.1 billion from a forecast she made earlier this year.
Conroy said she acknowledges “challenges” facing B.C., including three consecutive deficit budgets, but expected improved economic growth where the province will start to “turn a corner.”
The $8.9 billion deficit forecast for 2024-2025 is followed by annual deficit projections of $6.7 billion and $6.1 billion in 2026-2027, Conroy said at a news conference outlining the government’s first quarterly financial update.
Conroy said lower corporate income tax and natural resource revenues and the increased cost of fighting wildfires have had some of the largest impacts on the budget.
“I want to acknowledge the economic uncertainties,” she said. “While global inflation is showing signs of easing and we’ve seen cuts to the Bank of Canada interest rates, we know that the challenges are not over.”
Conroy said wildfire response costs are expected to total $886 million this year, more than $650 million higher than originally forecast.
Corporate income tax revenue is forecast to be $638 million lower as a result of federal government updates and natural resource revenues are down $299 million due to lower prices for natural gas, lumber and electricity, she said.
Debt-servicing costs are also forecast to be $344 million higher due to the larger debt balance, the current interest rate and accelerated borrowing to ensure services and capital projects are maintained through the province’s election period, said Conroy.
B.C.’s economic growth is expected to strengthen over the next three years, but the timing of a return to a balanced budget will fall to another minister, said Conroy, who was addressing what likely would be her last news conference as Minister of Finance.
The election is expected to be called on Sept. 21, with the vote set for Oct. 19.
“While we are a strong province, people are facing challenges,” she said. “We have never shied away from taking those challenges head on, because we want to keep British Columbians secure and help them build good lives now and for the long term. With the investments we’re making and the actions we’re taking to support people and build a stronger economy, we’ve started to turn a corner.”
Premier David Eby said before the fiscal forecast was released Tuesday that the New Democrat government remains committed to providing services and supports for people in British Columbia and cuts are not on his agenda.
Eby said people have been hurt by high interest costs and the province is facing budget pressures connected to low resource prices, high wildfire costs and struggling global economies.
The premier said that now is not the time to reduce supports and services for people.
Last month’s year-end report for the 2023-2024 budget saw the province post a budget deficit of $5.035 billion, down from the previous forecast of $5.9 billion.
Eby said he expects government financial priorities to become a major issue during the upcoming election, with the NDP pledging to continue to fund services and the B.C. Conservatives looking to make cuts.
This report by The Canadian Press was first published Sept. 10, 2024.
Note to readers: This is a corrected story. A previous version said the debt would be going up to more than $129 billion. In fact, it will be almost $129 billion.
NANAIMO, B.C. – Former Bank of Canada governor Mark Carney says he’ll be advising the Liberal party to flip some the challenges posed by an increasingly divided and dangerous world into an economic opportunity for Canada.
But he won’t say what his specific advice will be on economic issues that are politically divisive in Canada, like the carbon tax.
He presented his vision for the Liberals’ economic policy at the party’s caucus retreat in Nanaimo, B.C. today, after he agreed to help the party prepare for the next election as chair of a Liberal task force on economic growth.
Carney has been touted as a possible leadership contender to replace Justin Trudeau, who has said he has tried to coax Carney into politics for years.
Carney says if the prime minister asks him to do something he will do it to the best of his ability, but won’t elaborate on whether the new adviser role could lead to him adding his name to a ballot in the next election.
Finance Minister Chrystia Freeland says she has been taking advice from Carney for years, and that his new position won’t infringe on her role.
This report by The Canadian Press was first published Sept. 10, 2024.
