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Why People Hate Politicians

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Why People Hate Politicians

Author: Greg Valliere

December 2, 2024

POLITICIANS, AT LEAST HALF OF THEM, will look you in the eye and lie to you. It happens all the time and it contributes to the high level cynicism most voters have.

THE LATEST EXAMPLE comes from Joe Biden, who solemnly, absolutely, pledged for the past year that he would not pardon his son Hunter Biden, who got a “full and unconditional” pardon yesterday.

MOST DEMOCRATS (in private), and many (in public) expressed dismay yesterday over a pardon so sweeping and all-encompassing that it must have been in the works for weeks and weeks.

BIDEN SWORE that he would never get involved in Justice Department cases and maybe he thought that releasing this news at the end of a long Thanksgiving weekend would obscure the event.

INSTEAD, DEMOCRATS reacted angrily, charging that Biden lied to them. And they are still upset at him dragging his feet, not resigning quickly when it became clear in the spring that he had cognitive issues.

STILL ANOTHER CYNICAL DEVELOPMENT came this weekend when Canadian Prime Minister Justin Trudeau, a Trump critic, raced to Mar-a-Lago to cozy up with the former president once tariffs were threatened.

TRUMP AND TRUDEAU TALKED FOR THREE HOURS at a dinner (meatloaf was the entree). Trudeau promised to speed up negotiations on a new trade treaty, while cracking down drug dealers and illegal immigrants.

WHAT A LIFE SAVER this could be for Trudeau. His hasty trip to Florida may jump-start his uphill effort to win re-election next fall (or sooner). Trudeau’s sudden warmth toward Trump surely will be an issue, as will his ties to Mexican Prime Minister Claudia Scheinbaum.

TRUMP APPARENTLY FOUND TIME to grant his own blockbuster, nominating businessman Charles Kushner, the father of Trump’s son-in-law, as ambassador to France. The elder Kushner has served jail time for financial crimes; Trump issued a pardon.

SO WE HAVE PART OF THE ANSWER ABOUT WHY politicians are so untrustworthy. Some lie (Biden), some quickly change their positions (Trudeau), and some cut deals to trade ambassadorships to their cronies. Is there any wonder why election turnouts are often very light?


The views expressed in this blog are those of the author and do not necessarily represent the opinions of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies.

The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.

AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFI is registered as a portfolio manager across Canadian securities commissions. AGFUS is a registered investment advisor with the U.S. Securities Exchange Commission. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

For further information, please visit AGF.com.

©2026 AGF Management Limited. All rights reserved.

Written by

Greg Valliere

Greg Valliere

Chief U.S. Policy Strategist

AGF Investments

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