00:04:24.300But here's the part I find unique about this story.
00:04:27.120Global News had its own version of it.
00:04:29.080Everyone's leaking all over the place here.
00:04:30.780And in that story, they say, a source says,
00:04:35.200he was not very keen on a huge deficit.
00:04:38.440That's not what he wanted as his legacy, unquote.
00:04:42.300So Bill Morneau, after five years of continuously running up deficits and more deficits and more deficits,
00:04:49.160has decided, you know, I don't think the deficit spending thing was exactly what we wanted.
00:04:54.420Whereas I'm like, what on earth did you think your legacy was going to be at this point?
00:04:59.560So I get the deficits may have been Justin Trudeau's bag, and that's what he wanted.
00:05:03.880But I don't have a lot of sympathy for Morneau after five years of running up deficits saying,
00:05:10.900well, okay, you know, I kind of would have wanted to balance at least one budget while I was here.
00:05:15.860No, because none of the financial or fiscal decisions taken by the government under Morneau as finance minister
00:05:22.580have been leading towards anything but deficits.
00:05:26.000So again, we're talking about anonymous sources here.
00:05:28.920You have to take things with a grain of salt.
00:05:31.120But the fact that there's such a high volume of leaks in numerous media outlets from CBC to Global to Bloomberg,
00:05:38.400all really saying the same thing about the so-called rift and about Morneau really cooling on the liberal government's financial track record.
00:05:49.640All of this suggests that there is, in fact, fire here because we're certainly seeing the smoke.
00:05:54.940So I don't have a lot of sympathy for Morneau, even though I think he is, on the surface, a capable and competent person.
00:06:02.520Because of how he has done so far, you have to question, okay, why now?
00:06:08.940I mean, the only thing I could think of, and this is, I admit, completely speculative,
00:06:13.460is that he sees the ship as being one that is sinking now and realizes, okay, I've got to save myself.
00:06:19.280So he's trying to clamber around for the life raft, and it doesn't matter if the ship is going down.