00:00:00.000The Canadian taxpayer watchdog is dismissing the Kearney government's sovereign wealth fund as a giant ATM machine for liberal-friendly pet projects.
00:00:14.820Prime Minister Kearney announced the $25 billion fund at a news conference today.
00:00:19.880We're proud to announce a new pillar of our plan, the Canada Strong Fund, Canada's first national sovereign wealth fund.
00:00:30.000This will be a Government of Canada fund, but more importantly, this will be a people's fund.
00:07:53.320This is not what anyone in a civilized society does.
00:07:55.640When they're dissatisfied with their leadership, they vote them out.
00:07:59.020If they're dissatisfied with their leadership, they vote against them in the midterms and make it harder for them to govern the way they want to.
00:08:08.020We may not like the outcomes of the elections, but we live with it because it's not forever.
00:08:12.380um it is a very this is a very dangerous game that these media people and their masters in
00:08:19.180the political world are playing it's dangerous and and in the end i have to be very honest with
00:08:25.060you and i don't i don't know if this is awful to me for me to say but i wouldn't cry a big fat tear
00:08:30.600if it bit them in the rear end in the end if they one day had to turn around and say oh my god
00:08:35.320look what we've done because it's happened to us now yeah there's a duplicitous aspect to what
00:08:41.920they're doing too on one hand kind of cheering it on on the other hand saying but we're doing this
00:08:49.080under the guise of journalistic integrity you know we're we're journalists here we're just
00:08:54.000reporting the story you know yeah between you know being reputable and respected journalists
00:09:00.080which of course we all are versus yeah go for it you know and there's anybody else who wants to
00:09:06.340take a pot shot at trump go for it we'll put you on the you know your views at least we'll read
00:09:11.800your manifesto on the air to me it's a not so subtle way of encouraging it and of course we
00:09:17.240have jimmy kimmel with this quote now this happened thursday so this was beforehand but
00:09:21.520our first lady melania is here look at melania so beautiful mrs trump you have the glow like
00:09:29.200an expectant widow and she came back and tore a strip off him but what do you make of that
00:09:36.460so the context of his comment was he was talking to his audience on thursday night before
00:09:41.420before this dinner occurred. And he was pretending that he was speaking, that he was like the
00:09:46.300emcee at the White House Correspondents' Dinner, and he was speaking to the crowd.
00:09:51.140So here, our First Lady Melania is here, you know, talking like that. Then he goes on and says,
00:09:55.840you have a glow like an expectant widow. I mean, like, why, first of all, would anybody ever think
00:10:01.280of something like that to say, how is that even funny? Okay, that's number one. It's, frankly,
00:10:06.720the, at the very, at the very kindest, I would say it's dark. Um, but I would say it's subversive
00:10:13.040and it's disgusting, but she came back at him hard. She came back at him hard. And she said,0.99
00:10:18.100it is horrible that you would say such a thing about my family, that you would talk like this
00:10:22.500about my family, that you would put them in this situation. And that was after, I don't know if you
00:10:26.900saw the video her at that dinner, when she realized what was happening, but it was, it was
00:10:31.960a traumatic experience for her. She hadn't been present at the other two incidences, even though
00:10:37.020it was traumatic enough to not be there. Now she was actually there when shots were ringing out
00:10:41.260and she knew right away, like she figured out pretty quick because she ducked under that table
00:10:45.620what was going on. Okay. She and what's her name? Levitt, Caroline Levitt, ducked under the table.
00:10:53.380I mean, honestly, it is horrifying to me that anyone can find anything good in what happened
00:11:00.820on Saturday night, and that Jimmy Kimmel would have made an insensitive, provocative, cruel,
00:11:09.100vile comment like this and think that it passes for comedy.
00:11:13.640And check out James Carville, his quote, I want to watch Trump suffer. Top Democrat strategist,
00:11:23.720James Carville on his podcast, I do not want that man to die. I want to watch him suffer,
00:11:29.880and i can't watch a dead person suffer so okay he doesn't want him dead but maybe he would be okay
00:11:40.040with somebody he loved being dead or somebody he cared about being dead or some of his members of
00:11:45.100his cabinet having been killed that night maybe that would be okay i mean like honestly
00:11:49.600he's a sick puppy anyway i the older he gets the worse he gets uh he was someone that was almost
00:11:57.380halfway respectable at one time. He is not even remotely that now. But he is an example. He is
00:12:05.200an exemplar of what you hear from Democratic voices with very few exceptions, the exceptions
00:12:12.000being John Fetterman and this one congressional person who I've never heard of before, who have
00:12:17.420spoken up about this and been horrified at what they've seen and heard. I don't know what's
00:12:22.280happened to decent Democrats. I don't know. I don't know where they've gone. They're all gone.
00:12:25.980Even the ones who probably are at their core decent are afraid to speak up because the party has been overtaken by lunatics, people suffering from Trump derangement syndrome, haters, anti-Semites, vile human beings altogether.0.96
00:12:40.940And anybody who is halfway decent is probably scared to death to speak up.0.54
00:12:45.380I'll tell you what's scary is the prospect of these people getting power again.
00:12:49.240If they're that crazy, then the idea that they will form power, you know, gain, gain power, like right now, I think they've been pushed to the edge in part because Trump has defeated them so soundly, you know, he beat them so much, so badly last time.
00:13:07.860yep and right now they don't have control of anything you know in terms i mean obviously
00:13:13.820their governorships and all that sort of thing but they're out right now they don't have their
00:13:19.520hands on the levers of power and these people are as power hungry a group as i've ever seen in my
00:13:25.700life and the fact that trump of all people defeated them twice maybe even three times really
00:13:31.840let's face facts yeah insult to injury that's insult to injury and the fact that he would beat
00:13:38.000them again you know if you know he was able to run again but the fact they were not able to defeat
00:13:45.920him politically i think has pushed them right to the edge and beyond and it says if nothing else0.67
00:13:52.600trump has really ripped the mask off these people just how incredibly crazed and demonic they are1.00
00:13:58.820for lack of a better word, these people are crazy. I think that I think that you understated when0.99
00:14:03.920you say that, Mark. And the fact is that that he is the only person who is blunt enough in his
00:14:13.020language. He does not parse his words. He doesn't doesn't clean up his language. He calls them out
00:14:19.580for what they are. They're lunatics. They're low IQ. They are whatever he calls them. That is what1.00
00:14:24.480they are. He hasn't been wrong yet. Okay. Um, and he's not afraid to call them out. And the fact
00:14:29.560is that he says out loud what many, many Americans are thinking. And it's a relief to them to know
00:14:35.960they hear him speak and they say, but I'm not crazy. I think these people are nuts. I think1.00
00:14:40.640they're like off their rockers. I think that they're dangerous. Um, and, and somebody is
00:14:45.540actually calling them out. So this is, um, you know, it, it, they hate him for this. That's why
00:14:50.840they that's why some of them actually do want him dead some of them want him out of office
00:14:55.940some want him dead some want him whatever defanged in some way because he gets way too close to the
00:15:02.680heart of the matter for them he scares the bejesus out of them they're i think you're right you were
00:15:08.780saying that there seems like there's almost desperation happening here because they don't
00:15:12.740have any of the levers of power and they are doing everything they can to ratchet up their base
00:15:17.440and to ratchet up the haters to come out in the midterms.
00:15:22.020And I hope that the Republicans, I can't speak for them,
00:15:24.660but I hope the Republicans are well aware of what these guys are doing
00:15:28.120and are prepared to fight back hard, just like they did in the 2024 presidential election.
00:15:33.020This is just as important, maybe more important in some ways than the 2024 presidential election,
00:15:39.280because without control of Congress, he can't get anything done.
00:15:43.920Yeah, I think Republicans really have to appeal not only to their base, get out there, vote, but to whatever moderate Democrats are left and say, look, take a long, hard look at the crazy people who are running your party.
00:16:00.880You know, is that really who you want in charge?
00:16:03.220Maybe it's time that you go back to the drawing board and find some people who represent the party the way it used to be.
00:16:10.900know if you go back to the 80s and 90s where you had you know relatively reasonable people
00:16:18.180yeah i mean there were some very decent fine democrats they were good people they were
00:16:22.820intelligent they were moderate they were willing to work across the floor uh there's none of that
00:16:29.140now these people whatever he says they'd say the opposite if he said cancer is bad they would say
00:16:34.340cancer is good that's where they're at that's where they're coming from yeah so we'll have to
00:16:40.020to see what happens i'm glad you brought up the midterms because it's getting closer yep um the
00:16:44.920war hopefully is scaling down i mean i'm i made a prediction that by summer the war would already
00:16:53.080start to be you know a distant memory and i really hope that's the case i believe it is i think that
00:16:58.640they're getting ready um i mean this is just my sort of intel from what i'm hearing from my recent
00:17:04.720trip since then, I think they realize that Iran's not going to negotiate on the nuclear side of this
00:17:12.400thing. And therefore, they're going to have to take some very unpleasant, serious military action.
00:17:18.480It won't take them long. This is not something where you send 20,000, 50,000, 100,000 ground
00:17:23.280troops and you come in and you do what you need to do from the air and other ways, and they will
00:17:28.960take care of things. And the Iranian people have pleaded and begged, please come in and do what you0.67
00:17:33.760have to do we've got to eliminate this government altogether they understand this um it's a horrible0.98
00:17:39.680thought it's terrible and it's sad but it's got to be done um and i think he wants it to be over by
00:17:44.240the summer too i think he understands that you can't drag this out any longer it's not good to
00:17:48.080do it for the the american people for the economy for the world it's not good to drag it out i mean
00:17:53.440i have wondered and asked whether or not there are back channel communications between elements of the
00:17:58.640democrat party and what's left of the regime you know with democrats saying no hang in there you
00:18:04.880know we're with you and nothing would surprise me mark drag this out you know uh let's punish
00:18:10.960trump at the polls it would not i mean it would be treason yep but it wouldn't surprise me well
00:18:17.520just based on the comments that i've heard from some of the congressmen and senators
00:18:21.520chris murphy and others like that it's horrifying that these people are showing support in any way
00:18:29.340shape or form for this regime and they are so i'm not convinced that you're not correct on that i
00:18:35.220think you might very well be it's sad but i i am of the belief now at this point that they're
00:18:40.560probably rooting for casualties you know they want as high a body count as possible yep anything
00:18:46.000that would hurt trump i'm convinced that they will root for it they would rather have iran
00:18:50.960nuclearized than to have Trump get a win from this whole thing. Last word to you, Georgianne.0.84
00:18:58.900Yeah, I don't disagree with you, Mark. And I'm just actually hoping and praying that that isn't1.00
00:19:04.940the case, that he doesn't have to do that. But I will tell you, I long ago stopped second guessing
00:19:09.180my president. He is a very smart man. He's a very strategic thinker. He's surrounded by strategic
00:19:15.920thinkers, people who deeply care about the United States. They do care about world peace. They
00:19:20.500actually do. He really does. He has said this for decades. So I'm not going to second guess him.
00:19:25.860I'm just going to continue to pray for his health, which obviously is something we have to do real
00:19:30.600hard these days, and that he continues to think wisely about this and do the things that are good
00:19:36.660for not only the United States, but the rest of the world too. George Ann Burke, thank you so much
00:19:41.060for coming on the show. We appreciate it. My pleasure. Thanks, Mark. Our next guest is Franco
00:19:45.860Terrazzano, Federal Director of the Canadian Taxpayers Federation. Welcome, Franco.
00:19:50.820Hey, thanks for having me on. You posted this earlier on X. Carney did not create a sovereign
00:19:57.900wealth fund. Carney announced a debt-fueled corporate slush fund. The government is more
00:20:04.980than $1 trillion in debt. Carney will borrow $25 billion more, dump it into a fund, then gamble
00:20:12.980your money on risky corporate handouts. How did you come up with that determination based on what
00:20:19.480Carney announced today? Well, I just said what's going on, right? Carney's trying to make people
00:20:24.620think that he's created this sovereign wealth fund. It's not a sovereign wealth fund, right?
00:20:29.340The whole idea of a sovereign wealth fund is actually supposed to be to protect taxpayers,
00:20:34.280right? It's supposed to be a budget guardrail against overspending. That's what it's supposed
00:20:39.340to be. But that's not what Carney is doing. And when I say that Carney just announced a debt
00:20:45.280fueled corporate slush fund, that's what's going on, right? Carney is going to borrow another $25
00:20:51.740billion at a time when the government is already massively in debt, more than a trillion dollars
00:20:56.380in debt. So he's going to borrow another $25 billion. He's going to put it into this fund.
00:21:00.820And then the fund is going to risk taxpayers' money on this corporate welfare, on subsidies
00:21:47.400But the problem is these guys have no intention of unleashing the resource sector as far as Canada goes.
00:21:55.180I mean, they talk about it, but they always throw a monkey wrench into it, you know, like, oh, you got to build a 20 billion dollar decarbonization facility first in Alberta before you can do anything.
00:22:05.760you know it's absolutely oh by the way and here's you know higher carbon taxes so on one hand they
00:22:12.060talk about this but they do everything in their power to undermine it at the same time don't they
00:22:18.460oh look mark it's crazy right because you were right Norway sovereign wealth fund is the gold
00:22:24.720standard policy right but what Carney just announced is the exact opposite let's take it