Juno News - Justin Trudeau is gaslighting Canadians

00:00:00.000 welcome everyone back to another episode of the northern dispatch you know this week we have been

00:00:14.720 told by our leaders in this country that the economy is doing great everything is going well

00:00:19.920 we should be proud of the fact that canada is now the first country in the g7 to drop rates for i

00:00:25.760 believe the third time in a row my numbers may be off there but one thing we do know for sure is that

00:00:29.920 the numbers are off for the federal government we've got some house uh housekeeping here to take

00:00:35.840 care before we get into the show and that of course involves us reading last episode's comments we told

00:00:41.280 you that we'd read the best comments so we hope you get involved and engaged on this episode as well

00:00:46.400 but the first comment we have comes from gail horachuk 1269 i hope i got that right he writes

00:00:53.840 they were making fun of trudeau not canada and i believe that is in response to donald trump's

00:00:59.920 trolling i think that of course is right i think many in the united states do want to make fun of

00:01:05.280 trudeau they want to dig the knife and on justin trudeau and uh i hope they have some love for us

00:01:10.880 canadians and are not just going after the country as a whole what other comments do we have so we

00:01:16.160 have stacy ri5 pb saying trump's not bluffing he knows what's going on up here and wants it cleaned up

00:01:24.320 thank goodness that's definitely one way to look at it for sure and lastly we have gordon meer 40359

00:01:32.240 in my opinion if a 25 tariff is a price to pay to get rid of trudeau then it's worth it well

00:01:40.960 i know i i understand the sentiment but you may change your opinion when it actually comes into play

00:01:47.040 yeah it sounds good right now when it's not a reality um let's take a look at the last episode's

00:01:52.720 poll the question for the last episode was do you think trump will follow through with his tariff

00:01:59.120 threat or is he bluffing 78.9 of respondents say that trump will follow through uh that's gonna hurt

00:02:07.520 canada for sure yeah i think um and i think he will follow through there he's demonstrated to be to make

00:02:16.480 some pretty provocative claims before and follow through with those claims so i think he's he's

00:02:21.680 demonstrated that he is willing to to follow through on on some of these promises no matter

00:02:26.640 how quote-unquote reckless they may seem to people well the next the poll question for this episode

00:02:33.520 it's a simple one i anticipate the results to be uh pretty skewed here the question is is justin trudeau

00:02:40.240 and maybe the the trudeau government intentionally manipulating the economy for political points

00:02:46.880 all right let us know your answer to that poll question but on this episode of the northern

00:02:52.480 dispatch we are introducing a fourth seat we're introducing here for you the national director

00:02:58.000 of the canadian taxpayers federation franco terrizano franco thank you so much for joining us

00:03:03.360 we're going to throw it right to you now for your reaction to tiff macklem the governor of the bank

00:03:08.160 of canada his announcement that canada is once again cutting rates what was your immediate reaction

00:03:14.320 well you know right away i know that a lot of canadians are going to feel a little bit of

00:03:19.600 relief right like especially if you have a variable rate mortgage or you're a consumer and you have a

00:03:24.960 lot of debt or your business and you have a lot of debt you're looking to take on more debt but like

00:03:29.600 hold on a second folks let's look back just one step and try to figure out why interest rates spiked

00:03:36.480 in the first place and the reason interest rates spiked in the first place is because of all of

00:03:42.560 the money printing that the government central bank did during the pandemic the bank of canada printing

00:03:48.960 up what more than 300 billion dollars out of thin air and dropping it into an economy that was going

00:03:56.080 through revolving lockdowns too many dollars chasing too few goods that's the inflation tax and that what is

00:04:03.520 always what creates general inflation right so you have the government hiking taxes running massive

00:04:10.720 deficits into the tens of billions of dollars then you have the central bank the bank of canada

00:04:16.320 financing the government's out of control spending that is what led to a 40-year high inflation and

00:04:22.800 that's what pushed up the rates in the first part so you know like i i don't want to discount the fact

00:04:28.320 that a lot of people are really nervous about the high interest rates they're paying but we have to

00:04:32.640 remember what caused the pain in the first part and the first thing that caused the pain was the

00:04:38.800 added control spending from the trudeau government the trudeau government's tax hikes and the bank of

00:04:44.240 canada printing money out of thin air but franco if you were to believe justin trudeau they didn't cause

00:04:51.280 the inflation but they've solved it so like you know they they had no way to stop the inflation from from

00:04:58.480 actually skyrocketing to 40 year highs but they're solely responsible for bringing it down well i don't

00:05:04.880 believe justin trudeau it's a i don't right and neither and neither should you or anyone watching

00:05:11.360 this awesome show um and the reason is uh number one general price inflation is always because of an

00:05:19.200 expansion of the money supply printing money right that is what causes general price inflation now prices

00:05:26.480 rise and fall all the time that's relative prices there's only one thing that pushes up all prices

00:05:32.800 throughout an economy and that's an expansion of the artificial money supply which we saw during

00:05:38.000 covet 19 the pandemic and the bank of canada right and the federal government running these massive

00:05:44.160 massive deficits the not the next thing i'm gonna say if you're not living under a rock and you're not

00:05:50.080 in government and you're not a politician you know that the cost of living is still going up right you

00:05:56.080 hear these inflation statistics being thrown around in the mainstream media well what that shows

00:06:02.400 is that prices are still going up they're just not going up as fast as they were when inflation was a

00:06:09.200 40-year high so yes the government is at least a huge driver of inflation and no the government has

00:06:16.960 not solved the cost of living crisis facing many canadians tanya let me bring you in here the reaction

00:06:22.800 to this announcement the reaction to this rate cut announcement from what i can see has been

00:06:27.840 resoundingly negative yeah so i think if you're an individual looking at this and say oh interest

00:06:36.880 rates are going down that's good for me that means my mortgage goes down maybe my credit card payments

00:06:41.600 go down as an individual that's a good thing but as an economy usually when you see interest rates going

00:06:48.800 down this quickly and and for this many consecutive terms it's not a good thing now i'm not an economist

00:06:55.040 but i know there's one on the panel so i bet you can tell me franco why it's really bad for our economy

00:07:00.560 for this to be going down so fast well i mean like it's it's funny that you have government control of

00:07:08.240 a price and that's what an interest rate essentially is right the price uh it's essentially a time

00:07:13.200 preference right the price of borrowing now versus cons or saving versus consuming now but like it's

00:07:19.920 actually quite simple i you'll you'll hear a lot of jargon right from these talking heads on the media

00:07:25.200 and whatever but to understand how an economy grows it's actually quite simple you have to produce

00:07:31.920 before you consume you have to produce more than you consume if you consume more than you produce that's

00:07:38.960 bad right and the way that you produce more is by saving investing and having entrepreneurs take

00:07:45.760 risk with those savings and investment to grow the economy further right that's how you grow an economy

00:07:51.840 uh the wrong way or the fake way to grow the economy is to have uh relatively low interest rates uh forced

00:07:59.200 down by easy money and easy credit and massive government spending and government borrowing right so there's

00:08:05.360 the real true way to grow an economy and then there's the bad fake way to grow the economy uh the

00:08:12.000 other problem with bringing down interest rates this quickly is people are uh are going to think hey you

00:08:18.080 know what maybe now is a great time to buy a house so um yeah they'll borrow more yeah so one of the fears

00:08:24.560 is is this going is this going to spur another housing frenzy which to your earlier point franco by printing money

00:08:31.840 you increase inflation well as many people may or may not know when you have a whole bunch of people

00:08:37.280 taking out mortgages that is introducing brand new printed money into the economy which will drive

00:08:42.320 inflation a big concern that we're seeing right now is also this worry that the canadian looney the

00:08:49.280 canadian dollar continues to plummet in relation to the u.s dollar i believe it's at a three-year low

00:08:55.520 um now close to i think it's 69 cents at the time of this recording uh this seems to be well is this

00:09:02.320 entirely justin trudeau's fault what uh what's your read on this franco well that's tough right there's

00:09:08.560 there's so many different things that go into currency prices and and relative exchanges but you

00:09:13.520 know i i want to talk just specifically about the poll that you mentioned on tariffs earlier

00:09:18.480 right now you always have to kind of if you're a serious government you always have to pay attention to

00:09:23.200 what other countries are doing especially our largest trading partner and ally the united states

00:09:28.160 but if you're also a serious government the way to let's say combat things that other countries are

00:09:35.120 doing that might impact you is to focus on your own economy you really want to give it to the rest of

00:09:42.320 the world then make canada the most competitive place to invest to do business and to grow our workforce

00:09:51.680 that should be the focus of any serious government remember tariffs at the end of the of the day

00:09:57.680 folks and i'm glad harrison and ryan and tanya i'm speaking to your audience on this tariffs at the end

00:10:03.040 of the day are another distortionary tax on canadians right tariffs are not good we shouldn't be giving

00:10:11.920 the government more of our money and that's exactly what a tariff does if you really want to be the

00:10:16.880 most competitive country don't give the government more power to tax you we need to get the government

00:10:23.600 out of the way so more entrepreneurs can make more stuff that money buys grow the economy bring inflation

00:10:31.040 down and make sure we have more job opportunities that pay higher canadians across the country know

00:10:37.520 that the economy is in a bad way because they feel it at the grocery store they feel it during their

00:10:42.400 christmas shopping we all know it's bad and it's been bad for many years but at the same time we've

00:10:48.400 had politicians gaslighting canadians telling everyone that things are so great that maybe it's

00:10:54.880 even sunny ways one might describe it as that that the economy is doing great and compared to our g7

00:11:00.400 partners you know canada is really strong right now the reality is canada is canada on a jet on a per

00:11:07.680 capita gdp level is below that of alabama take a look at this montage of canadian leaders gaslighting

00:11:14.880 us into telling us that our economy is somehow performing so well we're drawing in global investment

00:11:20.880 to a higher rate than just about any other country per capita in the g20 we are delivering things that

00:11:27.840 make a real difference in canadians lives i take a little bit of issue uh with what you said about what

00:11:33.280 the economy needs what the economy needs is for people to be able to afford their groceries we're

00:11:38.480 focused on canadians i'll let the bankers worry about the economy there's a lot to feel optimistic

00:11:43.520 about it particularly when we look at uh the uh overall situation of our economy which is uh predicted

00:11:49.600 to grow faster than most of our peers including faster than the united states next year it's really

00:11:55.680 really easy when you're in a short term survive i got to be able to pay the rent this month i got to

00:12:01.200 be able to buy groceries for my kids to say okay let's put climate change as a slightly lower priority

00:12:11.120 and that's something that's instinctive when the storm comes you want to hunker down and just sort

00:12:15.440 of huddle up and wait for it to blow over we can't do that around climate change canadians are

00:12:21.760 justifiably proud of our immigration system it has made our economy the envy of the world it's how we've

00:12:28.640 built strong diverse communities it's how we've demonstrated the differences can and must be a

00:12:34.880 source of strength because we have been so fiscally responsible over the past years we have room to

00:12:42.000 respond if there is no more to do we have the lowest deficit in the g7 the best debt to gdp ratio in the

00:12:50.000 g7 the international bond rating agencies have confirmed canada's triple a rating i'd just like to

00:12:57.920 say a couple of words about the canadian economy uh we've had some positive news over the past few

00:13:04.160 months uh we have now had inflation down within the bank of canada's target range for seven months in a

00:13:12.720 row and in july inflation hit a 40-month low that is four months in a row that inflation has been within

00:13:21.120 the bank of canada's target range that is really good news but of course that economy isn't about

00:13:26.400 numbers economy is also about people tanya what what is going through the minds of these canadian

00:13:32.480 leaders why do they even bother when everyone knows they're not telling the truth i think it's

00:13:39.040 all smoke and mirrors right if as a politician you say to everybody look how badly we've screwed up look

00:13:44.160 at how we've just destroyed the economy please vote for me in the next election it's not going to work

00:13:50.880 if you lie and say look at what a fantastic job we've done don't you want to vote for me in the

00:13:55.600 next election maybe you've got a chance well and the problem is is that the opportunity to actually

00:14:02.480 tell everybody that things aren't going so well was a long time ago that was the opportunity for them

00:14:08.240 to say you know what we've seen some of our policy decisions they're not going the way with that we

00:14:12.960 thought we take responsibility for that we're going to course correct but no they've decided to just

00:14:18.080 double down and triple down and the problem is harrison i'm seeing on social media i was on like

00:14:23.120 just like a facebook feed uh earlier today and i'm seeing the liberal talking points we have the lowest

00:14:28.480 debt to gdp ratio we have this and we have that i'm like clearly these are people that are only watching

00:14:33.120 cbc and are only watching these clips and unfortunately that's what they're believing or they're bots

00:14:38.400 right and on let's just look at per capita gdp right the the the buying or the purchasing power

00:14:45.840 of the average canadian and canadians the indicator as to whether or not canadians are getting richer or

00:14:51.440 poorer and for six consecutive quarters that number has been decreasing i believe it's now eight out of

00:14:57.120 the last nine quarters uh per capita gdp has been decreasing um you know people throw this word the

00:15:03.760 recession word around and i want to ask you franco is canada in a recession whether it's uh whether it

00:15:09.440 technically follows the definition of of a gdp well speaking of gdp right it's a bit of a funny little

00:15:19.120 statistic that the government loves to use and what's included within gdp well one of the metrics

00:15:24.960 that influences that statistic is government the bigger the government is the bigger the gdp statistic

00:15:33.280 can be because it's a direct factor in gdp outcomes right so the government can juice the gdp

00:15:40.880 statistics so to speak by increasing the size of government now i want a proof point of that let's

00:15:46.800 just look to the latest jobs uh report from statistics canada right well if you go back to

00:15:53.520 before the pandemic february 2020 the number of government employees across canada has gone up by 18

00:16:00.560 percent since pre-pandemic the number of workers outside government has gone up five percent government

00:16:08.160 jobs 18 percent jobs outside of government five percent so you know when you talk about the health of

00:16:14.720 the economy it's better to actually split up the two different sectors the government sector and the

00:16:20.640 private sector the makers versus the takers well if you're in government you're doing just fine right we

00:16:28.000 mentioned the number of jobs increased across canada but let's just look at the federal government

00:16:32.880 in less than a decade trudeau has added 108 000 extra federal government bureaucrats not only that

00:16:39.840 there's been more than a million pay raises handed out in the last four years as people and businesses

00:16:44.400 in the private sector struggled there's been more than one billion dollars in taxpayer funded bonuses

00:16:51.040 since 2015 and the bigger bureaucracy collecting bigger paychecks and bigger bonuses

00:16:56.560 means that the cost of the federal bureaucracy has gone up 73 percent under trudeau so when you

00:17:04.720 want to talk about the economy you have to talk about the the tale of two economies where the private

00:17:10.960 sector has been taking it on the chin small businesses individuals paying higher taxes government

00:17:16.960 regulations making it harder to build anything in canada then within the golden gates of government

00:17:22.240 you have more bureaucrats taking bigger pay and all the other types of perks is it possible that uh this

00:17:29.920 rate cut will uh trigger more housing starts yeah i mean it is possible right um i'm not exactly sure

00:17:40.160 uh what's going to happen there but you bring up the housing affordability issue right like remember the

00:17:45.280 government also spent hundreds of thousands of dollars funding and promoting a report that

00:17:50.400 recommended a form of a home equity tax well here's the thing you're not going to build new homes with

00:17:55.840 taxes you build new homes with hammers and nails so you got to cut the regulations to allow entrepreneurs

00:18:01.360 to actually build more homes now speaking of canada's government housing agency i saw a report today at a

00:18:08.880 black locks the online news site uh talking about one of the cmhc uh brass saying you know like we're

00:18:15.520 not going to tell you about our bonuses that's personal information yada yada yada but to really

00:18:20.080 put a cherry on top of this folks like think of this okay over the last four years what since the

00:18:25.280 beginning of 2020 we have been in a housing affordability crisis the housing agency of the

00:18:31.360 government that's supposed to be dealing with this housing crisis has failed and they still handed out

00:18:36.800 102 million dollars in bonuses let's let's get into this um uh ryan you know canada right now has

00:18:46.400 the lowest housing availability in the g7 at the same time that this government likes to tell us that

00:18:53.600 in the g7 canada's economy is actually doing well we've we're cutting our rates out a faster rate than

00:18:58.640 any other g7 country does that really matter if canadians can't afford to buy a house if canadians 0.86

00:19:05.120 at the highest rate are going to food banks to put food on their table no and and this is why

00:19:12.880 when they trot out these statistics and then they try and tell canadians that everything is great

00:19:19.200 unless you are a senior that has no mortgage where you have a savings and you're still getting cpp on top

00:19:26.800 of that and you're not feeling this nobody believes them and people are frankly getting more and more

00:19:32.880 insulted when you know you you have people that are fighting to actually stay in a house rather than

00:19:41.520 you know have to consider going to canadian tire picking up a tent and going living you know next to

00:19:46.400 their three other friends that are living in cars and living in tents now yet you're being told by

00:19:51.520 christian freeland we're not in a recession we're in a vibe session it's just in your head that you don't

00:19:56.400 have enough money it's just in your head that you have to skip meals every other day in order to actually

00:20:02.000 pay rent it's just in your head that your parents have had to come and live with you and your kids

00:20:07.760 have had to come and live with you because they can't afford anywhere to live so it's it's just

00:20:13.440 downright insulting to the vast majority canadians and this is why you've seen despite the all of this

00:20:20.080 bravado of this gst holiday and the rest of this the poll numbers for the liberals haven't budged

00:20:26.720 tanya we've got vibe session we previously had a she session during the 2021 election campaign um you

00:20:35.040 know we've got we've got people who you know the prime minister since he doesn't think about monetary

00:20:38.800 policy christia freeland telling canadians to cut their disney plus where is the seriousness with

00:20:44.480 these people do they not understand that canadians are really suffering at a rate that they probably

00:20:51.680 haven't in many many years it's either that they don't understand or again it's the smoke and mirrors

00:20:56.640 that they know full well what's happening and they're just trying to hide it from the canadian

00:21:00.720 public because they want to get re-elected i mean all these liberals have to do is come out of their

00:21:07.440 ivory towers and start talking to everyday canadians 25 of canadians are living in poverty and that

00:21:13.600 includes children and at the same time 25 of canadians are having to use the food bank and then you have

00:21:20.640 the statistic that over 300 foreclosures are happening every day in this country canadians

00:21:26.960 can't afford their homes canadians can't afford food canadians can't afford gas in the car to go to

00:21:32.320 work canadians are living on credit we have i think the stat is that we have the most consumer debt out

00:21:40.720 in terms of households in the g7 canadians are are overspent and the liberals are pretending like

00:21:47.920 none of this is happening that we're not suffering you know it feels as though that for every stat the

00:21:52.800 government rolls out there's three or four that are absolutely catastrophic to prove the other to

00:21:59.040 prove the opposite point franco are we are we leading towards you think in early election is the

00:22:05.440 government trying to do this to uh to become more popular and to try to trigger some uh some gdp

00:22:11.520 growth in the lead up to a potential election is that is that what people are talking about

00:22:14.560 you know i don't know um that's a great question but like i'm here in ottawa i talk to people every

00:22:19.440 day in in political circles and you ask 10 different people you get 11 different answers on when they

00:22:24.160 think the next election is is going to be right but like um like look uh we're talking about like do they

00:22:30.400 just not understand uh number one they don't understand because they live in a completely different

00:22:35.520 world right they live in a taxpayer funded party that that's what they that's what they have going on

00:22:40.800 remember folks like every single year while you struggle while you pay higher taxes where you can

00:22:46.960 barely afford to pay your rent your politician gives themselves a pay raise every single year

00:22:53.280 right the minister's pay raise or the minister's salary like freeland or guibo or whomever

00:22:58.480 is just shy of three hundred thousand dollars every year the prime minister's salary is four

00:23:03.920 hundred and six thousand dollars they have taken five pay raises since the beginning of 2020 pandemic

00:23:11.360 inflation crisis housing crisis none of that stopped these politicians all of them by the way

00:23:16.720 from taking a pay raise every single year they have become financially divorced from the people they're

00:23:24.400 supposed to represent right it's called the house of commons for a reason but they are living in a

00:23:31.840 different life from us not only do they have these huge salaries they get this huge pension when they

00:23:37.120 retire if they don't get a pension they get a six-figure severance they get a transition allowance they get

00:23:43.120 a ton of their expenses paid for so they are living on a taxpayer gravy train they have no idea how hard it is

00:23:52.320 for the average canadian out there ryan is it possible is it really possible that they don't understand

00:23:57.840 because the polling is so obvious everywhere they look even surely even their internal polls are telling

00:24:04.400 the liberals that they are in deep trouble so they know it's not working is it possible that they don't

00:24:09.600 care i think i think it's a little bit of a nuance because i think what's going on we've seen that the

00:24:19.520 liberals um they they use these theatrical answers in question period these non answers when they're

00:24:27.280 challenged by reporters they know what's going on um i think the issue is is they are in a survival

00:24:34.960 situation when it comes to their government they're in a survival situation when it comes to their uh

00:24:39.360 their post-political careers because just you remember a lot of these liberals are going to be losing

00:24:45.600 their seats and that's going to have to transition them uh kind of to franco's point from the ivory tower

00:24:51.680 back down to to the streets with the rest of us so they have to be thinking about what am i going to

00:24:56.880 be doing after that is there going to be any business that is going to be interested in putting

00:25:01.440 christia freeland in a senior position that is going to have her in charge of their budget probably not 1.00

00:25:06.400 after this so um i think they they do know kind of what's going on um you see that you see it every

00:25:14.320 day where they say oh i've talked to my constituents and they're there they love everything that we're

00:25:18.720 doing um only to be refuted by either a reporter or or another politician saying i i actually talked to

00:25:25.200 those same people and they said this is a disaster so they've been caught out on so many scandals it's

00:25:30.800 obvious that they knowingly act unethically they knowingly try and cover some of this up unethically

00:25:37.120 um and at this point they they have lost the control of the house so the only thing that they

00:25:43.280 can try to control right now is the narrative so i think they know better and it's it's more devious

00:25:49.280 than that it's not that they don't care is that they care more about their political and personal

00:25:54.800 fortunes than they do about the average canadian tanya i want to bring it back to tiff macklem's

00:26:00.960 announcement um on on wednesday he said very notably he said that the available jobs did not come close

00:26:09.440 to the uh to the amount of supply in the labor market boy that that uh that labor shortage sure went 1.00

00:26:15.040 away fast didn't it it did and i think we've been seeing this for several months because i remember

00:26:19.920 looking at stats can uh back in the summer regarding this saying why are we getting 90 000 new jobs but

00:26:27.280 our unemployment rate stays the exact same it's because we are welcoming more new canadians than

00:26:33.520 we have jobs for we're not creating all these new jobs to support the number of people that we have

00:26:39.520 seeking those jobs well and as we saw unemployment rose again at 26.8 percent so um you know it comes

00:26:49.120 back to freeland and the liberals talking up oh we're making all these jobs it's great well you keep

00:26:54.480 bringing in more people to this country than we have jobs for so what do you think is going to happen 1.00

00:27:00.400 you're going to have more unemployed people and then that has the direct effect on the uh the per capita

00:27:06.720 gdp continuing to go down franco do you think that the federal government looking back on this

00:27:13.280 really a mass immigration experiment that we've gone through which now appears to be correcting itself the 0.76

00:27:17.760 government now appears to be correcting was that designed to artificially raise the gdp and and and

00:27:24.480 convince canadians that things are going great by just bringing in millions of people i'm not sure what

00:27:30.400 the intentions were behind that if i could just be perfectly honest right i'm not sure if it was for the

00:27:36.160 reason that you suggest perhaps they just thought that they were doing the right thing like i honestly

00:27:40.880 don't know um but look at the end of the day and i want to bring it back to a point i made earlier

00:27:45.600 if you want to have real economic success you have to build things and produce value that is the only way

00:27:55.200 you can't create economics true success by printing money out of thin air you can't bring about real

00:28:03.440 success and real better living standards by spending money from the government that we don't have you

00:28:09.840 can't do that the only way to build a true resilient economy that brings success to all canadians

00:28:18.000 is to build stuff and provide value and the only way we're going to be able to get our economy firing

00:28:23.920 on all cylinders in that way is to cut back the size of government businesses canadians are over

00:28:31.760 regulated the government is way too big we have to shrink regulations cut red tape and drastically

00:28:39.280 cut the size and scope of not just the federal government but all governments across canada

00:28:44.960 yeah i was going to kind of lead into that and open it up to the panel and ask what worked for this

00:28:50.160 country in the past there was a time before justin trudeau that we had a world-leading economy

00:28:55.120 that people thought the canadian economy and the canadian financial system was

00:28:58.720 was really a north star uh to follow what worked for us in the past and what is it that we're going

00:29:04.080 to have to do to get this country back to that position i'll open that up to anyone well i think

00:29:11.440 i think you can go back as early as stephen harper and we had one of the most vibrant and bustling middle

00:29:17.040 classes um during his government uh towards the end and this is following uh recall the 2008 uh crash that

00:29:26.960 hit the world and it didn't he it hit it didn't hit canada as hard it obviously hit the united states

00:29:32.640 the most but um through having someone who understands finance at the head of the country i think it

00:29:40.640 allowed us to recover now did he do the best job he uh he possibly could have no of course not uh every

00:29:47.280 government makes mistakes but he was able to get us back to a point where you know we were doing okay

00:29:54.400 housing prices didn't just skyrocket under stephen harper they were on a steady trajectory

00:30:01.360 and he was able to have the economy recover in a gradual manner and this is the issue with

00:30:06.880 the interest rates coming down as fast as they are they should be coming down gradually they

00:30:11.120 shouldn't be falling like a stone you know uh tanya let me ask you this because we look at the data we

00:30:18.240 see that the united states also has a a cost of living issue the price of goods in the united

00:30:25.280 states has increased but compared to europe and canada the united states has been doing far better

00:30:32.400 both canada and europe have fallen off in comparison to the united states and we hear a lot about you

00:30:37.600 know joe biden being um you know bad for the us economy but compared to justin trudeau i mean the us is

00:30:43.760 just far ahead of us it appears on almost all these other metrics well justin trudeau managed to

00:30:51.200 double our deficit in what the nine years that he's been in office um when when covet hit initially

00:31:00.240 they said okay everybody who's qualified will receive two thousand dollars per month for two months

00:31:06.400 and then that's it but they just kept the serve checks rolling and i know a lot of people did lose

00:31:10.800 their jobs during that but now we're finding out that many people who were working and did not

00:31:15.440 qualify received serve that's a lot of money that went to individuals that really didn't deserve it

00:31:21.280 and where did that money come from it was just created out of thin air well and you also have the

00:31:25.920 the seba loans as well uh the recent bombshell report that came out i think it was over three

00:31:30.320 billion dollars went out to what was it 77 000 businesses that did not qualify for it as well

00:31:36.800 so um when you have all of that happen and and and then when you're talking about our housing uh our

00:31:44.400 housing market i think we were in lockdown far more than the united states and what did that do that

00:31:50.960 drove people to look at buying houses away from urban areas so they didn't feel like that they were being

00:31:56.240 cooped up uh in in a concrete jungle and and feeling like they were in a prison so um

00:32:01.840 um you can just go on and on and on and there are so many aggregating factors to this and you had a lot

00:32:09.520 of other european countries as well kind of do the same thing but you had a lot of the states in the in

00:32:14.960 the united states not really apply too much to the lockdown approach some some of the more liberal states

00:32:21.520 you know we're in longer than others but um as a country they didn't all follow kind of this the same

00:32:27.840 the same strategy so i they came out of lockdown way earlier than everybody else and i think it had

00:32:34.080 a a drastic impact on that franco i want to you know we like to try to end the show on on a positive

00:32:40.400 note but we're not going to be able to do that on this no i gotcha i gotcha i want to ask no no but i

00:32:46.400 got to ask you how bad is this going to get for canada what is what is the what is the six seven month

00:32:53.120 um outlook for us right now well i mean the the answer is it depends right i mean if the government

00:32:59.200 keeps doing what it's doing it's it's gonna keep not being very good for anyone not not in the

00:33:04.240 government i mean uh to tanya's point the government has doubled the debt in less than a decade like

00:33:09.440 interest charges on the debt federally cost taxpayers more than one billion dollars every week every time

00:33:16.960 you pay the federal sales tax every dollar you pay in the federal sales tax go to goes to pay

00:33:22.560 interest on the debt the federal government is spending more money on interest charges than it

00:33:28.160 sends to the provinces in health care transfers now what's so worrying is that like there is there will

00:33:33.040 be an election in 2025 presumably and like you have a government that is behind in the polls by about 20

00:33:39.520 points so what are they going to do well i'm worried they're going to try to keep buying votes with

00:33:44.400 people's kids and grandkids money racking up more and more debt uh they got to find a dance

00:33:49.600 partner in the house be it the block or the ndp are they going to try to do a deal with them to

00:33:54.720 raise taxes or increase even more wasteful spending to get their support uh now harrison

00:34:00.720 on the bright side let me let me uh end on a good note canada should and can be the most prosperous

00:34:08.800 country in the world for sure we have brilliant people here we're a very well-educated workforce

00:34:16.720 we have abundant natural resources diverse natural resources right we are right beside

00:34:25.040 the world's largest economy there is no reason that canada cannot be the freest most prosperous

00:34:33.200 country in the world we just need to cut back the size and scope and cost of the government

00:34:42.160 well you managed to pull us back from the darkness and end on a positive note franco we appreciate it

00:34:48.480 and we appreciate you joining us on the northern dispatch reminder the poll at the poll question

00:34:54.400 for this episode is this and it's linked in the top comment of this video is the trudeau government

00:34:59.920 intentionally manipulating the economy for political points engage with us let me hear what you guys have

00:35:05.520 to say uh and uh you know we'll read out the best comments so do try to get involved we appreciate

00:35:11.680 you joining us we'll speak to you all next week

Juno News - December 13, 2024

Justin Trudeau is gaslighting Canadians

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