00:00:00.000Mark Carney has three passports, Canada, United Kingdom, Ireland, a globalist with options.
00:00:10.600He hasn't seen Canada in a decade, calls himself a European, not a Canadian.
00:00:20.200Told U.S. Congress last year, he's a Brit, he's back to lord over you.
00:00:27.320Canada's not his home, it's his throne.
00:00:35.340What the polls are showing us is not so much the collapse of the Conservative vote.
00:00:40.220The Conservative vote has remained pretty constant, pretty steady in like the high 30s to maybe even 40 percent.
00:00:47.080And that's where the Conservatives and Pierre Paulyev have been in the polls for the last like 16 to 18 months.
00:00:52.700I think they hit a peak of like 42, 43 percent in December, like the height of Justin Trudeau's unpopularity.
00:00:59.780But that was never going to hold for an election.
00:01:02.560What has really happened is the complete and utter collapse of the NDP.
00:01:06.560The NDP has gone from polling, you know, 15 to 20 percent consistently over the last several years down to single digits, down to some polls have them getting as low as zero seats.
00:01:19.180Like there's a possibility that the NDP will be completely wiped out in this election.
00:01:24.480The left is consolidating their vote around Mark Carney.
00:01:27.840So all of the people who have typically split the vote between these two parties and maybe there's two different profiles of an NDP voter and a Liberal voter.
00:01:35.300They both basically abandoned this idea of having a third left wing party, the NDP, and saying, no, we're all going to put our support behind Mark Carney.
00:01:44.760This is supported even like man on the street interviews that we've done for Juno, where a reporter will go to one of these elbows up rallies and interview them.
00:01:53.900And a lot of the people are traditional like social Democrats, left wingers, younger, very like urban environmentalist types, like the champagne socialist types.
00:02:03.420And they basically say, I'm a lifelong NDP voter, but I'm voting for Mark Carney because I believe that we have to stop Pierre Polyev.
00:02:10.640We don't want to have a conservative in Ottawa and Donald Trump.
00:02:16.580So it doesn't matter how well Pierre Polyev performs, how much he knocks it out of the park, how strong he is, how big his rallies are, right?
00:02:25.420It's hard to circle the square, right?
00:02:27.440Because you look at Mark Carney, his campaign launch in Nepean over the weekend, and I think he had 40 people in the room.
00:03:01.860Like he communicates better than like any podcaster, any YouTuber.
00:03:06.580Like he understands the message and he can communicate it so well.
00:03:10.360And I would say the same thing on economics.
00:03:12.040Like I've interviewed Pierre Polyev and him explaining like monetary theory and inflation, better than like anyone at a think tank or anyone in an economics department.
00:03:23.960So he's like a once in a lifetime guy.
00:03:27.180And yet, because of this confluence of all these outside factors, I just, I fear that it's just like history is working against him, unfortunately.
00:03:37.880So didn't even Tom Leclerc, former leader of the NDP and a leader of the opposition party for one, at one point say to, you know, NDPers, listen, people, you got to vote liberal.
00:04:14.080He was always trying to strike a deal to maintain his own political power.
00:04:18.160I think he misread the situation, Sean, because say he had triggered an election back in October or like there was a there was a by-election that the conservatives wanted downtown Toronto.
00:04:28.540Like the strongest of the strongholds for the Liberal Party and a conservative wanted that I think that was in the summer of 2023.
00:04:34.880If they had called an election any time between then and December, I actually think it would have been the liberals that would have been wiped out.
00:04:42.200I think that the voting public is so angry at Justin Trudeau and the way that his policies have destroyed our country in so many ways.
00:04:51.560But but in so many ways, Justin Trudeau has destroyed Canada.
00:04:54.560And voters are so angry about that, that they would have taken their frustration out at Justin Trudeau.
00:05:00.280And Jagmeet Singh could have found himself as the true balance of power, the leader of the opposition, a person who has a lot of power.
00:05:07.180They even have an official residence in Ottawa.
00:05:09.320But because Jagmeet Singh was a coward and he preferred to just prop up the liberals, you know, there's a lot of speculation that he was waiting for his pension.
00:05:18.460His pension finally kicked in a couple of weeks ago.
00:05:21.760And so now he's guaranteed that sort of golden parachute on his way out.
00:05:25.660He waited for that for personal reasons.
00:05:27.760And he's the one that's going to get punished, the brunt of the anger that Canadians have over the things that have been done to our country.
00:05:33.800Well, it wasn't Mark Carney's fault because he wasn't really there.
00:05:36.280The only person left from that coalition is Jagmeet Singh.
00:05:40.160Now, I wish the Canadians would still take it out on the liberals.
00:05:43.020I wish that they would say, look, it's still the same gang, right?
00:05:45.980It's Katie Telford and Gerald Butts behind the scene advising.
00:05:49.320It's Chrysia Freeland and Stephane Gilbeau and Bill Blair and Mendicino and just, you know, LeBlanc.
00:05:57.340All these characters are still the ones that are going to be running the government.
00:06:02.160It's just that the guy at the very top is going to be Mark Carney rather than Justin Trudeau.
00:06:06.320I wish that Canadians would take it out on the liberal party, but I don't see it happening that way.
00:06:11.220And that was actually where I was going to go.
00:06:14.200I'm glad that you mentioned that the party is still substantively the same.
00:06:18.100However, there's also the argument that, well, we've got a new leader.
00:06:21.820And so really we should stop talking about a lost decade and start saying, well, how does Pierre Polyev stack up against Mark Carney?
00:06:30.220Which is kind of tough to do with Mark Carney taking all the best and most popular ideas of Polyev.
00:06:36.080Is that fair to say that we should just move on from the lost decade?
00:06:39.780Or do you think there's some runway and some value to really doubling down and saying, no, we need to convince you that Mark Carney is just simply liberal party 2.0.
00:06:54.680Well, I think that has been the strategy in trying to call Mark Carney just like, you know, the next version of Justin Trudeau.
00:07:00.700It's hard, though, because they're quite different people, right?
00:07:02.660The thing about Justin Trudeau was that he sort of rose to prominence based on his fame and his family's name and his family's accomplishment.
00:07:11.260I think Canadians believed in like the hope of Justin Trudeau, the promise of Justin Trudeau.
00:07:16.220And they bought into a lot of his sort of aspirational ideas.
00:07:21.480Obviously, that hasn't turned out very well.
00:07:23.580But, you know, Justin Trudeau was an unserious person.
00:07:25.540He didn't have any kind of a resume to become prime minister, right?
00:07:29.420He was a drama teacher and a whitewater rafting instructor, and he liked to wear blackface a lot.
00:07:34.720That's pretty much all there is to know about young Justin Trudeau.
00:07:38.200Whereas Mark Carney is the opposite, right?
00:07:39.840Mark Carney is clearly a very intelligent person.
00:07:42.620He has gone through some of the most prestigious institutions in the world, Harvard, Oxford, although we did just learn that he plagiarized his Ph.D. at Oxford, allegedly.
00:07:54.080So, you know, maybe he's been borrowing other people's ideas all along.
00:07:59.000But still, you know, he rose through the bureaucracy, became the governor of the Bank of Canada, got picked up to be the governor of the Bank of England, which I don't think has ever happened for there to be a foreigner in that role.
00:08:09.160But obviously very well regarded and successful even in his private life.
00:08:14.740The thing that I'm worried about is that even though he seems like a moderate, like the picture of Mark Carney as a sort of steady hand and a central banker and more of a bureaucrat in his demeanor.
00:08:26.040The more you look into him, the more you study who he is as a man and what his views are, you realize that he's also a radical ideologue in so many different areas and departments.
00:08:38.620You can talk about his 2021 book, Values, where he's really obsessed with the idea of net zero like that is that is everything to him in terms of business, like all of his business dealings, all of his investments.
00:08:50.700They all kind of circled around this idea of environmental and social goods and this idea that, you know, we have to phase ourselves off of oil and gas.
00:09:01.820So when I think what Canada needs to recover, I agree that we've had a lost decade.
00:09:06.820And I would even say it's deeper than that and worse than that.
00:09:10.920Like, I think Canada is in deep, deep trouble as a country.
00:09:14.620I don't think that we lived up to the ideal of what Canada could have been.
00:09:19.120Right. Like, if you think about after the Second World War, Canada came back with like a great deal of pride and accomplishment over some of the military battles and achievements that we gained.
00:09:31.320And, you know, it was a super hopeful time for a new future.
00:09:35.800And I think if Canada had been really serious about wanting to be a great country, rich country, there were things that we could have done back then right up to like building our own sovereign wealth fund.
00:09:46.700Like we could be richer than the United Arab Emirates.
00:09:49.160We could be a bigger, better financial house, a powerhouse than like Singapore or Hong Kong.
00:09:58.100We developed through social democracy.
00:10:00.700The first Justin Trudeau, the first Trudeau, Justin's father, Pierre Trudeau, really implemented like a brand of socialism that I think has been like weighing and tugging us down.
00:10:09.120And like when you think about like what the major problems are, it's like it's not you can't just like snap your fingers and say, let's like apply some free market tactics here and there and hopefully fix it.
00:10:20.740Like how do you how do you solve like three levels of government with like massive bureaucracy and busybody bureaucrats with rules that will prevent the kind of growth that we need to recover?
00:10:36.580Right. It's like there's no clear path.
00:10:38.520There's no clear idea of like how that would work.
00:10:40.180So I think whoever becomes prime minister has a work cut out for them.
00:10:43.060I don't I'm not very optimistic that Mark Carney has even identified the right direction to go in.
00:10:49.760Right. I still think he's going to go in the same direction as Justin Trudeau with regards to making our economy even less competitive, imposing even more regulations and barriers that will prevent us from reaching the kind of economic promise of Canada.