⚠️ BOMBSHELL CTV Report Spells Trouble For Carney
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Summary
A budget that Prime Minister Mark Carney has said can be characterized as one of both austerity and investment, can t be both? Let s bring in the front bench to unpack politically what it all means.
Transcript
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uh that the government is on you know on a track to bankrupt the countries mark carney is in some
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serious trouble last week as i showed you the propagandists at cbc were calling him out
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now ctv is turning on him as well let's watch the video that could end mark carney's political career
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a budget that prime minister mark carney has said can be characterized as one of both austerity
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and investment let's bring in the front bench to unpack politically what it all means former bc
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premier christy clark is here she's a senior advisor with bennett jones marco mendicino is
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the former chief of staff to prime minister mark carney and a former liberal cabinet minister
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former conservative industry minister james moore is with us he's now a policy advisor at edelman and
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rounding us out this evening here in studio former federal conservative cabinet minister monty solberg
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he is the ceo now of new west public affairs hi everybody good to see you uh monty it's great
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pleasure to have you here in studio missing everybody else i will start with you on this one
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i was saying just in the break like this is the interim uh uh pbo so he doesn't have a long gone
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everything but he is really swinging high here like he is not holding anything back what's your
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take on what he is saying today well my take is first of all happy birthday to marlene pauliev
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uh join the chorus yeah very nice lady uh but you know he's obviously very concerned about this he's
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a professional uh he's assessed this he's looked at the numbers he has declared that it's unsustainable
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meaning uh that the government is on you know on a track to bankrupt the countries did you hear that
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ctv is now admitting that mark carney is on the path to bankrupt this entire country
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now i tried to warn people pauliev tried to warn people basically every conservative
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influencer with a platform tried to warn canadians now ctv is jumping on board and telling canadians
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what they should have already known the problem is they're about six months late but just wait this
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video gets worse as it goes along so they've got to get their act together you can't have it both
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ways and say you're going to invest but it's also prudent i mean this is just the height of weasel
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words and they're going to have to find a way to get the uh spending in line or else we're going to
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see our interest rates rise we'll see inflation spike i mean there's all kinds of uh serious
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implications if they don't start to treat this seriously so marco what is your take on i guess
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kind of the communications around how the government intends to approach this because i
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think particularly through the campaign there was a lot of talk from prime minister mark herney about
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you know exactly what monte just spelled out like a real point of demarcation for example between
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himself and the previous prime minister particularly in rhetoric i'm speaking but then since then you
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know there's been a little bit more confusion like does it mean attrition on the public side does
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it mean actual cuts is there you know what will be operating spending what will be investments like
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what is your take on where the communications are and where they need to be well i believe the
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communications are rooted in the prime minister's economic credentials which are beyond reproach he's
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got experience having managed two significant global crises one the global recession 2008 and then
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brexit uh in the uk and i think that was a large part of the way in which he grounded his his case
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to become prime minister and to form this government now that said there's no doubt that the pm pbo has
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signaled stormy waters on the economic horizon and so i think three things need to happen one the
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government definitely has to reduce the deficit and there's clearly work to be done there but signaling
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that a reduction significant reductions around certain operational expenditures to maximize efficiencies
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is important two we need to spur on growth and i think that the government's announcements around
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major projects and i would highlight lng2 is a way in which you can see jobs created and get energy to
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market and three i think the government has to take full advantage of low interest rates to reduce the
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service debts charges which also place a burden so doing those three things and certainly seeing that come
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to fruition as quickly as possible is a way in which the prime minister not only through his communications
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but through his actions and the government's actions can continue to keep the trust of canadians
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when it comes to steering the economy through this global turmoil do you think james though that thus
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far the communications from the federal government have been as clear as what marco just laid out
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no look for nine years um you know we were told you know hear us now believe us later that deficits
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are going to be good because it'll lead to economic growth it may not happen right away but in the fullness of
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time this is all going to work out well now here we are nine years later after people saying these
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aren't deficits these are investments and now the fiscal anchors are blown we had a contraction in
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the economy jobless rates are up investments are down and it didn't work the nine years of trudeau
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failed they are literally admitting on live tv that trudeau's policies were complete garbage they're
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saying the same thing that conservatives have been saying for 10 years to give them credit it's better late
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than never but just wait this video gets worse as it goes along and by the way i was struck by two
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numbers in the report the number 68 billion dollars are just north of 68 billion dollars of what's
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projected to be the deficit for this year i did a little bit of math i thought you might like this
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bashi 68 billion dollars put this number in context based on market cap and current evaluations of
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canadian companies and organizations this is what 68 billion dollars looks like in the current economy
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68 billion dollars would buy you the toronto maple leafs the montreal canadians the ottawa senators the
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winnipeg jets the winnipeg the uh edmonton oilers the calgary flames the vancouver canucks the toronto
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blue jays the toronto raptors air canada west jet lululemon canadian tire and you'd have a few billion
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dollars left over that's the scale of the deficit that we're talking connor mcdavid james that's the
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question yeah well yeah about a billion left over for conor mcdavid but but these are staggering
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levels of indebtedness and of course it's stacked on top of sub-national provincial levels of debt
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of indebtedness in british columbia and ontario that are also unsustainable we're on a bad track
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and i hope that prime minister carney can can match his words with his actions but it's going to be a
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very very tough pivot i think one of the just jumping off if i if i've internalized what james said
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right and i'm i hate to say it but do i have to buy the montreal canadians among everybody else
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anyway i'm joking i'm joking don't hate me um i'm a leaves fan and i'm now now now the hate mail will
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really come now just a quick note i can't stand this woman now is not the time for playing games
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we have immigrants taking over our streets taking over our parks we have an economy that's set to crash
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and this is while crime is completely out of control and this woman has a lot of nerve making
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jokes about hockey teams hockey teams like get a grip our country is in serious trouble right now
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and this woman's got a lot of nerve i'm really glad that polyev cleaned her clock during a recent
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interview and if you haven't seen it check out that video after you watch this one chrissy if i
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if i've kind of internalized what james is saying right i think one of the key points that i would say
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you know might inform or should inform communications is if you decide that there is still a lot to spend
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on what you are labeling as investments you you need to do more than tell canadians that they will
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get a return on that investment which is i think where like the the gap existed with the trudeau
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government right like often we were told x y and z will materialize in this way and that didn't end
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up being borne out so maybe you have to be more specific and there have to be more sort of i don't
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know what but guardrails or something that show that you will be held accountable for that um what are
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your thoughts on that communication well i think obviously communications can always be better
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government's really busy and they you know they sometimes miss the the key points i think they
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still got some time to make those points i heard minister champagne saying today look that or yesterday
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that they're going to keep their guardrails are going to be um balancing the budget and getting their
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gdp uh to debt ratio under control in three years which makes a lot of sense given the massive mess
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that justin trudeau left them with and i think the key communications things and the key actual
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things that they need to be doing are saying we are going to spend less and i don't think this idea
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that they're going to do this you know what's ultimately a pretty small cut to the public service
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that would get it only back down to 2020 levels is something that they should be thinking about
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expanding so talking about how they would actually spend less because in the trudeau government
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what he was doing is he was figuring out how to spend more on public services and at the same time
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smothering economic growth which is how we pay for those services now i love how almost every
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commentator on the show is just ripping carny to shreds i guess those millions and millions of dollars
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in bailout packages couldn't buy the liberals positive coverage but just wait you haven't even heard
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the worst of it yet so i think the carny plan has got to be we are going to spend less and we are
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going to create economic growth but the reality is the only way you can create economic growth and i
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know this from my uh almost eight years in government is you have to invest in in economic projects like
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ports like railways like pipelines exactly this woman's 100 right now remind me is there a single
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politician in canada that talks about pipelines hmm oh i know a guy do you support the prime minister's
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decision to veto the northern gateway pipeline mr carney uh i i understand the veto of the northern
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gateway pipeline supported both given both environmental and commercial reasons do you support it i think it
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sensible i wasn't involved in the decision but i think it was the right decision and yet your company
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has invested billions of dollars in oil companies in both brazil and the uae to buy pipelines uh you've
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uh you bought uh billions of dollars of pipelines as a company in the last five years do you support those
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investments uh mr polyev there is a global energy system and one of the issues uh i'm trying to explain a
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bit of how the economy works uh one of the issues well it may help uh one of the issues for this
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committee and thinking about a sustainable transition do you support it where is canada's
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role in those in those uh as energy transitions from fossil fuels to renewables and in different
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jurisdictions into different geography it matters it matters and this is a fundamental point yeah i'm
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so this is a fundamental i'm sorry you're finally getting the time point you've exceeded the time
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relevant to this committee's what you're what you're what you're saying is you oppose pipelines
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in canada but you support them in the uae and in brazil that's what you've actually said they're a
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specific that's your double standard it is not a double standard it is a double standard no it's not
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you make billions of dollars off foreign pipelines and you shut them down here at home putting our
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people out of work that's right that's peer polyev the leader of the opposition in case you
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haven't heard of him he's been talking about pipelines and in my opinion that video between
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carney and polyev that should have been the end of carney's career unfortunately canadians didn't
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get the message but i'm sure they're getting the message now and while we're here if you're enjoying
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this episode don't forget to like and subscribe let's continue watching ctv like mining uh mining
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infrastructure that's how you grow the economy that's how you create jobs and that's how you create
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the tax revenue that you need ultimately to get yourself out of a deficit situation you cannot
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when the economy is the way it is right now with the mess that justin trudeau has left you cannot do
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this no one can do it without actually spending a little bit of money to invest in economic growth
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i think the the issue is that there's also monty though other things that they have committed to
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spending money on that canadians have to be fair to the trudeau government come to rely on
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like child care like the canada child benefit um like dental care like pharma care which they have
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said that they will and i should be fair the conservatives said during the election that they
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would maintain the current services the canadian access to like those are big line items as well
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so other than the public service where else do you find you know spending time well as pierre
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polyev said in his interview with you a few days ago there's 12 billion dollars in spending on
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consultants that could go away i think canadians would cheer that i think the government needs to
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move quickly to clear away the no more pipelines legislation get some of those major projects moving
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i mean you do have to have economic growth and it doesn't require money to do that it requires
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the government to provide some certainty to companies that are risking hundreds of millions and billions of
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dollars and have signaled over and over again for a decade they need that certainty so where is it
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why is the prime minister cavorting around the world with the other world leaders when he should be at
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home making sure that those major projects actually get underway where's the certainty that could come
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from repealing that legislation that's standing in the way from increasing economic growth that's what
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he needs to be doing i think to be fair your take on that my yeah go ahead i'll get your i was just
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going to say my interpretation and this is what i put to mr polly when he raised the same thing is
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their belief is i'm not saying this is right or wrong but their belief is that c5 will will provide
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that certainty by allowing it to override the the stuff that you're talking i know the argument is take
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it all out where is it where is it and i'll give the floor to marco go for it yeah look uh to be clear i
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think the fact that we not only introduced but passed bill c5 does set the conditions for a faster
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approval the one project one review is a way in which you can cut through some of the redundancy
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and see those projects uh get shovels in the ground and that's exactly what the prime minister
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did a short time ago and there's another tranche of announcements that are coming and now we want
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to see those projects get built i will say i do think it is important that as part of the overall
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economic agenda that the prime minister continues to bolster our trade relations abroad and that's what
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he's doing in the uk that's what he did in mexico and certainly that's what he's continuing to do
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through a very set of sophisticated negotiations with the united states so you got to be able to
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do both it's not just about your ability to do trade abroad you also need a domestic economic agenda
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and by having c5 passed with major projects by launching building canada homes to double the
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amount of housing starts that we see every year by reinvigorating and creating a new defense industry
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spending you're going to be able to create canadian jobs and get the economy firing on all cylinders
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yeah okay buddy just another liberal word salad who brought this idiot on anyway
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but the the i guess the sort of central like cleavage point is if i if i'm listening to
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everything in the aggregate james like you know yes you're saying you're going to cut spending i
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understand that do you need to invest a ton in order to spur economic growth or are there you know
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other things you can do in concert to maybe mitigate some of the level of investment like
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i'm not sure it seems like we'll wait till november to find out the answer but what is your thought
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yeah i mean look he will i think offer to try to do some of that but but you know there's clear
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evidence that are there are some failed government policies that aren't working that are bad for the
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economy and wasting a lot of money i mean the build canada homes project that marco just outlined i mean
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it's great they're booking 14 billion dollars it's great in thematics but if you look at the the uh
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the development community across canada they're all looking at this and saying this is crazy this
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doesn't make any sense you know 14 billion dollars for a few thousand homes like it doesn't make any
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sense at all and the scale of spend is as outrageous relative to what the return would be
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this is the supply and demand issue with all kinds of regional development issues that doesn't
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require 14 billion dollars from the government of canada to be funneled through bureaucracy it's a bad
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policy and we've already spent 750 million dollars you talked about yesterday on your show bashi 750
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million dollars on a gun buyback program that hasn't recaptured a single firearm in this country
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or made anybody safer like if you can't if you can't admit the obvious stuff that has failed is
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all around you and you can't sort of reverse course on those policies the prime minister has shown some
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leadership and done that one on carbon pricing and a few other policies that made sense to reverse on
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but on the spending side i hope there is some courage shown in the november budget because there's some
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there's some debris at his feet that is easy to sweep aside of failed policies that cost a lot of
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money that would do a lot of good in order to get our fiscal balance back in the right direction
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and there's more than that yeah i mean i would say the federal government should be thinking about
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figuring how how can they have fewer departments in government you know they've got a whole bunch of
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departments that just double up with what provincial governments are already doing which is in
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provincial jurisdiction many of those could be slimmed down or some of them eliminated entirely which would
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mean we save a lot of money in what we spend without cutting public programs and it isn't but
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i will just finish with this it isn't accurate to say that provincial and federal governments don't
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need to spend money to stir to spur the kinds of economic growth we need for the resource sector
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governments do need to invest in ports that's not being entirely done by the private sector and it won't
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be government builds highways that's not done by the private sector for the most part and it isn't and so
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we've also they are also going to have to think about um working with first nations and whether
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there are going to be uh monetary settlements involved in that i mean and training workers so
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there's a lot of government spending that needs to be made in order to support the growth of the economy
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and in order to support the investment that should rightfully come from the private sector
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uh in our resource sector and i think that when they say they want to spend that's i think what
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they're talking about so that's it as far as i'm concerned carney is done when ctv left-wing ctv
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taxpayer-funded ctv liberal mouthpiece ctv is calling you out you're done carney's either going to be
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forced out or he's going to resign he's done mark my words mark carney is a con man he misled canadians
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about everything he misled canadians about his ability to deal with donald trump he misled canadians
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about his ability to deal with the economy he misled canadians about everything he's a con man
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he's a criminal he needs to go and i'm about 95 sure he will go that's all i have for today
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thanks for tuning in talk to you tomorrow patriots