Rebel News Podcast - August 25, 2026


EZRA LEVANT | Carney's explanation for the trade deal collapse doesn't add up


Episode Stats


Length

57 minutes

Words per minute

177.7

Word count

10,171

Sentence count

473


Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Really one of the smartest guests we ever talked to is David Legg. Smart as a guy, but smart in
00:00:05.500 experience too. He worked as a senior aide to the former premier of Alberta, bringing investors back
00:00:10.960 to Alberta after the NDP had scared them away. We'll have a feature conversation with David about
00:00:15.980 what the heck just happened with our trade deal and why did Mark Carney scupper it. That's ahead,
00:00:21.620 but first let me invite you to become a subscriber to Rebel News Plus. That's the video version of
00:00:25.980 this podcast, just go to rebelnewsplus.com, click subscribe. Eight bucks a month might
00:00:30.980 not seem like a lot to you, but it sure adds up for us. It's how we pay the bills.
00:00:49.820 Tonight, a feature interview with David Legg about the disastrous scuppering of the free
00:00:55.440 trade negotiations. It's August 24th, and this is the Ezra LeVant Show.
00:01:02.260 Shame on you, you censorious bug.
00:01:14.160 Well, I like David Knightleg because he has always a thoughtful take on things. But in particular,
00:01:21.100 I follow him closely on the Canada-U.S. trade file because that's actually where he works.
00:01:27.840 He works on both sides of the border.
00:01:29.700 You know David Legge.
00:01:30.760 He's a former senior advisor to Jason Kenney, who was premier of Alberta.
00:01:34.240 In that position, one of his main roles was to win back foreign investors to Alberta who had been scared off by the NDP and the socialists.
00:01:44.840 Well, now he's observing another battle over trade, and he joins us via Zoom.
00:01:50.100 David, thanks very much for taking the time.
00:01:51.960 I really like your political take on things, but this time it feels a bit different.
00:01:56.120 You actually have been in these kinds of negotiations before.
00:02:01.720 What does this look like?
00:02:03.560 This looks like it seems fishy to me that it broke up and both sides are sort of, well, let me just hand it over to you.
00:02:11.160 What the heck happened?
00:02:14.040 Look, I think, Leser, I think one of the biggest problems is we don't know.
00:02:17.760 And now in the last 48 hours, you have two completely different perspectives on what happened from Jameson Greer, Scott Besson and others who are, you know, pretty frank about the conditions that led to the walking away from the deal.
00:02:35.300 And those descriptions from the U.S. side are at odds with what we heard from the prime minister and what we've heard from some of the others there.
00:02:43.420 And so I think there's a concern. The gossip in D.C. is that Canada felt painted into a corner by the relationship to China and the fact that the U.S. is going after transshipment, which might not be something everyone's familiar with.
00:02:57.200 But that's basically when you get Chinese dominant goods and you do light refining in Canada, put a Made in Canada sticker on them and send them across the border.
00:03:06.080 And the U.S. actually published an important policy paper about a month ago saying calling the great transshipment scam one of the biggest challenges in U.S. trade and named Canada specifically in it.
00:03:20.900 So I'm imagining that that did definitely come up at some point.
00:03:24.060 But the question over the prime minister's comments on national sovereignty and the issue that the China, you know, that our relationship with China, with Canada and China being the only two countries that have imposed retaliatory tariffs means that that is, you know, playing in Washington right now.
00:03:43.340 I think that's bad for Canada and I think it's bad for our profile as a country.
00:03:46.480 You know, when I first heard Mark Carney say the United States demands a veto over who we can do other deals with, this is a violation of our sovereignty, I thought, oh, yikes, that is a violation of our sovereignty.
00:04:00.260 But then I was reminded that that is actually an existing, longstanding part of the U.S.-Canada-Mexico free trade agreement.
00:04:09.760 In fact, we can put it on the screen.
00:04:12.100 I think it's section, is it 3210 or 2310?
00:04:16.500 I'm getting the numbers transposed in my head.
00:04:17.900 That specifically says for non-market economies like China, if any of the three parties, Canada, Mexico, or the United States, do a deal with China, the others on six months notice can cancel and get out of the thing.
00:04:34.760 So it's really important protection.
00:04:37.140 It protects Canada more than it protects the United States, actually.
00:04:40.920 And I never thought of that, but it does make sense.
00:04:43.520 Otherwise, you could have China sort of sneak in to the free trade zone in the way you managed mentioned.
00:04:49.400 But that felt like a bad faith excuse by Carney when I was reminded that that already exists in the trade deal.
00:04:57.540 Now, maybe there was something else that we don't know about.
00:05:01.620 And just why not release why not release the detail to to make it clear to Canadians that their interests are being protected.
00:05:07.760 I mean, the strangest thing ever is to have a deal that was this advanced, that is this important to Canada.
00:05:13.860 This deal is not important to the United States.
00:05:16.080 It's a very hard thing to say, but, you know, there's a delusional quality to the way that some of the premiers are reacting to this in terms of how important Canada is to the United States.
00:05:27.700 We, you know, they depend on us for about 15% of their export GDP.
00:05:31.700 We depend on them for between 75 and 80%.
00:05:35.500 And the relative value of the goods that are exchanged across the border, for us, there are no replacement or secondary markets for most of what we send to the Americans.
00:05:45.920 The Americans have secondary replacement markets for almost everything they send to us.
00:05:51.400 So the relative impact of retributive tariffs on Canadian households is really, really problematic for Canada.
00:05:58.140 The relative impact of tariffs on Canadian goods into the U.S. is very light impact on American households.
00:06:05.220 So we've got a really problematic, you know, functionally problematic negotiating position.
00:06:11.920 We've got a very weak economy, five quarters in a row of declining business investment.
00:06:17.500 We kicked the can down the road since October, and this was meant to be the pressure that Trump deployed using these 338 tariffs
00:06:26.380 was meant to bring Canada to the table
00:06:27.820 because Canada was avoiding any negotiation.
00:06:32.220 It's been over 600 days since, you know,
00:06:35.840 we first started talking about these things.
00:06:37.660 In that time, and this is one of the things
00:06:39.140 I don't understand, Ezra,
00:06:40.920 is the language around the table,
00:06:42.500 even with people that are pretty sophisticated,
00:06:44.160 like Andrew Cohen and others,
00:06:45.380 has been this notional sense
00:06:47.840 that Donald Trump can't be trusted,
00:06:49.580 that there's no point in doing a deal,
00:06:51.360 no deal is better than a bad deal, et cetera.
00:06:55.020 But think of the countries that have gotten deals done.
00:06:57.740 The U.K. is done.
00:06:59.620 They got straight to work and got a deal done.
00:07:01.660 No retributive tariffs, no drama, no melodrama, no passive-aggressive stuff,
00:07:06.580 no hiring DNC operatives into 10 Downing Street and running a campaign,
00:07:13.240 talking out loud about the fact that the midterms could hurt Trump, etc., etc.
00:07:17.580 This has been bizarre to watch, and it's counterproductive.
00:07:21.180 Japan's got a deal done with the United States in that time.
00:07:24.280 Mexico is down the road on a deal.
00:07:27.160 Taiwan's done, Indonesia's done, Malaysia's done.
00:07:30.380 You know, and the point is the president of the United States doesn't get wrapped up in these deals.
00:07:35.560 He trolls, you know, individuals like Trudeau and others.
00:07:40.400 And he made it clear why he trolled Trudeau.
00:07:42.180 And he made that point actually when he was in the Oval Office with Prime Minister Carney.
00:07:49.340 And he's made the point that their strategy has been crystal clear.
00:07:52.260 They're going to reshore manufacturing.
00:07:53.760 They're going to make sure that there is a very kind of clear strategy and approach around how Americans will integrate security issues with trade issues with their border.
00:08:07.800 And Canada and Mexico are critical parts of that.
00:08:11.320 And all of those things kind of are woven together in the U.S. mind in terms of how they're going to address these issues.
00:08:17.640 It's stunning to me that the content of this deal is being kept from Canadians.
00:08:23.760 That the tone that's been taken has been passive aggressive at best and often just very aggressive.
00:08:30.140 You saw that with Webb Kennew's comments and most recently with Premier Ford.
00:08:35.580 And these are guys that have had economies, Webb Kennew in particular, he's got an economy that's completely falling apart.
00:08:41.740 He has turned his province into a complete welfare state.
00:08:45.540 He just blew out his budget by 2x.
00:08:47.540 And it's that kind of economic weakness by these premiers that has meant that Canada has such a weekend in dealing with the Americans at the negotiating table.
00:08:56.460 And yet they want desperately to sort of dine out on, you know, dunking on Donald Trump is sort of the immediate response on these things.
00:09:04.680 But we have over 100,000 Canadians whose jobs are hanging in the balance right now. And it seems like that task has been reduced to a bunch of name calling and sort of political point scoring in a way that I find really troubling because I don't think it gets us where we need to go.
00:09:22.160 And I don't think it conveys strength. And I think that's one of the things you saw even post the Gordie Howe Bridge and the shutting down. I mean, I think the Americans watch all of this. They're very sort of acute, thoughtful, you know, they're playing for keeps and they've got a game plan and they watch every single person.
00:09:43.080 And they've got the psychographics of who they're meeting with and how they're meeting.
00:09:46.120 And I think they've kind of got our number.
00:09:48.580 And I don't like the fact that Canadians are still in the dark.
00:09:52.260 You're getting these numbers coming out saying that Canadians support, you know, Prime Minister Carney's hardball approach on these things.
00:09:58.960 But how do they know why they support this?
00:10:01.200 And how does the media know?
00:10:02.180 I mean, the media, I read an editorial in the Globe and Mail, which had lots of harrumphing and call to arms and this is war.
00:10:07.840 That was a big front spread today.
00:10:09.440 okay well how do they know what happened that we're all taking uh mark carney's very vague
00:10:18.040 analysis of what happened but we all you mentioned the gordy howe bridge where it turns out what the
00:10:24.980 prime minister said was about face saving wasn't really accurate let me play a quick clip of
00:10:29.960 ambassador greer that's the u.s trade rep he was asked about one of mark carney's uh reasons for
00:10:36.800 walking away which startled me carney said it's an attack on french and the quebec culture and
00:10:42.660 i'll never allow that and i thought that's weird i just don't as you say trump is busy doing 100
00:10:48.120 things he's not in the room this very cold-blooded technocratic lawyerly guy um ambassador greer is
00:10:56.060 in the room i can't believe he would take like it just struck me as bs here's what ambassador
00:11:02.860 Greer said. Take a look at this. You speak French, James? I do. So you don't care whether they change some of the language up there, whether they make it? No, I mean, that was a funny fake story. And I don't think that, I mean, I speak French, two of my kids speak French. One of my kids was born in Paris. So I like the Québécois and I like that they speak French. What we don't like is a situation where Canada, the federal government, forces American tech companies to take their earnings and give a
00:11:32.640 percentage of their competitors in Canada. But I understand why the Québécois want to have, you know, French language content and all of that.
00:11:40.720 And we think that's a really valuable thing. And we encourage countries to really, you know, put their own country first and put their national identity first.
00:11:47.240 That's that's actually quite consistent with. So what is that? So what is that about then, Ambassador?
00:11:52.560 There was some reference to the idea that we wanted some of it to be either in English or that English had to be first or something like that.
00:12:00.620 true, not true? That is not true. I can tell you that's not true. I think that's just, I don't
00:12:06.820 know what that is about. I mean, it's what I said. There are countries like Australia and like
00:12:11.900 Canada where they go to somebody like Netflix or other streamers and they say, okay, you make X
00:12:16.620 money, you're going to take 5% of that and you have to give it to Canadian content producers
00:12:22.140 or Quebecois content producers or Australian content producers. And that's what you have to
00:12:27.500 do. And we think that's a tax, a discriminatory tax on American companies. But we have no problem
00:12:32.940 with with with French language. We like it. We think it's great. So I thought that I thought it
00:12:38.540 would have been the French, English, bilingual labeling labeling stuff. But it's if if the U.S.
00:12:45.120 trade rep is to be believed and he he sounded pretty calm and credible about it. It was the
00:12:51.280 Netflix tax that goes to subsidize Quebec TV stuff. And he's saying, well, that's a tax we
00:12:57.360 don't want to pay for it mark carney translated that into a they're attacking our french fact
00:13:02.880 this is an outrage i think that carney weaponized everything spun it almost beyond recognition
00:13:11.020 so he could get the entire crowd of people with pitchforks saying yeah we hate the americans
00:13:16.980 nobody has seen the real reason i don't know maybe uh ambassador greer is a liar maybe i don't know
00:13:23.660 who he is but boy it sounded like a credible explanation to me as opposed to the extremely
00:13:28.640 vague they're attacking our sovereignty and culture line by carney yeah look i i think they
00:13:35.440 could solve all of this by just releasing the canadians a very clear readout of what the core
00:13:40.960 issues are none of these things are secret uh none of them right i mean there are elements of
00:13:45.860 practice and negotiation that are you know things you keep under wraps there are certain things that
00:13:51.700 might come back in the next few months that you want to keep under wraps in terms of there being
00:13:56.700 a strategic imperative that you don't want to show. But basically the broad contours of a debate
00:14:03.080 like that one in particular really should be in the public square and that should be discussed
00:14:08.160 and defended by the prime minister if he took the view that he saw what Jameson Greer was describing
00:14:13.760 as the Netflix attack, as a subtle attack on Quebec identity or language. I'm concerned that just like
00:14:19.920 we saw two years ago. We're in a political season where the prime minister is trying to secure a few
00:14:26.060 extra seats and that he's willing to play hardball for the purposes of, you know, gaining support
00:14:32.580 for his party, not only because they're ideologically opposed to Republicans and
00:14:38.000 conservatives as a party, but that there's danger in playing up some of these dynamics
00:14:44.820 with this florid language about attacks on sovereignty simply because those play politically
00:14:50.220 in a moment where there's some election dynamics at play. And I think the problem that I see
00:14:56.700 underlying all this, Ezra, is while other countries have just gotten on with it and acted like adults,
00:15:01.720 we've sort of dined out, again, on trying to dunk on the U.S. president in ways the Americans can
00:15:06.900 observe and see that are often, I find, just off-putting and juvenile. But, you know,
00:15:14.820 More deeply, we've had five quarters of consecutive loss of business investment.
00:15:19.680 It was just covered yesterday in the Wall Street Journal.
00:15:22.060 A lot of the FDI, we've got the job story that the prime minister is referring to is principally an Alberta job story right now.
00:15:29.040 And Alberta has gone the other direction on almost every aspect of the strategy around this trade agreement and around the relationship with the United States.
00:15:37.240 Now, Alberta is interesting because, you know, I was there.
00:15:40.060 We worked intensely on getting KXL revived after the Obama, you know, team killed it.
00:15:47.080 We did get it revived.
00:15:48.340 But I spent a lot of time in D.C. and a lot of time meeting with senators from both sides of the aisle, the Democrats, the Republicans.
00:15:54.540 We met with congressmen.
00:15:55.840 We met with the governors of every state that it would cross.
00:16:00.200 And there's just an enormous need for there to be a very strong North American partnership on energy security.
00:16:06.640 We have long reserve life assets that they don't have, and they need our assets to refill the National Petroleum Reserve.
00:16:14.300 And I think the reason the president mentioned KXL by name, it's now called something different, Southport Bridger, under the name of the new entity that will be the proponent of it.
00:16:25.640 But I think that'll get done.
00:16:27.420 I think Alberta's got a very strong hand to play.
00:16:29.680 We've played the diplomatic cards before when we were first constructing it.
00:16:34.300 That'll happen again.
00:16:35.060 I think the premier did a great job being at the inauguration and meeting people. I was there,
00:16:39.700 I saw the effort that she went to to build bridges with individuals across the cabinet,
00:16:45.860 and I also saw that Canada was MIA compared to other countries, particularly Mexico,
00:16:51.700 who knew that this issue was coming. Anyone that read Stephen Moran's paper in November 2024 knew
00:16:58.660 exactly what was coming down the road, and a lot of countries got to work on it, like the UK,
00:17:03.460 like Japan, like Mexico. And Canada has played this different strategy that I don't think is
00:17:10.020 working. And I think now that guys like Jameson Greer are being asked very straightforward
00:17:14.140 questions and answering those questions in straightforward ways, it begs the question,
00:17:18.040 why are Canadians still in the dark of what the content of this is so that they can decide if
00:17:21.880 they support it or not? I went down to Washington for the inauguration as well. I had a very quick
00:17:27.000 meeting with the premier she had booked a conference room in the heart of washington dc in
00:17:33.920 a nice hotel and she had a whole team there and she was just putting through meeting after meeting
00:17:38.620 after meeting it was yeah it was incredible to see like it was a factory an assembly line and
00:17:44.760 she didn't miss a minute i mean how she kept her head straight with like 20 meetings a day i don't
00:17:50.240 know but she was there and and then at night i saw her at some social events and she she walked
00:17:57.860 around like she was working it holy smokes and here's the thing she's been doing that for 18
00:18:03.940 and then she went down to mar-a-lago and even when there were setbacks along the way she never allowed
00:18:08.720 her tone to get angry or insulting it was always business like you know she kept in mind what is
00:18:15.420 my outcome i want i want export markets i don't want tariffs i want jobs i like it was so clear
00:18:21.480 she was thinking like a grown-up i can't you you talked about wab canoe and doug ford has been
00:18:27.000 outdoing himself with the childishness i acknowledge that donald trump throws around
00:18:31.560 the odd schoolyard taunt from time to time that's sort of his signature and every other country in
00:18:36.640 the world has managed to work around that i mean you don't it's like i i whenever the new prime
00:18:42.940 minister in the uk the new foreign minister they're always asked about their former mean
00:18:47.620 comments about trump because they've all said mean things about him every one of them has enough
00:18:52.540 self-discipline to say well that was before and or you know like they they handle it they don't
00:18:59.040 revive it and rip off the scar and pick at it and doug ford has been there's no way to understand
00:19:06.680 his behavior unless you think he doesn't actually want to deal like there's no even someone like him
00:19:15.480 who i i have some criticisms of he must know that his conduct is counterproductive
00:19:21.960 and mark carney must know it and carney hasn't stopped him from doing it so i ask you david
00:19:28.440 does it make sense that carney and and doug ford does the theory make sense that they actually
00:19:35.960 wanted to scupper the deal is it more a political win for them to be anti-trump anti-american
00:19:43.480 and by the way if they went to an election today they'd get a super majority
00:19:47.000 is that more important to them than getting a trade deal gosh i hope not as i really hope not i
00:19:53.960 mean look the transience of this political moment the president will only be there for less than two
00:20:00.840 two more years now right um we have a generational opportunity to create an extraordinary free trade
00:20:06.840 zone that brian already dreamed of when he first started this process in 88 and actually fought
00:20:14.440 an election in 89 do you remember this the shamrock summit and then he did the u.s canada free trade
00:20:19.720 deal he led with that and then they brought mexico in later i mean that's led to 40 years of
00:20:24.840 prosperity for canada in particular because we are the luckiest country on the planet we have
00:20:30.120 so much natural wealth. We're right next to the world's largest economy, $32 trillion economy.
00:20:36.840 They are our closest friends. We have full security integration.
00:20:41.320 We have in front of us one of the most extraordinary generational opportunities to
00:20:45.480 create unparalleled wealth and prosperity between these two countries. And what the president
00:20:51.880 is doing is actually not personal. I mean, he throws taunts and of course he trolled.
00:20:59.340 Trudeau came in and said, if you do this thing, you know, we won't even be a country.
00:21:02.840 And that's why the president said, well, then you're the 51st state and called him Governor Trudeau.
00:21:08.540 And he went through that narrative with Mark Carney sitting next to him in the White House to make it clear that there was a context around that taunt.
00:21:15.820 Is it juvenile? Yeah. Is that part of the way that he rolls? Yeah, it is.
00:21:19.460 But other countries are getting these deals done that actually closed their deals now with the United States.
00:21:24.160 And we are still in this weird psychology of saying, we shouldn't do a deal because you can't trust them to keep the deal, etc.
00:21:30.980 And I think that kind of self-defeating narrative has gone too far.
00:21:36.060 We now have over 100,000 jobs, which, you know, call it 40,000 in Ontario specifically, maybe 25, 30 in Quebec, another sort of 15, 20 in BC.
00:21:49.660 There'll be residual job losses, call it 5,000 in Alberta.
00:21:52.800 But the problem, Ezra, right now with kicking the can down the road from here is that these 338 tariffs are devastating.
00:22:01.660 And they were devastating for the purpose of bringing Canada back to the table.
00:22:05.620 And by now walking away from this table at this point, you're going to see, you know, whole chunks of the garment industry based out of materials industry based out of Montreal closed down.
00:22:18.260 And once they're done, they're done.
00:22:19.940 Again, you know, you can't go back.
00:22:21.840 We are going to lose key parts of the forestry industry to the United States now.
00:22:27.940 This is not a moment to let the natural ideological differences between the Liberal Party of Canada and the Republican Party of the U.S.
00:22:37.000 or the distaste that the Liberal Party guys have for the President of the United States take a front seat in the way that we're negotiating for the sake of key industries
00:22:46.800 that need to be protected by, you know, really thoughtful negotiations.
00:22:52.040 That's why it's so important, I think, to release the detail on what we walked away from
00:22:56.860 and why we walked away from it, because there's just too much.
00:22:59.900 It seems like it's just too tempting for a lot of these politicians to use this as an opportunity
00:23:04.180 to grandstand or turn it into a grievance contest,
00:23:07.220 because it is politically popular not to like the current president of the United States.
00:23:12.280 But that's so superficial, and it's going to be pointless in six months
00:23:16.720 when people have lost jobs permanently
00:23:18.600 and the country has lost its momentum.
00:23:21.420 It's very hard to describe.
00:23:23.160 And I noticed the prime minister took time
00:23:25.060 to sort of try and reassure people
00:23:26.620 that we have GDP growth and job growth.
00:23:29.740 It's outstripping the Americans.
00:23:30.980 But, you know, he was talking off the top of his head
00:23:33.340 one time about how Canada is the source
00:23:36.420 of all the semiconductors in the United States
00:23:38.480 and how if we shut those down, they'd be in real trouble.
00:23:41.160 We're not the source of American semiconductors at all,
00:23:44.980 less than 1%.
00:23:46.000 But this was treated, this was not interrogated by the media in any way.
00:23:50.280 It was treated by him as, you better watch out.
00:23:53.340 And the Americans watch that stuff and just shake their heads.
00:23:55.860 They feel like they're dealing with somebody who's deeply insecure, and they feel like
00:23:59.140 they're dealing, now I think they feel like they're dealing with somebody that is mischaracterizing
00:24:04.040 on purpose core elements of the deal they were offered for whatever his political purposes
00:24:09.240 are, the upcoming election or some of these other dynamics to try and maintain political
00:24:15.920 control but they look at that and they know who they're dealing with and i'm worried about it
00:24:19.920 because i think it undermines the country forget for a second conservative and liberal because i
00:24:24.960 think sometimes we want to turn everything into sort of a red shirt versus blue shirt dynamic
00:24:28.720 we're talking about an opportunity that is so extraordinary and it feels like we're dithering
00:24:34.440 it away on schoolyard taunts and it's incredibly frustrating to spend part of the time in the
00:24:40.780 United States, part of the time in Canada, and see the vast difference. None of this is covered at
00:24:46.200 all in U.S. media. I mean, you get one or two stories in the New York Times, that's it. No one
00:24:51.560 is paying any attention at all. We do not make a dent in their economy, you know, and the big
00:24:57.980 problem is that the lack of honesty, I guess, on the part of our political class and the people
00:25:06.240 that are in our media class in trying to create this extraordinary melodrama around these things
00:25:11.920 rather than just chasing it down like the managerial process to be solved is creating
00:25:16.520 compounding the difficulties and the complexity of needing to go back to the table whenever that
00:25:23.560 will be in two months or you know as some have been saying out loud after the midterms you know
00:25:29.700 Wab Kanu had this idea that Trump is going to do terribly in the midterms and that'll show him he
00:25:35.120 also raise the idea that Trump is being humbled by Iran.
00:25:38.400 I mean, this is crazy talk from a leader in Canada to be using, even if it was true, which
00:25:43.520 it isn't right now.
00:25:44.940 The polls don't say that's true.
00:25:46.300 You just think, what is this guy doing?
00:25:49.160 You know, this is a guy that's turned his own province into a welfare state.
00:25:52.680 He's deciding to throw cheap shots and dunk on the president.
00:25:56.620 It's really weird.
00:25:57.840 The contrast between Wab Kanu and Doug Ford on the one hand and Daniel Smith and Scott
00:26:02.560 Moe on the other is quite interesting.
00:26:05.120 And I saw today that Doug Ford, I mean, Doug Ford for the last few weeks, when he's trying to say what he's going to, oh, I'm going to do things, I'm going to cut off the electricity.
00:26:15.060 Okay, I don't think you are, but that's 1% of American electricity.
00:26:20.720 I'm going to cut off oil.
00:26:21.960 I'm going to cut off minerals like potash.
00:26:24.140 You're the premier of Ontario.
00:26:25.780 Those things that you're just describing are illegal to do, most likely violation of contract, et cetera.
00:26:31.000 But you're not the decider.
00:26:32.540 The potash comes from Saskatchewan.
00:26:35.120 The oil comes from Alberta.
00:26:37.100 And by the way, you know, all the oil, all the oil that goes to Ontario passes through America.
00:26:42.880 Yeah, it goes through the United States.
00:26:44.320 It passes through America.
00:26:45.260 But I see now that Ford says he wants to get Danielle Smith on the phone as if he is going to recruit her to shut down Alberta's oil industry.
00:26:58.240 I didn't see that.
00:26:59.040 Well, Paul Vieira, who is with The Wall Street Journal, reported that he's going to call her to, I presume, try and get her solidarity, solidarity to destroy the economy, not to build the economy.
00:27:13.420 No aid there to build the economy.
00:27:15.420 And I hope that she stays far away from this because her strong reputation with America as being collegial and professional and not – that's what he actually wants to destroy.
00:27:29.040 that and the thing about the two minutes of hate which is an orwellian concept where we all hate
00:27:35.440 the external enemy together we try and outdo each other who hates them more that's what they're
00:27:40.220 doing to trump you've had 10 years of priming the pump every regime media in canada is anti-trump
00:27:46.660 and some of them have some reason to be but you cannot feed 40 million canadians a steady diet
00:27:53.100 of trump is the new hitler trump is a pedophile which wap canoe actually said and then of of
00:27:59.620 course when you then style yourself as the anti-trump you're going to get political wins
00:28:02.900 off it danielle smith does not want to do that but the fact that she's not doing it is a kind
00:28:08.340 of repudiation of doug ford and wap canoe the fact that alberta is still doing well while ontario
00:28:13.080 i would hate to be an auto worker and that's the thing is all these you know keyboard warriors
00:28:19.580 are saying, well, if there's a price to pay,
00:28:22.000 we're in this together.
00:28:23.240 Andrew Coyne's not losing his job.
00:28:26.080 Politicians are not losing their job.
00:28:28.340 Show me an auto worker
00:28:29.660 in some of these marginal plants in Ontario
00:28:32.580 who's thrilled by this outcome.
00:28:34.640 You can't find such a person.
00:28:36.340 It's the chattering classes
00:28:37.640 for whom this is an orgasmic anti-Trump moment.
00:28:42.060 Yeah, and I think the problem is
00:28:44.480 it's so superficial to what the potential is.
00:28:47.820 Ezra, I think this is the thing, you know, and I think Doug Ford is masterful at somehow reading the political tea leaves, so I wouldn't deign to comment on, you know, his choices in some respects.
00:29:00.340 But the problem that I see is, I don't hear anybody articulating a positive vision for where Canada can be.
00:29:06.780 We've had a decade of the worst decline in productivity rates in the OECD, right?
00:29:12.560 We're the worst.
00:29:13.420 That's really hard to do.
00:29:14.460 That's out of 40 countries.
00:29:16.400 and we are a nation that is closest to the largest economy in the world and we have
00:29:21.300 the most opportunity of just about any nation because we only have 40 million people and we've
00:29:25.820 got this extraordinary resource base but we've stood in our own way for a long time and now
00:29:30.660 you know we're dealing with the consequences of that after a decade of doing that and you know
00:29:35.860 there's things that I think we have to pursue and do as a nation that will be great for our
00:29:39.500 sovereignty you know that I long advocated that we need to get our energy out to the uh out to
00:29:45.720 Europe through the East Coast, you know, we could double what we're sending off to China, India,
00:29:51.420 Japan, Korea from the West Coast. We will get South Bow, Bridger, the new KXL done. Eventually,
00:29:58.640 Alberta will go for 5 million to almost 10 million barrels. And when we do that, we will be
00:30:02.880 rivaling Saudi Arabia as the most important energy producer in the planet. That's what's
00:30:07.500 in front of Alberta. You know, that's one of the greatest opportunities. When we worked on
00:30:11.320 the plan in Alberta, we realized that one of the greatest impediments to foreign direct
00:30:15.620 investment was that our tax rates weren't even remotely competitive with most of the states in
00:30:21.340 the U.S., let alone globally competitive. So we lowered ours from 12 to 8. We could easily go down
00:30:26.560 to 5. And still, we made more money at 8 than we ever made at 12. I think the model holds if we go
00:30:32.660 to 5. But the point is, Canada's got to understand increasingly, and what the Trump team is
00:30:37.980 introducing Canada to, is the vacation from history is over. You can't keep banking on the fact that
00:30:44.320 you could just send your cars to the United States.
00:30:47.320 You have to create an environment
00:30:49.120 where the innovators can build in this country.
00:30:52.860 We have a huge brain drain problem,
00:30:54.920 the worst ever actually in Canadian history
00:30:56.920 of bright young people deciding to move.
00:30:59.260 Most of them are moving to the United States.
00:31:00.820 You had a recent study that was just done
00:31:04.120 that I saw, it was extraordinary, 517 startups,
00:31:07.720 $4.4 trillion worth of wealth.
00:31:10.720 And almost all of it was with Canadian founders involved, and all of it had gone into the United States.
00:31:17.220 It was, you know, led by Canadians in the States where they were receiving capital.
00:31:21.700 The capital that you can raise in the United States gets tax treatment that makes sense to risk it all.
00:31:27.840 And so people do. And that creates a great environment.
00:31:30.960 But where is the plan in Canada to set aside the trade discussion?
00:31:35.700 Where's the plan in Canada to cut our taxes so that people can take home more than what they do?
00:31:39.540 to control immigration so that it becomes a brain magnet from the best and brightest around the
00:31:45.500 world instead of the current situation where it's a fraud magnet for criminal and terror syndicates
00:31:50.020 right what are we doing what are we thinking right where's where's the where's the reduction
00:31:55.720 of this obese bureaucracy that's now 80 percent more expensive and 50 percent larger than it was
00:32:01.620 in 2015 where when are we going to stop you know using the federal government as a philanthropy
00:32:07.860 for failed business models like Telesat and others
00:32:10.880 that have been given more money
00:32:12.760 than their entire market capitalization
00:32:14.700 basically to try and use SpaceX
00:32:16.900 to imitate a Starlink model.
00:32:21.000 What are we doing?
00:32:21.640 Why not just do the deal with Starlink?
00:32:23.540 You know, like where is the sophistication?
00:32:27.820 And if the government tries to,
00:32:29.460 you know, what I heard the prime minister say
00:32:30.900 was in light of this walking away from the table,
00:32:33.860 the obvious issue he's got is
00:32:35.340 you've got all these jobs on the line.
00:32:36.880 And what he's already saying is, don't worry, we're going to print more debt and we're going to try and throw money around to favored industries and figure out how to do it.
00:32:44.300 And again, this is not, that's not a real economy.
00:32:47.460 Every time you do that, you just deepen the hole for the next generation to try and have to fill with real economy jobs they create.
00:32:54.240 So I think the biggest issue behind everything is the opportunity that's in front of us right now is to create a nation that can be an opportunity society and attract the best and brightest from around the world and give our kids.
00:33:06.880 the chance to build the best companies of the future and to build a great trans north american
00:33:15.040 market economy that would be the greatest free trade zone on the planet and if if we let resentment
00:33:21.040 and a grievance contest get in the way of building something that that rises to the occasion of what
00:33:26.400 we wish for our kids and grandkids then all of it is going to everyone's going to forget all this
00:33:31.120 all these current theatrics and all the name-calling you know what they're going to remember is is that
00:33:38.640 there are there are jobs being built there are new mines being mined with new materials being
00:33:43.760 put into new advanced materials that have created uh a massive structural competitive advantage for
00:33:50.160 the west over adversarial countries and instead what we're seeing is the adversarial con countries
00:33:56.640 seem to have us uh you know on on the uh on a short leash and we're turning all of our firepower
00:34:05.880 against the americans our our allies and we're in bed with the chinese it's extraordinary to watch
00:34:11.820 let me ask you about that because let me try and tell you four data points anecdotes really and you
00:34:19.420 tell me if i'm seeing things i don't want to be like that that meme of the guy with all sorts of
00:34:25.140 strings on the billboard on the on the court board trying to make a conspiracy work but
00:34:30.880 let me let me tell you four things um number one is our prime minister mark carney going to china
00:34:38.500 saying he wants to be part of a china-led new world order calling china a strategic partner
00:34:45.960 and agreeing to accept 49 000 chinese-made vehicles a year as the starting point so that
00:34:53.520 That was sort of shocking.
00:34:54.520 You can see it on Scott Moe's face to hear him say New World Order.
00:34:58.180 And Scott Moe thought, oh my God, what am I getting into?
00:35:00.760 Here's a quick look at that.
00:35:01.760 And I believe the progress that we have made in the partnership sets us up well for the
00:35:09.100 New World Order.
00:35:13.380 That's anecdote number one.
00:35:15.220 Anecdote number two is CSIS has warned us that there are at least 11 members of parliament
00:35:22.020 whose elections were potentially compromised by Chinese interference.
00:35:27.360 And they had a lot of detail, like shipping in Chinese nationals to vote in nominations
00:35:33.060 to win the liberal nomination, where it was a sure thing in the general election.
00:35:37.080 We see MPs like Sean Chen or Michael Ma deeply embedded in the Chinese Communist Party,
00:35:43.220 going back to China frequently to participate in Chinese events there.
00:35:47.720 Not even hiding it.
00:35:49.460 And then, so you have this general acceptance that China is assisting the Chinese.
00:35:56.440 Mark Carney knows Xi Jinping from his days at Brookfield.
00:36:00.900 And then let me give you two more things.
00:36:03.860 These are my data points.
00:36:04.920 You tell me if I'm seeing things.
00:36:07.120 Someone sent me a reminder that in 2019, when he was the governor of the Bank of England,
00:36:12.340 And Mark Carney gave a speech at Jackson Hole about replacing the U.S. dollar as the world currency of choice, the reserve currency.
00:36:21.920 And I found the speech about 20 pages long, and he does.
00:36:24.880 And he says the Chinese renminbi, the Chinese currency, is the leading contender.
00:36:29.640 And we need to move away from American domineering, he said, to a multipolar world.
00:36:36.600 And he sort of outlined the best ways to do that.
00:36:38.560 So seven years ago, he's talking about changing the currency to stop America from being top dog.
00:36:44.660 And then the final data point – so imagine I'm in front of a corkboard with strings and my hair is a mess.
00:36:52.740 Just today, a Chinese government propaganda site had lavish praise for Carney walking away from the deal, calling it a China-style response, saying –
00:37:07.100 Emphasizing that only China and Canada did this and calling Canada a former close ally of America.
00:37:15.760 So I've just put to you my case that maybe Mark Carney actually is living out his World Economic Forum dream, his Davos dream of trying to remake the world into a multipolar world rather than an America-centric world.
00:37:32.360 That's of some concern to me.
00:37:34.520 Am I just whipping myself up in a paranoid conspiracy theory?
00:37:39.440 No, I don't. Look, I was saying to a couple of friends, I think everybody used to think conspiracy theories were, you know, too much to bear until COVID.
00:37:49.700 And then you started finding out that everything you thought was a conspiracy theory was partly true.
00:37:55.720 You know, how interesting to see Dr. Fauci start to be held to account for the extraordinary misleading quality of what took place in the U.S. that Canada borrowed heavily, unfortunately.
00:38:10.160 But no, so I think there's three or four things that are really important.
00:38:15.500 I think one thing is the foreign influence of China in Australia, Canada, the U.K., and the U.S. is extraordinary.
00:38:25.000 And again, Canada has been on a vacation from history
00:38:27.520 that the Australians had to deal with more directly.
00:38:31.220 And the Americans have certainly been dealing with.
00:38:33.180 In fact, they've just given an ultimatum
00:38:34.660 to a lot of their top research universities
00:38:36.720 because they've realized that a lot of these so-called grad students
00:38:39.440 were actually the Chinese operatives
00:38:41.980 that had already had deep training in the field
00:38:44.280 but were coming in to take as much as they could out of labs.
00:38:47.540 You know, Canada has lost one of its great national champions,
00:38:50.680 Nortel Networks, to overt theft.
00:38:52.980 We've had, we had the Infectious Diseases Institute, you know, we had obvious, we just have extraordinary material security breaches all the time in Canada, with respect to China. But there's a lack of, there's a lack of attentiveness to it, the press doesn't seem that interested. And you have, especially in Vancouver, you know, real collusive problems with Chinese triads, Mexican cartels, money laundering that again, doesn't get much plays.
00:39:21.580 So you don't need to be a conspiracy theorist to worry about the effect of China on Canada, on Canadian security, and especially on the dissident community in Canada that is constantly fearful, much like the Persian dissident community is, because we allow horrible people into this country.
00:39:40.080 The Jewish people, you know this, Ezra, are fearful because the lack of control on the borders and the lack of seriousness in the federal government with respect to letting in Hamas, Hezbollah, and IRGC agents by the hundreds.
00:39:53.000 So, you know, if you look at China, China is not Hamas, Hezbollah.
00:39:56.440 China is extremely sophisticated, very intentional, and they have a multi-vector strategy around influencing foreign nations.
00:40:04.900 And Canada is an extremely important nation to influence on our own terms, but also because we are such a close ally of the United States and because we're part of the Five Eyes intelligence sharing with the United States, which is one of the reasons we are so closely targeted, along with New Zealand, Australia and the UK by the Chinese.
00:40:23.920 So there's a lot to what you're saying.
00:40:25.280 I think one of the things that I've noticed about people that have done a lot of time in Davos or the United Nations or other multilateral organizations is they tend to want to treat all countries as one country, one vote.
00:40:39.620 And with that kind of comes a certain sort of moral relativism or ambivalence about which country is which.
00:40:47.700 Every country gets a vote.
00:40:48.740 And what that leads to is this almost clownish outcome where you've got human rights commissions that have a who's who of the world's worst terrorist countries on there.
00:40:59.480 You know, it's almost it's it's an open mockery of the idea of human rights.
00:41:03.860 When you look at who's on the United Nations Human Rights Council, the International Criminal Court, something that Canada should absolutely walk away from.
00:41:14.080 Unfortunately, it was helped. It was set up by somebody that is now in Carney's circle, inner circle.
00:41:18.740 But it's a disgusting organization.
00:41:21.340 It's run by people that are intentionally trying to use their status to go after Western nations.
00:41:28.900 And again, if you try and treat every country like it's one country, one vote, then you create one vote for a failed state like Somalia and one vote for the world's most important superpower.
00:41:41.280 And in many ways, the country is doing its best to articulate Western supremacy in a value system like the United States.
00:41:48.740 And so I think, oddly, there's a pride or an arrogance that slips in when you start spending your time in these multilateral institutions, that you see everybody through this sort of sense of moral clarity, and that the screening that you do is about who gets to call things from their perspective.
00:42:08.740 And you've got all this kind of confusion around what actually makes countries work, what makes countries great.
00:42:14.300 The reason that the Americans are laying down a line, a very clear line in the sand on China is because China has made it crystal clear that they are absolutely going after dominance in very specific areas and places.
00:42:29.300 And they've also shown a tendency to operate with their own people. The Chinese Communist Party is a very small percentage of China. And as you know, I ran businesses in China with their own people.
00:42:42.760 They show a heartlessness that is extraordinary when they're dealing with any sort of dissident ideas, any conventions, like every communist country, anyone that comes up with a faith convention or observance that they do not agree with because they're communist Chinese, they will have those people killed.
00:43:03.480 They'll enslave people openly.
00:43:05.520 And so what the Americans have done with China is they've said very specifically, we expect every country to abide by the rules that we're deploying against China.
00:43:15.940 And that includes transshipment. You can't simply have China send things to you and then you become sort of the proxy that puts a Made in Canada sticker on it and sends it down to us.
00:43:24.020 That's not going to work. So we want assurances on that.
00:43:26.140 We also want absolute guaranteed assurances that any of the products that you bring in aren't made by slave labor, by the eagers, which includes, of course, EVs, which is one of the reasons, there are two reasons the Americans don't like the EVs.
00:43:41.200 One, the source of the labor and the EVs and the fact that it's state-sponsored in a way that creates a playing field that's not leveled for companies that are sort of private market companies.
00:43:54.660 But the second reason is because EVs are like huge iPhones on wheels.
00:43:58.320 They're just huge data collection instruments that can be used for a lot of purposes by a foreign adversary if they're distributed in your country.
00:44:05.480 Same reason they're concerned about consumer drones made in China.
00:44:08.520 Canada can no longer take the view that that's just an American perspective and we have friends in China, too.
00:44:14.100 That may feel good as sort of like we're wearing the referee's jersey and we're not in the game, but we are in the game.
00:44:19.920 And we have to start to realize we're in the game.
00:44:22.140 And to the extent that we don't realize that we're in the game, the Americans will have no problems just telling us EVs made in China are not going to cross the border or telling us that there are MPs that they will not permit to have in briefing sessions or they'll simply cut us off from key intelligence.
00:44:38.000 I think that when you look at what we're doing, that the foolishness going on with what we're deciding to do with military procurement, the F-35s, there is a lot that China is intensely interested, so is Russia, in having a Canada that continues its current military decline.
00:44:57.060 Only 40% of our air force is even serviceable.
00:44:59.940 That means only 40% of it can even get in the air right now.
00:45:02.920 It's a complete decline.
00:45:05.240 And yet we've dithered on just core competencies and core equipment,
00:45:10.440 almost all of which under our NORAD agreement should be American equipment.
00:45:14.660 But again, this sort of grievance contest mentality is turning even the most important
00:45:21.500 self-protective measures like our integration in the U.S. systems, data and otherwise, into a
00:45:27.740 sort of, you know, we'll decide whether or not we want to be integrated in NORAD. I mean, it's
00:45:34.280 just extraordinary to watch some of these things taking place and hearing people say out loud
00:45:40.460 things that would have just been unconscionable only a few years ago, but because of Donald Trump
00:45:44.360 suddenly become part of the storyline. You know, you mentioned the fact that one of the reasons
00:45:50.340 China targets candidates, were part of the Five Eyes and sort of super friends of NATO, like the core allies that have a high trust level.
00:45:58.940 And my theory on Sean Chen, the Chinese Canadian MP who announced his resignation saying, I had a terrible car accident and I can no longer travel.
00:46:08.900 And then we see him in China yucking it up.
00:46:12.100 Yeah.
00:46:12.980 And so why did he resign?
00:46:14.780 my theory was he was so deeply uh entwined with the chinese communist party and this isn't an
00:46:21.800 accusation this is me looking at social media is that i'm i think maybe i don't know the cia or
00:46:28.960 fbi said to canada you just can't have this guy in caucus anymore because why would he resign
00:46:34.700 with a fake excuse and now he's running for a local toronto city council like it was it i don't
00:46:40.940 Again, this is a theory, but there's so many Chinese Communist Party assets, it's really boggling.
00:46:50.580 And I don't know, we might all think that, oh, well, it's just Canada.
00:46:55.220 We're surely not that interesting, but we're extremely interesting to China,
00:46:58.900 whether it's our resources for China or to deny our resources to America or the defense of the North.
00:47:06.480 Those are all interesting points.
00:47:09.220 And our integration, you know, Ezra, I think it's important to say, you know, I wrote an op-ed on why I believe that we should help China replace the heavy crude that they lost from Venezuela, the 500,000 barrels they lost from Venezuela with Canadian heavy crude.
00:47:27.300 And some of my friends were a little confused, like, oh, I thought you didn't like the China thing, but that's not the point.
00:47:33.580 You know, if we're in the great game, we are not on a vacation from history.
00:47:36.820 We just felt like we were because we've always kind of hung on to America's coattails.
00:47:40.960 But the fact is, America is not against Canada having a very strong energy trade with China.
00:47:47.900 In fact, if anything, if you notice what happened in the Ukraine war, if you have cross-cutting energy commercial relationships between Canada and China, that's a point of leverage with China down the road.
00:47:58.600 Because we will be, you know, up to 15% of their grid capacity will be fueled by Canadian fuel.
00:48:05.200 it's a great trade. It's worth trillions to Canada. It's worth energy security to China
00:48:11.960 that doesn't want to rely solely on Russia for their energy. You're displacing Iran and Venezuela.
00:48:18.700 Yeah, and that Venezuelan crude now goes into U.S. refining. Why don't we refine it and send it
00:48:23.180 here? Why don't we, well, that stuff has got to go into their teapot refineries. It's one of the
00:48:27.220 reasons it's so important to them. But the point is, as Canadians, we don't have to sacrifice our
00:48:31.800 sovereignty to the United States. We just have to have a game plan for our own prosperity.
00:48:35.920 And Jameson Greer said something very interesting in that clip that you showed. He said very
00:48:40.420 directly, look, we are for national identity. We are for the French speaking French in Canada
00:48:47.340 and in Quebec. We like that, right? We support that. They're not expecting us to come and be
00:48:53.160 subservient or servile in the way that we negotiate our trade or who we choose to trade with.
00:48:58.980 But what they have to be clear on is transshipment, which is a violation of the rules and would affect us terribly if the U.S. did it to us.
00:49:07.640 They have to be clear on the security issues around the way in which we interact with China and the kinds of deals we do.
00:49:15.040 And they have to be crystal clear on the dynamics of us having a shared border with them and Arctic security.
00:49:21.100 And so I think, you know, those that want to pretend that everything that the Americans are asking for is somehow an impediment to us showing sovereign kind of autonomy and being masters of our own house, I just say, what is the plan for Canada?
00:49:36.580 Where's the positive economic, political, and military vision for this country to be great in the world?
00:49:41.300 Because we can be.
00:49:42.100 We can be the richest.
00:49:43.380 You know, I've often said Alberta is the richest single democracy in the planet.
00:49:46.760 There's nothing even close.
00:49:48.240 5 million people, trillions of dollars in core assets, all tradable, all rights sitting right
00:49:54.240 next to the largest market for those assets, sitting just across the ocean from the largest
00:50:00.020 market, other markets for those assets. That's just one province. And that one province is
00:50:05.680 wealthy enough to carry the entire country of Canada, has been sort of through the shell game
00:50:10.720 of federal transfers for the last 15, 20 years. But, you know, a vision for Canada that shows
00:50:17.000 what we can do and become that would be exciting for your kids or grandkids to say of all the
00:50:21.960 places in the world that I would want to set up a business or raise a family or build something
00:50:27.440 great or dream. It should be Canada and it can be Canada. But as long as we're walking around
00:50:34.020 with this grievance mentality about the current U.S. president and treating opportunities to do
00:50:39.260 a great trans-continental free trade zone with them and a totally integrated air data and
00:50:46.820 military and naval uh system with them then we're just kind of dithering and i think the sad thing
00:50:52.760 is it's reactive it's passive aggressive and it's not worthy of what this nation was founded to be
00:50:58.160 yeah you know if if mark carney was serious about finding other markets he would at the tail end of
00:51:07.080 his speech the other day have announced that the west coast pipeline was hereby approved if he if
00:51:13.120 was really treating this as a wartime moment to improve our economy he would have greenlit
00:51:18.480 that pipeline along the trans mountain path to bc yeah i i i think that in some ways
00:51:25.120 he's an unserious man he announced an end to interprovincial trade barriers what was that
00:51:30.000 a year ago he made an announcement hasn't happened yet i i don't know i mean on the surface he comes
00:51:36.480 across as very serious very learned very worldly yeah but um if you said to me point to an achievement
00:51:44.560 he has well i don't think that what happened two days ago or three days ago was actually an
00:51:49.440 achievement i mean if the goal was as he promised i will get a deal with trump i'm the trump
00:51:54.080 whisperer i can make it happen i'll get i'm sorry he failed so making a big oh he did he did himself
00:52:00.960 Well, Ezra, you really did it. I mean, you and I have both worked in politics.
00:52:05.920 You know, when I was the premier's principal advisor, we'd have these moments where you'd sort of slap your forehead and think that wasn't a good choice.
00:52:12.840 His decision to vacation in Tuscany in the middle of this moment where there's over 100,000 jobs in four core industries hanging in the balance was a terrible decision.
00:52:24.380 And I don't know what his advisors were thinking. I think there might have been people he needed to meet.
00:52:30.100 And by the way, I'm one of these guys that actually I support, you know, our prime minister.
00:52:37.800 I want to see 24 Sussex rebuilt and become a great place to host people.
00:52:41.680 I want to have a good wine list. I want to have great dinners.
00:52:44.200 I don't begrudge prime ministers staying in big houses with security around them.
00:52:49.100 They need that. I like them hosting world leaders.
00:52:52.260 I don't care if they're liberal or conservative.
00:52:54.080 They need to have great planes. They need to have great security personnel, close protection.
00:53:00.620 They need to be looked after. I don't begrudge any of the money that gets spent on diplomacy or security or gives them a break when they need a break.
00:53:10.300 Right. But there has to be some some coherence to just how extraordinary the economic moment we're in is.
00:53:18.240 And I don't know if I'm just one of these guys. It's too much of a nerd that reads the economic numbers.
00:53:23.020 But Canada is in a world of trouble right now. And the idea that you're going to go to Tuscany a week before this extraordinary trade deal closes and then come in and be sort of the PR guy for why you walked away, it's a terrible look for a guy who is, I think, very bright.
00:53:37.340 And I think that, and again, this is the same problem I have with after the Gordie Howe Bridge debacle, with the temptation that he's got to try and want to play the political side of this for his own benefit, his party's benefit.
00:53:54.080 At the same time, we've got all of this, you know, potential, you know, just complete decline of core industries.
00:54:03.620 The longer that the scene drags on, it's not going to get easier to negotiate with the Americans two months from now, right?
00:54:10.560 It just won't.
00:54:11.380 There's nothing fundamental changing at the table for the Americans.
00:54:15.440 It's certainly not for us.
00:54:17.020 We're in our fifth quarter of business investment decline, the fifth quarter.
00:54:22.020 And the sort of, the lack of, I think the press,
00:54:26.700 you and I have talked about this a lot,
00:54:27.940 but the press is doing us a real disservice
00:54:29.380 not to really get stuck in on
00:54:32.600 what did Jameson Greer just say?
00:54:34.880 And how does that not square up
00:54:37.120 with what the prime minister told us
00:54:39.000 and what Dominic LeBlanc is saying?
00:54:40.860 And how are we going to make this stuff square?
00:54:43.000 Not because you need a gotcha moment
00:54:44.620 or the liberals need to lose
00:54:46.140 and the conservatives need to win a point or whatever.
00:54:48.380 It's because there's so much
00:54:50.380 that hangs in people's lives when we get this stuff wrong and in the future of the country when
00:54:55.380 we get this stuff wrong and i i'm really concerned after the last sort of three four days since the
00:55:01.940 walk away that that we're not being serious about what's at stake at this point and that i don't
00:55:08.220 know how the how the chessboard shifts from here but you sense from the americans that they've sort
00:55:14.420 of had it and they're going to go on to other things and work on other projects and work with
00:55:18.040 other countries but Ezra why are other countries like the UK and Japan getting these deals done
00:55:23.420 and Canada keeps telling us telling ourselves like a mantra that you can't do a deal with this guy I
00:55:29.940 don't get it yeah well we'll have to leave it there David it's great to to learn from you so much
00:55:35.640 about so many aspects of this and we're really grateful for your time I know you're a big fan
00:55:41.260 favorite with our viewers and I know you're traveling so we caught you late at night where
00:55:45.560 you are thank you for taking the time look forward to keeping in touch yeah i'm sorry you probably
00:55:48.800 heard thunder and lightning in the background there so well suits the mood for talking about
00:55:53.820 our trade our trade situation take care my friend thank you very much okay take care
00:55:58.840 i think david leg is one of the best informed commentators on this because he's not just a
00:56:07.540 commentator he has sat in the rooms on these deals as you know when he worked for jason kenny the
00:56:13.960 former premier of Alberta, his job was bringing international investment back to Alberta after it
00:56:19.800 had been scared away by Rachel Notley and the NDP. So this is what he did for years. And even now
00:56:25.840 he's working as an international businessman and investor with lots of stuff going on in the state.
00:56:31.020 So he's not just a pundit on Twitter with no skin in the game. He's someone who's been part of
00:56:36.020 economic successes and is watching what he fears to be an economic failure. And so odd that it
00:56:42.220 comes at the hands of the prime minister one would expect on paper would be so strong economically.
00:56:47.880 I am worried. And I think his reference to NORAD and the Five Eyes and security is very much on
00:56:55.220 point. I always learn a lot from David and I'm grateful that he's so generous with his time.
00:57:00.420 Well, that's our show for today. Until tomorrow, on behalf of all of us here at Rebel World
00:57:04.600 Headquarters, to you at home, good night and keep fighting for freedom.
00:57:12.220 You