Ezra LeVant talks about Japan's new Prime Minister, Naoto Kan, and the benefits of living in a country that doesn't want to follow the path of Ireland, or Canada, or France, or Sweden, or Germany.
00:19:47.600Yeah, he was finally arrested and he's not doing that in Japan anymore.
00:19:51.400I despise Johnny Somali, except for one reason.
00:19:54.220One reason that I actually love him is that by making such an ass of himself, he helped get
00:20:00.280the new prime minister of Japan elected and in its own way, maybe by being so atrocious and abominable, maybe this chain of events that has come from him has saved Japan.
00:20:12.440Yeah, I recommend visiting Japan if you can precisely because they want to make it hard to visit.
00:20:31.800I'm not going to do a funny voice or anything.
00:20:34.000Just by the words I am about to use, tell me who I am pretending to be.
00:20:39.780We are taking decisive action, transformational investments of a generational nature that will catalyze the economy.
00:20:50.680If you guessed Mark Carney, you're right.
00:20:52.780He's a master at a whole kind of duck speak, as George Orwell would say, a series of words that once you hear them and pay attention to them, you can't help but notice half of his words are these filler words that really don't mean any.
00:21:08.440We're going to catalyze the economy with decisive action, with transformative investments of a generational leader, with decisive action.
00:21:17.160If you think I'm kidding, take a listen to him.
00:21:19.220Oh, here, if you cut through the clutter, you'll hear another important word.
00:23:26.580Canadians have been struggling for a very long time.
00:23:29.000How about these politicians prove that we're all in this together and they themselves sacrifice for a change?
00:23:35.140You know, one of the things that strikes me whenever I listen to Mark Carney is he sounds like he's still acting as the chairman of Brookfield Asset Management.
00:23:45.600So he says we are going to build a stronger economy.
00:23:48.820And we I am I as prime minister, I'm going to go and visit other countries and I'm going to create economic opportunities as if he is still the generator of wealth,
00:24:00.160which is, I presume, what he was supposed to be at Brookfield.
00:24:02.780He says he and he alone through a secretive process will create these national projects.
00:24:09.680One of his ministers said 10 of them have been approved, but actually none of them have been announced.
00:24:13.800Like, I just I just think he believes in a centrally planned economy.
00:24:19.600He doesn't believe in letting the oil patch have a run at things.
00:24:22.900He it's I feel like I'm listening to an investor and he actually is that he still has 600 different stocks.
00:25:06.420I mean, like it is so hard to actually create a business and grow jobs here in Canada because of all these government regulations and taxes in place.
00:25:15.780And, you know, Ezra, like, let's just call a spade a spade.
00:25:19.560Essentially, for the last decade, the government has been trying to spin Canadians that it can create wealth at a thin air by spending other people's money.
00:25:27.720Well, like, how has it worked out, folks?
00:25:41.300Are you even getting better services from the federal government?
00:25:44.100I think most Canadians, Ezra, are going to agree with us.
00:25:47.260And the answer to all of those questions is no.
00:25:49.940So how about the government stop trying to spend money on every more money on everything forever and actually cut spending regulations and taxes and let job creators get to work?
00:25:59.500You know, Franco, I saw some bad news.
00:26:01.700You know, it's coming almost every day.
00:26:04.180A small announcement from one auto parts manufacturer or another.
00:26:08.940300 jobs here, potentially thousands there.
00:26:11.940And it is dawning on me, and I say this very unhappily, that I do think Donald Trump is going to follow through on his plan, or you could call it a threat, to relocate the American auto industry south of the border.
00:26:26.740And I think that the moment we might have had to dissuade him of that has passed.
00:26:34.000I mean, I don't say this with a drop of glee.
00:26:37.400I think that the auto sector is going to be shut down in Canada.
00:26:40.760And it's because there's no electoral college votes in Windsor for Donald Trump.
00:26:47.960And I don't think, I think that maybe we had some time to deal with it.
00:26:53.260Carney's been PM for about, I don't know, 220 days.
00:27:08.340Do you think, like, at the end of the day, they are going to go where they have to go to be able to sell into the U.S. market.
00:27:14.700I just don't think the Canadian market is large enough to sustain those auto factories.
00:27:20.060You know, Ezra, let's really just be honest with ourselves and everyone, right?
00:27:24.320Like, we have, including the prime minister, so you, me, your audience, everyone listening, including the prime minister of Canada, have very little control over the White House does, regardless of what administration is in power.
00:27:43.740And, like, look, if you're a major investor trying to figure out where you want to park your money, like, is Canada really the place that you want to be with all the government's over-regulations?
00:27:55.360Like, let's just talk about natural resource sector for a second, right?
00:27:58.560Well, yeah, you have the no more pipelines law.
00:28:02.060Excuse me, all these regulations are grossing me out.
00:28:09.360You have the hidden carbon tax through fuel regulations, right?
00:28:12.400You have the production cap on oil and gas.
00:28:15.600Like, this is all the stuff that our government of Canada is imposing on Canadians.
00:28:20.320So, like, look, as I said, we really don't have much control over what happens in Washington, D.C., but what we do have control over is what happens in Ottawa.
00:28:30.180And it's Ottawa's policies that have been harming Canada's economy for years.
00:28:34.420You know, by coincidence, Danielle Smith was in Parliament and appeared before a parliamentary committee and was asked questions and made statements.
00:28:45.200And one of her comments was that something that is completely within Canada's control, that we don't need to bargain with the White House for, is getting oil to tidewater.
00:28:56.640We're getting oil to the West Coast or the East Coast or theoretically to the Arctic Coast.
00:29:02.040I don't think that would probably make sense.
00:29:04.460It is by far our most valuable export.
00:29:08.240People might think the auto sector is.
00:30:07.120The answer is a very high level of interest.
00:30:09.060In fact, as an intergovernmental affairs minister and international affairs minister, I meet regularly with ambassadors.
00:30:15.760And virtually every person I have met with has said, how can we get more reliable energy from Canada?
00:30:21.460Right now, we do export through the Trans Mountain Pipeline.
00:30:25.600When that began, everybody thought most of that product would go to the United States.
00:30:29.340Instead, the majority of it is now going to Asia.
00:30:31.780In addition, the way we get our product to Europe is it goes all the way down to the Gulf Coast, gets loaded on a tanker, and then gets sent to places like Poland and beyond.
00:30:40.960And so we think that we should probably be trying to do more of our sales directly if we want to open new markets.
00:30:46.000We think that there is capacity for another million barrel a day pipeline going to the West Coast, maybe another one going to Churchill or James Bay.
00:30:53.340And we'd also like to see Quebec develop its substantial natural gas resources to be able to wean itself off American supply and also be able to support our partners in Europe as well.
00:31:05.340Sort of obvious, not vague, pie in the sky comments, tangible, frankly, the Keystone XL pipeline could probably be restarted with the shortest notice of all of them, because they've actually built a fair bet, including the part that crosses over the border.
00:31:27.040Franco, what a difference between the Premier of Alberta, who's ready to rock and Mark Carney, who says, hey, guys, I promise I'll double trade to other countries, just not with the things that they want, oil and gas.
00:31:39.580Well, you know, Ezra, too, like, let's go back to the beginning of our conversation, because I think it fits in right after Premier Smith's comments.
00:31:46.280Like, actually, the solution would actually mean less sacrifice for Canadians, right?
00:31:51.700Government getting out of the way, repealing Bill C-69, the No More Pipelines Law, the discriminatory tanker ban on the West Coast, and just let job creators to build these major natural resource projects, right?
00:32:04.740That's, you know, billions of dollars in extra government revenue that we could use to build more hospitals, to build more schools, to fix the potholes, to have room to lower taxes.
00:32:14.300So, actually, the real solution here would actually mean less sacrifice from Canadians, more job creation, more wealth.
00:32:21.820What it would mean, though, the real solution would mean sacrifice from government bureaucrats, right?
00:32:27.640Less government bureaucrats to enforce all these different regulations and taxes, and it would have to actually take some honesty and some humbleness from the politicians to actually admit that the real problem is them, and they need to get out of the way.
00:32:41.580Yeah, let me read a line from the CBC.
00:32:44.260They're remarking on Mark Carney leaving Canada again for a week and a half.
00:32:48.280He has traveled so much out of this country.
00:32:51.200I suppose, I mean, he's always been a jet setter.
00:33:00.360Wednesday's address came as Carney is preparing to head on an overseas trip to attend two multinational summits in Southeast Asia that will begin on Friday.
00:33:10.160I haven't really heard of actual jobs ever being created at a politician's summit.
00:33:17.940A summit is for politicians to take photos with each other and hobnob and the exact kind of process stuff that Mark Carney loved.
00:33:26.920You don't need to go to a summit in Southeast Asia to know that you should build oil pipelines in Canada.
00:33:34.980And I don't know why they don't flip open the Keystone XL.
00:33:38.340Right now, we know that's one thing that the Americans want to buy.
00:34:36.500So all Carney did was said he's going to delay it for a year, hold a 60-day consultation.
00:34:42.600But Carney has not said he's repealing it.
00:34:44.680You know, a lot of the stuff that Mark Carney always pushed, and there was a clip of him that we had the other day where he was just talking about so much baffle gab and no one understood what he said here.
00:35:07.280I'm just saying he's just this machine that pumps out, wow, wow, wow, just words and words, and soon you're hypnotized, and five minutes go by, and you say, what did he say?