The Candice Malcolm Show - March 24, 2020


The Candice Malcolm Show： The economic toll of COVID-19 pandemic


Episode Stats

Length

26 minutes

Words per Minute

194.39449

Word Count

5,188

Sentence Count

270

Hate Speech Sentences

2


Summary

I tested negative for Coronavirus and we're going through a lot of fake news. Canada wildly underestimates the toll or potential toll of the coronavirus, as journalists and politicians continue to mislead us about this disease, plus some good news.


Transcript

00:00:00.160 Canada wildly underestimates the toll or potential toll of the coronavirus.
00:00:05.440 Journalists and politicians continue to mislead us about this disease,
00:00:08.880 plus some good news. I tested negative for coronavirus and we're going to go
00:00:12.240 through a lot of fake news. Candice Malcolm here and this is The Candice Malcolm Show.
00:00:20.480 Thank you so much for tuning in. As promised, I am doing a live episode here,
00:00:25.840 reporting live from quarantine, I guess. I am now in day, I think, 14 or 15 of being self-isolated
00:00:34.000 here at home. I think it's probably good practice regardless of what the government tells you,
00:00:39.280 regardless of how strict the measures are to impose sort of self-isolation or home quarantine
00:00:45.200 measures. At this point, we know that there are lots and lots of outbreaks. There's lots and lots
00:00:49.200 of new cases around where I live, for instance, here in Toronto that, you know, even if the government
00:00:54.960 wasn't telling us to stay at home, I probably would and I would encourage you to do the same,
00:00:59.120 just, you know, for concern for, you know, your own health and safety. But it's kind of interesting to
00:01:05.760 watch the, you know, politicians push more and more pressure for us to stay indoors and for us to
00:01:12.720 basically destroy our own economy, kill large sectors of the economy without any real solid plan.
00:01:21.200 So I'm going to get into all of that. I know Justin Trudeau tried a power grab,
00:01:26.560 he tried to sneak it in. They're debating all the emergency measures today, they're going to pass
00:01:31.680 that $82 billion measure and Trudeau sort of secretly tried to throw in a bunch of measures to
00:01:38.480 give basically his government unlimited power. Thankfully, the Conservative opposition kept him on
00:01:43.440 his toes and hopefully they'll remove all that. So that's all happening today. I am doing another
00:01:48.560 episode of the True North Update, which is a show where my colleague Andrew Lawton and I go through
00:01:53.600 all of the news related to coronavirus. We've been doing it every day for the past week and we're
00:01:59.200 going to continue to do it as long as the whole country is on self-lockdown. So I encourage you
00:02:03.920 to watch that show. It'll be up later on this afternoon, probably around five o'clock. So I'm going
00:02:08.880 to talk about that in that show. I'm not going to talk about this show today. I want to focus in
00:02:12.480 on the economy, on what we are actually doing, the measures that we're taking as a country
00:02:17.520 to prevent a potentially disastrous public health outbreak similar to what we've seen in China,
00:02:24.800 what we've seen in Iran, what we've seen in Italy. We're trying to prevent that but we really don't
00:02:28.400 have a plan. We really have no idea what we're doing and what we know that we're doing is destroying
00:02:35.680 our economy, destroying the livelihood of millions of Canadians. We're going to see just an absolute
00:02:41.600 disastrous outcome in terms of bankruptcies, businesses going out of business, people losing
00:02:46.960 their homes, families falling apart, okay. This is going to be worse than anything that we've ever seen
00:02:53.200 and at this point we don't even really have any idea on like a timeline. Like how long is this going
00:03:00.160 to last? So the Conference Board of Canada came out with a report. They released this report yesterday,
00:03:07.840 The Economic Implications of Social Distancing to August. So this is a scenario where Canadians are
00:03:13.920 homebound essentially until August, August. So we're not talking a couple weeks here, you know, we're
00:03:20.160 talking five months people, five months of staying at home, nothing opened, everyone just kind of working
00:03:27.120 from their bedrooms and hoping that we don't spread this disease to the point where our hospital system
00:03:35.120 collapses. So what would the projection be if we were to continue these measures until August? Well,
00:03:42.560 according to the Conference Board of Canada, I mean, so the report isn't actually released. They said they're
00:03:46.960 going to release a full report on the 25th, which is tomorrow. But the sort of over, you know, the basic
00:03:53.280 bullet point reading here, which is all we have is bullet points, is that in this scenario, they say,
00:04:00.480 the economy sheds 330,000 jobs over the second and third quarter, boosting unemployment to 7.7%.
00:04:10.000 I'm sorry, they project that the total job losses for the country are only going to be 330,000. But we're
00:04:18.080 already way past that. We know that just in one week, last week, after Justin Trudeau announced his
00:04:22.240 emergency measures, that more than 500,000 Canadians applied for EI in just one week. So they applied
00:04:30.240 for the employment insurance scheme that Trudeau introduced. So if 500,000 people are employed after
00:04:35.920 just one week of social measures, how is it projected that we're only going to lose 330,000 jobs? I think
00:04:44.160 that this report, I mean, I haven't read it because it hasn't been fully released yet. But from just, you
00:04:48.480 know, what they've released so far, it seems absolute madness to say that we would only lose 300,000 jobs
00:04:55.440 in the economy, that the unemployment rate would be 7%. Let's just remind everybody, just last month
00:05:01.440 in Alberta, the unemployment rate was 7.2% in February 2020, before any of these social distancing
00:05:07.600 measures. So we're really supposed to believe that the unemployment rate is barely going to move
00:05:11.840 in this country, when they shut down every restaurant, you know, every bar, every theater,
00:05:17.680 every sporting event, you know, they're shutting down the whole country. Anyone who works in the
00:05:22.640 hospitality industry, anyone who works in tourism, they've basically shut down international flights.
00:05:29.120 So lots and lots of people at airlines have been, have lost their jobs. I don't really understand.
00:05:34.640 There was a report from Goldman Sachs down in the United States that projected that the economy was going to
00:05:40.400 contract, the GDP was going to contract by 50%, and that they expected a 30% unemployment rate in the
00:05:46.480 United States. Canada's economy is so incredibly tied to the US economy, that it's really hard to
00:05:51.920 wrap your head around the idea that Canada would only have a 7% unemployment rate, but that the United
00:05:58.320 States would have a 30%. I can't imagine a world where the US unemployment rate was 30% and Canada's is
00:06:04.400 only seven. So if this is the basis of the reports that of sort of the stimulus spending and the
00:06:11.040 government spending that Justin Trudeau is introducing, that the Liberal government is introducing,
00:06:14.400 is based on report like this, you know, we are wildly out of touch with the reality of what is going to
00:06:20.960 happen when you purposefully shut down the entire economy. And I think that the concern that a lot of
00:06:27.600 people are really starting to have is, okay, you know, Justin Trudeau is kind of laying down the law. He's
00:06:32.480 saying it's time for everyone to stay home, we really have to take social distancing seriously,
00:06:37.040 everybody work from home, nobody go out and about, no one, you know, they've closed parks, they've
00:06:42.160 closed all the schools, they've closed basically any public area, you know, they've banned any kind of
00:06:48.560 gathering with more than 50 people. And, you know, they're cracking down a lot less than that, like
00:06:53.520 people who continue to have their stores open, or their restaurants open, are going to be targeted by
00:06:58.480 apparently government officials fining people and arresting people. A woman was arrested in Quebec
00:07:04.560 City for testing positive for this coronavirus, and then being found walking around the town. So,
00:07:10.960 you know, the whole idea is what, you know, what, what is the future of our country going to look like
00:07:17.680 if we continue with these measures? And we're not really being told at this point how long it's going
00:07:22.160 to last, and what the economic repercussions are going to be. So, we know, for instance, that when
00:07:29.120 people don't work, they can't pay their bills, they can't pay for their homes, people are going to
00:07:33.840 potentially move their homes. You know, I know that there's been all kinds of measures taken so that,
00:07:38.000 you know, you can't evict people during this period, banks are going to be giving a lot of forgiveness
00:07:42.640 in terms of mortgage payments, late mortgage payments. But the idea still is that we know,
00:07:49.120 just again, for instance, we know that unemployment rates are linked to suicide. So,
00:07:53.520 this is from a CBC report, it was in Alberta. It said that the analysis looked at suicide
00:07:58.560 statistics and unemployment data between 2000 and 2017. During that time, Alberta's suicide rate
00:08:04.000 was higher than the national average. It was revealed that for every one point increase
00:08:08.240 in unemployment, there's a 3% or 2.8% increase in suicide. And we know that unemployment causes about
00:08:15.840 45,000 suicides a year worldwide. So, you can't just tell Canadians that they're going to lose
00:08:21.680 their jobs potentially indefinitely. Sure, we have boosted EI payments, the government is working.
00:08:27.040 Well, if they pass this emergency spending bill today, the government will be working to provide
00:08:32.080 about $1,800 a month to Canadians who have been laid off. Maybe that's enough to kind of cover the
00:08:36.720 basics, maybe, if you're lucky. But still, a lot of Canadians will just simply not be able to
00:08:42.400 make ends meet. They won't be able to afford their lifestyle. They won't be able to afford the
00:08:46.720 life that they created pre, you know, this coronavirus outbreak. And I don't think those
00:08:52.880 circumstances are being properly considered right now. You know, our number one concern is public
00:08:57.920 health, as it should be, you know, protecting loss of life and protecting an infection spread the way
00:09:03.840 that we've seen in Italy. But the problem is that there's just so much details missing. There's so much
00:09:11.200 missing. And we just don't know, again, we don't, we don't know. So the measures that we're taking,
00:09:16.400 are they permanent? Are they permanent? We're just going to all stay at home for the foreseeable future?
00:09:22.000 How is that going to, how is that going to be realistic? Are people really just going to be
00:09:26.560 complacent and sitting in their homes all summer, all spring and all summer? What are you supposed
00:09:30.320 to do with your kids? What are you supposed to do? You know, how are you supposed to stay at home with
00:09:36.480 kids? And also work from home, right? Like, it just, it just doesn't really make a lot of sense.
00:09:42.000 It doesn't really add up. Now, I have a son, he's one years old. So he's not in any kind of school,
00:09:46.480 not in any kind of daycare. But even still in my life, you know, he's an active little guy,
00:09:52.480 I like to take him out. I like to take him to classes, he has music class, he used to go swimming,
00:09:58.080 go to church group, all that kind of stuff. So he has sort of no social interactions right now. And,
00:10:03.840 you know, that's fine for now. But six months from now, I think we're all going to be a little
00:10:09.920 stir crazy. And I don't think that you can really just ask Canadians to indefinitely wait
00:10:16.240 for something, wait for a cure to be developed, wait for a vaccine to be developed, wait for different
00:10:21.280 waves so that our hospital systems don't get overwhelmed. You know, we have to come up with
00:10:25.920 some kind of a timeline here. We have to come up with a timeline. Otherwise, well, first of all,
00:10:31.120 I don't even know how the government is going to continue to afford these massive payouts,
00:10:35.120 when you have 500,000 Canadians plus applying for EI for, you know, a $2,000 check every two months,
00:10:41.840 every month, on top of all the business bailouts on top of all the bank bailouts, all the,
00:10:47.520 you know, money going increased childcare benefit. I don't quite understand the increased child benefit,
00:10:53.680 because so so families with kids are going to get more money, but you can't even use it for daycare,
00:11:00.000 you can't use it for preschool or for, you know, to sign kids up for more classes,
00:11:05.120 because everything's closed. So sure, you might be getting a little bit of extra cash every month,
00:11:09.760 but you can't really even spend it. I mean, that's that's sort of more of a stimulus measure,
00:11:14.160 as opposed to an income adjustment measure, which is what the rest of the stuff was.
00:11:18.320 So really, I'm seeing sort of a lack of an overall plan for what's happening with this coronavirus.
00:11:25.760 Like, are we waiting for a vaccine? Is that what's going to happen? Because we could be waiting a
00:11:30.240 year, if that's the case. I think that, you know, in order for Canadians to just say, sure, you know,
00:11:37.040 strip away a massive percentage of the economy, I think, I think it's probably closer to the 30%
00:11:42.320 figure that Goldman Sachs put it at. 30% of our economy is just going to disappear. And that's
00:11:47.440 everyone who works in hospitality, works in food and restaurants, hotels, you know, flights,
00:11:52.960 and not to mention a significant cutback in other industries, just, you know, tourism industries,
00:11:59.040 people who come from other places to visit Canada in the summer, you know, think anyone who works at
00:12:03.920 like an aquarium or a museum or anything like that, car rental agencies, it's just, it's all
00:12:09.760 interconnected, it's all going to disappear. And we're supposed to believe that it's only going to
00:12:13.680 result in a 7% unemployment rate. I think that that is wildly problematic. And, you know, one of the
00:12:20.800 the things that Justin Trudeau said in his press conference is that his government always lets,
00:12:27.520 it always lets science and experts guide us, science and experts. Now, I think that's a cop-out
00:12:34.240 because, you know, you're a politician, you're the leader of the country, you're the prime minister,
00:12:39.200 you have to be there to make tough decisions. That's, that's the job. It's a public policy rule. So
00:12:44.160 you can be advised by scientists about, you know, best practices, but even within the scientific
00:12:48.960 community, there's no necessarily, there's no agreement. I see reports on both sides. I see
00:12:54.160 there was a report from Stanford University of a professor saying, you know, we're kind of
00:12:58.160 overreacting. Just look at the, look at the infection rate and the death toll. It's not that
00:13:02.880 high at this point. And yet look at the reaction that we've had comparing it to other things. You know,
00:13:09.200 other people looking at the data saying, no, no, no, it's about to get a lot worse. We need to be even
00:13:12.720 more paranoid. So there's not even sort of a universal opinion among scientists when it comes
00:13:19.440 to this disease. Some people think that the numbers are really starting to level off. Even in Italy,
00:13:23.920 they're not growing the same way. Other people think, no, you know, we need to take more and more
00:13:27.840 measures. So again, they're saying that they're letting the scientists and the expert guys, but I
00:13:32.240 think that there's a real problem in doing that because if you, if you just say that you're kind of
00:13:37.680 alleviating yourself of any responsibility, right? You're saying, well, it's not me that's making this
00:13:41.920 decision. I'm just relying on the experts. Well, who are the experts, right? Who are the experts
00:13:46.720 that you're listening to? Which scientists? It's up to you to choose, you know, to comb through the
00:13:51.040 data and figure out which one is going to lead you. You know, just two weeks ago, the government
00:13:55.840 was sort of laughing at the idea of open borders and saying, no, that's not what we believe. Open
00:14:00.800 borders don't help. The virus has no borders, or sorry, open borders, closing our borders won't help.
00:14:05.200 This virus has no, knows no borders. This is a global effort and we can't close ourselves off at this
00:14:10.880 point. And then, you know, a couple of days later, they did a complete about face and said, okay,
00:14:15.200 now it's time to close the border, you know, way after other people were, had closed their border
00:14:21.440 way after. So just as an example, Donald Trump closed the United States to first two flights from
00:14:29.920 China. He did that way before anyone, anyone else was doing it. And then when he announced the travel
00:14:35.840 ban from Europe, this was March 13th, you know, the experts, the so-called experts condemned him.
00:14:43.040 So right here, viruses don't carry passports. Why travel bans won't work to stop the spread of the
00:14:49.760 coronavirus. So why is it when Trump issued a travel ban, the experts said, no, no, no, that's not going
00:14:58.320 to help. But then when Trudeau does it, it's, you know, a necessary problem. It's a necessary solution.
00:15:03.840 I, I don't, I don't understand how that is the case. And again, Canada's health minister,
00:15:09.200 Minister Hajju, she said, the more countries that have outbreaks, the less relevant borders become.
00:15:14.640 A virus knows no borders. And she said that, that, that closing borders can actually have a
00:15:19.680 contradicting effect because it will allow people to lie and that people will still be able to get in,
00:15:24.160 regardless of whether the borders open or closed. So, you know, were they listening to the experts
00:15:29.600 then, or are they listening to the experts now that they agree and they've closed the borders?
00:15:35.920 Again, this is, this is the problem that I have is that, you know, at the end of the day, you have
00:15:40.480 to choose, you have to make a decision and to just say, well, it's not my decision. I'm just relying on
00:15:44.880 the experts. Like who are the experts? Who determines who is an expert? There's so many people
00:15:51.440 with differing views at this point. Are you going to listen to economists like the folks over at Goldman
00:15:56.800 Sachs saying, you know, we're looking at a major, major collapse in the real estate sector.
00:16:02.000 It could lead to a massive stock market crash even further. Think about how many people are
00:16:05.520 going to lose their livelihood, lose their pensions, lose their savings, lose their house, lose their
00:16:09.840 family. And then you have to weigh that with the health experts that are saying, you know,
00:16:15.360 the only way that we beat this coronavirus is that everybody stay inside and nobody work. And it's like,
00:16:20.480 okay, well, which one's going to look worse in the end? And you really do have to balance and you have to
00:16:24.720 make a decision. So you can't just say, you can't just say, I'm listening to experts because there's
00:16:30.000 contradictions within what the experts are calling for. And even in experts in any given field don't
00:16:36.240 really agree. And I think when you have the news media kind of picking sides, you know,
00:16:41.040 we've seen this throughout that if you are sort of more on the, like, if you, if you like Justin Trudeau,
00:16:48.000 if you're a journalist who likes Justin Trudeau, you look at his response to this virus and you say,
00:16:53.120 wow, you know, he is just a standup guy doing everything he can, makes me so proud to be a
00:16:58.800 Canadian. You know, I saw, I've seen a lot of this on Twitter, the sort of liberal journalists and more,
00:17:04.800 more pro-Trudeau journalists talking about how much they admire Justin Trudeau and how, how proud they
00:17:11.040 are of his response. Whereas then you have sort of more of the skeptical crowd saying, wait a minute,
00:17:16.800 what, you know, what is he doing? Does he have a plan? You know, I'm seeing so many contradictions
00:17:21.920 between what he was saying a month ago, what he's saying now. And then you have the same thing
00:17:26.720 in the United States, you know, you're trying to read through the news about what's happening with
00:17:30.320 the coronavirus. And every news article you read is tainted with this sort of anti-Trump derangement
00:17:36.160 syndrome. You know, if I just want to find out what's happening, you know, reading an article,
00:17:41.520 a news report, supposed to be a news report in the Atlantic or the Washington Post or the New York Times,
00:17:46.720 you kind of have to have a filter and just ignore the like four paragraphs of complete
00:17:51.200 Trump derangement just to just to get through it. So, you know, people keep saying now's not the
00:17:56.160 time for partisanship. Now's not the time to play politics. Let's just focus at the task at hand.
00:18:01.120 But it's really impossible to do that because if people hate Trump, they're not going to be able
00:18:05.520 to write neutrally about what he's doing. And if people love Trudeau, likewise, they're not looking
00:18:10.080 neutrally at what is happening. Someone on Twitter is saying, please discuss the housing market. Well,
00:18:17.120 there was that report in Goldman Sachs. Let me see if I can pull it up because it was pretty scary,
00:18:24.400 honestly. And I feel like one of the things I'm sort of concerned about is I read a lot of news
00:18:30.640 and I'm a news junkie. I will read a lot of reports and I feel like there's a lot of information coming
00:18:35.840 out in the United States. You know, there's a lot of projections, there's a lot of critiques,
00:18:38.480 there's really, really thorough reports coming out, analyzing everything to do with this fallout.
00:18:45.680 And then I look for the equivalent in Canada and it just doesn't really exist. It's not,
00:18:50.960 obviously we're a smaller country and we don't have the same kind of like resources,
00:18:56.160 social infrastructure of, you know, think tanks and, you know, news reports and just a pure
00:19:03.120 number of people working on public policy. But, you know, to say I showed you the Conference Board
00:19:09.040 of Canada report hasn't been released yet. It's really just a one pager with bullet points. It's
00:19:14.400 not really comprehensive. Let's move on. I told you that I had some good personal news to share
00:19:22.160 and I got tested over the weekend for coronavirus. So I will explain what happened and how I got my test.
00:19:28.240 I know a lot of people have been complaining about the fact that the tests are very slow,
00:19:34.080 that once you get tested it might take up to a week. I know people in Ottawa were complaining.
00:19:38.480 And I know that there has been a huge problem with a shortage of tests. I think I got kind of lucky in
00:19:43.040 just the fact that I was able to test because I had been trying to get tested for two weeks. So if you
00:19:47.280 normally listen to my show and you're watching right now, you can tell I'm congested. My voice sounds
00:19:51.760 different. I have a cold I guess. I was in California. I was in the Bay Area where there's a massive
00:19:57.680 outbreak right now. There's been I think a thousand cases in the Bay Area. The Bay Area has been on
00:20:03.360 complete lockdown. Like people aren't even supposed to leave their house at all. And I was there two
00:20:08.560 weeks ago. I got back two weeks Saturday and from the time I got back I didn't really have any symptoms
00:20:15.280 but I was a little concerned just because not only when I was in California, you know, again pretty busy.
00:20:20.560 I had friends there. I had my son so I was taking him out to different classes. And then the night before I left
00:20:26.080 I went to a large fundraising gala. I went to the Make a Wish Foundation event in San Francisco and there was at
00:20:31.680 least 500 people there. And so, you know, once I got home and sort of realizing that there was an outbreak there,
00:20:36.400 I got a little paranoid. I also started testing myself and I had a fever. I had a low-grade fever.
00:20:42.480 So I decided to call the health officials in Toronto and also Ontario. I had a very hard time
00:20:48.000 getting through to them. And once I finally got through on the line after waiting on hold for two
00:20:52.000 hours, one night they basically said, look, unless you're in Iran, Italy, or China, you can't get
00:20:57.360 tested for this virus. So just stay at home and don't worry about it. A couple days later they changed
00:21:03.760 that and said, okay, you know, you can get tested if you're in the United States too because there's now big
00:21:08.080 outbreaks in New York City and California. They told me to call 811 in order to get tested.
00:21:13.760 You call 811 and the line is busy over and over and over and over again. Everyone in my household
00:21:18.560 was trying to call 811 so that I could see if I could get tested. Meanwhile, my fever was getting
00:21:22.800 worse and it was kind of sustaining. When I say fever, it was like testing like 101 in that range.
00:21:31.760 I got as high as 102. Anyway, Saturday morning we finally got through on the line. We waited on hold
00:21:38.480 for over four hours. When we finally spoke to an official, they transferred us to a nurse,
00:21:43.520 talked to the nurse about my symptoms. She advised that I do get tested for coronavirus. So I went down
00:21:48.400 to Toronto Western Hospital, which is the corner of Bathurst and Dundas, and they had created a whole new
00:21:55.040 kind of center. It was just brand new, opened. It had kind of been refurbished to be this testing center.
00:22:01.840 It had just opened. It just opened on Saturday. So I was one of the first people to go in and get tested.
00:22:06.480 It was really, really well done. My hat goes off to the frontline workers there. I know that they're really
00:22:11.600 putting themselves and their own health at risk in order to address this issue. So I went in.
00:22:17.600 Everything was very sanitary. You know, they give you a mask and gloves. You go in one by one,
00:22:21.760 so you're not even interacting with anyone and they're behind a plexiglass. So I gave them all of
00:22:26.160 my, you know, my health card and all my information. They sent me to a private room. I waited there,
00:22:31.520 probably about 20 minutes. The nurse came by. She did the swab, which they swab up your nose and kind of
00:22:38.080 did that. Then a doctor came by, you know, just kind of like a regular doctor visit. I left and
00:22:44.000 they emailed me the results of the test less than 24 hours later. Like by six o'clock the next morning,
00:22:48.960 I had the result. I was negative. So I'm very, very glad and very thankful that I don't have it.
00:22:53.920 And really, I think that the key to addressing this issue and solving it is that everyone needs
00:22:58.960 to get tested. The more people who get tested, the better, because then you have the peace of mind
00:23:02.960 and you know, if you're sick, you have to take quarantine really, really seriously. And if you're not
00:23:07.680 sick, then you can go out and you can continue to go to work and you can continue to have an
00:23:12.240 economy in this country. I think that that is a much better measure than what we're doing now.
00:23:17.920 It's basically what South Korea has been doing, which is testing everybody. Everybody gets tested,
00:23:23.120 focus the resource on making sure as many people get tested as possible. Because I think part of the
00:23:27.520 concern at this point is that we don't know how many people have it. We don't know how many people
00:23:32.240 potentially walking around, not really taking the quarantine measures very seriously,
00:23:36.160 and they have it. And then we know this thing spreads incredibly fast. We know
00:23:40.320 how quickly it can spread and how many people one person can infect. So if we had more knowledge,
00:23:46.400 more people tested, I think we'll be a lot better off. I wish that we were focusing
00:23:50.640 on that as opposed to these crazy to cronian measures to shut down the entire economy.
00:23:55.680 And I know we are going to be talking in depth on my other show, True North update with Andrew
00:24:00.320 Lawton about the extent of the government powers, how Justin Trudeau basically tried a power grab,
00:24:07.760 got caught and kind of had to walk away with his tail between his legs and eliminate some of the
00:24:12.720 things that he proposed. But let me just say this, you know, we're sending out $1,800 in EI,
00:24:21.120 basically welfare to half a million Canadians or more. Okay, that's a lot of money. It's going to add
00:24:30.080 up incredibly quickly. So I think that the whole $82 billion is really just a starting point. That
00:24:35.360 might be like how much money we spend in March. And then we'll have to spend that much money again
00:24:39.600 in April, potentially and May and June. And eventually, we're going to have to pay that all back.
00:24:44.240 Eventually, you know, unless we're going to just default, which would be terrible for the economy,
00:24:49.760 we're going to have to pay that back. And it is going to come from you and me, my friends,
00:24:53.840 from the taxpayer. So I wouldn't be surprised to see massive, massive tax grabs and increases.
00:24:59.920 It's kind of scary to imagine what might happen if you kind of look back to the top tax levels back
00:25:06.400 during the 1940s and 50s, when we were trying to pay back the war efforts. You know, the whole idea
00:25:11.920 of the income tax was supposed to be a temporary measure. It was brought in as a temporary tax to
00:25:16.400 help fund the First World War. It is not temporary at all. It is still here. My colleague over at the
00:25:22.400 Toronto Sun, Anthony Fury, has been looking a lot into this. The idea that a lot of the measures that
00:25:28.480 were introduced and that are being introduced right now are things that the left has kind of always
00:25:33.200 called for. They've always called for, you know, increasing the ability of AI or of EI, sorry,
00:25:39.600 making it available faster, all these other kind of measures. You know, we have to be vigilant. We
00:25:44.880 have to be vigilant. These measures are temporary and that when this crisis is over, the government
00:25:49.280 goes right back to the way it was and that we don't allow them to, you know, continue with some
00:25:55.120 of the surveillance measures or some of the power measures or some of the taxation measures and
00:25:59.200 spending measures that could be really, really potentially bad for our society. So I'm going to
00:26:04.400 leave it at that. Like I said, my colleague and I, Andrew Lawton, will be coming back to you a
00:26:09.280 little later on this afternoon. We'll have a full update on all of the announcements today,
00:26:13.440 all of the latest with coronavirus and the response, and we'll talk a lot in depth about the
00:26:18.880 emergency spending and the House of Commons today and what happens in Ottawa. So thanks so much
00:26:24.960 guys for tuning in. I'm Candace Malcolm and this is The Candace Malcolm Show.