The Candice Malcolm Show - Trudeau climate obsession is making our economic problems much worse

00:00:00.120 Justin Trudeau's singular focus on climate change is making our economic problems much, much worse.

00:00:05.760 I'm Candice Malcolm and this is The Candice Malcolm Show.

00:00:12.500 Hi everyone, thank you so much for tuning in.

00:00:14.160 I hope everyone out there had a wonderful weekend with their families or doing whatever it is you like to do.

00:00:20.360 At my house, we were having a birthday party.

00:00:22.960 My youngest daughter is turning one and so we had a one-year-old birthday party.

00:00:27.340 I don't know if you've ever been to a one-year-old's birthday party, but it's really more for the parents.

00:00:31.740 The baby or the one-year-old doesn't really know what's going on.

00:00:34.780 It's a little like overwhelming.

00:00:36.500 You know, people are, there's balloons and there's lots of kids running around and they do this whole cake thing, which is like very confusing for the baby.

00:00:45.600 So anyway, it was a lot of fun over at my household.

00:00:49.620 And, you know, while we're sort of taking moments off to enjoy the little things in life, the picture out there, the economic picture is looking pretty gloomy.

00:01:00.240 And I'm going to focus the show today on just doing a snapshot of the Canadian economy, looking at where we are and sort of comparing that with the things that our prime minister is talking about, what his focus is and what the media is focused on.

00:01:13.680 Because the media being the media isn't really doing their job.

00:01:17.000 Sure, there's sporadic coverage of the various economic crises that are on the horizon.

00:01:21.580 However, that's not the main focus.

00:01:23.220 You know, the main focus of the media is cheerleading behind the liberals and all of their harebrained schemes that are coming out of COP26.

00:01:31.100 The focus is on sort of petty partisan squabbles that are happening in both the liberal and the conservative party.

00:01:36.200 And what we're not seeing is really a comprehensive look at some of these various economic issues in the country.

00:01:43.460 So I want to talk a little bit about that and kind of give you a ballpark picture of just how badly Justin Trudeau is screwing things up in our country, how reckless and irresponsible he is by coming up with these pie-in-the-sky green schemes, which will not save the planet.

00:01:59.460 They will not reduce carbon emissions.

00:02:00.820 What they will do, though, is make our economic suffering much worse and create a very potentially dangerous situation for Canadians.

00:02:10.100 So, look, the reality is that COVID-19 is still here.

00:02:14.800 You know, we were promised that if we all went out and got vaccinated, life would go back to normal.

00:02:19.000 The economy would open back up.

00:02:20.160 We would stop having to wear masks and life would go back to normal.

00:02:24.260 Of course, that didn't happen.

00:02:25.640 That didn't happen.

00:02:26.420 We all went out and got vaccinated.

00:02:27.460 And then now we just see the constant moving of goalposts.

00:02:31.320 So, you know, at first it was we talked about this last week.

00:02:33.740 At first it was two weeks to stop the spread.

00:02:35.700 That was almost two years ago.

00:02:37.600 And then it was, you know, everyone get vaccinated and you don't have to wear a mask anymore.

00:02:41.220 You can go back to normal.

00:02:42.180 Then now it's, you know, vaccinate your little children and go get a booster shot.

00:02:47.780 And, you know, there's no end in sight.

00:02:49.740 They won't give you a hard number of, you know, what percent vaccination we need to see before we can go back to normal.

00:02:54.800 We don't get a timeline of, you know, how many cases, what case level there has to be to go back to normal.

00:03:02.080 That's all up the window.

00:03:03.360 They're keeping vague because they know that the health experts and the politicians know that when they make specific promises, they don't keep them.

00:03:09.880 So they just keep things vague.

00:03:12.020 They don't provide the specifics that we're looking for.

00:03:14.560 And that way their words can't be used against them.

00:03:17.400 But back to the economic issues and the sort of fallout from COVID that we're still experiencing all over the world.

00:03:23.560 So first, this story is from BNN Bloomberg.

00:03:25.920 It says Canada's employment engine shifts into lower gear.

00:03:29.200 So the number of Canadians in the labor force shrunk in October.

00:03:32.920 It actually went down.

00:03:33.900 We lost 25,000 jobs.

00:03:36.160 It shed 25,000 jobs according to a Statistics Canada report.

00:03:39.220 The bulk of the gains in the month were in pandemic exposed retail sector, which returned to pre-pandemic levels with a net gain of 72,000 jobs.

00:03:47.680 However, there were huge job losses in other parts of the economy.

00:03:50.960 So elsewhere, games stalled.

00:03:53.100 Employment in goods-producing industries went down by 6,200.

00:03:57.460 And public administration also posted a decline.

00:04:00.480 Of course, it had jumped up in huge numbers in September because of the federal election.

00:04:04.960 Federal election requires the hiring of thousands and thousands and thousands of temporary poll workers.

00:04:11.820 So that those are the public administration jobs that were sort of fake jobs for the month of September.

00:04:16.380 Now they're gone and we're exposed to how anemic our economy is.

00:04:21.720 So, of course, this is what happens when we live in a society where people don't trust the rules.

00:04:26.460 They don't trust that the rules of the game are going to stay the same.

00:04:30.100 No one wants to take a risk.

00:04:31.180 No one wants to go out and start a business right now, whether it be a restaurant or opening up a store or going into some kind of any kind of business.

00:04:40.620 There's real hesitation by small business owners and entrepreneurs about what the rules are going to be one month, three months, six months from now.

00:04:49.280 So you don't see that sort of economic engine that's driven by small businesses and entrepreneurs.

00:04:55.020 And then at the same time, of course, you have this really tight grip in terms of the tax and regulatory regime in Canada,

00:05:01.820 which already suppresses the sort of entrepreneurial spirit in the country.

00:05:05.880 So you kind of have these dual issues at play.

00:05:09.020 I'm sure there's other issues at play as well, which we'll talk about some of the supply chain issues in this show.

00:05:14.160 But really, as a society, we've just become painfully risk-averse.

00:05:17.540 We see that with all of the COVID rules, the fact that there are so many people who comply.

00:05:21.600 You know, they don't want to contract COVID.

00:05:23.180 They don't want to be exposed to COVID.

00:05:24.580 Many of them don't want their kids to be exposed to COVID, even though we know that children don't really have negative experiences from COVID.

00:05:30.660 It's not really a threat to them in the same way as it's a threat to adults.

00:05:33.680 You can see that by the incredibly, incredibly, incredibly low case mortality rate.

00:05:38.820 You know, fewer children die of COVID than do of the flu and influenza.

00:05:44.040 Very, very low number.

00:05:45.360 We're talking to 17 kids in the last two years.

00:05:48.080 And we don't know the specifics about the comorbidity rates among those 17 because of privacy.

00:05:55.500 So really very, very, very low number, low hospitalization rate as well.

00:06:00.240 But people are still paranoid.

00:06:01.920 They're paranoid because they've been exposed to a legacy media that drums up fear, to politicians who promise that, you know, the key to return to normalcy is just everybody get vaccinated, including little kids.

00:06:15.180 And so because of that, we kind of live in this society of, like, heightened fear.

00:06:18.560 We've really let basic freedoms slip away.

00:06:21.300 And part of the real issue here is when you have a society that heavily favors safety and security and even has patience for the sort of authoritarian impulse of the government and says, it's OK that we have all these authoritarian rules because we want to stay safe.

00:06:37.320 That's a very scary picture in terms of the loss of freedom, erosion of freedom, but also, you know, on the economic front, again, that sort of risk averse, not wanting to go out there and take a risk by starting a business, creating an idea, building the economy.

00:06:54.120 That's what's needed. And those values are sort of slipping away within all this.

00:06:58.460 And that's something that's rarely spoken about, the sort of second and third order consequences and unintended consequences of this sort of new health pandemic mentality.

00:07:07.980 And sort of connected to that lack of entrepreneurial drive and just a lower job creation, the anemic economy that we're experiencing are these massive, massive supply chain issues that we started to experience them a little bit throughout the last year or so, but they've really exploded.

00:07:23.540 They've really exploded. I'll give you an example.

00:07:25.360 I was out in Los Angeles a few weeks ago, and as I was flying into the city, I just looked out the window and I couldn't believe my eyes.

00:07:32.520 I just saw, you know, you're looking out the bay sort of over Long Beach in Los Angeles, and there were probably a hundred, maybe dozens or a hundred tanker ships just sitting out at sea, just sitting there, you know, waiting, I guess, to be unpacked.

00:07:50.040 And there's huge labor supply issues that are happening in the Port of Los Angeles.

00:07:53.920 It's the largest port in the United States, the largest port in North America.

00:07:57.580 And you just see these ships and just sitting there, you know, and those are goods that are needed to keep the economy going, you know, things that people have ordered, things that people need for their business.

00:08:06.840 And it's just sitting there.

00:08:08.140 So, you know, really, really major issues with regards to lack of ability to get things sent.

00:08:14.660 Also, I know this, my mother-in-law owns a furniture store, and I know that people who are ordering furniture, people who are trying to get things for their homes are experiencing crazy delays,

00:08:24.300 like year-long delays if you're ordering a sofa or if you're trying to buy maybe a new car.

00:08:29.460 There's all kinds of just shortages out there that are having so many different impacts on the economy, and it really is starting to feel a little bit chaotic.

00:08:38.240 This is a story over in the CBC, seven products that have been disrupted locally by the global supply chain chaos.

00:08:45.660 COVID-19 has led to shortages everywhere.

00:08:48.800 The article is just basically saying the same thing.

00:08:50.760 COVID-19 has triggered a series of circumstances which have wreaked havoc all across global supply chains, causing everything from transportation bottlenecks to labor disruptions to scarcity of materials, furniture and appliances, cars, toys, and video game consoles, flowers, and construction materials.

00:09:08.100 Those are the seven products.

00:09:09.480 And as you would know, some of those things when you're talking about electronics or you're talking about construction materials, that's not just having an impact on one industry.

00:09:17.260 It affects everything.

00:09:18.540 And so you can really see that issue and how it's starting to rear its ugly head.

00:09:24.400 And yet, last week, our prime minister, Justin Trudeau, went to the G20 meeting, and I didn't hear anything about the global supply chain issues.

00:09:31.320 I didn't hear any kind of strategy.

00:09:32.880 You would think that the purpose of an organization where the heads of the 20 biggest countries in the world get together, particularly for a focus on economic issues.

00:09:42.380 That's the whole point, is to talk about financial, global stability, the financial systems, the financial markets.

00:09:48.160 The whole purpose is to talk about these issues.

00:09:50.580 And instead, Trudeau marched in there demanding climate change commitments from the world leaders, which, again, COP26 was the very next day.

00:09:58.880 So he had the entire COP26 conference.

00:10:01.380 The G20 meeting was one day.

00:10:03.140 COP26, I believe, is 12 days.

00:10:05.040 So, yeah, you've got 12 days to talk about climate change, one day to talk about the global financial systems and the economic systems.

00:10:12.080 Why not focus the whole thing on what you can do to move these supply chain issues along, to get to the root of the problem, to try to figure out ways to improve the situation?

00:10:22.460 Instead, you have our naive ideological prime minister saying that he's focused solely on climate change, that that's what he cares about and that that's what he wants to talk about instead of dealing with the issues today, the issues on our doorstep, the complex, very, very difficult to solve issues of today and tomorrow.

00:10:41.600 So, Trudeau would prefer to pontificate about an issue that may or may not have an impact on us 50 to 100 years down the road.

00:10:49.380 So, again, strange set of priorities over there from the prime minister.

00:10:54.660 Here's another report.

00:10:55.660 This was from TNC.news.

00:10:56.940 Negative impacts of supply chain disruptions could last until mid-2022, according to a Canadian report.

00:11:04.000 So, Canada could face negative downstream economic effects for some time due to current and ongoing supply chain disruptions plaguing the country.

00:11:12.320 According to the auditing firm RSM Canada, Canadian businesses can expect disruptions such as port closures, factors shutting down, production halts, and labour shortages well into next year, 2022.

00:11:23.640 And, of course, there is corresponding spike in the prices of things because if you can't get things, if there are shortages, if there are products that you can't get, it drives the price up because of scarcity.

00:11:34.000 So, many people are competing for the same scarce resources.

00:11:37.220 Those prices are going up and that is what we're starting to see.

00:11:40.000 The price of certain food items is soaring across the country, surpassing the rate of inflation.

00:11:44.500 According to new data from Statistics Canada, the cost of meat, produce, and dairy up 20% to 30% in certain provinces.

00:11:53.560 Again, according to Statistics Canada, written up over by TNC.news.

00:11:58.280 So, according to the federal department, meats, produce, dairy up 20% to 30%.

00:12:02.940 Since the onset of COVID-19 pandemic, food prices have been impacted by factors such as weather supply disruptions and shifting consumer demands, according to Stats Canada.

00:12:13.660 And, look, there's multiple issues at play.

00:12:15.460 It's sort of a confluence of issues because you have the supply chain disruptions, the just total bottleneck in certain areas, the inability for people like in the port of Los Angeles to just unload the products fast enough in order to get them to market.

00:12:29.100 Whereas, at the other side of the supply chain, lack of workers, lack of ability, lack of capital to invest, to go extract materials needed.

00:12:37.940 So, that's on one side.

00:12:39.380 And then, on the other side, you have governments who have dealt with COVID-19, by and large, by just printing money, by borrowing, spending, spending, spending, borrowing, borrowing, borrowing, not having enough, not having enough access to pay for all of the bills that they're spending.

00:12:53.420 And so, they have resorted to printing money, mass printing of money, on a scale that we haven't seen in decades.

00:12:59.580 And the whole thing is justified by this sort of new left-wing monetary theory, economic theory, that's really just an old economic theory, but it's wrapped up as this new theory.

00:13:08.540 It's called the modern monetary theory.

00:13:10.880 And the idea is just that our economies are really strong, that countries are really wealthy, and that we have, you know, if you have your own currency, you can just print a lot of money and pay for it, and there won't be a huge consequence.

00:13:23.000 So, that's a very simplistic way of explaining it, but more or less, that's the idea, is that, you know, we're very prosperous, we're very stable, we're very rich, so we might as well just print all this money.

00:13:33.480 And, you know, we don't know exactly what's going to happen, but let's just try it and see what happens.

00:13:37.600 And so, that's where we are.

00:13:38.440 It's not just Canada.

00:13:39.240 It's happening across the West.

00:13:40.800 It's happening across Western Europe and, of course, in the United States.

00:13:43.980 But what we know about the printing of money is that the more money you have, the less it's worth because you have more of it.

00:13:50.600 And so, because of that, every dollar is worth less, and that's what we're seeing.

00:13:54.660 Huge growth in inflation.

00:13:56.480 Every single month, the Canadian government aims for about 2% inflation, and every month we see upwards of 4%, it's approaching 5%.

00:14:03.960 And so, you know, this is what we're seeing.

00:14:07.020 So, it starts with the printing of money.

00:14:09.080 Trudeau racked up the biggest deficit ever in just two months.

00:14:12.340 So, this was back in April and May of 2020, the shortfall, so the amount that Trudeau was spending that he didn't have, that was less than the amount that they were bringing in through revenue, through taxes, was $87 billion, according to the finance department figures that were released.

00:14:29.180 So, sure, Canadians supported this idea.

00:14:31.500 Canadians wanted the Trudeau government to dig in and borrow a bunch of money so that people wouldn't have to necessarily go into their own debt.

00:14:39.340 You know, if you lost your job, if you were laid off, it was the government that forced the economy to shut down.

00:14:43.540 So, it sort of only made sense that the government would then pay your bills while you were forcefully unemployed.

00:14:49.020 I do understand that, and I do support the idea.

00:14:51.960 I didn't really support the idea of mass lockdowns, but if you're going to have mass lockdowns, then I do support the idea that you have to at least pay the people, because otherwise it's just completely unfair.

00:15:00.340 So, it did have political support, but it was a dramatic departure for Canada, which had a long-standing aversion to high debt, to big deficit spending, and really what it did was just push the problem down the road, leave the problem for future generations.

00:15:15.200 Canada is now years away, perhaps decades away from balancing the budget.

00:15:19.320 Remember, the Parliamentary Bureau officer had a projection that under Trudeau's plan, Canada would not balance its budget until 2070.

00:15:26.480 So, you know, we're talking about almost 50 years of piling on more and more and more debt.

00:15:32.180 In 2021, the Liberals, again, created an absolutely staggering deficit, a $354 billion projected deficit for this year.

00:15:42.560 So, they really blew the bank out last year, and then instead of, you know, calming things down and removing all those temporary measures, they kind of just kept it going.

00:15:50.060 We kind of just kept it going and continued to absolutely blow the budget, spend on an unprecedented level.

00:15:56.540 We've never seen anything like this.

00:15:58.560 Canada's federal debt is expected to cross the $1.3 trillion mark.

00:16:03.260 Remember when Justin Trudeau was first elected?

00:16:05.260 He promised to do tiny little deficits, $10 billion, small little deficits relative to the size of government, and then get back to normal.

00:16:12.300 Well, that, of course, was total nonsense, totally, totally untrue.

00:16:17.100 He's more than doubled the debt.

00:16:18.140 He's almost tripled the debt, and Canadians will pay for it.

00:16:21.280 And what happens when you blow the bank, when you spend all this money, borrow all this money?

00:16:26.700 It's hard to get bonds to actually cover the money that you're borrowing.

00:16:30.160 So, again, they've resorted to inflation.

00:16:32.340 They've resorted to printing lots and lots of money, and this leads to inflation.

00:16:36.920 So, we're going to talk a little bit about inflation and how that happens.

00:16:41.140 But first, if you're watching this video on YouTube right now, I'm just going to stop you.

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00:17:16.320 So, why does printing money lead to inflation?

00:17:19.960 Well, inflation, it's actually fairly simple.

00:17:22.860 I know that a lot of Canadians, you know, their eyes roll over when you start talking about this kind of thing.

00:17:27.600 And Trudeau kind of got away on the election campaign.

00:17:30.080 He said, Canadians will forgive me that I don't really think about monetary policy.

00:17:34.020 And Canadians forgave him.

00:17:35.820 Most of them just sort of shrugged and said, whatever, neither do we.

00:17:38.800 And so, you know, Trudeau got away with that.

00:17:41.720 But really, this is a serious issue.

00:17:43.600 And I think Pierre Polyev is one of the only people in the country who's properly reacting to this and ringing the alarm bell and raising his concern and talking about how this really is a tax.

00:17:53.360 It's a hidden tax that makes all of our money, all of your savings, all of the money that you've saved up, your paycheck, all the money that you used to live, it makes it less valuable.

00:18:02.200 So, inflation is the decline of purchasing power of a given currency over time.

00:18:06.700 Inflation is the rate of which the value of the currency is falling.

00:18:09.740 Consequently, the general level of prices and goods and services is rising.

00:18:13.600 So, the general idea is just that the amount of money that it used to take to pay for things is no longer the case.

00:18:18.420 So, you know, your salary remains the same.

00:18:20.240 Your take-home pay after taxes remains the same.

00:18:22.420 But it used to cost you around, say, $100 to do your weekly grocery shopping.

00:18:26.600 And now, all of a sudden, it costs you $150.

00:18:29.160 Or even on a smaller level, say you used to go and pick up a sandwich for lunch.

00:18:34.780 The sandwich was always $6.

00:18:36.840 Now, all of a sudden, it's $8.

00:18:38.120 And so, those little things really have an impact on your overall family budget because your money is just not going as far.

00:18:45.280 It's not like you're getting a raise from your job to correspond to that.

00:18:49.100 So, a lot of people are really feeling this pinch.

00:18:51.400 And that, in a nutshell, is inflation.

00:18:53.060 So, inflation is now the highest that it's been since 2003, according to Statistics Canada.

00:18:57.740 Inflation in Canada is at an 18-year high.

00:19:01.020 Year-over-year, the commodity price index is up 4.4%, which is the highest, again, since February 2003.

00:19:07.460 The fear of all this, okay? 0.91

00:19:09.040 So, the idea of inflation sucks. 0.98

00:19:11.220 It's terrible. 0.96

00:19:11.760 It's bad for, again, your ability to budget, your ability to make ends meet.

00:19:15.620 But the bigger fear here, the underlying fear, because we're talking about such huge numbers, such unprecedented spending, again, not just in Canada, but all over the world, is the fear of hyperinflation.

00:19:25.980 And that is what really, really destabilizes societies.

00:19:29.100 That leads to wars.

00:19:31.000 It leads to huge mass scarcity and really just poverty.

00:19:36.240 Poverty is what can destroy a society.

00:19:38.660 So, what exactly is hyperinflation?

00:19:40.220 It's a term to describe the rapid, excessive, and out-of-control price increases in an economy.

00:19:45.440 So, what happens when the central bankers just sort of lose control, they require to print so much money to keep up with the government spending, that they just create such a huge input of cash into the system that prices surge out of control, that the value of money doesn't hold, the value of money changes.

00:20:01.400 We've seen it in various places around in recent history in the last hundred years, where, you know, the price of bread in the morning is totally different than the price of bread in the afternoon, where the value of the money is less than the dollar, the paper that's actually printed in or the coin that's actually held.

00:20:18.060 And it's very rare.

00:20:20.760 You know, we're not there right now, but we should be more aware of how this happens, how we get to these conditions, and what happens after a country goes through something like that.

00:20:30.080 You know, it's happened throughout history.

00:20:31.840 It's happened recently in countries like Germany, Russia, Hungary, Argentina in the last hundred years.

00:20:37.240 So, again, very concerning stuff and not the proper attention needed, you know, if you ask left-wing economists or you ask people in the Trudeau government about the risk of hyperinflation, they'll just shake their head, shrug, and say, no, that's not a concern.

00:20:52.020 That's not a concern.

00:20:52.780 That's not going to happen in a stable country like Canada, and they don't give it any thought whatsoever, but it should be something that they think about.

00:20:58.940 And so instead of talking about all these issues, all the, you know, I just sort of glossed over things, I didn't go into great detail in any of these issues, but instead of talking about any of this stuff, instead of focusing on any of the real issues that matter in the country, any of the economic reasons, again, we have our prime minister over in Scotland at the COP26, just virtue signaling, showing off, doing things that make him feel good, totally over-the-top nonsense about a problem that's real too.

00:21:26.080 You know, climate change is real. Climate change is a threat. Humans need to be able to adapt to our changing environment.

00:21:31.780 Some people see this as a huge threat. Some people see it as something that is a challenge that we can overcome.

00:21:37.160 But regardless, you know, instead of dealing with all of the various crises that we see and the issues, we have instead our prime minister, Justin Trudeau, with a singular focus on climate change.

00:21:48.120 This is the only thing he cares about. This is all he talks about. This is what we see him focus on the absolute most.

00:21:54.340 And so we have these ridiculous pledges. First, he calls for global carbon tax. Not going to happen. 0.73

00:22:01.000 Next, he says that Canada is going to move forward on a pledge to cap oil and gas emissions, a hard cap that basically says that by 2050, no more emissions, zero, net zero emissions down the road.

00:22:16.120 So we see him talking about that because really, you know, with a country that's struggling with job losses, with a country that's struggling with their money not going as far as it used to,

00:22:25.260 with a country that's struggling with not being able to pay its bills, with spending so out of control that it has to resort to printing money in order to just pay the bills.

00:22:33.020 Yeah, let's kill our biggest industry. Yeah, let's let's put a hard cap, put more Canadians out of work, kill the economic engine of the country. 0.97

00:22:41.300 Why? Because of green ideology. OK, way to go, Justin Trudeau.

00:22:45.120 This is one that I wanted to focus on because I wrote about it in my column. Truly, truly insane.

00:22:50.280 So Ottawa pledges to end financing to foreign fossil fuel production projects in 2022.

00:22:56.980 So the federal government is pledging to end all of its foreign financing of anything to do with oil and gas by next year.

00:23:03.380 Commitment will place heavy pressure on Export Development Canada, which provides loans, insurance and other forms of financial backing to oil and gas companies.

00:23:10.500 But it also impacts the Canadian pension and other pensions, public pensions that invest in oil and gas around the world.

00:23:18.800 So here's the idea. In times of inflation, like we're experiencing now, there's a couple of things.

00:23:24.820 There's a bit of advice that bankers tend to give to investors about things that you can invest in to sort of hedge against inflation.

00:23:32.320 So so during times inflation, you want to protect your assets and you want to invest in things that will hold their value.

00:23:38.280 And so you might get recommendations to purchase, you know, precious metals or maybe go into crypto or real estate is usually a good one.

00:23:46.220 And another good one is energy, oil and gas energy projects.

00:23:50.500 That is a good holder of value, a good hedge against inflation.

00:23:53.140 So so instead of the Canadian pensions and other assets investing in something to hedge against inflation,

00:23:59.580 Justin Trudeau is advising them to do the exact opposite and go out and divest and sell all energy stocks and just get out of oil and gas and fossil fuel, again, for ideological purposes.

00:24:12.080 So not exactly taking the advice of people who do this for a living, going against common sense in this regard and selling off our oil and gas assets because of ideology, because of green ideology.

00:24:24.040 Not very wise, Justin Trudeau.

00:24:25.540 But this brings us to a broader contradiction and a bigger problem, which is here we have a government, a Trudeau government, ideologically driven left wing government committed to transitioning Canada away from energy, away from oil and gas, blocking pipelines, doing everything they can to kill this industry in Canada.

00:24:44.080 And meanwhile, they're still investing in, you know, you have Expert Development Canada, which is a bank that helps with developing countries.

00:24:51.300 They're still providing loans, insurance and other financial backing to new energy projects around the world. 0.98

00:24:56.780 What a what a what a bunch of hypocrites. 0.95

00:24:58.740 What a huge contradiction that they are sitting at home telling Canadians to transition away from energy, oil and gas and transition away from fossil fuels towards what? 0.98

00:25:07.380 Unproven and risky alternatives.

00:25:10.440 Meanwhile, they're still investing in oil and gas and fossil fuels around the world.

00:25:15.060 So I guess at least with this pledge now, they're being consistent across the board.

00:25:19.540 They're no longer punishing Canadians more than they're punishing people around the world. 0.99

00:25:24.120 But still, what massive, massive hypocrites. 0.98

00:25:26.240 And again, instead of Justin Trudeau focusing on the issues that really matter, he's out there virtue signaling. 0.99

00:25:31.540 He's acting reckless.

00:25:32.980 He's putting his green ideology ahead of the best interests of the country, and we're all paying a heavy price for that.

00:25:39.020 I'm Candace Malcolm, and this is The Candace Malcolm Show.

The Candice Malcolm Show - November 08, 2021

Trudeau climate obsession is making our economic problems much worse

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