00:00:15.580Anyways, for our first episode back in the normal studio, we are talking about something rather delicious.
00:00:22.160Prime Minister Mark Carney and the Liberals being rejected by the European Union for the EU Associate Membership.
00:00:30.000I know that the EU president was happy to take in Canada as an associate member, but it seems like the other member states made the very logical choice to not want to anchor themselves to Mark Carney, who's in a proxy trade war right now with President Donald Trump.
00:00:46.760I know that Canada didn't start the trade conflict.
00:00:50.480Yes, Trump was the one who started just blanketly putting tariffs on all sorts of different countries.
00:00:56.280But at the same time, Carney has been dealing with it terribly.
00:01:00.380The EU is not pro-Trump, but I think that the EU also doesn't want to associate itself
00:01:05.660with the brand of anti-Trumpism that Mark Carney represents
00:01:09.800because they do, in fact, want to make deals with the United States.
00:01:14.940Carney, on the other hand, wants his polling numbers to go up and his personal approval ratings to remain high,
00:01:21.160which is not the same thing as wanting a trade deal as we have seen over the past year and a half at this point,
00:01:28.600because I'm pretty sure we are supposed to have a trade deal.
00:01:31.780That was Carney's big election promise back in 2025, and we are in late 2026 sans trade deal,
00:01:40.260Because Carney has gotten addicted to the process of pretending he wants to negotiate and then finding something wrong that Trump did and walking away from the table to give himself a temporary approval boost.
00:01:52.340Which is something I actually do believe will eventually start to have just smaller and smaller positive effects for Carney.
00:02:00.640It's sort of one of those things where you can only pull the trick off so many times before people get tired of it.
00:02:06.260You just saw David Eby lose a provincial election in British Columbia to a very liberal BC conservative party,
00:02:13.880simply because trying to call a snap election justifying it with Donald Trump doesn't work anymore.
00:02:20.180Anyways, let's get into some of the clips of him reacting to the whole EU associate membership thing being rejected.
00:02:27.880It was specifically rejected by Germany, Italy, and Greece,
00:02:31.460and then there were other countries that were also very uncomfortable with the whole thing.
00:02:35.000But all you really need to know is Germany rejected it, who tends to be the power within the EU.
00:02:41.360Second to them would maybe be France and then Italy.
00:02:44.040So overall, even if it's just those three countries specifically blocking it, Germany, Italy, and Greece, the thing is dead.
00:02:51.280But anyways, before we get into the clip of Mark Carney, I just want to remind you guys, if you like the show, make sure to leave a like on the video.
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00:03:22.560Mark Carney reacting to the news that the EU associate membership will not go through,
00:03:28.260saying, well, it doesn't have to be named that.
00:03:30.760It's just nomenclature, but, you know, we want some relationship with the EU.
00:03:35.440He and many other people here are trying to, like, desperately save this by pretending it's just, you know, semantics that are getting in the way.
00:03:42.540It's like, no, no, no, they're rejecting you flat.
00:03:45.340If you change it from associate membership to something else, you're still not getting the thing.
00:03:50.060I'm looking forward to the summit with Presidents von der Leyen and President Costa, a lot of
00:04:36.820Yeah, you put a lot of work into this.
00:04:40.200And now the whole thing got shut down.
00:04:41.540There's no more talks going on talking to President Ursula von der Leyen.
00:04:46.760doesn't mean anything. Because again, Germany doesn't want it, Italy doesn't want it, and Greece
00:04:51.740doesn't want it. And I've also heard that France was extremely on the fence about this and
00:04:56.680uncomfortable about adding in Canada, because again, these are not pro-Trump countries by any
00:05:02.340stretch. But at the same time, Carney's brand of wanting to scrap with Donald Trump to try and fix
00:05:08.740the trade dispute is not what the EU wants to do. It's pretty much what no country wants to do.
00:05:14.560The Mexicans are not doing it. Their president, Claudia Sheinbaum, as I've noted many times, is very left-wing. She is decisively to the left of Mark Carney, but she understands that, yes, Trump can be annoying, the tariffs are bad, but you don't get into a slugging match with the Trump administration over it, with counter-tariffs and taking booze off the shelves and taking shots at them in the media.0.98
00:05:39.080You just stick at the negotiating table and keep hammering through a deal.
00:05:45.500You don't like certain things, you negotiate them out over time.
00:05:48.800You don't walk away, let alone walk away three separate times simply to gain the headlines in Canada
00:05:56.320that, ooh, this powerful and virile Mark Carney refuses to sign something with Trump and he walks away.
00:06:04.020They always focus on, like, the actions.
00:06:05.600He's walked away from Donald Trump. When we never actually talk about what that means, we just talk about the verb rather than the fact that hundreds of thousands of people are going to lose their jobs, our GDP is going to go down, people are going to default on their mortgages and all those other negative externalities.
00:06:25.960But what do I know? I'm a simple boy who doesn't understand the genius of what Mark Carney is doing here, apparently.
00:06:31.580I need to now jump over to, well, let's just start with the associate membership still, we'll just stay on this.
00:06:38.040Then I want to jump over to something else the EU did to Canada recently to demonstrate that, no, they want nothing to do with us,
00:06:44.880and they, in fact, don't like us very much. This isn't a situation where we just require some more negotiations.
00:06:50.640They decisively do not care very much about Canada.
00:06:56.280Breaking, EU is set to scrap the associate membership offer to Canada.
00:07:00.760The language will now be closer association.
00:07:03.860Let's remember that Canada's overall trade deal with the European Union Comprehensive Economic and Trade Agreement, CETA, is not fully ratified.
00:07:12.800Massive blow and embarrassment to Mark Carney.
00:07:15.940So we couldn't even get a meaningless designation.
00:07:19.820It wasn't exactly meaningless. We would probably have had to follow a bunch of terrible EU regulations and pay some EU taxes for effectively nothing. But we barely trade with the EU. And I'm not even just comparing it to the United States, obviously. We barely trade with any country compared to the United States. We barely trade with the European Union compared to the United Kingdom.
00:07:41.100You know, that place that's only made up of England, Scotland, Wales, and Northern Ireland?
00:07:48.080Yes, we trade with the UK like two or three times more than all of the EU countries combined.
00:07:54.440Actually, I think it's all of Europe combined, not even only the EU members.
00:07:59.560It's just dumb that we thought that this was going to be our way of pumping our economy,
00:08:04.620having free travel between the European Union and Canada,
00:08:09.840people able to take Canadian jobs who live in Europe,
00:08:13.340and having migration just open into the Canadian economy,
00:08:17.540that would be an economic disaster for Canada.
00:08:21.180Because when you already have an unemployment problem,
00:08:25.120you're not going to somehow alleviate it
00:08:27.780by just hoping that a bunch of Canadians leave and get jobs in Spain.
00:08:33.340They have a far easier time taking our jobs than we would have taking theirs because of the massive language barrier.
00:08:40.080You're not going to be filling their jobs because they all know English pretty much,
00:08:44.240or at least the English fluency right there is pretty high.
00:08:47.340They're going to be taking your job in Manitoba or Ontario or New Brunswick.
00:08:53.060You're not going to be taking their job out in Liechtenstein.
00:08:56.940You're not going to be taking the job that's there in Greece or Italy.
00:09:00.780It's just not in the cards here, guys.
00:09:03.340But anyways, so on the way out, the EU decided to kick Mark Carney in the face one more time.
00:09:09.160And this is being reported by a conservative MP, but it doesn't matter because he's just talking about a CBC headline here.
00:09:15.760CBC headline is, Canada facing carbon tariff threat from European Union internal documents.
00:09:22.060No exemptions for Canada despite adopting carbon pricing.
00:09:25.340Oh, oh no. Oh no. Who could have seen this coming?
00:09:29.460Oh, no, it's almost like our own justification for having our clean fuel standards and industrial carbon taxes and previously the consumer carbon tax was completely dumb.
00:09:41.700Because the narrative was always, well, we need these things because other countries expect it or we can't trade with them.
00:09:48.420And they're saying, well, yeah, you have all those things.
00:10:24.600Canadian industries face a massive EU carbon tax while Mark Carney secretly negotiates to make Canada a member of the European Union.
00:10:31.160And let's not forget the European Union has already imposed massive carbon taxes on its members.
00:10:37.260Why isn't Parliament debating this while Canadians are kept in the dark?
00:10:40.840Well, because if we debated it, then Mark Carney would be proven to be completely wrong on another issue.
00:10:45.880Mark Carney really doesn't show up all that often when it comes to, like, Parliament at all. He doesn't like showing up to QP very often because, although he has a high approval rating at the moment and the Liberals are still way up in the polls, the more Canadians see him joust with someone like Pierre Polyev or, frankly, any other MP, the more it sort of chips away at his sort of self, I guess, image, the image that he's built up himself of being, like, some financial wizard.
00:11:15.880or whatever or trump whisperer he clearly doesn't know what he's doing it it's funny that all of
00:11:22.320this happened with the european union really only because he just is a guy obsessed with
00:11:29.860feeling sophisticated and european that's really all the only reason this happened he did all these0.96
00:11:35.580stupid speeches about how canada is the most european country in north america we're really0.99
00:11:40.700the most European non-European country in the world. It's like, okay. And then he had this1.00
00:11:46.220dumb thing where he was texting EU leaders for over the last couple of years, trying to organize
00:11:52.160a way for Canada to get into the EU. And then he was just backhanded because his own anti-Trump0.97
00:11:56.540agenda ended up making even them not want to associate. But now let's jump into some more
00:12:03.380domestic stuff. So the liberals increased the interest rate from, I believe, 2.25% up to 2.5%.
00:12:11.260Now, I don't even necessarily disagree with increasing the interest rate, but the only reason
00:12:17.120it has to be done is because of the massively inflationary policies of the liberals. If we were
00:12:23.400actually cutting taxes, regulations, bad spending all over the place, you wouldn't need to touch it.
00:12:29.020The only reason this needs to be done is because the Liberals refuse to get away from the tax and spend economic policies that they think are going to somehow break us through into massive wealth one day.
00:13:48.540So if you have a car loan, now maybe you shouldn't have a car loan, always pay out of pocket if you can in terms of just pay cash, but if you have a car loan, a mortgage, just other commitments in your life, $1,100 more dollars a year on these average loans and mortgages is pretty killer considering Mark Carney was trying to pin part of his reputation as prime minister to the fact that he lowered your taxes.
00:14:16.600Do you know that Mark Carney lowered your taxes by 1%? Well, not really 1%. He lowered it by, he took the rate down under $50,000 by 1%, but he's only implemented a half a percent cut so far.
00:14:31.800And even if the full 1% is implemented because you get a big tax exemption on the first, like, $15,000, $18,000 or so that you pay, really, you're only getting back, like, $500, $700 when this full thing is implemented.
00:14:46.620And he's just cost you, with a rising interest rate, $1,000.
00:14:54.780And even if you don't have a mortgage or a car loan or any of these other things, you're still paying for this because other people have these things.
00:15:01.580And if they own a business or they have loans, they're going to increase prices, service costs are going up, products on the shelves are going up. And again, do we probably have to raise the interest rates? Yes, but only if you hold liberal policy steady. If you cut taxes and regulations, you actually grew the economy, and we weren't just inflating the currency through massive spending, you wouldn't have to increase the interest rate at all.
00:15:25.240interest rates going up because money is being devalued at the moment and so you got to pay
00:15:30.020back more on your on the loans that you take out and here's mark carney in a very funny post by
00:15:35.720kirk lubomov even acknowledging that this has happened i believe this actually may have been
00:15:40.360in response to either paliev or chivalry majumdar but kirk here says did mark carney uh mark carney
00:15:46.320just told the truth quote mortgage affordability down every month in this government and mortgage
00:15:53.460affordability down every month in this government mortgage affordability down every month in this
00:16:08.900maybe he was trying to claim something about how mortgage costs or like you know home costs are
00:16:15.460down every month which is somewhat true just because immigration's been cracked down on a
00:16:20.900a little bit here. So naturally, the demand for new housing has gone down. So the amount of money
00:16:25.900that you might have to pay in a mortgage or the amount you may have to put up forward for a house
00:16:29.920has gone down slightly in many markets around Canada. But okay, but the actual mortgages
00:16:36.300themselves have now gone up in terms of the interest that you're going to be paying on the
00:16:41.340home's cost. And also, the amount of people defaulting on mortgages is higher than ever
00:16:47.840right now. So I wouldn't brag about anything around housing, when so many people when with
00:16:53.280housing going down slightly in cost, but mortgages going up, still can't afford it. And they're now
00:16:58.580having to just sell the homes and move out because they can't keep up with the costs. But now let's
00:17:03.940jump over to question period from today. I think Mark Carney actually did bother showing up today
00:17:09.640very nice of him very brave, very commendable. But it didn't really go all that well, because
00:17:15.360Carney is not in a good position at the moment.
00:17:19.460Polling-wise and his approval rating, are they good? Yes.
00:17:22.380The problem is if you want to maintain those high numbers, where's the good news over the last few months?
00:20:27.480Families who have the Canadian families are the most indebted anywhere in the G7.
00:20:32.140And today they will come home to learn that their mortgage payments, their car payments, their line of credit payments will go up because this prime minister could not control his spending.
00:20:41.720He doubled Trudeau's deficit and he's imposed a new fuel tax that is driving up the cost of diesel 30 cents higher than in the U.S., which is one of the causes that the Bank of Canada cited in raising rates on Canadians today.
00:20:57.040So we get his hands out of the pockets of Canadians so they don't have to pay more in their rates.
00:21:02.140Mr. Speaker, I repeat, spending down from 8% per year to 2%.
00:21:11.240The operational budget will be closed next year, one year ahead of schedule.
00:27:15.560video so yeah it feels like more and more these days carney's actually coming up against it
00:27:20.620because without enough without good news stories you will eventually start having your approval
00:27:25.760rating and your polling numbers for your party start to downturn the liberals don't not only
00:27:31.320don't have any good news stories they have a lot of bad news stories hitting them uh they're going
00:27:35.420to really try and spin holiday job numbers in november as being like a really like a sign of
00:27:41.120carnianomics working but as we know all the jobs always fall down more on net from the beginning
00:27:47.160of the year we are down 41 000 jobs and in october i could see us losing at least another 20 000
00:27:52.860I would be very shocked if it goes up. Maybe some areas of the economy are hiring that I'm not taking into account. But we're losing manufacturing jobs, jobs in construction left and right. We lost some public sector jobs, but they were not the ones that you would want to lose. It was healthcare and education jobs in this last month that we lost a bunch out of.
00:28:12.540So where's the win for Carney? No trade deal, just got rejected by the EU. He's like kissing the shoes of like the Turkish dictator and inviting the EU or the UAE for talks in Canada while he's not actually trying to make a deal with the Americans.
00:28:30.380doesn't not matter how much a voter hates Donald Trump eventually they'll wonder what is Carney
00:28:37.380doing to get leverage on Trump and now Carney has been confirming elsewhere oh yeah we might go back
00:28:43.220to talks with the Americans and the media is really pushing this line that's because he's he
00:28:47.540has Trump where he wants them it's like no Trump is actually getting Canadian companies to go down
00:28:52.680to the U.S. by cutting sort of microscopic small-scale industrial deals with specific
00:28:58.340sectors of the Canadian economy, so he doesn't put in place tariffs on jet parts to get Bombardier
00:29:03.980to make an investment in the United States. He will maybe reduce tariffs on aluminum and steel
00:29:09.420companies or eliminate them for specific regions or companies in order to get them to invest in
00:29:15.500America. Where's Carney getting leverage? Everyone keeps bringing up the midterms. Guys,
00:29:19.900the midterms don't matter. Trump's not on the ballot. Trump cannot be taken out of office
00:29:24.660due to the outcome of the midterms it does not matter and the republicans could still win both
00:29:30.540houses and by the way democrats are usually more pro-tariff than republicans what are we even
00:29:35.740talking about when we act like mark carney is somehow going to be saved by like like getting
00:29:41.320trump to lose the midterms by like waiting him out and seeing him lose the house or the senate
00:29:47.960and then moving in for the kill that's not how anything in life works i'm sorry to inform liberals
00:29:53.960out there. Anyways, so with all that being said, thank you guys for watching the video today. Make
00:30:00.680sure to like, share, subscribe, leave a comment, and consider hitting the join button and becoming
00:30:06.340a member of the channel. Thanks for watching. I'll see you guys all later.