00:00:42.160But if you're not using the skills properly, it turns out you're still going to do badly, even if you're highly credentialed.
00:00:50.620Here, Polyev has had his messaging against Mark Carney's education pay off massively
00:00:56.260today, because remember when the media was going after Polyev for saying that he's badly
00:01:01.700educated, and they started, like, whining about, oh, well, he went to Harvard, he went
00:01:06.860to all these other schools, he was the governor of the Bank of Canada, the Bank of England,
00:01:11.500even though he sucked as the governor of the Bank of England, but, guys, no, he's bad.0.93
00:01:17.520it doesn't matter what school you go to if you suck at your job you have evidently been badly0.98
00:01:22.080educated or taken some blow to the head this video that mark carney posted the other day
00:01:28.880has become very ironic just 20 hours ago mark carney posted this building a strong economy
00:01:36.320is above all good for all canadians but is also good for the united states and it's not surprising
00:01:43.040he made this speech in front of the economics club of new york talking about how well if you
00:01:49.080want to make america great again you should also be wanting to work more with canada and by the
00:01:53.760way that's not exactly wrong if you do want to make the american economy better trading more
00:01:59.440with canada would be a good thing but it would also be good for canada to be trading more with
00:02:04.320the united states which mark carney has kept denying over time and refused to engage in
00:02:09.520serious negotiations with the Americans, and in fact, making sure we're never going to actually0.99
00:02:14.140get a negotiated settlement on the trade issue, because he keeps doing stupid things like0.91
00:02:19.700introducing more taxes on American companies right in the middle of him pretending like he's0.97
00:02:24.660actually trying to get a deal done. But let's check out this video, then I want to move on to
00:02:28.800what the Conservatives have been saying about the aftermath of the recession announcement.
00:02:33.400Well, Canada and the United States have had our differences over the centuries. We have always
00:02:38.980worked and eventually worked through them because we share values and our common interests run deep.
00:02:47.100They run through our economies. Canada is America's largest customer. We buy more goods from America
00:02:53.440than China, Japan, and Germany combined. Those common interests run through our supply chains
00:02:59.080where 70 percent of Canadian exports are inputs to American cars, homes, aircraft, machinery,
00:03:05.960refinish goods, creating hundreds and hundreds of billions of dollars of U.S. value add. As a
00:03:11.300country whose founding values of liberty, democracy, justice, and openness should continue to serve as
00:03:17.060guides to its future and the future of the world, that future should include a new partnership with
00:03:23.980Canada. Oh, so we have to create a new one because he declared the old one dead. Like, no, like, what
00:03:30.420is he talking about here? Nothing ever died. He's just rediscovering the fact that, yes, in fact,
00:03:35.940we should rely on the biggest economy that's right over our southern border and stop trying
00:03:40.500to diversify away it's not that trade diversification is bad but trying to diversify
00:03:46.580your trade as a direct you know while sacrificing trade with your closest ally both geographically0.97
00:03:53.940and figuratively is very stupid uh but he's going to get to his big make america great again point0.98
00:04:00.020at the very end here this whole thing seems like groveling and i know there are so many people in0.99
00:04:04.260media try to say no no he's actually being a strategic genius right now strategic genius i.e
00:04:10.420he's having to beg for forgiveness true partnership that reimagines cooperation in specific sectors
00:04:20.260that are deeply challenged by global competition a partnership with a different canada a stronger
00:04:26.580canada a more confident canada a country that is applying the lessons from past crises a country
00:04:32.980unleashing its enormous potential a country aggressively translating our belief and openness
00:04:40.900into dozens of new partnerships a country that's predictable reliable and principled in a world
00:04:46.980that's anything but oh hey this this clip doesn't actually include the america make america great
00:04:52.420again thing i was actually wondering if that was going to be included because that was like the
00:04:55.700big line that was going around saying you know a strong canada is a great way of you need a strong
00:05:01.700Canada to make America great again. So apparently he even he knew his own followers would not like
00:05:07.580that line. So he did not cut it, put it into the clip that he ended up posting on his old social
00:05:12.300media. So that's very telling. But now let's get into what the conservatives have been saying in
00:05:17.260the aftermath of the recession being announced. Because no matter what people try and tell you,
00:05:22.800it is a recession if you've gone through two quarters of a GDP decline, not just GDP per
00:05:29.460capital decline, just overall GDP has gone down. So this is the post that Pierre Polyev made
00:05:37.140just this morning here. It says, bring it up on screen, breaking news, Mark Carney is the only
00:05:47.340G7 leader to have driven his economy into recession. All other G7 countries are facing
00:05:52.700the same issues with tariffs and the same global challenges, but none are in recession. In fact,
00:05:58.040Mark Carney says we still have the best deal with the Americans, no matter what people say.
00:06:02.760So he, based on his own standards, should be having the easiest time fighting through the current challenges of the global economy.
00:06:12.480But Polly here goes on to say, excuses, speeches, fine words, and signing ceremonies do not make the economy grow.
00:06:19.100Kennedy is the only G7 country in recession because Mark Carney's liberals have increased the industrial carbon tax, maintained anti-development laws, and doubled Justin Trudeau's debt.
00:06:28.040Now, I agree with most of what he says at the last line there saying it's because of things like the industrial carbon tax and anti-development laws. It's more than just that, though. It's just the overall taxes, overall regulations, overall just bad business climate.
00:06:46.200If Pollyov really wants to make a point right now about how Mark Carney's bad for the economy and he knows how to fix it, run on a big across-the-board tax cut, 15% to 20% every bracket, including corporate, and why not take a point off the GST for good measure?
00:07:04.760Why not? Because right now, people are open to hearing new ideas on the economy. Don't just run on tinkering around the corners by saying, oh, I'll also spend the gas taxes for a year. Who cares?
00:07:16.200Get rid of a tax forever. Lower a tax forever. That's the way you do it. And don't just lower a tax for the first $50,000 people made. It's pathetic. People don't even pay taxes on the first $18,000 you make. It's exempt. And then you only have to pay a very small percentage on everything up to $50,000 after that.
00:07:36.440run on reducing taxes for people making over $100,000. Again, we are in a situation where
00:07:43.540if you've ever heard the Laffer curve, it's just this general concept that if you tax people 100%,
00:07:48.260you will raise no money. And if you tax people 0%, you'll raise no money. Obviously, the government
00:07:54.060brings in no revenues if you don't tax people. But if you tax people 100%, what's the point of
00:07:58.460working? Nobody will work. And so you will collect no taxes. So there's somewhere in the middle
00:08:04.520lies the tax rate that will get the most amount of revenue. And it's not a higher tax, it's actually
00:08:10.740usually a lower tax that brings in the most revenue, because people are incentivized to work
00:08:15.720more, they produce more, they expand their businesses. So the pie grows from the of the
00:08:22.520portion and the portion that the government takes, although it's a smaller percentage,
00:08:26.640ends up being more valuable than like socialist countries that tax people like 60%. And everyone
00:08:32.840just basically works enough to stay alive, and that's kind of it, because what's the point
00:08:36.560if they're going to take everything away from you, pretty much? But anyways, now I want to move into
00:08:41.560some of the clips of Pierre Polyev speaking at his press conference this morning. You can't
00:08:47.180underestimate just how big of a win this is for the Conservatives, and it's kind of ghoulish because,
00:08:52.320yes, it is a win based on the economy not doing very well, but, you know, Polyev's point is now
00:08:58.400proven, and he should take a victory lap on the fact that he was right about Pekarni being
00:09:02.100incompetent in the g7 to have plunged his economy into recession he's been prime minister for four
00:09:10.300quarters now the economy has shrunk in three of those quarters he's the only g7 leader who can
00:09:17.060say that the economy is smaller today than when mark carney became prime minister a year ago
00:09:23.380he's the only g7 leader who can say that he's been uh mark carney uh will like to make excuses
00:09:33.720today but let me ask him a question but before i do i'm going to actually quote back to him
00:09:38.420something he said to one of you mark carney said to one of the journalists rosie look inside
00:09:44.500yourself well i'm going to ask mark carney to look inside himself and i'll ask him directly
00:09:49.940Mr. Carney, if it really is global factors and tariffs that have given Canada the only recession in the G7, why have France, Italy, Japan, Germany, the United Kingdom and the United States all avoided a recession?
00:10:07.960in fact again we have the best deal with the united states still on trade so why are we
00:10:14.180getting down in the dumps right now if by mark carney's own admission that we have all the
00:10:19.340advantages at the moment and by the way even if and this is kind of paulia's point even if all
00:10:24.600those things were affecting our economy what's your excuse for not doing anything about it to
00:10:28.880grow the economy not throwing money into the economy and try and stimulate it artificially
00:10:32.720but lower taxes or regulations they get a better place to invest but carney doesn't want to do that
00:10:38.220because in his heart he's a big government liberal who wants to grow the economy through
00:10:42.780means of the government they all have the same tariffs and the same global factors yet none of
00:10:47.140them not one is in recession only mark carney has the distinction of leading his country
00:10:51.900into a recession but of course the media comes to try and defend mark carney and that is why i now
00:11:00.080to show you one of the funniest clips from today and that was a hill times journalist trying to
00:11:06.400basically play defense for mark carney and saying well you know it's only a technical recession and
00:11:11.280isn't this somehow bad of you for going after him or you could be wrong in the future because
00:11:17.040forecasts show that we might grow blah blah blah sorry mr probably just to jump back to the economy
00:11:23.760real quick um in q3 2025 the economy grew at an annualized rate by 2.6 percent we have economists
00:11:30.640saying that today's numbers are so nominal they could be forecasted away and revised away so
00:11:35.280aren't you jumping a little bit calling this a full-blown recession right a recession guys is
00:11:41.440two quarters half a year of no growth you don't get to do this where it's like no it's a technical
00:11:47.920recession now if a conservative was prime minister would the liberals or the media be
00:11:52.480saying it's a technical recession for two quarters in a row of decline. Now, we had second quarter
00:11:59.440decline also in 2025. Third quarter was up, which is really not that hard. If you've had a bad
00:12:06.000month, it's easier to have a good month afterwards simply because you're in a hole and basically just0.98
00:12:11.360stepping out of the hole technically counts as growth, which is kind of pathetic. But we've had0.90
00:12:16.400two quarters of decline. You don't get to say, well, it's not really that big of a deal. I'm
00:12:21.520sorry did anyone who voted liberal uh because he's an economist think that we were going to have
00:12:27.440three quarters of lowering gdp with him at the helm it doesn't matter what trump does you could
00:12:34.000be growing the economy like like like gangbusters right now if you simply just cut tax across the
00:12:40.160board 20 you would have the economy explode overnight because everyone would start investing
00:12:45.120if you got rid of all the dumb carbon taxes and like you know bill c69 bill c48 and deregulated
00:12:51.280you would have so many business expansions in this country. But again, Carney doesn't believe
00:12:56.880in the free market, he believes in government managed free markets. And so every single one
00:13:01.920of his solutions has been the government coming in from on high and trying to drive investment
00:13:07.280artificially itself rather than letting it happen organically by getting out of the way.
00:13:11.600But I'll get back to this interaction here. So I know that there's a lot of excuses being
00:13:17.120made for mark carney today and i i'm not surprised by the way which outlet are you with
00:13:21.700it's 2.6 economy excuse or is that just the number it's actually there's no 2.6 percent
00:13:28.860economic growth the economy if i could if i could sorry this guy's just arguing with him you won't
00:13:35.060even let poly of answer his smarmy question well you know economists say that we could just forecast
00:13:40.340away this problem in the future oh in the future this would this this won't actually be that bad
00:13:44.640of a big of a problem because by end of year, maybe we're up. It's like, okay, we're still in
00:13:49.320a recession because month to month, we are struggling to grow. We are sometimes declining.
00:13:55.480We are growing. A recession is not a depression. A depression is when you're just going down.
00:13:59.460A recession is like basically you can barely move upwards. Obama was the president during
00:14:06.000a recession. Most of the quarters, he was president. The economy did grow, but it's
00:14:10.680barely growing there was a few months of decline and then later on we're barely growing because
00:14:16.380to get out of a recession you don't just have two quarters of growth you have to have like
00:14:20.520substantial growth that are beating inflation we're not just not eating inflation we're reversing
00:14:26.060course and when they're going to somehow they're going to like attack polyev for pointing out the
00:14:30.920obvious fact that this isn't good so you're having to go back how many quarters are you having to go
00:14:35.940back now so you're having to go back okay so let's get this straight there's been four quarters
00:14:40.900since mark carney became prime minister the economy shrunk in three of those four quarters
00:14:46.000canada is the only g7 country for which that is the case there's now been an entire year of mark
00:14:53.340carney that is recorded in economic data and the gdp is smaller today than when he took office
00:14:59.600that is only true of canada among g7 countries and now there are two back-to-back
00:15:05.700quarters where the economy shrunk which is the literal definition of a recession canada and by
00:15:13.920the way it's not just that our economy is shrinking quarter after quarter it's that we
00:15:17.980have the second highest unemployment in the g7 you think that the you think that the 120 000
00:15:24.580people that lost their jobs since the beginning of this year call this just a technical recession.
00:15:30.820No, they call this real job loss. And then you have the delinquency rate that is up 32 percent
00:15:38.640year over year at 17 year highs. We have the highest household debt of any country in the G7,
00:15:45.640the worst housing costs of any country in the G7 for most of the last year, the worst food price
00:15:51.800inflation of any country in the G7. So yes, you are making excuses and trying to hide from the
00:15:57.600reality that Mark Carney has given Canada the worst economy in the G7. And it's time to stop
00:16:03.720making excuses, not for political reasons. It's time to stop making those excuses because this
00:16:08.940is people's lives. Behind these statistics are empty stomachs, empty fridges, and empty bank
00:16:15.500accounts. Behind these numbers are 120,000 people who have come home to their kids saying,
00:16:20.360we can't have you registered for hockey this year. We have to sell our home. I don't know
00:16:25.240what we're going to do. That is the reality of Mark Carney's economy, and it's trying to stop
00:16:30.380covering it up with illusions. Now, if you actually check out the current headlines right now
00:16:35.500from the various media outlets, some of them at best are calling it a technical recession. Others
00:16:40.360are saying there are recession worries out there. There's worries that a recession could come. The
00:16:44.560recession has already come. I'm sorry, why are we changing the definition of what a recession is?
00:16:48.440And he's right. It's not just that, let's say, we, you know, we sent back a bunch of TFWs or we sent back a bunch of people.
00:16:55.460You know, it's not like, you know, we lost some population because we moved people out of the country and the GDP fell.
00:17:01.000That shouldn't happen with a functional economy.0.97
00:17:04.460Getting rid of some cheap labor, putting you into a recession is absolutely pathetic.
00:17:08.760And it shows the only thing that was keeping us pretending we aren't in a recession was by just importing cheap labor,
00:17:14.460which was in fact causing the GDP per capita to be going down for literally like countless
00:17:21.040quarters. I think it was like eight, nine quarters in a row, the GDP per capita was falling in
00:17:25.980Canada. And the only reason the GDP was going up under Justin Trudeau is because he kept importing
00:17:30.020people. But that doesn't mean you're actually a healthy economy. And now that we've gotten rid
00:17:34.060of the illusion of growth from just cheap labor, now it's becoming very clear that the economy
00:17:40.460doesn't function properly and we're in a recession. But of course, the media is now
00:17:44.140going to try and defend him. But this is a fantastic new cycle for Peter Palliev. And
00:17:50.040Mark Carney is absolutely praying that they can find an excuse to end parliament early because
00:17:56.300he's not going to want to step into question period now. There is nothing he can claim that
00:18:01.480he is doing right when the economy is not actually growing. Because everything he's hanging his hat
00:18:07.660on the idea that he's making historic investments. Okay, well, you've been making those historic
00:18:12.840investments for over a year. Why does everything suck? Again, the thing is, economies can turn0.97
00:18:19.120around very quickly. Look at Javier Mele in Argentina. Back in British Columbia in 2002,
00:18:26.620when Gordon Campbell just slashed taxes across the board like 50%, some of the brackets were
00:18:30.760lowered massively. Literally, the next month, the economy was growing massively. Because if you give
00:18:37.080you know if you let the free market work it will work very well anyways the one thing i will have
00:18:42.580to criticize pure poly of here for is look at that tie guys look at it this is my jihad that i'm still
00:18:48.800on he's wearing a navy tie and a navy suit and maybe it does make sense because you're delivering
00:18:54.640bad news and you're commenting on bad news he needs a different colored tie and i have in fact
00:19:00.100rectified this issue because i went to his event in vancouver and i handed his team the brown tie
00:19:06.080I have sometimes worn demanding that he starts wearing that tie or another tie with some color.
00:19:12.460My entire life's goal is to make beer poly of wear a little bit of color because every day he continues wearing a navy tie and a navy suit and it's becoming a bit generic.
00:19:23.260It actually hurts the, it literally does hurt the spread of his video clips when you see an image of it and you don't know if it's this week or it was like a year ago because he's been wearing the same thing every day.
00:19:35.500if you actually wear different things visually it indicates that a new video that's out is in fact
00:19:40.660new because they knew what you wore the previous few days not that you like literally memorized it
00:19:45.600like psycho psychologically it helps people know that it's a new video when there's a slight
00:19:50.480difference in how in your appearance anyways so with all that being said thank you guys for
00:19:56.360watching this video i will be back no doubt later to cover more of the media's excuse making on the
00:20:02.620recession. But until then, make sure to like, share, subscribe, leave a comment. Consider
00:20:08.620hitting the join button and becoming a channel member. And I will see you guys all next time.