The National Telegraph - Wyatt Claypool - June 02, 2026


Carney Flees Reporter Asking About Recession, Stages Softball Press Scrum


Episode Stats


Length

22 minutes

Words per minute

176.71

Word count

4,002

Sentence count

195

Harmful content

Misogyny

1

sentences flagged

Toxicity

8

sentences flagged

Hate speech

2

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

PM Mark Carney is running from the media over questions about the recession that he put Canada into. Check out this clip from Laura Stone at the Globe and Mail where she was trying to get him to answer a question as he exited an event.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph YouTube channel.
00:00:06.540 Yesterday, Prime Minister Mark Carney went from hiding from the media to literally running from
00:00:12.940 the media over questions about the recession that he put Canada into. Check out this clip
00:00:18.800 from Laura Stone at the Globe and Mail, where she was trying to get Carney to answer a question
00:00:23.820 as he exited an event. I love this moment because you can see in real time him regretting his
00:00:47.060 decision to walk over to Laura Stone here. And it's not like Laura Stone is some right-wing
00:00:52.660 journalist. I believe she works at the Globe and Mail, a very liberal-leaning paper. But he saunters
00:00:59.000 over, I guess thinking very naively that this was not going to be about the recession. And then as
00:01:05.980 soon as she says recession, he just like, you know, his mind clicks into gear and says, you don't know
00:01:11.240 what to say on this one, Mark. Get the heck out of there. And then he says, oh, I think I have to go
00:01:15.920 over here. But he obviously locks eyes with her, slows down because he thinks he's going to answer
00:01:21.160 a question realizes he can't and then moves on prime minister can you comment on the look at that
00:01:28.280 eyes lock in he's walking over he is engaging laura stone and then as soon as she says recession
00:01:33.720 his mind is going to break and he's going to leave on the claims about a recession i think
00:01:38.760 and the economy sir
00:01:43.880 laura stone i guess apparently brought him into her tractor beams he was shaking hands 0.96
00:01:49.960 with that one woman. And then he looks at her, starts approaching her, not moving towards the
00:01:54.460 door. And then she says, recession. And then his mind's like, oh, crap. I don't know what to do
00:02:02.080 here. Abort mission. And then he flees, says, oh, I think I have to go over here, even though he's
00:02:07.000 obviously not in that much of a hurry. Like, he's had a bunch of casual events over the last few
00:02:12.600 days. And somehow he can't find time to actually answer any questions about the recession. Now,
00:02:17.960 this morning he did address the recession in front of tv cameras but i'll be getting to in
00:02:23.140 just a second about why it was basically a fake media moment where it was probably told to the
00:02:28.460 media you guys will ask one question about the recession he will do a drive-by shooting on that
00:02:33.440 topic no matter what he says no follow-ups just ask a bunch of unrelated questions to other files
00:02:39.300 that is it or you guys will never get a question again uh but before i get to that i just wanted
00:02:44.160 to get to conservative party leader Pierre Polyev's reaction to him walking out. Polyev says,
00:02:49.520 this is the kind of decisive response to a recession that only a master economist and
00:02:54.260 crisis manager could give. Now, I like this kind of response from Pierre Polyev. Now,
00:03:00.780 you could say, well, it's basic. Obviously, he's going to call out like Mark Carney for running
00:03:05.040 away. Yes, of course he is. But I like the mockery angle. I think that the conservatives should just
00:03:12.140 Mark Carney into submission. This man and the Liberal Party marketed him as some sort of
00:03:18.280 financial and business guru, the governor of the Bank of Canada, the governor of the Bank of
00:03:22.880 England, the chair of Brookfield, a Goldman Sachs man. And he plunged us into a recession
00:03:29.880 when even Justin Trudeau didn't do that. That is the angle that they should go with,
00:03:35.440 that Justin Trudeau was somehow a shrewder financial manager than Mark Carney. And you
00:03:42.500 can even, people would say, well, Justin Trudeau was pretty bad too. Yeah, in the last few years,
00:03:47.220 he was really bad. And that's because Mark Carney was his financial advisor. Who could
00:03:52.800 have guessed that the guy who sucked as the financial advisor would be also a bad prime 0.99
00:03:57.860 minister too? But just in a second here, we're going to get to the CPAC footage of Mark Carney
00:04:03.320 finally addressing the recession issues where he just basically shotguns out a bunch of excuses
00:04:10.080 and moves on very quickly. But before we get to that, I just want to remind you guys, if you like
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00:04:48.300 and the difference has already been made by many people, and I salute everyone who's already a
00:04:52.820 channel member. But now let's get to the CPAC footage. And then afterwards, we will be going
00:04:58.640 over to Pure Polyev's own press conference on this, where, of course, the media brings up
00:05:04.600 the 50 first state comments by Donald Trump, which I'll probably make a completely different video on.
00:05:10.440 Or maybe I won't. I might just because it's such a different topic in terms of how the media is
00:05:16.200 reacting to it. But here is Mark Carney today coming out of his den to talk about the recession.
00:05:22.820 so the only question that gets shouted by a reporter and this is why i think it's staged
00:05:32.480 there's a bunch of journalists at the top of the stairs usually there's a gaggle of people talking
00:05:37.320 mr prime minister blah blah blah oh mr prime minister blah blah blah blah and just constant
00:05:43.000 questions and he picks the one he wants to answer the fact that only one person said what about the
00:05:48.480 recession and then he's going to answer it no one's going to have a follow-up probably means
00:05:52.240 the prime minister's office says okay you will come out you will ask one recession question and
00:05:57.280 then every single one of you are going to shut up and take his answer i'll say this about the
00:06:02.480 economy which is that uh you know we're in the process this government's been in the process of
00:06:07.360 laying the foundations for a stronger more resilient more independent canadian economy
00:06:13.920 that process is settling in during that time as we make major investments major changes to
00:06:21.120 how the government operates how we do major projects how we have uh new trade agreements
00:06:26.880 with other countries well everyone knows when you're laying a foundation you have to dig into
00:06:33.440 the ground a little bit and that's what he's doing here he's digging canada into the ground
00:06:37.440 and the recession is just part of the plan guys and also guys we're making big mate we're making
00:06:44.000 new major investments and of course whenever there's new major investments made into a country
00:06:49.120 that country has a literally a lower GDP during the time that those investments are made. Does
00:06:55.760 he even listen to himself? Like he's now going to contradict himself in a second here and say,
00:07:00.020 oh, well, actually, we haven't been spending as much government money as we could have. And,
00:07:05.500 you know, the population is going down and other stuff like that. That's why we have a recession.
00:07:11.880 It's always difficult. I should always remember to go up the stairs more slowly
00:07:15.940 or get in better shape as we do all that the the data is going to be uneven and you know we see
00:07:24.840 some weakness in part because of clear decisions by the government so we have taken back control
00:07:33.020 of immigration that's meant the population growth has flattened in fact it's it's slowed
00:07:39.700 or it's been negative for the last two quarters we have reigned in government spending so it
00:07:45.360 have been growing close to 10%. It's growing less than 2% now. So that's also something that weighs
00:07:51.400 on. There's some other... Yes, but you're saying it's going up by less than 2%. But that less than
00:07:56.660 2% increase in government spending is following years where it was going up like 5% and 7%.
00:08:02.980 So you know, it's actually compounding. And it's close to a 2% increase in government spending
00:08:09.000 at a time when we are not even growing anywhere close that. In fact, we're shrinking. So we have
00:08:16.660 the economy slightly shrinking and we have the government spending still going up. That's a
00:08:21.580 really bad sign. It shows that even the government at this point can't spur the economy into some
00:08:26.300 fake growth. And also mentioning that, well, we also are going down a bit because we are shrinking
00:08:32.620 the population a bit. A lot of TFWs and students are going home. By the way, good thing. At the
00:08:37.480 same time, it's exposing the fact that the economy was only growing back in the day off of
00:08:43.340 artificially jamming people into the country. Because technically, if you add someone in the
00:08:47.540 country and you shake them upside down and a few nickels come out, technically the economy has
00:08:51.860 grown. That's how the liberals were growing the economy for a long time. So now that people are
00:08:55.900 going home, it's exposing all of the rot underneath the floorboards. It was never a healthy economy.
00:09:02.280 We just had basically new wallpaper put up and we were spraying Febreze to hide the smell.
00:09:07.880 That's all that was happening.
00:09:09.280 And now he's trying to give himself a pat on the back because he's laying the foundation
00:09:12.400 after previously having promised that we were going to see growth at speeds never seen for generations.
00:09:19.980 Choppiness in terms of how investment is happening.
00:09:23.360 But we're also seeing at the same time the foundations coming into place,
00:09:28.520 settling in for that stronger, more resilient economy.
00:09:31.760 So, for example, if you look at business investment, particularly in machinery, equipment, in R&D, in intellectual property, that's actually up quite sharply in the last couple of quarters, including the most recent quarter.
00:09:44.880 If you look at household incomes, they are now growing strongly.
00:09:49.960 They continue to grow faster than the rate of inflation.
00:09:54.020 They are not.
00:09:55.000 They are not.
00:09:55.620 Yeah, Polyev pointed it out, I think, in his press conference, as well as in QP, the actual per capita income growth since Carney has been prime minister has been like 0.2 percent or yeah, like 0.02 or whatever.
00:10:09.480 It's basically negligibly up. It's not beating inflation. It's like it's just it's just bad growth.
00:10:17.340 No, we're not. People aren't making more money. And maybe I'll even go to the whiteboard on this just to prove my point here.
00:10:22.880 We're not making more. We just got rid of a bunch of very low income TFWs, which means technically now the average person makes more because we got rid of the bottom part of the chart.
00:10:34.160 And now we're only at the lower, lower bottom, medium and higher point.
00:10:38.620 It doesn't mean more money has entered the economy, which is why the GDP is down.
00:10:42.800 There's more to be done without question, but they're moving in the right direction.
00:10:46.140 So you have these cross currents as the economy is being fundamentally transformed.
00:10:50.920 we're going to continue to work we're making progress but there's more to be done
00:10:54.060 and then he just goes into french questions like literally the rest of this is just him
00:11:00.160 answering questions in french one question he answers in english which i think also has to
00:11:05.120 do with quebec or just some other niche topic it immediately cuts off nobody nobody wants to
00:11:11.520 pipe up and say hey well you said all those things justifying why we're in a recession
00:11:16.780 Can you acknowledge we're in a recession? Hey, you went down to New York, kind of sounding like
00:11:21.660 you're begging the Trump administration for a trade deal. Now Dominic LeBlanc is going down.
00:11:26.440 What's going on with that? Are we close to a deal? Is the recession spurring you guys to take it
00:11:31.040 more seriously? You know, Mexico is not in a recession. None of the other G7 countries are
00:11:36.480 in a recession. Polly have said this about you. How do you respond? You know, Blanchett said this
00:11:41.720 about you? How do you respond? Nothing. It just goes silent. Because clearly what had happened
00:11:47.260 there is that the media was effectively told that you are getting one question on the recession.
00:11:54.100 He's going to do a drive-by shooting on it, not even acknowledge the recession's going on.
00:11:57.660 We're just digging a foundation, guys. Don't worry. We just got to dig into the ground and
00:12:02.060 put the Canadian economy into a hole for a little bit, because that's what's going to
00:12:05.640 cause us to burst forth like a phoenix from the financial ashes. Don't worry, guys. We're all
00:12:12.500 good. And nobody has a follow-up. It's a stage presser. It's very obvious. But now let's get to
00:12:20.400 conservative leader, Pierre Polyev, acknowledging the media. He actually, this is what a real press
00:12:26.400 conference looks like. This is what a real scrum looks like, where media throws questions at him
00:12:30.840 from left and right, and there's not this strangely quiet politeness, even though the
00:12:37.640 Prime Minister should be the one in the hot seat, not the opposition leader.
00:12:40.760 I think for a national, I do Canadian Heritage moment, the Prime Minister has answered a
00:12:47.840 question from reporters, so I just take a moment to acknowledge this historical time
00:12:54.020 in our Canadian story. The Prime Minister has obviously been hiding from all of you
00:12:59.460 since the devastating news that we were all saddened to learn on Friday
00:13:06.380 that Canada was the only country in the G7 to have fallen into a recession.
00:13:12.740 And, of course, this is terrible news for the 112,000 people
00:13:17.700 who've lost their jobs in the first three months of this year alone,
00:13:21.520 for the many thousands of Canadians who are part of the 32% increase
00:13:27.420 in delinquencies, mortgage delinquencies, the highest in nearly two decades, the 2.2 million
00:13:33.220 people relying on food banks, a record smashing number. Real people are suffering in a way that
00:13:39.300 they're not suffering in the other G7 countries. And today, the prime minister wouldn't even answer
00:13:45.740 your question. You asked him point blank, are we in a recession? And he refused to answer that
00:13:50.900 question. Five days have gone by. The prime minister has been in hiding from this devastating
00:13:57.740 economic report. And when he does finally appear, he can't even answer a basic yes or no question.
00:14:05.520 What he should have said is that, yes, we are in a recession. And yes, the single mothers who are 0.50
00:14:11.440 having to turn back items at the checkout in grocery stores and then go to food banks that
00:14:16.720 have also run out of food, they deserve a prime minister who will look them in the eye and say,
00:14:22.660 admit that there is a recession. The young couple that's been working for four years,
00:14:27.000 living in a 400 square foot apartment, can't afford a home. They deserve the prime minister
00:14:30.860 to tell them the truth that yes, he has caused them a recession. The father in Windsor who's
00:14:36.380 gone home to tell his kids that he's lost his job, they're going to have to sell the home,
00:14:41.200 There's not going to be any hockey or vacation this summer.
00:14:45.320 They deserve to have a prime minister who tells the truth that we are the only country in the G7 that is in a recession.
00:14:54.860 Guys, see, this is like a real presser after he's done his opening statement when he walked up to them.
00:15:00.380 Suddenly, everyone's yelling and trying to get a question in edgewise.
00:15:03.120 If I could, if I could, the prime minister instead spread misinformation.
00:15:07.200 he told all of you that investment has been up the last two quarters well this is a quote directly
00:15:14.860 from the stats can report business capital investment fell 0.7 percent in the first quarter
00:15:21.220 of 2026 the fifth consecutive quarterly decline and so the prime minister once again is failing
00:15:29.840 the canadian people by refusing to tell them the truth that he caused a recession it's the only
00:15:35.560 recession in the g7 the only recession in north america and he needs to rapidly reverse the
00:15:41.000 liberal policies that caused that recession so yeah and then everyone starts bringing up donald
00:15:49.860 trump which we will be covering in another video but i thought it was i thought again i think
00:15:53.720 all he has a rhetorical line here is quite effective and i think that just keep hitting
00:15:58.740 him on being a liar not being a business and financial guru because i don't actually look
00:16:04.400 there's certain elements of his statement that I don't like in the sense that I don't like too
00:16:08.540 many personal examples. Oh, there's somebody who has to return groceries to the shelf because they
00:16:13.340 can't afford it and whatnot. I, because there's so many people who, Carney's based, to put it
00:16:19.380 frankly, and if you're above the age of 65 and you have a pension and whatnot, this is not a shot at
00:16:25.100 you, obviously, but you know in your own life, if you're in that age bracket, that there are tons of
00:16:30.220 people around you, whether they're your friends or just acquaintances, who vote liberal because
00:16:34.420 they think Carney brings them stability. And they think that Carney's this economic guru,
00:16:39.100 and he was the governor of the Bank of Canada, how could he be bad? But they're not actually
00:16:42.700 suffering the really blunt force kind of issues that the economy is facing. Because you're living
00:16:49.920 on a pension, you basically have a guaranteed income, you're not losing your job, you have a
00:16:54.840 lot of equity built up in your house and whatnot, you have a lot of money. What those people need
00:16:59.920 to be basically have done is shame them into thinking that this guy's good at his job.
00:17:05.060 He's clearly not. Business guru, he just put us into a recession. That's how you get at older
00:17:11.560 voters. You've got to kind of shame the decision making in thinking that this guy was ever good.
00:17:17.020 He was never good. He's a liar. He's spreading misinformation about the economy. He's running 1.00
00:17:22.080 away from me because this is the sort of the problem is that unless you're facing a specific
00:17:27.780 economic pain in the economy. Just mentioning that pain isn't going to be enough to win over
00:17:33.760 a voter. You also need to go after the people who are financially stable, who are well off.
00:17:39.000 You know, they still care about the economy, but does not as much as, you know, the person who's
00:17:42.920 32 years old and doesn't have a job. You need to get out the people who are, you know, maybe even 0.97
00:17:47.920 living well in retirement that you can't vote for this guy because he's lying to you. And if you
00:17:53.320 vote for him again, you are willing to be lied to. You're basically saying, I'm dumb, please tell me 0.99
00:17:58.380 sweet nothings about how great we are, elbows up, Canada strong, when he's not doing that. He's 0.87
00:18:04.440 letting the Americans eat his lunch because he, in fact, is a bad financial advisor. He is, in fact,
00:18:10.840 not a good businessman. In Brookfield, he just cornered the subsidy market, which made it so that
00:18:15.760 basically through government connections and networking, he could invest money into areas
00:18:20.720 where it doesn't matter if it's productive or not,
00:18:22.580 the government's going to pay you to fail.
00:18:25.020 And so that should be pointed out to way more people. 0.86
00:18:27.980 This guy has always been a fraud 0.99
00:18:30.420 because people hate being taken for fools 1.00
00:18:32.860 even if they're well off 0.91
00:18:34.420 and the economy doesn't matter to them.
00:18:36.540 They don't like to vote for someone
00:18:38.860 because they thought he was going to do a good job
00:18:40.260 and he basically screws it all up
00:18:41.960 and was basically taking their endorsement
00:18:45.420 or basically taking their votes
00:18:48.140 and then not doing what he said he was going to do with them.
00:18:50.720 Anyways, I just would quickly want to address this is what I've written on the board.
00:18:54.700 I've just kind of created a fake economy here of jobs to show you if you haven't, if you
00:19:00.920 don't know what the trick that Carney's pulling off yet is, we have here is the like a bunch
00:19:07.720 of incomes.
00:19:08.800 We have 25 people making $150,000 a year, 75 making $80,000, 100 people making $55,000,
00:19:15.920 75 people making $45,000.
00:19:17.980 And Carney's claim that somehow the average Canadian household is making more money is based on a trick that requires no one to actually make more money.
00:19:29.140 It just requires fewer people to be around.
00:19:31.780 So we've suffered 120,000 job losses since the beginning of the year.
00:19:35.960 So let's say in all of that, one person at the top lost their job.
00:19:42.900 So there's now 24 people making $150,000 a year.
00:19:45.980 You know, a couple people in the $80,000 range lost their jobs. Maybe it's 71 people, not 75, making that income anymore. And then $55,000, it's dropped to 95. But because of the bad economy and because of the amount of TFWs that we're cutting, the $75,000 number at the bottom has actually hit 45.
00:20:10.660 five. It seemed a massive drop in the amount of people in sort of the retail fast food space. A
00:20:17.100 lot of people who are working very like minimum wage, if not below minimum wage jobs from TFW
00:20:23.620 programs. Now, what you'll notice is that the overall amount of money being made is down because
00:20:29.620 in every category we have had people lose jobs. So, you know, so one person, one fewer people
00:20:37.780 there, four fewer people there, five fewer people there, but we had 30 fewer people at the bottom
00:20:44.580 end. It's red all the way down, but technically in some screwed up world here, Carney is saying
00:20:52.540 that we are now making more money because the bottom was the one that suffered the most losses,
00:20:59.040 which means that technically overall, the average person in this list is making more like 75,000
00:21:07.580 a year or something like that. They're making $82,000 or whatever, because if you average
00:21:12.100 the rest of the incomes still in the pool, it's no longer what the average may have been before,
00:21:18.680 $65,000 a year. It's now $67,000 a year or even $68,000 a year, simply because on the bottom
00:21:26.120 of the economy, we just wiped out a bunch of jobs. Technically, if we just killed everybody
00:21:33.980 in the country or unemployed everybody in the country and left the only people when we only
00:21:39.980 had one person who actually was employed making money and that person's a billionaire technically
00:21:44.720 we now have the highest paid workers on the planet because we have one worker who's a billionaire
00:21:51.060 that's effectively carny's trick here we have we have we have a technical increase in average
00:21:59.020 income. At the same time, everything is down, including the overall GDP. But GDP per capita is
00:22:05.640 up 0.2% because we've just simply wiped out the bottom a little bit. A lot of people aren't even
00:22:13.220 working anymore. So the average person actually making an income is doing a little bit better
00:22:17.760 on a completely abstract technical level. Anyways, with all that being said, I will be back to cover
00:22:24.680 all the 51st state stuff because this drives me up a wall, but I've already eaten up enough of
00:22:28.980 your time in this video. Thank you guys for watching. Make sure to like, share, and subscribe.
00:22:34.440 Consider hitting that join button, and I will see you guys next time.