The National Telegraph - Wyatt Claypool - Carney hurts himself in year-end interview - Failure, Lies, and Excuses!

00:00:00.000 Hey guys, Wyatt Claypool here. Like I said yesterday on the channel, you can tell a lot

00:00:06.580 about where Prime Minister Mark Carney and the Liberal Party are at right now by just looking

00:00:12.220 at their own social media feed. They are trying to put their best foot forward, and that looks

00:00:18.660 pretty pathetic. They don't have anything to celebrate in 2025, and in that similar vein of

00:00:25.020 looking at their social media feed, I want to show you an absolutely abysmal interview that Prime

00:00:31.900 Minister Carney did on Global News. He just, again, doesn't really have anything to celebrate.

00:00:37.980 It's a meandering interview where he makes a lot of excuses, talks about future initiatives as if

00:00:43.180 they make up for current failures. The entire thing is just bad all the way through. If you voted for

00:00:49.800 the Liberal Party, I don't think this really gets you fired up for what the Liberals are going to do

00:00:54.640 in 2026, and the Liberals should in fact be scared of a 2026 federal election, because Carney has not

00:01:03.160 disproven that he is very similar to Justin Trudeau. Of course he's very similar to Justin Trudeau. He was

00:01:09.460 the economic advisor from 2020 until Justin Trudeau stepped down. But anyways, let's get into some of

00:01:16.880 these interview clips, and I do thank Mark Nixon for having been the guy who went through this interview

00:01:22.600 and clipped out some of the more interesting bits. But let's start off with this post on Mark Carney's

00:01:28.920 ex-account that was just uploaded two hours ago, and it says,

00:01:34.120 This year, millions of Canadians made the choice to buy Canadian, and by introducing our new buy Canadian

00:01:40.220 policy, so did Canada's new government. Here's to buying more Canadian in 2026, and there's just some

00:01:47.020 random picture, I guess, of him purchasing some Christmas tree on a tree lot. I'm not sure how

00:01:53.380 you wouldn't buy Canadian when buying a Christmas tree. You're not going to buy it from Texas or 0.95

00:01:58.660 Florida. Maybe some people get their trees in from Washington State or Oregon or from the Dakotas, but

00:02:05.280 I don't feel like that many people really do that. But he's still really trying to nail this whole new

00:02:11.540 government thing. The idea that, no, no, no, we didn't fail. That was Justin Trudeau and his liberals.

00:02:17.960 But Mark Carney and his liberals are a new government who are going to fix the problems,

00:02:22.820 even though Carney was around for much of Trudeau, and pretty much all of the MPs sitting on the

00:02:27.940 liberal bench are the same as what Trudeau had under him. But whatever, they're just going to keep

00:02:33.180 saying new government forever, as if that is not insulting the intelligence of Canadian voters.

00:02:37.680 But here's a clip of Mark Carney talking about the Memorandum of Understanding with Alberta,

00:02:44.540 and kind of fudging the whole pipeline side of this issue. Because when he mentions a pipeline,

00:02:50.160 he corrects himself and says potential pipeline, because he doesn't actually firmly want to commit

00:02:55.340 to a pipeline, because he's holding together a party where there are business liberals on the right

00:03:00.120 who want the pipeline built, and green liberals on the left who absolutely do not want the pipeline

00:03:05.020 built, and frankly, would like all oil and gas production shut down.

00:03:09.700 The production and the transportation of that oil.

00:03:13.760 It's clean oil, I think it's the term that Albert uses.

00:03:16.220 Yeah, decarbonized, decarbonized oil.

00:03:18.480 Yeah.

00:03:19.220 So that's, and then what else we've done, because the MOU, Memorandum of Understanding,

00:03:26.440 it is the pipeline. It is a potential pipeline. It's pathways.

00:03:30.240 The MOU is the pipeline, because he's trying to nail the idea, like guys, the MOU is all about the

00:03:37.180 pipeline. And then he actually corrects himself knowing that that's too aggressive for his green

00:03:42.000 left to say. So he says a potential pipeline. So even he is not guaranteeing anything. Because

00:03:47.760 before, the whole idea was that he was going to be the guy to build a pipeline. And now even in

00:03:52.920 interviews, where he could probably control what the questions were going to be about,

00:03:57.140 which all these sorts of interviews tend to be pretty staged, especially when you're the liberal.

00:04:01.280 And even in this interview, he messes it up and immediately starts having to hedge on whether

00:04:07.140 or not there's really going to be a pipeline built.

00:04:09.920 It is a six and a half times increase in the effective carbon price. It is 75% reduction in

00:04:15.060 methane. It is inertized with the clean grid of British Columbia. It's nuclear investment in

00:04:21.540 nuclear power as well. So it's a comprehensive approach to the medium term energy, which is a lower

00:04:26.940 carbon energy.

00:04:28.200 The climate.

00:04:29.040 See, you know what he did there, though? So he's talking about the MOU. The MOU is a pipeline,

00:04:34.400 a potential pipeline, he corrects himself. And then when he goes on to describe what the rest of

00:04:39.020 the MOU is, he's saying a six time increase to the price of carbon. It's a 75% reduction in methane.

00:04:46.080 It's the clean grid. It's all these other green initiatives. That's what it definitely is.

00:04:51.080 But when it comes to a pipeline, it's a potential pipeline. This stuff will absolutely be clipped

00:04:56.360 by the Conservative Party and used against him. And it absolutely should be. I just want to go

00:05:00.700 down this vein a little bit more, but we will eventually move on to some other clips,

00:05:04.580 like Carney effectively admitting that he is not going to get a trade deal signed with Donald Trump.

00:05:09.600 Climate change is not the urgent political issue that it once was. It's not on the top of

00:05:13.320 everyone's agenda now. In this moment that we are in, countries are pulling back from their net zero

00:05:18.260 commitments. Many countries haven't missed, haven't made their emissions targets, including Canada.

00:05:25.520 So where are we at on that?

00:05:28.880 Yeah, a couple of things. One, globally, we're off track. Exactly what you said. The ability to keep

00:05:38.180 temperatures below one and a half degrees is slipping, slipped away. The ability to keep them

00:05:43.720 below two degrees, which was the Paris objective, is what the focus is. That's the first point. The

00:05:49.340 second, in terms of Canada, we are also what the policies that I inherited are not sufficient to

00:05:56.940 meet our targets. Okay, not sufficient to meet our targets, 20, 35 targets. And in part, because

00:06:03.920 regulation, in and of itself, isn't sufficient, you need the investment alongside it.

00:06:10.460 No, no, no, that's not investment. That's called subsidy. I know he'll say that, no, we need business

00:06:16.240 to also get involved in our net zero future. But he's not actually walking back the idea that we need

00:06:23.520 to hit these targets. He's absolutely in favor of the targets. He simply thinks that there's just

00:06:30.060 another way of doing it. This is what I mean when I say he's just as left wing as Justin Trudeau.

00:06:35.620 Justin Trudeau is just the true believer who just basically thinks that he's going to regulate you

00:06:40.320 into this future. Carney will regulate and tax you into the future as well. But he's smart enough to

00:06:46.020 also pivot and try and create perverse incentives to also invest in like the net zero grid and green

00:06:52.600 energy and solar and wind, all this stuff. He will use government levers in order to incentivize

00:06:58.540 investment. But that's just simply turning, burning more money, but just making certain

00:07:03.540 small portions of people rich off of inefficient energy over time by having the government effectively

00:07:09.340 back their, you know, back their investment. So part of the shift of the government is to really

00:07:15.960 focus on those investments at scale. So that is clean grid. And you'll see early in the new year,

00:07:23.380 our electricity strategy for the country, our clean electricity strategy for the country,

00:07:28.680 associated nuclear strategy for the country, carbon capture being part of this solution,

00:07:33.540 and beyond. So it's about investment action in order to reduce those emissions. Because what will

00:07:42.220 happen, first off, there's the moral imperative of the moral obligation, responsibility for future

00:07:49.380 generations of addressing the issue, but is also the commercial reality. Climate has become less of

00:07:56.920 an issue politically, if you look at polling, but it is continuing the climate change continuing

00:08:03.040 remorselessly. And what is happening is that the importance of being lower carbon, whether it's in

00:08:08.900 energy, automobiles, aerospace, services, whatever industry will only become more important. You just

00:08:15.840 have to look at where China and others are going. Where China and others are going. How did he somehow

00:08:21.140 turn that into a compliment about China? Now, I really don't care where people get their energy

00:08:27.180 from. I think that really, we should just be a free market and you can get whatever energy that you want,

00:08:33.740 or whatever purposes you have. That is where we should be at. But imagine if you are a big climate change

00:08:41.260 guy, giving a compliment to China and basically saying, well, see, we still need these regulations,

00:08:46.540 we need to make these massive taxpayer investments into the clean energy grid and all these other

00:08:52.360 subsidies, because this is where the world's going. And this is where this is what China wants. So we're

00:08:57.220 apparently going to keep hurting our economy because it's what China wants, which really, to me, 0.98

00:09:01.480 just sounds like China has cornered the market on this particular, like China's cornered the market

00:09:08.640 on a lot of green energy, like subsidies and whatnot. And they want the US and Canada and the rest of the

00:09:16.460 world to get more involved in green energy so that they can sell us bad electric vehicles and other

00:09:22.120 sorts of products. That's really all this is. But I'll just move on to this next clip of Mark Carney

00:09:27.520 talking about trade issues. What I would say, I think there's actually more so just the state of

00:09:32.040 the economy right now, and trade in general, what I would say to Canadians, the good news is

00:09:38.320 virtually everybody wants to do more with Canada. So that's true in Asia, whether it's the Philippines,

00:09:45.820 Thailand, Singapore, the ASEAN countries, which are almost a quarter of the world's GDP, it's Indonesia,

00:09:51.160 it's the European Union, it's the UK, it's the countries of the Gulf, United Arab Emirates is going to 0.97

00:09:57.160 invest $70 billion, $70 billion in Canada that made a commitment to that. They made the commitment,

00:10:04.380 we didn't ask, you know, that that comes. So people want to do more with Canada, because we have what

00:10:09.660 the world wants. We have the values, which most of the world aspires, we're a reliable partner.

00:10:16.600 And we're an increasingly confident nation that has ambition. So people want to deal with us. Now,

00:10:21.820 how did we lose $50 billion to the United States, then? How did that happen? Plus, even to just try

00:10:28.260 and get Donald Trump to the negotiating table on trade, Carney started making all these commitments

00:10:32.560 for more investments from Canada into the US. The thing is, when he's talking about getting a deal

00:10:39.180 signed in the Middle East, oh, from the UAE, we'd get $70 billion. That's a commitment. Okay,

00:10:44.780 that's not real yet. It probably isn't actually going to materialize. He can keep saying, oh,

00:10:50.380 more countries want to do stuff with Canada. Well, maybe in a general sense that, of course,

00:10:55.480 any country would want to trade more than any other country, because it's good to have good trade ties.

00:11:00.220 But does the actual flow of money show us that other countries want to deal with Canada? And

00:11:06.540 they're absolutely not. Again, Carney is having to replace the idea that he doesn't have actual

00:11:12.940 successes, but he has theoretical successes in the future. Oh, countries want to do more with us.

00:11:18.220 Well, but they're not. Oh, we're a strong economy with good, with great values and all this stuff.

00:11:23.420 Okay, well, you can say that, but the actual current record says something different. You can keep

00:11:28.400 saying that we're strong, but we just had a GDP fall in October. We are getting destroyed by the

00:11:33.840 Americans when it comes to economic growth. That is good for our economy. It's good for jobs. It's good

00:11:39.820 for the future. It's good for our independence from the United States. But it also brings an 0.90

00:11:46.780 opportunity to help shape a world that is more dangerous, more divided. And we see an example.

00:11:55.900 I'll give you one example of that. We are a member of something called the Coalition of the Willing

00:11:59.880 to support Ukraine. So the United States is not a member of the Coalition of the Willing to

00:12:04.460 support Ukraine. We are major European countries. Australia is in the United Kingdom as well.

00:12:09.280 Yeah. Okay. Yeah. But America also, not even just by raw support, but per capita has given Ukraine

00:12:15.920 far more support than Canada. So him trying to like one up Donald Trump, the Americans on this one,

00:12:21.200 when they've been contributing the most is pathetic. Oh, but do you know that we're part of the 0.97

00:12:25.620 Coalition of the Willing? Look at this button I have saying that we're part of the Coalition of

00:12:30.240 the Willing. Like, it's just so symbolic what he's doing here. Oh, you know, symbolically,

00:12:34.620 we're better than the Americans on this front. Okay, but they actually do more. That's the 0.98

00:12:38.360 problem. Again, I keep saying again, but it's because it keeps happening. And again, again,

00:12:43.400 Carney is replacing not he's trying to replace failures with fake achievements. He has not

00:12:50.820 actually been doing more than the Americans. But he's simply saying, because I'm part of this

00:12:54.140 coalition, I feel more like more, I feel like I'm their moral better.

00:12:58.140 So we're helping to shape to create the possibility of a lasting peace possibility of a lasting peace

00:13:04.560 there through security guarantees and other support that's and that type of coalitions,

00:13:10.980 different countries coming together on different issues. I think we're going to see more of that

00:13:15.100 Canada with the right values and with influence because of we have what the world wants. I think

00:13:21.460 we it's so generic. Like, I don't see anyone watching this who would be like, Oh, wow,

00:13:26.520 we're in such a strong position right now because of Mark Carney. Now we have to get to him basically

00:13:31.860 blowing off the idea of having of getting a trade deal signed with Donald Trump. It's just a very

00:13:37.480 short 28 second clip. Have the tough negotiations, which we're having, have those discussions. And

00:13:44.320 then if a good deal is there, yes, we will sign it. But if it's not there, we're not going to sign a

00:13:48.660 deal. Just to be clear, there aren't negotiations underway now. There are not formal ones. But it's

00:13:54.200 there's negotiations about negotiations. How's that? That's the way it works.

00:13:57.840 Oh, you're a politician.

00:13:58.860 No, but that's the way it works. That's the way it works in trade. So we're the scoping,

00:14:01.940 the scoping of what's going to be in Kuzma, how it's going to be arranged and that's going to

00:14:06.460 Sorry, that's not the way it works. That's utterly pathetic. We're having negotiations about 0.98

00:14:13.000 negotiations. This has been my thing with Mark Carney the entire time. He keeps saying,

00:14:18.960 I'm not going to sign something if it's not good for us. Nobody thought that you're going to sign

00:14:23.920 it. No one wants you to sign anything bad. The problem is, is that it seems like Carney has been

00:14:29.780 unwilling to do real negotiations. Also, we had Doug Ford completely screw everything up with a

00:14:36.520 stupid Ronald Reagan ad. But let's be clear, I don't think we were actually that close to signing 0.99

00:14:40.680 anything. I think that gave just Donald Trump a good reason to get up from these, which is

00:14:45.100 worthless fake negotiations and walk away from the table and hope that Mark Carney would try and

00:14:49.640 chase him down and give him even more concessions. The thing is, every time we have given a concession,

00:14:53.880 it was for nothing. I am not saying it'd be more conciliatory or tougher. I want them to be more

00:15:00.540 coherent. If you're going to negotiate with the Americans, especially Donald Trump, you have to

00:15:06.420 find a way to give them a win-win. Yes, Canada can win, but America has to win too. If anything,

00:15:13.200 you almost have to let Trump have the idea that he won a little bit more than you. That's just

00:15:18.120 because that's how Trump works. Frankly, that's kind of how all American politicians work, because

00:15:22.620 they have elections far more often than Canadians do. They have elections every single year. Now,

00:15:28.600 those elections are not always the countrywide congressional elections. Last year, it was just

00:15:34.820 like Virginia and New Jersey and New York City and some few other places. But next year, all of Congress

00:15:40.780 is going to have to go through an election. And Trump doesn't want to stab his own Republican

00:15:45.660 congressman in the back by getting a deal that makes him look weak and makes their party look 1.00

00:15:50.060 pathetic. He wants something out of it. Now, Carney just has to give him basically good theatrics. 0.99

00:15:56.020 We could actually get to effectively a zero-tariff scenario if we were able to put something on the

00:16:01.320 table. We could get something else in exchange. But at the end of the day, it has to look like he's

00:16:05.620 defeated the Canadian tariffs, and it's far more fair for the Americans to trade with us.

00:16:10.460 I'm not saying if Trump is right or wrong. It is immaterial. But again, Carney is just blowing this

00:16:16.820 whole thing off of like, ah, you know, it's just how it works. Yeah, we're not actually negotiating

00:16:21.040 on trade. We're negotiating about negotiating. I'm like, this was your big thing. This was like

00:16:25.500 your only issue. And I can prove it. Here is a clip of him at an event when he was running for the

00:16:31.820 Liberal Party leadership, talking about not only has he dealt with men like Donald Trump before,

00:16:36.220 he has dealt with Donald Trump before. You soften him up. You soften him up for me.

00:16:41.640 No, like what our strategy with Trump, and I've dealt with Trump in the past. He respects strength.

00:16:47.620 He respects strength. Like a lot of bullies, he respects strength. And that's part of the reason,

00:16:52.460 look, we got to build here for ourselves. But it's also to show him that we are masters in our own

00:16:59.040 home, right? We're in charge. Yeah, that's not actually what happened. As we can recall,

00:17:04.580 there's a difference between Trump respecting strength. And you can't try and make a fool of 0.51

00:17:10.300 him either. Because again, he has his own domestic political concerns. And he's not going to make you

00:17:17.640 make you make him look stupid before his party faces a big reelection in November 2026. He's in fact 0.99

00:17:25.520 going to want to win out of this. And no, you're not going to be like, we're going to show him we're

00:17:29.660 masters in our own home and tell him to pack sand, then he's going to come to us groveling,

00:17:34.300 wanting to sign anything. That was like the way Carney was framing it to his own supporters.

00:17:38.840 And that's why, in my opinion, he's been completely unable to sign anything. Because the problem is,

00:17:45.320 is that he can't actually sign something that's realistic, because his own base is going to get mad at

00:17:50.060 him because he let Donald Trump win. Yes, of course, you're going to have to let him win.

00:17:53.720 You're signing a trade deal. Both sides have to go away feeling like they won something.

00:17:58.440 And here is just one more clip I want to talk about of Mark Carney talking about affordability.

00:18:03.760 Remember, this is all in the context of our per capita GDP continuing to go down. And in fact,

00:18:09.640 raw GDP fell in October. My final topic is about affordability. The single biggest issue when I said

00:18:15.500 I'm coming to interview you, and I asked people, what matters to you most? And they said the cost of

00:18:21.380 living, hands down. There are so many people, as you know, millions of Canadians who are struggling

00:18:25.840 to pay the rent, who have difficulty buying groceries because the cost of everything has

00:18:30.680 risen so much. What is your message to them? Oh, don't worry, guys. Mark Carney gave you 1%

00:18:35.620 back on the first $50,000 of your taxes, where you don't even pay anything on the first $18,000.

00:18:41.240 You're saved. You have another $300 in your pocket. You're going to survive the winter.

00:18:45.040 Are they, do they, do you just need to be patient? Is that what your message is?

00:18:50.640 Well, it's certainly not. The first is absolutely understand the scale of this issue. And let me,

00:18:58.120 and we have acted on it, and we will continue to act on it. And what an awful canned answer.

00:19:05.820 First, what you need to know is that the issue, it has scale. There is a certain size to the issue,

00:19:11.280 and you need to understand that. And then know that we're doing stuff, and we're going to continue

00:19:17.660 doing stuff. It's like, did you not prepare for a cost of living question at all? Again,

00:19:24.000 is this a disaster? Like he's falling on his face in the interview, and he just says something

00:19:28.280 incredibly stupid, and he lights his hair on fire? No. But he's supposed to be the confident, 1.00

00:19:34.140 stable, you know, CEO-brained type guy who just knows how the whole thing works, and he's going to

00:19:39.760 solve the problems. And he's just, it's just kind of, all of his answers are hedging. It's basically

00:19:45.460 attempting to spin failure as a big success, excusing failures. And right here, just basically

00:19:51.200 assuring you, don't worry, we're thinking about it. We're working on it.

00:19:54.680 Let me be more specific, which is that we had this huge surge in inflation after the pandemic.

00:20:02.320 Right. And then the overall level of inflation is now back to roughly where you want it to be.

00:20:08.900 Roughly where the bank should be. Oh, and by the way, we're not even growing at 2%. We've only grown

00:20:13.120 1.7% this year. So in fact, we have inflation once again outpacing productivity.

00:20:19.840 But the level of prices, that's different. The level of prices is still high. And on top of that,

00:20:26.800 the food, the expenses of people who are less well off in the country are particularly high.

00:20:33.540 Yeah. So the price of beef is high because of drought in the U.S. and challenges. Price of coffee

00:20:38.380 has gone up, you know, dramatically. So the price of groceries has gone up considerably. So there is

00:20:44.200 this affordability. So what are we doing? First off, we are. We would love if you would tell us,

00:20:50.700 Mark. We cut taxes for everyone who pays taxes. Oh my goodness, 300 bucks. 22 million Canadians. It

00:20:56.920 was the first thing we did as a government. And this is material, particularly for those less well off.

00:21:05.500 Second thing we're doing is we have preserved all of the programs in a tough budget, budget where we had

00:21:13.020 to take tough decisions, a budget where we're saving $60 billion, a budget where we're cutting

00:21:17.520 10% of the public service. Oh, six? We're saving money, guys, in a budget where we saved $60 million.

00:21:25.180 You would almost, by him saying that, you almost forget the fact that we have a $78 billion deficit.

00:21:31.360 It almost makes it sound good, the way he's saying, oh, we saved money in the budget. We're cutting

00:21:36.740 staffing. They're not cutting staffing. They are basically, they're doing this kind of attritional

00:21:40.960 cutting where in the future, you can't hire more people and you're going to start kind of having

00:21:45.240 your budget squeezed over time. But that's so over time, he's not even going to have to actually act

00:21:50.960 on it in the near future at all. It's again, one of those like future promises that in theory,

00:21:56.620 he doesn't even have to fulfill for like eight years. It's just, I guess it's an empty, it's just

00:22:01.440 an empty initiative to try and save money. 20% of consultants in the last budget,

00:22:05.800 we preserved rightly because these are fundamental. Child care, $10 a day child care.

00:22:12.300 It's been a disaster. It's been a very bloated system that's hurt a lot of child care providers

00:22:17.420 and caused many of them to shut down. National school food program helps 400,000 of our least

00:22:23.060 well-off children we've made. Why do we even need a school food program? Why don't people just have 0.99

00:22:28.180 more money in their pockets so they don't need the government feeding their kids? If you gave them

00:22:32.640 an actual substantial tax cut, they wouldn't need this. That permanent pharma care, dental care,

00:22:38.640 health care, the health care transfers to the Bronx, all the things that help on the margin.

00:22:43.960 Who in their right mind actually thought that the liberals were going to get rid of the health

00:22:47.680 care transfers? Those have been around forever. Those have been around since like the 60s.

00:22:52.540 Not yet enough. What we have to do as well is we have to look for other opportunities,

00:22:57.560 increase competition, get prices down. We have to end fundamentally what we have to do

00:23:02.240 is grow the economy. Yes, we have to grow the economy.

00:23:05.720 And that's the part that's going to take time. And I think that's the thing when people say to me,

00:23:10.340 well, how long is it going to take? Ask them how long it's going to take.

00:23:13.020 Well, look, it's we are doing a series of things.

00:23:16.800 Here's OK. That actually really annoyed me from the interviewer. It's not her job to get involved 0.99

00:23:22.340 and say, well, you know, that takes time. Does it? It doesn't. Cut taxes like 20 percent across the

00:23:29.700 board, every bracket, corporate taxes, even take a point off of the GST. Do it all. You would

00:23:35.280 actually be having the economy shooting up massively. We wouldn't be growing this year at

00:23:40.780 1.7 percent. We'd be growing at 5 percent. We could be growing even more than that because

00:23:46.140 there's so many people who don't want to actually invest their money in Canada's own economy because

00:23:51.720 it's just not a very good fiscal bet at this point. It's a country with too many taxes,

00:23:56.380 too many regulations. It's just a lot of the money is going towards the United States. Just

00:24:01.260 that just is more competitive. And on world economics, it actually is all relative. If

00:24:07.200 you are the most competitive economy, you will gain way more investment than everybody else.

00:24:11.940 But Canada is trying to gain investment while also not becoming more competitive. We have done

00:24:16.760 minor things. At the same time, we're doubling the industrial carbon tax to get Alberta to get

00:24:24.100 Danielle Smith to sign that MOU where she gets a pipeline. She also had to basically agree. 0.99

00:24:30.260 Hit my microphone there. She also had to agree to a bunch more regulations and a bunch more 1.00

00:24:35.440 costs on the oil and gas industry. I don't think she actually signed it thinking it's going to build

00:24:40.160 a pipeline. She signed it to show that she's a willing partner. And then when Mark Carney betrays

00:24:45.760 her, she can come out and say, he betrayed me. He was lying about actually being serious about

00:24:49.680 building a pipeline. But the problem is, yeah, around every corner, every time Carney pretends

00:24:54.980 that he is trying to do something to spur the economy, you either find it's just a stupid 0.98

00:25:00.080 subsidy that's costing taxpayers more money, or he's raising some sort of cost somewhere else. 0.99

00:25:05.260 It's all so fake. And the interviewer jumping in here acting like, oh, it's going to take some

00:25:10.000 time. No, it isn't. If you just stop being incompetent, it would actually be growing very

00:25:14.360 quickly. And we'll continue to look for others that help bridge over that period of time.

00:25:20.500 But at the core is we have to grow this economy. And we have to grow this economy in a way that

00:25:27.640 makes it more independent, more sustainable, that works with provinces and works with indigenous

00:25:33.480 people. We have. And by the way, guys, more independent just means less with the Americans.

00:25:37.760 You can trade more with China, and that's being more independent, in his opinion. You can trade with

00:25:41.760 the Europeans, with African countries, Asian countries. You can trade with all of them.

00:25:46.040 That's being more independent because it's not the United States. But the problem is,

00:25:50.480 as we've tried to trade more outside of the United States, I think our exports outside of the U.S.

00:25:55.580 has gone up like 14%. But our U.S. exports are down like 8 or 10 or something like that.

00:26:01.520 And the thing is, if you know that we mostly 76% of our trade is with the United States,

00:26:05.720 that 8%, 10% reduction is way bigger than the increase elsewhere of 14%. It's basic math.

00:26:13.680 I wouldn't understand Mark Carney. I wouldn't count on Mark Carney understanding it, though.

00:26:19.260 We have to do all of those things. That's why we're in such a hurry. That's why we're doing

00:26:23.080 the major projects. That's why we're launching Build Canada Homes, which will be cheaper homes

00:26:26.680 as they're built for Canadians.

00:26:28.280 Yes, because if you give somebody the equivalent of an amusement park concession stand,

00:26:33.680 yes, it will be a cheaper house. Of course, if you sell somebody less house, that house will cost

00:26:39.660 less. Although I still wouldn't count on it because it's the government doing it and they

00:26:43.360 still haven't turned out a single unit. So we don't even know what the costs are actually going

00:26:47.220 to look like. And he's pointing to the major projects office and his new major projects

00:26:51.860 initiatives. All they're doing is falsely pretending that they're fast tracking projects

00:26:57.140 that were already basically done anyways. Oh, the final phase, we'll just kind of sign that.

00:27:02.200 So it's approved a couple months early. It's like, okay, well, that's nice. I guess

00:27:05.840 that wouldn't be a bad thing. The problem is, it is a bandaid over top of a gaping wound of

00:27:11.720 an economic problem of not being able to get projects done. Simply fast tracking things that

00:27:15.860 are almost across the finish line anyways, is dealing with like maybe 5% of the problem.

00:27:21.180 But that's a lot of say is the last few words here and then we'll be done.

00:27:25.640 That's why we're striking all these trade deals internationally. That's why this job,

00:27:31.040 it's one of the reasons why this job where we started is relentless. It should be relentless.

00:27:36.720 And look, we're making progress. We got to keep on this track. We're in a stronger position than we

00:27:42.240 were nine months ago at the start of the year. But we got to keep going and we will keep going.

00:27:47.360 Are we in a stronger position? Like I genuinely don't even think that's necessarily true because we

00:27:53.480 just had later in the year a fall in the real GDP. Him pointing to the trade deals he's signing

00:27:59.960 internationally, these are nothing. It's like with the whole $70 billion investment commitment from

00:28:06.460 one of the Middle Eastern countries. No, it's not going to happen. All these trade deals that

00:28:10.700 Mark Carney signing isn't really getting any more goods exported from Canada or even imported from

00:28:16.420 those countries. There are vague commitments saying, hey, buddy, we should trade a little bit more.

00:28:20.920 That's pretty much all it is. But anyways, that should be it for this video, guys.

00:28:27.560 That was Mark Carney trying to put his best foot forward going into 2026. And it's not particularly

00:28:34.340 good. He just has nothing to really celebrate. Did you notice that many of his celebrations there

00:28:40.580 were just the idea that I've kept some Trudeau era policies around? Okay, that's a bad thing. He's like,

00:28:46.860 we're focusing on growing the economy. Well, it's not even outpacing inflation. Oh, we signed the MOU,

00:28:52.620 which might potentially get a pipeline, but it's going to be guaranteed to add all these other

00:28:56.920 regulations and taxes. Everything in the clip. Is this a new government or is this just Justin Trudeau's

00:29:04.160 government part two? Because it's feeling heavily like a part two rather than a new government.

00:29:10.080 But anyways, with that all being said, guys, like the video, share the video, subscribe. If you want

00:29:16.300 to join the membership program, it really helps to make the channel more sustainable for me right

00:29:21.060 under the video. You can hit the join button and make it so that I am less reliant on the YouTube

00:29:25.960 algorithm for producing the show and making new content. But with all that being said, thank you

00:29:31.660 guys for watching and I'll see you all later.

The National Telegraph - Wyatt Claypool - December 27, 2025

Carney hurts himself in year-end interview - Failure, Lies, and Excuses!

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