The National Telegraph - Wyatt Claypool - October 10, 2025


Carney is LOSING IT! Approval rating falls as Liberals come up with nothing!


Episode Stats


Length

17 minutes

Words per minute

184.55357

Word count

3,261

Sentence count

201

Harmful content

Misogyny

5

sentences flagged

Hate speech

3

sentences flagged


Summary

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

PM Mark Carney's approval rating has dropped below 50% in a new poll, and it's not even close to being good enough to keep him in the job. What does it mean for the economy and the country?

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey guys, Wyatt Claypool here. I feel like what we are seeing right now with the federal
00:00:05.380 liberal government is the long goodbye that started taking place for Justin Trudeau
00:00:10.640 after the 2021 election. I think everyone knows that they're not going to get any better than
00:00:17.300 they've already been, and they've not been very good up to this point. It's actually gotten so
00:00:22.660 apparent to Canadians that something happened that I really wasn't expecting to at least happen
00:00:27.860 yet, and that is Prime Minister Mark Carney's approval rating actually dropping below 50%.
00:00:35.240 Now, he's not on net disapproved of. If you combined his approval and his disapproval,
00:00:41.920 he is still at a positive rating, but I assumed he was actually going to be able to maintain over 50%
00:00:47.440 in most of the pollsters, you know, maybe up until the midway through 2026, or maybe even into 2027.
00:00:54.780 The thing with Mark Carney is that he's extremely boring, and it's hard to hate a guy who's as
00:01:00.400 boring as he is. But check this out. This is from a Leger poll, and by the way, Leger just released
00:01:07.740 some numbers that were actually pretty favorable to the liberals, to the point where a lot of people
00:01:12.480 said they probably need to redo some of this stuff. Like, I think their BC sample for the, for like,
00:01:18.500 BC, the province, obviously, they had like a 25 point lead, even though it's traditionally between
00:01:24.420 Ontario and British Columbia, if the conservatives are going to be leading in one but not the other,
00:01:30.120 they're going to be leading in BC, but not Ontario, both tend to be close provinces. But like,
00:01:35.260 the Ontario sample was generally pretty close. But then BC, the liberals were way ahead, which is
00:01:40.080 probably a big sampling error. So we can probably throw out the top line national numbers for the
00:01:45.780 liberals. But still, even with this poll that I think gave the liberals a national six point lead,
00:01:51.700 probably because of that sampling error, even with the sampling error, look, Mark Carney job
00:01:57.220 approval. Approval rating is now at 47%. Disapproval is at 41%. So he's only at a plus six net approval
00:02:07.900 rating. He dropped six points since the last time Leger did a poll, which I believe was only a couple of
00:02:13.040 weeks ago. So he's gone from and remember, this was going, this was probably collected,
00:02:19.020 or it says it was collected on October 5. This is before he capitulated to Trump on trade. And he did
00:02:25.200 it in the worst possible way. There was a way of negotiating this out to try and come to a win-win,
00:02:29.820 except he basically deliberately did not negotiate until the very last second where he had to.
00:02:34.680 And then he basically guaranteed that Canada got a terrible deal. So his approval rating went from 53%
00:02:42.080 last time. And his disapproval was only at what was it like 37. And now it's 41 for the disapproval and
00:02:49.200 only 47 for the approval. Again, I thought it was going to be difficult to get this guy under 50%
00:02:55.200 because, well, he's the elbows up guy. He's boring, but he's a nice dude. I've heard people
00:03:01.220 who've met him. Mark Carney's nice. And that's not a virtue when we want good policy. But at that base
00:03:08.880 level, if people meet him, if people see him on TV, they're probably not going to assume this is
00:03:13.400 some cranky old man, some curmudgeon who hates people or whatever. Maybe he does, but at least 0.97
00:03:21.700 he doesn't come across like that in person. And even still, the policy, the performance has been so bad
00:03:27.580 that it's starting to affect even the most boring man in the government's approval.
00:03:32.200 But now let's move on to some other stuff. The Conservatives have been really hammering them
00:03:36.980 on this deal, of course, because my goodness, there's not any blood to squeeze out of the stone
00:03:44.000 for the Liberals. So the Conservatives might as well just keep attacking. There's no silver lining for it.
00:03:49.580 Conservative Party leader Pierre Polyev says,
00:03:51.760 Americans used to invest more in Canada than we did there. Then the Liberals took power,
00:03:57.200 raised taxes, blocked projects, and over half a trillion of net investment has fled.
00:04:01.840 Now Carney is saying he wants to push a trillion dollars south with no gains in return. That means
00:04:07.220 lost jobs, lower wages, and higher prices. It doesn't necessarily mean that, but at the very least,
00:04:12.940 it's demonstrating economic weakness that so much money is willing to go to the U.S. because you just
00:04:18.380 can't make a dollar in Canada. And he's showing the chart back here where, yes, back when it was 2006
00:04:24.560 and 7, 8, 9, 10, 11, you would see the red bar, which is investment from America into Canada,
00:04:30.940 was higher, even if it wasn't by a lot, than the black bar below, which is Canadian investment
00:04:37.340 into the United States. And you can see the yellow line showing the net overall effect. And in 2015,
00:04:44.560 after Trudeau takes over, Canadian investment mostly starts shifting towards America and not
00:04:50.360 America going the other way. And we are all the way down to the point where we are well past $500
00:04:56.480 billion of Canadian investment that has at one point moved towards the United States. It's so bad.
00:05:04.740 And the thing is, do you know how we could solve all this, boys and girls? We could cut taxes.
00:05:11.720 What a concept. We could cut taxes. We could cut regulations. You know, we could make it that if
00:05:16.940 someone's doing something, you know, they're doing something productive. They're machining something.
00:05:21.700 They're making a new product. We could maybe not kick down the doors of their office and say,
00:05:26.220 hey, can you give us basically half of what you're making right now in taxes? Hey, could you
00:05:30.600 stop doing that for a second? So somebody could fiddle with your process and regulate you into
00:05:36.460 being inefficient? Could you could we do that? And that's just the way in Canada, we just do not
00:05:41.440 the people in government don't even think about the guy who's trying to, you know, make the new
00:05:48.500 like hot product, the person who's trying to innovate with a new app, who's trying to start his own tech
00:05:54.420 company, who's trying to get into better resource development. All those people are hampered because
00:06:00.320 a government bureaucrat needs to have their fingers in the pie or else how else could they 0.98
00:06:04.460 justify their job without screwing with you. But now I want to jump down. Let's let's at least
00:06:11.420 let the liberals talk a bit. I always like highlighting what the liberals post online
00:06:16.800 because it really demonstrates what kind of rhetorical straitjacket they're currently in
00:06:23.500 based by their own decisions. Prime Minister Mark Carney here says, this is a post from yesterday.
00:06:29.840 There are areas where Canada, the United States can compete and areas where we are stronger together.
00:06:35.180 We're focused on building that strength to create new opportunities for businesses, workers and their
00:06:40.000 families. And then it comes with this 29 second video where they're trying so hard to make this trade
00:06:46.200 deal look like it was a success. We're going to be talking about, well, there's not even a deal made,
00:06:50.320 they just talk. But the thing is what he's already put on the table is absurd trade. We're going to
00:06:54.820 be talking about a lot of different things, but we've had a very strong relationship. We are the
00:06:59.000 second largest trading partner of the United States. We are the largest foreign investor in
00:07:03.280 the United States. There are areas where we compete. And it's in those areas where we have to come to
00:07:08.800 an agreement that works. But there are more areas where we are stronger together. And that's what
00:07:13.820 we're focused on. And we're going to get the right deal, right deal for America, right deal for Canada.
00:07:22.320 We're going to be talking. It's remember the elbows up rhetoric that he's out there to fight for
00:07:27.420 Canadians, and that's all he cares about. And then in that clip, when he was in the office with Trump,
00:07:32.640 he's saying, let's make sure we get the right deal for America and Canada. And by the way, I agree.
00:07:37.000 But this wasn't the campaign rhetoric. This was not the elbows up rhetoric. And in fact,
00:07:41.400 he's not getting a good deal for Canada. If he cared about getting one, he would have tried to
00:07:45.560 go for this win-win deal months ago, rather than screwing around to the point where he doesn't
00:07:50.820 really have many cards to play at this point. We didn't offer to get rid of supply management
00:07:55.140 because he, of course, still needs his Quebec dairy farmer vote and also Ontario. But most of the
00:08:01.520 quota ends up disproportionately going to Quebec. But he needs all these people. So he won't actually
00:08:06.500 he won't actually try and protect our entire economy by getting rid of this stupid protectionist
00:08:12.760 policy that, in fact, makes things like dairy and chicken products, poultry products, more expensive
00:08:18.900 for Canadians. But now let's jump down to another post of Mark Carney. Here's another one where he's
00:08:26.360 talking about building the country stronger, everyone. He's going to build the country stronger.
00:08:31.340 Our message to young Canadians, our message to people who are thinking of going into,
00:08:37.640 for example, the skilled trades, is we are not just going to create hundreds of thousands of jobs,
00:08:44.300 we're going to create hundreds of thousands of careers. We are going to build this country for
00:08:47.720 the next three decades. If you want to go into the skilled trades, you are going to have work all
00:08:51.880 the way through. Who shot this where they like, didn't tell him, can we roll the tape back Mark
00:08:57.940 so that you don't like so like, um, um, like twice in the video, it's a 20 second video, and he couldn't
00:09:05.920 nail it without an um. And what is that? Like, oh, we're not just building jobs in the trades.
00:09:11.640 We're building careers. It's like, oh, wow, my heart's fluttering, Mark. My heart's fluttering.
00:09:16.120 You, you, you took that, you took the difference between the word job, and then you said, no,
00:09:21.220 it's not just going to be a job. It's going to be a career. It's like, okay, well, job numbers are
00:09:25.420 down, idiot. What are you talking about? Guys, I have a plan to do something that my government has
00:09:30.600 been completely incompetent to do at this point, including back when I was the economic advisor
00:09:35.540 to Justin Trudeau. Here's, here's now Mark Carney devolving into just offering money to people.
00:09:41.760 Remember how we were going to spend less to invest more? Well, now Mark Carney wants to
00:09:46.080 increase benefits to families. And then they will receive all the benefits to which they're
00:09:51.320 entitled. In the case of the example I just gave, that's more than $25,000 for their family.
00:09:59.900 Canada's new government will start pre-filing tax returns in the 2026 tax year, scaling up to that
00:10:06.100 five and a half million number of low-income Canadians by the 2028 tax year. This program will pay out
00:10:14.660 hundreds of millions of dollars in benefits in the next few years that would otherwise be left
00:10:19.880 unclaimed, helping our most vulnerable get the supports that they need. So we are going to now
00:10:25.880 expand the availability of benefits to the point where in the next few years, we are going to be
00:10:31.560 paying hundreds of billions of dollars more. You know what we could do, which is the best anti-poverty
00:10:37.860 program. I said it at the beginning of the video, we could lower taxes. That's all we need to do.
00:10:45.580 But we have these idiots who think that the only way we're ever going to have prosperity is the
00:10:49.480 government signing a check to somebody. But now let's just get to question period from today. I just
00:10:53.920 want to play at least one of the exchanges. This just wrapped up about an hour ago to demonstrate
00:10:59.100 genuinely just the poor footing the liberal government is on. They know they're going down right now.
00:11:03.640 They know that there's nothing good on the horizon that people are looking forward to at the moment.
00:11:08.580 The Honourable Member for Sherwood Park, Fort Saskatchewan.
00:11:12.780 Liberal policies are causing a deepening youth unemployment crisis, leaving the next generation
00:11:18.320 in an increasing state of desperation. Today's unemployment numbers show a further spike in
00:11:22.820 youth unemployment, now up to 14.7 percent and approaching half a million unemployed Canadian youth.
00:11:28.800 Youth unemployment was already at recession levels before these further increases. Liberals promised
00:11:33.580 change, but their broken promises are pushing yet more young people out of work. Do they
00:11:37.940 understand that these unemployment numbers aren't just hurting youth today, but are setting
00:11:42.180 them up for more struggle and pain throughout their lives?
00:11:45.220 The Honourable Minister, Secretary of State for Youth.
00:11:49.380 Mr. Speaker, let's talk about those jobs numbers today. Statistics Canada reported that employment
00:11:54.720 has increased by 60,000 jobs. That is 28,000 jobs in manufacturing, 14,000 new jobs in health
00:12:04.520 care, 106,000 full-time jobs. What is she doing with her hands here? No doubt we ended up increasing 1.00
00:12:13.460 manufacturing and health care jobs. We dumped billions of dollars into them in order to just hire 0.88
00:12:20.280 more people. And what do they mean by health care though? Because we still have a health care
00:12:23.580 professional shortages everywhere. I guarantee this is just some sort of like, oh, we've hired
00:12:28.080 assistants. We've hired people to do like health care adjacent jobs. There's some janitors in some
00:12:33.820 hospitals like, oh, we got 60,000 jobs. Well, we were losing jobs in previous quarters. So I guess this
00:12:39.500 is a nicer previous months that we had net losses in jobs. Oh, I can't believe we, the government took the
00:12:45.480 money it takes people, the crazy amount of money that the government takes in tax dollars. And now
00:12:50.820 it's given it to a few select industries and said, can you just hire people? That's not actually
00:12:56.680 creating more productivity. Will they create some productivity? Sure. But it's extremely inefficient
00:13:02.580 and it will eventually, the wheels will fall off the car. Mr. Speaker, we have a plan. We are making
00:13:10.800 progress and we are going to be there to create good paying career starting jobs for all Canadians.
00:13:15.680 Mr. Speaker, only an out of touch liberal would try to congratulate themselves when we have a
00:13:25.400 significant increase in youth unemployment in this country. These are the facts. Over 17,000 young
00:13:32.180 people in Ontario. Oh, by the way, I wonder if they actually calculate the TFW numbers into the
00:13:36.920 new jobs. Oh, we've hired 60,000 people. How many of them aren't even Canadian? Like, I'd like to know
00:13:43.000 how many of them didn't come back. How many of them got from playing from Amateur? And now they are an
00:13:48.040 employed person in Canada, when in fact, it's actually causing somebody who is, you know, below the
00:13:53.480 age of 30 to not actually have a job. Like, this is something that needs to be asked.
00:13:57.720 Ontario alone lost their jobs in the last month. Overall unemployment remains at 17.1% and
00:14:04.340 continues to increase in major cities, including the city where that parliamentary secretary is
00:14:09.520 supposed to represent. How can these Liberals dare try to pat themselves on the back when
00:14:14.320 Statistics Canada today shows even more young people out of work? Very good. 1.00
00:14:18.540 Mr. Speaker, let's deal in facts here. These jobs numbers are for September. At the end of the
00:14:26.060 summer, many, many youth are actually leaving jobs, going back to school, back to other other
00:14:30.320 work. But coming back to the coming back to what the Liberal government is doing, we're investing
00:14:35.240 a billion dollars, for example, in Red Seal trades for apprenticeships. We're investing in work
00:14:40.040 integrated learning. We're investing in co-ops, Mr. Speaker. But most importantly, we are going to be
00:14:45.240 building the houses and investing in the project. She has the most dramatic hand movements of anyone 0.90
00:14:49.160 I've seen so far. She keeps like posing and like moving like she's like a like a 2D animated 0.99
00:14:53.960 character that they didn't work too hard on. Projects that are going to create tens of
00:14:57.580 thousands of jobs for all Canadians, right across the country, beginning with our young people.
00:15:03.260 A member for Sherwood Park for a successful one. Mr. Speaker, the Parliamentary Secretary said
00:15:07.600 these numbers might reflect young people leaving the workforce to go back to school. That suggests
00:15:12.760 she doesn't actually understand how the unemployment rate is calculated, because the unemployment rate
00:15:17.020 is the percentage of those in the workforce who are trying to work and aren't able to. And
00:15:21.320 the unemployment rate has gone up. It's approaching 15 percent, approaching half a million young
00:15:27.500 people who are unemployed. That's one in seven. Mr. Speaker, it's time for the government to
00:15:31.420 stop trying to pat themselves on the back and recognize that this is a crisis for Canadian
00:15:36.240 young people. It's time for them to reverse course. When will they? 1.00
00:15:39.620 The Honourable Parliamentary Secretary.
00:15:42.620 Mr. Speaker, the data doesn't lie. In September, we created a hundred, over a hundred thousand new
00:15:48.580 full-time jobs in this country. Those are good jobs for all Canadians. We are, we are embarking
00:15:55.080 on a plan that is going to not only build projects, but build homes, make those homes more affordable.
00:16:00.180 They haven't approved a single job yet. They're just, they're just looking at projects.
00:16:04.060 However, yeah, like, what the heck's wrong with the people? Like, we've brought in a hundred
00:16:09.140 thousand new jobs. I'm like, okay, how many private sector jobs did we lose, though? Because
00:16:12.580 the problem is the government can create, also, wait, I'm just thinking of saying that, aren't,
00:16:17.320 isn't, aren't all these ministries supposed to be cutting staff by, or cutting personnel
00:16:21.540 expenses or whatnot by, like, 15%? So what are we doing? We're just like, we're creating a bunch
00:16:28.400 of government jobs, but then all these ministries are supposed to be cutting their, the actual,
00:16:33.420 like, their budgets by 15%. Are we even doing that anymore? Or is this just going to be just,
00:16:38.640 like, still more Justin Trudeau era style economics, where we just keep dumping money
00:16:43.540 into an industry, hoping that that will make us look good by the next election before everything
00:16:48.920 falls apart again? Anyways, well, we have just peered into the gaping maw that is our elementary
00:16:56.400 politics on a federal level. No doubt we will look at it someday soon again. But I have to jump
00:17:02.620 on a plane at some point here and go to my next destination, which is not even home, it is Saskatoon.
00:17:07.700 No doubt I will still be making videos there. But this is all very hectic. So, hey, if you support
00:17:14.260 the show, make sure to leave a like, subscribe, hit the subscribe button if you're not yet a
00:17:18.060 subscriber. You can also hit the notification bell next to the subscribe button if you always want to
00:17:22.200 be notified whenever a new video comes out. And then, of course, leave a comment on what you think.
00:17:27.780 It's always great to hear what people think, and I like to scroll through and reply to a select
00:17:32.300 group of people. Because, of course, if I have, like, 400 comments, it's hard to get back to everybody.
00:17:37.100 But anyways, with that being said, see you guys all later.