The National Telegraph - Wyatt Claypool - Carney Knows This Scandal HURT HIM - Liberal $3.2 Billion Devoper Bailout

00:00:00.000 Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph YouTube channel.

00:00:06.420 You can often tell how bad a political scandal is for somebody, not from the actual details of the scandal, but how they react to it.

00:00:15.840 And Prime Minister Mark Carney and his liberal government are not reacting very well to their own developer bailout scandal.

00:00:24.720 Carney typically likes to slough issues off quickly, ignore them, not speak to the media

00:00:30.300 about it, but the fact that he feels that he actually has to address this issue in detail,

00:00:35.980 trying to justify himself in several different ways, demonstrates he knows that this is hurting

00:00:42.160 his and the Liberal Party's brand. The funny thing is that the Liberals have blown far more money

00:00:48.440 on far stupider things. But this is the first scandal where it's really sort of getting under 0.95

00:00:54.520 the skin of Canadians knowing that he's bailing out Vancouver area real estate developers on

00:01:00.940 luxury condos to maintain their profit margin pretty much. Yes, he has blown billions more

00:01:07.900 on dumber things, but those dumber things are more abstract. This is very understandable for 0.96

00:01:14.320 the average voter, and it is very sleazy in the view of the average voter. In just a second here,

00:01:20.980 I want to take you to Mark Carney trying to justify himself at a press conference a few days

00:01:25.860 ago. Then I want to get into the Conservative Party leader, Pierre Polyev's reaction to it as well,

00:01:31.400 and I want to talk about where this is probably going to go from here. But just saying right out,

00:01:38.400 Carney is going to lie a lot, and hopefully you're not going to be too annoyed with me having to

00:01:42.400 pause a lot to correct those things. But before I get into it, I just want to remind you guys to

00:01:47.040 like, share, subscribe, do all that stuff for the channel. It really helps me out,

00:01:51.420 especially at this time where YouTube feels like they're kicking me in the face

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00:02:04.660 Anyways, let's jump into this long section from Carney's press conference addressing

00:02:10.200 the bailout scandal, and then we'll get into some of the other videos in just a bit.

00:02:16.060 I want to go back to your announcement last week on buying the condo, the vacant units in BC.

00:02:22.960 It's taken a lot of people by surprise. Some developers have said they didn't ask for this.

00:02:28.100 There were, though, a lot of developers at your fundraiser in BC in February.

00:02:32.480 Did anybody ask you for this from the development community?

00:02:35.360 uh first off thank you uh for asking me that question uh because not the last bit i'll answer

00:02:43.640 that last but um he needs to buy himself time he needs to buy himself time on the question on

00:02:51.120 whether or not the developing community the development community in vancouver had basically

00:02:56.640 lobbied him for this had they been bringing this up to him at uh at fundraising events

00:03:02.280 obviously every time Carney doesn't like a subject he either avoids it or just starts

00:03:08.740 umming an eye he's buying himself time right now because very clearly the liberals have a lot of

00:03:15.020 connections to the real estate development uh industry in Vancouver Brookfield in fact has a

00:03:21.260 heavy stake in real estate in Vancouver so I would find it pretty hard to believe that this was never

00:03:28.240 brought up in all of his personal interactions with developers? First off, nobody, no developer

00:03:34.380 asked for this for me directly. So that's a simple answer. But I want to go to the broader

00:03:39.800 issue. And I want to say up front, I don't think we've done, self-cluded, a particularly good job

00:03:47.200 of rolling this out and explaining exactly what it is. So with your indulgence, I'm going to say,

00:03:52.800 I think it's important to say a few words of what this is and what this isn't.

00:03:55.520 um we start as we always do with Canadians we don't start with developers we don't say what

00:04:02.360 yes it's great that there are developers and they build condos what we care about is affordable

00:04:07.100 housing and affordable housing in this case uh for the people of British Columbia you see he

00:04:12.140 just cares so much about Canadians and specifically British Columbians in this instance and that's why

00:04:17.600 he had to give developers with the provincial government as well 3.2 billion dollars now he's

00:04:23.900 to try and fudge the numbers in a little bit here to pretend that he has not given nearly as much

00:04:28.940 as they actually are giving based on just effectively some timeline shenanigans to say

00:04:34.980 well we've only given them a hundred million dollars leaving out that there's way more on

00:04:39.120 the docket to give out to the developers in the next you know few years but immediately like he

00:04:46.240 had to admit that the rollout of this was bad well the rollout was bad because he told the truth in

00:04:52.320 the first press conference where he was announcing this it was a press conference specifically about

00:04:57.220 announcing this because he was proud about it and he was saying he was doing this to make up for

00:05:02.060 losses that developers were going to have on their luxury condos many of these luxury condos by the

00:05:07.480 way were basically being built for the sole purpose of selling them to foreign buyers but

00:05:12.760 apparently it's all about affordability now because we're going to spend combined provincial

00:05:17.300 in federal dollars 3.2 billion dollars to buy 2200 units that then will have to have even more money

00:05:25.060 invested in them because apparently there may be issues with them or they're not fit to be turned

00:05:29.700 into affordable units so well that's great we're we're we're doing affordability by spending more

00:05:37.220 money than anyone could conceive of to provide like basically like as little housing as possible

00:05:45.460 per dollar compared to other projects we could have invested in if we want the government involved

00:05:50.180 at all and uh the province of british columbia which initiated the idea uh sees an opportunity

00:05:57.220 uh potentially given what's happening in that market so you guys it's the bc government's

00:06:03.780 problem in fact we should all be kicking down the door of premier david eby and blaming him

00:06:09.140 for tricking mark carney into bailing out these developers mark carney the man who promised he

00:06:14.500 knows how to deal with donald trump and that he's a really good negotiator and that he's a successful

00:06:20.100 businessman this guy was tricked apparently by the bc government into giving hundreds of millions

00:06:27.380 to billions of dollars to bc developers to convert some of these condos that are lying unsold

00:06:35.540 to affordable housing particularly rent to buy affordable housing for uh and and you can

00:06:43.220 anticipate. So these are people, in many cases, young families, but people who don't have money

00:06:48.500 for a down payment, but can build in that equity over time, rent to buy. So there's an opportunity

00:06:55.780 there. You have a market in Vancouver, Greater Vancouver, Lower Mainland, which is, you know,

00:07:03.860 absorption rates have moved down to about 60%. They've sort of averaged on 80% in a normal

00:07:09.220 markets in other words there's more condos that are there we would look we're potentially because

00:07:17.360 it's a now he is acting as if somehow like the housing market in the lower mainland's in trouble

00:07:23.660 like nobody wants to buy this stuff everyone's moving out of town it's becoming a ghost town

00:07:28.460 out in vancouver and new westminster and burnaby just no one's buying these things it's like yeah

00:07:33.640 The price is too high. And some of these developers may, who've been making a lot of money over time on the overheated market, they may have to take a haircut in some units. I'm sorry, that's just the free market. Or at least it should be the free market. But Mark Carney and David Eby are going to make sure that they never suffer a loss.

00:07:53.260 Tristan Hopper from the National Post had a funny tweet the other day saying,

00:07:57.740 well, are we now going to bail out blueberry farmers every year

00:08:01.520 because the prices go down in the summer because of all the competition

00:08:04.340 and we're going to guarantee them $4.99 a pound for blueberries?

00:08:09.200 So every time the price drops, we're going to shill out a bunch of money?

00:08:12.400 No market could survive like this,

00:08:14.240 or at least that market will very quickly just turn into a government-supported racket

00:08:18.780 rather than being a real industry.

00:08:20.620 it's a question of the actual transactions when when and if they come uh providing about 10 percent

00:08:27.800 of the financing with the federal government uh for this uh in a way that can make the transaction

00:08:33.040 work so it would be buying distressed condos of course developers not going to admit that they're

00:08:40.100 going to have distressed condos right but we don't care about the developer we care about the person

00:08:44.500 the family that can potentially move into the home so buying them at a discount at the right time

00:08:50.380 financing, terming that out, setting up a rent-to-own structure for truly affordable

00:08:58.820 housing. That's an opportunity. We will look at any opportunity across the country

00:09:04.240 that gets more affordable housing to Canadians.

00:09:09.080 Guys, it's your fault. You don't see the vision of Mark Carney. Mark Carney's just

00:09:14.680 really fundamentally, he's an optimist. He's going to throw money at anything that will provide

00:09:20.580 some amount of affordable housing. It's like, I'm not even strictly against the government

00:09:26.960 getting involved in housing. Let's say the government's creating housing for recovering

00:09:32.040 addicts. No free market is going to provide housing for addicts. Fair enough. Addicts don't

00:09:38.880 really pay for this sort of stuff. Maybe you could still make it a competitive contract to

00:09:42.800 provide as much housing for as little per unit cost possible. The federal government would pay

00:09:48.820 it because we need to build some sort of like a detox village or something like that. Fair enough. 0.98

00:09:54.200 I can be in favor of that. That's not what's going on here. We are paying $3.2 billion or

00:10:02.320 2,200 units that then need more money invested in them so that we can start renting to buy

00:10:08.940 to lower income individuals.

00:10:12.100 And by the way, so many of these programs

00:10:14.060 end up being exploited by people

00:10:15.600 who don't actually need them

00:10:17.100 because it turns out a lot of government programs

00:10:19.340 tend to skew towards those sophisticated enough

00:10:22.720 to manipulate them.

00:10:24.300 It's like, you know, I remember I was watching

00:10:26.300 this old Milton Friedman free to choose series

00:10:28.680 where a lot of rent controlled apartments

00:10:30.740 in New York City are being bought up by people

00:10:33.000 who live well above the poverty line,

00:10:35.360 if not fairly wealthy individuals

00:10:37.080 who just know how to fill out the paperwork

00:10:38.700 work properly. And so the Carney's trying to get a win out of this saying, well, if I create any

00:10:46.160 amount of affordable housing, I'm in favor of that. Does the cost not matter to you? If we spent

00:10:51.800 $2 million, $3 million per unit, would that be okay? Right now, we're spending over a million

00:10:59.420 dollars per unit. And that's not even the end game cost for all this to not even give out free

00:11:05.360 apartments, then the government is then going to try and find people who have the money to even

00:11:09.940 rent it from the government, which means it's not really providing affordable housing for people

00:11:16.500 who can't afford it. It's only providing it for people who in theory can afford it. And if we just

00:11:21.220 let the free market work, they could have probably bought it from the developer anyways. It's so

00:11:25.440 convoluted. Can't do it all. But where we see dislocation, where we see opportunities, where

00:11:30.160 that's the best use of the dollar, we will look at that. And certainly when the province brings

00:11:35.020 that and brings ideas and brings an opportunity to market where it's there that makes sense to

00:11:39.180 look at there's no specific transaction there's no specific contemplated transaction at this stage

00:11:44.860 uh but uh there is a there is an opportunity and if it's there and you know i think the the issue

00:11:50.780 will be uh if there if and when there are transactions then judge those transactions

00:11:55.660 on the basis of the economics of that not on the on the concept so we haven't done a good job of

00:12:00.620 which is why one of the reasons why you're asking the question of explaining all the economics of

00:12:05.660 that. But there's an opportunity. And if it's there, we'll pursue it for the family.

00:12:12.940 And just to be clear, so when you say the feds are looking at 10% of the financing,

00:12:19.980 what is the dollar value? I think the dollar value is the overall dollar value contemplated

00:12:26.620 is about $1.4 billion, $1.45 billion, which is federal and provincial. So, 10% of that $145

00:12:35.080 million. And so, that will be all rent to buy and only in BC? Or will the government also be

00:12:42.340 buying these? Well, look, I don't know how much. We'll get someone to give you. It depends on

00:12:50.920 what's available, Ms. Walsh. And as things become available, as the structure is there,

00:12:56.620 Again, I think the core point, and I'll stop here, is that.

00:13:01.040 Yes, one of his handlers probably told him to just shut up because he's only digging himself a deeper hole here.

00:13:08.280 There's an opportunity that potentially gets affordable housing to families, particularly those who can't get the down payment together.

00:13:16.580 And if that opportunity is there and we can convert condos in order to do that, we will do that with British Columbia because they're looking to do it.

00:13:25.900 and that's that's an effective wave that is a more effective way of getting affordable housing

00:13:32.300 immediately into people's hands than building again so i stopped there sorry so he's now

00:13:36.940 claiming it was only a 10 10 of the cost was what the federal government paid equaling 110 million

00:13:44.380 dollars this is a lie this is a lie he is simply just narrowing in on a very specific part of the

00:13:52.220 plan and ignoring everything else in fact this is a 3.2 billion dollar joint plan between the bc

00:14:02.300 provincial government and the liberal federal government and it's 50 50 meaning that the

00:14:09.260 federal government is bailing out developers at to a tune of 1.6 billion dollars now in theory

00:14:17.420 they're not the federal government is only paying 110 000 of this pondo purchasing scheme probably

00:14:24.620 because it will be mostly managed by the provincial government in their own affordable housing sort of

00:14:30.780 you know programs and infrastructure now the thing is that the federal government is still throwing

00:14:36.700 in the other what would that be 1.49 billion dollars into this program but it's for development

00:14:45.420 fee deferments and other sorts of things to basically compensate developers in the future

00:14:51.180 in order to make up for the losses that they were suffering from today.

00:14:54.540 So the provincial government was mostly involved in directly buying the condo and apartment units,

00:15:00.940 but the federal government is still giving those developers another $1.49 billion.

00:15:08.460 You can't just say, well, I'm not buying the apartment. We're not buying the apartments

00:15:12.780 directly. We're only 10% of that when it comes to making up for their profit losses. But you can't

00:15:18.700 just say, well, but this $1.49 billion I'm giving them, that has nothing to do with it. That's just

00:15:24.580 money for other stuff. That's for building things faster. It's like, no, money is fungible. You are

00:15:32.100 giving them money. You are bailing them out. Why is this not a federal-wide program where we're

00:15:38.560 just going to, you know, ignore, you know, development approval costs. Why aren't we doing

00:15:44.240 that? Why aren't we waiving certain other development costs, legal costs for other

00:15:48.260 developers? Because they're bailing out the lower mainland developers because they are trying to get

00:15:53.600 votes. They're trying to get donations probably. They're trying to raise their approval ratings

00:15:58.540 in places where Carney needs good approval ratings for re-election. Now, right now his

00:16:03.380 national approval ratings are pretty good. And that's the funny thing. He's trying to like

00:16:07.840 reinforce his popularity in the Lower Mainland by doing this. And all this has probably done

00:16:13.800 is hurt him badly in that area because it turns out most people are not developers and most people

00:16:19.620 are not going to feel like some solidarity with developers just because they're in their area.

00:16:25.060 Now, I'm not anti-developer. I'm not like some social sitting around being like

00:16:28.580 housing developers, real estate developers, disgusting corporations. I have no problem

00:16:34.600 with pretty much any business. I have a problem when businesses, as we're going to get here with

00:16:40.680 Federal Conservative Party leader, Pierre Polyev, are being able to privatize gains that they make.

00:16:46.740 They are able to privatize profits. And every time they lose money, they can socialize that

00:16:51.600 to Canadian taxpayers. That is exactly what's going on. And the federal, even if their total

00:16:57.480 cost is only $110 million, this would still be disgusting. Doug Ford is currently having his

00:17:03.140 approval ratings fall down a well because of the stupid plane he was trying to buy. It's not that 1.00

00:17:09.180 much money. I think it was in the tens of millions of dollar range. But it's still causing Ontarians

00:17:14.980 to basically completely drop Doug Ford because thematically, it looks terrible. This is the same

00:17:23.940 thing for Mark Carney. Relatively, it's not that much money, $110 million, although we know the

00:17:29.340 real number is $1.6 billion still. But the thing that gets under people's skin is just how it

00:17:36.880 looks. You are simply compensating people so that they never actually suffer a loss while everyone

00:17:43.380 else has been having a hard time being able to pay for their own housing costs. Never a bailout

00:17:47.960 for average people. Not that I think average people need a bailout. But if we were to put

00:17:52.560 out a bailout, maybe it should be for the taxpayers struggling. But instead, it's for developers the

00:17:58.920 first time they've ever suffered a loss in this market in a long time there are been some results

00:18:03.720 for some people the liberal club of power brokers lobbyists and insiders are getting richer than ever

00:18:08.600 making everyone else poor the carny condo bailout is just the latest example and why is he bailing

00:18:15.000 out these condo developers who've made billions over the last several decades well and i quote

00:18:21.480 the developers don't want to sell at a loss

00:18:27.000 who does somebody's going to lose money right the government inflated the housing market

00:18:33.240 into a bubble and now the bubble burst so who's going to pay the price mark carney wants you

00:18:40.600 the welder the waitress the barber the small business person to pay through your taxes to

00:18:47.480 bail out his developer friends you the people who acted responsibly you the ones who've been

00:18:53.480 suffering with high prices you're the ones that the carny liberals want to pay this price ironically

00:19:00.200 it's the opposite of what he says he says that this is a policy to make housing affordable

00:19:06.120 how does bidding up the cost of condos and competing with home buyers to buy them make it

00:19:13.720 more affordable, it's exactly the opposite. He's making home ownership even more difficult by

00:19:18.740 forcing taxpayers to pay through their taxes to bid against themselves when they try to buy a home.

00:19:26.520 And he's absolutely right about that. While, yes, this does, in theory, take some people out of the

00:19:32.840 normal condo, apartment, house buying market, because it's going to match people up with rent

00:19:39.200 to buy schemes in order to be able to afford a home. I guess more power to you if you're able

00:19:46.480 to get into one of those. Fair enough. But it removes some people from the market, but it's

00:19:51.840 really removing units from the general market to basically compensate those who are not really even

00:19:57.540 part of the market in the first place. Now, we want housing for everybody, but this is not a

00:20:02.340 great scheme if you actually want to lower the average price of a house. This is a great way of

00:20:08.000 getting maybe 2,200 people home in the lower mainland. A little higher average family size

00:20:14.980 or dwelling size of a family is like two or two and a half people. So we got 5,000 people at home

00:20:23.380 to the tune of $3.2 billion. Okay. And then we're also going to maintain these sky high

00:20:30.240 million dollar prices on everything else in the lower mainland. Good job, guys. But I really like

00:20:36.960 what Polyev is doing here with his language around who's going to pay for it, who is actually,

00:20:42.400 you know, because someone's going to have to lose here. And effectively, Carney is saying,

00:20:47.480 when business rubs it up against the taxpaying public, the taxpaying public should always lose

00:20:52.520 in order to protect favored industries of the federal liberals. Overall, though, I actually

00:20:58.160 just want to make a comment on this entire press conference that Polyev did in general.

00:21:02.560 He did a 56-minute sit-down where he mostly just answered questions from the media.

00:21:07.500 I think maybe 15 minutes at POPs was just him doing a bit of a monologue on some of the problems in the country right now and talking about stuff like the developer bailout.

00:21:18.720 And then the rest of it was just him taking questions in English and French.

00:21:21.960 He should do way more of this.

00:21:24.180 I haven't seen him sit in the parliamentary press theater very often, but if he does this more, I think it will benefit him massively.

00:21:32.120 I think he looks very much in charge when he's just taking questions, when he's speaking mostly off the cuff.

00:21:38.920 I think he's very good at that.

00:21:40.460 All he ever does worst is reciting slogans, using too many alliterations, sounding too rehearsed, sounding too much like a character.

00:21:48.320 Here, he seems more real, more professional, and more confident than Prime Minister Mark Carney.

00:21:54.720 I just want to jump to one more clip just to kind of highlight.

00:21:58.280 I thought his general look here was quite good.

00:22:01.220 We're kind of moving on from the Mark Carney topic here, but mark my words, this is going to see a big hit to the Liberals' votes in British Columbia, especially people outside the Lower Mainland, but it will also hurt people in the Lower Mainland who are having a hard time buying a home, mostly outside the Lower Mainland just simply because it's like, well, of course, there's a bailout and it's for developers and it's not even for our area.

00:22:28.480 But now I want to jump over to this new clip of Peer Poly. I'm just doing a really good breakdown, I think a really good rhetorical attack on the current Liberals' economic policies.

00:22:39.140 Mark Harney is just another Liberal. He changed the branding, talking points, and image, but continued and accelerated the Liberal policies that he had advised Justin Trudeau to implement.

00:22:49.600 And he's kept most of the same Trudeau-era ministers in place to implement them. What are those policies?

00:22:54.320 A year after promising to control spending, the result is that the deficit has doubled.

00:23:02.980 Outside of COVID, the $80 billion deficit is the biggest in our history,

00:23:06.620 and spending is at its highest level as a share of GDP since 1996.

00:23:12.480 He increased spending 5.1% in just over a year, added 13 new and costly government agencies,

00:23:20.040 kept all the anti-development liberal laws in place, and then he increased the industrial

00:23:25.940 carbon tax six times higher than the one Trudeau left behind. Just because you use conservative

00:23:32.320 words does not mean you're doing conservative deeds. I like that he mentioned that at the very

00:23:40.160 end there, because this has been the thing I've been wanting conservatives to start honing in on,

00:23:44.420 that Carney is not more conservative just because his rhetorical style, his way of dressing,

00:23:52.280 speech patterns are more conservative. Yes, Justin Trudeau was a woke left clown. At the same time, 0.97

00:23:58.500 just because Carney's not wearing a clown nose doesn't mean that he's ideologically

00:24:02.660 different from Justin Trudeau. He is still very left-wing on many issues. The areas that he's

00:24:08.560 gotten better. Actually reforms that Trudeau started making in the latter half of 2024,

00:24:18.180 because he had to make those changes, because obviously immigration was destroying the liberals

00:24:22.800 in the polling. So even Trudeau started ratcheting it back. Carney continued ratcheting it back.

00:24:29.320 And that's like the one area of more conservative policy we've had from Carney. Everywhere else,

00:24:35.100 other than the rhetoric, the actual substantial policy has not changed. And I also think that

00:24:40.120 the conservatives should be hitting Carney and the liberals for marketing him as a business

00:24:46.140 financial guru. Just start using that term all the time. This guy was supposed to be a business

00:24:52.560 and finance guru. He's supposed to be fantastic for public finance. When is that going to start

00:24:58.140 happening? Because you have to kind of mock the idea that this guy thinks that he's better than

00:25:03.780 the average person with finances. He's a Goldman Sachs man, governor of the Bank of Canada, the

00:25:08.320 Bank of England. Go after him for the fact that this guy has been basically coasting on credentials

00:25:13.220 and not actually ever having delivered anything substantial outside of investors in Brookfield,

00:25:20.880 which was mostly profitable off of government subsidies, grants, and tax breaks. It turns out

00:25:26.180 when you put the guy in government as prime minister, who was the advisor to Justin Trudeau

00:25:31.520 economics, you're going to still have a bad economy because Trudeau is not somebody who

00:25:36.400 liked making decisions for himself. I guarantee you, he never said no to a Mark Carney idea.

00:25:42.340 In fact, he had a falling out with Chrystia Freeland, who one of her children's godfather

00:25:48.140 is Mark Carney, because she got mad about having to constantly implement terrible Mark Carney

00:25:53.340 plans. Remember the HST-GST freeze that happened in November and December, or I think it was

00:26:01.580 December and January of 2024 and 2025? That was a Mark Carney plan. And Chrystia Freeland was so

00:26:10.360 ticked because she was desperately trying to keep within her $40 billion sort of range for the 0.95

00:26:17.860 deficit. And what Carney basically forced her to do through Justin Trudeau was blow the deficit

00:26:24.060 out to over $60 billion. She was actually going to come in looking kind of okay, like she kind

00:26:30.080 of stuck to her financial guardrails a bit. And that did not happen because Carney's harebrained

00:26:35.200 scheme was that we can win votes by getting rid of the GST in late December. What? That doesn't

00:26:42.500 even sound like a good political move. It's just too complicated and cumbersome and you're going

00:26:46.160 tick off all the small businesses. Well, what do I know? I'm not a financial guru like Mark Carney

00:26:51.100 is. Anyways, with all that being said, thank you guys for watching. I want to come back either

00:26:57.220 later today or tomorrow and talk about the new thing that Carney's doing to try and distract

00:27:01.900 from all of his scandals around the Alto train and the developer bailout and other things like

00:27:07.320 the Nova Scotia space launch pad, which is trying to create a stupid artificial debate about 24 0.97

00:27:14.400 Sussex. They want to do a big crowdfunding and sort of, you know, a crowd, sort of like a not 0.60

00:27:22.760 crowd. There's both crowdfunding. And then they're also trying to like solicit the public for ideas

00:27:27.540 of redesigns for 24 Sussex. I don't care what Arnie does with 24 Sussex. Spend $100 million

00:27:34.720 on it. I actually don't care that much about 24 Sussex. Probably should be heavily renovated or

00:27:40.300 even rebuilt. It's not a really good property. But they're trying to bait conservatives into

00:27:45.060 stupid rhetorical sort of traps where they're going to say that, oh, I don't think Mark Carney 0.98

00:27:50.580 should spend any money on it because it's a conservative instinct to say that liberals 1.00

00:27:54.380 spend too much. I don't care what he spends on 24 Sussex. But the media and the liberal party

00:27:59.540 want to have a debate about 24 Sussex because then they're not having to talk about the awful

00:28:04.640 economy. So I say this to the conservative party. I say this to every conservative MP and

00:28:09.220 conservative, influencers, and just normal average voters online. Do not take the bait on the 24

00:28:16.220 Sussex debate. Who cares? Let Carney build himself an entire house made out of candy.

00:28:22.660 I don't care. Let's start talking about rationing back spending on completely objectively stupid 1.00

00:28:29.120 things. I don't care what the prime minister spends on his house. I don't even care what he 0.99

00:28:34.200 spends on his food for air transportation. Whatever. Have champagne and oysters everywhere

00:28:40.360 you go. It's really a drop in the bucket overall when it comes to spending. I care that he is

00:28:45.800 bailing out developers to $3.2 billion. We're building a $90-plus billion Alto train that

00:28:51.300 nobody wants, that we're leasing a space launch pad in Nova Scotia for $200 million over five

00:28:58.860 years or something like that, and we backdated it by a year before we were even leasing it.

00:29:03.160 those are the things i care about i don't care about what the prime minister wears eats or

00:29:09.480 sleeps that is now a principle of the channel overall carney can show up in like butt flap

00:29:16.080 jammies out to press conferences i am not going to be distracted by it anyways although i still

00:29:21.200 probably will make a joke about it but i will move on quick anyways that should be it see you guys

00:29:26.720 later.

The National Telegraph - Wyatt Claypool - June 27, 2026

Carney Knows This Scandal HURT HIM - Liberal $3.2 Billion Devoper Bailout

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