Carney Liberals budget disaster & Conservative floor-crossing fallout!
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Summary
Wyatt Claypool talks about the Liberals' $78B deficit and the fallout from Chris Dantremont's decision to cross the floor to join the Liberal Party. He also discusses the impact of the floor crossing, and what it means for the future of the Conservative Party of Canada.
Transcript
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Hey guys, Wyatt Claypool here. So let's talk about the Liberals' budget. We have been waiting
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a very long time to get this thing. In fact, I think we've gone without a budget for the
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government for 18 months now, and it's not very good. Like, all the talk about Mark Carney being
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a more conservative Liberal Prime Minister was obviously all fake, and anyone who was saying
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that he was going to be more conservative than Justin Trudeau could be discredited. Now, his
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temperament, his style may be more conservative. He just talks in a way that doesn't make him seem
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super progressive. But if you looked at the way he talked about the economy, it was clear that he was
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not really going to rein in spending. Now, they're pretending to rein in spending in a budget where
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they blow out the deficit, but that's just liberal math for you. If they reduce spending over here by
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15 billion dollars, and then they spend another 70 billion more over there, that's being more
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fiscally responsible somehow. It would be like saying, well, I cut down on my junk food budget to
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try and make our household finances better, but yes, I did buy a Lamborghini. This, okay, we are going to
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go into it in just a second, and I want to go through all of the, some of the numbers. You don't really
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need to go in depth on a budget. It's really just the top line, where's money being spent, and some warning
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signs. But before I get into it, guys, I just want to remind you that, hey, if you like the show, make sure
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to leave a like on this video, subscribe to the channel if you are not yet a subscriber, and leave a comment on
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what you think about the budget. And of course, we will also be talking about the fallout of Chris
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Dantremont leaving the Conservative Party and crossing the floor to join the Liberals. But let's
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start off with Conservative Party leader, Pierre Polyev, criticizing the budget in question period.
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And on behalf of all the Canadians who can no longer afford to eat, heat, or house themselves
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because of Liberal inflation, we Conservatives cannot support this costly Liberal budget.
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But there is still time for the Prime Minister to do the right thing. We will put forward an amendment that
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will transform this policy by making Canada affordable again. It will get rid of the industrial
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carbon tax, cut the wasteful spending to bring down debt, inflation, and taxes. It will open our country
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up to opportunity by developing our prodigious resources, clear-wave bureaucracy to build affordable homes.
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Now, it shouldn't be surprising that Polyev and the Conservatives are voting against the budget.
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Hey, they are the official opposition. But Carney's given Polyev a very big gift here. Yes, the floor
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crossings are distracting from Polyev making his point about the budget. But unlike the floor crossing,
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the budget and its consequences are going to carry on as a news cycle story. Chris Dantremont is going to be
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a bit of a footnote very soon here. If anything, the reaction to him leaving is probably going to prevent
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any other Conservatives from leaving. They always could. I've heard there's a couple of Quebec
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Conservative MPs that might go, but one of them already spoke out saying, I'm definitely not
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leaving. There's a rumor about Matt Gennaro in Edmonton Riverbend. He said, I'm absolutely not
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leaving. So I think it's pretty quiet at this point. The offside chance someone leaves is pretty low.
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But the thing is that Carney's given Polyev a gift because the budget is what the Conservatives
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would have basically said the Liberals are going to do in an election. And it effectively was what
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Polyev said, that Carney's pretending like he's more responsible, but he is going to be running
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bigger deficits than even the Trudeau Liberals did. In fact, Carney is a Trudeau Liberal. He was
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the economic advisor to Justin Trudeau from 2020 until he became Prime Minister himself.
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So why is anyone shocked that we're running such a big deficit? Because you are having members of
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the media reacting to, oh, that's a pretty big deficit number, $78 billion. That's pretty big.
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Of course it's big. The guy's entire business career, because this is another thing people cite,
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thinking, well, you know, he worked at Goldman Sachs. Well, he was the chair of Brookfield Asset
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Management. Well, he was the governor of the Bank of Canada, the Bank of England. Okay, simply being
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around money doesn't actually make you good with money. If that was true, lottery winners would be
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the most financially solvent people on the planet, when we all know that they usually quickly go
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bankrupt because they are the type of people, the type of people who buy a lot of lottery tickets,
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don't tend to be very good with their money, hence the fact that they buy a lot of lottery tickets.
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Carney's entire business career in Brookfield Asset Management, the other roles he had was mostly
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just following orders, so how could you mess it up? Although in England, he then decided that he had all
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the answers and actually greatly hurt their economy with all of the monetary policies he pursued over
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there. But at Brookfield Asset Management, they mostly made money from the basically exploitation
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of subsidies, grants, tax breaks, and other things, government contracts, because they were involved
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in sectors that were effectively just subsidy sectors, subsidy industries, green tech, battery tech,
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a lot of other areas of like the green transition type stuff, you know, new EV plants, all these
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things where either the actual manufacturer or creation of the product or energy is heavily
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subsidized by the government, or the people buying the product are heavily subsidized on the demand
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side by giving massive tax breaks to buy electric vehicles and whatnot. So the guy doesn't actually know
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how to create real productivity. His entire business career has nothing to do with real productivity,
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it has to do with exploiting government programs. And so that's why we are here. And Paulie, I've
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actually had this funny moment when talking about the budget today, where the liberals have been
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pretending that no, no, no, we're actually, we're weaning ourselves off of carbon taxes, when in fact,
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despite getting rid of the consumer carbon tax, they are strengthening the industrial carbon tax,
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and they also have a clean power, clean energy, like a regulation that's going to come in that's
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also going to raise the cost of fuel. And Paulie have pointed this out that it's literally there and
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he had to take out their own budget book and they got mad because you're not allowed to have props
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in the house, even though he's having to literally debunk them with their own words by holding up their own
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words. He says it's imaginary, but it's in his budget. Does that mean the budget is a fictional
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document? Here it is on page 106. Strengthen the industrial industry.
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So they're all, they're all mad. They're all freaking out because you can't hold up the book. You're not
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allowed having props. Okay. If we're going to allow someone one prop, can we allow them to hold up
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the government's own budget? They are apparently proud of so they can read from it. In fact, I
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actually find so many rules regulating how people speak and act in the house of commons and in
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provincial legislatures to be frankly silly. You'll have some pretty bad behavior going on from people
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jeering and freaking out and whatnot, but the person speaking is not allowed to use somebody's name.
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The honorable member may continue now that the prop has been put away.
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Mr. Speaker, they say their budget is a prop and its contents are imaginary. We're in real trouble.
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They really walked into that zinger right there. Like guys, political optics liberals. Like,
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please do not call your own budget a prop. Just say, oh, we don't, he shouldn't be able to,
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Homes take steel. They take aluminum. They take concrete and cement and glass. The industrial carbon
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tax drives all those things up. With our youth unable to afford homes, why don't they get rid of
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this tax so that we can bring down the cost of housing?
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So we don't have the response there just because it's not how the person clicked it who posted
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online. Do we really think that the government house leader, Steve McKinnon, and by the way,
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where's Prime Minister Mark Carney? Why doesn't he come out and defend his great budget? He's apparently
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proud of it, but he's sending out Steve McKinnon, who is a, in my mind, I hold him in similar value
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to a circus act to come out and probably say some mild things about how we are investing in Canadians.
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We are growing the economy and we also care about the planet too. It's so obnoxious. I want to jump
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over now to, as well, we have Andrew Scheer here talking about the budget and talking about the lack of
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actual real affordability measures. Now, I believe in this clip he says there's no affordability
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measures. There technically are. On net, do the affordability measures overcome the fact that
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they are just blowing out the deficit and they're dumping money into, they're effectively going to
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be causing massive inflation. Does it overcome that? Potentially not, but there are affordability
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measures. Now, they're pitiful, but I just want to quickly fact check that. There are affordability
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measures. They are lowering taxes under $50,000 by a little bit. When I say by a little bit, I mean
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like a family of four might be able to get at the, only making $50,000 a year each. They may be able
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to get like $800 back. The average person is probably going to get like $350 back, but technically
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there is affordability things. With businesses, they have this one-year plan that all of your capital
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expenditures for like a new building or like new equipment, you can fully 100% write off,
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but that's only a one-year thing. It's not even exactly a bad idea, but why don't you just cut
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taxes instead? Like just permanently lower people's taxes rather than giving them this one-year
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giveaway where if you buy a new like excavator for your construction company that you can just write
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off the cost of the excavator. Not a horrible plan, but it's a way of placating people for one year
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and then going back to high taxes. This government is decreasing immigration, getting rid of climate
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policies your party wanted gone, and cutting the public service. If you believe, as you told
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Canadians during the election, that those things will better our country, isn't this budget worth
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supporting? Why do you say they're shrinking the size of the federal service? The public service by
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40,000 jobs. Well, you know, what I saw was a deficit of 55.6 billion, sorry, that's public debt
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dollars. The deficit under Mark Carney is even bigger than under Justin Trudeau. I didn't say
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they're not spending, but I'm saying that they are cutting the public service, which is something
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you advocate for. Now, I actually like Vashie Capella. She grew on me over time. I find she asks
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good questions, and maybe this is her just pushing back, doing some hardball, make sheer justify what
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he's talking about. But like, well, yeah, but they are cutting back on spending. Like, okay, it doesn't
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matter if you are trying to cut some ministerial bloat, if you're trying to cut some public service
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bloat, if that bloat is being increased and then just shifted somewhere else. Now, some of it,
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they'll say, well, it's an actual investment. It's not just spending, although it's all spending at
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the end of the day, we can just evaluate if it's good or bad. Maybe they're going to argue it's good
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spending to be putting money towards infrastructure projects like their clean energy grid, which is
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probably going to come in massively over budget and not be nearly as worthwhile as they think.
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But at the end of the day, that is still weight on the private sector. That is weight on people's
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personal finances. So yes, they can say that they're cleaning up some of the personnel spending.
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But do I really think that the personnel are even going to go away? Are they just going to be shifted
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towards the department carrying out the infrastructure, the bigger infrastructure projects?
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Like, I don't believe them. Sorry. But let's get to Shear's response here.
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Well, first of all, there's a lot of notional things that they're hoping Canadians
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will trust them. It will actually come to fruition. When you see a government that's
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announcing new programs, massive amounts of new inflationary spending that's going to drive up
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that deficit, I don't see that as the government getting smaller. I see more and more Canadians
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having to work harder, pay more taxes to pay the interest on that debt that Mark Carney's
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racking up. What Mark Carney has essentially said is, after 10 years of inflationary deficits and
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massive overspending by Justin Trudeau, Mark Carney's saying the problem in Canada is that the government
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wasn't spending enough, that the deficit wasn't big enough, and that the debt was not big enough.
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You know that now, under Mark Carney, more of your tax dollar is going to pay the interest on that
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debt than on health care? That's not sustainable.
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I have a number of questions for the minister about the level of debt service charges, and I do take your
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point on that. I also think back to the last time we, as a country, were in a crisis in 2008 and 2009.
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And I remember the prime minister at the time, Stephen Harper, spending a lot of money on
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infrastructure in order to stimulate the economy. Now, I want to respond to this point. It's not
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even a bad question. Again, sometimes a tough question, even if it's not technically true,
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is fine to pose to someone like Scheer so he can shoot it down. But this is, I've seen people posting
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this, that I think it was this Tyler Meredith guy on X saying, well, technically with inflation,
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Harper in 09-1010 spent more money in his, but his deficit was bigger than Mark Carney's in
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with inflation added. It would be like saying, well, technically the deficits we ran during World
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War II were bigger than the ones today when you take inflation into account. And I just think,
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what are you possibly talking about? You're comparing the world financial crisis and the spending we did
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to kind of buoy the economy back then to currently our economy is just begging for the government to get
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off its neck. They are just wanting lower taxes and lower regulations. And we're just going to spend
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more. You can't just keep spending money to try and get yourself through any like a situation. Even
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in 09-1010, that spending would have negative consequences. But Harper eventually balanced the
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budget too. There is the consequences to spending that much money for Stephen Harper, but he understood
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what the consequences were. This is for short-term gain. And then we are very quickly going to bring
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spending back down and even balance the budget. That is what he did. But the thing is that this
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government is not responsible. In fact, I ought to read this right here. I'm not going to bring it up
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on screen. There's just no point in my opinion to doing this. But I just want to show you the actual
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debt or deficit. We're running a $70 billion deficit this year. Next year, it'll be about
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$60 billion. Then it'll be like $56 billion. And then in like 2028, 2029, it's going to be like $30
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billion. And then the year after that, it's only going to be $10 billion. Woo! Yes, let's just have
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really good-looking budget projections for years in the future as if they ever stand by those things.
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Because based on Trudeau's previous budget projections, we should be at a balanced budget
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or something by now. Or at the very least, the deficit should only be like $10 or $20 billion.
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Remember, the Liberals, their big red line last year was keeping the deficit to like $40 billion.
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And then they ended up blowing it out to $60 billion. And now Carney's blowing it out to $78
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billion. But when these people show you a chart showing their deficits falling, then you're supposed
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to assume that, oh, yeah, of course, they're going to be able to achieve that. But I'll let
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Scheer now respond to this. When I look at the line items that add to increased spending to
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drive up that deficit, a huge chunk in this case is exactly that, is spending on infrastructure
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in order to spur economic growth against the backdrop of an economic crisis. Why was it
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okay then and not now? Well, the difference was targeted investments after years of balanced
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budgets bringing Canada's fiscal house back in order versus now when we see a government
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that's really spending a lot of money on areas that's not going to benefit Canadians. There's
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not a single affordability measure in this budget, not a single thing that's going to lower grocery
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prices or reward hard work. This is a budget that's creating new ways for the government
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to spend money. It's bloating bureaucracies. All the things they're talking about are notional
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and far off. I look at the tables that they actually put in the budget. Investments going
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down this quarter, went down last quarter. They're projecting it to go down next quarter. This
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is all since Mark Carney's become prime minister. And one of the problems with their plan to just
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dump a lot of money into infrastructure and give this one year big capital write-off for
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corporations, and that's fine. Small businesses, medium-sized businesses, large businesses can
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use it. They can say, hey, I would usually be paying this in taxes. How about I just take
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this for a smaller business? I'll take this like $400,000 I'm usually going to pay in taxes,
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and I'll just spend that on capital stuff and they'll let me write off most of it. I think
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they only let them write it off to a point because obviously every single company would just try and
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pay no corporate taxes next year by just spending as much as possible on capital stuff. But at the
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end of the day, one, that's going to make a bigger deficit for next year and this year. But as well,
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the problem that we're going to be running into is that nobody wants to try and navigate in an
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economy where you have to kind of like read the rulebook really deeply to know what's coming down
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the pike, to know the kind of grants and subsidies that are available to you when taxes may go up,
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when regulations may go up, when they may throw you a bone like on this capital spending write-off.
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That's the problem. People would rather operate in Texas. People would rather operate in Florida.
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They would rather go to pretty much any state in the U.S. because it's predictable the kind of
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policies that are going to be in place. Obviously, there are bad fringe examples, but the bad fringe
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examples in the U.S. and places like San Francisco and New York City now with Zoran Mamdani as the
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mayor, those prove the point of why places like Texas are so good to set up a business. In fact,
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Alberta even proves the point because Alberta, with its better provincial regulations and taxes,
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make it an actual somewhat viable economic zone in Canada compared to the rest of the country if
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only the federal government would do the same things as the Alberta government is doing.
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Have you ever gotten deep in a video and you're like, oh my goodness, Wyatt, I hate the sound of
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your own voice? And that's why I just thought there. But anyways, I just want to move on and bring up
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the reactions that we've had from the different party leaders. I want to start off here with
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with Don Davies first reacting to the digital service tax being taken out because he is
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trying to hit the liberals for being too conservative for backing down on the DST because
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of Trump threatening to walk away from the table over it and on the liberals backing down.
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So here is the interim NDP leader, Don Davies, talking about that. And then I will get to the
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clip of him giving his overall opinion of the budget.
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There's no digital services tax. You know, this was a measure that the liberals themselves
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invented five years ago, worked on. It would raise a billion dollars a year in revenue taxing the
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biggest U.S. tech companies in the world. We're talking Mark Zuckerberg, Elon Musk on profits over
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Is he just giving the game away that that was in fact a tariff? Because that was Trump's argument and
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Don Davies is entirely admitting, yeah, that the entire tax was invented to mostly
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tax American companies. The only Canadian company that most people ever list that would even qualify
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for this would be like Shopify. And that's it. Only Shopify would have revenues that's a Canadian
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company high enough in Canada to have to pay money on this. And a billion dollars? He's going to get,
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he's going to quibble about a billion dollars in extra revenue for the government. The deficit's
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$78 billion. And you think that we could be having a new bureaucracy to carry out taxing U.S.
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corporations mostly in order to get $1 billion and making Canada a place that less tech companies
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Now, if you have a revenue problem in Canada, and you have to cut public services, or you could tax
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the wealthiest people on the planet, NDP thinks that it would have been a wiser choice to tax those
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people. So you see, there's positive and negatives in this budget. And we're going to take a
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comprehensive look and weigh it out in the aggregate over the next few years.
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So Don Davies and the NDP are the ones hedging the most on whether or not they're going to be voting
00:21:15.280
for it. Obviously, we already know the answer from Kir Polyev that the opposition will not be voting
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for it. And here is him just giving his general overview on the budget. Then we will go to use
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Francois Blanchet. And then because life hates us, we're going to have to listen to Elizabeth May,
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who oddly enough, actually does not support the budget.
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Well, today we have the first budget at the federal level in 18 months. And I want to contextualize
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it a little bit. Canadians are facing serious economic pressures from coast to coast to coast.
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We have skyrocketing prices in groceries and rent. And housing as an ownership proposition is simply
00:21:56.020
out of the question for too many people. We have unemployment at 10-year highs, particularly hard for
00:22:01.660
young people. We're one in six. Young people is out of work. And many more than that are underemployed.
00:22:07.780
Economic growth is weak. And of course, we face serious problems from south of the border.
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So it is in that context that we're evaluating this budget today. I can tell you that New Democrats
00:22:21.000
are going to take the time to study this budget. We're going to consult with stakeholders.
00:22:26.120
We're going to talk to Canadians, particularly working Canadians, and review this budget to see
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if this budget passes our lens of whether it works for working Canadians.
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Let's be very clear here. If the NDP was actually intellectually consistent,
00:22:40.240
they should say we're totally fine with this because, like, here's really the thing.
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This is what I'm trying to say. So I'm going to back up a little bit here.
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If they were intellectually consistent, they should just say they want even more spending
00:22:53.920
and no cuts to public services and public service personnel. Again, I don't actually think
00:22:59.760
those people are being cut. They're just going to be transferred somewhere else. But in general,
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I always find it kind of funny because you think a deficit of $78 billion should be right up the
00:23:08.340
NDP's alley. But the NDP can turn anything into it's too conservative. Yes, we only have theoretical
00:23:14.660
public service cuts that this thing may entail. And it's spending way more money. And a lot of these
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people are probably just going to get jobs in the new departments. But somehow this is like,
00:23:24.420
you know, too mean to public sector workers. At the same time, the thing is that the layoffs may
00:23:30.060
actually affect the Ottawa-Gatineau area, because while it may actually be reducing kind of that
00:23:35.820
Ottawa-tied position, it's going to open up a lot of more government positions around the country
00:23:41.360
elsewhere. Man, Bruce Fanjoy must be taking it on the chin from all of his constituents who beat
00:23:47.960
Pierre Polyev for his Carlton seat on the idea that he was going to stand up and fight for public
00:23:53.440
sector workers. You know, I don't actually think many of these people are actually going to be
00:23:57.780
fired. But the perception from those workers and parties like the NDP is that it will. And even if
00:24:03.860
it fires even just a few thousand people in Ottawa, you're going to have this big backlash. And I think
00:24:08.380
that Carlton is going to be a winnable seat for the Conservatives next election again, because you're
00:24:12.240
going to see a surge for the NDP and a backlash to Bruce Fanjoy. I think, though, that the NDP are
00:24:17.860
probably going to vote for this thing. The issue for them is they are stuck in the middle of a
00:24:22.320
leadership race. So they can't really vote for to take down the government right now and then have
00:24:27.640
interim leader Don Davies lead the party. It would feel kind of fake. Like, obviously, the NDP is
00:24:34.360
never going to form government and make their guy the prime minister. But it always feels weird that
00:24:38.200
the guy who is at the leaders debate is not really the full leader. I guess they would say he's the
00:24:43.480
full leader and we'll put the leadership race on pause and then continue this in a year or so.
00:24:46.960
But it will always feel a bit hollow. So that's why the NDP is going to say bad things about the
00:24:51.980
budget. But they'll say there's just enough here. But this is the final straw. This is the last thing
00:24:56.520
that we're going to support you guys on. The next budget better be 10,000 times better. We're going
00:25:01.120
to vote against it because it is in the NDP's best interests to have an early election. But because of
00:25:07.220
their leadership race, it is currently just too early at the moment.
00:25:11.360
I hardly see. And of course, now we're listening to Yves-Francois Blanchet's reaction to the budget
00:25:18.300
for the Bloc Québécois. After having met with our caucus tonight, we could vote in favor of this
00:25:26.200
budget. Those $78 billion of deficit, whatever tricks they want to invent.
00:25:35.400
There's nothing of what we did ask in the budget. And I must tell you that what the Bloc Québécois asked
00:25:47.340
in order to maybe support the budget about elders, about health care transfers, about what we did ask,
00:25:57.880
but one thing that was not given to Québécois and given to everybody else would have been good
00:26:03.560
for all Canadians, not only Québécois. Still, the answer is no. This is a red conservative budget
00:26:14.540
which Mr. Harper might have signed. And there's nothing for Québécois in there. Absolutely nothing.
00:26:23.980
We did ask what was basically the object of a large consensus within the population of Quebec.
00:26:31.980
And the answer from a Québecer, Mr. Champagne, is a blunt. No.
00:26:38.660
And so it's funny, again, the Bloc are actually a lot like the NDP on this. They're mad that the public
00:26:45.420
service spending may go down in terms of public service personnel, that they're going to cut 15%
00:26:50.960
of positions. Again, that's something where I think the liberals will just keep putting off really
00:26:56.740
doing a mass layoff. So they'll maybe trickle out some staffing cuts here and there. I don't think
00:27:02.100
it's going to be hard and fast because one, it would just be a bad look for their political side
00:27:07.440
to fire people this quickly. But it's funny seeing the NDP and the Bloc. Blanchet kind of pretends
00:27:17.660
like he cares about the deficit, but he cares about the deficit only insofar as that it's such
00:27:22.280
a high deficit with none of our demands included in it. And that this is just, you know, you should
00:27:27.400
have put more care for the elderly in there. You should put more entitlements in there. You should
00:27:32.520
have done whatever. Again, for his political purposes, this is probably good for Blanchet that
00:27:39.260
the liberals didn't do what he wanted because now he could run back and say, see, you can't vote for
00:27:44.460
the liberals in Quebec because they are going to start cutting your jobs in Gatineau. They are
00:27:49.200
going to start reducing public service spending that you like, and they're not signing on to our
00:27:54.660
demands for better old age security pensions and all this stuff. So that's where they are.
00:28:01.260
They're going to vote against it to be stridently more left-wing and progressive than the liberals are.
00:28:06.960
But before I move on, I have to do this. I don't know why I have to do this.
00:28:10.640
That lady's very tall. That is it. That's the public service announcement. I was just looking
00:28:16.600
at her during the thing. I was like, ah, she's tall. I should vocalize that. Good for her.
00:28:22.020
Anyways, okay, now let's move on to Green Party leader Elizabeth May. Oddly enough, not voting for
00:28:28.560
it, even though they are just dumping money into green energy grids or whatever. It's probably that
00:28:33.840
it doesn't ban all economic activity, and that's why she can't vote for it.
00:28:38.200
As it stands right now, would you vote no on the budget?
00:28:40.660
Absolutely. There's no way that we can, as Greens, vote yes on this budget. But I want to emphasize,
00:28:47.840
there are several days in which this budget can be negotiated and amended before it goes to a vote,
00:28:55.360
and that's something that doesn't get discussed much. I am surprised that Mr. Carney has not reached
00:29:01.760
out or that more of his ministers haven't reached out to say, what would it take to get Greens to
00:29:07.360
vote for this budget? In the same way I hear from friends.
00:29:10.100
She's saying this as she is literally the only Green MP. Is she the only Green MP?
00:29:15.460
I'm pretty sure she is the only Green MP. It would be odd to me, yeah, that she is the only one. Why
00:29:23.880
does she keep referencing to the guy behind her as if he's going to have any say over all this? He's
00:29:30.860
The new Democratic Party, they haven't felt that there's been an effort to get us on side early
00:29:35.740
on. So we are now in a position where I think every vote's going to matter, every vote's going to
00:29:41.120
count. And I would invite the Prime Minister, and I've sent this message through the officials who
00:29:47.100
were with us in the lockup, please let them know I'd like to talk because there's some things that
00:29:52.020
could be done that would make it possible for us to vote for this budget. Yeah, honestly, I could
00:29:56.960
actually see a smart political play by the NDP here, being that they only have some of their MPs vote
00:30:04.500
for the budget. So if the Liberals only need two more votes of the seven NDP, five of them vote
00:30:10.520
against, two of them vote for, and they say symbolically, we are basically, that is basically
00:30:15.460
the ratio. The two people voting for it aren't in favor of it. It's just that our caucus can only say
00:30:20.180
that we are two-sevenths in favor of this budget, so we voted for two of our MPs. And maybe in that
00:30:27.480
scenario, Elizabeth May's vote actually does matter if they want to make it that only one NDP
00:30:31.740
MP votes for the budget, and then Elizabeth May puts it over the top. In fact, that actually would
00:30:37.500
look really bad for the Liberals, that this was effectively a Green Party budget in a lot of
00:30:42.460
ways since they were so needed in passing it. But now, it's a bit of a longer episode. I do just
00:30:48.480
want to comment a little bit more on Chris D'Entremont leaving the Conservative Party and
00:30:54.500
crossing the floor over to the Liberals. Just a little more follow-up from this. Now, there was
00:30:59.220
rumors again that there were going to be a bunch of other MPs who were potentially going to cross the
00:31:03.800
floor. And so far, based on two of the people that were being suspected speaking out saying,
00:31:08.020
absolutely, I'm not leaving, maybe they were thinking about it at some point, maybe they're
00:31:12.000
not. Let's just take their word for it that they were never thinking about it. It's the most favorite
00:31:15.600
thing to do. I think it's a pretty low chance anyone else leaves because D'Entremont is making
00:31:22.020
himself look pretty bad right here. So this was his interview right after having left. And then I want
00:31:29.120
to go back and show some of his own statements in the House and how foolish this all looks in
00:31:34.020
context. Hey, Mr. D'Entremont, just a quick question. Was there anything tangible, you know,
00:31:40.540
offered towards you by the Liberals, a promise of perhaps a position in Cabinet, down the line,
00:31:45.600
anything along those lines to get you to cross the aisle? No, it really was it had to do with my
00:31:49.920
writing itself. You know, Acadianapolis is a big rural writing with lots of fishery and lots of
00:31:55.580
agriculture and a military base. I want to make sure that I'm doing the right thing for them
00:32:01.160
to make sure that they have the housing and the infrastructures that they need. And I felt this
00:32:04.900
budget was one that was going to provide that. Last question, Gillian. Some of your former
00:32:09.660
colleagues have already been reacting to this news. They've called you a coward, disingenuous and
00:32:14.300
disloyal. What's your message to your former colleagues? Well, I think they should look at
00:32:18.020
themselves and see if they're offering the right thing to Canadians of trying to build
00:32:25.260
build for the world. I mean, we have a great opportunity here in Canada. And rather than
00:32:31.540
knocking people down, we should try to find ways to work together. And that's what I've always tried
00:32:37.140
to do in my career. Does he understand that he was part of the official opposition? Now,
00:32:43.100
the opposition doesn't always need to oppose, but it's not like Polyev and the Conservatives have
00:32:48.820
been reflexively asking for the world, knowing that the Liberals will say no. They've been asking for
00:32:53.780
things that if the Liberals rolled it out, I wouldn't be that shocked by it. Not that the Liberals
00:32:59.500
would do it on their own power, but if they were badgered enough on the industrial carbon tax,
00:33:04.540
maybe one day they'll reduce the effect of it. If the Liberals, that would be actually working
00:33:10.300
together. In fact, the Liberals right now seem like they don't want to work with anybody as they
00:33:14.180
keep just threatening a new election for the NDP and the Bloc and the Green and the Conservatives
00:33:22.180
not voting for the budget. That, you know, well, you know, we'll take it to Canadians and we're
00:33:25.860
worried that nobody's going to be voting for the budget. And they haven't actually,
00:33:29.180
you know, based on the testimony of Elizabeth May and Blanchette and Don Davies, they really
00:33:35.580
haven't been even listening to the other parties, even on their left, or trying to get votes on the
00:33:40.820
budget. And obviously, they really don't listen to the Conservatives. And so him acting like,
00:33:45.460
oh, we just need to all work together. And why are the Conservatives being so oppositional?
00:33:48.600
It's like, well, they are the opposition risks. And also, they, you know, want things. They're not
00:33:57.280
just going to work together for nothing, because that's not what their own voters and constituents
00:34:02.220
want. And it was so odd to me that he even said that stupid statement about, oh, I'm in a very
00:34:08.200
rural riding with a lot of fisheries and a military base and all this stuff. And it's like, okay,
00:34:12.440
maybe he's justifying, oh, it's good for defense spending. It's good for my constituents. There's
00:34:16.520
more defense spending, because we have a military base here. The Liberals were the ones who put
00:34:21.080
quotas, who put very low quotas on the fisheries as killing the fishing industry. It's more of an
00:34:28.480
issue in Newfoundland and Labrador, but they were the ones who banned the seal hunt, which is now
00:34:33.620
decimating fishing populations, because fishermen can now no longer shoot any seals that are actually
00:34:39.400
threatening their ability to harvest fish. You know, the Liberals have not been good for industry
00:34:45.140
of any kind outside of like the green industry, the subsidy industries. I don't know what he's
00:34:51.400
possibly talking about. And this really goes back to the fact that everyone knows the real thing he's
00:34:55.440
ticked off about is that the Conservatives wouldn't vote for him to be the Speaker of the House or the
00:34:59.920
Deputy Speaker. Well, of course they didn't. The Liberals are that close to a government. They're
00:35:05.560
that close to a majority. So why would they want their own Conservative MP to sit as the Speaker,
00:35:11.220
making it this much easier for the Liberals to pass things? Now, if the Liberals had a big majority
00:35:16.620
government and a Conservative wanted to sit as the Speaker, I don't think that would be a bad thing.
00:35:20.620
That's fine. Fair enough. You know, it doesn't really change anything. He wants to be the Speaker.
00:35:24.140
It's his dream or whatever. No, for practical political considerations, sorry, Chris, you don't get to be
00:35:30.660
the Speaker. Now, let's move on to another clip of Chris D'Entremont talking in the House of Commons
00:35:38.780
about what he thinks of the Liberal government. Because isn't this kind of funny that the Liberals,
00:35:44.260
that Chris D'Entremont a while ago was criticizing the Liberal budget and saying that they spend too
00:35:50.760
much, but now apparently it doesn't really matter. There's also a video of him going to the Liberal
00:35:56.840
caucus today and they're all cheering Chris and freaking out and whatnot. And, you know, you're such
00:36:01.780
a hero for crossing the floor. No, he's in fact a coward. And I think that he's, we're going to get
00:36:06.540
to this a little bit later, has made it almost automatic that he's going to lose the next election.
00:36:12.100
Because do you think he hasn't activated local grassroots Conservatives to organize against him now
00:36:16.920
to make sure that he does not win re-election as a Liberal?
00:36:20.380
I want to speak in support of the Conservative motion because Canadians are hurting. Families are being forced
00:36:25.960
to cut deeply into their grocery budgets just to get by. And frankly, that makes me a little bit
00:36:32.280
angry and a little bit sad. The Canada is a wealthy country, but under this Liberal government,
00:36:41.600
it's being mismanaged. Taxpayers are being squeezed and their hard-earned money is, is being wasted.
00:36:52.140
In Southwest Nova Scotia, where I have lived my entire life, people work hard. They want to own
00:36:58.460
a home, feed their children, provide a good education to them, and maybe take a vacation
00:37:05.180
every once in a while. But you know what? Since 2015, everything changed. Since I was first elected
00:37:10.980
here in 2019, the cost of living has skyrocketed. Even then, families in West Nova, it was called at the
00:37:17.760
time, but in Acadianapolis, we're struggling. We warned that liberals that are out of control
00:37:22.000
spending and massive deficits were irresponsible. But of course, they didn't listen. And now,
00:37:28.700
after six months under a new Prime Minister, who promised financial discipline, Canadians
00:37:33.840
are still waiting. He said they'd be judged by the cost, he'd be judged by the cost at the
00:37:39.680
grocery store. Well, Mr. Speaker, Canadians are judging him, and they are not impressed.
00:37:45.220
But, I can just cut off there. But he left, and now he's a Liberal MP. Why? What changed?
00:37:52.480
Literally nothing. Using his own words, nothing has changed. Canadians are not impressed. The
00:37:57.620
deficit is bigger than Carney was trying to play up just a few months ago. Oh, you know,
00:38:02.060
he wasn't saying this himself, because it would still be embarrassing to even vocalize this.
00:38:05.920
But the whole idea was, it's probably going to be $60 billion, and then it became $78 billion.
00:38:10.280
And then there's also a lot of bad stuff baked into it outside of just the bad spending in general.
00:38:15.800
Like, the current debt servicing costs are $54 billion a year, or I think $55 billion a year.
00:38:23.200
That's what Andrew Scheer was referencing in that previous clip. We are spending more on debt
00:38:29.180
servicing than healthcare transfers. The amount of money the federal government sends to the provinces
00:38:34.840
to help their healthcare systems, which is a massive portion of the healthcare spending in
00:38:40.780
the provinces every year. That is a smaller amount of money to the debt servicing costs right now.
00:38:46.360
That should send alarm bells through Canadians' minds. But, you know, say now I've changed teams
00:38:53.180
because I want to work together. Well, hopefully that makes you feel warm and fuzzy inside, Chris.
00:38:57.900
But I now want to reference something that my friend Chris from the Great Canadian Bagel,
00:39:02.480
a good Chris, said. Chris from the Great Canadian Bagel YouTube channel on X said,
00:39:08.720
reacting to Rick Perkins, basically saying that Chris D'Entremont, because Rick Perkins is a former MP
00:39:18.720
from King's Haunts right next to Chris D'Entremont, and he said that Chris had basically vocalized to him
00:39:24.880
that I might as well not even run as a conservative because I'm going to lose my seat next election
00:39:29.300
because the Liberals came within a 0.1%. They were 1.1% away from beating me, so I am in a bad,
00:39:36.140
vulnerable position now. And Chris, the good Chris, from the Great Canadian Bagel says,
00:39:42.260
ironically, Chris D'Entremont was going to win re-election, and now he stands a good chance of losing it.
00:39:48.040
Crossing the floor because the Liberals had once a decade high performance in Nova Scotia
00:39:53.520
is mind-numbingly stupid. And I want to then jump over to the actual voting record in Acadianapolis
00:40:01.640
because Chris, the Great Canadian Bagel, is absolutely right. He's actually very likely to
00:40:07.460
lose now because here is the result from this last election. The Liberals gained 15.88% of the vote.
00:40:15.940
The People's Party fell by 4.41%, the New Democrats fell by 9.3%, and the Conservatives fell by
00:40:23.280
3.64%. I don't think the People's Party went to the Liberals. I think the PPC probably went to the
00:40:28.100
Conservatives, and there were more Conservatives who then also left to the Liberals. But the Liberals
00:40:33.220
had a massively better performance than they usually do, and they still lost by 1%.
00:40:39.580
Go back to the previous election. This is the redistributed results based on the new boundaries.
00:40:46.240
Chris D'Entremont won with 51% of the vote, with the Liberals getting 30%, the NDP getting 12%,
00:40:52.400
and the PPC getting 5%. This is back when it was West Nova. Chris D'Entremont, 50%, Liberals 31%. That was the
00:41:02.160
actual result before the redistricting. 2019, West Nova, 39.3% beat the Liberal 36.38% because it was
00:41:11.180
a Liberal riding very briefly in 2015 during the high-water mark election for the Conservative Liberals.
00:41:17.300
They got 62% of the vote. But before that, in 2011, it was a Conservative riding. This, in fact,
00:41:24.480
used to be, I believe, at one point, or yeah, it was more of a Liberal riding previously.
00:41:29.940
But this has always been a more trending Conservative riding over time. So I don't know what he's possibly
00:41:38.000
thinking that this was going to be a good thing for him to leave, because the Liberals had a great
00:41:45.040
news cycle to run on back in April against Donald Trump. They had replaced their very unpopular
00:41:50.580
leader with Mark Carney, which gave the perception they were more Conservative. Carney is a name that
00:41:55.580
many people who are, you know, seniors in the East Coast would know of, and they may really like him.
00:42:03.080
And he basically got to run on a clean slate, pretending he was going to be more fiscally
00:42:07.880
responsible and all these other things. So, and then the NDP also collapsed under the sheer
00:42:13.400
irrelevance of then-leader Jagmeet Singh. Obviously, it was going to be a close election somewhere like
00:42:18.620
Acadienapolis. Do you think it's going to happen a second time that the Liberals are going to do even
00:42:23.360
better this time than they did last time? No, they're not. They're probably going to fall.
00:42:28.440
They're probably going to lose seats in Nova Scotia. The Liberals just got clobbered in Newfoundland
00:42:33.740
and Labrador, despite what the polls are saying, because the Liberal brand ain't that popular right now
00:42:37.960
past April, past all the elbows up stuff. We're going back to the mean. And the mean is that people
00:42:44.100
don't like the Liberal Party very much, and they're tired of them. So maybe this is a good thing in the
00:42:50.860
sense that Chris D'Entremont is going to prove a very, he's going to basically teach us a political
00:42:56.220
lesson about how elections work, about how, you know, grassroots politics work, that you can't just
00:43:04.000
simply wish that you were part of the team that you perceive will be easier to win with. Even by
00:43:08.680
doing that, you're going to tick off so many people, you're not going to get what you want.
00:43:12.380
But anyways, with that all being said, thank you guys for watching. This has been a long episode,
00:43:16.880
but hopefully you like that sort of thing. Right before I did this, I was actually just on Candice
00:43:21.680
Malcolm's show on Juno News. So if you like to watch Juno News as well, watch out for me on that one.
00:43:27.880
I got to be on the same episode as Brian Lilly, so I'm moving up in the world. I wasn't on camera with
00:43:32.780
him, but I was, you know, I was, I was, I followed him on the show. Oddly enough, he still has me
00:43:38.620
blocked on X and I forget the reason why, but whatever. Things happen in life. Like, share,
00:43:44.420
subscribe, do all that fantastic stuff, guys, and I will see you all later.