Carney Liberals in hot water over finances - Canada Post strike backfires massively!
Episode Stats
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184.0226
Summary
Wyatt Clunis talks about the state of Canada's finances, the Canada Post strike, and the PM's handling of the situation. He also gives credit where credit is due for dealing with the strike by the Canadian Postal Workers Union.
Transcript
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we're going to spend less so we can invest more?
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Well, it turns out it just means he's going to spend a lot of money
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I want to talk to you guys today about the terrible state of Canada's finances
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and our great new interim PBO who is not mincing words
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when he's going after the current government's wasteful spending.
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I also later in this video want to talk about something
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and that is how he is dealing with the Canada Postal Workers Strike
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which isn't perfect, but I think the Postal Workers Union has it coming.
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They have two major strikes in less than a year
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and they don't expect that the government will eventually just say
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how about we stop doing door-to-door mail delivery
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So we will be talking about that a little bit later on
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as well as those who think that somehow they are justified
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in striking yet again despite already having gotten everything they asked for last year.
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But before we get into it guys, I just want to remind you
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if you like the show, make sure to leave a like on this video,
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and I do enjoy scrolling through and seeing what people are saying
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But let's start off with the new interim parliamentary budget officer,
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Jason Jocks, who did a great job in a committee meeting the other day.
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He is somebody who does not really stick to kind of parliamentary language.
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I don't mean in the sense that he's like vulgar, obviously not,
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He's not saying things with soft language about how, you know,
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And that, you know, he'll just say we're headed to disaster.
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we don't want the Canada's economy to sunset in the next five years
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and that we may end up in a recession-like state.
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He'll just say it's stupefying and shocking how bad the spending is.
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But here was Jason Jocks on CTV News just yesterday.
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In the report, we clearly indicated that based upon the path we're currently on
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by our estimates, it raises significant concerns
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with respect to the sustainability of federal finances.
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I'm asking because we hear that word a lot from economists,
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particularly when we're talking about deficits or balanced budgets,
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When you say that you have concerns about the sustainability
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I think the, like, certainly from our perspective,
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We're kind of looking out over the cliff at this point.
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And we're at a point where, based upon our numbers,
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So what we've done is we've taken what everybody's feeling
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in terms of the anxiety across the country at this point,
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positive economic growth that doesn't necessarily feel very good.
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And we've actually put numbers around it with respect
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to the federal government's deficits over the next five years.
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And for us, it's really important to set the table
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for parliamentarians so they know what to expect,
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so they have a better sense of the overall context
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within which they're going to be presented with budget 2025.
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I like this lack of nonsense that comes from jocks.
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It's not, the last PBO was actually pretty good too.
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Generally speaking, your PBO is going to be someone
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It drives them up the wall when things are not balanced.
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And so that's why they are in the watchdog role.
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They are not supposed to be an ally of the government.
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or not even opposition, but, you know, referee.
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When you're spending too much, they will say it
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so that it's not just an opposition conservative critic saying it.
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and they are not trying to be partisan about it.
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that after the committee stuff came out yesterday,
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oh, well, no, the thing is that he doesn't understand
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is actually going to be a good thing for Canada.
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but are we actually growing in a sustainable way?
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And I don't mean that from a green perspective.
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If you're able to go the other way, what's there?
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Obviously you don't want to go over the precipice.
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are very much aware of the challenging economic times
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And the fact that we're going to have more challenging times
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the government has to actually work with at this point.
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But I think also more broadly looking at the restructuring
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So something we've touched on as part of the committee hearings,
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this world order that we've had for the past 75 years is done.
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That both has geopolitical considerations around additional spending
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It also has immediate pressures in terms of the Canadian economy
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and definitely the attenuating or the diminishing of the linkages
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with the US and our need to find other linkages outside the country.
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as borderline a subsidy economy for the last decade,
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to invest more, he's talking about the sort of things,
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like the sort of strategies he would put in place
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when he was running Brookfield Asset Management,
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that survived on government subsidies, tax breaks, and grants.
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who benefits from all of the subsidies and grants,
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to one industry, you are necessarily hurting another,
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it's like Carney doesn't really know what to do now.
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and he's going to the Northwest Territories again.
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but you could have done this during your vacation
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because it feels like it's just an extended vacation again
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You know, we talked about investment in the UK.
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Okay, well, we always wasted a bunch of money showing up.
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If anything, we actually hurt our relationships
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when we show up basically with a bunch of pablum
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Anyways, but now I'll actually move on to something
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I think Polly would have done this too, to be fair.
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They're obviously much more pro-union than other outlets.
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So it says right here, Canada Post denies Ottawa's reforms.
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Give it leverage over striking unions in negotiations.
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Mail carriers, workers continue days-long standoff
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Gives it leverage over the striking union in negotiations
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as the two sides continue their days-long showdown.
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Quote, I wouldn't argue that it's given us any leverage,
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says John Hamilton, a spokesperson for Canada Post
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Quote, the union walked out in response to them.
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If you have a job and you are supposed to carry mail
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and then your union, maybe it's not even your fault,
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but the union says, know what, we're going on strike.
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I know we just ruined everyone's Christmas last year
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because we had a bunch of demands we wanted met
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have actually done something I generally support,
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how about we just end all this door-to-door mail business
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and then all the mail carriers don't need to complain
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Canada Post saying it doesn't give them any leverage,
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It's because Canada Post doesn't have to make profit.
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In fact, they lose hundreds of millions of dollars a year.
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are sort of kind of in league at the same time.
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massive amounts of money doing all this mail carrying.
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you naturally want a bigger budget to deal with
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because, hey, I deal with 300 employees under me,
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that we're always going to deliver mail door-to-door.