In this episode of the CBC's Power and Politics, Conservative panelist Fred DeLore attacks the Liberals for not knowing what a recession is, and tries to pin the blame for it on the Prime Minister, Mark Carney.
00:05:09.600One, of course the Bank of Canada is going to agree with Mark Carney.
00:05:14.060But all the leaders of all the major banks are saying that they don't think we're in a recession.
00:05:18.520Yes, we're three years out from the next election.
00:05:21.280All the major banks want a positive relationship with the Liberal government.
00:05:24.360Are you going to be the bank executive who's going to slag them right now when you can kind of just squint and say, I'm not sure if we're in one yet? Of course, you're going to do that. It's good for business. Of course, if you're one of the institutes that gets some money from the liberal government or wants a positive relationship, you're going to kind of squint a little bit when looking at those at the GDP numbers and saying, yeah, well, they could be it could be like, you know, evaluated, estimated back up later.
00:05:52.700Who knows? And then he brings up the job numbers. Oh, we added 88,000 jobs in May.
00:05:57.420That's not impressive. We have FIFA in North America this year. So artificially, 24,000
00:06:03.440more jobs were made this summer than would have usually been made. And then the rest of the jobs
00:06:10.140in that 88,000 are mostly seasonal. People working road construction, home renovations in the summer,
00:06:16.420building decks, people who are working in the food industry, hospitality, who do, you know,
00:06:23.180boat tours. That is what we, that's what the 88,000 are. These are temporary roles. And this
00:06:30.020wasn't like unexpected, but the media and the liberal party, but I repeat myself, are acting
00:06:35.480like, oh, wow, what, what, what, what, what did Carney just do? He just created 88,000 jobs.
00:06:41.280it's like I've never heard of the concept of summer and summer jobs. It's very obvious what's
00:06:48.320happening here. We are having the summer seasonal working boom, just as we have a holiday seasonal
00:06:55.600working boom later on in the year. Carney, before that happened last year, was like, oh, wow, I
00:07:00.620created 150,000 jobs. What do you think about that? And then in January, we lost not only all
00:07:06.000those seasonal jobs, but another like 40,000 permanent jobs on top of that. And of course,
00:07:11.300the legacy media and Carney ignored all those numbers. They like to cite the big boom of
00:07:16.560seasonal work, and then they don't actually notice the drop off that happens way later.
00:07:21.560None of this, we're still negative in terms of jobs since the beginning of the year.
00:07:26.560And really, it's easier to grow jobs after multiple months of losing jobs, because you get to recover
00:07:33.300a little bit and then we recovered into the normal seasonal job boom so it looks like oh my goodness
00:07:38.820stratospheric job growth no it's a little bit of recovery plus fifa plus the normal seasonal job
00:07:45.620boom that is it april and today the cd how institute's business cycle council the unofficial
00:07:52.340authority of what is or isn't a recession ruled it is too early to conclude that the canadian
00:07:57.300economy is in a recession because the data doesn't meet the standard of a pronounced persistent and
00:08:02.260and pervasive decline in real economic activity. Well, they're just, again, they're just squinting
00:08:08.980to help the liberals. A pronounced persistent and pervasive decline. That usually means that
00:08:14.540you can't just say one sector, hey, forestry is down, oh, we're in a recession. That would be
00:08:18.760wrong. If tech's doing great, if oil and gas is doing great, but forestry's down, fishing's down,
00:08:24.840you can't say it's a recession. So what a recession is, is nationally, two quarters of
00:08:31.420negative GDP growth. That is what we've had. It's been persistent over two quarters. CD House
00:08:39.120specifically says it just can't be over like a couple months because that could just be a shock
00:08:43.360from a natural disaster or something like that. It has to be something that's been going on for a
00:08:48.300while. This has been going on for a while. In fact, over the last four quarters, we've had three
00:08:53.660negative growth quarters. That seems kind of persistent and pronounced. I don't know about
00:09:00.140you i'm not an economist but at the very least i'm also not a liberal propagandist now against
00:09:05.500the backdrop of that debate the government took some big decisions on big tech rolling back a
00:09:10.300ruling to make streaming companies pay more for canadian content while rolling out a strategy
00:09:15.900to deal with the opportunities and the threats presented by artificial intelligence
00:09:20.060now on that streaming tax they rolled back the streaming tax after voting against a conservative
00:09:25.580motion saying that we shouldn't triple the tax they voted against the motion to not triple it
00:09:31.420then they had a little bit of pressure applied to them by donald trump after the recession
00:09:36.060happened and then suddenly dominic leblanc ran down to washington and a couple days later they
00:09:40.940scrapped the thing they left that context out i wonder why david cochran didn't mention that
00:09:46.860it's almost like it doesn't make mark carney look very good and one more thing dominic leblanc he
00:09:51.420He went to Washington to try to jolt those pesky Kuzma talks along.
00:09:54.640So, lots and shoe over with our party insiders.
00:11:13.900But remember, again, Fred DeLore is the conservative on this panel, recognizes it's in a state of play that, you know, there's transition change and there's challenges.
00:11:23.500How do you think this is resonating with voters, this argument over trying to say that Mark Carney caused all of this?
00:11:31.020I think I said it last week, how it's dangerous politics to be going out here claiming the sky is falling when in a month's time or two months time when the next numbers come out, it shows that it isn't.
00:11:43.900a week later we're here a week the job numbers are are better than they were last quarter uh we have
00:11:49.420the cd howie who could have guessed why it's almost like fifa these seasonal jobs and a small
00:11:55.900recovery who who could guess why the job numbers are up why are we playing dumb why is fred delori
00:12:02.300playing dumb he's supposed to be the conservative on this panel polioff has never said the sky is
00:12:07.020falling they keep hyperbolizing what car what polioff is saying he didn't even say full-blown0.98
00:12:12.540recession than the clips they played and david cochran accused him of trying to redefine a
00:12:16.620technical recession to a full-blown recession now no doubt conservatives some mps have said that but
00:12:21.980it's not exactly been the main narrative and he's not been arguing the sky's been falling he's been
00:12:27.020arguing it's a recession because it's the dictionary definition of a recession i don't know how much
00:12:34.940more carefully i could say that institute coming out and uh arguing another economist saying it's
00:12:41.020not a recession uh and it's problematic when you choose to go down that road that polyev has chosen
00:12:46.380to go down so aggressively um almost like he's rooting for a recession um i understand partisan
00:12:51.660politics oh it's almost like yeah you had to say almost like because he's not doing that it's just0.97
00:12:57.820stupid media spin oh like polyev's talking down the canadian economy why does he why does he hate1.00
00:13:03.340canada so much by knowing the definition of what a recession is why can't he just be dumb like the1.00
00:13:08.860liberals and just completely just not know anything about economics why can't he just not0.95
00:13:14.020know what the definition of a recession is and cheer on mark carney very well i you know i'm a
00:13:19.660tribal conservative i want to win the next election three years before an election screaming that the
00:13:24.240sky is falling every week is not how you do it right good thing they're not doing that and he
00:13:29.680keeps saying i'm a tribal conservative and i want to win and how like oh you know i'm focused on
00:13:34.160winning the next election. Why did you lose so bad in 2021 then, Fred? Why did you and Aaron O'Toole
00:13:39.660get completely stomped out in 2021 if you understand how voters think? Apparently, the way
00:13:46.280you win is you take your foot off the gas and you let the liberals do whatever you want. And you sit
00:13:50.480way back and you say, oh, I hope one day they let us be in government. But until then, we're just
00:13:55.320going to keep, you know, clapping and like, you know, sounding like the sports trumpet things
00:14:27.740We're going to jump over to an actual liberal.
00:14:30.440old Greg McEachern, again, trying to spin this as somehow Polyev's issue.
00:14:35.800What do you make of how this will get traction or won't get traction with voters out there?
00:14:40.040Well, I don't think it's going to give traction to Pierre Polyev. So Fred said, you know,
00:14:44.320going around acting like the sky is falling. That's one thing. But being gleeful and happy
00:14:50.340that the sky is falling, which is kind of the vibe that he gave, especially.
00:14:53.740kind of the vibe when where now i've seen him probably grin a little bit in some of these
00:15:00.940press conferences but has nothing to do with the actual recession it's always about the media
00:15:06.200trying to fight with him and make like ridiculous arguments to him and he kind of gets that like0.97
00:15:09.700you know like absurdist kind of look on his face of like experiencing the dumbest thing ever said0.94
00:15:15.520to him no the me these guys keep saying oh he seems gleeful it's almost like he's this it's0.60
00:15:22.140kind of like he's that he's not that like show me where he's actually doing that but again they're0.95
00:15:29.480just hoping if you're at home and watching this segment you're just dumb enough to assume that
00:15:33.760whatever they're saying there's a citation for it somewhere when there's none in question period
00:15:38.360not a great thing so is following falling that's one thing but being gleeful and happy that the
00:15:44.720sky is falling which is kind of the vibe that he gave especially in question period not a great
00:15:49.460thing so he said that a week ago today that the it was a full-blown recession i think he forgot to
00:15:55.780tell the labor market and if he's blaming the prime minister oh he forgot to tell the labor
00:16:00.340market that because because we're going great guns out there guys we just created 88 000 seasonal
00:16:05.300jobs and that's really the economic power of mark carney i i removed all the seasonal areas that the
00:16:10.820jobs were created in there has been 6 000 jobs made in non-seasonal sectors and with construction
00:16:16.260Let's even just assume that 5,000, 6,000 of those are going to be permanent, even though usually if they're all being added on in the month of May, it's because they're seasonal.
00:16:25.880So, okay, we've had 12,000 permanent year, like all year jobs have been created.
00:21:44.240are showing the liberals leading by six or seven or even the latest liaison poll in their british
00:21:49.040columbia sample actually shows the conservatives leading by two mainly because the ndp is chipping
00:21:53.560way at the liberals quite a bit liaison at the sorry legge at the same time was showing a plus
00:21:58.56028 liberal lead in in british columbia i'm sorry i think not but we keep using these polls to
00:22:06.360demonstrate an error of inevitability to the liberals oh you're watching at home you should
00:22:09.900better just vote for them because they're going to win anyways and also polyev's kind of he's kind
00:22:14.380of a terrible person when you think about it because we've had even the conservative on panel
00:22:18.380is saying that he's trying to convince you the sky's falling and and it's not even though he
00:22:23.160didn't do any of those things but well what do i know i'm not a hacky tv panelist mind we had a
00:22:29.420very very unpopular trudeau government yeah that was replaced by a new carny government and as a
00:22:35.780conservative we could sit here and say oh still liberal same old liberals same cabinet same staff
00:22:40.680canadians aren't looking at it that way they see carny as a new player because he wasn't involved
00:22:45.440in the trudeau era and why would some canadians still see them as a new government when we still
00:22:51.420When we have the legacy media giving us such objective coverage like this, it's acting as if because something has not stuck yet, that it means it's not worth doing.
00:23:01.480It is absolutely worth it for Piropolev to go after the liberals and point out how a lot of the things that they're doing don't work, and they're the same things that haven't been working for 11 years.
00:23:13.760Is that now a bad thing to do because some pollsters now show the liberals leaning massively?
00:23:18.960is it bad because some people believe the liberals if someone believes a lie are you
00:23:24.600supposed to adapt yourself to that lie and just start believing it yourself and agree with them
00:23:29.840and he's got a very different um approach than trudeau it is functioning very differently it's
00:23:35.960completely true look many have said this is and myself included this is very much like a pc
00:23:41.880government it's almost like the pcs are in government uh federally with cardi and how
00:23:45.740his approach and his whole mantra, his whole purpose, his whole narrative is to build and
00:23:51.160to get stuff done. Oh, wow. He says we should build and get stuff done. He's like an old
00:23:57.500progressive conservative like Brian Mulroney. That's why he has things like the clean fuel
00:24:02.900standard and his pipeline deal with Alberta effectively just says we're not building a
00:24:07.280pipeline because you're going to have to jump through these impossible hoops. What an old
00:24:13.240style Brian Mulroney kind of conservative what like a what like a John Diefenbaker kind of a
00:24:20.220conservative he's not I this drives me up a wall we keep looking at Carney's style the fact that
00:24:27.880he wears suits and he doesn't clown around like Justin Trudeau and we're like oh my goodness what
00:24:32.560a what a conservative he is no do you guys see what he actually does in his policies it's stimulus
00:24:40.660nonsense. It's subsidies. It's grants. It's all of this just government-driven growth. And it's
00:24:49.120not even growing the economy. Two months, sorry, two quarters straight of negative growth. When
00:24:55.540does the conservatism kick in? I, in fact, want the conservatives to be even more conservative.
00:25:01.460I don't want them to just run against the industrial carbon tax and have this capital
00:25:06.340gain scheme where if you sell some stocks, but you reinvest it in Canadian businesses that you
00:25:12.540basically don't get taxed, just run on an across the board tax cut. Keep it simple, sweetie. 20%
00:25:19.820across the board tax cut, including a point off the GST. And yeah, you can eliminate the
00:25:25.220industrial carbon tax too. Go for it. The more the merrier. I think that the conservatives should
00:25:30.260be more conservative. But to argue that the liberals are conservative under Mark Carney
00:25:35.360is absurd and it's just fred delori again trying to propagandize like ontario pc voters into voting
00:25:42.320for the liberals basically telling people who aren't paying that much attention oh if you're
00:25:47.360an old pc voter from the 80s you you're comfortable with carney i'm telling you you should vote for
00:25:52.560them you'll be you'll do it'll be great the whole thing is just so blatant in the propaganda it's
00:26:00.960not a balanced show the the hosts are liberal all the panelists are liberal what's and we get to pay
00:26:08.000for this as taxpayers and i cannot stand people just looking at this seasonal job bump and just
00:26:16.080acting completely credulous that oh my goodness mark carney did all this like every time now that1.00
00:26:23.040the conservatives bring up the recession we're just going to have both idiots in the liberal1.00
00:26:27.200party and idiots online just going well you didn't see that 80 000 jobs 88 000 jobs were created in1.00
00:26:34.880the month of may the conservatives are talking down the canadian economy while mark carney is0.99
00:26:40.000creating jobs he's creating jobs people people have never thought of selling hot dogs outside
00:26:47.280in the summer until mark carney came around we never thought of going on trips and and building
00:26:53.200decks during the summer until Mark Carney came around. He led us into this. He convinced us it
00:26:58.080was a great idea to employ people in seasonal work in the summer. I hope that the Conservative
00:27:05.120Party releases ads and videos and graphics explaining that this happens pretty much every
00:27:10.180year. Have we had Mays where we had jobs go down? Sure. It was usually in really bad years of COVID
00:27:16.140or like right when the right when the first tariff threats hit. But that was it. Typically,
00:27:22.760back in the Harper era in the early 2010s, you would have 50,000 jobs created in the month of
00:27:28.760May. And that was back when we have a far lower population, like 36,000, 37,000, sorry, 36,000,
00:27:35.34037 million people instead of 40 million. We were growing at 50,000. And that was without FIFA.
00:27:41.460If you add a FIFA on it, it's effectively the same numbers we have now.
00:27:45.220And those were usually good job numbers in May after Harper had good job numbers for the entirety of the year up to that point.
00:27:55.340It was positive all the way through, and then May he got an even bigger bump.
00:27:59.860Carney has been going down, down, a little bit up, down, down, and then he gets a big one partly based on a recovery and mostly just on seasonal jobs.
00:28:07.940And we act like he's some sort of financial wizard.0.91