The National Telegraph - Wyatt Claypool - February 07, 2026


Carney's got NOTHING - Liberals suddenly panic as good news dries up!


Episode Stats

Length

25 minutes

Words per Minute

180.41078

Word Count

4,673

Sentence Count

277

Misogynist Sentences

3

Hate Speech Sentences

1


Summary

Sometimes, when consuming the news, your mind can't help but connect stories that are seemingly completely disconnected from each other, there is something invisibly linking the two together. And that's how I've been feeling when seeing a bunch of negative news stories hitting Prime Minister Justin Trudeau and the Liberals in February, and then thinking back to what they were doing in January. I think the Liberals knew that terrible economic data was going to be hitting them in February and that's what motivated them to try and sign a trade deal with China, for Mark Carney to attack Donald Trump in his Davos speech, and for Justin Trudeau to roll out seemingly microwave policies in the form of a GST rebate and an EV subsidy.


Transcript

00:00:00.000 Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph YouTube channel.
00:00:06.320 Sometimes when consuming the news, your mind can't help but connect stories that are seemingly
00:00:12.400 completely disconnected from each other. There is something invisibly linking the two together,
00:00:18.600 and that's how I've been feeling when seeing a bunch of negative news stories hitting Prime
00:00:23.820 Minister Mark Carney and the Liberals, and then thinking back to what they were doing in January.
00:00:28.800 I think the Liberals knew a bunch of terrible economic data was going to be hitting them in
00:00:34.640 February, and that's what motivated them to try and sign a trade deal with China, for Mark Carney to
00:00:41.580 attack Donald Trump in his World Economic Forum speech in Davos, and for Carney to roll out
00:00:47.680 seemingly microwave Justin Trudeau policies in the form of his GST rebate and his EV subsidy.
00:00:54.740 Yes, the Liberals are kind of walking back their EV mandate, but the subsidy is just as bad because
00:01:01.780 it is skewing the market towards a type of vehicle that people would not purchase otherwise, but really
00:01:07.700 what is motivating Carney is that, well, he knew he was going to have to sign this China deal to make
00:01:13.500 up for the fact that he's not getting an American deal signed, but in order to get the China deal signed,
00:01:18.700 he needed to let a bunch of Chinese EVs into Canada, and so he's going to now subsidize EVs in Canada
00:01:24.820 in order so that people just buy more of them in general before the Chinese ones show up.
00:01:30.720 Except, actually, when you look at his EV subsidy policy, there is only apparently one Canadian-made EV
00:01:37.880 that the subsidy actually applies to.
00:01:40.480 So it's a consumer-side subsidy where if you buy an EV as a consumer, you can get up to $5,000 back on
00:01:48.600 your taxes. But then, again, the Liberals, with all the criterias regulating which cars this applies
00:01:55.120 to and which ones it doesn't, they overlooked the fact that there was only one that it actually applied
00:02:00.460 to in Canada. But I don't need to go down that rabbit hole in this video. I just wanted to take you
00:02:05.800 guys through a few news stories and talk about how Mark Carney and the Liberals have been obviously
00:02:11.260 scrambling knowing they were about to hit a brick wall. Now, that doesn't mean they're going to lose
00:02:16.360 the next election if one is called. It's anyone's game. But at the same time, I thought the Liberals
00:02:21.900 were, like, gaining a lot of momentum in January, and now seeing all the bad economic data hit,
00:02:27.780 it feels like they were trying to artificially gain some momentum so that when they hit the wall,
00:02:32.740 at least they had a little bit of a track record to point back to and say, well, we had a good January
00:02:38.080 and February's a bit rough, but don't worry. March is going to be our month. Anyways, but before I go
00:02:44.140 any further, I just want to quickly remind you guys that if you like the channel, make sure to leave a
00:02:48.840 like on this video, subscribe if you are not yet a subscriber, leave a comment about what you think,
00:02:54.640 and of course, hit the join button below the video if you ever want to make a monthly contribution
00:02:59.200 to make the channel more sustainable for me and to also make me less reliant on the YouTube algorithm
00:03:05.340 for revenue. Anyways, let's start off with this story because, again, this feels very connected
00:03:12.340 to the desperation of the Liberals to get a bunch of stuff done in January, which typically is actually
00:03:17.620 a pretty slow month for government in general. Here is a headline from the National Post.
00:03:22.720 In total, the federal government has now accumulated $1.27 trillion in debt, almost half of which has
00:03:30.220 been added over the last five years. Now, the last five-year part isn't just horrifying because,
00:03:37.160 oh my goodness, we accumulated over $500 billion in debt in just five years as a country of only 41
00:03:44.940 million people, although a bunch of those are TFWs. Let's not get into that. But it's also horrifying
00:03:50.600 because remember who was the economic advisor to Justin Trudeau for the vast majority of that time?
00:03:57.540 You're right. It was Mark Carney. Like, we let this guy be prime minister? Why? What possessed us
00:04:06.000 to make this guy prime minister thinking, oh, well, he's a Goldman Sachs man and he's going to do a good
00:04:11.120 job for business? He was the chair of Brookfield. He was the governor of the Bank of Canada in England.
00:04:15.000 Okay, but we already saw how he performs and it wasn't very good, to put it mildly. But whatever,
00:04:23.180 he's going to throw a bunch of money into the economy and this is apparently economic guru stuff
00:04:27.620 and eventually we're all going to be, you know, rich and we'll live in crypto communism or whatever
00:04:32.840 because of the economic genius of Mark Carney. We'll all live in luxury champagne communism
00:04:39.340 because he subsidized the economy enough by just burning our... Basically, subsidies are effectively
00:04:47.160 the equivalent of just lighting money on fire to warm yourself through the winter. It's not very
00:04:51.920 effective. And this is why we also have... This is, again, another story that feels seemingly connected
00:04:58.740 to the current state of liberal politics in the country. And it's not just for the federal liberals,
00:05:04.200 it's also for provincial liberals like New Brunswick Premier Susan Holt, who's announced
00:05:09.700 that she is no longer going to be on X. There's been a lot of governments taking action against
00:05:15.100 X or Twitter, whatever you want to call it. Some of them banning it on a national level
00:05:19.200 for people of a certain age. You're abandoning the platform in New Brunswick. Why did you make
00:05:23.680 that decision? Well, it's something that we've been thinking about doing for quite some time
00:05:30.380 because we've just seen the... It used to be a forum for more dialogue and we used to see better
00:05:38.360 engagement and back and forth with New Brunswickers on the platform. But that doesn't seem to be the
00:05:44.200 case anymore. And then... What changed? Like, I'm sorry, but I've noticed certain trends in terms of
00:05:51.160 engagement over time on platforms like X. But what's significantly changed to justify her pulling
00:05:57.160 the entire New Brunswick government off of X? Our child and youth advocate also made the
00:06:02.480 recommendation that government be off the platform. So that was another straw on the pile,
00:06:09.000 as they say. And look, we want to go where the conversations are vibrant and diverse. We want
00:06:16.660 to go where New Brunswickers are. And that's not Twitter. Well, Susan Holt's going to go where the
00:06:23.480 conversations are there, which means that I'm going to go lock myself in an echo chamber where
00:06:28.560 the real conversations are. It's like, what are you talking about? X is pretty diverse. In fact,
00:06:34.740 X is kind of an anti-echo chamber. Yeah, you can still fall into echo chambers based on your algorithm
00:06:40.380 a bit. But it's not like... And I like Facebook, but it's not like Facebook where it's pretty much
00:06:45.140 the people who like to follow your page, who are engaging in everything. It's not like Blue Sky,
00:06:50.320 which apparently she's still on Blue Sky, an entire platform for Redditors who wanted to take
00:06:56.660 a break from Reddit, hyper-progressive, far-left Antifa people, and child predators. That's Blue
00:07:02.200 Sky. Apparently, Blue Sky's good stuff for the New Brunswick government, but not X. And really,
00:07:08.020 let's be clear what motivates her as I bring up other liberals who are leaving the platform.
00:07:12.300 Um, they don't like pushback. They don't want their people seeing how bad their economic
00:07:19.460 performances, seeing how bad they are in government. Because if you're on X, it's hard to avoid. On
00:07:24.200 Facebook, it's easier to control. You can delete other people's comments on your page. You can turn
00:07:29.360 off comments and have no way for people to get back at you. Even Mark Gerritsen here, the liberal,
00:07:34.940 one of the liberal house leaders, deputy house leaders, I believe. Even you can still quote tweet him
00:07:40.320 to make fun of him unless he's blocked you. But even then, you can just take a screenshot of it
00:07:44.000 and repost it. And some of the, his own followers will conceivably come across it at some point.
00:07:49.920 But people like Mark Gerritsen, who here says, hey, y'all, really don't post much here anymore.
00:07:55.100 Nor do I look at my DMs. Come find me on other socials until we meet again. It's like, um,
00:08:01.400 what was so wrong with X? And some people are like, oh, well, there's some AI stuff and it was
00:08:06.280 inappropriate. And by the way, I agree. I find that there is some inappropriate stuff on X.
00:08:11.340 There's inappropriate stuff on all the platforms, especially flipping blue sky, which apparently is
00:08:16.840 still okay to all these people, but they need an echo chamber because they need their people
00:08:21.320 disconnected from reality. Go and huddle into blue sky and Facebook and Instagram and TikTok and stay
00:08:28.560 away from the scary conservatives who are posting the fact that we lost 247,000 private sector jobs
00:08:34.820 in the, in December and January, uh, 2025 and 2026. Okay. Um, I guess that's a strategy. Like,
00:08:43.880 I don't think it's really going to isolate people that much. I think eventually people will find out
00:08:47.900 the truth. Uh, and to, to put a little bit of a qualifier on that 247,000 number that is true.
00:08:54.460 To be fair, it does include a lot of seasonal workers who are naturally hired in October and
00:08:59.480 removed in January. And that's just part of the deal. But I think the, the deeper data showed
00:09:04.180 50,000 permanent jobs were lost in that same time period, jobs that were not supposed to be seasonal.
00:09:11.320 We lost 50,000, 23 or 28,000 of which were manufacturing jobs. Why else do you think
00:09:18.020 they're suddenly leaving? Why else do you suddenly think they don't want engagement
00:09:21.420 on the platform? And it wasn't just him. It was in fact, even David Cochran,
00:09:27.880 as the pleb reporter here has posted. David Cochran, CBC power and politics host,
00:09:34.140 David Cochran announces he's leaving X. Are you sad to see him go? So David Cochran here says,
00:09:40.140 this account will no longer be monitored or active. DMs will no longer be checked. I've tried to
00:09:46.000 deactivate, but X makes that difficult. And I don't want to impose an imposter to steal the username,
00:09:51.240 but I'm abandoning this platform entirely. Thank you for your attention to this matter.
00:09:55.180 It really demonstrates the brainpower there of David Cochran that he can't figure out how to
00:10:00.320 deactivate an X account. So either you can't already, it's super easy. It's like extremely
00:10:06.640 easy to actually deactivate an X account. And even if he doesn't know how to do it,
00:10:11.320 this also means that David Cochran might also not know how to use, I don't know, like Google,
00:10:18.040 literally any search engine could tell him. You could ask a friend, you could ask his grandmother,
00:10:22.220 and she could probably tell him how to do it. She might not even use technology and she can tell
00:10:27.100 him how to do it because it's pretty obvious. Go into your account settings, dude. It's right there.
00:10:32.200 And I think we're probably going to see a lot of people on the left keep following suit. But isn't
00:10:35.900 it interesting that the seemingly neutral CBC host, David Cochran, is following suit with all the
00:10:42.440 liberal politicians? It's almost like he's effectively a liberal politician on TV. And if he was honest
00:10:48.560 about that, I wouldn't care. But he's not. He pretends like he's neutral. But with all the
00:10:53.720 information about the debt, with the job market crash, with the fumbled EV subsidy, and a lot of
00:10:59.900 other things that aren't working out so well for the Carney liberals, like Jamil Giovanni eating their
00:11:04.800 lunch by going down to the US to negotiate with the Trump administration on their behalf, which Carney
00:11:09.580 is not happy with because either Jamil Giovanni succeeds and it makes Carney look like a complete idiot
00:11:16.080 that a junior conservative MP had to save him from himself. Or Carney undermines Jamil, makes sure
00:11:22.400 the negotiations that Jamil is engaging in don't work, which just exposes the fact to a lot of
00:11:27.420 business liberals who actually do want a deal signed with the United States, that he was probably never
00:11:32.780 actually interested in getting a deal signed in the first place. And this was all theater. He promised
00:11:37.800 he could get a deal in the last election. But when he didn't get a majority, he realized, well, I can't get a
00:11:43.240 deal quite yet, because then people, you know, I'll lose all my anti American voters because they
00:11:48.240 want me to be mean to the Americans. And so he's basically been fumbling the ball and trying to
00:11:52.780 pick fights with the US, which is explains his Davos speech, because he needs Canadians, especially his
00:11:58.220 liberal base to be completely disconnected from the realities of the world by being mad at Trump for
00:12:03.600 the meantime. But now the liberals are just attacking the conservatives again, with very
00:12:09.400 Justin Trudeau style liberal ads, the whole like, they've said mean things about Canada. They've said
00:12:16.340 something that didn't sound quite patriotic enough. It's like, okay, okay, well, maybe that's true.
00:12:21.740 Maybe that's true. Who cares? And also, how does this not make how does this make the economy not suck?
00:12:30.400 The conservative message is very positive. It's very uplifting. We're going to restore the hope of our
00:12:34.520 country. Everything is broken in Canada. You're not changing the subject. I know you want to change
00:12:39.380 the subject. It's not the Americans fault. It's our fault. We're stupid. We have basically a liberal
00:12:45.720 heckler who snuck in here today. What are you talking about? What page? What page? Can you give me
00:12:49.700 the page? Give me the page. So what do you say that Carolyn Bennett should be shuffled out of her
00:12:54.560 job? Let's shuffle her out too. Absolutely.
00:13:01.320 I went too far in saying the prime minister, former prime minister should be in jail.
00:13:05.680 The conservative message is very positive. It's very uplifting.
00:13:08.400 I don't really see how this is even bad. Like, yeah, the conservatives are running on a positive
00:13:15.640 platform at pretty much every party runs on a positive platform. Like, oh my goodness,
00:13:18.960 he said the stuff that's negative. Okay. But this is a liberal pitch. And this is already going up like
00:13:26.700 a lead balloon because it's been discovered how just like poorly put together the entire EV mandate was.
00:13:32.260 But this is Carney throwing more cash to the crowd of people in order to hope that they all stick
00:13:38.300 around and keep voting for him. Despite the fact that he promised to be an economic guru and he is
00:13:42.860 just repeating the same bad policies he advised Justin Trudeau to use.
00:13:46.260 That's why our government is launching a new $2.3 billion electric vehicle affordability program.
00:13:54.000 Canadians who purchase or lease a battery electric or fuel cell electric vehicle will receive up to $5,000
00:14:01.120 and up to $2,500 for plug-in hybrids priced up to $50,000.
00:14:08.360 To support the Canadian auto industry, this $50,000 cap will not apply to Canadian-made EVs or Canadian-made plug-in hybrids.
00:14:17.680 And those incentives will only apply to vehicles produced in countries with whom Canada has a free trade agreement.
00:14:24.900 Okay, well, I've just been doing this on my calculator.
00:14:31.060 So since we have that $78 billion deficit, we have added $2.5 billion for Ukraine, $3.8 billion for the first year of the rebate for the GST,
00:14:42.700 which I think it kind of mostly is front-loaded a little bit and then it goes down the next year.
00:14:47.500 But then we just added another $2.3 billion.
00:14:50.580 So we've added another $8.6 billion on top of the $78 billion deficit.
00:14:56.380 So we're up to $86.6 billion so far.
00:15:00.080 And again, this was not something that was already in the budget.
00:15:03.100 This is something that they had to add in order to make Doug Ford happy because he's let in $49,000 as a starting point.
00:15:11.140 It could be more, way more in the future.
00:15:13.820 But at a starting point, 49,000 Chinese-made EVs into the country.
00:15:19.300 And he's just like, no, guys, don't worry.
00:15:21.400 These subsidies are only going to apply to EVs that are purchased from countries that Canada has a trade deal with.
00:15:28.800 So it basically means non-US ones.
00:15:31.220 Although actually it does because as it was pointed out, this actually still applies to them because of the poor way that they switched,
00:15:38.320 that they actually created this whole thing.
00:15:40.140 I think that it's honestly like the conservative, this is actually, I'm actually going to show you guys this as an example of a conservative ad I don't love.
00:15:47.880 But the conservatives at least have better marketing at this point than the liberals because the liberals,
00:15:52.140 all they have is throwing money out to the crowd and then saying, well, conservatives are mean.
00:15:56.320 Conservatives are mean.
00:15:57.780 The impact of the fuel charge, which exempts diesel, which exempts gasoline.
00:16:03.020 The only reason I don't like that ad and I'm criticizing it is I think the conservatives need a little bit more,
00:16:16.200 they probably need a voiceover for that one because I think that one will go over the heads of a lot of people
00:16:20.120 who aren't going to like actually like sit there for like the full 17 seconds,
00:16:25.240 really paying attention and understanding what's being said there.
00:16:28.500 But here is a pure poly of reacting to the new EV subsidy that the liberals have passed.
00:16:35.500 Under this liberal government and under that particular minister, auto production has fallen by half.
00:16:42.620 The prime minister was elected promising that he would protect the auto industry and get a deal with the U.S. by July 21st.
00:16:48.440 He broke both of those promises and since there have been job losses at Cammie Ingersoll, GM Oshawa, Stellantis Brampton and FACA au Québec.
00:16:57.660 Mr. Speaker, today he finally flip-flopped on his cherished EV mandate,
00:17:01.920 but is bringing in a new subsidy for people to buy American-made automobiles.
00:17:06.860 Why is he forcing Canadian workers to pay taxes to subsidize American vehicles?
00:17:11.440 Yeah, and so apparently the whole thing was set up so poorly as long as like a little bit of work was done on a car made in Canada.
00:17:19.780 You can buy an American, mostly American-made EV with the big subsidy.
00:17:23.780 And by the way, we shouldn't really be doing this with the subsidies.
00:17:27.260 We shouldn't be just trying to prop up our economy by throwing money at it.
00:17:30.860 We should be cutting taxes.
00:17:32.580 But here is Michael Barrett also going after the new EV subsidy.
00:17:36.280 President Trump slapped unjustified tariffs on Canadian autos and thousands of Ontarians were put out of work as a result.
00:17:45.740 Canadians need a plan that supports Canadian manufacturing and Canadian jobs.
00:17:50.620 Only one Canadian vehicle qualifies for the Liberal EV subsidy and that doesn't meet the moment.
00:17:56.740 Will the government work with Conservatives, adopt our plan, and take the tax off Canadian-made autos to support Canadian auto manufacturing?
00:18:08.200 I do like what Michael Barrett did there because he also gave a very specific policy solution.
00:18:14.180 He's not just saying, why are you hurting the Canadian auto industry?
00:18:17.200 He's saying, how about we just remove taxes on our own one rather than subsidizing the purchase of just EVs in general?
00:18:22.880 I think what the Liberals are doing is they're trying to service their kind of upper-middle-class GTA base, their upper-middle-class Montreal base,
00:18:32.700 people in these big liberal voting areas where he wants to basically keep the people who are living in the swing district suburbs happy
00:18:41.220 by basically allowing them to buy any EV they want while pretending like they're supporting Canada in some way.
00:18:46.680 They're really just buying American or Chinese or European-made EVs, but these people like the government handout,
00:18:55.080 and then they want to do it under the guise of being patriotic.
00:18:58.520 And by Michael Barrett giving the actual policy solution of, how about you just remove taxes on Canadian-manufactured cars?
00:19:05.360 Wouldn't that be better?
00:19:06.420 Well, they don't want to do that because the thing is that it would reduce the amount of luxury options certain Liberal voters get to pick from,
00:19:13.560 and they don't want to actually sacrifice for Canada.
00:19:16.800 They want to buy whatever car they want and then pretend they're being patriotic.
00:19:19.780 And by the way, you should be able to buy whatever car you want.
00:19:22.260 I'm not a socialist.
00:19:23.480 I think we should have as free a market as possible.
00:19:26.720 But again, the Liberals want it kind of both ways.
00:19:29.820 The idea that they're only buying Canadian at the same time,
00:19:32.480 they got all the choice of buying international at the same time and being subsidized for it.
00:19:37.560 Madam Speaker, Canadians understand that we're facing an unprecedented time.
00:19:43.100 It's a rupture when we're facing unjustified tariffs from the United States, which the Conservatives never talk about.
00:19:50.880 He literally just said it.
00:19:52.700 He literally just said it at the start of his statement.
00:19:57.880 He said unjustified tariffs.
00:20:00.760 Even that is probably a bit of an overstatement.
00:20:02.600 I think that the tariffs are somewhat unjustified, somewhat justified, really depends on where you're looking at them from.
00:20:08.820 Because again, if you had dairy and poultry and other sorts of tariffs on your economy from Canada and you're an American,
00:20:19.260 you might try and do something to try and get them removed.
00:20:21.800 Now, I think that the Trump administration response, even though I like a lot of Trump policies,
00:20:26.220 the trade policy has probably been the worst aspect of it.
00:20:28.840 It's been really overwrought, really untargeted.
00:20:31.540 But again, this liberal MP just defaults to being like, you guys won't call it out.
00:20:35.820 It's like he literally just called it out.
00:20:37.760 I know you want to label them like the mega conservatives.
00:20:41.540 It's just not going to work.
00:20:43.180 We understand the impact on our workers.
00:20:45.280 In fact, the auto strategy announced yesterday included supports for our auto workers,
00:20:49.740 including things like work sharing, because we understand their needs and we are there by their side.
00:20:54.100 But we are not only there for this tough time.
00:20:55.960 We are there to build for the future, to make sure they have the jobs of the future.
00:20:59.980 We are going to keep working for a strong auto industry.
00:21:02.480 Why won't they?
00:21:03.860 Let me say it a little louder.
00:21:08.380 For the minister, we're talking about unjustified tariffs coming from the Trump administration.
00:21:13.660 So we're talking about it.
00:21:14.700 What we want from the minister and from this government is a plan that actually supports Canadian auto manufacturing.
00:21:21.140 Look, your plan is all their plan, Madam Speaker, is is only going to help with one Canadian production line.
00:21:29.180 We want to take the tax off all Canadian made autos.
00:21:32.680 Why do they want to subsidize President Trump's manufacturing strategy instead of supporting the hardworking men and women in Ontario's manufacturing?
00:21:40.920 We don't have the second part of the clip there.
00:21:43.340 Mark Nixon didn't elect to include it.
00:21:45.060 And having watched QP myself, I assume Mark just cut it off at that point because the response would not have been better.
00:21:53.620 It would have probably just been on repeat.
00:21:55.140 Of course, Mr. Speaker, we're trying to we're helping Canadian autos and we're doing it.
00:22:01.300 Of course, like we like we oppose Trump's unjustified tariffs.
00:22:06.100 And of course, the conservatives don't.
00:22:08.380 And we're standing up for workers and they aren't or whatever.
00:22:10.700 And they'd sit back down.
00:22:11.560 But I just want to end this video with one more piece of news that, again, kind of, I think, demonstrates why Carney was flailing around so much in January, trying to get a bunch of stuff just jammed through.
00:22:23.400 Again, when I say that it was good news stories for him that he was trying to produce, that doesn't mean the actual policies were good.
00:22:29.260 It means it creates good temporary headlines before all of the actual pain sets in from the bad decision making.
00:22:35.980 But here is another bad story for the economy that is no doubt motivating the Carney liberals to just try and throw all this money out to the public and try and distract as much as possible from the real underlying economic data.
00:22:50.340 Pierre Polyev here, of course, the federal Conservative Party leader, says the Bank of Canada confirms what Canadians already know.
00:22:57.220 Carney's economy is flatlining.
00:22:59.060 Capital is fleeing and families are being crushed by the cost of living.
00:23:02.180 Liberals tell Canadians to lower their expectations.
00:23:04.680 We won't.
00:23:05.140 Conservatives will get government out of the way, get the economy growing again, and deliver an affordable life for people who work hard and play by the rules.
00:23:13.360 Canada can do better, and we will.
00:23:15.260 And then it comes with this graphic that says Bank of Canada GDP growth forecast in 2026.
00:23:20.120 The Canadian economy, creators under Mark Carney, showing we have grown in 2020, like the GDP growth forecast for 2026 is 1.1%.
00:23:30.380 I think in 2025, it grew like 1.3%, 1.7%, but it was still way under inflation.
00:23:36.380 And the American economy is forecasted to grow by 2.6%.
00:23:40.580 And that's not the American numbers against the Canadian numbers.
00:23:43.600 This is the Bank of Canada's forecasts themselves for both countries.
00:23:47.960 No doubt why.
00:23:48.980 And I know the Bank of Canada, the PBO are two different organizations, but there is no doubt in my mind that the liberals want to get rid of Jason Jocks as the PBO because they don't want an active PBO, parliamentary budget officer, who is going to go at them hard for their debt accumulation.
00:24:04.720 Because we are accumulating so much debt for so little growth.
00:24:09.300 It is the definition of stagflation.
00:24:11.820 They are increasing prices by spending way too much money from the governmental level.
00:24:16.580 At the same time, we are not growing pretty much at all.
00:24:20.740 If anything, we even had negative growth in the fourth quarter of 2025.
00:24:24.420 The economy shrank by 0.5%.
00:24:27.720 Now, we net grew in 2025, but this net growth was still not good enough to make up for the massive amount of inflation.
00:24:38.520 Now, you could say, well, inflation is only 2.7% or whatever it was.
00:24:41.600 I remember it was above 2.
00:24:43.360 But if we're not outpacing it, well, then we're not actually growing.
00:24:46.500 And in fact, we're losing money.
00:24:48.360 But anyways, with that all being said, thank you guys for watching the show today.
00:24:52.660 Like the video, subscribe, leave a comment, consider hitting the join button and becoming a member.
00:24:57.320 There isn't any special privileges.
00:24:59.300 It just, again, makes the channel more sustainable for me because I don't want to create a two-tiered channel.
00:25:04.580 Because I know there are people out there who can't afford to actually be able to contribute money per month.
00:25:09.300 And we're not trying to create like an elite club of people who get certain content, whereas everyone else doesn't get certain content.
00:25:16.720 And then the last thing I just want to quickly mention is that if you live in British Columbia,
00:25:21.180 there's going to be a bit of a tour going on with Dallas Brody and the 1BC party this next month.
00:25:26.980 So check out the events page on the 1BC website.
00:25:31.360 I'll have it linked in the description below and pinned at the top of the comments.
00:25:34.980 I won't be there for the Sorrento event or the Creston event.
00:25:38.700 I'm just too busy at the time and I'm preparing to go to Victoria for the legislative session.
00:25:43.340 But I will be there for the one in Vancouver, Nanaimo, and hopefully anyone's after that as well.
00:25:50.240 Anyways, with that all being said, thank you guys for watching and I'll see you guys next time.