Carney's surrender on trade has put Liberals on shaky ground!
Episode Stats
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Summary
Wyatt Claypool talks about the Canadian government's capitulation to the Trump administration on trade and the reaction from the House of Commons and the PM's attempt to get back on track with the President. He also takes a look at the parliamentary exchange between Prime Minister Mark Carney and Conservative Party Leader Pierre Polyvencic.
Transcript
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Hey guys, Wyatt Claypool here. Remember when Prime Minister Mark Carney was supposed to be a master
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negotiator? Hepbridge Farms remembers, and I remember too. Remember during the campaign,
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he made a big point of the fact that he's dealt with men like Donald Trump before?
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No, he has not. Not in any way. In fact, a lot of his business success, Mark Carney's,
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has been pretty much faked. Brookfield Asset Management is not a successful business because
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Mark Carney is a shark. It's successful because it feeds off of government subsidies, grants,
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and tax breaks. It does not actually invest in a lot of lucrative areas of the economy.
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It tends to invest in a lot of government-involved areas of the economy. But we have to talk about
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the reaction to the capitulation of the Liberal government to Trump's administration. We could
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have had a win-win come out of all of this. I've never wanted Canada to be weak. I've never wanted
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Canada to just give in on everything. But what I wanted Canada to do, and this is not what Carney
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and his trade lead, Dominic LeBlanc, were doing, is I wanted them to actually negotiate. We did not.
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We just looked weak the entire time. We put nothing on the table to offer to try and get to low tariffs.
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We threatened nothing. We just kind of farted around a lot, put in place a digital services tax and
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rescinded it. We tariffed a bunch of their USMCA-compliant goods and basically apologized and rescinded it like a
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month later. We've just been fooling around and maneuvering ourselves into a position where we
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were going to take a massive loss and give Trump a win. Again, could have been win-win. But in this
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video today, I want to go over some of the reactions to what's happened. Notably, the parliamentary
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exchange between Conservative Party leader Pierre Polyev and Mark Carney himself, who is completely
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unhinged. He starts yelling. He tries to take a counterpunch at Polyev. It is just not working
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because you can tell Carney knows he is entirely in the wrong and he's very uncomfortable.
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And then I also wanted to show a clip from CPAC where former Alberta Premier Jason Kenney,
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and although I know he messed up a lot on COVID, I always still kind of like him. He does a really
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good job of breaking down the fake win that the Liberals are trying to pull out of this situation.
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There's no win here. You cannot take a half W out of a full L. This is a full loss for them,
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and they should not be allowed to run away from it. This is also, by the way, going to do wonders
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for the NDP because as unhinged as the NDP are, well, they can now pick up the unhinged section of the
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Liberal Party who still wants to be elbows up and they think that Carney is betraying them.
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I haven't checked in on Laura Babcock yet. We should probably do some sort of wellness check for her.
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But I'm wondering if she's either justifying what Carney's doing or she's acting like he's now sold out
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the country because he's doing the exact same thing that she pretended that Polyev was going to do,
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except Polyev would have never done this. He would have actually tried to really negotiate because
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that's what he was actually saying, and it was realistic. If you propose doing something
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realistic, I tend to believe that you're going to do it. When you're promising something impossible
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like Carney was with his elbows up plans, you're not going to actually do it. Anyways, let's get into
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it right here, guys. I don't want to hold you up anymore other than say, please subscribe if you're
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not a subscriber. Watch this absolutely ridiculous exchange. I might play the entire thing before even
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pausing it. Just over an hour ago, a report came out that the U.S. Commerce Secretary said there will
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be no relief for Canadian-made automobiles going into the United States. The Prime Minister is back
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down on counter tariffs, back down on the DST, back down on defense. Yesterday promised to push a trillion
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dollars of private sector investment out of our country. How is he going to look those Canadian
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autoworkers in the eye and tell them how he got nothing for them in return?
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The one thing I do want to mention here is I also don't favor a protectionist approach to helping
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Canadian auto. All of this can be solved by lowering taxes. Lower taxes across the board by 20%
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slash regulations make Canada the best place on the planet to build vehicles, and all of our problems
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will be solved. I do hope that's the direction that Polyev takes the next conservative platform in,
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because I don't want protectionism. I want just lower taxes, less government.
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Mr. Speaker, Mr. Speaker, it is a sad day in this House when the Leader of the Opposition
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suggests that standing up for the defense of this country, when the Leader of the Opposition
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suggests that spending to defend our borders, that spending to defend our building in NATO,
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that that is backing down on defense. We will—shame, shame. Now, we have the lowest tariff on autos of—
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Mr. Speaker, come on, we can't even hear anything.
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He didn't even want to—the thing is, what, right there, Carney, they're acting like,
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oh, it's just too loud, I can't keep speaking. Like, you could just wait for them to quiet down
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the opposition and continue your statement. Carney is not continuing the statement because it was
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gobbledygook nonsense. Oh, I didn't back down on defense. The thing is that you increase—you
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committed to 4% defense spending, 4% or 5% defense spending, in order to try and get to a zero tariff
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deal. So we're spending it anyways, and we're committing to a trillion dollars of private investment
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into the United States, and we've gotten rid of the DST that they had, and we got rid of our
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counter tariffs. And, like, what's the benefit for us at all here? That's the problem, is I'm
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actually okay with increasing defense spending. But the liberals pitched their defense spending
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increase as a way of building up the relationship so that we could have a better trade deal. And they
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can keep saying, we have the best trade deal with the Americans on the planet. Big whoop, we are their
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literal northern neighbors with the biggest, like, with the biggest border with them. Obviously, we
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aren't going to have the sort of tariffs that, like, a Japan, China, Russia would have. We are obviously
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at a big advantage. That's why it's so pathetic that we couldn't get at least close to no tariffs,
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because we have a lot of leverage. We have a lot to offer. We have a lot of things to use as a threat,
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and we didn't do any of it. That's the problem we have. I know I promised to play the whole thing
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through, but now you're realizing this is why it and why it pauses stuff a lot.
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At least he finally got up, but he didn't address the question about auto workers.
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There are auto workers who are sitting at home right now who do not know how they're going to
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pay their mortgages. This prime minister looked them in the eye and said he was going to protect
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their jobs. And then he said he would put his elbows up. And then he said he would get a win by
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July 21st. Then he said that he would have a deal. There's been no deal. There's been no win.
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And now for these workers, there is no job. Today, we learned that he's backing down again on auto
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tariffs. Why is it that he's selling out our auto workers at a time when they need him most?
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And so that that's that's that was it. I don't think Carney even actually got back up to defend
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himself because the rules in the legislature, and this is what I actually know from working in
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Victoria for the one BC party. There are so many stories I'm going to tell you guys once I actually
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have a little bit more time to digest everything that's gone on. But you're actually not allowed
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to clip things out of context or remove someone's response. The fact that that was the exchange,
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the full exchange meant that Carney probably didn't get back up. It was just they probably just talked
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about something else or, you know, that that was it. It went to a different person to answer that
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question. And so the whole point is you're not allowed to take another member out of context.
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And the fact that there was no rest of this video because it was posted by Sarah Fisher,
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who has to follow the rules. If that's the case, it means that it was, you know,
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Carney didn't answer or very likely he didn't answer back on that one. And yeah, he's got nothing.
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Now we need to play this Jason Kenney clip. I thought he did a really good job of dismantling the
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idea that any of this could possibly be viewed as a win. It was on CPAC that Jason Kenney was on.
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Again, I know a lot of people really don't like him from COVID. I was an investigative reporter back
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then. I only did written content. I had to go after the Alberta government,
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Kenny, for a lot of stuff. I still at least think he's generally pretty good on policy
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outside of that. But here is Jason Kenney taking down the Liberals.
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Now, we heard conservatives in the House today repeatedly accuse the prime minister
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of failing when it comes to the Canada-US relationship and dealing with the Trump administration.
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Do you think that's a fair assessment of what we've been seeing unfold in Washington?
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Well, I don't think it's unfair given the prime minister's own commitments and standards. He said
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he was going to have a comprehensive deal with the United States within 90 days, and so far we have
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nothing. But Canada has given up, given up on various tariffs. Canada has given President Trump
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what he demanded in terms of its defense expenditures, repealing the digital services tax. So it has
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been, on the Canadian side, all give. On the US side, all take. That's not exactly the elbows up
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aggressive, assertive approach that the prime minister ran on. Now, maybe he's come to conclude that
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that approach simply wasn't going to work with the press. But I think he should be forthcoming to
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the Canadians about that. We did hear Canada-US Trade Minister Dominic LeBlanc say this afternoon
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that the talks were more detailed than before, that the leaders want the conversation to continue,
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and he was using terms like successful and positive and substantial progress and momentum.
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What do you think Canadians should take from that?
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Well, look, I like Minister LeBlanc very much, and I think he's capable of minister, but he's also a
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pretty good rhetorician. He's a good spinner, let's put it that way. And he, I don't see any progress,
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I don't see any momentum, but what I see is just a series of meetings of ministers
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treating the White House and those around it like it's some kind of an imperial port going down
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to Washington every other week and having more meetings and agreeing to have more meetings.
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But we still have these crippling tariffs on Canadian lumber, on Canadian aluminum and Canadian steel,
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on auto parts and many other sectors of our economy. We have this huge threat to NAFTA,
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and we continue to have a president who quote unquote jokes about taking over Canadian sovereignty.
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So that's where I would disagree with Jason Kenney. I genuinely they are jokes from
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from President Donald Trump because he knows how to how to press the buttons of liberals in Canada.
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I think that's more so Jason Kenney's probably playing up that angle because it was something that
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Mark Carney said he was going to shut down. He was going to make Trump respect us. And then he's in
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the Oval Office and he's laughing along with the whole merger 51st state jokes, too. It's like,
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frankly, you should laugh along with them. They are literally jokes. I had to look this up while
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Jason Kenney was talking. Yeah, so Laura Babcock is still delusional. She's still pretending like this
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was a big win. She retweeted this person who is responding to this, the Hill, to an article from the
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Hill Times that says, Carney's five million liberal leadership leadership war chest fueled by
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billionaires, bankers and Canada's wealthiest neighborhoods, basically saying that when he
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was running for leadership for the Liberal Party, it was it was not average donors. It was pretty much
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like, you know, the big, really wealthy postal codes that you would assume a lot of billionaires,
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all these other people. I don't really care about that. Hill Times can be a little bit more left
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wing. But I do like this person's response and how stupid it is that Laura Babcock retweeted this
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coffee time news says, Pierre Polyev has already expensed more than twice this that this year,
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733,000 a month x not at times nine months equals $6,597,000. He's on pace to expense 8.8 million
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dollars. Same as last year. It's like, okay, he is a federal leader. And that is his entire that is
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his entire, like his constituency spending, that is his entire opposition leaders spending. How much
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do you think that Carney has spent traveling around the world and meeting with world leaders? Tens of
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millions, no doubt. Obviously, he has. And do I begrudge him for that at all? No, it kind of comes with a
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job description of being a world leader that you spend a lot of money. It also happens to come
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with a job description as a opposition leader with a lot of seats that you're also going to spend a lot
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of money going around and talking about policy and traveling the country to be in the places where
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problems are happening. So you can have a press conference and speak out for it. You got to use your
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bully pulpit. And that does require a lot of travel spending, especially when you live in the second
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biggest country on the planet, Canada, you know, the place that we all live, where it's kind of
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expensive to get around from major destination to major destination. This ain't exactly Lichtenstein,
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people. But yeah. So that's really it for me today. I don't really know how Carney is going to,
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I don't know, even, I don't even know how, I don't know how his party would ever actually win the next
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election based on the record right now. Like, could they start just cranking out legislation that
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generally people like? Sure, it's got to be big to cover up the bad taste in people's mouths that
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they already have from all the flubs, from all the just rhetorical failures on stuff like this,
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elbows up stuff. They have just hurt themselves so badly at this point. They're going to be pushing
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voters to the Greens, to the NDP. They're going to be pushing auto workers and blue collar guys to
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the conservatives. I think that the Liberal Party will still have a formidable position in the polling,
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but I could see them locking themselves out of so many regions that maybe they pull at 40 percent
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or 38 percent or 37 percent. I'm assuming they're going down over time. But I think they're also
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going to have that 37 percent being more strongly concentrated in the metropolitan areas that they
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already win and the places that they're going to have significant losses. So if they will lose like
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four percent, I think that you're going to see more like 10, 12 percent losses in these more
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working class parts of the country, these parts of the country who actually were pretty close ridings
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and that people were giving the Liberals a chance because they're going to stand up to Trump.
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Well, now the only issue those people voted Liberal over is completely off the table. So what are they
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going to do now? We see every other pollster showing the threat of Trump and his administration
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as a top issue for Canadians is falling because Carney himself is signaling that it's obviously not the
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problem. It's not trumping his administration. It's him. It's his useless butt. He's not doing anything.
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Who doesn't know how to negotiate? Who is not actually lowering taxes in any significant way at all,
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not deregulating? He's the roadblock to Canada. He's the one who's actually a threat to Canada
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in terms of our economy. Anyways, well, that should be it for me today, guys.
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Thank you for watching. Like, share, and subscribe, and I'll see you guys all later.