The National Telegraph - Wyatt Claypool - February 21, 2025


Carney think Canadians are REALLY stupid, look at his new slogan!


Episode Stats

Length

8 minutes

Words per Minute

152.84067

Word Count

1,294

Sentence Count

69

Misogynist Sentences

1

Hate Speech Sentences

1


Summary

Mark Carney has a new campaign slogan, and it's actually quite simple: spend less, invest more. But it's a contradiction, which is exactly what every other politician has meant for the past 1,000 years. And it's bad for the Liberal Party of Canada.


Transcript

00:00:00.000 So Mark Carney has rolled out a new leadership campaign slogan, and I'm just going to be very straightforward about it.
00:00:07.760 You would have to be extremely dumb to actually buy into his shtick here.
00:00:13.780 He is running on a literal contradiction.
00:00:17.840 This is his new slogan.
00:00:20.040 Spend less, invest more.
00:00:23.320 While I agree that that is a good personal finance tip,
00:00:27.400 when you're running for government, that's not how it works.
00:00:32.200 Because governments are not supposed to invest money.
00:00:36.260 What he means by invest is what every other politician has meant by invest in the past 1,000 years.
00:00:44.340 It means spending taxpayer money on things the politician already wanted to do.
00:00:51.020 That is literally all this actually means.
00:00:54.180 Again, I don't know how anyone would fall for this and thinking,
00:00:59.220 wow, that guy is really fiscally conservative.
00:01:02.280 He's demonstrating that he wants to keep a steady hand on Canada's spending.
00:01:08.800 No, he's literally saying the exact opposite with that.
00:01:12.780 That he wants to save more, quote-unquote, by spending more of your money.
00:01:20.540 That is literally as deep as it goes.
00:01:22.540 Here is Mark Carney explaining.
00:01:24.700 It was just over a month ago that I entered the race for the liberal leadership.
00:01:29.580 And I did it because I felt that we needed to make big changes to get our economy back on track
00:01:36.140 and to build the strongest economy in the G7.
00:01:39.760 I thought we already had the strongest economy in the G7.
00:01:43.060 This is literally what he and the liberal government was saying for the past couple of years now.
00:01:48.320 Well, we have the fastest growth in the G7.
00:01:52.120 And that was all on the back of mass immigration.
00:01:54.540 So it wasn't shocking that we were growing.
00:01:56.840 We were literally growing the population extremely quickly,
00:02:00.540 which is impossible not to grow the GDP at the same time with.
00:02:04.880 But I'll let him finish here.
00:02:06.400 He was advising Trudeau and Freeland on fiscal policy.
00:02:28.720 So I don't know why they weren't doing this before if he was the one calling all the shots.
00:02:32.060 We manage government spending.
00:02:34.340 And the essence of this is to spend less and invest more.
00:02:40.360 That means reining in government spending so that Canada can invest more as a country.
00:02:46.700 No, unless he is proposing massive tax cuts, that's not actually what he means.
00:02:54.640 Because he never says individuals being able to invest more in themselves,
00:02:59.640 giving businesses their money back so they can grow,
00:03:03.160 giving individuals back so they can literally go and invest their own money.
00:03:06.920 No, he is talking about how we need to spend less,
00:03:11.400 which I don't even know what he means by that considering the contradiction.
00:03:14.140 Maybe that, you know, we need to roll back some of the unnecessary programs
00:03:21.220 because he's going to jam money into more infrastructure projects,
00:03:26.600 more random garbage that the government is going to do far less efficiently than the private sector.
00:03:33.520 I know this is what he means because where is his tax cut?
00:03:37.160 Where is he proposing a tax cut?
00:03:39.340 He's not.
00:03:39.940 But in fact, he's going along with the rest of the liberals
00:03:43.080 and trying to demonize Pierre Polyev as being some sort of stooge for millionaires and billionaires
00:03:49.100 and that he doesn't care about working class Canadians.
00:03:53.480 Carney has more in common with Jagmeet Singh than he does with Pierre Polyev.
00:03:58.680 But he's trying to hone in.
00:04:00.520 He's trying to kind of eat away at Pierre Polyev's territory
00:04:03.800 by using this fiscally conservative coded language.
00:04:09.260 Ooh, spend less.
00:04:10.700 Invest more.
00:04:11.920 But again, he means spend more money.
00:04:16.020 It's literally just meaning spend more money.
00:04:17.860 So you would have to be gormlessly stupid
00:04:19.600 to actually think that Mark Carney is proposing any changes.
00:04:22.940 I have said this before.
00:04:23.960 At the English language debates,
00:04:26.980 because less people will be watching in French
00:04:29.320 and it's complicated,
00:04:31.540 but a French debate tends to have a different strategy to it
00:04:34.500 because just Quebec as a political space is very different
00:04:38.140 than the rest of Anglo-Canada.
00:04:40.900 But anyways, in the English debate for the Liberal Party leadership
00:04:44.020 to replace Justin Trudeau,
00:04:46.360 Chrystia Freeland or Ruby Dalla,
00:04:48.740 either one of them,
00:04:49.740 but the script is a little bit different depending on who does it,
00:04:52.240 they need to call out Mark Carney.
00:04:54.820 And again, I'm a conservative,
00:04:56.120 so technically this is bad for the Liberal Party to do
00:04:58.560 because Mark Carney is supposedly their star candidate.
00:05:01.980 But Chrystia Freeland or Ruby should basically say,
00:05:05.200 you owe me or Chrystia an apology
00:05:08.300 because you've been telling Justin Trudeau and myself
00:05:11.620 what to do every step of the way now.
00:05:14.220 It all failed.
00:05:15.460 And then you threw Chrystia Freeland under the bus
00:05:18.980 for your own policies failing
00:05:20.920 that she tried to implement in the best way possible,
00:05:24.140 and now you're the change maker?
00:05:26.400 If anything, this guy is the most weaselly type
00:05:30.220 in corporate Canada and America.
00:05:34.920 The type of guy who basically pushes off
00:05:37.500 every bad decision he has onto somebody else
00:05:40.120 because he is in a more powerful position.
00:05:42.820 He never took any responsibility
00:05:46.040 for the inflationary issues that the UK had
00:05:49.300 after he was the governor of the Bank of England.
00:05:52.120 He pretends like he was the secret sauce
00:05:54.560 that made the 2008 market crash not so bad in Canada
00:05:57.900 when that was all Harper and Flaherty telling him what to do
00:06:01.000 and he just implemented what they wanted.
00:06:03.620 And then he never actually owns the fact
00:06:06.440 that he was stated as being Trudeau's financial advisor
00:06:12.300 and we had some of the worst inflation we've ever had
00:06:16.340 when he was advising.
00:06:18.040 He is a Keynesian economist at heart.
00:06:21.220 He believes that if the economy isn't working,
00:06:24.540 we just need to inject more money into it.
00:06:27.420 That is what he means by invest,
00:06:29.300 is injecting more money and creating artificial demand,
00:06:32.500 not lowering taxes and allowing more supply of goods to exist,
00:06:37.580 allowing the economy to expand
00:06:39.380 and ergo be able to drive more demand
00:06:43.000 because there is more supply to ask for.
00:06:46.220 No, we are going to simply just create
00:06:48.960 shovel-ready jobs and whatnot,
00:06:51.040 stimulus ideas that when implemented in the US
00:06:54.240 by Barack Obama,
00:06:55.760 cause the economy to go absolutely nowhere
00:06:58.180 because an economy is not built
00:07:00.680 by literally building bridges to nowhere.
00:07:03.840 You cannot build random infrastructure projects
00:07:06.920 and hope that that is going to mean
00:07:09.040 your economy stabilizes
00:07:10.440 because it's not something that increases productivity.
00:07:13.980 If you want your economy
00:07:15.640 to actually have more value in it,
00:07:18.060 you need to take more things out of the ground
00:07:20.000 or you need to build more stuff.
00:07:22.380 You can't invest in education
00:07:24.000 or invest in healthcare
00:07:25.740 or any of these other things
00:07:27.700 and actually hope to be a more productive country
00:07:30.200 because those are frills you get
00:07:32.520 when you're doing other things
00:07:34.000 like growing stuff or mining stuff
00:07:35.780 or extracting oil
00:07:36.900 or refining stuff or manufacturing.
00:07:39.400 If you're doing one of those things,
00:07:40.840 then the pie actually increases in size.
00:07:43.700 Everything that Mark Carney wants to do
00:07:45.760 is about taking the pie
00:07:47.500 that he assumes isn't going to grow any bigger
00:07:49.480 because he's a Keynesian socialist
00:07:51.480 and he's going to simply cut it up more
00:07:54.600 and try and redistribute the gains
00:07:56.640 to pretend we're all better off.
00:07:58.260 That is literally the game Mark Carney is playing
00:08:00.880 and like I stated before,
00:08:02.740 if you fall for this,
00:08:04.000 you're extremely stupid.
00:08:05.640 He is basically just telling you
00:08:07.340 he's going to do what Trudeau was already doing
00:08:10.320 but more.
00:08:11.720 He's going to do it more
00:08:12.820 and he's going to use red meat
00:08:15.100 fiscal conservative language
00:08:16.680 while doing the complete opposite.
00:08:19.880 Anyways, that's it for me today, guys.
00:08:22.980 Like the video, subscribe to the channel,
00:08:24.760 leave a comment and I'll see you guys next time.