The National Telegraph - Wyatt Claypool - March 07, 2025


Jagmeet Singh runs away from No Confidence vote he promised!


Episode Stats


Length

12 minutes

Words per minute

188.78795

Word count

2,272

Sentence count

122


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Jagmeet Singh announces he will not be voting no confidence in the Liberal government. He also says he won't call an election until Mark Carney calls one. I break down what this means for the future of the Trudeau government and what it means for Canada's economy.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.240 Hey guys, Wyatt Claypool here. So finally, federal NDP leader Jagmeet Singh has admitted that he is no longer voting no confidence in the liberal government because Jagmeet Singh's NDP is broke and he's probably not going to win re-election.
00:00:18.120 Yes, he now has his pension, that day has passed, but Jagmeet Singh is also a coward and doesn't want to face an election that he could potentially lose in, so he is going to be dragging this government out as long as humanly possible.
00:00:33.740 I know there are rumors out there that Mark Carney might want an election right away, but I think he even knows the polling isn't actually that good for the liberal party.
00:00:43.180 Nobody really knows who he is yet, which is bad for being a political leader, and he can't really run away from the fact that the fundamentals of Canada's economy, the crime in our country, the drugs, all of that stuff is bad and that will eventually catch up to him, no matter if it is Justin Trudeau's party or it is now Mark Carney's party.
00:01:05.420 I'm just assuming that Mark Carney is going to be winning the leadership on Sunday, you know, I think it's a fair assumption to be making considering how much Team Trudeau is behind him.
00:01:15.820 There's a chance he could lose, but at least I'm saying 90% shot Mark Carney wins, he might win by a large margin, might be super close, I don't know.
00:01:24.560 But I want to get into what Jagmeet Singh said specifically today at a press conference, but before I get into that guys, just a reminder, like this video, subscribe to the channel.
00:01:34.580 If you are not yet a subscriber and then leave a comment, what do you think Jagmeet Singh's game is here?
00:01:41.700 What do you think Mark Carney and the liberals are going to offer him to keep him on side?
00:01:46.820 Anyways, but without further ado, here is Jagmeet Singh speaking at a press conference and ask answering a question from a journalist asking him whether or not the no confidence vote is still on.
00:01:59.240 Hi, David Thurton from CBC News.
00:02:01.380 So am I understanding you correctly, a confidence vote is completely off the table until you get some sort of support for workers through?
00:02:10.840 Yeah, so I'll put it this way, to be very clear.
00:02:13.080 We believe at this time, with the urgency of what we're up against, the seriousness of the impact on our economy, on workers, the threat to workers' jobs, the increase in cost of living, that we want to see protections in place first and an election second.
00:02:28.320 We're going to have an election this year.
00:02:29.700 We're ready for that.
00:02:30.740 But we want to see supports for workers done first.
00:02:33.880 For us, this is a matter of putting workers first.
00:02:35.820 An election can come second.
00:02:36.820 So, yes, absolutely, we are ready to see supports passed in the House, put in place, working to support people who are hurt right now, and then we'll go to an election.
00:02:46.020 Notice what he said there.
00:02:47.280 It's not even that if Carney and the Liberals sign on to a commitment to pass this stuff and it happens that he will then call an election.
00:02:54.500 No, no, no.
00:02:55.280 It must be passed, implemented, and shown to be working before he will call an election.
00:03:01.360 The gears of government, if you are not yet aware, I doubt you aren't.
00:03:05.340 They move very slowly.
00:03:08.100 So Jagmeet Singh is basically saying, I'm not calling an election until Carney calls one, effectively.
00:03:14.240 And by the way, the definition of what the NDP means by supporting workers is so broad and bloated, I guarantee he will find 10,000 reasons for how whatever the Liberals do, it's still not good enough.
00:03:28.960 Because the rhetoric I've heard him use around the trade war and needing to support workers is that, well, we need to be giving support to all workers all the time.
00:03:40.400 They need more benefits no matter what industry they work in.
00:03:43.120 And even if it has nothing to do with what the Americans would be tariffing from Canada, it has nothing to do with industries that export into the U.S., he still wants them to also get upgraded benefits and other supports.
00:03:55.580 Even if you work in, like, the tourism industry in Banff and you're unionized, he wants you to have more, you know, protections as well.
00:04:03.160 And he's not doing this out of the kindness of his heart.
00:04:05.500 One, the government increasing artificially benefits to workers does not actually benefit people in general.
00:04:12.660 It benefits those workers who are not laid off because they become too expensive.
00:04:17.400 And in time, it will cause more inflation, which means even those who do receive the benefits will eventually have all of their benefits washed away by the fact that the government printed massive amounts of money and raised taxes in order to pay for all this stuff.
00:04:33.240 Now, I just want to move on to another clip.
00:04:35.180 That was from the press conference question and answer section that obviously Jagmeet Singh didn't post the clips from.
00:04:42.300 But now I want to play a clip that Jagmeet Singh actually posted himself because I always find it interesting the sorts of things that parties actually post from their own press conferences, their own content.
00:04:56.860 What did they think was a good moment for Jagmeet Singh?
00:04:59.960 Here it is.
00:05:00.580 Jack, he wants tax cuts for millionaires at a time when workers are going to lose their jobs.
00:05:06.020 He's currently talking about Pierre Polyev.
00:05:08.720 Jagmeet Singh is so economically illiterate.
00:05:11.580 He thinks that tax cuts are somehow an anti-worker measure, even at a time when Pierre Polyev is right, we should be trying to outcompete the Americans.
00:05:21.240 I, in fact, disagree with Pierre Polyev, who has also backed the idea of retaliatory tariffs.
00:05:27.400 It's not that I want to roll over and let the Americans do whatever they want.
00:05:31.680 It's that it only hurts Canadians to put in place retaliatory tariffs.
00:05:35.720 Yeah, it also hurts the Americans, but you hurt yourself more than you hurt your opponent.
00:05:39.380 That's why if Trump tariffed Canada, you'd probably have to walk it back from pressure from his own people within a few weeks because it's going to hurt all the states that import a lot from Canada more than it actually hurts Canadians.
00:05:51.560 And if we just cut our own taxes, our corporate taxes and our income taxes, our economy wouldn't even be bothered by the 25% tariffs if they do eventually go into place because people will have enough money to save in order to lower the prices of their imports and domestic goods to make up for the cost increase from it from the tariffs.
00:06:11.500 Anyways, but I'll let Jagmeet finish here.
00:06:14.220 It's a ridiculous approach.
00:06:15.720 That's what he's come out.
00:06:17.240 That's a specific tax cut that he's talked about that helps a very, very, very small percentage of Canadians that earn mostly over $1.4 million.
00:06:26.140 That's who it mostly helps.
00:06:28.040 Yeah, you know, job creators.
00:06:30.680 I'm not that wealthy, obviously.
00:06:33.120 I don't employ anybody.
00:06:34.480 But I do understand the idea that even if someone has more money than me, it's not that they're hoarding it in a bank account.
00:06:42.980 They don't want anyone to touch it.
00:06:44.020 They basically are just Scrooge McDuck.
00:06:46.200 It's somebody who probably, if they are able to save more money, is not just going to put into a beach house somewhere.
00:06:52.360 They're probably going to invest in a new location for their business or they want to expand their operations in some way, expand production, hire more people.
00:07:00.280 That is good for the economy, having less money locked up in government coffers, employing only people for fake jobs and wasting money on programs nobody needs.
00:07:09.980 We can have it in the pockets of people who are then going to expand their ability to be profitable by hiring more people and starting more businesses, starting more businesses, expanding locations, all that sort of thing.
00:07:21.860 That is a ridiculous approach in the face of a trade war where we got steel workers in Sault Ste. Marie saying, I'm going to lose my job.
00:07:28.260 We got auto workers in Windsor, auto workers in Oshawa, who every time their line shuts down, they think, that's it.
00:07:33.560 I'm going to go back home.
00:07:34.920 We got workers now across the boards that are wondering, what am I going to do to put food on the table?
00:07:40.000 How are they going to put food on the table by taxing people more?
00:07:43.320 Like, I guess you can do that if you're a communist.
00:07:45.840 But I think, again, the approach is better to keep the company healthy by making it so that that company doesn't go bankrupt in part through the pressure of government taxation.
00:07:54.620 How am I going to keep my home? And Pierre Polyev proposes a tax cut for millionaires?
00:07:59.660 I mean, it's very on brand for Pierre Polyev, but it's not what Canadians need right now.
00:08:03.980 Who could guess why this guy's not doing well in the polling right now?
00:08:07.300 He talks like he's running for student union president at U of T.
00:08:12.140 It's just all bad.
00:08:13.520 It's just all trying to play to, frankly, ignorant voters, ignorant voters who don't understand that somebody with a lot of money being able to save more of their money doesn't hurt you at all.
00:08:25.860 In fact, government programs do not actually help people that much.
00:08:29.160 The amount of money you have to put into a government program to deliver the same quality of service that the private sector does is monumental.
00:08:36.400 It's like two to three times the amount of money the government invests in something that the private sector could do for far cheaper, far cheaper, with better quality service.
00:08:47.920 Let people save their own money.
00:08:50.340 Let businesses save their own money.
00:08:52.220 More people will be hired.
00:08:53.560 Wages will, in fact, be going up in time and inflation will go down.
00:08:57.340 So those grocery prices that Jagmeet Singh keeps blaming on the grocery store for raising, it has nothing to do with the fact that there's way more money in the economy these days and all the dollars are worth less.
00:09:07.080 All that will go down.
00:09:08.200 It will all go down.
00:09:09.380 And I think Jagmeet Singh actually knows that.
00:09:11.920 I think Jagmeet Singh is just a cry bully who wants to pretend that he cares so much about workers and he is here to, like, you know, fight for them and against big businesses, against the corporations.
00:09:24.620 Hilariously, he constantly does little, like, video media pieces where he's in, like, some local organic grocery store.
00:09:33.840 It's like, dude, look at the markups that that place is going to have on an avocado and then compare it to, like, Safeway or Save On Foods or some other large grocery store chain Loblaws that he hates so much.
00:09:46.820 They will cost more.
00:09:48.460 And it's not because they're evil and nasty.
00:09:50.820 It's because they are not able to deal in economies of scale.
00:09:53.980 The idea that corporate grocery stores are ripping people off is patently absurd.
00:09:59.300 They are not ripping people off.
00:10:00.820 They raise their prices when market pressures force their prices to go up.
00:10:04.620 Sometimes they raise prices just to raise prices.
00:10:07.100 Sure, that might be because there's a lot of demand on a particular product.
00:10:12.440 You know, supply and demand, Jagmeet?
00:10:14.840 Of course you know what that is, but he just pretends not to.
00:10:18.480 Anyways, so that should be that for today.
00:10:21.460 I'm going to be back probably later with a video regarding everyone saying that Pure Polyev needs to be doing more media and that he should be going on podcasts like Patrick Davis in the U.S.
00:10:34.120 I want to do a whole response to where I think where people are right about what Pure Polyev's media strategy should be and where people are also wrong.
00:10:42.920 Because I find that sometimes people who are on social media too much, and I get it, I'm on social media a lot, but people who are on social media too much will make, I find, wrong assumptions about how politics actually works.
00:10:57.820 And they won't know how to connect with voters.
00:11:00.180 So I think a lot of what Polyev is doing right now are smart moves.
00:11:04.340 In other places, I think he needs to do better.
00:11:06.660 He needs to do more media.
00:11:08.480 But that doesn't mean running down south of the border and sitting on a podcast with a guy who's extremely pro-Trump.
00:11:14.140 And there's nothing wrong with being pro-Trump.
00:11:15.840 But he's extremely pro-Trump at a time when we are in trade tensions with the U.S.
00:11:20.020 That looks bad, and it would look just as bad as Mark Carney going on The Daily Show to launch his run as prime minister, as well as moving his business to New York City.
00:11:31.480 Just the political realities.
00:11:33.080 I wish people really didn't care what podcast you went on, because they understand every podcast has an audience that crosses borders.
00:11:40.220 But that's just the reality of how politics works.
00:11:43.020 Again, I tend to be the one to buck conventional wisdom.
00:11:45.560 But every once in a while, there's an aspect of conventional wisdom that is true, especially when you're on a short time frame and an election is within less than a year, even if we have to wait until October.
00:11:56.580 So anyways, that's it for me today, guys.
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00:12:00.080 Do all that great stuff.
00:12:01.600 See you later.