The National Telegraph - Wyatt Claypool - Justin Trudeau is waging a war against Chrystia Freeland

00:00:00.000 Hello everyone, welcome back to the Wyatt Claypool Show, and today we're going to discuss the Cold War that you may not have known was even going on between Prime Minister Justin Trudeau and his own Deputy Prime Minister and Finance Minister, Chrystia Freeland.

00:00:17.580 Obviously, both of these people are bad actors. They're terrible politicians, terrible people, and their policy is awful. But it's still interesting to watch the way that Justin Trudeau just abuses his subordinates, some of the most loyal people in his government to him.

00:00:34.400 You could argue that Chrystia Freeland is the most loyal person to Trudeau, maybe after Jagmeet Singh. And now Trudeau is basically trying to force her out, set her up for failure, so that he can throw her under the bus, blame her for all the problems with the country's finances, and then maybe slot in Mark Carney.

00:00:54.840 Obviously, this has been going on for quite a while now, of Mark Carney moving from just a background advisor to someone more forward in front of the cameras, talking about Canada's financial policy and wanting to help advise the Prime Minister.

00:01:10.040 I think what's going on here is that, fast-forwarding three months from now, I think we might see Freeland move back to a different role, or say that she has decided that she's not going to be running again.

00:01:22.520 She has a lot of Disney Plus to catch up on ever since she cancelled that subscription for her family, so she's going to be going and doing something else now.

00:01:31.540 And then Mark Carney has the opportunity to jump in and become the Finance Minister.

00:01:36.020 The interesting part of all this is going to be seeing whether or not Freeland is going to have enough of a backbone to actually go after Trudeau and start leaking information on him.

00:01:46.080 Because that's kind of gone on so far, because the rumor mill in Ottawa has been that Trudeau is trying to force, effectively, the deficit hire for this vanity project with $250 checks and the GST holiday to make himself temporarily look good, while also jamming up the deficit.

00:02:04.460 He has basically thrown Chrystia Freeland a hot potato she can't get rid of, and then it gives him a great opportunity to blame her for the deficit, like, while sailing past the $40 billion limit they set, and then being able to move Mark Carney in after.

00:02:21.900 But let's take this from the top and look at how this has all started with the original promise for the $40 billion deficit.

00:02:28.220 So this clip is in French, but it has Chrystia Freeland being translated into English, making the commitment that Canada is going to be on track to staying below a $40 billion deficit in 2025 for the next budget.

00:02:45.220 I don't know why this is even considered a good thing.

00:02:47.260 Wow, look, we stayed below $40 billion.

00:02:49.580 It'd be great if we were in a surplus, but this is at least what Chrystia Freeland had committed to.

00:02:53.800 Deficit last year was $43 billion.

00:02:56.420 This year, the deficit will be $40 billion.

00:03:02.300 Once again, that is a decrease.

00:03:05.000 Wow, it's a decrease?

00:03:06.500 Wow, we went from $43 billion to $40 billion?

00:03:09.940 Why is that even considered an improvement?

00:03:12.160 But now, this year, it looks like it's going to cost way more than even $43 billion.

00:03:17.260 The deficit's going to be massive.

00:03:19.700 So here is one of our, here is one of the conservative MPs calling out Chrystia Freeland for this flip-flop and basically throwing her under the bus, or the prime minister throwing Freeland under the bus.

00:03:32.880 He lost control of spending in his cabinet.

00:03:34.880 He sent this spending spat spiraling out of control, forcing his finance minister to smash through her $40 billion deficit guardrail promise.

00:03:42.680 He then solidified his fake feminist credentials by appointing Carbon Tax Carney as a de facto finance minister after using her. 0.99

00:03:49.900 Even the PBO confirmed they smashed through their $40 billion deficit guardrail by at least $6 billion.

00:03:55.800 Will the prime minister confirm the deficit is not a penny over $46 billion?

00:04:00.520 If the conservatives are really interested in asking questions of the economy, I do have answers for them.

00:04:07.020 Yesterday, the Bank of Canada lowered interest rates yet again.

00:04:10.580 That basically does nothing.

00:04:12.180 Can we just be clear?

00:04:13.400 Lowering interest rates is like the smallest drop the bucket of our financial problems.

00:04:19.420 Oh, well, we just lower the interest rates, everything will get better.

00:04:22.260 Like, you have to have an economy in good financial health to lower interest rates.

00:04:26.580 What we're doing is we're just pumping money into the economy and we're going to be increasing inflation.

00:04:31.740 Interest rates can go down when there's a lot of real productive investment taking place, not when there's nobody really wants to spend money.

00:04:39.960 So maybe we can, like, lower interest rates, make people a little bit more likely to borrow.

00:04:44.460 It's just not how it works.

00:04:45.440 Well, last time the bank dropped 50 basis points on the interest rate was 9-11, the global financial crisis, and COVID.

00:04:52.300 And carbon tax Carney's comeback fueled his fiscal feud further.

00:04:55.700 The weak prime minister used the finance minister to rack up debt, and now he's going to replace another female minister, but this time with Davos' elite carbon tax Carney.

00:05:05.400 All of this just to smash through his $40 billion deficit card rail and drive Canada's finances off a fiscal cliff.

00:05:13.180 Once again, will the prime minister confirm the deficit won't be a penny past $46 billion?

00:05:19.420 Yeah, so it's bad. 0.97

00:05:23.420 And so what's going on now, I'll remove that for a second, is that now Freeland is now having to look like a moron, not being able to argue or articulate why exactly she can't balance the budget. 0.96

00:05:36.060 Because what she should be able to say is that the prime minister forced this stupid $250 check handout and GST holiday on me, and now I have to make everything balanced, and it's just not going to happen because of all this stupid late-minute, like, massive spending things we're doing. 0.96

00:05:55.020 But because the Liberal Party is such a cult, Freeland doesn't even have the capacity at this point to even recognize that she's being used and forced to be the fall guy for the $46 billion deficit, or whatever it ends up being. 0.81

00:06:10.240 So, since you've been minister, you've delivered a number of budgets.

00:06:16.340 Have any of those budgets that you delivered, has the deficit come in as projected?

00:06:21.000 Has any one of them come in as projected?

00:06:25.020 Actually, Mr. Perkins, we are delivering a far stronger and faster rate of fiscal consolidation.

00:06:35.460 That doesn't mean anything.

00:06:37.440 That literally doesn't mean anything.

00:06:38.700 Can we just be clear?

00:06:39.840 She's lying here.

00:06:41.100 We have a faster rate of fiscal consolidation.

00:06:44.500 Are we delivering the budget on time?

00:06:46.660 Are we getting the budget in as projected?

00:06:49.740 Are we?

00:06:50.620 Well, fiscal consolidation is happening faster than you think. 0.99

00:06:55.960 This is just stupid corporate speak that people are done with in Canadian politics. 0.92

00:07:00.260 Than anyone predicted, including our budget documents, when COVID first hit and when Canada experienced the deepest recession since the Great Depression. 0.97

00:07:10.640 The recovery led by our government's economic plan has been significantly stronger and faster than the recovery which Canada saw when the Conservatives were in office after the financial crisis.

00:07:25.580 The recovery was faster.

00:07:27.900 Okay, that's because the economy crashed out in 2020 because of lockdowns.

00:07:32.540 And then when you bring it back, it will recover quite quickly.

00:07:35.640 In 2008, Canada actually didn't get hit that hard with the financial crisis compared to the U.S. and other countries.

00:07:40.540 So we dipped down a bit.

00:07:41.980 And then over a couple of years, we recovered and we shot past that point.

00:07:45.800 So yeah, oh my goodness, but it took us two years compared to just a year to recover.

00:07:50.120 It's like, well, yeah, because we're having to recover from artificial problems in 2020, whereas in 2008, it was an actual international financial issue.

00:08:01.200 Canada's financial issues right now, our economic issues are all policy made.

00:08:05.760 It's all government created problems, pretty much.

00:08:08.880 Which was a shock, but a much milder shock than the COVID recession.

00:08:15.140 And I'm very pleased that Canada is on track for a soft landing.

00:08:21.140 Inflation has been in Bank of Canada's target range for 10 months for all of this year.

00:08:26.480 And target range doesn't matter.

00:08:28.800 The thing is that inflation is still going up.

00:08:30.620 Oh, inflation is only 2.3% this year.

00:08:34.140 Oh, that's better than we had projected.

00:08:36.460 Oh, that's within the range.

00:08:37.580 Okay, it doesn't matter if that feels like more normal inflation.

00:08:41.340 Yeah, in a normal year, if we had 2.3% inflation and then the economy grew by 3%, that's perfectly fine.

00:08:49.600 The problem is our economy is growing in terms of overall GDP, but GDP per capita is going down.

00:08:57.140 And then inflation, the 2.3% inflation is on top of years of 5%, 7%, 9% inflation, and it's even worse for food.

00:09:06.080 So, yeah, no, it's not good.

00:09:09.000 None of it's been good.

00:09:10.220 Interest rates have been coming down.

00:09:12.000 That is really good news for Canadians, and that did not happen by accident.

00:09:15.440 I spent most of my life before being elected in 2021 in the private sector as an executive of a number of corporations as well as on boards.

00:09:23.840 And if the CFO for my company missed its financial projections every single year, they wouldn't be the CFO for very long, neither would the public markets.

00:09:33.980 So, why should you remain a CFO of Canada since you can't seem to hit a single target you set?

00:09:42.380 As I said, Mr. Perkins, I said...

00:09:44.640 It's the same stuff.

00:09:45.700 She's not going to be able to answer the question.

00:09:47.080 But what I want to do now is move on to this very interesting answer that she gave to a question about whether or not the prime minister is undermining her at a press conference she was holding.

00:09:58.420 Because you can tell, and everyone's been commenting on it, she looks visually upset being asked this question.

00:10:05.460 Like, she knows she's basically been dragged through the mud through the incompetence of the prime minister.

00:10:11.060 Oh, let's make sure I actually have this queued up to the right spot. 0.53

00:10:14.040 Because, again, she's like in a cult.

00:10:16.840 The Liberal Party is basically acting like a cult at this point.

00:10:22.660 If he's messing something up, you just have to pretend like he was right in order to, you know, blow through the deficit. 0.98

00:10:30.320 It's an absolute clown show right now.

00:10:32.840 And you can even see it on her face here, just the frustration of having to deal with the jumping around of Trudeau and all these issues. 0.94

00:10:40.640 Hi there, it's Laura Stone, Globe and Mail.

00:10:54.280 We've all agreed to do one question so everyone can get in.

00:10:57.340 Minister Freeland, we've been reporting all week about tension between your office and the prime minister's office over the fiscal policy in this country.

00:11:05.580 We've said that the prime minister is again in talks with Mark Carney to join the government.

00:11:11.600 And the prime minister appears unwilling to personally.

00:11:14.620 I'm going to go back a little bit here.

00:11:16.160 I'm actually going to take this out of full screen because I just want to zoom in on her and go back a little bit here.

00:11:22.240 You can just tell how just visually upset she looks from all these questions and, like, the implications of what's been going on behind this.

00:11:28.560 I've been reporting all week about tension between your office and the prime minister's office over the fiscal policy in this country.

00:11:35.300 We've said that the prime minister is again in talks with Mark Carney to join the government.

00:11:41.060 And the prime minister appears unwilling to personally defend you in public.

00:11:45.900 How can you stay in the government when the prime minister continually tries to cut you off at the knees like that?

00:11:52.140 And will you fight back against it?

00:11:53.680 Can we all see her face here?

00:11:55.980 You can even tell because someone can kind of, like, smile like this.

00:12:01.100 But if their eyes look frustrated and upset, you can tell.

00:12:05.580 They cannot hide that.

00:12:06.680 And she cannot hide, just like, as she goes on here, how much she probably wants to stab Justin Trudeau with an ice pick.

00:12:14.400 I'll let it go on a bit longer.

00:12:16.080 I do want to see her answer.

00:12:17.120 It's this effort to replace you.

00:12:23.680 Well, thank you for the question.

00:12:28.700 For me, it is a huge privilege that I do not take for granted to serve Canada and Canadians every single day.

00:12:39.860 It's a big deal.

00:12:41.800 There are kids here who went to school with my daughter who are great young innovators.

00:12:48.420 And I'm really proud to be able to.

00:12:51.660 Why is there no answer so far?

00:12:53.860 Like, think of this to yourself.

00:12:55.720 Why has the answer so far not been, there's no problems.

00:12:58.560 I'm not being replaced.

00:13:00.060 Everything's fine.

00:13:00.900 Or, you know, I've been wanting to step back and Mark Carney's taking up a little bit more of the load.

00:13:05.860 We have a lot of problems, you know, we have to deal with.

00:13:08.580 And so it's always better to have two sets of hands rather than one.

00:13:13.000 She can't say it because you know the fact that basically Trudeau is torturing her, saying, get the deficit down to $40 billion.

00:13:19.760 And then two, like three weeks ago, says, you know, also, by the way, you're going to have to spend like $4 billion or something like that.

00:13:27.180 I forget what the number is.

00:13:28.640 Delivering these $250 checks.

00:13:30.220 Also, we're going to have a revenue shortfall because of the GST, HST freeze for two months.

00:13:36.060 So, you know, yeah, deal with it.

00:13:38.300 Have fun with that.

00:13:39.240 To offer them something that will help their company.

00:13:43.600 I'm proud and grateful to be able to serve in the cabinet of the prime minister.

00:13:50.380 And I really don't spend a lot of time focusing on Ottawa gossip.

00:13:58.020 My focus is on...

00:13:59.620 Why would you even acknowledge that there is this gossip and it's not just like a false rumor or something like that?

00:14:05.280 The whole point is, guys, by the way, gossip is not good oftentimes, but oftentimes it's because it's gossip because there's something true about it.

00:14:14.580 And there is something true about this.

00:14:16.320 And again, as the thing goes on, you can even just look at the contortions of her face.

00:14:20.180 She is deeply uncomfortable with this question.

00:14:22.860 Again, if this was a nonsense point that only conservatives were trying to spread rumors about,

00:14:28.700 she could even, like, just come out and just say, no, nonsense, we're working fine together.

00:14:33.540 You know, everything's cool.

00:14:34.500 On doing what I can to serve Canada and Canadians in what's a really challenging time for our country.

00:14:41.980 Next question.

00:14:42.940 Yeah, that was bad.

00:14:46.040 She's not probably going to last for another three months or so.

00:14:51.360 She might still be in the government. 0.98

00:14:52.900 She's still the deputy prime minister, which is a high enough role.

00:14:56.240 Maybe Trudeau can, you know, shuffle her under a bus and then place her back in the deputy prime minister role, 0.89

00:15:02.100 keep her there in stasis because the deputy prime minister really doesn't do anything.

00:15:06.200 And he doesn't want to, you know, get accused of being a fake feminist.

00:15:11.180 And so he'll, you know, make sure that she at least still has a somewhat prominent role,

00:15:15.340 even if she's not doing anything.

00:15:16.800 Remember when he was making the speech the other day in front of that equal rights organization,

00:15:21.520 or it was equal voice.

00:15:22.860 It's a feminist organization that wants to get more women in politics. 1.00

00:15:26.060 I find all that kind of silly.

00:15:27.960 We shouldn't be wanting anyone from any specific group more in government 1.00

00:15:31.480 through artificial means or artificial promotion.

00:15:34.620 But remember, at that event, Justin Trudeau had even said,

00:15:39.460 well, I'm proud that I have appointed the first female finance minister.

00:15:46.360 I do find this post quite funny from Pierre Polyev,

00:15:50.380 and I do want to later go on and replay that video from Equal Voice.

00:15:54.800 But here's what Pierre Polyev has been saying,

00:15:56.760 because, again, the Conservative Party wouldn't be needling on this

00:15:59.560 unless it was something that there was, you know, something to.

00:16:02.960 You don't push on an issue that there was nothing behind.

00:16:06.400 He said,

00:16:06.800 And then it went on to some other stuff,

00:16:23.680 but we don't need to always see every little bit of stuff here.

00:16:26.520 And so then he has this meme attached of Christy Freeland

00:16:30.340 slowly being replaced by Mr. Mark Carney right here.

00:16:35.040 It's fun watching the liberals fighting each other.

00:16:38.880 They're not even really fighting each other.

00:16:40.460 It's just that Justin Trudeau has brain drained the party so much

00:16:44.080 that he can go around abusing and using liberal politicians,

00:16:48.020 and they'll, at the end of the day, apologize to him for doing a bad job,

00:16:52.760 even though they did exactly what Trudeau wanted them to do.

00:16:55.980 This is why you wonder why they even bother being loyal.

00:16:59.760 So here's something that Trudeau posted the other day.

00:17:01.640 He said,

00:17:02.200 It's just about U.S.-Canada relations.

00:17:03.800 The actual text of it doesn't matter.

00:17:06.100 I find it so telling that in this photo,

00:17:08.720 they couldn't get a frame of Christy Freeland's face and Justin Trudeau.

00:17:13.180 I don't think she wanted a photo with him like this.

00:17:15.860 Because people, again, in Ottawa,

00:17:17.960 they know how things usually work.

00:17:20.000 That's a weird photo.

00:17:21.200 And people, I think, were looking at this and being like,

00:17:23.840 well, you know,

00:17:25.240 why isn't it that, like, we don't, like,

00:17:28.240 you think you'd have, like, a photo that makes it look like you guys are all unified

00:17:31.680 and working together and whatnot,

00:17:33.900 and just not.

00:17:35.080 Like, no, it's just not there.

00:17:36.340 It's just really awkward.

00:17:38.420 Here is the answer that Trudeau gave the other day

00:17:41.300 when he was at the Equal Voice event.

00:17:43.000 And I think this is especially relevant to this situation

00:17:46.740 where he's talking about female progress.

00:17:48.780 This doesn't have the finance minister part in it,

00:17:51.380 but, you know, this is what he said just a couple of days ago.

00:17:54.080 No, it shouldn't be that way.

00:17:55.960 It wasn't supposed to be that way.

00:17:57.900 We were supposed to be on a steady, if difficult sometimes,

00:18:01.640 march towards progress.

00:18:04.320 And yet, just a few weeks ago,

00:18:06.420 the United States voted for a second time

00:18:09.840 to not elect its first woman president.

00:18:13.740 Everywhere, women's rights and women's progress

00:18:17.440 is under attack, overtly and subtly.

00:18:21.520 And Justin Trudeau over here walking over women's bodies,

00:18:25.700 just stepping on them so that he doesn't have to get his feet wet

00:18:28.820 in a puddle or something like that.

00:18:30.720 And that's the thing about him. 0.98

00:18:32.420 The DEI-type balanced cabinet stuff is ridiculous. 0.95

00:18:37.560 Trudeau doesn't actually care. 0.72

00:18:39.700 He just likes using people's identity for cover.

00:18:42.400 He will throw them out when it suits him.

00:18:44.920 He threw out Raybould.

00:18:45.760 He threw out Philpott.

00:18:47.140 That Caesar lady, she was kicked out 1.00

00:18:49.740 because they stopped being liberal loyalists.

00:18:53.500 Liberal loyalists is still the number one identity group

00:18:56.780 that Justin Trudeau cares about.

00:18:58.760 That's why he likes people like Mark Gerritsen

00:19:01.220 and keeps them around,

00:19:02.460 because they are willing to say and do absolutely anything.

00:19:05.900 And now that Freeland can't literally contort herself 1.00

00:19:10.160 in the finance minister role to let Trudeau have his cake and eat it too,

00:19:16.180 now she has to be replaced by Mark Carney

00:19:18.720 because obviously nothing is ever Justin Trudeau's fault.

00:19:21.700 It's just math.

00:19:23.060 And I think that Freeland should just go back in her office 0.90

00:19:25.200 and crunch the numbers again

00:19:26.360 and see if we can still get to that $40 billion deficit.

00:19:29.220 And if she can't, well, I guess Mark can give it a try.

00:19:33.700 Morneau failed before Christia Freeland failed. 0.86

00:19:35.920 Now let's give Mark a chance,

00:19:38.040 even though Mark Carney is also going to do exactly what Trudeau wants.

00:19:41.940 And every time we run into problems,

00:19:43.700 it's going to be because of Justin Trudeau.

00:19:47.300 Anyways, well, that's it for me today, guys.

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The National Telegraph - Wyatt Claypool - December 14, 2024

Justin Trudeau is waging a war against Chrystia Freeland

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