Justin Trudeau said that the economy doesn't matter, and that bankers should be worried about that. I don't care about the economy, it's for the bankers to worry about. You are too stupid to help.
00:00:00.880You will find that especially in politics, people who treat others like they're stupid tend to be pretty stupid themselves.
00:00:09.880I think this perfectly describes Prime Minister Justin Trudeau and so many of his liberal ministers and MPs.
00:00:17.260They don't know anything, and because they're so ignorant, they think they can condescend to you without you noticing and say stuff like, Canadians know, before spewing out a bunch of uninformed nonsense.
00:00:31.240And Justin Trudeau put this on perfect display the other day, went at a press conference, he basically said the economy doesn't matter, and that's just something for bankers to be concerned about.
00:00:42.760I'm going to play that clip for you in just a second, but before I get into that, I just want to remind you guys, if you're not yet subscribed to this channel, please hit that subscribe button, like this video, leave a comment, and if you want to support the show, you can donate to the Give, Send, Go legal fund, both linked in the description below and pinned at the top of the comments.
00:01:00.720And also in the description and the comments is my website, WyattClaypool.com.
00:01:05.560If you want my recommendations for local nominations, both federally, provincially, as well as leadership races, federally and provincially, sign up there and I can basically send you my thoughts on good conservative candidates to represent your area.
00:01:18.540Anyways, without further ado, here was Justin Trudeau at this press event, and this was in response to a lady with a good question saying, okay, it's great that you have this new program to get kids lunch at school, but how is this going to help the macro economy?
00:01:35.880It doesn't make any of these kids' parents better off.
00:01:39.580This is just a small little benefit to the kids themselves.
00:01:43.400Why don't we have programs that make life better for everyone so they can afford to feed their own kids?
00:01:49.140Whether it's investments in the school food program.
00:01:52.680And I take a little bit of issue with what you said about what the economy needs.
00:01:57.520What the economy needs is for people to be able to afford their groceries.
00:02:01.100What the economy needs is people to be able to be optimistic about the future we're building with good jobs, good opportunities for their kids.
00:02:10.640Kamala Harris in the U.S. is basically just the female version of this.
00:02:14.100Oh, I take a little umbrage with you saying that this isn't helping people or people don't care about this because people need to be able to afford their groceries.
00:02:24.000People need to be able to be optimistic about the future.
00:02:26.200Okay, what does giving kids a sandwich and an orange at school do to make people optimistic and better off?
00:02:33.960Yeah, I guess it gives people a small benefit.
00:02:36.260Now they don't have to pay, you know, $2 to make their kids lunch in the morning.
00:02:42.480If he cut taxes, people could pay for their kids to have whatever they want at school.
00:02:47.380But he's going to treat other people, you know, people at this press event and Canadians in general like they're dumb, and they need to be told that having money is good, even though he's not actually giving you back almost any of your own money.
00:03:01.000Yeah, there's that new HST-GST cut, and he's going to ship everyone $250 in April, but that doesn't really do things for the macroeconomic conditions.
00:03:11.420These little cutouts don't actually make the economy better in the long run.
00:03:14.780It's a little, you know, relief, but people are mostly just going to hold on to that money because they know it's not the cuts in tax are going to last forever.
00:03:47.660If you guys don't know what the Dunning-Kruger effect is, it's that idea that people who have a little bit of knowledge about something oftentimes are the ones who think they know the most.
00:03:57.880Trudeau basically knows that money is in the economy, and he likes money.
00:04:02.320And so he thinks he knows everything there is to know about economics.
00:04:05.800But if someone presses him enough on why his plans aren't helping the economy, he's like, ah, bankers.
00:04:19.640Being there to support families, because an economy works when families are confident about the future.
00:04:26.300That's why we continue to grow the economy from the bottom up, from the middle out, while Pierre Polyev talks about cutting supports for families, cutting the investments in the future that Canadians are going to be relying on.
00:04:38.340I guess we can just grow the economy on good vibes and emotions.
00:04:45.740We just need to come together and love, and then the economy will grow.
00:04:50.780We just haven't made enough love investments in the economy, apparently.
00:04:55.940Justin Trudeau is even the worst offender at all this.
00:04:59.040One of the ministers sitting behind him, I believe it's Child Service Minister Jenna Suds here, talks constantly like everyone's been lobotomized.
00:05:09.300I don't know how they get these people.
00:05:11.700They need to get way better PR teams inside the Liberal Party.
00:05:15.060Like, I don't want these people to win the next election.
00:05:18.660But if anything, I wish the Liberals were more formidable because it allows the Conservatives to be lazier the more pathetic the Liberals are.
00:05:25.440This is how Jenna Suds actually talks in a video where she's supposed to be, like, trying to get on the same level as other people.
00:05:32.940She thinks she is so high up and everyone else is so far down that she immediately goes into stupid people voice whenever she's talking about government programs.
00:06:43.320The economy sucks, and I know you're going to be able to find, like, a wild card parent who, like, working as hard as they can, cannot afford to do this stuff.
00:06:50.940But this whole program was entirely unnecessary.
00:09:23.940And, of course, there's kids who go to school hungry.
00:09:26.680That's just called being a bad parent.
00:09:28.720There's no way that you can't give your kid, like, a peanut butter sandwich.
00:09:32.400Maybe you can't do that because of peanut allergies.
00:09:34.480There are a lot of really cheap options you can give your kids.
00:09:38.260And if people truly can't afford this stuff, the thing we should do is not a government program.
00:09:44.080The thing we should do is give their parents back some of their own tax dollars, and not the stupid way that Trudeau is doing it through, like, carbon tax rebates and $250 handouts here and there.
00:09:54.680Just a full year, 1% cut off of the income tax of everyone solves a crazy amount of problems.
00:10:01.740Cutting spending to reduce inflation, crazy amount of problems solved.
00:10:05.840Cutting regulations, crazy amount of problems solved.
00:11:21.920It's been the Bank of Cannabis target range for 10 months in a row that has allowed the bank to bring down rates.
00:11:30.460And that has created the space for us to provide...
00:11:34.520What's with this ukulele music, by the way, too, in the background?
00:11:38.020It's like we're in a Kickstarter campaign.
00:11:39.700A little more relief for hard-working Canadians.
00:11:44.440This is going to be about giving just a little bit of extra help to families over the holidays from the middle of December to the middle of February.
00:11:55.180What do people know deserve help after that?
00:12:06.860But if it's just a stupid electoral handout because you can't actually afford to cut the GST that long because you're overspending and you don't have the money to pay for it unless you get to bring the GST back, stop lying.
00:15:50.900Ontario, the upper tax brackets, because I didn't even know this for the longest time.
00:15:55.700And this is, again, Doug Ford and like the Ontario premiers over time also think you're stupid, that their upper tax bracket in Ontario is technically only 13%.
00:16:05.160But after you pay about $5,200 in taxes, you get a 20% surcharge added to everything you pay past that until you hit about $7,200 in taxes that you've paid.
00:16:17.560And then you owe them another 36% on all the taxes that you pay past that.
00:16:22.380So the actual upper tax bracket, if you're making like over $300,000, I know most people don't make that much.
00:16:28.240The whole point is that those are business owners and people who create jobs making that much.
00:16:32.200The upper tax bracket in Ontario, when you take all this into account, is like, I think it's like 30, like it's like 20.5%.
00:16:42.760And when you combine that with federal taxes, you're paying like 53% of your taxes in Ontario in upper brackets, before you've even paid property taxes or sales taxes.
00:16:55.700It's stupid living in this country with all these stupid politicians who think we're stupid.
00:17:02.500Anyways, that's it for me today, guys.
00:17:05.380If you want to support the show, you can do what I mentioned before.
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00:17:13.760And I encourage you all, sign up on my website, wyattclaypool.com.
00:17:17.100I'm only going to contact you if you happen to live in a riding where there's a nomination going on and there's more than like 10 people signed up on the list.
00:17:24.160There's not much of a point in me like contacting one person to say, hey, you should back this guy.
00:17:29.040But if there's like really good conservative nomination candidates in your riding or there's a great leadership candidate in your province,
00:17:35.280we have two provinces about to go into leadership races, Manitoba for the PCs and New Brunswick for the PCs.
00:17:41.440I can sort of like rank people in order of how conservative they are.
00:17:45.400I'll be making videos on those races as well.
00:17:47.920But even as far down as like a provincial nomination for a conservative provincial party,
00:17:53.460I can like tell you who's the guy who's actually conservative, who's not going to treat you like an idiot
00:17:58.280and just actually cut taxes, actually deregulate, actually do the things that we want people to do in politics
00:18:04.660with no excuses added on for, well, you have to understand there's a lot of regulations that have to go around.