The National Telegraph - Wyatt Claypool - Liberal Finance Minister FAILS basic economics!

00:00:00.000 Hey guys, Wyatt Claypool here. I apologize for having ever said that Francois-Philippe Champagne

00:00:07.160 seemed like a professional. He is currently our finance minister in Canada, and from the surface

00:00:14.120 level, it seemed like he'd maybe be one of the more serious people in Mark Carney's cabinet,

00:00:20.160 but no, the man apparently doesn't understand economics 101. Check this out. He says,

00:00:26.800 Canada's economy grew by 2.2% in quarter one, above market expectations and among the strongest in

00:00:34.200 the G7. We're building Canada strong. Now, if we grew by 2.2% in the first quarter of 2025,

00:00:42.820 we should be making Francois-Philippe Champagne and Mark Carney like the gods of Canada. 2.2% in one

00:00:49.940 quarter. That's not actually how that works. No, no, no. The quarter is only, drumroll please,

00:00:57.680 0.5, 0.5%. We had a 0.5 quarterly change. Now, if the government keeps that up, it must be like 0.52

00:01:08.160 or something like that. But if the government keeps that up, it can get to 2.1% for the year 2025,

00:01:15.760 but this is the first quarter. And Francois-Philippe Champagne doesn't understand that. The most basic

00:01:23.520 economic concept that each quarter gets added together with its growth of the economy for the

00:01:31.740 overall growth of the year. We are not one of the best economies in the G7 by far, especially if you

00:01:38.980 look at things like per capita GDP growth. We have terrible GDP growth per capita because, in fact,

00:01:46.460 it's not growing. It's been shrinking for, I think, about six quarters now, or actually might be eight

00:01:50.980 quarters at this point. Every single quarter, we are not just not growing as fast as other countries.

00:01:57.060 We are like the one country on the planet that GDP is going to the other direction on a per capita

00:02:03.260 level. And it's because of crazy mass immigration that, yes, our GDP is going up because we're adding

00:02:10.140 more warm bodies to the economy who come with some amount of money and they generate some amount of 0.83

00:02:15.600 productivity. But the median person is doing worse and worse because of the macroeconomic decisions

00:02:21.500 of the liberals, which includes Mark Carney, who was financial advisor for the government or the

00:02:27.740 economic advisor for five years, as I will keep saying for from now until the end of time.

00:02:34.480 Kirk Lumimov here, who I'm friends with, he's a really good commentator on X. He says,

00:02:41.020 Canada's finance minister, Francois-Philippe Champagne, is just as financially illiterate as

00:02:46.360 Chrystia Freeland, already spreading misinformation. Oh, and Canada's final domestic demand didn't increase

00:02:52.920 for the first time since the end of 2023. He doesn't know what is going on. And yeah, that's

00:03:00.080 that's a big deal. Canada's final domestic demand didn't increase for the first time since the end

00:03:07.340 of 2023. So while, yeah, we're exporting a little bit more, so our export markets are growing a little

00:03:14.060 bit or the GDP is higher because the government's spending more money, actual domestic demand in our

00:03:20.380 economy has not increased. People do not want more product. People are not looking for, you know,

00:03:25.080 to spend. They are spending the amount that they're currently spending. And other than the government

00:03:30.000 or other than foreign countries we're exporting to, the actual amount of things being bought is

00:03:36.500 just flatlining, despite the fact the population is going up at the same time. That is abysmal.

00:03:44.340 This is why it's so silly when you had people during Canada's federal election wanting to vote for

00:03:49.960 Mark Carney liberals because they're serious. They're serious minded, unlike those conservatives

00:03:54.620 who seem wild and Trump like. I would like it if our government was a little bit more wild and

00:04:00.540 Trump like because at least they would actually, you know, do something different. These people think

00:04:05.540 that stability in doing the wrong thing is somehow like a good plan. Oh, well, guys, we're we need to

00:04:11.720 keep a stable hand on the economy. The economic performance has sucked for years. So what do you mean by

00:04:17.580 a stable hand? And that's what Mark Carney was pitching himself as that he is going to restore

00:04:22.640 confidence in Canada's economy by doing what he was doing for the past several years. That's why

00:04:27.880 his spending plan is literally Justin Trudeau spending plan from 2024 copy and paste into 2025

00:04:34.240 plus more dollar signs, more dollar signs for things that aren't going to make people's lives any better.

00:04:39.340 You really think people are going to have more fulfilled lives because the CBC Canadian Broadcasting

00:04:45.600 Corporation got a 150 million dollar a year bump? What? They're going to create three more gem sitcoms

00:04:53.620 that nobody's going to watch? I guess that would I guess that's going to make those actors lives better.

00:04:59.460 But, you know, I could kind of care less. Anyways, that's it for that particular issue. But I do want

00:05:05.720 to bring something up that's not about this economic issue. And that is we are now in virtue signaling

00:05:12.360 month yet again. June has started, which is Canada's national virtue signaling month.

00:05:17.160 And I just wanted to do a shout out to one of the independent MLAs I work with in British Columbia.

00:05:22.920 I didn't even know he was going to post this because, you know, in our little small independent

00:05:26.920 caucus in the BC legislature, we don't tell people what to post at all. And Jordan Keeley came out

00:05:33.380 swinging this month against all of the nonsensical virtue signaling that is going on in the month of

00:05:39.620 June for pride and whatnot. Jordan Keeley says government doctrine. I'm sorry, but I'm just done

00:05:46.260 with all this woke indoctrination. Be whoever you are and be proud, but expecting people to have it

00:05:52.340 forced into their face for a month or a season or for the whole year, please don't because this is

00:05:57.380 absolutely ridiculous. How about the federal government fulfill its commitment to veterans

00:06:02.340 and appreciate them for the year and give them the help they need and not just offer them made.

00:06:07.700 Wow. Just wow. And I absolutely echo what he said there. As I also said on Twitter,

00:06:13.860 the government, the Canadian government is quite literally doing pride season now.

00:06:19.140 The thing is the slippery slope is not a fallacy. It's a prophecy. Every single time people have said

00:06:26.980 they're going to go from pride week to pride month, and then it's going to go to pride season,

00:06:31.860 then pride year. It has been tracking absolutely to a T. Every single, they used to do pride day, 0.99

00:06:38.660 then it was week, then it's month. Now it's season. And it was already season before this year,

00:06:44.180 because every single city apparently has its own pride week outside of pride month,

00:06:48.580 but it recognizes both of them. It's just fussy and ridiculous. And obviously this is not something

00:06:54.580 the government should be doing. Do whatever you want. But having institutions endorse it and spend

00:07:01.060 taxpayer money doing it is insane. I guess I actually am snaking back to the issue of economics.

00:07:07.460 Every time I always hear people fear mongering about cuts or even conservatives saying you can't run on

00:07:12.900 cuts because people don't like cuts. People love cuts. Do you think people wouldn't want to cut all the

00:07:18.980 DEI spending that's going into the June virtue signaling month? 100% people would cut that

00:07:26.740 immediately. But the thing is, you will get basically cowardly politicians or liberals in

00:07:32.900 conservative parties arguing not to do it. Because there might be this small interest group out there

00:07:37.700 who will get mad at you. Who cares? They're not going to vote for you in the first place. And even if

00:07:42.340 they were going to vote for you if you did what they wanted, you shouldn't. Because what they want you

00:07:46.020 to do was the wrong thing. Spending taxpayer money on garbage. I should just read this a little bit.

00:07:52.420 It's absolutely ridiculous. But pride season, and this is the government of Canada by the way,

00:07:58.020 pride season is a term that refers to the wide range of pride events that take place over the summer,

00:08:03.620 June to September. Is September even summer anymore? When 2SLGBTQI plus communities and allies come 1.00

00:08:12.500 together to spotlight resilience and celebrate the talent and recognize the contributions of,

00:08:18.420 and they're going to use the acronym again, I guarantee it. Guys, I'm going to tell you,

00:08:22.500 if anyone in the conservative movement ever uses that full acronym, do not trust them. They are

00:08:29.860 captured. I have listened to other people and even conservative commentary that will deploy that

00:08:35.860 every once in a while in like their own personal lives, or sometimes even in videos like kind of way,

00:08:40.980 you know, in deeper in a video. And I'm like, why did you just use that? That was really weird that

00:08:45.860 you just used like the government official woke version of the acronym. But whatever,

00:08:51.940 it doesn't really matter to me, I guess that much. But I want to highlight one other thing because it

00:08:56.340 also has to do with BC politics. And it's a great example of how woke infiltration happens in parties.

00:09:03.620 So this is something that happened back on June 8th or yeah, June 8th, 2024. This is before the BC

00:09:11.780 provincial election that happened later that year in October. Brian Burgay was one of the candidates

00:09:17.460 that ran for the BC conservatives in the riding of Vancouver Langara. He's a great candidate. I wish

00:09:23.220 the party hadn't silenced him during the election because he's funny. He gets a lot of attention on issues,

00:09:28.900 and he's great at making arguments. He's great at winning political battles and debates.

00:09:34.260 And he commented on this post of a NDP MLA who's still there, unfortunately, Spencer Chandra Hubert,

00:09:42.900 who says, I love this truck. And it's next to a fire truck in the city of Vancouver that has the

00:09:50.100 Pride Progress stuff on it even has, I think, an indigenous pride symbol on it around the fire,

00:09:56.420 you know, the fire department's logo. It's ridiculous. It's a waste of taxpayer money.

00:10:02.980 And I know Brian. Brian's not a social conservative at all. But he still says,

00:10:07.860 I prefer when the police and firefighters don't get political, but that's just me, I guess. And yes,

00:10:12.660 this is political. Don't even try. And he is absolutely right. And do you know who agrees with

00:10:17.780 Brian? It's not any particular person. It's 80% of people. 80% of people obviously agree with

00:10:23.860 Brian whether they vocalize it or not. We all know in our own personal lives, there's not that

00:10:28.180 many people who genuinely like taxpayer money being wasted on this. And a lot of people like

00:10:32.820 when people call it out. But Brian today posted this. That highlighted what the kind of failures

00:10:40.260 of the BC Conservative Party in their failure to actually basically take on the woke mob.

00:10:46.420 Brian said, It's Pride Month. It means it's the time of year where the BC Conservatives hide. Last

00:10:54.980 year, I said a fire truck shouldn't display a political sign, and I almost got removed as a

00:10:58.980 candidate because it upset our new woke star, Eleanor Sturko, who is currently the MLA from, I believe,

00:11:06.020 Surrey. What is it? Surrey Cloverdale. I think it's Surrey Cloverdale. Yeah. The party also told us not

00:11:13.940 to say anything about Pride the whole time. Don't expect anything from this party over the next 30

00:11:18.740 days, unfortunately. I maintain my position that the police and firefighters shouldn't be political.

00:11:23.700 And yes, displaying the Pride flag, especially the modern one, is political straight up. And he,

00:11:28.660 again, is absolutely right. And I remember that that happened at the time because I wasn't working

00:11:34.180 for the BC Conservatives in any capacity at all at that time. And I reached out to their executive

00:11:39.780 of the campaign and of the party because I wanted to tell them, guys, what are you doing? Stop telling

00:11:46.100 Brian to shut up about this. Because I had known in the background that Brian said that he wasn't

00:11:50.420 allowed to speak on this issue. And they told him to basically go off of social media for a while.

00:11:55.700 And I'm like, why? Everyone agrees with Brian. And I legitimately had someone from the BC Conservative

00:12:01.860 executive say to me, well, we didn't want the controversy and the CBC threatened to write an

00:12:10.180 article about it if we hadn't told Brian to log off. And I'm not sure if that's exactly how it happened,

00:12:17.220 because it sounds strange that they told me that the CBC was threatening to write an article. But even

00:12:21.860 at the time, I told them, make them promise to write an article about it. Make them promise to write

00:12:27.620 two. I want them to try and attack Brian because guess what? Anyone who reads that article of going

00:12:32.980 after a BC Conservative candidate, it was very unfortunate Brian didn't win. He was like only

00:12:37.460 a couple hundred votes short of winning in Vancouver Langara, which it wasn't showing, oh,

00:12:42.180 see, he was too controversial to win. That was like the closest riding in Vancouver that they didn't

00:12:46.660 end up winning. They only won one Vancouver riding that was Vancouver Quilchina, where Dallas Brody is

00:12:51.940 currently the independent MLA for. But Brian could have won that riding if the party let him lean

00:12:58.740 into that controversy. And the thing is that 80% of people, if they picked up an article from the CBC

00:13:05.620 or the TIE or Press Progress or anyone attacking Brian for making that tweet, even if it was attacking

00:13:11.620 them and it was framing it as badly as possible, most people would read that and they would say,

00:13:15.380 well, he's kind of right. And that's what you're going for in politics. You're trying to connect with

00:13:19.540 people who think you're right. It doesn't matter if people attack you. If it gets what your message

00:13:24.260 is out there, people aren't going to change their fundamental beliefs just because the CBC is telling

00:13:28.820 them what you said was bad and controversial. Most people are going to read and open the paper or

00:13:33.220 read the article online and say, well, you know, Brian's kind of right. And they're going to be more

00:13:36.660 likely to vote Conservative. But we have so many people in the Conservative movement across Canada

00:13:42.340 who don't understand thing one of connecting with your supporters in the public.

00:13:46.580 Anyway, so that's it for me today, guys. I know this video actually turned more into like

00:13:52.260 silly virtue signaling Pride Month stuff than the economic stuff I talked about at the start. But,

00:13:56.980 you know, you just have to title the video off of something that's easy. And I know if I titled it

00:14:01.780 off of the second part of this video, YouTube would have probably not distributed the content at all.

00:14:07.300 And I am beholden to the way that YouTube runs its algorithm, at least to a point.

00:14:11.300 Anyways, though, but since that's it for me today, guys, I just want to remind you,

00:14:15.300 if you like my content, make sure to drop a like on this video, leave a comment on what you think

00:14:19.780 on the topics I covered, and subscribe if you're not yet a subscriber of the National Telegraph.

00:14:25.140 See you guys later.

The National Telegraph - Wyatt Claypool - June 02, 2025

Liberal Finance Minister FAILS basic economics!

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