The National Telegraph - Wyatt Claypool - November 13, 2026


Liberals hold Disaster Press Conference - Stellantis Lie is Blowing Up!

Carney Wrecks Himself with One Big Dumb Lie - Stellantis Factory Closure

Episode Stats


Length

34 minutes

Words per minute

175.51

Word count

6,015

Sentence count

248

Harmful content

Misogyny

6

sentences flagged

Toxicity

32

sentences flagged

Hate speech

7

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00 I am enjoying myself capitally watching the Liberals spiral out of control over the Stellantis scandal that they created.
00:00:09 If Prime Minister Mark Carney and Industry Minister Melanie Jolie were capable of telling Canadians the straight truth,
00:00:17 yes, it would be a bad economic story about a plant closure in Brampton,
00:00:21 but it wouldn't be a scandal about how the Liberal government thinks they can lie to Canadians and get away with it.
00:00:27 I don't know who told Melanie Jolie it was a good idea to have a press conference last night
00:00:34 but God bless them because this is absolutely hilarious. So industry minister Jolie decided
00:00:42 that yesterday at a meeting with the Unifor representatives she was going to have her own
00:00:47 press conference where she was going to triple down on all the lies about the Stellantis plant
00:00:52 closure and sale to Rochelle, and she got absolutely cooked by reporters asking basic
00:00:58 follow-up questions. Check this out. And first, I do want to give a shout out to beautiful Canada
00:01:03 One here, who did a good edit of the whole press conference in order to make it a little bit more
00:01:09 bite-sized here, seven minutes instead of 33 minutes. And also, before we get into the video,
00:01:14 I just want to remind you, if you like the show, make sure to leave a like on the video,
00:01:18 hype if you are using the YouTube mobile app and of course subscribe if you are not yet a subscriber
00:01:24 so I can hit 100,000 subscribers before the end of the year but now let's jump over to Melanie 0.99
00:01:30 Jolie trying to I guess put on her best voice of righteous indignation to see if she can muscle 1.00
00:01:38 through the fact that she's been lying about what she's known this entire time. The battle for the
00:01:43 Brampton Stellantis workers is one we're fighting for.
00:01:48 To be frank, I'm fed up. 0.99
00:01:51 I'm fed up and workers are fed up and Canadians are fed up.
00:01:55 This is happening at a time where other automakers are doubling down on Canada and investing in their plant.
00:02:05 Did Melanie Jolie just join the opposition? 0.93
00:02:07 this whole I'm fed up line Canadians are fed up is pathetic when you're literally the industry 0.96
00:02:14 minister you and Mark Carney you know that guy who sits on the other side of the caucus meeting 0.94
00:02:20 table from you you guys could create a business environment that doesn't cause corporations to
00:02:26 flee down to the United States that's really what's going on here people can say well Stellantis is
00:02:31 leaving workers hanging okay maybe they are but also in order to actually remain a profitable
00:02:38 company they're going to go down south and if we actually had good tax policies and regulations
00:02:44 they would probably stick around but her being like man i'm i'm i'm ticked off i'm really cheesed 0.53
00:02:50 off about this delantis plant closure man i you really this well i'm outraged i'm disgusting i'm
00:02:58 disgusted just like canadians are you can't do this like three or four days after being exposed 0.72
00:03:04 as a liar you can't come out and now try and buy it back by doing a performative like outrage
00:03:10 routine about the stellantis closure i can't believe they did this to people you're at a 0.86
00:03:15 sheraton hotel where you were meeting with representatives of unifor who themselves called
00:03:20 you out for lying saying that there was no possibility there's no possible way that the
00:03:25 federal government didn't know about the plant closure. And after Lana Payne, who is the
00:03:30 president of Uniforce said that it was like the next day, it was proven to be true that they
00:03:34 absolutely knew about it while they were pretending four days ago to have been blindsided about the
00:03:39 news of the sale. Next step, we will meet the government of Ontario and the government of
00:03:46 Canada, the global CEO of Stellantis. That's because the Brampton workers deserve better than
00:03:53 this. I'm willing to take your questions. Minister Julie, is there a clause in the Stellantis
00:03:59 agreement that gives them the right to sell the operations if it isn't commercially viable?
00:04:05 Nope. No clause. Minister, were you... Does she realize that is foreign capital poison,
00:04:12 what she just said there? If the business environment is not conducive for the operations
00:04:18 of Stellantis, are they not allowed to lay anyone off or sell? Nope, no they're not. What? Stellantis
00:04:25 is literally handing back 220 million dollars of subsidies they got from the government just as a
00:04:31 way to get out of this commitment, because if they're not making money, what's the point of
00:04:38 operating in Canada? They might as well act like a landlord in New York in the 70s whose building
00:04:43 is just crippled by rent-controlled apartments and just burn the whole thing down and at least
00:04:47 collect some insurance money that is how bad it is to operate a business in canada right now
00:04:52 you might as well get the insurance money and run you might as well just hand back all the subsidies
00:04:56 and leave because they're definitely not worth it where since months ago that's the lot is uh
00:05:02 having pensions of selling the brenton plan to to go shell so the only the only company we were
00:05:11 negotiating with was Stellantis. And my message to Stellantis, maybe the global CEO or the Canadian
00:05:19 CEO, was always clear. Protection of jobs and should they sell the plant, they would be violating
00:05:27 their contract with the government and therefore they would be on the hook. The hook for what?
00:05:31 They're handing back the subsidies. Is that not good enough? They're literally saying, hey, we'll
00:05:36 get you back we will basically get as close to giving to getting back to even with you and then
00:05:41 leave they are not giving back all the subsidy money but for years they were keeping people
00:05:46 employed and per and you know adding to the economic uh productivity of the country so
00:05:51 they're basically giving back all the money for the for the time that they're not going to be here
00:05:56 by selling early like they really can't they're violating their obligations by selling then
00:06:02 nationalize it, I guess. Obviously, they're not going to do that because it's stupid, 1.00
00:06:05 but they're effectively arguing for de facto nationalization. If you're a company that 0.93
00:06:11 invests in Canada, they can lock you up here forever.
00:06:15 Our goal was to find a solution because basically we've been negotiating that for
00:06:23 more than a year. So the government of Canada has
00:06:28 levers to make sure that we can hold uh Stellantis to account okay but if you can't block the sale
00:06:38 then you can't block the sale and by the way the CEO of Rochelle has called them liars they
00:06:43 absolutely knew about the sale Stellantis has said the same thing they were in the meetings
00:06:49 where this the sale was being discussed there's multiple meetings over six or seven months that
00:06:55 this went over. But when the news first came out of the 2,000 Brampton workers laid off,
00:07:01 Carney and Melanie Jolie were clutching their pearls like it was an Olympic sport
00:07:05 when they literally knew that it was going to be announced way ahead of time because they were in
00:07:11 the meetings or representatives of the government were in the meetings where this was discussed.
00:07:15 And we will use them. This is a different case than in other cases where usually the Investment
00:07:22 Canada Act would apply, but that's not the case right now. One at the time, guys,
00:07:29 one at the time. So you and then you and then you. Go ahead, so I've said hundreds
00:07:38 of millions and for the rest, Atlantis knows how much it owes the Government of
00:07:41 Canada. Go ahead. Minister, have you given the company a deadline? So we said that we
00:07:47 sent a notice of default and basically they have 30 days or else of course we'll sue them
00:07:53 that's the quote that's the idea of a notice of default that's not scary to Stellantis if you
00:08:01 can't just issue a fine or penalty on the spot that means it's hazy whether they owe you anything
00:08:08 at all now they probably they might not even have to give back the 220 million that they are giving
00:08:13 back a company's not scared you're going to sue them these are massive corporations worth billions
00:08:18 of dollars they have lawyers who can who are already retained to handle stuff like this
00:08:23 the government not being able to name the clause in the contract that they are in violation of
00:08:29 means that it probably is not clear cut and by the way the federal government is sinking itself
00:08:36 by trying to fight this case because who's going to invest in canada if it looks like a shotgun
00:08:42 on marriage, that if you invest in Canada, the Invest Canada Act basically requires you to be
00:08:47 here until you die. Your company cannot be sold. You can't lay anyone off. You cannot slow
00:08:53 productions. You can't cut hours. You can't do anything. You might as well just sell your
00:08:58 company to the Canadian government based on the way that Carney and Jolie are trying to play this
00:09:02 thing. This, again, is like covering the entire country in a plastic tarp and putting anthrax
00:09:09 attack warnings all over it. That would be a less effective way of keeping investment out of Canada
00:09:15 than doing this. They're basically saying that, yeah, you could invest in Canada. We could jack
00:09:21 your corporate taxes up and we'll sue you if you try and sell your company. You knew what you were
00:09:26 getting in for. You know we're stupid. You should have known we would do stupid things. You should 1.00
00:09:30 have known Carney was lying when he said that he was going to go negotiate a trade deal with the
00:09:35 americans and then didn't do it and you should have to put up with the economic consequences
00:09:40 of all the vehicles that you make in the brampton plant having no ability to really be traded into
00:09:45 the united states you stelco cleveland cliffs should have known that there would be 50 percent
00:09:50 tariffs on canadian steel at some point and carney would basically do nothing about it
00:09:54 they should have known that ahead of time and they should eat the cost of of producing steel
00:09:59 that they can't ship down to the united states right now with no ability to stockpile it like 0.99
00:10:03 that is actually what Melanie Jolie is saying this person is daft and should be fired it is important 0.87
00:10:11 to understand that under the contract between the government of Canada and also Stellantis 0.92
00:10:19 the company had and and and the government had to grow through an entire resolution process
00:10:24 which we did in good faith we tried to find a solution for a year and unfortunately we're not
00:10:30 able to and Stellantis has decided to go ahead with its intent of selling Frampton which is
00:10:38 unacceptable and therefore that's why we're going ahead as well. Our goal is to make sure that we
00:10:50 are able to protect the jobs and so the government of Canada is willing to play its part to protect
00:10:57 the jobs. I've said that numerous times. That's what I've said to the union. That's what I said
00:11:03 to the workers on the picket line. We are willing to play a role. What about all the other tens of
00:11:11 thousands of manufacturing jobs that we've lost since the beginning of 2026? This is the thing
00:11:17 that bothers me about it so much. What they're obviously doing is trying to make corporate
00:11:21 canada slash america the boogeyman here they're trying to say oh those 500 stelco workers are
00:11:29 you know are like that is the responsibility of cleveland cliffs an american company who is
00:11:36 laying off canadian workers i'm sorry we have lost way too many jobs in 2026 for the government to
00:11:44 make Stelco and to make Stellantis the boogeyman we have been losing jobs everywhere so are those
00:11:51 ones the responsibility of the federal government or is there some other boogeyman company out there
00:11:56 who's wrongly laying people off shouldn't they know that they're not allowed to lay off anyone
00:12:01 at any time like they're trying to focus on this minor situation to make it seem as if it's greedy
00:12:08 corporations who are really the problem here when one they're not even the problem in this situation
00:12:13 and two this does not actually make up for the fact that hey we just lost 110,000 jobs
00:12:21 over the last two months or 114,000 jobs over the last two or three months what what's going on
00:12:26 there is that all Stelco well clearly it isn't so what now what are we to do now guys because even
00:12:36 if you successfully sue Stelco and Cleveland Cliffs into re-employing all these people or
00:12:42 getting a deal with rochelle to get all 2 000 of their jobs back now what when it comes to the other
00:12:49 jobs that are being lost all over the place this is what i cannot stand this is clearly a distraction
00:12:56 at the same time i'm happy because it's not working anymore even on cbc shows they're even 0.91
00:13:02 pointing out this is just drawing attention to the fact that the canadian economy sucks and
00:13:07 everyone's trying to get out of it as fast as possible i because we know that right now the
00:13:12 The auto sector is affected by what's going on with the U.S.
00:13:16 We know that.
00:13:18 Where's Carney then?
00:13:19 Why is he not going and signing a trade deal?
00:13:22 As I always say, I'm not saying sign anything that Trump puts in front of you.
00:13:27 And I'm not letting Trump off the hook for having started the trade conflict.
00:13:31 I'm not.
00:13:32 I am keeping Carney on the hook for the fact that he said he could resolve the situation
00:13:37 and then has done nothing to actually resolve the situation. 0.58
00:13:40 In fact, he's making it worse because not only is he not at the table, but we keep integrating closer and closer with China, a country he labeled our biggest national security threat, on topics like steel as well as autos, electric vehicles, which the Americans do not want getting into their country. 0.88
00:13:59 So if you let an inflow of Chinese EVs that not only undermines your own market, but also freaks out the Americans, you will never get a trade deal. 0.79
00:14:09 It is making it worse over time. 0.97
00:14:11 And Carney seems to have acknowledged this in other interviews, that his integration with China has distanced himself further from the Americans.
00:14:19 That's why we're helping a lot of auto companies.
00:14:23 That's why, notwithstanding what's going on with the U.S., we've been able to have good news.
00:14:29 and that's why others other makers are actually doubling down on canada and so we will continue
00:14:36 to be in that solution mode but at the same time the fact that they are willing to sell the plant
00:14:42 and they've said that they would be selling the plant is a violation of the contract so as a
00:14:47 former litigation lawyer it is clear to me that we need to proceed what remedies can you have
00:14:53 what you actually have and by the way she still has not even sued stelco that one's been going
00:14:58 on for like a month and a half at this point and all she's done is just posted random statements
00:15:03 on twitter apparently just continuing to threaten that she might do something at some point and all
00:15:09 the tools are on the table but never has actually pulled the trigger probably because she knows that
00:15:14 she would lose these cases and so the most she can do is just sit there and pretend to be tough
00:15:20 while everyone knows she's never going to do something tough because she's in the wrong so
00:15:25 we're willing to hear their response meanwhile the government of ontario and the government of
00:15:30 canada will be also meeting uh with the global ceo antonio filosa which i had numerous conversations
00:15:37 with and i'm always willing to be in solution mode yes do you actually have for a breach i mean like
00:15:45 obviously you've spoken about the money and you know the provinces mentioned that too but yeah
00:15:50 what other remedies do you have and could any of them potentially block the sale so this is a
00:15:55 different cause of you're referring to another potential uh case which is telco which is an
00:16:02 investment canada act and under the investment canada act because it was a foreign buyer i have
00:16:10 the uh authority uh through a court process to force uh the cell in this case it is the fact
00:16:17 So what she's saying in the Stelco situation is that because Stelco is a foreign buyer,
00:16:24 Cleveland Cliffs is the parent company, an American company,
00:16:28 and they had purchased the Stelco steel company that was going out of business.
00:16:32 And, you know, obviously that would have meant a lot of workers were going to be laid off.
00:16:38 Stelco in 22 or 24 or something like that, or I think it might have been, yeah, it was in the 2020s.
00:16:43 They came in, purchased Stelco, Cleveland Cliffs did, and preserved all those jobs.
00:16:49 But because of the heavy steel tariffs from the United States, the Stelco CEO, I forget what his last name is, is like Gonglaves, which people told me I say wrong.
00:16:58 He even said like, well, am I really supposed, I'm not allowed to lay anyone off even temporarily during the trade conflict, which makes much of our steel production worthless because we can't trade with the United States and we have no ability to stockpile it.
00:17:11 obviously I'm not going to employ people to sit around doing nothing while we can't do anything
00:17:16 productive. She's saying because they temporarily, maybe it's permanent, but he said it's temporary,
00:17:22 because they temporarily laid off 500 workers, that she using the Investment Canada Act is going
00:17:28 to try and force them because they're a foreign company to sell to a Canadian company who will
00:17:34 then in theory re-employ those 500 people. I'm sorry, what is it going from an American parent
00:17:40 company to a Canadian parent company change about the economic reality of how unviable
00:17:45 the steel industry is without the ability to ship to the United States. That's really the big thing
00:17:51 here. Again, this is all foreign capital investment poison. No foreign capital is going to see the
00:17:59 situation and feel more confident about investing in Canada. Again, you might as well just cover the
00:18:04 entire country in a plastic tarp and put anthrax attacks warnings all over our borders
00:18:10 and this at the time came to see the government to support them in the expansion of their
00:18:20 different plants maybe in windsor maybe in brampton and so that's why it's under our contract
00:18:25 that we uh have we have uh an option well actually we have the right to go ahead and
00:18:33 eventually sue them to make sure that we're reimbursed for hundreds of millions of dollars
00:18:37 that's the only remedy that's available to you at this point well we also can work with the company
00:18:43 to find solutions and we've done that with uh we we've worked actually with honda with toyota
00:18:51 with ford and so there are options on the table i don't want the workers in brenton to think that
00:18:57 we're letting them hanging right now not at all i've been at this for a year and i want a solution
00:19:04 because i want the workers to be able to go back uh to to to their plant and and and be proud of
00:19:11 what they do i'm sorry how have you been how have you taken over almost a year to come up with a
00:19:19 solution to this problem at the very least let's say a lot of this is happening to her and she's
00:19:24 not the one causing the problem although we know that she's causing many of the problems here let's
00:19:28 assume she's not the problem at the very least she is a problem from the perspective that she has
00:19:33 nothing she has no clue what she's doing so why is she still the industry industry minister
00:19:39 mark carney could fire her if he's the guy who cares about performance and he comes from the
00:19:45 private sector in the banking sector and he knows how to operate a big entity a big organization
00:19:52 like the government, shouldn't he be getting rid of her if she has been proven to be incompetent 0.97
00:19:56 as well as dishonest? The only problem is that Mark Carney would have to fire himself because
00:20:01 he is indulged in the exact same lies and excuses that Melanie Jolie has. We have a little bit more
00:20:07 here. And then she made it even worse this morning because then she did another press conference 1.00
00:20:11 with, I believe, the Ontario industry minister or someone from the Ontario government where she
00:20:17 claimed that she's still in solutions mode and she still doesn't know what to do here. It's like,
00:20:21 It's almost like, you know, you're stuck and you're just blathering to try and fill time until the scandal goes away, pretending like you're going to do something any day now.
00:20:31 So you've asked a question already. Yes.
00:20:34 What did you actually achieve? What did you hear from Stellantis?
00:20:37 Is there any hope that perhaps they would reconsider?
00:20:40 Is this a done deal and now you're just kind of fighting it out with the cash?
00:20:42 So that's a question you should ask to all.
00:20:45 I think that I make clear what the government of Canada was going to do.
00:20:50 not only to hold Stellantis to account because they're on the hook,
00:20:54 but at the same time, making sure that we can be there to support the company.
00:21:01 And so that's been clear to everyone in the meeting.
00:21:07 And next steps, I've said it, is really to make sure that we can meet the global CEO
00:21:13 along with the government of Ontario.
00:21:16 What does meeting them actually do here?
00:21:18 But I can cut it off here.
00:21:19 There's only a little bit left anyways. It was a disaster. It just looked bad. She looks unorganized. She looks like a complete amateur. Talking about these issues, she just clearly does not have anything.
00:21:32 And this was her today. Colin DeMello here from Global News in Ontario says,
00:21:39 Federal Industry Minister Melanie Jolie says both levels of government are still in solution mode to prevent the sale of the Brampton Auto Assembly plant.
00:21:47 Politicians will be presenting new scenarios to Stellantis' global CEO.
00:21:53 Like, I thought you were just going to hold him accountable. Why do you have to present options to him?
00:21:57 It's almost like he's actually the one in the driver's seat here.
00:22:00 and what if she was talking about well you know we need hundreds of billions of dollars from them
00:22:04 they're already willing to give you 220 billion a million dollars or not hundreds of billions but
00:22:09 hundreds of millions he's already willing to give you 220 million dollars to reimburse a bunch of
00:22:14 the subsidies that they had gotten and but now like so what were you what else were you looking
00:22:20 for for from them they're obviously not staying but she's just pretending like there might be some
00:22:25 silver lining here when there isn't? So we've put an aggressive package to Stellantis to prevent
00:22:34 the sale. And we are still in solution mode to prevent the sale. Working with the premier,
00:22:43 working with Vic, our goal is to work also with Unifor to find new scenarios. And what came out
00:22:51 of the meeting yesterday, is that we would be presenting new scenarios to the global CEO of
00:22:57 Stellantis, Antonio Firoza, looking forward to having these conversations with him.
00:23:02 And why, so why should it be illegal in her mind for Stellantis to sell to Rochelle? Is Rochelle
00:23:09 not allowed buying a plant currently operated by different companies? Is that illegal in Canada?
00:23:14 Again, if it's not economically viable for them to operate this Brampton plant because
00:23:19 taxes and regulations in the economy are too high why shouldn't they be able to leave and if they're
00:23:24 saying well it's in their contract they can't whether that it's in their contract or not which
00:23:28 they've still never showed us that's asinine and that's going to prevent future capital investments
00:23:33 from being made in Canada because it's just too much of a it's too much of a headache to operate 0.97
00:23:38 in Canada with these people doing crap like this I liked this uh this post from from Tristan Hopper
00:23:46 here tristan hopper from the national post he says reminder that this whole controversy surrounds 0.88
00:23:52 the fate of roughly 2 000 jobs so about enough to cover two days worth of carney's new immigration
00:23:58 plan yeah isn't that a great idea we're having job like we're having mass layoffs right now
00:24:04 across different industries let's bring in nearly a million people in here why not why not bring in
00:24:10 nearly a million more people obviously that will only cause good to happen right now and now
00:24:17 melanie jolie is back at it again for uh eight hours ago this morning she says here is my
00:24:24 statement following my meeting with stellantis the battle oh my goodness she's gonna use the word
00:24:28 battle just stop shut up she says the battle for stellantis workers in brampton is one worth
00:24:35 fighting. One year ago, I stood shoulder to shoulder with the workers on the picket line
00:24:40 in Brampton. I always hate that when government representatives join a picket line. Stop it. Shut
00:24:46 up. You're in government. Lower the taxes. Lower regulations. Make it easier to keep jobs here. 1.00
00:24:53 You're going to join the Unifor workers in a picket line and say, I'm ticked off like you're
00:24:59 ticked off. No, you're not. Shut up. Get out of here. Go get a real job if you suck as the
00:25:04 industry minister. She goes on to say, since then, we've worked in good faith with Stellantis, 0.99
00:25:10 Unifor, and the province of Ontario to find solutions. We've had numerous meetings in
00:25:14 Brampton, Toronto, and Ottawa. I've always been clear, bringing back the jobs is our number one
00:25:19 priority. Stellantis is breaching its contractual commitments to the government, to Canadians,
00:25:23 and most importantly, to the workers. Yesterday, we convened the decision makers of Stellantis,
00:25:29 Unifor, and the province of Ontario. I was clear that our patience has reached its limit.
00:25:34 Stellantis is on the hook for hundreds of millions of dollars.
00:25:38 This is happening at a time when other automakers are doubling down and investing in their plans across the province.
00:25:43 What does that mean?
00:25:44 Does that mean anything?
00:25:46 No, it doesn't.
00:25:48 Stellantis also produces EVs, and the government has just signed a new agreement with China
00:25:54 to not only continue allowing them to dump EVs in Canada,
00:25:58 but to greatly increase the amount of EVs they were going to be able to dump.
00:26:02 I think this year, it was like 38, or the next year is going to be like 38,000 EVs. Apparently, it's going to be punching well over 40,000 or 50,000 now. Why would Stellantis want to stay? To get undermined by China dumping extra EVs in our economy? No, they're going to leave, because they're not stupid.
00:26:19 But anyways, it goes on to say, 0.98
00:26:22 we will meet with the global CEO of Stellantis in the coming weeks
00:26:27 to secure a more acceptable solution.
00:26:30 We will keep fighting.
00:26:31 The workers in Brampton deserve better than this. 1.00
00:26:33 Yeah, I think they deserve better than the stupid theater routine 1.00
00:26:38 that Melanie Jolie is putting on here. 0.99
00:26:40 Again, how does anyone feel confident in the state of the country
00:26:44 with her as the industry minister? 0.99
00:26:47 This is all just pathetic. 0.59
00:26:49 But now I want to jump over to a CBC segment where Rosemary Barton has her normal panel on with Althea Raj, Andrew Coyne, and what's her name? 0.87
00:27:03 Hubert. I forget her name. Why am I forgetting her first name? It doesn't really matter, though.
00:27:08 I just want to show you this because you know you messed up whenever you've lost Andrew Coyne.
00:27:14 He represents basically that soft liberal, you know, swing voter that they relied on heavily in 2025.
00:27:22 Now, he's been a liberal since Pierre Polyev basically became the conservative party leader because, oh, my goodness, conservatism in my conservative party?
00:27:30 No, sir. And then Carney then Cohen left and joined the Carney liberals.
00:27:35 Effectively, he'll still call himself a conservative, but he isn't.
00:27:37 But when you've lost him and he's saying how bad this is, it's because it's really bad because Carney and other fake conservatives like Fred DeLore live for nothing more than to flack catch for the Liberal Party these days.
00:27:50 And when you've lost them and they are unwilling to put on the flack jacket and catch bullets for you, it's because you done messed up, son.
00:27:58 So how has Ottawa handled these talks with Stellantis? And does the battle tell us anything about the challenges the government faces in managing companies affected, in industries affected by tariffs?
00:28:09 I'm Rosemary Barton here to break it all down tonight. Chantilly Baer, Andrew Coyne and Althea Raj.
00:28:13 I want to talk about the specific example, obviously, but I also want to talk about what you all think it means more broadly for how this government approaches these kinds of issues.
00:28:24 and whether, you know, it is a change from the previous government.
00:28:29 Andrew, let me start with you on the specifics of what has unfolded here.
00:28:33 You know, the minister's talking tough, but the jobs are gone.
00:28:36 The jobs aren't coming back.
00:28:38 What they're trying to do now, I think, is get back some of taxpayers' money.
00:28:42 The jobs have arguably been gone for several years.
00:28:44 I mean, the company idled the plant, was it, three, four years ago.
00:28:49 I think we're seeing yet another case.
00:28:52 You know, we had the Stelco thing on before.
00:28:54 the failure of the strategy of trying to either threaten or bribe a company into preserving jobs
00:29:00 in Canada. That marks a point of continuity between this government and the Trudeau government. I know
00:29:05 they like to call themselves Canada's new government, but it's pretty much of a piece
00:29:10 and it doesn't work. When the company decides it's going to take its workers elsewhere or
00:29:15 take the planet elsewhere, it will. You can try and get the money back. Maybe they will,
00:29:20 and maybe they won't. And Stellantis has already offered $220 million back. Now,
00:29:25 maybe the federal government wants more money back. They want every cent of subsidies they
00:29:29 ever gave to Stellantis. But Stellantis has obviously been fulfilling some obligations over
00:29:35 time to keep people employed and to produce things in Canada. And so they're giving back
00:29:40 the money that was maybe going to apply to if they were here for over 20 years. So that's the
00:29:47 way that that strikes me the thing i'm going to call out andrew coin here for hypocrisy is he is 0.98
00:29:53 one of these fools in the media who have been calling the carny liberals a more conservative 0.98
00:29:57 version of the liberal party oh this is a more conservative toned liberal government no it's not 0.99
00:30:03 are you actually swayed by the way that carney gets his suits cut and his socks he no longer
00:30:11 wears crazy socks the way justin trudeau did he actually he has very conservative cuts to
00:30:17 his suits. He has a little bit more of a drape. He doesn't like skinny, skinny fit pants. It's
00:30:22 like, okay, he also governs exactly the same as Trudeau. In fact, why is anyone shocked? He was
00:30:29 his economic advisor and the economy still sucks? You're telling me this for the first time. I 0.54
00:30:36 didn't know this. Who could have guessed if you put the same incompetent person in charge of the
00:30:41 economy, who was previously the economic advisor, that it would still be bad. Impossible. Impossible.
00:30:49 It's never happened. But that's not going to get the jobs back. The only way that we're going to
00:30:53 get lasting jobs in this country is if companies want to put the jobs here because it makes sense
00:30:59 to them as a business proposition. Every time governments try to distort that or distract them
00:31:04 from that, they only build up trouble for themselves because eventually either the threats
00:31:07 so the bribes run out and so do the jobs. But I wonder if that, though, Chantel doesn't speak to
00:31:12 the approach that the prime minister is taking through the budget with the mega productivity
00:31:16 deduction and all those things. Those are things that are meant to attract companies and keep them
00:31:20 as opposed to just throwing money at them. I don't even need to hear Chantel Hubert's
00:31:26 response to that because the question itself is stupid. Why would the mega deduction on new 0.99
00:31:31 capital investments, keep companies that are already here, here. That's the problem with
00:31:37 the mega deduction. It's not a bad idea. It's just an idea unfit for the current problems that we
00:31:42 have. It's not that you can't do it. It's that it only attracts new capital investment. And
00:31:48 eventually that new capital investment will be old capital investment where they can no longer
00:31:53 do the 100% deduction as soon as they buy a capital asset. And then they are suffering
00:31:58 through the same terrible corporate tax rates and regulations that every other company is dealing
00:32:03 with. That stupid article that came out in the National Post the other day, where they were 1.00
00:32:07 saying, oh, Canada now has the lowest corporate taxes in between Europe and the United States. 0.99
00:32:13 It's like, oh, no, no, we've just changed the way that new investments can make deductions on their
00:32:20 taxes. You can do 100% of the asset value in the first year you buy it rather than, let's say,
00:32:27 if the asset was going to last seven years, you can deduct it over seven years. It's not bad,
00:32:32 but that doesn't actually make your corporate tax rate go down. That's just a change the
00:32:36 deductions. The actual overall overall horizon, over the horizon view of how much taxes you are
00:32:43 paying is the same. You were just deducting faster. A deduction now or over seven years
00:32:50 is the same deduction. Now, maybe that frees up a little bit more money to then invest a lot more
00:32:55 in your first couple of years of business? Fair enough. That's not a bad idea. But the idea that
00:33:00 this has somehow changed our tax rates is stupid. You are just getting out of the zone of the 1.00
00:33:06 deduction faster and just paying normal taxes after that. What do I know? Maybe I'm just a fool
00:33:13 who doesn't understand business the way Mark Carney does. Although I also haven't lost our 0.99
00:33:18 economy 114,000 jobs in three months when all you'd have to do is cut tax rates and everything
00:33:26 would be fine income tax rates corporate tax rates all of it and not only would business come back
00:33:32 but government revenues would probably increase from stopping from the from ceasing of chasing
00:33:37 companies over the border like Stellantis and Cleveland Cliffs anyways so with all that being
00:33:44 said thank you guys for watching make sure to like share subscribe and also if you live in the
00:33:50 southwest calgary provincial riding of calgary curry check out my website pinned at the top of
00:33:56 the comments below wyattclaypool.com sign up there and eventually i'll try and give you a call and
00:34:01 see if you want to buy a ucp membership since i am running for the ucp nomination for the riding
00:34:06 of calgary curry for the next provincial election in october 2027 anyways so with that being said
00:34:13 Thank you guys for watching, and I'll see you all later.