The National Telegraph - Wyatt Claypool - May 18, 2025


Liberals LIED about “Elbows Up” tariffs - Carney silently removed mid election


Episode Stats


Length

15 minutes

Words per minute

188.07831

Word count

2,988

Sentence count

177

Harmful content

Misogyny

5

sentences flagged

Hate speech

4

sentences flagged


Summary

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

Mark Carney is the new Prime Minister of Canada, and he's already proving to be a bad liar. He's been lying about his economic plan for a long time, and now there's a new piece of evidence to prove it.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey guys, Wyatt Claypool here.
00:00:03.100 I can already feel that the two major themes of Mark Carney and the Liberals' new government
00:00:08.700 is going to be massive liberal voter regret and breaking of promises,
00:00:13.920 and those two are very closely tied together.
00:00:17.400 My goodness, I actually assumed Carney was going to be like a bit of a faux-moderate,
00:00:22.720 pretending to be moderate in his rhetoric and the surface-level ideas of his policies,
00:00:28.040 but then under the surface is going to be actually quite radical with the things he does through the bureaucracy.
00:00:34.060 No, he's just blatantly Justin Trudeau 2.0.
00:00:37.900 He ran on having a very different type of government philosophy than Justin Trudeau.
00:00:42.820 He even said on the debate stage to Pierre Polyev,
00:00:45.500 Mr. Polyev, I'm not Justin Trudeau.
00:00:48.140 And then he just gets rid of all the people he put in his mini-cabinet before the election
00:00:52.580 and then just puts all the Trudeau people back in afterward.
00:00:55.500 You can't even make up how blatant it is.
00:00:58.540 It's so stupid.
00:00:59.640 He didn't even wait six months and then do a bit of a cabinet shuffle,
00:01:02.840 then bring back the old people. 0.97
00:01:04.480 It was, he put people like Nate Erskine-Smith in the cabinet.
00:01:08.580 He put that lady as house leader I'd never heard of before
00:01:10.920 and a few other kind of out-of-the-box choices,
00:01:13.380 and then just immediately threw all those people under the bus after the election
00:01:17.260 and brought people like Sean Frazier in and Chrystia Freeland back in. 0.85
00:01:20.480 And so blatantly just a bait and switch on liberal voters who, again,
00:01:25.620 actually genuinely assumed that this was going to be different.
00:01:29.460 I already showed you the other day Andrew Coyne and others thinking like,
00:01:34.380 oh my goodness, we've been had.
00:01:36.460 I'm like, yeah, you've been had, not us.
00:01:39.300 Goodness, we were telling you that it wasn't going to be any different.
00:01:42.160 And we've had other things like he's a shrewd fiscal manager
00:01:45.620 who's going to put Canada on a more steady path than Trudeau.
00:01:48.840 And unlike Trudeau, he can't even put a budget together.
00:01:51.540 Yeah, like Justin Trudeau's budget sucked, but he had a budget.
00:01:55.580 Carney's like, that's difficult.
00:01:57.180 That involves like math and stuff.
00:02:00.100 I don't like numbers, you know.
00:02:01.820 I like economics.
00:02:03.440 I like math, but I don't like numbers.
00:02:05.380 So if you start putting numbers in front of me, I don't want to see them.
00:02:09.220 But he just wants to be able to write himself like OYC,
00:02:12.040 like order in council, checks to his various departments,
00:02:15.520 which is probably a way of him nickel and diming the government
00:02:17.960 into even higher spending.
00:02:20.320 But if you do it a little bit at a time,
00:02:22.980 the complicit media is not really going to report on it
00:02:25.740 and show how your spending is like record-breaking and irresponsible.
00:02:30.500 And now there's been a new lie and broken promise
00:02:33.880 that's been revealed over the past few days.
00:02:36.300 And I just want to go over the post that conservative MP
00:02:39.820 from Thornhill, Melissa Lantzman, made
00:02:41.620 because she does a very good job breaking this down. 0.95
00:02:44.820 So remember the whole elbows up thing during the federal election?
00:02:49.400 Mark Carney and the liberals are going to go elbows up
00:02:51.600 against Donald Trump and the Americans.
00:02:53.440 They're going to be so aggressive in fighting back
00:02:55.540 against the American trade war.
00:02:57.560 We're going to not only, but we're going to counter-terraffal
00:02:59.640 and like, you know, send tanks across the border.
00:03:02.420 We're going to take Montana as our 11th province
00:03:05.080 just to show them up.
00:03:06.560 In the middle of the election,
00:03:07.780 it has now been revealed that he just dropped his own counter-tariff.
00:03:12.180 The counter-tariff lasted five seconds.
00:03:14.360 It was always elbows down.
00:03:16.080 It has never not been elbows down.
00:03:18.700 And Melissa Lantzman, what she reveals here,
00:03:21.560 or at least her reporting on what the Bloomberg report on,
00:03:25.200 is quite incredible.
00:03:26.200 So this is going to be a lot of reading,
00:03:27.900 and I will be linking this tweet from her in the description below
00:03:31.660 if you guys want to go check it out.
00:03:33.280 Like, send it to your liberal friends.
00:03:34.720 Have them read it and justify voting liberal now that they know this.
00:03:39.380 But Melissa Lantzman here says,
00:03:40.880 So get this, Bloomberg is reporting that Carney secretly dropped
00:03:45.680 the U.S. tariffs mid-election,
00:03:48.420 but he continued to tell everyone he didn't.
00:03:51.400 Mark Carney has made a very bad habit of lying to Canadians.
00:03:55.320 He lied about his tariff plan,
00:03:57.040 and now he's hiding his economics plan.
00:03:59.620 April 11th, Carney's cabinet secretly removed the tariff
00:04:02.900 on most American goods.
00:04:04.780 Here are the lies by date.
00:04:06.180 So six days later, on April 17th,
00:04:09.180 I'm just going to read portions of this
00:04:12.180 because they're long quotes,
00:04:13.320 and the bold parts are the parts that matter.
00:04:15.940 So he says,
00:04:17.180 I've managed crises over the years.
00:04:20.240 I built strong economies.
00:04:22.080 We'll fight back with counter tariffs.
00:04:25.040 Now April 20th,
00:04:26.220 we can kind of scroll down here a little bit further.
00:04:30.200 We don't like Trump here.
00:04:31.960 We don't like Trump here.
00:04:33.400 Ruptured the global economy
00:04:35.080 and changed forever our relationship with the United States.
00:04:38.280 That old relationship is over, unfortunately.
00:04:41.260 It is a tragedy.
00:04:42.480 It is a tragedy.
00:04:43.820 But it's the new reality,
00:04:45.400 and we're responding.
00:04:46.520 And now here's the bold text from this April 20th quote.
00:04:49.760 We are responding with purpose and with force.
00:04:52.400 We are fighting.
00:04:53.220 We are fighting back with tariffs of our own
00:04:55.060 that are causing maximum damage to the United States
00:04:57.480 with minimal impact here.
00:04:59.420 Okay, April 27th, Carney says,
00:05:01.700 we are fighting the Americans. 0.89
00:05:03.440 We're fighting them with our own tariffs
00:05:05.580 that are having maximum impact to the United States
00:05:08.120 with minimum impact here.
00:05:09.940 Elbows up.
00:05:11.080 Elbows up, he said.
00:05:12.700 Yeah, so three times,
00:05:15.200 at least just here,
00:05:17.140 I guarantee he said it more than just those three times.
00:05:20.040 He is saying,
00:05:20.820 we are elbows up,
00:05:21.700 and we have counter tariffs on the United States.
00:05:23.780 One was said six days after.
00:05:27.300 One was said nine days after.
00:05:29.380 And what was the other one?
00:05:30.560 I think it was said,
00:05:31.820 it was said like,
00:05:33.580 yeah, it was said like 16 days after
00:05:36.680 that we have counter tariffs on in the U.S.
00:05:38.940 You cannot pretend you didn't know
00:05:40.800 that you took them off.
00:05:41.940 That would have had to have been his decision.
00:05:43.860 So he literally probably signs a agreement
00:05:47.220 to remove them
00:05:48.140 or orders his bureaucracy to remove the tariffs,
00:05:51.060 and he continues saying that the tariffs are in place.
00:05:55.860 That is absolutely wild that you can get away with that.
00:05:59.080 Like, that should almost be like a crime
00:06:01.480 to just run on something
00:06:03.040 that you as the prime minister
00:06:05.220 know that you are not doing.
00:06:06.800 You cannot say I've done this
00:06:08.320 and then that is blatantly not even happening
00:06:10.520 unless he's going to pretend
00:06:11.560 because he had maybe a few million dollars in tariffs
00:06:13.920 on the United States
00:06:15.160 after he removed the vast majority of them.
00:06:17.380 That that was his maximum impact low,
00:06:19.800 like maximum impact on the U.S. plan.
00:06:23.260 He's just lying.
00:06:24.300 Let's just be very clear.
00:06:25.480 He just lied.
00:06:26.720 That was it.
00:06:27.720 And again, people would have said,
00:06:29.400 well, we have to vote for Carney.
00:06:31.240 We can't trust Mr. Polyev.
00:06:33.220 And here's, I just want to jump over
00:06:34.520 to this clip from the CBC.
00:06:37.600 There are even liberals now having to,
00:06:40.200 like I've highlighted in other videos,
00:06:41.440 there are liberals even taking issue
00:06:43.460 with what Carney's doing.
00:06:44.940 This Raj lady, 0.92
00:06:46.940 who's usually like a very unhinged liberal talking head,
00:06:50.400 is saying that it's like blatantly insulting
00:06:52.740 how Mark Carney has been conducting himself
00:06:55.260 on the budget.
00:06:56.540 It's about you ran on being like the economic stewards
00:07:00.380 and having more economic cred than Pierre Polyev.
00:07:03.240 And the first action is telling Canadians,
00:07:05.120 no, you're not going to take Parliament seriously enough
00:07:07.380 to introduce a budget
00:07:08.200 and give people a snapshot of where you're going
00:07:10.860 and how much it's going to cost
00:07:11.940 and what you think the challenges are in the future.
00:07:13.900 Like, no, it's completely inappropriate
00:07:16.240 and the Conservatives are right
00:07:17.660 and the other opposition parties
00:07:19.580 should probably gang on
00:07:21.200 and complain that the government is railroading
00:07:24.240 and acting in completely unacceptable ways.
00:07:26.860 And this is not a standard that you want to set
00:07:28.540 because the next government
00:07:29.520 will do exactly the same thing.
00:07:31.120 I like how even that,
00:07:32.420 because she's a liberal at the very end there,
00:07:33.880 she has to basically include the fact that,
00:07:35.820 well, it's bad because another government
00:07:38.140 might take this president and not pass budgets. 0.89
00:07:40.860 Like, I'm pretty sure that the bad part
00:07:42.800 is the fact that they're just not going to pass a budget
00:07:44.840 in the here and now,
00:07:46.360 not that, you know,
00:07:47.240 someone's going to take the wrong lesson from this
00:07:49.380 and do it themselves.
00:07:50.500 He's already doing it.
00:07:51.900 Here is Carney talking about the budget
00:07:54.120 in a recent interview.
00:07:55.680 There'll be a budget in the fall,
00:07:58.140 in the short term.
00:08:00.240 It's a very short parliamentary session.
00:08:03.980 He gets to control how long
00:08:06.060 the parliamentary session is.
00:08:07.260 I always love when people will create the problem
00:08:09.500 and they'll be like,
00:08:10.220 look, I can't, I can't operate.
00:08:12.660 There's this problem in the way.
00:08:13.800 I'm like, you put that problem in the way.
00:08:15.440 What?
00:08:16.080 It's coming up.
00:08:16.660 The speech from the throne is on the 27th,
00:08:18.520 as people know.
00:08:19.560 The House is due to rise under the House's rules
00:08:22.120 by the 20th of June.
00:08:24.020 So it's really three weeks.
00:08:26.500 We have some very clear priorities,
00:08:28.460 which, as you know,
00:08:29.660 from following those who follow the campaign,
00:08:32.460 those who followed my remarks,
00:08:33.700 those who followed my opening press conference,
00:08:35.440 would include
00:08:36.240 the federal government
00:08:38.580 taking all the steps it can
00:08:40.000 to help create one Canadian economy
00:08:42.180 out of 13
00:08:42.940 in addition
00:08:44.160 initiatives such as
00:08:46.480 the middle-class tax cut.
00:08:49.240 Okay.
00:08:50.100 It's not a tax cut.
00:08:51.340 It's like a slight tax ease.
00:08:53.860 He is taking, like,
00:08:55.520 the tax on the first $50,000
00:08:58.280 you earn
00:09:00.080 from, like, 15% to, like, 14%.
00:09:03.160 The conservatives were actually proposing
00:09:05.660 2.25%.
00:09:06.940 And honestly,
00:09:08.540 if I'm to critique
00:09:09.880 the conservative campaign,
00:09:11.720 they should have actually probably
00:09:12.740 promised a bigger tax cut
00:09:14.180 and then had an across-the-board tax cut
00:09:16.600 for higher brackets
00:09:17.520 as well as corporations.
00:09:18.780 I think that would have been a good idea.
00:09:19.820 Like,
00:09:20.580 so far,
00:09:22.200 he's going to push forward
00:09:23.660 with a 1%
00:09:24.820 reduction in taxes
00:09:26.620 for people
00:09:27.500 earning under $50,000.
00:09:29.180 It's like,
00:09:29.540 okay,
00:09:30.500 that's not bad.
00:09:31.380 Like, again,
00:09:31.720 I'm happy to get any tax relief
00:09:33.660 for people.
00:09:34.580 At the same time,
00:09:35.380 I actually don't believe
00:09:36.280 people are going to be better off
00:09:37.360 in a year and a half
00:09:38.040 since he's also planning
00:09:39.760 on implementing
00:09:41.100 or, like,
00:09:42.120 continuing to implement
00:09:43.820 the Trudeau-era
00:09:45.800 emissions cap
00:09:48.240 on the energy industry.
00:09:49.500 He wants to increase
00:09:50.860 the industrial carbon tax,
00:09:53.460 which people are losing
00:09:54.620 the rebate
00:09:55.080 for the consumer carbon tax,
00:09:56.940 and you're increasing
00:09:58.180 the industrial carbon tax
00:09:59.300 to make up
00:09:59.860 for the lost revenues
00:10:00.680 of the consumer one.
00:10:02.300 And then he's also going
00:10:03.340 to be putting in place
00:10:04.240 a carbon border adjustment,
00:10:06.540 which is a carbon tax tariff.
00:10:09.040 So, like,
00:10:09.620 where is the actual,
00:10:11.080 if we have any savings
00:10:12.760 after a year and a half
00:10:14.180 of this,
00:10:14.820 of all the other increases
00:10:15.880 he has,
00:10:16.460 and then the small decrease,
00:10:17.740 I would be shocked.
00:10:19.000 There will be a budget
00:10:19.700 in the fall.
00:10:20.820 Abigail Beeman,
00:10:21.680 CTV News.
00:10:22.500 To that point,
00:10:23.400 with your economic experience,
00:10:24.740 as a former governor
00:10:25.740 of two central banks,
00:10:26.680 why not present Canadians 0.97
00:10:28.280 with a budget
00:10:28.760 at the very first opportunity?
00:10:30.000 Well, this is,
00:10:30.500 in fact,
00:10:32.360 based on my economic experience.
00:10:34.480 There is not much value
00:10:35.920 in my judgment,
00:10:37.000 and it's considered judgment,
00:10:38.740 and it's judgment
00:10:39.280 based on experience,
00:10:40.720 that there is not much value
00:10:42.900 in trying to rush
00:10:44.700 through a budget
00:10:45.420 in a very narrow window,
00:10:47.880 three weeks,
00:10:48.760 with a new cabinet,
00:10:50.940 effectively a new finance minister.
00:10:53.000 You can actually make adjustments
00:10:54.500 to the budget later.
00:10:55.480 People just want
00:10:56.420 a general trajectory.
00:10:57.940 Why does it take
00:10:58.700 to, like,
00:10:59.280 the end of the year
00:11:00.160 to do it?
00:11:01.160 Like,
00:11:01.380 I don't even think
00:11:02.460 he's doing in the fall
00:11:03.180 because they,
00:11:04.340 Francois Philippe Champagne
00:11:05.720 in finance said,
00:11:07.020 we're not going to get
00:11:07.460 a budget this year.
00:11:08.520 Carnian is, 0.93
00:11:09.040 in fact,
00:11:09.280 walking back to saying,
00:11:10.240 it's now the fall.
00:11:11.300 I think they were just
00:11:12.020 wanting to operate
00:11:12.720 without a budget
00:11:13.300 as long as possible,
00:11:14.440 and now they're thinking
00:11:15.600 that maybe the fall
00:11:16.700 is when they now
00:11:17.720 have to do it
00:11:18.520 to prove that
00:11:19.480 they're even somewhat serious.
00:11:20.440 But again,
00:11:20.800 I think that that's
00:11:21.580 just an artificial
00:11:22.400 boundary he set himself
00:11:24.600 that he'll push back
00:11:25.420 later because,
00:11:26.100 again,
00:11:26.320 the way he was running
00:11:27.440 was as if he already
00:11:28.980 had the budget in place
00:11:30.000 and he's going to
00:11:30.480 implement right in
00:11:31.280 as he gets in
00:11:31.940 because his whole thing
00:11:32.960 was he's the guy
00:11:34.200 with the plan.
00:11:35.080 He has a plan
00:11:35.740 and Pierre Polyev
00:11:36.800 does not have a plan.
00:11:38.000 But he doesn't have a plan
00:11:38.820 because apparently
00:11:39.300 he needs to go
00:11:40.020 and find the plan
00:11:41.000 for six months.
00:11:41.780 Like,
00:11:42.280 well,
00:11:42.700 what kind of plan
00:11:43.420 is this
00:11:43.860 when we have to wait
00:11:44.980 multiple months
00:11:45.980 for you to come up
00:11:46.820 with this?
00:11:47.920 Yeah,
00:11:48.480 just reappointed,
00:11:49.480 but a new finance minister.
00:11:50.740 Rush that through.
00:11:52.200 For example,
00:11:52.700 we have a new
00:11:53.980 finance minister.
00:11:55.280 It's like,
00:11:55.640 it's the same guy.
00:11:57.080 Like,
00:11:57.560 it was somebody
00:11:58.180 who was working along,
00:11:59.380 who was already
00:12:00.260 the finance minister.
00:12:02.020 And you said,
00:12:02.680 well,
00:12:02.820 it was Christian
00:12:03.240 Freeland before that.
00:12:04.300 But Francois-Philippe
00:12:05.080 Champagne was also
00:12:05.900 around the finance role
00:12:07.280 even before then.
00:12:08.480 So the idea that,
00:12:09.660 like,
00:12:09.760 oh,
00:12:09.900 he's green,
00:12:10.540 he doesn't know
00:12:10.960 how to put together
00:12:11.500 a budget,
00:12:11.940 he's got to read books
00:12:12.740 or something,
00:12:13.300 is ridiculous.
00:12:13.900 Advance of the NATO summit,
00:12:17.060 which happens
00:12:17.600 after parliament rises.
00:12:19.200 So the NATO summit,
00:12:20.280 23rd,
00:12:20.760 24th,
00:12:21.260 that is going to be
00:12:22.200 a very important event
00:12:23.380 for the security of Canada.
00:12:26.100 But also,
00:12:27.200 it will have fiscal implication.
00:12:28.620 It will have budgetary
00:12:29.600 implications for Canada.
00:12:31.500 That's one example.
00:12:32.800 To have a budget
00:12:34.420 before we substantially advance
00:12:37.300 further our discussions
00:12:39.300 with the Americans
00:12:40.080 with respect
00:12:41.180 to our economic partnership,
00:12:42.360 to have greater clarity
00:12:43.620 around that.
00:12:44.420 I'm not saying
00:12:44.900 we'll have perfect clarity,
00:12:45.920 but to have greater clarity
00:12:46.860 around that.
00:12:47.620 Again,
00:12:48.020 that's another factor.
00:12:48.900 A third factor,
00:12:50.060 one of the things
00:12:51.040 that we emphasized
00:12:52.280 and are working on
00:12:54.440 from the start
00:12:55.460 of this new mandate
00:12:56.240 is improving the efficiency
00:12:58.640 of government spending,
00:13:00.220 looking where
00:13:01.100 we can reduce costs
00:13:03.200 at all possible.
00:13:05.180 I'm just going to say,
00:13:06.160 I don't,
00:13:07.160 again,
00:13:07.920 I sound like a broken record,
00:13:09.480 but it's just
00:13:10.140 how this government
00:13:11.100 is acting
00:13:11.700 that I'm having to react to.
00:13:13.020 I don't believe
00:13:13.880 he's actually going to find
00:13:15.080 any big efficiencies
00:13:16.900 because he knows
00:13:18.640 that much of the liberal vote
00:13:19.900 relies on public sector employees,
00:13:22.580 people that the federal government
00:13:23.680 employs
00:13:24.220 that effectively allows them
00:13:25.880 to own that Ottawa metro area
00:13:28.020 because they get all the votes there
00:13:29.380 and they also have a lot
00:13:30.380 of federal employees
00:13:31.440 in Toronto
00:13:32.000 and elsewhere as well.
00:13:33.600 Do you think
00:13:33.960 he's just going to start
00:13:34.660 slashing jobs
00:13:35.500 that we don't need
00:13:36.260 or is he going to find
00:13:37.080 just other things
00:13:37.840 for them to do?
00:13:38.500 I really doubt
00:13:39.580 he's going to find
00:13:40.160 many efficiencies
00:13:41.080 in the budget.
00:13:42.960 And, like, again,
00:13:43.880 he's been the economic advisor
00:13:45.360 before this
00:13:46.000 for five years.
00:13:47.020 If he was the economic advisor
00:13:48.820 and somehow
00:13:49.980 he has to figure out
00:13:50.760 how to put together
00:13:51.720 a budget quickly
00:13:52.640 in that five years,
00:13:53.780 like,
00:13:54.440 you think he's going to find
00:13:55.660 the efficiencies now
00:13:57.020 when, in fact,
00:13:58.020 it was probably part
00:13:58.840 of his job description
00:13:59.720 to find efficiencies before
00:14:01.140 to make good recommendations
00:14:02.960 to Trudeau?
00:14:03.920 Like, he didn't ever say,
00:14:05.380 well, let's see
00:14:05.960 if there's any double spending
00:14:07.100 going on
00:14:07.680 so we can find
00:14:08.340 a little bit more money
00:14:09.160 to pay for some stuff
00:14:10.000 so we don't get
00:14:11.160 a $62 billion deficit
00:14:12.860 in December of 2024.
00:14:16.040 He didn't do that
00:14:16.780 and they ended up
00:14:17.320 embarrassing themselves
00:14:18.160 to the point
00:14:18.700 where Chrystia Freeland 0.64
00:14:19.540 resigned because
00:14:20.280 it was so embarrassing.
00:14:22.040 But maybe,
00:14:22.560 what do I know?
00:14:23.400 I'm not a numbers guy
00:14:24.820 like Mark Carney.
00:14:26.620 I don't know
00:14:27.160 how to put together
00:14:27.800 a budget in seven years
00:14:29.320 like he does
00:14:30.020 for whatever amount of time
00:14:31.500 he's going to need
00:14:32.080 to put this thing together.
00:14:33.360 Like, also,
00:14:34.480 budgets
00:14:34.800 are not that complicated
00:14:37.080 of a thing to put together
00:14:38.480 for a government.
00:14:39.260 It's not like hyper-technical
00:14:40.840 because most of the time
00:14:41.800 you're just allocating money
00:14:43.020 to the departments
00:14:43.720 and then those departments
00:14:44.720 have people who then
00:14:45.460 allocate it to all
00:14:46.300 the sub-departments.
00:14:47.480 You're more so
00:14:48.200 just trying to make sure
00:14:49.220 that the money
00:14:50.140 generally balances
00:14:51.060 and you can even have
00:14:52.000 a bit of a surplus
00:14:53.180 of funds
00:14:53.940 that are for
00:14:54.820 if departments needed more
00:14:56.580 and they were
00:14:57.140 under-allocated funds.
00:14:58.980 Let's just get something
00:14:59.700 that looks realistic.
00:15:01.280 And the thing is
00:15:01.720 we've had multiple budgets
00:15:02.660 before this
00:15:03.220 that generally show us
00:15:04.100 what you need
00:15:05.000 to run the government
00:15:05.900 unless it's really
00:15:07.300 that he just has
00:15:08.080 so much new spending
00:15:09.120 that he's planning
00:15:09.860 that he's going to have
00:15:11.140 to kind of pump the brakes
00:15:12.280 here and figure out
00:15:12.940 how we can work this thing out
00:15:14.100 without absolutely
00:15:15.120 blowing out the deficit
00:15:16.140 which he's going to.
00:15:17.540 I predict probably
00:15:18.520 an $80 billion deficit
00:15:19.820 this year
00:15:20.380 because there's nothing
00:15:21.360 that tells me
00:15:21.980 that they're not going
00:15:22.720 to somehow
00:15:23.240 increase the past deficit
00:15:25.900 by another 20.
00:15:27.460 Anyway, so
00:15:28.000 that should be it
00:15:29.000 for me today, guys.
00:15:30.220 Make sure,
00:15:30.620 if you like my videos
00:15:31.720 one, thanks for watching.
00:15:33.880 Like the video,
00:15:35.200 subscribe to the channel
00:15:36.040 if you're not yet
00:15:36.580 a subscriber.
00:15:37.660 Leave a comment.
00:15:38.880 What do you think
00:15:39.600 the economic outlook
00:15:40.580 for the country is
00:15:41.620 over the next couple of years?
00:15:43.200 Do you think
00:15:43.480 we have a recession coming?
00:15:44.600 Do you think
00:15:45.000 that you're actually
00:15:45.640 going to be paying
00:15:46.340 less taxes
00:15:47.040 in two years' time?
00:15:49.280 Let me know
00:15:49.920 in the comments below
00:15:50.820 and I will see you guys
00:15:52.440 next time.