00:00:00.000It seems rather obvious that Budget 2026 is effectively an attempt by the Mark Carney Liberals to distance themselves from themselves.
00:00:10.000So much of what is in the budget is either the Liberals quietly dropping some of their previous promises,
00:00:16.000or attempting to make up for Liberal policy failures over the past few years.0.98
00:00:21.000Except the problem is, they suck at lying.
00:00:24.000So every time they go on television or even make a post on social media, it kind of ends up proving the point that they're trying to avoid.
00:00:32.900Like in this interview on Rosemary Barton's show on the CBC, which is extremely friendly territory for the Liberal Party,
00:00:41.420the Finance Minister, Francois-Philippe Champagne, basically admits that Canada is a terrible investment right now.
00:00:48.100At the same time, he is trying to promote Budget 2026 as a big investment in the Canadian economy.
00:01:08.500The economy shed 100,000 jobs over two months now.
00:01:11.640If the budget is, two-thirds of the budget is intended to invest to create growth, when is it coming and when will it translate into jobs for Canadians? Because that's the piece that they might have to wait for, is that fair to say?
00:01:26.620she is trying to be so nice to the liberals here and even she sounds like she's basically dunking
00:01:33.500on them because the liberals are so vulnerable right now on budget 2026 just asking basic
00:01:40.140questions even in the pillowy soft manner that rosemary's trying to do it is still a massive shot
00:01:46.080across the bow of the liberals again it's just so flawed that just asking hey when is the actual
00:01:52.460growth going to happen is like putting a giant hole in their argument because now he's going
00:01:58.320to have to basically tell people, well, it's not going to be right away. Well, then why are you
00:02:02.880guys acting so excited about what you've just done? Well, it takes a bit of time. You look at
00:02:08.080the productivity mega deduction, I'd agree with you. Obviously, one of the things you and I have
00:02:13.060been talking and Canadians is the lack of investment by the private sector. We talk about
00:02:19.220productivity we're talking about innovation and the productivity mega deduction is exactly the
00:02:25.640answer is that to make it is not and by the way the attempt to try and throw the private sector
00:02:33.360on the under the bus is very cute the the private sector is not failing to invest in the Canadian
00:02:40.040economy they don't want to because there is no money to be made you see the private sector is
00:02:45.980selfish for good reason they will not put money into an economy where they were not where they
00:02:52.000are not going to make a good enough profit the mega deduction is kind of misses the point am i
00:02:58.740against the liberals mega deduction policy it's not a bad idea having for a couple of years
00:03:04.140companies can write off 100 of the cost of a capital asset rather than doing it over the
00:03:10.000lifespan of that asset that will kind of boost the economy a little bit here and there but it's like
00:03:15.520acknowledging the problem is too much taxes and regulations and instead of lowering them it's just
00:03:21.840speeding up the at the pace at which a company can deduct capital costs off of its taxes it's like
00:03:30.480almost getting the point that there's too many taxes but it's just allowing people to
00:03:34.480deduct things faster how about just lower the taxes but getting back to it again there's no
00:03:41.040possible there the idea that somehow the canadian government is going to get the private sector to
00:03:48.480throw in with this mega deduction and then a bunch of government spending is foolish it's just putting
00:03:54.240a hat on a hat the liberals have been trying the same thing for the past 11 years but don't worry
00:04:00.400guys it's going to happen this year sure that we grow more that we invest more in canada so that
00:04:07.120is going to take some time that's why we say the bridge to a better future and then in the meantime
00:04:13.120you need to support canadians but i would say you know i'm here in montreal when you invest in
00:04:17.920doubling the port capacity obviously this is going to create economic growth when you're talking
00:04:23.360for example about the darlington nuclear reactor when you sorry it's obviously going to create
00:04:28.480economic growth no it's not we're actually losing manufacturing jobs right now in quebec
00:04:34.880there in theory should be enough port capacity to ship out the products that they make the problem
00:04:41.500is it's just not actually economical to make things in Quebec right now that's the problem
00:04:47.020you can have as much port capacity as you want if no one wants the products then you're not
00:04:51.900shipping anything out in fact those ports will probably be used to import things into Canada
00:04:56.400increase the electric capacity of the country we know that countries of the 21st century that are
00:05:02.460going to succeed are going to be the ones who can produce more electricity we talk about the
00:05:07.700capacity we're going to double that and if you look at them oh wow they're going to double it
00:05:12.100they're going to double the port capacity they're going to double our electrical capacity when it's
00:05:17.600like all these things are like a decade and a half away from actually happening if it even happens
00:05:22.620on time but the thing is if you actually care about growth where's your immediate growth
00:05:28.040strategy the best they have is the mega deduction which is temporary and it doesn't really excite
00:05:35.140companies that much because they work at a large scale they know how to deduct something over seven
00:05:39.680years instead of one it doesn't really affect them that much they want to pay less taxes overall not
00:05:45.800deduct slightly faster mega trends you know mega trends don't lie mega trends are around critical
00:05:52.040minerals energy and artificial intelligence and i would say canada is well positioned in all three
00:05:59.080of them so it's an ambitious plan to grow the economy but at the same time taking care of people
00:06:05.320and for example our generational uh investment to make sure that we would take the step to end
00:06:11.240homelessness in our country uh to me that's also a major uh flagship announcement in the budget
00:06:17.880We're going to work with municipalities, with the provinces.
00:06:20.620There's about 65,000 Canadians which suffer from homelessness.
00:06:24.960And in a rich country like Canada, we need to take care of each other.
00:06:28.740So, yes, you go to the economy, but you take care of people at the same time.
00:06:33.320Guys, the promise to end homelessness in the budget is the equivalent of jangling keys in a baby's face.
00:14:47.240I believe when he became the prime minister,
00:14:49.360The liberals were at like 260,000 or something new starts every year, and then it was like 248, then 232, and it just kept going down and down.
00:14:58.980I think we were in like the 220s at one point.
00:15:01.820There was just nothing getting built because it's about regulations and taxes.0.95
00:15:06.980If you cut those two things, you might see better results, and then Francois-Philippe Champagne will have to look like a schmuck going on Rosemary Barton's show0.86
00:15:15.520and vaguely blaming the private sector for not throwing in enough with the government to invest in the Canadian economy.
00:15:22.680Do you want to see a chart, again, another great one from Kirk Lubomov here,
00:15:26.040that demonstrates just how pathetic the actual Canadian economy currently is under the Liberals.0.81
00:15:33.840Check out this one. Kirk Lubomov here says,0.97
00:15:37.100Canada's economic growth is government debt-fueled.
00:15:40.620Since 2019, Canada's economy has grown 11.7%.
00:15:44.760Government investment is up plus 22.9%.
00:15:49.160Government investment is up 2.7%, or business investment is up 2.7%.
00:20:20.020It's not going to Northern Perspectives.
00:20:21.300It's not going to any actual conservative Canadian artists I know who work independently, because there's probably some like there's probably some sorting mechanism that comes down from on top where they are going to only some people are going to be declared truly Canadian artists who can get the who could qualify for the artist or creative tax exemption.
00:20:45.660And it's all going to be government people who are already getting paid massive amounts of taxpayer dollars to produce work that nobody likes or watches,
00:20:53.020rather than people who actually do stuff that individuals actually like, who maybe need a little bit of a boost because it's hard to be an artist.
00:21:01.740It's not hard to be a state CBC or a CTV News or global TV artist or any of these other people creating documentaries and APTN shows that nobody watches but are taxpayers subsidized.
00:21:16.440It's just maddening that this is the type of thing that they think is going to, like, I guess, bring back the Liberals, like, polling numbers on these issues.
00:21:25.720The Liberals are actually falling really hard right now when it comes to the way that they're dealing with the economy, jobs, as well as government spending.
00:21:33.800They were already falling pretty steeply in the latest advocacy data poll on those issues, and that was before the federal budget came out.
00:21:42.380That was before the October jobs report came out, showing that we lost another 4,700 jobs on net, despite the fact the government hired, like, what was it, like, 48,000 public servants?
00:21:54.200I thought we were reducing the amount of public servants.
00:21:57.000In fact, the amount has actually gone up over time.
00:22:00.220Check out this clip of François-Philippe Champagne
00:22:04.180trying to play up the, I guess, the glories of the budget
00:22:08.620back in question period or in Parliament.
00:25:49.960Because in Canada, we know we're not perfect, but we always strive to be good.
00:25:55.420We do things because they're right, not because they're easy.
00:25:59.720Ending homelessness is hard, and it's good, and it's right.
00:26:04.820will but you can't with your approach you can't but it's the right thing to do so we're going
00:26:11.620to spend even more money on it it will require more than compassion it will require ambition
00:26:18.420execution and partnership amongst all levels of government with contributions from philanthropy
00:26:24.500and business okay i'm hearing a lot about that we're going to spend money but how is that money
00:26:34.180going to get butts off of streets because again if you actually look at the problem long enough
00:26:39.700you have to conclude it's a it's a drug problem people are on drugs and they are just literally
00:26:45.940helpless in terms of you can't help them unless you basically force them to get clean which the
00:26:52.020only province doing that at the moment is alberta which that's why drug deaths in the city of
00:26:57.940calgary have gone down 60 percent now maybe drug deaths just due to just due to trends when it
00:27:05.280comes to just addiction and homelessness has gone down slightly elsewhere but it's gone down
00:27:10.580massively in alberta because if someone clearly has no ability to actually get clean themselves
00:27:15.840they cannot voluntarily detox then they are forced to detox and it's working but that's not what the
00:27:21.840liberal government's doing in fact they resist those policies and they subsidize the decriminalization
00:27:27.640programs of people like toronto mayor olivia chow and the former bc premier david eby even
00:27:33.960though clearly the problems were getting even worse in those regions we just kind of let them
00:27:39.240rip on it like what are what no stop like we keep doing the same thing over and over again while
00:27:45.460places like alberta and saskatchewan do it right and actually see dividends on their investments
00:27:50.860And but no, we're going to we're going to guys tripling down is the way forward. If we do the same Justin Trudeau liberal policies again harder, then everything will eventually break through to the other side and we will live in like a utopia where everyone has, you know, some CBC subsidized art jobs and we'll be growing the economy based on documentaries about, I don't know, Tommy Douglas.
00:28:16.180modernity is really fun isn't it guys oh is there anything else i need to bring up here
00:28:24.060huh oh the one thing i do want to highlight is this video from pure poly of i do want to give
00:28:32.480the poly of conservatives a lot of credit that they are steering into the immigration issue in
00:28:37.100a very smart way previously i've always found their kind of soft chewing around it they just
00:28:43.340need to commit to less immigration and i'm very happy that that is what the poly of conservatives
00:28:49.180are doing now not just don't raise it less whatever the rates are right now reduce them
00:28:54.700even more we should be having less we should probably put a cap at 50 000 new permanent
00:28:59.500residents per year for like a decade and we should be trying to make sure as many people are leaving0.99
00:29:04.780as possible which all you have to do all you have to do to do that is just make sure that people
00:29:09.260actually leave and they have their permits pulled uh what like for if they overstay visas because
00:29:14.520then you can't really work anymore businesses would obviously be fined if you were employing
00:29:18.180those people that's all we need to do and it would solve so many problems even more immigration what
00:29:26.680yeah well that's mark carney's latest levels plan which he published late last week it foretells
00:29:32.540increasing permanent immigration up to 650,000 people in 2027. That will be an all-time annual
00:29:41.320record, 200,000 more than the highest year under Trudeau. This is bonkers. And then he went further
00:29:47.080on Friday. After Parliament closed for 10 days, he snuck out changes to the temporary foreign
00:29:53.100worker program that will allow corporate power brokers to bring in even more low-wage temporary
00:29:58.620foreign workers that will drive down jobs for Canadians. This is insane. Population growth
00:30:03.720already outstripped housing, health care and jobs for a decade. Criminals and terrorists have gotten
00:30:08.180in through open liberal borders. And now Carney wants even more numbers. How could the liberals
00:30:14.260make this mistake? Or is it a mistake? No, it's part of a plan. The prime minister's ambassador
00:30:20.460to the US, Mark Wiseman, and the head of Carney's investment agency, Dominic Barton, two big
00:30:26.100corporate power brokers founded something called the Century Initiative. It's a plan to grow
00:30:30.760Canada's population to 100 million people. Why, you ask? Well, mass migration makes corporate
00:30:38.140power brokers a lot richer. They can lower wages with an endless supply of poor foreign workers1.00
00:30:44.300who come in and accept less. And they can charge a lot more rent when the housing market gets
00:30:49.780overwhelmed with too many people. But that destroys the working class who pay more to get less.0.80
00:30:56.100And while Carney pretended to change course in immigration, it was all talk and no results like everything else.0.99
00:31:03.080And he's actually more right about that than you may first assume.
00:31:06.240It's not just that Mark Carney previously had kind of winded numbers down and then he's raising them again.
00:31:11.680He never really lowered immigration rates in real terms.
00:31:16.620What they did was they lowered the amount, they halved the amount of temporary foreign workers coming in
00:31:22.020and they even lowered the amount of students and permanent residents.
00:31:25.100But they massively increased the amount of visa renewals so that nobody was going home, but just fewer people were coming in.
00:31:33.280But on net, we were still bringing it.
00:31:35.340We still had more foreign workers in the country than we did under Justin Trudeau, even after the absolute crazy years after the pandemic.
00:31:43.260Like what? And then so this is why the good thing is that the poly of conservatives are not only reacting to a trend of immigration becoming a bigger issue.
00:31:52.200They're also helping grow the trend themselves.
00:31:55.100because in the abacus data polls we have seen immigration go from a 12 14 issue in terms of
00:32:02.380canadians picking immigration as one of their top three big issues obviously things like cost of
00:32:06.860living tend to make the vast majority of people's uh top three but immigration went from you know
00:32:13.18012 14 of people picked it as a big issue up to 24 and that's definitely going to rise after the
00:32:20.060federal budget was tabled where they were proposing this on nearly 700 000 increase the population
00:32:27.100every year this is going to be a big issue for the conservatives if they handle it properly
00:32:32.620do not go soft call on actually polar opposite uh like rates on immigration from the liberals not
00:32:40.380just well i think it should be 200 000 permanent residents per year not 380 no you should say it
00:32:46.380It needs to be 50,000, maybe 70,000 only.
00:32:50.420We'll have a very aggressive point system on choosing people who actually add to the economy
00:32:54.800and do not pull more taxpayer resources than they actually contribute in in their own taxes.
00:33:00.460That's what we need, and we actually need the population to go down0.97
00:33:04.040because our country is so overheated right now from migration,
00:33:08.400and it's affecting things like jobs, health care, housing, all of that stuff.
00:33:13.520This is a pitch that the poly of conservatives should continue with, but also strengthen over
00:33:18.420time. You don't have to be like the Dominion Society nutcases who just want to start kicking
00:33:23.660people out of the country for like not being like a heritage Canadian. Anyone from around the world
00:33:28.320could in theory be a good Canadian. That doesn't mean that we have to be blind to the fact that
00:33:32.720yeah, if you import 100,000 people completely sight unseen from Gaza, that things will go well.0.93
00:33:39.160Obviously, they will not the rate of people who could probably make a good Canadian from that0.97
00:33:42.740region of the world is probably low single digits. You go to somewhere else like, you know, France,
00:33:48.500obviously the rate's going to be higher. If you go somewhere like Somalia, it's going to be much0.97
00:33:53.280lower. If you go to India, who knows, but people actually need to apply at the door, go through the1.00
00:33:58.540point system. We need to evaluate, is this person going to be a net economic asset, and are they
00:34:03.860going to assimilate? Could be anyone from any place, but that doesn't mean that we should be
00:34:08.820just stupid and letting anyone in but that also doesn't mean that we should just be completely0.90
00:34:13.220writing off any like countries that the dominion society doesn't like because that is a type of1.00
00:34:19.160dumb extremism that will feed into the liberals narratives that oh my goodness people only oppose0.84
00:34:24.220immigration because they're racist or something no it's a numbers and a cultural assimilation0.99
00:34:30.780thing if people can assimilate they can be here if they can't they can't be here i'm not going to go0.97
00:34:37.260into this stupid argument where well unless somebody had landed in gaspy back in 1530 then0.99
00:34:44.420i don't want their family here guys there are immigrants who are better canadians than people0.99
00:34:49.960who are like 15th generation quebecers a montreal leftist is less of a canadian to me than a first1.00
00:34:56.800generation immigrant who's actually like like you know demonstrates canadian values i don't really
00:35:02.620care where they're from just have actual canadian values and don't try and rock the boat0.97
00:35:07.080If anything, we should find a way of deporting the 15th generation Montreal communist.
00:35:12.560Anyway, so with all that being said, thank you guys for watching.