The National Telegraph - Wyatt Claypool - May 05, 2025


Mark Carney is already trying to run for Re-Election!


Episode Stats


Length

14 minutes

Words per minute

180.45914

Word count

2,539

Sentence count

136

Harmful content

Hate speech

3

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Summary

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

Wyatt Claypool explains why Mark Carney's immigration plan is actually pretty moderate compared to Justin Trudeau's plan to increase immigration to 5% of Canada's population by the end of the 2027. He also points out that Canada does not actually need more temporary foreign workers.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey guys, Wyatt Claypool here.
00:00:02.680 One thing that Conservative Canadians do need to watch out for over the next couple of years
00:00:07.460 is that it looks like Mark Carney, Canada's Liberal Prime Minister,
00:00:11.880 is already positioning himself to seek re-election.
00:00:15.800 That doesn't mean he's calling an election within the next nine months or a year.
00:00:19.760 It means that he is trying to be smart with his rhetoric
00:00:22.580 in order to hold on to as many moderate swing voters that he won in 2025 as possible.
00:00:28.660 I want to give you guys an example here of Mark Carney saying something
00:00:32.980 that sounds moderate, reasonable, or even reform-minded.
00:00:37.320 But he's not actually reform-minded in any way.
00:00:40.040 He's putting off making real reforms.
00:00:42.920 At the same time, he is going to keep going with the more radical position
00:00:47.340 that Justin Trudeau's government had before him
00:00:49.460 because it is effectively still Justin Trudeau's government.
00:00:53.020 He was Justin Trudeau's economic advisor.
00:00:55.520 But here is Mark Carney speaking on the issue of immigration
00:00:59.520 in such a way that makes him sound like almost a Stephen Harper moderate on the issue.
00:01:04.920 We will return our immigration to sustainable levels 1.00
00:01:08.160 by capping the total number of temporary workers and international students
00:01:12.700 at less than 5% of Canada's population by the end of 2027.
00:01:18.420 By the way, he sounds a lot like Pierre Polyev here.
00:01:22.240 Notice how he basically never talked about immigration during the election
00:01:26.560 because doing so would have led credence to Pierre Polyev's position.
00:01:30.380 But now he's talking about how we need reasonable caps,
00:01:33.120 bring it back down to reasonable rates.
00:01:35.440 It's a sharp drop from the recent high of 7.3%.
00:01:38.420 This will help ease strains on housing, on public infrastructure, and social services.
00:01:44.240 At the same time, we will work to attract the best talent in the world
00:01:49.260 to build our economy.
00:01:50.640 By the way, didn't immigration minister Mark Miller say that it was racist at one point
00:01:57.120 for Pierre Polyev to blame immigration for high housing costs?
00:02:01.420 It was just simple math that if you have not a lot of houses
00:02:04.880 and you have a lot of new immigrants,
00:02:08.040 naturally the cost of each unit is going to go up dramatically.
00:02:11.980 And now at least Mark Carney is acknowledging that reality.
00:02:14.800 But the key word in this press conference answer is 2027.
00:02:20.780 Why not cap it now?
00:02:22.720 Why not?
00:02:23.600 It's simple.
00:02:24.540 He could just basically decree it to be capped and it would be capped.
00:02:27.780 He could pass a piece of legislation,
00:02:29.640 but even then that is something that would have been dealt with in the PMO.
00:02:32.820 There's no law that says what the specific rate is.
00:02:35.700 He can cap it if he wants.
00:02:36.860 He doesn't want to do it until 2027 because he's probably wanting to run for a re-election
00:02:43.020 sometime in 2027 to re-roll his minority government into a majority government.
00:02:49.320 And so what he's really doing is saying everything's going to stay bad for a few more years here.
00:02:54.080 2025, 2026, and until the end of 2027,
00:02:59.060 we can have 400,000 new permanent residents entering the country every single year
00:03:04.280 to be on a pathway to citizenship.
00:03:06.140 And we can also still have hundreds of thousands of new temporary foreign workers
00:03:11.300 and foreign students entering the country as well.
00:03:13.740 And based on the liberal government's complete lack of ability
00:03:17.160 to actually make people leave when their temporary foreign worker visas are expired
00:03:21.680 or deny a renewal, I don't really believe that they're actually planning on making any changes
00:03:28.200 in 2027 because up to this point, you had to drag, kick, and pull them into doing it.
00:03:32.800 Another thing on this issue I do want to say before I move on to some other areas
00:03:36.680 where the full moderation of the liberals is kind of lying about their actual positions
00:03:42.320 is that you don't need temporary foreign workers in order to run the economy.
00:03:47.640 I know people, I've even seen it in my comments sometimes,
00:03:50.240 maybe someone who's a small business owner saying,
00:03:52.640 well, you can't actually get Canadians to work these jobs, 0.89
00:03:55.500 or you need the TFWs because small businesses require cheaper labor in order to survive
00:04:01.100 because these temporary foreign workers, in fact, do have their wages subsidized
00:04:05.700 to the tune of $3.50 an hour by the federal government,
00:04:09.500 which means that the business gets to pay them lower than what the minimum wage is oftentimes.
00:04:13.740 The problem with this is, do you know how you solve this problem?
00:04:17.340 You just cut taxes.
00:04:19.100 That is literally how you get everyone, that's how you make it better to employ a Canadian, 0.97
00:04:25.420 or really just employ anyone you want at whatever wage you want,
00:04:29.580 is if you have the money available to do it.
00:04:31.940 I always find it weird how people will have the actual problem of taxes
00:04:37.600 sort of get superseded in their mind of supporting something like the temporary foreign worker program.
00:04:43.140 So people you would assume should be very capitalistic business owners
00:04:47.200 who should care about just lowering their overtax burden
00:04:50.600 so they can spend their own money on what they actually want to spend it on.
00:04:54.100 They are then almost so beholden to the government's TFW program
00:05:00.140 that instead of criticizing the overall taxation,
00:05:02.900 they then criticize people who want to reduce the amount of TFWs.
00:05:06.640 Make it make sense.
00:05:08.400 It's so obnoxious.
00:05:09.800 But yeah, just cut taxes.
00:05:11.280 That is literally the solution to like 80% of problems in any country.
00:05:15.840 People do not have the money to solve a problem
00:05:17.660 because the government took their money to spend on dumb nonsense.
00:05:20.700 But the thing I also want to point out about this
00:05:23.920 is that when he's saying, oh, it's going to be 5% in 2027,
00:05:27.500 5% capped by the end of 2027, we'll put in place a cap.
00:05:31.280 Well, that's 5% based on the incredible amount of increased population
00:05:38.260 from permanent residents as well over the years.
00:05:42.380 Justin Trudeau at one point for two years
00:05:43.980 had broadened half a million new permanent residents a year.
00:05:47.260 And so the TFW number, it's not like it's going to be fixed at 5%,
00:05:51.940 2 million people out of 40 million.
00:05:54.540 It's going to keep going up as more permanent residents
00:05:58.300 are jammed into the country.
00:05:59.900 Again, he is not going to lower,
00:06:02.500 and he might in fact raise,
00:06:04.440 the amount of permanent residents per year.
00:06:06.460 Right now it sits at 395,000.
00:06:09.240 The Liberal government in the latter years of Trudeau's,
00:06:12.040 or the latter months of Trudeau's time in office,
00:06:14.100 lowered it from 500,000 to around 400,000.
00:06:16.480 And so we will actually have TFWs increasing still every year.
00:06:21.040 The problem in Canada is it's been too many for a long time.
00:06:24.360 It's not that if we cap it, it's okay.
00:06:26.340 The problem is if you keep the rate the same,
00:06:28.600 the problem is going to persist because it's just too much in general.
00:06:32.400 No other country brings in this many foreign workers
00:06:35.060 and lets them stay in the country for this long
00:06:37.380 outside of economies where it's like Singapore,
00:06:40.200 or we're talking about very specific parts of the US in Texas and Arizona.
00:06:45.060 But anyways, one issue I now want to move on to is the issue of energy.
00:06:50.340 Again, Mark Carney has never sounded like a Stephen Gilbeau,
00:06:54.880 the former Energy Environment Minister on the energy industry.
00:06:58.060 He hasn't openly plotted to have the energy industry be phased out
00:07:02.080 because it's destroying the planet.
00:07:03.800 He has always sounded a little bit more moderate
00:07:05.540 that we have to support the Canadian energy industry.
00:07:08.900 But does he actually want to do that?
00:07:10.200 So one thing he did that makes him seem like a moderate,
00:07:13.860 although I consider him a faux moderate,
00:07:15.880 is getting rid of the consumer carbon tax.
00:07:18.480 He supported it for years,
00:07:19.980 even at some point had basically attacked the Conservatives
00:07:22.940 for being against the consumer carbon tax
00:07:24.760 when he was the economic advisor.
00:07:26.700 But now he's gotten rid of it and a bunch of people gave him credit.
00:07:29.540 Oh, Paulie, I've never got rid of it.
00:07:31.220 Yeah, he wasn't in government, goodness.
00:07:33.760 Anyways, so with the consumer carbon tax though,
00:07:36.340 he seems moderate.
00:07:37.560 Look, he lowered the price of gasoline at the pump.
00:07:41.820 But do you know what he's planning on doing
00:07:43.980 in which they mentioned this in the press conference?
00:07:47.300 Raise the industrial carbon tax.
00:07:49.800 He is going to basically compensate for the fact
00:07:52.340 that the consumer carbon tax went down
00:07:54.060 with the industrial carbon tax.
00:07:56.140 So people are losing the rebate they got
00:07:58.460 on the consumer carbon tax,
00:07:59.960 which at least covered some of the costs they were incurring
00:08:02.220 from paying the consumer carbon tax,
00:08:03.980 both on their gasoline and everyday products.
00:08:06.340 But they're going to lose that.
00:08:07.620 But then the industrial carbon tax
00:08:08.980 is going to come up to compensate for it.
00:08:12.040 And then you're not going to get a rebate on it.
00:08:13.520 So prices will go back up
00:08:14.980 without you even getting a rebate.
00:08:17.040 Another thing he wants to do
00:08:18.260 is he wants to put in place a cap and trade system
00:08:20.980 on our oil and gas industry,
00:08:23.120 which is going to be extremely toxic
00:08:25.700 for the profitability of the energy industry
00:08:28.160 in the long run
00:08:29.340 and will probably result again in higher prices.
00:08:32.800 Because a cap on your actual production
00:08:35.320 is also going to reduce your profitability,
00:08:38.120 which is effectively a tax through regulation.
00:08:41.140 And then what he wants to do is another carbon tax,
00:08:45.280 which he calls the carbon border adjustment,
00:08:48.000 where he's putting a carbon tax
00:08:49.860 on any country's imports
00:08:51.520 that are produced in a place
00:08:53.720 that doesn't have a carbon tax.
00:08:55.120 It's stupid.
00:08:56.340 He tries to justify this saying,
00:08:57.620 well, it would be unfair
00:09:00.660 that we pay an industrial carbon tax in this country
00:09:03.400 and other countries don't have to pay
00:09:04.960 an industrial carbon tax
00:09:06.140 and are selling stuff into our country.
00:09:08.060 One, he sounds a lot like Donald Trump
00:09:09.880 when he claims things like that.
00:09:11.620 And two, how about we just get rid
00:09:13.220 of our own industrial carbon tax?
00:09:15.160 Apparently, countries that don't have one
00:09:17.320 can still trade freely into our country.
00:09:19.280 And he justifies it saying,
00:09:20.960 well, we didn't have an industrial carbon tax.
00:09:23.180 We couldn't trade with the European Union
00:09:25.840 and other trade blocs like that.
00:09:29.120 That's nonsense.
00:09:30.420 How does the US, how does Russia,
00:09:33.560 how does China, how does India
00:09:35.820 sell things into the EU
00:09:39.400 and to the United Kingdom without carbon taxes?
00:09:42.300 What a concept.
00:09:44.080 But the thing is,
00:09:44.640 he can hold these two contradictory thoughts in his mind
00:09:46.780 that places that don't have it are undermining us
00:09:49.440 because their industry is able to act
00:09:51.620 to be able to produce more efficiently
00:09:53.160 without having to pay a carbon tax.
00:09:54.740 And that's unfair.
00:09:55.400 At the same time,
00:09:56.360 we need to burden our industry with it
00:09:57.920 because the EU won't buy from us
00:09:59.620 even though the EU buys from countries
00:10:01.240 without an industrial carbon tax.
00:10:03.580 Again, faux moderation.
00:10:05.920 Through his mouth,
00:10:06.740 you will see Mark Carney saying a lot of faux moderate things.
00:10:09.940 At the same time,
00:10:10.940 his actual policy,
00:10:12.280 which he sometimes expresses,
00:10:13.880 but in vague terms like a carbon tax
00:10:19.220 or a border adjustment,
00:10:20.320 a carbon border adjustment,
00:10:21.780 it sounds moderate or it doesn't,
00:10:23.620 you don't really see what it's going to do.
00:10:25.220 But his policy is going to be as bad as Justin Trudeau's.
00:10:29.280 But Mark Carney has been better at pretending that he is a serious-minded businessman
00:10:34.120 who's here to support the economy
00:10:35.900 and, you know,
00:10:36.820 defend Canada against tariffs.
00:10:38.640 By the way,
00:10:39.900 Donald Trump's putting a 100% tariff
00:10:42.220 on any basically entertainment products,
00:10:44.860 films,
00:10:45.600 television shows
00:10:46.440 that are made outside of the United States.
00:10:48.740 And I think that's a stupid policy.
00:10:52.640 But the funny thing is,
00:10:53.920 I'm seeing Canadians then say,
00:10:56.120 this is why we need to fund the CBC harder.
00:10:59.440 And it's like,
00:10:59.780 what are you talking about?
00:11:01.020 You're basically just describing
00:11:02.760 the same policy as Trump from a different angle.
00:11:06.020 He wants to put a tariff
00:11:07.340 on outside films
00:11:08.960 and television shows.
00:11:10.500 And what you want to do
00:11:12.260 is you want to try and force companies
00:11:15.240 in order to pay more for Canadian things.
00:11:18.880 They must show more Canadian television shows.
00:11:20.820 They must play more Canadian music.
00:11:22.660 They must have more Canadians working on their film projects.
00:11:27.380 It is still just an extra cost
00:11:29.940 on filmmakers and film distributors.
00:11:33.200 It always blows me away
00:11:34.780 how people can see these two things.
00:11:36.760 One's an extremely stupid idea from Donald Trump,
00:11:38.900 which is true.
00:11:39.440 And then one is the same thing
00:11:41.120 that Canada's been doing for decades,
00:11:43.180 but just basically making producers
00:11:45.320 pay through different means.
00:11:48.820 Make it make sense.
00:11:49.880 It's so obnoxious.
00:11:51.240 But yeah, on many of these issues,
00:11:52.900 this is what it's going to be like.
00:11:54.860 Carney is going to spend $130 billion
00:11:57.060 in new spending over the next four years.
00:11:59.840 But don't worry, guys.
00:12:01.140 He has enough way of finding efficiencies.
00:12:03.760 He's going to try and get rid of duplicate programs,
00:12:05.860 which is also something that
00:12:06.720 Paulio would have been roasted for
00:12:08.220 if he said he was going to cut duplicate programs.
00:12:10.700 But don't worry, guys.
00:12:11.840 The spending doesn't matter
00:12:12.800 because he wants to get in there
00:12:14.380 and audit all the wasteful spending in government.
00:12:17.620 One, I doubt he's really going to do it seriously.
00:12:20.120 I doubt he's going to find
00:12:21.240 the $23 billion in savings
00:12:23.780 that he's promised.
00:12:25.000 It's not going to happen.
00:12:26.520 And again, he's pretending like
00:12:28.000 he's putting us on a more
00:12:29.160 fiscally stable pathway forward.
00:12:31.240 Trudeau's government got criticized
00:12:34.800 for a $62 billion deficit.
00:12:37.680 His new spending, at the very least,
00:12:40.000 I believe, is going to be making it
00:12:41.840 like $86 billion deficits.
00:12:44.620 And again, he's acting like
00:12:46.200 he's the more fiscally conservative one
00:12:48.340 taking over for that, you know,
00:12:50.580 that radical crank, Justin Trudeau.
00:12:53.300 Anyways, though, that should be it for me today
00:12:55.660 in this video, guys.
00:12:56.840 I might have another one coming out later.
00:12:58.380 I'm trying to make a video that goes over
00:13:01.060 all of the different ridings in Canada
00:13:03.560 and where there was really good bright spots
00:13:05.320 for the Conservatives
00:13:06.220 and how the Liberals kind of pulled out
00:13:08.460 this victory in terms of,
00:13:10.020 and I can kind of spoil the thesis right here.
00:13:12.440 The Conservatives actually won massive swings
00:13:15.160 in certain ridings.
00:13:15.920 They would sometimes have a 40% swing
00:13:17.940 to win a riding that they hadn't won
00:13:19.920 literally since the 1930s.
00:13:21.800 Whereas the Liberals,
00:13:23.140 they mostly gained seats from just stealing,
00:13:26.720 not like stealing in terms of like
00:13:28.340 rigging, obviously,
00:13:29.080 but they were taking NDP ridings
00:13:31.360 in places like downtown Vancouver
00:13:32.820 and downtown Toronto.
00:13:34.360 And then the few Conservative ridings
00:13:35.900 they flipped were historical swing ridings
00:13:38.240 where the Conservatives won it by 4% last time,
00:13:40.640 Liberals won it by 5% this time.
00:13:42.220 So it's a 9% swing,
00:13:43.660 but it's nothing compared
00:13:44.860 to how the Conservatives have gained ground
00:13:46.620 in areas that were considered untouchable
00:13:49.140 for them as of a couple of years ago.
00:13:51.980 But anyway, so hopefully you look forward to that.
00:13:55.040 Hopefully I can get that produced pretty quickly.
00:13:56.820 I don't want to make it exhaustive,
00:13:58.120 like a documentary,
00:13:59.160 but just something that's informative.
00:14:02.240 Pronunciation.
00:14:03.260 Anyways, see you guys later.