The National Telegraph - Wyatt Claypool - March 04, 2025


Stephen Harper shreds Carney for lying about his role in financial crisis!


Episode Stats


Length

16 minutes

Words per minute

168.93422

Word count

2,711

Sentence count

195

Harmful content

Misogyny

3

sentences flagged

Hate speech

1

sentences flagged


Summary

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

Former Prime Minister Stephen Harper finally has to come out and slam Liberal Party Candidate Mark Carney for stealing credit for the 2008 financial crisis from a dead man. He says that Carney was not involved in the day-to-day management of Canada's economy during that time, and that it was Jim Flaherty who was making the calls.

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 .
00:00:00.260 Ahoy, everyone. Welcome back to the Wyatt Claypool Show.
00:00:05.280 So, Canadian politics is very crazy right now.
00:00:08.500 We have the Liberal Party leadership race wrapping up on March 9th here.
00:00:12.800 U.S. President Donald Trump has re-announced that he will be placing
00:00:16.060 the 25% tariffs on Canada and Mexico effective immediately.
00:00:21.380 Our politicians are announcing counter tariffs.
00:00:24.740 It's all very stupid.
00:00:25.900 Really, we should just be lowering taxes and regulations in this country
00:00:29.920 because that is our main economic problem.
00:00:33.380 It is not the tariffs.
00:00:34.700 The tariffs are bad, but placing tariffs of our own on U.S. imports
00:00:38.940 means that Canadians are just paying even more taxes than they already do.
00:00:43.540 But that is a different topic for a different day.
00:00:47.580 Today, I want to talk about former Prime Minister Stephen Harper
00:00:51.520 finally having to come out and slam Liberal leadership frontrunner Mark Carney.
00:00:57.100 Mark Carney has a very touch-and-go relationship with the truth.
00:01:02.780 The funny thing is that usually when you think of somebody who's like a pathological liar,
00:01:08.120 they're at least interesting, like they're eccentric,
00:01:10.920 they constantly say things that aren't true because they're a little bit crazy.
00:01:14.880 Mark Carney is the most boring man you've ever seen in your entire life,
00:01:19.720 and he can't keep the truth straight.
00:01:21.460 It's the worst of both worlds for him.
00:01:24.240 He is both not compelling and deeply embarrassing for the Liberal Party.
00:01:28.880 And now Stephen Harper has come out and said that
00:01:31.220 Carney's basically been stealing credit for the 2008 market crisis
00:01:35.640 since he left as the governor of the Bank of Canada.
00:01:39.720 The governor of the Bank of Canada doesn't actually do as much as you would think.
00:01:43.560 They keep monetary policy steady.
00:01:45.640 They basically coordinate with the government to make sure that the amount of money being printed,
00:01:51.720 the interest rates, are in line with what the government is attempting to do.
00:01:56.380 They just follow orders.
00:01:58.020 They are basically somebody who shovels coal into the engine
00:02:01.340 whenever the Prime Minister and the Finance Minister say so.
00:02:05.080 And that is the point that Harper had to come out and make,
00:02:07.840 that Carney has basically no involvement in any of this,
00:02:11.500 that he was just basically being told what to do,
00:02:14.080 he implemented it, and now he's pretending that he's Napoleon.
00:02:18.120 Anyways, before I get into what Harper exactly said,
00:02:21.340 guys, just a reminder to like this video,
00:02:23.920 subscribe to the channel, leave a comment, do all the great stuff.
00:02:26.820 It helps the channel grow.
00:02:28.440 Thanks for everyone coming and saying hi to me when I was at the BC Conservative AGM.
00:02:33.080 Maybe I'll talk about the AGM a little bit later in this video.
00:02:37.340 Was fairly unimpressed with certain things that had gone on.
00:02:41.180 But anyways, let's move forward into what Stephen Harper said.
00:02:46.120 So, in this report from the Globe and Mail that I will be linking in the description of this video below,
00:02:51.960 says,
00:02:52.440 But in the fundraiser letter, Mr. Harper said Carney was not involved in the day-to-day management of Canada's economy during that time.
00:03:00.900 Quote,
00:03:01.220 I have listened with increasing disbelief to Mark Carney's attempt to take credit for the things he had little or nothing to do with back then.
00:03:08.960 He said,
00:03:09.420 Mr. Harper wrote,
00:03:20.200 So, we will be seeing if that was a real offered me made to Carney.
00:03:46.040 But let's be clear, it doesn't matter.
00:03:48.740 It doesn't matter if he thought that he would be a good finance minister.
00:03:52.500 Maybe he should run for the Conservative Party.
00:03:54.520 If Harper said that, if anything, that just proves that Harper sometimes makes bad calls.
00:03:58.880 But you'll notice that Harper's not saying,
00:04:00.680 That was all me.
00:04:01.680 I would say that Harper could actually take a lot of credit. 1.00
00:04:04.300 You're the prime minister.
00:04:05.540 You're the one who's actually approving the calls that your ministers are making.
00:04:09.840 But Harper doesn't do that. 1.00
00:04:11.320 He actually says it's Jim Flaherty, who died a few years ago, who was the one who was making the calls.
00:04:17.200 So, what Mark Carney's doing is fairly disgusting in stealing credit away from a dead man because, well, he's not alive to say that it was actually him making these calls.
00:04:28.300 And again, it's obvious he wasn't the one making the calls.
00:04:31.500 He is the governor of the Bank of Canada.
00:04:35.240 He just implements.
00:04:36.600 He's like a deputy minister.
00:04:37.940 Deputy ministers don't do anything but implement the policies that the minister wants to do.
00:04:42.740 Yes, they do some of the technical work, but it's all, it's basically whatever the policy calls for for them to do.
00:04:49.360 And actually, the governor of the Bank of Canada is even more simplistic.
00:04:52.480 We want to engage in a certain amount of quantitative easing.
00:04:55.640 Can you increase interest rates up to this level?
00:04:58.420 Can you print this much money?
00:04:59.920 Can you do this?
00:05:00.780 Can you make these, like, little changes?
00:05:03.380 It's all very, like, standardized.
00:05:05.680 But let's move on to another story where Mark Carney is having trouble figuring out what the truth is.
00:05:13.940 And in this case, it's such a weird one.
00:05:16.500 I feel like the normal layman in Canada, the person who doesn't know anything about politics, doesn't even vote, would probably know that this isn't right.
00:05:24.680 So this is another moment from this other meeting that Mark Carney was at where he had previously claimed in another lie that he has experienced dealing with Donald Trump, not dealing with people like Trump, but he has personally dealt with Donald Trump, which is completely false.
00:05:44.180 He's never brought it up until that meeting in front of a small crowd of people, so it's clearly not actually true.
00:05:50.120 If he had dealt with Trump and beat Trump on something, do you think he wouldn't make that like the centerpiece of his entire campaign?
00:05:56.980 Chrystia Freeland was not a very good negotiator during the USMCA NAFTA renegotiations, and she still ballyhooes that as a great life achievement.
00:06:06.620 You think Mark Carney, if he actually bested Trump in something, wouldn't be talking about that in his sleep even?
00:06:14.180 He would be doing it all the time.
00:06:16.460 But here's another one where he is claiming that the US gets most of its semiconductors from Canada.
00:06:22.900 Biggest supplier of fertilizer, biggest supplier of aluminum, biggest supplier of semiconductors.
00:06:28.860 We supply almost all their semiconductors.
00:06:31.500 That whole, you know, everybody in the White House is a tech pro except for Trump.
00:06:34.680 They all need semiconductors.
00:06:36.740 They all come from Canada.
00:06:40.560 You can even tell he's lying because he's first mentioning, talking about aluminum, and he's talking about, you know, fertilizer.
00:06:49.580 That makes sense.
00:06:50.320 I actually assume he's probably right on those.
00:06:52.140 We are like, Saskatchewan itself is like the world's biggest provider of like canola oil.
00:06:56.580 We do a lot of those kind of mineral, like those kind of mineral products, things that require like mining, different sorts of like chemicals and whatnot.
00:07:07.460 We supply a lot of those kind of raw material type products into the US.
00:07:11.940 But semiconductors, suddenly he says, we supply the most semiconductors.
00:07:17.160 And you can tell he knows it's a lie because he starts filling in more information than he needed to.
00:07:23.740 Because if it was true, he could have said, we supply the most semiconductors.
00:07:26.360 We supply the most this.
00:07:27.340 He slows down and he starts adding like nonsense detail to the lie.
00:07:33.000 There's a lot of tech bros in the White House.
00:07:36.120 They can't operate without semiconductors.
00:07:37.980 Everyone knows most of the semiconductors, and especially most of the like more complex semiconductors, come from Taiwan.
00:07:47.040 They'll come from Vietnam, China, Asia. 0.97
00:07:50.160 They're not coming from Canada.
00:07:52.080 Do you know how many?
00:07:53.580 I'll let this play for a little bit longer.
00:07:55.140 Then we'll go back to how many semiconductors, what percentage of the US's semiconductors come from Canada?
00:08:01.300 Maybe they won't.
00:08:02.480 Maybe one day they won't show up.
00:08:04.340 We'll see.
00:08:04.760 We'll see.
00:08:05.440 We'll see.
00:08:07.980 It's funny.
00:08:11.260 All these people like chortling to themselves, like, oh, yes, they'll be very upset not to get the semiconductors from Canada.
00:08:18.260 They're going to be, you know, completely beside themselves.
00:08:20.740 Because obviously, Mike Carting has just said that we are the world's biggest semiconductor supplier, and they're not going to get them now.
00:08:27.760 We supply 0.8% of the semiconductors that the US imports every year.
00:08:33.680 Yeah, we don't provide anything.
00:08:35.920 That was stupid.
00:08:36.920 He knows it's stupid, and he's already had to walk back this comment saying, well, I got it wrong.
00:08:42.380 I just misspoke.
00:08:43.940 I don't want to look up what his excuse is here.
00:08:47.240 So I'm just bringing up.
00:08:47.860 You don't need to see it.
00:08:48.640 You don't need to see the article.
00:08:52.000 I'm just bringing up from the Calgary, from the Toronto Sun, if I can get it here.
00:08:55.760 Okay, here it is.
00:09:04.660 This is what his spokesperson said for the campaign.
00:09:07.720 In a statement sent to the Toronto Sun by a campaign spokesman for the Carney team, claimed he only meant to emphasize Canada's role in the North American semiconductor supply chain.
00:09:18.460 Quote, his remarks underscored the need for Canada to leverage its strength in the critical minerals, advanced manufacturing, and R&D research and development to further bolster North American semiconductor security and competitiveness.
00:09:31.580 That is a nothing statement.
00:09:33.700 That is the most campaign staffer statement I've ever read in my life, where he couldn't even justify that most of our minerals or we are supplying the raw materials needed to make the semiconductors.
00:09:45.680 We're not.
00:09:46.620 We probably really aren't.
00:09:47.780 I really doubt if we supply a substantial amount to that sector.
00:09:51.640 If you know how big semiconductors are, this is not like we're supplying the raw materials of like steel and aluminum and other tough metals to make ships.
00:10:01.280 We're like sending in like microscopic amounts of like gold and other things to make very small microchips and semiconductors.
00:10:08.840 No, that's just wrong.
00:10:10.120 We could be, and the whole statement's like, we could have a significant role in improving the future competitiveness and strength in the semiconductor supply chain industry.
00:10:21.960 It's like, shut up.
00:10:23.280 Just go, just go take a walk.
00:10:26.580 Just say nothing about this story.
00:10:28.800 My goodness.
00:10:29.740 It's like I'm the guy here who usually wants people to stand for like, you know, truth and honesty in politics.
00:10:34.700 I am begging the Kearney people, just lie better.
00:10:38.860 Just do a little bit of a better lie.
00:10:40.800 It's so much easier.
00:10:42.080 You could have just lied.
00:10:42.920 You could have lied.
00:10:44.060 And I'm almost endorsing them to lie because at least that would be smarter politics.
00:10:47.780 But good thing for the conservatives that, frankly, he has like the absolute worst campaign I've ever seen.
00:10:54.660 Is he going to win the liberal leadership race?
00:10:57.620 Probably just because he has Team Trudeau behind him and there's just so much artificial momentum for him.
00:11:02.920 Does he deserve to win?
00:11:05.640 Oh, my goodness, no.
00:11:06.920 I don't think anyone in this race deserves to win.
00:11:09.560 There's one thing I want to highlight from the account Marty up north from Alberta.
00:11:15.640 Marty's a great guy.
00:11:16.960 And I found this kind of striking about the liberal leadership race.
00:11:19.960 Look at this.
00:11:21.660 Oh, yes.
00:11:22.360 The final numbers of eligible voters might be less than 100,000.
00:11:26.360 This is for the liberal leadership race.
00:11:28.000 Given that the winners will be whoever gets 50% of the votes plus one, it's possible that we'll have a prime minister chosen by less than 50,000 people.
00:11:37.620 That's insane.
00:11:38.820 And what Marty is commenting on is he says, all this week, liberal party members who meet a strict eligibility criteria will be voting for the next prime minister of Canada.
00:11:48.300 By all accounts, that's less than 250,000 people.
00:11:51.620 Let that sink in.
00:11:52.520 A mere 1% of Canada's population will pick our next leader, and there's nothing we can do about it.
00:11:58.160 Democracy is dead.
00:11:59.420 It's actually far less than that, far less than 1%, because there are 400,000 people who are eligible to vote in the liberal party leadership race.
00:12:09.000 But you have to go through this sort of, like, eligibility test.
00:12:11.900 And so that's whittled things down to up until yesterday, only 97,000 people were eligible to vote.
00:12:19.380 I believe you vote online.
00:12:20.640 It's not by mail like I had previously assumed.
00:12:23.780 Maybe some people are waiting.
00:12:25.280 Maybe you're going to see a big spike of it.
00:12:27.040 But based on how long voting has been open so far, it's been open for, like, five days or so, seven days.
00:12:32.720 And only less than 100,000, less than a quarter of eligible voters have actually sent in who they're voting for.
00:12:40.760 I don't even think they've sent in who they're voting for.
00:12:42.820 97,000 people have become eligible of the 400,000 to vote.
00:12:46.500 So Marty's right.
00:12:48.160 Let 250,000 people might choose who the next prime minister is, which means that whoever has 125,001 votes could become the prime minister for a few weeks until hopefully Pierre Polyev ends up becoming the prime minister and installs a conservative government.
00:13:06.120 Like, that is absolutely pathetic.
00:13:08.300 Like, this is also why I think there actually kind of is a chance that he could lose, that Mark Carney could lose the liberal leadership because he's run such an oddly incompetent campaign.
00:13:19.520 I could see Christy Freeland coming up from the middle, all these people seeing his gaffes, all of his lying, and they're like, ooh, between, you know, the boring man and the boring woman, maybe we'll take the boring woman because she comes with a little bit less baggage.
00:13:33.320 But, yeah, anyways, that's it for those topics.
00:13:36.340 I just want to quickly do a miniature talk about the BC Conservative AGM.
00:13:42.980 So I went to the BC Conservative AGM in Nanaimo.
00:13:46.540 Oddly enough, I was actually never invited by anyone.
00:13:48.520 I just knew if I showed up, no one was going to say no for me walking in and getting a media pass.
00:13:52.580 And I'm going to have to do maybe a report on this later or talk about this later.
00:13:57.380 I'm just going to say blanketly, I found it deeply inappropriate that after they did the board vote and everything,
00:14:04.820 that the BC Conservative team put out this really stupid tone-deaf graphic saying,
00:14:11.460 Team John Rustad won because they had a slate that John apparently had endorsed and they won.
00:14:18.340 Only, they won 55% of the vote for some of the positions.
00:14:22.200 Who did you beat? 0.92
00:14:24.200 That's, what are you talking about?
00:14:25.460 Who did you beat at your own AGM?
00:14:28.260 They, in fact, beat the Grassroots long-term Conservative membership, by the way.
00:14:35.120 And, by the way, they were not the ones bussing people in, the Grassroots members.
00:14:39.640 It was John's people who bused people in, by the way.
00:14:43.120 And so did they actually win?
00:14:45.000 I don't know.
00:14:46.240 But that will have to be talked about a little bit later.
00:14:49.220 You know, I like John.
00:14:50.440 I really do like John Rustad.
00:14:52.860 He has some people around him who are giving him what I would be considering awful advice,
00:14:59.700 who are basically liberals, who don't want to give up any power because these are the best jobs they've ever had in their lives.
00:15:06.980 And so they will never leave the positions that they're in right now and are willing to do, in my mind, shady things.
00:15:12.400 In fact, one of them intimidated me for trying to take a photo of the people lining up at the back of the room,
00:15:18.660 who had basically only showed up an hour before, voted for the board election, shoved the new constitution through, then left.
00:15:24.960 Little weird.
00:15:26.200 Little weird.
00:15:27.620 But I'll be talking about that more in the coming days because, hey, I don't work for them.
00:15:31.680 I can do whatever I want.
00:15:33.260 And so that's it for there.
00:15:35.540 If you're in BC, I would be a little bit wanting some questions, especially when they're putting out graphics,
00:15:40.480 basically talking proudly that they had defeated their own grassroots membership.
00:15:47.020 Guys, you're on notice a little bit, a little bit on notice right now.
00:15:52.020 Anyways, so I'll talk to you guys all later.
00:15:54.800 Make sure to like this video, subscribe to the channel, leave a comment, do all that stuff.
00:15:59.100 And I will be back in another video, probably talking about the tariffs.