00:08:39.140So Trudeau and his cabinet are meeting in Quebec, right?
00:08:43.840And I guess they've been putting their rock heads together to come up with some kind of response to Donald Trump's possible, possible tariffs to be imposed, maybe, on February the 1st.
00:08:58.140And here's the press conference that they came up with today.
00:09:02.320This is as Donald Trump was officially inaugurated yesterday as president of the United States, my cabinet and I have gathered here with a singular focus, upholding our longstanding friendship with the United States and protecting Canada against potential tariffs.
00:09:20.300We heard the president's comments yesterday and the directive he has issued to examine the trade relationship between Canada and the United States while exploring the possibility of tariffs.
00:12:11.220I would assume he thinks that some of that is going to include oil and gas, energy, and Danielle Smith will not allow that because natural resources are a provincial responsibility, not federal.
00:12:28.120So she's trying to come up with a scheme right now to stop the Trudeau liberals from imposing tariffs on Alberta energy.
00:12:37.460And I think she's pretty close to coming up with one.
00:12:40.060He's actually going to create a crown corporation that buys all of the oil that Alberta exports, because one level of government cannot tax another level of government.
00:12:51.560So if Alberta, the province, outright owns the oil that gets transported to the United States, then the federal government can't do anything about it.
00:13:02.640true trudeau says ottawa is also prepared to enact some more severe measures a possible oil
00:13:11.040export ban you can't i'm sorry i'm sorry justin but you can't do that here is premier daniel smith
00:13:19.360in a press conference just today let's be super clear about why we find ourselves in the situation
00:14:24.640You have to be able to work with both Democrats and Republicans, and you have to refrain from expressing a preference for who you would like in the White House.
00:14:34.800And so if there's a failure of leadership and if there's a damage to the relationship, it's 100 percent at the feet of Justin Trudeau.
00:14:44.960I mean, for any of you who are involved in any kind of business or were involved in any kind of business, you guys know you got to work the room.
00:14:53.400you got to go out and schmooze you got to go out and glad hand meet the people the key people that
00:14:59.460you're going to be dealing with in the future and trudeau would rather sit back and criticize
00:15:04.780publicly by the way the president of the most powerful country economically and militarily
00:15:12.960in the world he's an idiot he always has been we know this right so let's have a look at this
00:15:21.580dollar for dollar response that trudeau was yapping about today big talk and he understands
00:15:27.880that canadians probably don't know most canadians probably don't know that we can't go toe-to-toe
00:15:34.640with the americans maybe they do on some level but they don't know the actual number so let's
00:15:39.740have a look shall we this is from statista.com north america gross domestic product of canada
00:15:46.420and the united states 2019 projected into 2029 so let's have a look at 2024 let's just say here's
00:15:54.3202024 so the americans have a gdp this is what their economy is worth 29.167 trillion dollars
00:16:05.92029.167 trillion dollars and that is that's going to go way up with trump in charge
00:16:13.540way up. Canada, just over $3 trillion. The American economy is 10 times the size,
00:16:25.98010 times the size of the Canadian economy. And if Justin Trudeau wants to go toe-to-toe
00:16:32.760with Donald Trump, with the United States in a dollar-for-dollar tariff match,
00:16:37.760big boxing match donald trump could snuff out this country the entire country economically
00:16:45.360remember he was talking about that economic pressure not so long ago he could snuff out
00:16:49.820canada in less than three months so trudeau is talking about well you know what i mean if we're
00:16:57.440going to have to do this dollar for dollar tariff thing we're going to have to obviously subsidize
00:17:01.440companies so they can stay afloat subsidize them with what exactly justin do you understand where
00:17:08.200that money comes from it comes from the people or are you planning to print more money and create
00:17:12.840even more inflation which would absolutely tank canada it would tank the economy it would tank
00:17:19.760the currency and then we would be ripe for the pickings for the united states to walk in and say
00:17:26.540all right you're the 51st state welcome to the united states canada
00:17:30.940and again that's something i'm sure a lot of people are kind of hoping for i would like to
00:17:37.320see an actual poll on that and i wonder if people when they answer when they answer a poll like that
00:17:42.600would they answer honestly would they say yes yes i do want that or would they say no hey
00:17:49.720i don't want my friends to see me even though their friends would never ever see what they
00:17:56.520wrote down on a on a poll response or said on a poll response right but somehow you think that
00:18:02.340they're going to hear me or see me somehow um would they be honest and say yeah i'm i'm in
00:18:07.840or or what maybe some patriotism from deep inside somewhere after trudeau has tried his best to
00:18:15.140snuff it out for the past 10 years would that re-emerge somehow and would people go nope
00:35:47.260McTague goes on to say this, of course, is a game changer for an industry which the Trudeau government and the Ford government in Ontario has invested billions of taxpayer dollars in.
00:36:00.000That's because no matter the country, the EV industry is utterly dependent upon a system of carrots and sticks from the government in the form of subsidies and mandates.
00:36:08.720EVs have remained notably more expensive than traditional internal combustion engine vehicles, even with those government incentive programs.
00:36:16.100Without them, the purchase of EVs becomes impossible for all but the wealthiest of Canadians,
00:36:21.740which is why you see so many of them in Vancouver, which has got a lot of people with a lot of money.
00:36:27.580It's fine. Let the rich people have their toys if they want them.
00:36:32.140Though if they justify the expense by saying that they're saving the planet by it, Dan says,
00:36:38.200I may be tempted to deflate them a bit by pointing out that EVs are in no way appreciably better for the environment than ICE vehicles,
00:36:45.280how all the lithium, nickel, cobalt, manganese, aluminum, copper, etc.,
00:36:49.540contained in just one single EV battery requires displacing about 500,000 pounds of earth.
00:36:58.720Mining these materials often takes place in poorer countries with substandard environmental regulations.
00:37:04.840Moreover, the weight of those batteries means that EVs burn through tires more quickly than gas and diesel-driven vehicles
00:48:35.340And they sit there and they complain about misinformation and disinformation when they're the ones who are doing all the lying in the first place or taking things out of context and making them something they're not.
00:48:46.100And you know they're never going to correct themselves.