True Patriot Love - October 04, 2026


Could a Snap Election Break Canada’s Conservatives?

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44 minutes

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8,601

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141

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Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
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00:00:00.000 When he hits, if he gets Times Person of the Year and the Nobel Peace Prize, 1.00
00:00:04.720 what better time for a party to call a snap election with a confused and disabled opposition? 1.00
00:00:15.560 As we enter October of 2026, approximately a year and a half from the election, 1.00
00:00:21.000 a lot has changed in the political landscape of this country. There's one party trending way up
00:00:26.120 and another one trending way down to talk more about it.
00:00:29.360 My brothers in arms, Mike, Paul, gentlemen, how are you?
00:00:32.060 Good. Thanks, Jim.
00:00:33.320 Yeah, this is a very, very, well, this is a poignant moment in Canadian politics.
00:00:38.440 And we talk about this a lot over the last six months.
00:00:42.160 We have.
00:00:42.680 The decline of what was the opposition, which less and less seems to be so.
00:00:48.840 Yeah.
00:00:49.460 Well, we see a huge surge on the liberal front here in Canada.
00:00:55.440 so mike i gotta ask you yeah his has the conservative party actually split in front of us
00:01:00.080 so it kind of looks it's interesting now because you know coming into the show i was taking a look
00:01:05.040 at uh all the media and what's been happening on the conservative party over the last three weeks
00:01:10.880 they go to their summit they go to their you know private uh getaway to get ready for
00:01:16.160 uh session uh they go back to the house and all of a sudden now you have a one of their stalwart
00:01:24.880 members resigning yeah scott aitchison who is packing up he was one of the foundational mps
00:01:31.440 in the party from muskoka yep all right and so he's calling it a day so they came out you know
00:01:36.880 think about that they they went together they did a kumbaya let's get together let's get a strategy
00:01:42.320 let's figure out how to go into session how do we present ourselves in the middle of canada's
00:01:46.560 kind of biggest challenges that the country has seen since its inception and they come out of it
00:01:52.800 and right away they have a member resign that's prominent a senior you know statesman um and
00:01:59.360 they're now talking about the party almost like two factions so they have kind of the mega
00:02:05.360 conservative and then they have the conservative conservative it's almost like it's like you and
00:02:09.680 and I'm we talked about many times or we've all talked about you know is you know the first sets
00:02:14.960 of this that I got was in Calgary yeah you guys mentioned that the big time when we went to the
00:02:19.880 convention yeah first of all didn't feel we weren't welcomed but it didn't feel like a very vibrant
00:02:28.260 convention if I may say so it was very Pierre focused he was there for a short time it was
00:02:33.300 like a rock star on stage there was no other uh stars featured in the party that we saw there was
00:02:39.920 nobody brought to the front from any other parts of canada so you would think that the members of
00:02:44.240 the party kind of feel like yeah we're represented by pierre but at the same time we're not
00:02:50.720 representing ourselves properly by doing so and i think whatever plan occurred in the end of summer
00:02:56.960 planning for the conservatives is starting to drive that wedge and when we're in calgary you
00:03:01.520 could feel it that there was a sort of a new faction and a remaining faction a very quick
00:03:11.700 favor before we continue a large percentage of you who watch or listen to tpl media every week
00:03:18.360 aren't subscribed yet our simple commitment to you is that if you find value there if these
00:03:24.240 discussions make you think if you want our uncensored debates deeper dives and extended
00:03:30.180 sit downs head over to tplmedia.ca and subscribe there directly it takes just five seconds cost
00:03:37.440 nothing keeps you informed so thank you now back to the show yeah well okay think about the remaining
00:03:44.000 faction we had scott aitchison this week two weeks ago larry brock two died in the wool
00:03:51.000 long-time conservatives two of the safest conservative seats in ontario for any election
00:03:56.940 and they both decided thanks but no thanks they're out that's now eight conservative mps have tapped
00:04:03.460 out since the election and to your point paul i think you're 100 right there is the influencers
00:04:10.540 the maple magas and there's the harper conservatives who won all those elections
00:04:14.940 and there is such a split between them they can't coexist yeah yeah they can't and they're they're
00:04:20.440 philosophically not even close to being on the same page and you can almost see it uh it's
00:04:26.260 unfortunate but you can see it in their social media you can see it in their pr right now it's
00:04:30.980 all the place and you know you you have a leader who's trying to hold on to both sides get everyone
00:04:35.940 trying to convince everyone to come in the same room and that just doesn't appear to be likely and
00:04:40.340 so now you know we just uh we just did a show previously on bc and and premier eb yeah you know
00:04:46.980 which saw a very i'd say almost a replica some different issues but quite frankly watched his
00:04:54.340 opposition sort of disintegrate uh all in two weeks and then get back together you know it was
00:04:59.620 hard to watch that that whole fiasco happening um now he went now and took advantage of it by calling
00:05:06.180 a snap election so the interesting part is you're watching this and you're thinking to yourself are
00:05:12.500 we going to see a federal snap election so are we on the are we on the cusp of seeing the launch
00:05:18.420 into the the liberals saying you know what wait till the midterms are over you know if the midterms
00:05:25.300 are a mess like we think they're going to be and there's changes and everything goes on it's a
00:05:29.860 hodgepodge it might be a great opportunity as for call a snap election we have it at christmas we
00:05:35.300 we do it under the you know the the flag and the auspice that you know we need more control
00:05:41.380 and we need definitive and the interesting part is if they're looking at their polling now so
00:05:46.500 So their polling is showing them potentially winning 230 seats.
00:05:51.940 A super majority.
00:05:52.980 Oh, yeah, like a super, super majority.
00:05:54.800 So quite frankly, you know, because they're now holding 173, I think it is.
00:05:58.460 They're talking about 50 or 60 more seats, Paul.
00:06:00.760 Oh, yeah, it's never, I'm trying to think if that's ever even happened.
00:06:04.040 But I think maybe the first Mulroney election was close to that.
00:06:08.780 Close to that.
00:06:09.260 So there you go.
00:06:10.040 And it took decades to even that, if you think about it.
00:06:13.980 Even the floor became, you know, almost a lifelong endeavor.
00:06:18.300 Well, it's almost impossible at that point.
00:06:20.020 It's because just think of the committees, everything going on politically, it's stacked.
00:06:25.980 Real quick, I'll tell you why that has a lot of merit.
00:06:29.340 Coming up in a few weeks' time, we'll likely name our very own Mark Carney as their person of the year for his stance against Trump.
00:06:38.200 Then you have the midterms.
00:06:39.560 Then there's, guess who's the odds-on favorite for the Nobel Peace Prize?
00:06:44.460 Oh, he is. I saw him.
00:06:45.140 Mark Carney.
00:06:45.820 9%. He's in Poland.
00:06:47.180 9% on, it was one of the betting hubs. 0.68
00:06:49.920 Right.
00:06:50.380 Nine points favorite.
00:06:51.740 What better timing?
00:06:52.760 They have a 50% majority in the polling in Canada.
00:06:56.660 When he hits, if he gets Times Person of the Year and the Nobel Peace Prize,
00:07:01.200 what better time for a party to call a snap election 1.00
00:07:04.380 with a confused and disabled opposition? 1.00
00:07:07.800 Yeah. 0.93
00:07:08.000 Wasn't that long ago, the polls were showing a runaway election for Pierre Paglia.
00:07:14.460 They were saying 200 seats?
00:07:17.120 Wasn't that long ago.
00:07:18.720 Yeah.
00:07:19.140 He had an opportunity.
00:07:20.820 The Conservatives had an opportunity.
00:07:23.300 Trudeau is destroying what was going on in this country.
00:07:26.320 Canadians were dead against the Liberals.
00:07:28.760 Now we have a Prime Minister, a Liberal Prime Minister,
00:07:31.020 hitting home runs so far out of the park
00:07:33.300 that most conservatives in Canada think it's the only option.
00:07:39.280 Well, it's interesting because, you know, home runs, it's home runs.
00:07:42.980 You know, you look at the last week and so.
00:07:45.600 I mean, sorry.
00:07:46.740 Yeah.
00:07:47.420 PR home runs.
00:07:48.500 PR home runs.
00:07:49.160 Is he actually, I mean, that remains to be seen.
00:07:52.700 Again, we've just seen the tariffs kick in.
00:07:55.880 So quite frankly, we're starting to see some of the impacts of the tariffs.
00:07:58.740 Stelco layoffs.
00:07:59.840 Stelco, right.
00:08:00.600 um you know and that's even even this morning that's getting a little messy because the the
00:08:06.120 liberals are out on a pr campaign trying to say we didn't know about it and they're now finding out
00:08:11.720 they did know that that was going to happen because they should have suspected that given
00:08:16.120 the u.s ownership the fact that the gentleman who owns the uh stelco basically you know was a stalwart
00:08:23.480 trump supporter so there's a bunch of stuff about to happen i know uh you know coming into the show
00:08:29.480 we were watching all the the alcohol and liquor uh suppliers they're starting to go bananas as
00:08:35.960 they're banned from the u.s so there's you know what the bumps are starting to happen so we're
00:08:39.640 going to see some equilibrium start to happen but but you know what the reality is that midterm
00:08:44.200 arrives and i think that we start to see some reasonable negotiation begin to happen and once
00:08:48.840 again at that point carney looks like he uh made that happen well but you know trump trump has uh
00:08:55.240 you know indicated that he thinks you know now in a very radical way that we're going to go beg and
00:09:01.240 ask him you know to deal with us which is not going to happen which you know with carney in
00:09:07.080 charge he will not get on his bended knee and beg no no he laughed you know the press conference
00:09:12.040 he just giggled about it but you know uh and i thought it was really good quite frankly he just
00:09:16.760 said no comment so and so now i think he's getting some decent advice to say hey after the the comment
00:09:23.560 with the new york uh times yes yeah i think he's going to tone it down yeah you don't need to fight
00:09:30.120 anymore if you don't have a comment you don't have a comment so i thought that was good advice and i
00:09:34.360 thought that was well handled given where trump was going at him and and all the other things
00:09:39.000 doesn't it worry you guys to have a super majority that we just have lost i mean how is it possible
00:09:44.040 that i'm taking evan solomon seriously and i don't even know where pierre pauliev is how what
00:09:49.960 What do you think happens when we end up in that situation?
00:09:52.780 It feels like a one-party country.
00:09:54.840 Oh, it's not good.
00:09:55.720 I don't like it, to tell you the truth, Mike.
00:09:57.680 I prefer a minority government.
00:10:00.120 I like the controls and the safeguards put in place by the system.
00:10:05.520 I really do.
00:10:06.360 I think it gets too far out of control.
00:10:08.060 And there has to be consensus building to get anything through, right?
00:10:10.860 Well, that's the way it's, well, I should say that's the way it's supposed to work.
00:10:13.900 But it is supposed to work, quite frankly, whoever gets elected.
00:10:17.540 And if they get a majority, they get to actually call the shots.
00:10:19.680 So that that is how it's it works. But, you know, it'd be nice if, quite frankly, there were two reasonable sides making two reasonable arguments and you could actually pick the best solution rather than one sided.
00:10:31.860 And the challenge is now you're getting provinces. If you look at the alignment domestically right now, it's a very weird.
00:10:37.840 But now you're starting to see. So if EB goes out and he gets a majority, but he's not polling very well right now.
00:10:44.800 That's not a slam dunk. I don't think it's a slam dunk. I think it's a bit up in the air, Paul.
00:10:49.560 to be honest with you in bc but did you see uh what's it dorgensen this morning he came out and
00:10:54.540 he's actually talking about getting rid of the human rights commission of bc and all these other
00:11:01.420 things like you know is he going too far right now and you know in bc you have to be careful right
00:11:08.060 the last thing you should be doing is coming out during an election and having human rights
00:11:12.940 conversations about wokeness in bc and whoever gave him advice to actually enter into that
00:11:19.240 arena i think oh man not good no i don't disagree with that paul but i think sometimes in canada we
00:11:25.560 vote people out as opposed to vote people in yes yeah there are some we oppose vote yes and there
00:11:31.640 are some people who are not happy with eb enough to hold their nose and vote for someone else even
00:11:37.420 if they don't necessarily agree with them or like them it's funny you say that when he when i heard
00:11:41.380 the snap election announcement it it actually made me scratch my head i was like what is he
00:11:47.340 thinking i mean yeah it's a small window in the middle of the municipal election yeah yeah it's 0.70
00:11:52.700 the 17th and the 24th yeah that's basically the signs in vancouver must be ridiculous right now
00:12:00.060 every lot it looks like the united nations yeah just you're gonna get a ballot go oh i thought
00:12:04.940 they were on where's such and such it seemed like a risky move i need a syllabus to vote yeah that's
00:12:11.900 right it just seems strange to me uh that he would actually uh take that risk well it's funny because
00:12:17.660 you know uh did a show with antony fury and there's over 6 000 candidates uh in toronto no across
00:12:24.860 uh the country five five provinces have elections yeah and then uh up until i think november 5th
00:12:31.260 from today to november 5th so quite frankly there's like 6 000 it's a crazy amount of people
00:12:36.780 you really you really need a scorecard we were going through and it's funny we got through i
00:12:41.180 think on the show we had and we did ontario we did some of bc you know we did a little bit of
00:12:46.860 the east coast quebec we we we just left for another uh show because they have their big
00:12:52.460 provincial election coming up we're still having a hard time it's hard to follow quite frankly a
00:12:56.940 little bit so we're still trying to get a gap a gauge on where that's going um because that's
00:13:01.580 bouncing around yeah quite a bit and you know between referendum talk non-referendum talk so
00:13:07.180 So, you know, you think about it.
00:13:09.400 You have, I mentioned over 6,000 nominees
00:13:13.760 to be elected municipally, provincially.
00:13:16.540 On top of that, you're looking at all the tariffs
00:13:20.580 and all the concerns going on.
00:13:22.720 Now you're looking at two provinces
00:13:25.240 that are talking separating, and so they're separatism.
00:13:29.900 So you got that going on.
00:13:31.420 So you got a lot of going on for the average Joe
00:13:34.420 who's just going to vote and trying to pay for groceries and gas,
00:13:39.020 which I sent you another picture.
00:13:40.500 My gas went up for this week.
00:13:41.880 I did another Paul from the pumps picture.
00:13:44.180 So I'll send along because I paid more actually yesterday
00:13:47.060 than the last picture.
00:13:48.500 I can't believe how much I paid for gas this morning.
00:13:51.260 Here's the one thing I will say.
00:13:52.660 The Alberta separation movement seems to be dying in the vine.
00:13:56.720 Yes.
00:13:57.260 And Quebec, I think.
00:13:58.500 But Carney really trumped them by saying
00:14:01.400 we're going to have another natural gas pipeline to kitimat bc yeah we've twinned the oil pipeline
00:14:07.100 to southern alberta and then this week daniel smith and doug ford talking about using ontario
00:14:12.540 steel to build an oil pipeline across the prairies down to the refined a reason sarnia what wait
00:14:18.640 hold on what when i heard this plan i have never seen have you ever seen a pipeline that does this
00:14:26.460 before like i think it actually does a loop-de-loop but however it keeps you out of the continental
00:14:31.040 middle us and right now it's going through minnesota and michigan yeah and that's why they're
00:14:36.040 doing it it's that that is the rationale to go around lake superior and cut down yeah i do i see
00:14:41.540 the rationale i see the canadian rationale i also saw the route that is not serviced by electricity
00:14:47.640 at the moment has no forest roads has no oil roads mining roads in over a thousand kilometers
00:14:53.440 negative come on well yeah sorry bye bye my bad i'm sorry and what is it what are the refineries
00:14:59.600 what condition are the sarnia refineries in that's i don't know the answer i believe they're still
00:15:03.680 active and running yeah but i would like to know a little more about sort of what has to go into
00:15:09.120 those i'm sure they'd have to upgrade them what production yeah yeah no agreed so you know it's
00:15:14.240 interesting because we want this yes no yeah no no in this no we've been digging into this for
00:15:18.880 another show so another show on oil that we're about to do and i'll just give you a little bit
00:15:23.200 on it you know the refineries that we're actually sending our oil to in the u.s are all over 40 years
00:15:30.880 old yeah so why are we just building even the u.s infrastructure is is like yeah it's aging out
00:15:36.560 garily old and i'm thinking to myself oh my goodness like when you look at this and you're
00:15:41.120 thinking we're dependent on a country so we're shipping our oil you know i go crazy for a minute
00:15:46.400 on this we're shipping our oil down to the u.s the old refineries like it's not like they're
00:15:51.920 state-of-the-art because you know the more when i when we started the show and we started going
00:15:56.800 into the oil conundrum i i must admit i didn't know anything i was i was like the average person
00:16:02.880 canada you know i went to the pump i pumped my gas and i went to work now we're actually learning
00:16:07.440 all this and every time you kind of uncover like one stone you move one stone it's like an omg
00:16:14.080 moment it's crazy this stuff you find how bad this is but for years that's how it was done because
00:16:19.360 they had a good relationship and everything was fine and there was no problems and now we're
00:16:23.920 waking up in the last six months like and you and i and all average canadians probably go wait a sec
00:16:29.440 this makes no sense why didn't it make zero sense why didn't we build these refineries ourself but
00:16:34.320 i've not no one's answered the question 10 years ago why i don't know i'll tell you why it was
00:16:38.640 justin trudeau it was okay yeah five minutes south of the border to create all this carbon problem
00:16:44.000 but we're not going to do that we'll ship our oil across the street and there was no economic case
00:16:49.200 to do it that's what he said but the funny thing is we're okay to ship our oil down to the u.s
00:16:54.320 to a country when i lived in the country quite frankly you know one of the scariest things that
00:16:58.240 we used to think about driving over a bridge we used to joke about driving because it may or may
00:17:03.920 not be up oh yeah we would we'd be driving along because we traveled a lot i think i mentioned the
00:17:08.400 the work i did in the u.s quite frankly we were on the road building projects so we were always
00:17:12.400 yeah and you know we had we were moving like heavy equipment all the time and you know we'd be like
00:17:17.920 pulling in and you'd have like a thousand people on the site and you'd be hauling in all this
00:17:21.280 equipment and you'd be sitting in a project planning meeting and one of the one of the
00:17:24.960 american uh trades would make a joke on whether their their equipment was going to make it over
00:17:30.080 the bridge and i'd be like and you know i'd be like what what and that was kind of in the obama
00:17:34.640 days when we found out when they did the survey they found out something like 400 bridges were
00:17:40.000 defective in america it was it was an insane amount of bridges and so now we're going to be
00:17:44.800 destroyed uh self-destruct yeah yeah and now we're now we're okay now and i probably got the number
00:17:50.720 wrong so paul's in the number of bridges but but you know what the the funny thing about that is
00:17:56.320 now we're okay to ship our oil over to a bunch of refineries quite frankly who are dependent on
00:18:03.120 for our energy security that who knows what condition they're even in fight quite frankly
00:18:09.200 you know and well and then and then we go to venezuela you know then you know the u.s goes
00:18:13.200 to venezuela they go in and they're like well these refineries are no good it's going to take
00:18:17.360 us a decade okay well you attacked a country right to get their oil and quite to find out
00:18:23.040 that their refineries have been degraded and depleted that's like me i'm like that's like
00:18:28.320 me what are we doing now like real quick i just looked it up this sarnia sun core refinery was
00:18:33.280 built in 1952 oh so it might be due for an upgrade maybe we need a polish on that this
00:18:39.200 this situation's like that 30 billion just went to 80. okay and if it went to 80 we all know the
00:18:45.360 reality on that yeah but it's like me breaking into your garage to steal your maserati and
00:18:49.920 finding that you only have a honda you know i'm already broken in i guess i'm taking the honda
00:18:54.560 yeah yeah but you you went in and used that what imps or what what is it uh electrical blast
00:19:00.720 oh yeah you went and you emped a whole country that's now causing a a crazy amount of actually
00:19:08.800 illnesses yeah to get refineries that weren't even working but i'm like this doesn't seem
00:19:13.760 like both in the refineries and the pipelines why not just now with carney but going back decades
00:19:22.480 why did we not think to build a pipeline system within canada a refinery system within canada why
00:19:28.880 now we're their backs to the wall and facing this existential threat from trump now we're
00:19:34.220 scrambling to do this you know because that was my mind so the funny we did like we did we like
00:19:41.560 again petro canada was like we were on our way to uh oil independency right gas and oil in canada
00:19:48.540 was doing amazing we were on our way and quite frankly like again and when when you know the
00:19:53.960 airport show we did i just like fall over let's sell it you know what i mean let's uh we're going
00:20:00.200 to get a billion dollars that we can use for you know free breakfast for kids and we also have the
00:20:07.560 nation we have to send some money to christian friedland don't forget that so yeah we better
00:20:12.160 sell this that is that is a consistent feeling i think that is missed from canadians is that
00:20:17.800 we virtue signaled we continue to do that even carny in my mind being mr oh booze up your canada
00:20:25.520 calm down calm down we're canada we're not you know we don't have the same size boxing gloves
00:20:31.360 but he gets out there ready to hockey fight and we're going to represent the world and we did a
00:20:36.120 lot of that instead of watching what we were doing at home that's my personal feeling yeah you know
00:20:41.020 like we could have been doing things that other nations are doing that weren't just of a social
00:20:46.420 nature we could have been doing things that weren't just of a global peace nature we needed
00:20:52.260 to be looking out for our economy and our future but it was easy think about it bingo you know
00:20:57.220 bingo the human the human brain everyone does it you know if you look at something you try to find
00:21:03.460 the easiest way the shortest path you know it's just and and we were so you look at mulroney
00:21:09.860 chretchen harper trudeau all those long-serving prime ministers they were probably told by someone
00:21:16.340 we could build this pipeline across the thunder bay down to sarnia or we could just have the
00:21:21.860 short one to montana and it's a lot cheaper and it's easier yeah so let's do that think about it
00:21:26.900 i don't i don't have to increase tax right right i can keep i i can create keep making all my uh
00:21:33.700 seniors happier by uh single or double digit increases in their payments yes they're good
00:21:40.340 voters right my health care transfers can stay this everything can stay the same and quite frankly
00:21:45.460 aren't i in a great place because now i hate to say it but i'm gonna uh i'm gonna go there for a
00:21:51.300 minute you're a prime minister in those days it's pretty great it's pretty awesome the relationship
00:21:57.940 with america was strong every real estate's going up the stock market's everything is appreciating
00:22:03.940 you're living in a time when you just wake up in the morning you're like uh yeah because of my
00:22:09.300 policies your home is going up your yeah the 88 your stock your rsp is going up everything's going
00:22:16.740 up for you you know because of the great work we're doing and you're thinking and then you're
00:22:20.500 going we're not doing anything really but you know you don't have to tell anyone so you know
00:22:27.860 and then you had to convince a population of people which you know canadians of that genre
00:22:33.220 generation you had to convince them that they were doing great things so all you had to do
00:22:37.540 is make everyone kind of bloated on their self so easiest path and everyone then believes of their
00:22:43.220 self-importance and so it becomes super easy suddenly our parents were real estate geniuses
00:22:48.660 geniuses geniuses you know i bought that house at 32 000 now it's worth a million you know that's
00:22:53.620 because i'm a well hey don't you guys guys don't you remember yeah because of the 88 olympics in
00:23:00.740 in calgary gm canada sold uh olympic it was like olympic edition uh gm and chevy products with the
00:23:09.140 olympic logo i remember that so it was stuff like that like we had expo 86 in vancouver
00:23:15.860 and then they had the olympics and then we had different events and rogers center now while the
00:23:22.340 sky dome back then and everyone was feeling good it's interesting because we had a fairly balanced
00:23:28.280 house of commons in that era if you think about it there was there wasn't super majorities that
00:23:34.640 in those moments there was no need for it i mean i guess we got so comfortable we're like hey we
00:23:38.880 can well the ndp was very strong it's on autopilot unions pensions laborers right we're all of all
00:23:45.680 the rage not like they are today and quite frankly people were happy to get them it was very
00:23:52.060 comfortable to have a you know it was almost essential in those days to have a canada with
00:23:57.900 a labor party because you wanted the people who were actually uh doing those jobs to flourish
00:24:03.740 and to feel represented and to feel like they had to vote so we left it there right we can and your
00:24:09.020 point mike i don't think purely people tried they fought a little bit like i remember political
00:24:14.380 parties when i was younger um and and campaigns but they were very cordial you know the you know
00:24:21.340 you're conservative there were specific issues that you saw them talking about when you when
00:24:25.980 you read the newspaper you know the finance minister and you know the shadow minister are
00:24:31.500 back and forth you would understand what the issue was and that it was being dealt with by
00:24:35.020 that minister can i ask an uncomfortable question please do sure since uh i have accepted that i
00:24:41.660 will never have an interview with pierre polyev enough invites i get it i got the hint what
00:24:48.300 What happens to the Conservative Party now?
00:24:49.920 There is no way it survives.
00:24:52.060 In my mind, if a supermajority comes into play,
00:24:55.840 the Conservative Party either splinters at that moment
00:24:59.060 and has to start again and in four years make their way back,
00:25:04.040 or some super vitamin is added, or in my opinion,
00:25:08.840 there's a new leader put in place.
00:25:11.340 From my standpoint, if it's 210, 220 Liberal seats,
00:25:16.100 poliev has done and the conservative party has a huge decision to make which direction to go
00:25:23.060 do we go back to the harper type conservatives the the red tories that they like to call them
00:25:29.080 with a bit of a social you know a heart to them and or do they go maple mega is that they go
00:25:35.020 maple mega and the influencers and the jamal javanis and those of ilk i think the conservative
00:25:42.200 party is going to be in a black hole of losing for years to come do they figure it out because
00:25:48.160 it doesn't play in canada i kind of feel the same hey before we go any further please hit the
00:25:53.000 subscribe button right now if you want the raw debates the full uncut conversations you won't
00:25:58.240 see here head straight to tplmedia.ca subscribe and lock in your membership trust me you don't
00:26:04.120 want to miss what happens behind the paywall all right back to the show yeah no i agree a little
00:26:10.260 different approach i i believe definitely i think he'll do the snap election so i think that i think
00:26:16.420 he is even the fact that it's coming out now i think it's the signal that it's going to happen
00:26:22.180 so yeah i think they're just kind of getting us ready i think they're going to watch a little bit
00:26:26.100 what's happening with bc and eb and then quebec provincial and quebec yes correct and then uh
00:26:32.100 midterms snap election you're going to see the outcome which will be bad for the conservative
00:26:38.580 party um then quite frankly i think they do split at that point so i think you split they'll have
00:26:46.100 two different leaders um and then i think you're going to probably at some point see two more
00:26:51.140 parties oh is that right so i think you'll see two more so i when they split um i was actually
00:26:56.900 looking you look at europe and this sounds like britain yeah and italy and germany a lot of those
00:27:02.100 countries so you look at parliamentary politics and you see how there is a quintessential moment
00:27:07.060 where they actually split into multiple parties and so i think this is the moment where and it
00:27:12.020 usually happens when there's one party that just dwarfs the other parties and so quite frankly i
00:27:16.900 think we're about to see the the dwarfing of the conservative party in this election and then quite
00:27:21.780 frankly it splits so i think you know you know the claim to fame of pierre polyev i think becomes
00:27:27.460 he was the last man holding the bag when the whole thing splintered into six or seven or eight
00:27:32.980 parties and and then we'll see more european politics uh which is interesting well you know
00:27:39.220 when he went to the eu that was the first thing i thought about it was really interesting that
00:27:44.340 when he saw he went over and he started the conversation um i was with friends and i said
00:27:49.140 you know what i think this is kind of the beginning of european politics where it splinters off into
00:27:55.220 multiple parties so you had the thought that he was over there understanding that realm a little
00:27:59.460 better and how to manage it yeah i think there was a conversation taking like i think he's a
00:28:04.500 he's a student i think his uh benefit or uh power uh strength is really that he spent time over in
00:28:14.020 europe he understands the system he under probably has thought about where it's going to go so he's
00:28:20.500 probably looked at canada and said okay i have so many years before this splinters off and then quite
00:28:25.700 frankly here's what it looks like over a period of time i'm not sure he wants to play in that
00:28:30.660 i've you know i've kind of it's interesting because they ask uh carney all the time what
00:28:35.940 do you want to do next are you going to stay or whatever i'm not sure he wants to stay in that i
00:28:40.420 think he's very happy to be doing what he's doing now in this era of politics in canada right the
00:28:47.860 challenge with if you look at you know we all know european politics is a real uh it's it's a tough
00:28:53.700 game because quite frankly once it starts to all splinter then it's factions so then you know it's
00:28:59.300 you know i win one day to the vote you win one quarter of the vote you win yeah you end up with
00:29:04.100 elections every vote the pizza party don't they call it because there's so many slices yeah so
00:29:08.660 think about carney's path here if he does as expected snap election to december so that takes
00:29:15.300 them to 27 22 so he's into like 2030 2031 at that point he could be like i'm walking away
00:29:23.620 and he would have his pick and choice of anywhere in the world to work for any
00:29:29.620 hedge fund political organization he'd be set yeah he and he yeah he's a fairly young guy
00:29:36.420 his ability to go out there and do yeah you know a lot of things in business are still there this
00:29:40.820 he's healthy and fit you know it does feel like a great stop on his resume to be the prime minister
00:29:45.960 but maybe not the biggest thing that he does globally so you know right right yeah but but
00:29:51.640 the end it'd be post-trump yeah and then he'd feel like i'm leaving canada in good hands with
00:29:56.800 prime minister wickson or prime minister micucci as i go to my whatever he would my votes for paul
00:30:03.000 to be honest with you i have certain skeletons in the closet that aren't worth the dragon but i could
00:30:07.560 see him at the end of that saying okay i've i've done my bit for canada you know canada strong as
00:30:13.200 you say and all this stuff we're gonna time for the next chapter as i move on to my chapter i find
00:30:18.540 it uh disappointing that we ended up in a place to be honest with you i was really interested in
00:30:24.240 seeing a change in this country that came from another party because i didn't trust that the
00:30:28.620 liberals would do what i needed to see done and i i still don't see a lot of evidence of what's
00:30:33.540 being done. I see a lot of great diplomatic discussion that I think was long, long missed
00:30:39.320 in our government. But I am disappointed that we are going to become such a splintered
00:30:46.660 political landscape. It does, however, open up the opportunity for people to... Have you started
00:30:53.040 your own party yet? And you haven't told anybody? Let us know. Hit the comments and tell us.
00:30:58.300 Think about the ball drop by Pierre Paglia.
00:31:02.140 So instead of being humbled by losing his seat
00:31:05.540 and having to take someone else's seat in the safest party
00:31:09.980 and riding in Alberta,
00:31:12.480 instead of coming back a changed person, a different person,
00:31:16.200 maybe bridge some gap, build some consensus
00:31:19.080 with different factions of the party, he didn't change.
00:31:22.280 No, no, he didn't change.
00:31:23.480 So that's why you see all these long-term,
00:31:26.820 old school respective MPs walking away yeah it's interesting you know you know I I was I always
00:31:34.420 think to myself who would have been better in this seat like who would have been better in the
00:31:39.180 conservative I gotta pick who do you think I mean uh I love this question boy that's a great question
00:31:46.580 right now I don't see any concert current conservative MP were like would be able to run
00:31:52.380 the show kyle seaback maybe yeah maybe that's interesting you know peter mckay oh peter mckay
00:32:01.420 yeah so to me he was like yeah to me when i see him yeah he's on tv quite a bit you see them on
00:32:06.060 different news uh he goes on yeah and you know he's he's just kind of grown up from the early
00:32:12.220 days of politics you know he's been his father yeah his father the nice part is i think he's went out
00:32:16.860 politics is politics but to spend time to go out and do business to actually transact to learn the
00:32:24.560 world it only gives you more value as a politician because you understand how people are feeling you
00:32:29.700 make decisions uh not on for political reasons only but and those resonate with people because
00:32:35.540 they can feel it and i think that's that's probably the downfall where we are now he's a master
00:32:40.540 communicator the next person if i'm a conservative that i pick would be a very homegrown homespun
00:32:45.920 person that can because you think about it you know we have a prime minister who's you know
00:32:51.040 very good you know with finance hedge funds very good at the business aspects of the country right
00:32:57.200 the challenge is you know if you want to actually get someone now you'd probably go someone who's
00:33:02.760 got that you know east coast down home good feel you know what else that's brilliant because
00:33:07.760 the last election um as we've seen the liberal party is hugely entrenched in the noble scotia
00:33:14.560 new brunswick to have someone like peter mckay give some huge clout in central nova scotia and
00:33:20.560 a lot of those maritime ridings that would be key if they ever wanted to get in power yes no but to
00:33:26.640 to your point nobody came to mind immediately until you said peter mckay i was yeah but i was
00:33:30.960 looking at the current crop of remaining in peace oh no that's what i'm thinking too like huh so
00:33:35.920 when you brought that up like of course yeah yeah nothing in house i think they need a big
00:33:39.600 change in the party or it it falls away and we end up uh well i mean i mean i i mean if you were
00:33:48.660 in the poly market and they call a snap election who in the right mind is going to vote against
00:33:53.560 party no oh not today not today not today i mean especially it's almost like i know you can't do
00:33:59.700 that it's almost like you you'd want to just say you know let's make this a quick you know the
00:34:05.580 countries they do what's the what's the social media uh nepal did it on oh they they did the
00:34:10.860 vote on uh uh wechat wasn't it or uh whatsapp whatsapp yeah they did the vote on whatsapp it's
00:34:17.940 almost like you want to do a query the quickest election you possibly can because you know the
00:34:21.420 while you're at your office christmas party you don't want to spend 230 million dollars on
00:34:25.940 you know and you you go out and you actually just say hey let's get this over we'll put a lottery
00:34:30.560 together who everyone who votes can win like you know up to like do it this way 400 000 let's make
00:34:36.240 a quick let's have a quick like a 50 50 make it happen because quite frankly we're just going to
00:34:41.680 spend what two these things cost 200 million crazy amount to get together but then they have to
00:34:46.640 charter a plane yeah and buses and they have to go across the country yes and then a snap election
00:34:51.920 we lose you know we lose another month which then quite frankly if we don't have the tariffs resolved
00:34:57.040 after the midterms it does cause you know that is the downfall to the snap election that you're
00:35:02.480 going to take the eye off their ball a lot of canadians are getting stung right now you see
00:35:07.120 them all over the place getting pretty hard say it's just beginning oh yeah this is it you can
00:35:12.080 feel it now as soon as that stelco announcement came out i was like i was like at home and i'm
00:35:16.160 like oh you see that you know that's bad that's why there's these flurries of announcement a pipe
00:35:22.080 a second pipeline to the lower mainland of bc a natural we're going to start using steel right
00:35:27.440 and so they're they're making all these announcements to try to cover yeah five years
00:35:31.200 though well that's five years they need the steel right yeah they don't so you know you
00:35:35.120 would have had to start three years ago to be there where you need to be based on that and
00:35:39.040 that's the challenges you know the pre-planning didn't you wonder if that goes into negotiation
00:35:43.040 okay let's get people back to work in five years you'll have this delivered and so you have to
00:35:47.120 offset business between but that negotiation can't happen until there's actually a deal in
00:35:51.280 in place anyway but the the interesting thing is you know they're they're saying you know
00:35:55.280 the a lot of the unions came out and said we got to do something to keep it alive in canada that's
00:36:01.280 steel but you know you got it and everyone's like what could we do you know there's fields for those
00:36:07.200 of you who don't know a lot about the business there's fields and fields and fields full of
00:36:12.640 different steel right now in canada so they're waiting to be used waiting to be used like when
00:36:16.640 When you go out by Hamilton, I don't know if they could drive.
00:36:19.300 You go to some of those yards,
00:36:20.600 they're like six stories high of steel rolls sitting there
00:36:24.740 going nowhere right now.
00:36:26.500 So they're not moving out into the U.S.
00:36:28.100 They're not going anywhere.
00:36:29.400 So in that case, those guys who are producing that steel,
00:36:33.720 they had to at some point as they're getting the forklift
00:36:35.760 and they're hoisting it up onto the sixth story,
00:36:38.000 they have to be saying to themselves,
00:36:39.360 this might not be good, right?
00:36:41.160 I'm not going to be here at Christmas.
00:36:42.500 Yeah, exactly.
00:36:42.860 So this is a big part of, just to get to the national defense for a second,
00:36:47.540 there was a big proposal they're about to build
00:36:49.900 called something called the Continental Defense Corvette.
00:36:53.280 It's basically half the size of a destroyer.
00:36:56.060 And they're looking at building in Ontario shipyards like St. Catharines,
00:37:00.300 who haven't built a warship since World War II.
00:37:03.920 And you start taking all those stockpiles of steel,
00:37:08.200 Estelco and other places, and start using it for nation-building projects.
00:37:12.860 Yeah.
00:37:13.280 You would hope that that becomes the solution to that.
00:37:15.540 Yeah.
00:37:15.860 So it helps the military, helps the steel industry.
00:37:19.240 Like, I think that's part of what Kearney's goal is.
00:37:22.960 It is.
00:37:23.480 It does bum me out a little.
00:37:26.120 I've told you this on other shows, right?
00:37:28.440 I'm okay with defense projects.
00:37:30.280 You know what I mean?
00:37:31.120 I want sustainable, productive, per capita growth.
00:37:35.120 Oh, right.
00:37:35.540 Yeah.
00:37:36.200 Not just for the next three years, the next 30 years.
00:37:38.540 Yeah, I'm trying to get ROI projects to keep people working
00:37:41.380 for a long period of time and sustain and defense projects are great but you know manufacturing
00:37:46.260 that sort of thing for consumer manufacturing when you start refocusing on you know those uh
00:37:53.780 type of projects quite frankly you're almost in a wartime scenario or a recession or depression type
00:37:58.740 and scenario where you're just creating projects to keep people uh busy hands right and well it
00:38:03.620 does feel like that though that's a great point that this goes back to fdr you know hoover dam
00:38:09.220 and all these big things they built in america to keep america working well a lot of this is very
00:38:13.940 similar yeah it is pipelines and this and that well you know what transitional then are these
00:38:19.780 projects that we're picking 25 50-year projects are they the hoover dam well great question so
00:38:26.980 okay so just you know interesting conversation because you look at china and it's interesting
00:38:33.060 where china is right now and we don't they they don't talk about china but if you look at china
00:38:37.620 right now the chinese got really focused on real estate so they went out and they built they i think
00:38:44.900 i was reading a couple days ago they have 10 years of housing inventory so have you ever seen like
00:38:50.740 sitting there empty yeah have you ever so they have 10 years of real estate so have you seen
00:38:55.140 what they the ghost cities of china yeah they really exist yeah they do absolutely so so people
00:39:00.340 what they were doing is for years they were actually uh as they were building them they
00:39:05.300 were buying them walking over to them putting a new lock on and shutting them and not going back
00:39:10.900 for three years and then selling them three years later at the appreciation so what and i have
00:39:15.780 friends uh that have are going through this right now and what what happened was you know they bought
00:39:21.700 one they bought two they bought three they bought four they bought five units they're all sitting
00:39:27.060 empty but now the market's crashed out so the market's crashed out well that was going to
00:39:31.380 happen 30 of their market is real estate so 30 of their trading market is real estate inside country
00:39:38.420 then they went and they created because they because they were uh doing all this real estate
00:39:44.420 investment that wasn't going to sustain they built all this magnificent infrastructure so
00:39:50.020 one thing they do have is magnificent interest highways rail it's incredible to feed the housing
00:39:55.860 that is 30 percent of their so 10 years ahead you have all this magnificent infrastructure
00:40:03.460 you know we are kind of talking about a similar thing in a different way so now we're going to
00:40:08.180 start to build pipelines roads defense all this stuff ahead of our population hoping that as we 0.52
00:40:14.420 immigrate these people in they even stay because we're not we don't have birth rates so you know
00:40:20.180 this is the the tightrope i think we're on right now we're on this weird tightrope where
00:40:24.580 whoever and you know thank goodness he's a great economist is that we have to figure out you can
00:40:30.480 get so far ahead but you don't want to get so far ahead that quite frankly you're actually ahead of
00:40:36.080 your skis yeah and that's what i think china is balancing it china is balancing it out right now
00:40:40.740 because they're they're so far ahead that they're going to sit for 10 years and try to balance as
00:40:45.720 as they default bankrupt their different companies i recall hearing and please correct me in the
00:40:50.760 comments or you might know because you're the economist guy but um i read at one point that
00:40:56.340 these ghost cities these massive infrastructures these massive projects and communities were being
00:41:01.660 built because in our market for example new housing only hits our gdp when occupation of
00:41:10.100 the properties is taken on in china it was at the completion units built completion of the unit built
00:41:17.660 right and it made a huge difference at the time to their economy that that was going to have this
00:41:24.780 sort of tsunami back effect that on their economy when there was no value for those
00:41:30.320 and i don't know if i'm correct on that but i do recall hearing that well they do so you know no
00:41:35.260 you're that's basically yeah yes and um the chinese account for things differently which
00:41:41.480 is very interesting so um here in here in america or in the canada u.s stock markets you can come
00:41:48.360 out and have an idea and go do an ipo yeah it's an idea you put projections yeah give me a trillion
00:41:55.560 dollars i i'm i have an ai idea right so you get a trillion dollars you go public with it they give
00:42:00.760 you money um in china it's based on the last three years so you have to get it going run it for three
00:42:06.840 years value it and then you get paid off so when the ipa go ipo goes to market it's based on a
00:42:12.600 principle right right it's based on a really a valuation of profits for the last year so
00:42:17.480 they they they they value things different right and they so it's just an example but it's a
00:42:24.900 different way of doing business you're right they they sat there these buildings have sat there for
00:42:29.380 almost a decade now maybe a bit longer and you can search it on uh out there the the ghost cities
00:42:34.160 of china they're stunning fully functional cities yeah completely devoid of people yeah with with
00:42:40.960 up-to-date infrastructure solar high-tech electrical all digital monorail systems
00:42:47.680 monorails railways everything my wife was in guangzhou for business about 12 years ago which
00:42:53.760 is on the other side of the hong kong border it was built out of a sort of a jungle swamp
00:42:59.920 they just built the city their main highway is eight lanes each way a 16-lane highway through
00:43:05.840 the center with the convention center 10 times that of the metro toronto convention center
00:43:11.360 it's everything's brand new yeah they just built it yeah but because they can build at such a rapid
00:43:17.680 their technology for building is so far ahead that they've managed to get the problem is now
00:43:23.520 they're too far ahead right and so that's the problem we are planning you're right needs to be
00:43:28.320 that sweet spot i'm starting to understand that you're saying it needs to be that sweet spot that
00:43:33.120 just allows us to build the project keep people employed but then start to recoup before in enough
00:43:40.080 time that it makes a difference to the balance sheet right so you're not putting all this
00:43:43.280 infrastructure money out at front and then it's not catching and then you get so if you're carny
00:43:47.600 in canada you're trying to find that happy medium so you don't have ghost cities but you have job
00:43:52.960 creation and and keeping industries and natural resources keep them humming keep the money flowing
00:43:59.840 yeah at the moment it's national projects i think is it ever looking at it's certainly not industry
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