This video presents a political critique of Canadian Prime Minister Mark Carney, arguing that his economic policies have led to increased deficits, rising unemployment, capital flight, and trade challenges, while also examining his past as Bank of England Governor where similar policy approaches were criticized for creating economic instability.
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Is Mark Carney An EVEN WORSE Prime Minister Than Justin TrudeauAdded:
Pierre Poilievre is back at it again, absolutely destroying Mark Carney and calling out the truth, saying that Mark Carney is actually even worse than Justin Trudeau.
That's right, it is the truth, and Pierre said it best. So, we're going to have a look at this, and by the way, I just want to apologize, my mic uh stopped working, so I'm just using this crappy desktop audio, but I will get this fixed shortly.
Uh before we do get into this though, please don't forget to like and subscribe. Really helps grow the channel, and I appreciate you guys so much for that.
So, let's have a look at what Pierre has to say, and then we'll talk about it.
We had an election in in April, the 28th. It was a very close one.
And um what people are seeing is that Mark Carney from Well, he promised He made grand promises of change.
He's even worse than Justin Trudeau. Uh under his leadership, our deficit has grown, unemployment is rising, uh 60 billion dollars of net investment has fled our country.
Um he the the US tariffs have doubled on Canada, and and he Carney is now losing a trade war with China. Uh he is clearly failing to live up to the massive promises that he made, and while he gets gushing media coverage for meetings and photo ops and grand announcements that that amount to nothing.
Mark Carney is one walking, talking, broken promise. And our job in the fall session will be one, to hold him accountable for the failures that are costing you more, endangering endangering your family, and weakening our country. But two, we're not just going to oppose out of control liberal crime, uh inflation, immigration, housing costs. We are going to propose real solutions that will mean stronger take-home pay, safer streets, secure borders, and a self-reliant Canada. When the election will happen will is unknown at this point, but what we do know is that when Canadians do one day go to the polls, they will be choosing between more liberal cost, crime, and chaos, or conservatives who will give you stronger stronger pay, affordable life, and safe streets.
That's right, and that's what we all need. And a lot of people were absolutely duped into thinking that Mark Carney was going to deliver this, and after almost 15 months, he's delivered nothing except for stealing half of Pierre Poilievre's ideas.
Not a great start if you're Mark Carney, but then again, the elbows up crowd is still they're [clears throat] still uh I don't know. They're still sitting there with their elbows up. Uh it must be getting uncomfortable, you know, how long can you hold your elbows up before your arms start to get sore? Makes you kind of wonder.
Now, there's a a clip here I played on a video yesterday, this clip up here, kind of the timeline of of Mark Carney.
But then they also added um Liz Truss's take on this, too, and I thought that was important, so I'm going to just play the whole thing.
This is from Dante Rossi. Says, "Mark Carney destroyed the UK economy as Bank of England governor with his reckless policies. And now he's doing the exact same thing to Canada right before our eyes."
So, let's have a look. This is a very important When he was Bank of England governor >> This this is a very important you know, piece of information that a lot of people need to start understanding.
And in July 2013, which is formally when Carney took over, just a month later, the Bank of England introduced something called forward guidance and Philip Wright and Sam Woods from Sweet Reason and Ruben Kindar saying that rates were going to be on hold for as long as the unemployment rate was above 7%, and they didn't see signs of wage growth. Well, in subsequent months, the employment rate started dropping, unemployment rate started dropping, wage growth picked up, which prompted the Bank of England governor in June 2014 to give that very famous Mansion House speech saying that the first rate hike could happen sooner than markets currently expect. It came with bit of a hawkish surprise for the markets, which also prompted a Treasury Select Committee member, the Labour MP Pat Pat McFadden, to liken Carney to an unreliable boyfriend. Unfortunately for the governor, that is a term that stuck with him. And the reference there was that he would sometimes talk on the economy, sometimes cool on the economy.
But clearly was guiding towards rate hikes. Well, the rate hikes never actually materialized because as we know, the country was in the grip of discussions over what would happen uh on a Brexit. And as you entered June 2016, we had that Brexit referendum. The Bank of England had previously put out multiple forecasts and prognoses of what would happen to the economy were a Brexit materialized. One of the criticisms that was leveled at the bank at the time, August 2016, maybe their most uh controversial move yet, that interest rate cut from 50 basis points to 25 basis points was met with a lot of backlash at the time because it was perceived to be political. The Bank of England justified it by saying they were doing a preemptive rate cut uh to ensure that economy kept ticking even post Brexit. And you can see here, October 2016 was the first time that Carney's tenure got extended. Now, interestingly enough, only about a year later, the Bank of England actually reversed the cut post referendum. And they hiked rates back from 25 basis points to 50 basis points. Also guiding to limited and gradual rate hikes in the future.
People assumed that that meant two to three hikes a year. Wasn't actually the case. It took them another year to hike to 75 basis points. And obviously rates have been there ever since. The mixed signals on the economy, uh but recently the signs and the language coming out of various MPC members, including Mr. Carney himself, have been a bit more cautious on the outlook here. And the latest guidance suggests that they may be pointing towards maybe one last cut at tomorrow's press conference. So all lies on that. But we do know that uh uh for Mr. Carney his pet project is climate change and after that after he steps down he will be going to be well working as a finest advisor for the UN climate change conference.
That's kind of interesting too, right? I forgot to touch on this yesterday.
Or maybe I did. I'll just touch on it again.
You know, you have Mark Carney who's this this climate guy and half of his cabinet are climate guys and girls and now he's talking about pipelines which us folks with common sense know he'll never even do it.
But all these you know, the climate zealots in his cabinet are getting pissed off.
It's kind of interesting, you know, he it's like he he's pissing off his own cabinet members and caucus for nothing.
Why talk about a pipeline? It's never happening.
And now that he's talking about doing it, he's pissing off his own his own little club.
Kind of funny, isn't it?
I think it is extraordinary that Mark Carney has become the Prime Minister of Canada. He did a terrible job in Britain of the governorship of the Bank of England.
He created a lot of the problems that blew up on my watch and that I got blamed for were actually created by him.
He backed Labour in the election and Rachel Reeves' policies which are leading the country to bankruptcy. So why on earth the Liberal Party of Canada has selected this man, I have no idea. And I think it is illegitimate that this guy has never been elected as a member of parliament in Canada. I'm you know, I'm utterly puzzled and you know, the Canadians Now, I'm I'm not going to tell the Canadians how to vote. Obviously I want the Conservatives to be elected to be elected in Canada, but I think it's it's Justin Trudeau has pursued a lot of the same policies that Europe has been pursuing.
And America has raced ahead of us.
Back at the turn of the millennium, the average Brit was catching up with the average American in terms of income per head. Wow. We are now $34,000 a year behind.
We are poorer than Mississippi, which is the poorest American state. And the same is true the same is true of France and Germany and to some extent of Canada. Yep. Because they've pursued all of these woke policies.
High taxes, high spending, not using their natural resources.
And Justin Trudeau was the architect of that. And of course, Mark Carney has been the advocate of these policies.
So, I don't know what is going on in Canada, but in the same way as I think people in Britain need to wake up to what the real threat to our country is, I think they need to wake up in Canada.
Absolutely. And then the problem is we're we're still asleep at the wheel.
Other parts of the world are starting to figure out, hey, you know, these liberal woke policies aren't doing anybody any favors except people who essentially own the world, own the assets.
Brookfield.
Mark Carney's old company. Where is Mark Carney's stocks in America? But yet Canadians believe that this guy has his elbows up and he's going to go fight Donald Trump and be the one to get a deal even though he there's no plan for Mark Carney whatsoever to get a deal of any kind.
He's got his He's got his majority.
Now, could he lose his majority?
Absolutely.
We know Jonathan Wilkinson's going to resign.
Nate Nate Erskine-Smith is going to resign. Now, they could win those seats back, but you know, at at what point is you know, we saw Anita Anand and Sean Fraser, they had one foot out the door the door before.
And that was made public how many other people were thinking about resigning and jumping ship?
And how loyal are they going to be, especially, you know, take someone like Gregor Robertson, who's who's also pissed off with Mark Carney.
Being a pretending to be some fiscal conservative social liberal isn't going to work in the modern Liberal Party. You got to be full-blown woke, full-blown liberal, or else they're going to turn on you.
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