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Friday, April 11, 2025

Links - 11th April 2025 (1 - Mark Carney)

Neil G. Oberman on X - "Last night in Calgary. Heckler: “There’s genocide happening in Palestine right now!” Carney: “I’m aware! That’s why we have an arms embargo!” Meet the new Liberals. Same as the old ones. While #Hamas still holds hostages (including Canadian). Shameful."

Just watched Carneys Scarborough rally : r/CanadianConservative - "He spent the whole time running away from every policy his party has had over the last 10 years and fearmongering about the Americans. NOTHING about the everyday cost of living, crime or immigration, just a whole lot of "elbows up" nonsense. 30 minutes of acting like the 51st state thing is a clear and present danger. He painted his plagiarised policies as "pragmatism" and said Pierre wanted to "divide and be conuered." Also, he said he wants Canada to be an "energy superpower" but he won't repeal C-69 or lift emission caps. All of this is, of course, absurd and absurdly dishonest, but it works. It's good politics right now, and some folks are falling for it, hook, line, and sinker. The elbows-up, "Orange menace wants to invade us" stuff works on boomers and low-information voters, and that's all you need to win."

Just watched Carneys Scarborough rally : r/CanadianConservative - "Liberal supporters amaze me with their capacity for doublethink.
   The Liberal Party under Trudeau ruined Canada. The Liberal Party is the party of "change" and will save us from the Liberal Party.
   Orange man bad. Orange man good because he endorses Carney.
   Elbows up, we love Canada. Canada is a post national state.
   Pollievre will sell us out to the Americans because he is "secretly" tied to American business interests. Carney will save us from the Americans because of his European and American business interests.
   Pollievre's security clearance is an existential threat to Canada, he's probably compromised, foreign interference is a big deal. Liberal foreign interference from China is "not a big deal."
   51st state is our biggest concern and a major existential threat to Canada. Carney is friendly with Trump, this will protect us from American annexation.
   Oil is evil and Carney says we need to have anti-oil policies. Carney is going to turn us into an energy superpower. "

Mark Carney's company, Brookfield, purchases module home company 'Modulaire Group' for $5 billion in June 2021...Mark Carney announces $35 billion of our tax dollars to go to modular homes : r/CanadianConservative

Mark Carney who keeps claiming a united Canada is how we will succeed is seen here disrespecting Danielle Smith. Just imagine what he says behind closed doors. : r/Canada_sub
Unity means left wingers can bash their opponents as much as they want, and if their opponents complain, they are being divisive and threatening national unity

Thread by @SNewmanPodcast on Thread Reader App – Thread Reader App - "Mark Carney just pulled off the greatest career con in history.  Elite connections and self-promotion landed him trophy jobs.  But British media warned for YEARS that he doesn't deliver results.  A warning from our commonwealth friends that Canada should listen to:
His resume looks impressive:
• Governor of Bank of Canada
• Governor of Bank of England
• UN Climate Change Envoy
• Chair of Brookfield Asset Management
The perfect CV for running a country. But there's something the British press spotted right away that we missed...
Both left and right-wing British media described Carney the same way:  "The epitome of a remote, globalized, technocratic elite. Very good at self-promotion, at collecting trophy jobs, and negotiating generous salaries for himself."  But they noticed something else too: "He is just not very good at delivering."  That's not from some far-right outlet.  That's from mainstream British newspapers who watched him work for nearly 7 years.  And while Canadian media celebrated his appointment, the Brits saw something entirely different...
The Guardian's economics editor called Carney intellectually confident but lacking substance.  "His answers to questions often went on for several minutes, making them pretty much unquotable."  In a 30-minute interview, he realized Carney "had said nothing that would remotely make a news story." The Daily Telegraph was even more blunt:  "Over eight years at the Bank of England, Carney was at best an indifferent governor, and, at worse, a disappointing failure."  This despite earning over £600,000 a year – far more than any of his predecessors.  Here's where it gets interesting:
The City of London nicknamed him "the unreliable boyfriend" for his constant changes of direction on interest rates.  His policies led to UK inflation hitting 11.1% – much higher than France (5.2%) or Italy (8%).  The blame? The Bank "had printed too much money."  Sound familiar?
But the most damning critique wasn't about his economic decisions.  It was about his character.  British journalists "caught glimpses of his volcanic temper" and bank staff "were wary of getting on the wrong side of him."  "He was respected but not especially liked." We've already seen flashes of this temper in Canada.  When CBC's Rosemary Barton questioned his blind trust arrangements, Carney snapped:  "Look inside yourself. You start from a prior of conflict and ill will."  This from our new PM when faced with basic journalistic questions.
After leaving the Bank of England, Carney's Climate Alliance began falling apart.  Major banks like JP Morgan, Goldman Sachs, and Citibank pulled out.  The Financial Times described it as "unravelling."  Yet another impressive title with lackluster results.
Here's what makes Carney's rise so fascinating:  Despite consistently underwhelming performance, his career kept advancing.  He mastered the art of failing upward.  Each prestigious title became a stepping stone to something bigger, regardless of actual achievements. And now he's Prime Minister of Canada.  As we face economic challenges and Trump's tariffs, we've handed the keys to someone the British media described as having "left behind a trail of wreckage in every major job he has ever held."  We should have listened to their warnings.
The British experience with Carney should be a wake-up call for Canadians.  A carefully curated CV and elite connections don't guarantee real-world results.  The question isn't whether Carney looks good on paper.  It's whether he can actually deliver when it matters most. I'd suggest we all pay more attention to what people DO rather than what they SAY.  The British saw behind Carney's polished image. They recognized style over substance.  As a Canadian, I hope we don't learn this lesson the hard way.  But we'll find out on April 28th."
Left wingers keep talking about "qualified" people and "qualifications", but they obsess about positions held, rather than results or achievements
The same people who said Trump had no business being President because he was the first with neither political nor military experience endorse Carney, who has never won a popular election and just fails upwards

Mark Carney claims Pierre Poilievre is the type of politician that “sees opportunity in tragedy.” Mark Carney also said the pandemic offered a “huge economic opportunity” for rich climate grifters such as himself to usher in their sustainable economy. : r/CanadianConservative

Mark Carney hanging with Epsrein Islands Ghislaine Maxwell (thoughts?) : r/Canada_sub
Time to start ranting about Donald Trump again, even though there is no suggestion of wrongdoing, and the lawyer for one of Epstein's victims cleared him, and said he was the only one subpoened who was fully cooperative

Marc Nixon on X - "Watch Mark Carney say climate change is an existential threat. He says: If you’re not the solution to net zero you will be punished. This guy sounds more and more like a dictator. He is Justin Trudeau on steroids."

The baggage Mark Carney is bringing to his prime ministerial bid - "He’s in a photo with Ghislaine Maxwell
He has multiple citizenships
He’s the international face of “net zero”
One of the biggest electoral liabilities for the Liberal Party right now is their climate policy. Although the Trudeau Liberals were always very open about their intention to pursue an aggressive policy of emissions reduction, the carbon tax very quickly came to rank among their most unpopular policies. With Trudeau announcing his intention to resign, party insiders are now openly speaking of ditching the carbon tax altogether. This would be a harder tack for Carney, given that he’s one of the founders of the Net-Zero Banking Alliance, a consortium of major financiers pledged to “net-zero” emissions by 2050. Carney was also the UN Special Envoy on Climate Action and Finance.  The Net-Zero Banking Alliance is faring about as well as the Liberal Party these days: Just last week, Morgan Stanley, Citigroup and Bank of America all defected from the group.  It also means there’s plenty of video around of Carney saying that businesses who do not sign on with centralized decarbonization efforts should be punished.  “The companies, and those who invest and lend in them, who are part of the solution, will be rewarded. Those that are lagging behind, and are still part of the problem, will be punished,” Carney said in one interview with the United Nations’ Climate Action office.
His tenure as Bank of England governor wasn’t all that great...
Carney was also one of the central figures of what the U.K. tabloid press has dubbed “Project Fear”; an organized effort warning of dire financial consequences if the U.K. followed through with its exit from the European Union. Carney’s successor, Andrew Bailey, has now publicly acknowledged that many of those warnings were overblown. He’s had a Canadian government job at the exact same time his company has been lobbying Ottawa for billions  It was in September when Carney got his first official link to the Liberal government by being named as a senior economic advisor to the prime minister. Unusually, though, it was a position with the Liberal Party of Canada rather than one with the Prime Minister’s Office. As Conservative critics pointed out at the time, this would have allowed Carney to take the job without going through the usual conflict-of-interest disclosures required of a prime ministerial aide.  He also got the job at the exact same time that his company, Brookfield Asset Management, was lobbying Ottawa on a $50 billion pension fund that would be directed towards Canadian assets. Brookfield was asking the federal government to pony up as much as $10 billion for the fund."

Mark Carney’s company accused of ‘massively underreporting’ emissions - "Brookfield’s true carbon emissions are as much as 13 times higher than what it officially discloses, campaign group Investors for Paris Compliance (I4PC) has alleged, claiming that the Canada’s largest private equity investor is excluding key parts of its business.  Former Bank of England governor Mr Carney is the chairman of Brookfield, alongside his role as special UN envoy for climate finance and action."
Climate change is definitely his priority

Mark Carney is not fit to be Canadian PM | The Spectator - "it takes only a cursory glance at his record as Governor of the Bank of England to work out that Carney’s reputation is completely overblown... it is now clear that he was not actually very good. The Bank made a whole series of mistakes under his management. Growth was consistently weak. The Bank printed way too much money, stoking an asset bubble, and ultimately triggering the highest inflation rate in the G7. It badly misjudged the impact of the UK’s departure from the EU, allowing itself to become politicised as part of ‘Project Fear’. It lost control of regulation, as became clear during the ‘liability-driven investment’ crisis during the Truss premiership. And it allowed the City to start losing its position as a leading financial centre, a trend that has accelerated since he left. It is hardly a very inspiring record.   It has gotten even worse since then, with Carney becoming one of the most enthusiastic supporters of Rachel Reeves during the run up to the election, praising her expertise and vision. Whatever your politics, it is surely now clear that Reeves is hopelessly out of her depth, and is turning into one of the worst chancellor’s of the modern era. Again and again, Carney’s judgement has been terrible"

Terry Newman: How fast will Carney flee if he loses election? - "Carney didn’t just win the party’s leadership race, he won the highest seat in our government, without ever being elected by Canadians, not even as a member of Parliament... he told us that his leadership will be one of “fiscal responsibility, social justice, and international leadership.” Except, have you ever seen a government be focused on social justice while at the same time being fiscally responsible? There’s only one way that can happen — on the backs of taxpayers... Carney, who often speaks in religious and moralistic tones, went into full saviour-mode during his acceptance speech, repeating the last line that his campaigners at his recent event in Mississauga, an event where he refused to take questions from media , told me was a sign his speech was almost over: “I feel like everything in my life has helped prepare me for this moment”... Carney claims he’s going to give Canadians “big changes.” He told the audience that “people want change.” Yet, there he was, on stage, accepting the leadership of a party that Canadians wanted change from, a party that he was courted by in 2011 and has been fiscally advising since at least 2020, whose members he didn’t even bother to attack during the leadership debate. Change? Who is he kidding?... The choice to “serve” was taken away from every other elected MP who wasn’t a Liberal in the House of Commons through no fault of their own. They were blocked from serving by Justin Trudeau, who prorogued government in the face of a potential non-confidence vote. So much for representative democracy! Neither the “consciences” of Mark Carney nor Liberal MPs appear to appreciate that... And Carney treated the tariff war with the U.S. with the seriousness of a hockey game... Canada could start by acknowledging the fentanyl crisis exists and that we’ve been apathetic about our border and national security for a long time. You know, humility, the word that Carney uses often, but doesn’t appear to understand the meaning of. These are real issues. Many Canadians just don’t like it being pointed out to us by our neighbours to the south."

Jamie Sarkonak: Mark Carney has forever politicized the Bank of Canada - "The high price of Carney’s bid for power? The politicization of the office of central bank governor, and perhaps other classically non-partisan posts. We’ll be paying that one for a long time, and it’s not likely we’ll be better off for it. Carney is the first of nine Bank of Canada governors to run in politics. His predecessors all went on to become Order of Canada recipients, honourary degree holders, corporate executives, university administrators — even commentators who give scathing reviews of federal budgets. They continued to participate in the life afforded to former public servants of high rank, but wisely stopped short of running for election... The luxury we received in exchange for their self-restraint was a history of governments that could afford to make politically grey appointments to key unelected roles. They didn’t necessarily need political allies; they could select for competency; they perhaps didn’t need to conduct as extensive political vetting of appointees because it wasn’t as necessary. Some jobs within the government were too critical for their holders to ever tarnish their purity by running in an election... Carney probably won’t get the ire he deserves for politicizing the central bank to the degree he did. Indeed, if the world was just, you would have seen it happen already. After all, when Pierre Poilievre, as the Conservative party’s leadership contender in 2022, said he would fire current Bank of Canada Governor Tiff Macklem, he received a mountain of criticism for inappropriately politicizing the office — even though it’s within the right of Parliament to fire the governor by way of legislative change, and even though a precedent for doing so has already been set... From now on, every prime minister will have to consider whether his or her top pick for central bank governor will use the job as a springboard to run for office; every Bank of Canada governor with slight political aspirations will have to consider whether his or her calls to raise or lower interest rates will tarnish his or her public standing. It doesn’t matter that Carney is no longer in the role; the fact that he once held it is enough. The same understanding is what keeps former Supreme Court of Canada justices from running for public office (for now …)."

Carney pitches national unity — just not with Conservatives: Selley - "Politicians of all stripes are likely correct when they say it will require unusual levels of national unity to remake Canada into something other than an unacknowledged American vassal state. “We’re facing the greatest crisis of our lifetimes. We have to do extraordinary things, and together. We have to build things that we’ve never imagined we had to do, at a pace that we never would have believed possible,” Carney told the Liberals assembled in Ottawa on Thursday evening. Poilievre, Carney then opined, would stand resolutely athwart any such ambitions. Carney didn’t show his work on that, because he can’t. At no point will Pierre Poilievre ever have (or desire) a mandate to weaken the Canadian economy in an effort to curry favour with The Donald. He has just as much incentive as the Liberal leader, past or new, to say nasty things about Trump, and all signs are that he’s willing to say those things. Really, it’s a wash: Carney and Poilievre don’t disagree, fundamentally, at all on the question of how to deal with Trump. And most Canadians agree with them that “elbows up” is the best approach. So what Canadians deserve now is an immediate election campaign on how best to respond to this unfortunate new reality into which we have been thrust."

Meet Mark Carney, Canada's next prime minister - "Carney’s problem, potentially, is that his life reads like it was purposefully built to present a ready-made political leader, and perhaps it was, but it is one finally complete at a time this particular image is waning. With populism and skepticism increasingly creating distrust of elites, globalism, higher education and the establishment, could it be that Carney missed his sweet spot?... the Bank of Canada was denying a front-page story in Britain’s Financial Times newspaper saying the Bank of England was courting Carney to be their new governor. When Carney was asked directly about it, he said the article was not accurate. Soon after, he cut his seven-year governorship short to become governor of the Bank of England... Working with the government may have helped him access the party he would soon be asking to vote for him, but it also wrapped the popularity anchor of Trudeau around his waist. Likely understanding Carney’s maneuvres, Conservative House Leader Andrew Scheer called a press conference to coincide with the Liberal retreat to publicly say that Carney and Trudeau are “basically the same people.”... Carney, of course, is an outsider only in the most technical sense of not being a long-time party member, elected MP or in Cabinet. But he has friends in high places, even among those he ran against for leadership. If he was an outsider he was a most thoroughly connected outsider, so connected he was basically inside. The distinction, though, allows him to chastise the Liberals for not showing enough fiscal discipline with a straight face, because he wasn’t at the Cabinet table. It is one thing to win a party’s leadership. It’s another to win a general election. A series of party leaders have found that out the hard way. An obvious comparison is Ignatieff, who also was praised, like Carney, for his intellectual heft and experience abroad. He failed miserably at connecting with the masses... Carney seems to understand the zeitgeist. Such are the times that his online leadership campaign biography doesn’t mention Harvard, or Oxford, or Goldman Sachs, or even private banking. It does mention his hockey goaltending as an adolescent... He wasn’t forthright about the recent move to the United States of the head office of Brookfield Asset Management, a publicly traded company for which he was chairman of the board, and then he didn’t own up to the mistake, or the lie. He was also found not to have yet resigned from some international roles despite saying he had. He spread shockingly wrong information about Canada’s importance in the semiconductor supply chain. In the English leadership debate he spoke in clipped passages, as if reciting PowerPoint slides while struggling to keep it simple."

Brian Lilley on X - "Canada will be a conventional energy superpower Mark Carney has said in English. Listen to this question and answer in French where the PM automatically defers to the provinces and downplays the idea of pipelines for oil and LNG. Why? Quebec."

Brian Lilley on X - "And with that, Donald Trump endorses Mark Carney because Pierre Poilievre isn’t nice enough to him."
Jonathan Kay on X - "Carney may not have a mandate from Canadian voters. But he has one from Donald Trump, King Charles, and Europe’s Central bankers."

Stewart Green 🇨🇦 on X - "Son of a former PM thinks we elect prime ministers. You really can’t make this up. SMH"
Ben Mulroney on X - "I’m beginning to think you and your Gaslight Gang are the ones who don’t understand the difference. When people refer to Carney as unelected, it is not based on the belief that “we elect Prime Ministers.“ it’s that he quite literally, and exclusively doesn’t have a seat in the HOC."

John Brennan on X - "CBC’s Rosemary Barton was unprofessional when she implied to PM Carney that he was lying about his blind trust. This was a personal attack against him. CBC needs to impose a disciplinary measure and issue a formal apology to PM Carney."
Jonathan Kay on X - "turns out the only thing we needed to do to get progressives on board with clearing the rot at the CBC was for Dear Leader to be criticized"
It's only fascist to attack the media when it hurts the left wing agenda. Left wing leaders are above scrutiny

Tasha Kheiriddin: No, Carney, you're the one who must 'look inside yourself' - "At a news conference in London , Globe and Mail reporter Stephanie Levitz and CBC News anchor Rosemary Barton grilled Prime Minister Mark Carney on his personal finances. “For a guy who has spent most of his life in the private sector, there’s no possible conflict of interest in your assets,” Barton insisted . “That’s very difficult to believe.” An exasperated Carney told Barton to “look inside yourself, Rosemary” and accused her of coming from a “prior (assumption) of conflict and ill will.” He went on to add, “I have served in the private sector. I have stood up for Canada. I have left my roles in the private sector at a time of crisis for our country. I’m complying with all the rules.” This rather cringey exchange taught us two things. First, Carney needs more media training: news conferences aren’t therapy sessions, and scolding journalists is what the media slams Conservatives (and U.S. President Donald Trump) for doing... if the new PM isn’t careful, he will blow one of his main advantages, which is that voters consider him more “likeable” than his Conservative rival, and less arrogant than his predecessor, Justin Trudeau... Trudeau’s ethical lapses were legion... Carney is facing scrutiny for his work as Brookfield Asset Management’s head of transition investing, in which he oversaw the financing of billions of dollars in net-zero projects around the world... there are legitimate questions as to whether he would personally benefit from net-zero policies going forward"
Conflicts of interest are only problems if they hurt the left wing agenda

Carney needs better response to financial questions: Experts - "“Every time he’s asked about his connections to Brookfield Asset Management or his conflicts, he becomes defensive. He deflects and then he attacks,” Barrett said.   “Apparently, he thinks answering questions on this subject is beneath him.”  Until he ran for the Liberal leadership, Carney was also on the boards of business media empire Bloomberg and the payment processor Stripe... Sarbjit Kaur, founder of the public relations firm KPW Communications, said “intensive media training is absolutely necessary” so he can handle tough questions without appearing confrontational. The tendency to get “defensive, evasive, or dismissive” shows Carney’s lack of experience in the hot seat of political leadership... he’s the first Canadian prime minister never to have been elected at any level of government... Amanda Galbraith, a partner at the crisis communications and strategic management firm Oyster Group, said Carney’s response shows how he is grappling with the differences between being a central banker — a public-facing bureaucrat, essentially — and a politician.   “There’s just less respect, candidly, for you as an individual when you’re in that role, and I think we saw him get prickly and testy and somewhat condescending in tone,” said Galbraith, who has also worked as a Conservative staffer.   “That is a real weakness and soft spot for him that he has to guard against.”"

Mark Carney's cabinet is more of the same, only weirder: Selley - "Windy pronouncements are a constancy, certainly. On his way to Rideau Hall Friday morning, Carney told reporters, “We are a very focused government, focused on action and we are going to get straight to work.” “Today, we’re building a government that meets the moment,” Carney wrote on X. “Canadians expect action — and that’s what this team will deliver. A smaller, experienced cabinet that moves faster, secures our economy, and protects Canada’s future.” Look at those sentences and sentence fragments. Bask in their Trudeauvian emptiness. Savour... Baffling decisions seem to be a constancy: Marco Mendicino is Carney’s chief of staff. Yes that Marco Mendicino: The hapless ex-cabinet minister whose greatest hits include claiming no one at Correctional Service Canada (CSC) told his public safety ministry that Paul Bernardo was being transferred to a medium-security prison; then admitting that CSC did tell his ministry, but claiming his ministry didn’t tell him; and then allowing CSC’s untenable decision to stand anyway. (A prison break would sure spice up the election campaign, wouldn’t it?) Inscrutable change: The carbon tax is being cancelled, as a first order of business, which is a stinging rebuke to Trudeau — or it would be, if Trudeau were capable of feeling rebuked. But then, more constancy: Carney clearly believes carbon taxes are a good way to reduce emissions. While running for the Liberal leadership he said, “the consumer carbon tax isn’t working (because) it’s become too divisive” — note, not because he thought it was bad policy. Constancy: Whatever “system of incentives” a Carney government designed “to reward Canadians for making greener choices, such as purchasing an energy efficient appliance, electric vehicle or improved home insulation” and taxing emitters — as were his leadership-campaign promises — will cost taxpayers one way or the other. (One of the funnier media narratives to take hold in the early days of the Carney era is that by ditching Trudeau’s carbon tax, the new PM has neutralized the issue such that the Conservatives can’t use it against him. By that logic, the Liberals can’t use abortion rights against Poilievre because he has forsworn introducing or supporting any legislation on the matter.)"

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