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610 CKTB The Liberal Convention Sold CDOs (Cognitive Dissonance Options) · Kvetch & Release

• 0:00
  Speaker 1: All right, one of the great storytellers on this show
• 0:03
  Speaker 1: is John Lidkey. He is joining us this morning.
• 0:05
  Speaker 2: Good morning, John, Good morning Jeane.
• 0:08
  Speaker 1: So the Liberal Convention in Montreal this past weekend wrapped
• 0:11
  Speaker 1: up on Sunday, some interesting things coming out of it.
• 0:14
  Speaker 1: One of the main headlines coming out of the convention,
• 0:18
  Speaker 1: and this really took me by surprise, was a proposal
• 0:21
  Speaker 1: from the former CFO of Google. His name is Patrick Pinchett,
• 0:27
  Speaker 1: and he floated the idea. I don't know if Mark
• 0:29
  Speaker 1: Carney was too happy about this, by the way, but
• 0:31
  Speaker 1: he floated an idea of a half a million dollar
• 0:35
  Speaker 1: exit tax for educated Canadians leaving the country, getting what
• 0:40
  Speaker 1: they call a TN and then moving to the States.
• 0:43
  Speaker 1: What was your reaction to.
• 0:44
  Speaker 2: That matter, Lunacy, This is a policy that was obviously
• 0:49
  Speaker 2: birthed in a sterile boardroom of his adult brain. At
• 0:53
  Speaker 2: this point, this would explode like a cartoon on border communities, Gene.
• 0:58
  Speaker 2: We are not talking about protecting Canadian assets from fleeing
• 1:02
  Speaker 2: the country. We're talking about an administrative siege on the
• 1:04
  Speaker 2: middle class. If the government starts viewing our loans as
• 1:08
  Speaker 2: triggers to a half million dollar penalty. Oh, my gosh,
• 1:12
  Speaker 2: imagine what they're going to start taxing next. If they're
• 1:15
  Speaker 2: treating us like indentured servants. If this is actually going
• 1:18
  Speaker 2: to be implemented, this is the ultimate admission of failure.
• 1:22
  Speaker 2: If they actually do this, this is the statement of
• 1:26
  Speaker 2: we can't build an economy. We are going to force
• 1:28
  Speaker 2: you in. We're going to build a cage and you're
• 1:31
  Speaker 2: never able to leave.
• 1:33
  Speaker 1: You've often used the roadrunner in Wiley Cody metaphor for
• 1:37
  Speaker 1: our region and for your region down there in Windsor.
• 1:42
  Speaker 1: You know, a proposal like this, a half a million
• 1:44
  Speaker 1: dollar tax that would really threaten our regional DNA, especially
• 1:48
  Speaker 1: here in the Niagara region.
• 1:51
  Speaker 2: Yeah, think about in Windsor. We've got five thousand nurses
• 1:53
  Speaker 2: who cross the border every day to go work in Detroit.
• 1:56
  Speaker 2: Is the government going to start saying that yous five
• 1:58
  Speaker 2: hundred thousand dollars for that luxury to work over there?
• 2:01
  Speaker 2: If they pull that, I can tell you most of
• 2:03
  Speaker 2: those workers are going to decide, you know what, living
• 2:05
  Speaker 2: in Canada's not worth it. I'm going to go do
• 2:07
  Speaker 2: the final thing and move there.
• 2:10
  Speaker 1: You know, there's a bit of a I guess we
• 2:13
  Speaker 1: could call it the pischette, paradox or hypocrisy. The irony
• 2:18
  Speaker 1: here is that the guy who suggested this suggested the idea,
• 2:22
  Speaker 1: the former a CFO of Google. He built a massive
• 2:26
  Speaker 1: career at Google in the US. So why is he
• 2:30
  Speaker 1: giving us this message?
• 2:32
  Speaker 2: Well, this is the classic elitist do what I say,
• 2:35
  Speaker 2: not as I do. I mean, come on, this is
• 2:37
  Speaker 2: not a sobering pitch. I mean it's sobering in that sense,
• 2:41
  Speaker 2: but it's not sober in terms of the mindset. I'd
• 2:43
  Speaker 2: rather our Senate go and look this ober and quite frankly,
• 2:46
  Speaker 2: I don't have much faith in them these days. This
• 2:49
  Speaker 2: is just it's a masterclass gene and cognitive dissonance. These
• 2:53
  Speaker 2: are global elites sipping champagne, sitting in Montreal high exclusive
• 2:58
  Speaker 2: clubs while trying to clip the wings of the next
• 3:02
  Speaker 2: generation of Canadian talent.
• 3:04
  Speaker 1: Now, I was one of those people who crossed the border.
• 3:07
  Speaker 1: I didn't get a TN I had something called a
• 3:10
  Speaker 1: one and I lived and worked legally in the States
• 3:13
  Speaker 1: for a number of years. I wanted to come back,
• 3:16
  Speaker 1: and I know many Canadians who go to work down
• 3:19
  Speaker 1: there find things like food is less expensive. Yes, they
• 3:22
  Speaker 1: have to pay health insurance, but housing is less expensive.
• 3:27
  Speaker 1: It's an American can be if you're in the right city,
• 3:30
  Speaker 1: a very affordable place to live. And I think there
• 3:32
  Speaker 1: is a lure among many Canadians who really do want
• 3:36
  Speaker 1: to work and check it out like me.
• 3:39
  Speaker 2: Absolutely so, but let's not try to push them there.
• 3:41
  Speaker 1: Yeah, okay, short answer, you nailed it. Also from the convention,
• 3:48
  Speaker 1: some bizarre optics. Right before the convention, we have this
• 3:52
  Speaker 1: Conservative MP from Sarnia, Maryland, Gladeu, who ran for the
• 3:57
  Speaker 1: Conservative leadership, who was pro convoy, who five weeks ago
• 4:02
  Speaker 1: in the House during question period carved the Prime Minister
• 4:05
  Speaker 1: a new one, said that the Liberal party was corrupt
• 4:09
  Speaker 1: and just follow the money and you'll find the corruption,
• 4:12
  Speaker 1: and on and on and on, and then all of
• 4:14
  Speaker 1: a sudden, I'm a Liberal. It was bizarre.
• 4:19
  Speaker 2: I can't wait to see the new Signia Convention Center
• 4:23
  Speaker 2: or whatever the heck it is that this pork barrel
• 4:26
  Speaker 2: project is. Let's be honest, this is a quid pro quo.
• 4:30
  Speaker 2: She stated as such in her lettered constituents. She said,
• 4:33
  Speaker 2: this will get us more things than sargnya.
• 4:35
  Speaker 1: Come on, really, yeah, well, she said her constituents wanted
• 4:40
  Speaker 1: her to leave as well.
• 4:41
  Speaker 2: I don't buy it.
• 4:42
  Speaker 1: No, And because you know what happens every time a
• 4:44
  Speaker 1: politician does this, and there have been five within the
• 4:48
  Speaker 1: current sitting of the House. They always say, you know,
• 4:51
  Speaker 1: the reporters always show up at the writing and they
• 4:54
  Speaker 1: asked like two dozen people. And I saw an interview
• 4:58
  Speaker 1: on one of the networks. The other somebody went down
• 5:00
  Speaker 1: to Sarnia a reporter and they're interviewing people everywhere and
• 5:04
  Speaker 1: they were really upset that she crossed the floor.
• 5:07
  Speaker 2: Yeah, I don't know how you could be happy. She
• 5:10
  Speaker 2: won with a pretty solid majority. Quite frankly, these people
• 5:14
  Speaker 2: didn't vote for a liberal. I don't think you're going
• 5:16
  Speaker 2: to go and make you very convinced that they like
• 5:18
  Speaker 2: liberals overnight. I mean, congratulations, Marilyn Lado, You've got yourself
• 5:23
  Speaker 2: the next term and that's it.
• 5:26
  Speaker 1: Well after the bye elections, I'm not going to use
• 5:29
  Speaker 1: the phrase the Prime Minister won a majority because he
• 5:34
  Speaker 1: did not win a majority. He secured a majority because
• 5:37
  Speaker 1: of these floor crossers. And you know, I again, I'm
• 5:41
  Speaker 1: a political orphan right now. I'm looking for a party.
• 5:44
  Speaker 1: But I tend to agree with Pierre Paliov last night
• 5:46
  Speaker 1: when he said the Liberal majority came from backroom deals
• 5:50
  Speaker 1: with politicians who betrayed the people who voted for them.
• 5:54
  Speaker 1: And I think he's very accurate in saying that it's.
• 5:57
  Speaker 2: Not the strong, stable majority that Steven Harper gave us.
• 6:00
  Speaker 2: Let's be honest. No, this was backroom deals and we're
• 6:03
  Speaker 2: going to all have to live with.
• 6:05
  Speaker 1: This game now. I need to know what they've accomplished, because,
• 6:09
  Speaker 1: as I said on Volitis on the News, I listened
• 6:11
  Speaker 1: to Daniella Martin's speech. She's a new MP for University
• 6:15
  Speaker 1: Rosedale in Toronto, and she was talking about all the
• 6:18
  Speaker 1: things the Liberal Party was going to do and I
• 6:22
  Speaker 1: was listening to it, and I said, well, that's what
• 6:24
  Speaker 1: Mark Karney said a year ago in his acceptance speech.
• 6:27
  Speaker 1: And I haven't seen any real tangible results, to be
• 6:30
  Speaker 1: honest with you.
• 6:33
  Speaker 2: Neither by quite frankly, this has been a government that
• 6:35
  Speaker 2: has been trying to undo the actions of the past government.
• 6:38
  Speaker 2: So maybe we'll start to see some moves forward in
• 6:41
  Speaker 2: terms of setting their own agendas, but I'm not confident.
• 6:44
  Speaker 2: I think they're just selling a lot of vibes.
• 6:47
  Speaker 1: I think you're right. Well, we'll see if the Prime
• 6:48
  Speaker 1: Minister says in fifteen minutes about the tax on gas
• 6:52
  Speaker 1: and whatever you do if you cross the border, I'm
• 6:54
  Speaker 1: charging you a half a million bucks.
• 6:56
  Speaker 2: Mister Nah, there you go. Thank you, Gene.
• 6:59
  Speaker 1: Thanks John, take care. John Lidke is one of the
• 7:02
  Speaker 1: great storytellers we have on the show.