← The Daily Show: Ears Edition
The Daily Show: Ears Edition
Jon Stewart on LA Wildfire Blame Game, Canada Not Into Statehood
00:43:10
Loading summary
Transcript175 lines
- [00:01]
Jon Stewart
You're listening to Comedy Central from the.
- [00:08]
Mark Carney
Most trusted journalists at Comedy Central. It's America's only source for news. This is the Daily show with your host, John Stewart. Hello.
- [00:44]
Jon Stewart
Welcome to the Daily Show. My name is Jon Stewart. We. We got a great show for you tonight. I didn't even want to tell you this before. Economist Mark Carney is here. Ye. You asked for it. We listened. We will be discussing whether or not he's going to run to be the Liberal Party of Canada's new leader or if he will be the governor of our 51st state. We're not sure yet. But of course, all news pales in comparison to what is occurring right now in the state of California. A horrifying inferno whose danger even now has not passed. But even amongst the tragedy and sadness, there have been incredible moments of human compassion and kindness. Neighbors looking after neighbors. Charitable contributions pouring into GoFundMe from all areas of the world. Mainly the tireless and heroic actions of firefighters in the California region. Some of them prisoners fighting with incredible bravery and tenacity. Rescue workers from all over the country. Rescue workers from outside the country. Rescue workers from Mexico. Mexico. Damn y'all. Open borders. Biden. Well, I. I guess they are sending us their best. You want to know how bad it is in California right now? Here's how bad it is. President Volodymyr Zelenskyy has offered to send 150 Ukrainian first responders to help battle the wildfires. We're so that a country that has been relentlessly bombed for almost three years was like you poor bastards. But it is a testament to the resilience of the human spirit of man's ability across cultural and political and religious lines in times of crisis to appeal to our better angels. As Archbishop Desmond Tutu once said, we are made for goodness and love and compassion. Or as our own president elect put it, Trump shared a meme on Truth.
- [03:20]
Mark Carney
Social of fires raging behind the Hollywood sign, which was photoshopped to read Trump was.
- [03:32]
Jon Stewart
Appropriate. Thank you, Mr. President. I'd almost forgotten your penchant for casual cruelty and dick foolery. Flames. Nice touch on the. On the graphics. Surely you won't be content with just trolling those in dire need. Surely you also see this as a merch. Portunity. The New York Post posted these images of President elect Donald Trump driving a golf cart wearing a Trump was right about everything hat. Trump was right about almost everything. I wouldn't say he was right about the outfit. Choice. Rule of thumb, never dress in the same color scheme as the Upholstery of your own vehicle. Unless, wait, perhaps Trump has reached his highest form. Part man, part golf cart, all cholesterol, I guess. RFK Jr. Stat. Okay, but Trump is going to troll. The problem now is Republicans appear to want to attach their I told you so's as a condition of funding California's disaster relief.
- [04:53]
Mark Carney
I expect that there will be strings attached to money that is ultimately approved.
- [04:57]
Jon Stewart
I think there should probably be conditions on that day. That's my personal view. Before we put funds into place, we've got to find out exactly how we're going to hold these leaders accountable and what sort of policy changes are required.
- [05:09]
Mark Carney
There can't be a blank check on this.
- [05:11]
Jon Stewart
They don't deserve anything, to be honest with you.
- [05:13]
Mark Carney
Unless they show us they're going to make some changes.
- [05:16]
Jon Stewart
What the is wrong with you? Really? Senator from Alabama, the state near the bottom in math, reading and test scores. Next time you get hit by a hurricane, why don't we have a little parent teacher conference to see that if you got your scores you would get the money. Or actually let's not do it cuz you'll get the money anyway. Cuz we're not psychos. That is psychotic. There's something wrong with you. And you know what? And here's the thing. I can do the Daily Show. Thank you. And run down all the congress people and senators on the right calling for conditions on disaster aid that absolutely had the opposite view when it was their state on the line. We need to do everything we can. We have citizens that are literally gonna get worse by the day. Shut the up. Because I can do it. But it doesn't even matter. I'm not even gonna do it. Because red states are always the tragic victims of circumstance outside of their control. And Democrats always vote for their aid. Whereas blue state disasters are a function of their flawed morality and policy. And if we help blue state survivors, well, what message will that send? What lesson will they learn? But fine, if strings must be attached, what be the strings? The problem with California is forestry management. Oh yeah, it's true. I didn't. It's true. The management of the forest, you have to rake the leaves and shut down the illegal elf tree cookie factory. It's a. I understand. And what a great, utterly anodyne suggestion. I mean, what forest couldn't be managed better? I mean, if you've been to a forest lately. Chaos. It's chaos. Dirt and leaves and what is that bear shit? I'm sure I want to see the manager. Okay, so we get the Money. If we have better forest management, everybody then gets food and clothes. What else?
- [07:19]
Mark Carney
They've not done the necessary work to make sure there's fresh water flowing into key areas.
- [07:24]
Jon Stewart
Oh, water. Mmm. Yeah. No question, no question. Water for the fire. I'm gonna get that message to the firefighters. Toot sweet water is so important. Water is a terrific fire. I don't even want to say the R word. But I. But as I always say. What do you got there, Mr. Fire? Nothing like water. Water works on all kinds of fire except for one kind of fire, but I don't know which one that is. But odds are with you. Point taken. Forest management. And get some water up here and then your children may have blankets. These are all great pointers on how to mitigate fires. And I'm sure California has absolutely been trying water and forest management. Maybe not good enough, but they have it. There's one thing you might not be considering as you criticize him and that's this. I don't know what kind of a system you can develop that completely mitigates the risk of fire. Plus drought conditions, plus 60 to 80 mile per hour winds, plus delicious wood. Look at this. Look what's happening right there. Do you see this fire? A tornado. Rake your way out of that. You understand? I love the blame game. I love the blame game. I play it all the time. But the fires aren't out. And the fire. A tornado. The only thing that would stop that is the absence of oxygen. Which if I'm being honest, we could do. Hear me out. There's something, something called a cloche. A cloche is a covering. You've probably seen it in pie shops. You can put a cloche now if I just. Very quickly. Guys, that's the continental size cloche that we had on a previous program suggested for immigration reform. We need a little more casual. Guys. Can you check on the sideboard behind the gravy frigates? If it's not there, it's under the sink. The California. That's it. The California closure. Airtight. It's the best way to smother a Los Angeles sized fire. And if you live in New Jersey, keep a pie fresh in a diner for eight to nine years. The cloche. I am going to make cloche happen years from now. Then I'm gonna get a hat that says Joan Stewart was right about everything. Hey, all you idiots are dead. Told you so. But these people don't actually care. They're not actually trying to find a solution. They're just trying to work their pet issues. Into this tragic situation. It's confusing, but thankfully some people are being more explicit in their conspiracy theories on X. Representative Marjorie Taylor Greene asked, why don't they use geoengineering like cloud seeding to bring rain down on the wildfires in California? They know how to do it. Who is they, Margaret? Are you perhaps referring to the they ish people? Is that. Is that what it is, Margaret? The very same people that control the area on fire? Why would we they destroy the very industry we they control when we also have the means to bring the rains? We have space lasers and we can bring rain. The clues are there, Margaret. Alex knows. Alex Jones wrote that Los Angeles fires are part of a larger globalist plot to wage economic warfare and deindustrialize the United States before triggering total collapse. Oh, all right. Well, it's Alex Jones. He is certainly known for this type of thinking. I don't believe anyone is going to be taken in by this type of post. Elon Musk responded to that post by writing, true. Now I feel sad, but unfortunately a lot of the information that's out there is not correct. And because of poor forest management, that information just jumps, igniting into larger and larger nonsense infernos that coincidentally seem to reinforce whatever grudge any of these folks have against California, especially their ideology. When you hear stories about state of Oregon sending 60 fire trucks, I haven't confirmed that myself yet, but they had to go to Sacramento to get emissions testing, get them to LA where they're needed. I mean, this is woke gone. You know, woke on wild kind of stuff. Oh, woke on wild. I remember those VHS tapes, Spring Breakers. Reading the autobiography of Malcolm X and putting on more clothes, getting catcalled. Show us your privilege. By the way, as far as what he was saying, those fire. The whole thing is bullshit. The fire trucks were not sent to Sacramento to get emissions testing. They were sent there to be transitioned into minivans without their parents consent. That's what happened. But if there is one thing harder to extinguish than the fires, it is the most resilient of the right's talking points. The whole thing is a complete disaster. A lot of it comes back to dei.
- [13:49]
Mark Carney
Kristen Crowley, the fire chief in Los Angeles. She is a very silly woman.
- [13:55]
Jon Stewart
The first gay female fire chief ever. Wow. Under her is Christina Kepner, first lesbian assistant chief. Then under. Under her is Christine Larson. They're all. Christina. Christina. She's also a lesbian. Christina, Christina. Christina. Lesbian, lesbian, lesbian. What? What are you doing? You just summoned them. Do you understand? You can't you can't just say the name three times. Do you know what you just unleashed onto this earth? From now on, it's just infernos and lesbian firefight. By the way, I'm not sure Meghan with a Y should be criticizing people named Christina, but apparently to the right, drought conditions, high winds, and densely stacked flammable structures were all fine until they added the lesbians. And then something peculiar happened. What is your message to city administrators, starting with Mayor Bass? My message is the fire department needs to be properly funded.
- [15:10]
Mark Carney
And it's not.
- [15:11]
Jon Stewart
It's not. At this point, did the city of Los Angeles fail you? Yes. We need to be fully. Fully funded and supported so that our firefighters can do their jobs. Lesbian firefighter has attacked black lady mare. Who will the right support in this? Opposite of a Sophie's Choice, really. I mean, in the hierarchy of DEI crimes. Black lady mare, lesbian firefighter. I don't know. Which one of those is there? I want to say white whale, but that'd be wrong. Look, look, I'm not suggesting that DEI is not responsible for at least 99% of this tragedy, but, devil's advocate, this is the Palisades in 1923. And that's not after a fire. It's just dead. It's like a desert. And someone decided to build a city there. A densely populated, albeit beautiful, city in the middle of it. That's what they did. And I'm gonna guess that the person whose idea it was wasn't a lesbian firefighter or a black lady mayor. We didn't even have lesbians back then until one snuck here from France in 1934. So stop with the DEI. Oh, that was the straw that broke the camel's back. The meritocracy built that city. The meritocracy created the dangerous conditions that made a tragedy like this almost inevitable. Don't take my word for it. I know the liberal argument sounds like Charlie Brown's teacher to your ear. Let me get someone who speaks to your frequency. So I was talking to this guy and he was telling me. He goes, dude, one day, he goes, it's just going to be the right wind, and fire is going to start in the right place, and it's going to burn through LA all the way to the ocean, and there's not a thing we can do about it. Now, of course, he did go on to say, lesbians will make it worse. But the point is, man, we are humans. We build shit in difficult areas on the belief that we will figure out how to subdue God. And nature, for God's sakes. 50 years. They made a movie about what a dumb idea it would be to develop this city into the country's second largest metro area. Even they knew LA wasn't a good place to raise your daughter or your sister. She's my daughter. My sister, my daughter. Movies were wild in the 70s. Like, you could do anything in movies. Like, there's no, like, Slap Court. Like, literally in that. They're like, jack, do it again. This time with your fist. Like, they didn't give a Sometimes things happen that are beyond the bounds of human infrastructure. Although admittedly, the LA powers that be have not covered themselves in glory at this time. Right now, if you need help, emergency information, resources and shelter is available. All of this can be found at.
- [18:50]
Jordan Klepper
Your.
- [18:58]
Jon Stewart
Look, I'm not saying she's Churchill, ladies and gentlemen. Don't worry when the bombs start falling, don't worry. Just insert useful information here. So, yeah, improvements can be made in leadership, in management, in design, in materials, in myriad ways, but sometimes fire a tornado and makes a mockery of human infrastructure and our ability to dictate the terms of our existence on this planet. But the one thing it shouldn't dictate is the cruelty that we would show to those in pain because we don't think they consistently vote right. But if you are gonna Please, but if you're gonna attach strings. I still think this announcement was too far Lost everything in a natural disaster. Introducing a new crowdfunding site from Congressional Republicans. Go F you. Go F you is the number one source for politicians to dangle money over your head while delivering a monologue about why they hate your politics. No matter how hard life gets, there are people who care about your mayor's DEI policies. So start a Go F you today, then sit back and wait for the helpful input about transgender athletes to roll in. Go F you. Available in all blue states and any cities where the mayor is black or gay. When we come back, we'll be talking to Mark Carney.
- [20:31]
Jordan Klepper
Don't go@public.com, we've brought all your investing together in one place. From stocks to options, bonds to treasuries and crypto, it's all here. You can even put your cash to work at an industry leading 5.1% APY. It's the most simple yet sophisticated investing experience on the market. A place where all your investments are just a tap away. Because why juggle multiple investing apps when you can have one that does it all? Meet your new primary portfolio, Public.com, a US based company and member of FINRA with award winning customer support. All Your investing in one place 5.1% APY as of 521 subject to change. All investing involves risk brokerage services for U.S. listed securities options and bonds in a self directed brokerage account are offered by public investing member FINRA and sipic. Not a bank, not investment advice.
- [21:46]
Jon Stewart
Hey, welcome back to the Daily Show. My guest tonight, I'm excited about this. He is. Oh, you want to hear this? He's a Canadian economist, former governor of the bank of Canada and bank of England. Please welcome to the program Mark Carney. Sir, welcome, sir. I welcome you to our land. America. We are soon to be.
- [22:26]
Mark Carney
Well, there was a border when I came.
- [22:28]
Jon Stewart
John, when was the last time you checked Twitter? So you, you've really involved yourself in. I remember you from 2008 and I truly, I mean this, your work in helping Canada get through the economic crisis of 2008, the financial crisis that hit this country terribly and I thought made a lot of really painful decisions for the people of this country. I thought Canada avoided the worst of that and I believe you played a very strong role in that.
- [23:02]
Mark Carney
We did. I mean, thank you. We did.
- [23:05]
Jon Stewart
You're.
- [23:08]
Mark Carney
But we, you know, we did because we didn't do things that we didn't understand. So we didn't let our banks do things that they didn't understand just because all the other banks were doing them. So subprime CDO squared, really, you know, fancy derivatives.
- [23:24]
Jon Stewart
You're saying you didn't let, you thought, let's not let the banks dissolve mortgages into particulate matter. Mix it into cups, throw it off.
- [23:35]
Mark Carney
Yeah.
- [23:36]
Jon Stewart
Throw it in the air. And then sell that.
- [23:40]
Mark Carney
Throw it in the air, take a big profit, pay themselves a lot of money and then it hits the ground.
- [23:45]
Jon Stewart
How did you not have to do that?
- [23:48]
Mark Carney
We didn't understand it, John.
- [23:51]
Jon Stewart
Son of a bitch. That's all it took.
- [23:54]
Mark Carney
That's all it took.
- [23:56]
Jon Stewart
So you've gone off now and you've worked with Brexit and the bank of England trying to ease that.
- [24:01]
Mark Carney
Not my idea.
- [24:02]
Jon Stewart
Brexit wasn't. Yeah, no. You're Canadian. You're very polite, very nice. You're never one of those like, I want to leave a union. No, you stay in it until it dies. What are they making up there of the overtures and sort of trolling to Canada about being a part of, of the United States?
- [24:23]
Mark Carney
Well, I mean, the bottom line is not going to happen. JULIE SCOTT. That the overture, I mean, because you don't want.
- [24:34]
Jon Stewart
You don't want it to be.
- [24:36]
Mark Carney
We're proud. We find you very attractive, but we're not moving in with you. It's not you, it's us. We do things a little differently in Canada. We believe in.
- [24:54]
Jon Stewart
I just want to tell. Before you go any further, I'm up for it. We're up for it. Whatever you do differently, we want to experiment too. What do you guys want? You want like, we can be friends?
- [25:06]
Mark Carney
There can be a few benefits, John. Friends with benefits, but not going to.
- [25:11]
Jon Stewart
Commit all the way.
- [25:12]
Mark Carney
Benefits of trade. Benefits of, you know, defense.
- [25:16]
Jon Stewart
Right. Yeah, yeah, yeah. No, we'll be cool about it. We won't levy tariffs on all your goods as retribution for you not going out with us. We respect your boundaries. Is it. Is there a fear now that there will be an economic trade war with. How much of this do you believe is bluster and how much preparation do you need to do for it?
- [25:42]
Mark Carney
Well, we have to prepare for it. And I think, you know, you look at what happened five, six years ago when we did have a similar situation with the trade war.
- [25:51]
Jon Stewart
Well, there was only on lumber and there was only few things.
- [25:53]
Mark Carney
Lumber's. Lumber's very important to us, John. The, you know, it's. It's. Fool me once, shame on you. Fool me twice, shame on me. Right? Why do I feel like.
- [26:03]
Jon Stewart
I feel like you're breaking up with me the entire interview.
- [26:06]
Mark Carney
This is, this.
- [26:08]
Jon Stewart
We're.
- [26:08]
Mark Carney
We're. We're resetting the relationship and we're going to be stronger. We're going to be stronger going forward because as you say.
- [26:14]
Jon Stewart
Yeah, no, I'm just getting swiped left hard as hell here. Do you think this time, you know, look, I don't know that Americans know that 50% of, you know, our fuel comes from Canada.
- [26:29]
Mark Carney
Yeah, yeah. The electricity for this, for this show comes from Canada.
- [26:32]
Jon Stewart
Not. Not this show.
- [26:35]
Mark Carney
You got some solar up on the. We're.
- [26:37]
Jon Stewart
We're. We're. Ours only comes from Venezuela. We're that leftist. It's that bad.
- [26:42]
Mark Carney
Well, that let. That, you know, that brings a point. But four and a half million barrels, a little more than that of oil, come from Canada to the United States. And if you don't take that oil the way your refineries are, your other option is Venezuela.
- [26:56]
Jon Stewart
No. So. Okay, so that's. It's funny you bring that up. We're taking them over as well. Are you surprised at, you know, is America generally? You know, I think we've always been known as. We like to live our values and speak them. It feels like this administration is going to be more explicit about what's really happening. Hey, what's up, Greenland? I don't know if you know this, but you have something under your soil that we want, so you're ours. You know, I feel like past administrations would do the same thing, but they would be like, and we're liberating you. Like, they would make it a high minded affair. Is it easier to deal with someone that is transactional at his core in that way? I take your time.
- [27:48]
Mark Carney
Yeah, I'm gonna take my time. No, I think in the end it's not. Because in the end, in a relationship, I'm gonna keep the relationship.
- [27:56]
Jon Stewart
Oh, my God.
- [27:57]
Mark Carney
If we're gonna build.
- [27:58]
Jon Stewart
Did you just get out of therapy? What is happening? Every time I say something, you're like, I hear you.
- [28:05]
Mark Carney
I hear you. I made a few resolutions this year, John, and it was still in January. But you've got to. You got to have some shared values. You've got to be able to predict how the other is going to behave. So it's not just a series of transactions? Look, we can do a series of transactions. We're fine. We're in a strong position. You want to do a series of deals, you know we can do that.
- [28:31]
Jon Stewart
Yeah.
- [28:31]
Mark Carney
What's much better is to look at our. Look at everything we've had, John, together.
- [28:39]
Jon Stewart
We could just build on it. You were just about to lean into, like, look, man, if it's late and you're drunk, you can call us. It's cool. But I would rather we mean something to each other.
- [28:50]
Mark Carney
Yeah.
- [28:51]
Jon Stewart
So that we get something out of this together.
- [28:54]
Mark Carney
Like Sunday afternoon in the park.
- [28:55]
Jon Stewart
That's what I'm talking about. So right now there is turmoil. Trudeau has resigned.
- [29:03]
Mark Carney
Yes.
- [29:04]
Jon Stewart
There will be new elections. Do you know when the new elections are?
- [29:07]
Mark Carney
They have to be by October. They could come sooner.
- [29:10]
Jon Stewart
Sooner than October?
- [29:11]
Mark Carney
Sooner than October, yes.
- [29:13]
Jon Stewart
What would be the trigger of the election sooner?
- [29:16]
Mark Carney
Well, it would be likely the choice of the current governing party, which is the Liberal Party.
- [29:22]
Jon Stewart
And you are of the Liberal Party?
- [29:24]
Mark Carney
I am of the Liberal Party, yes.
- [29:25]
Jon Stewart
Are they looking for a new leader?
- [29:29]
Mark Carney
I think they might be, John.
- [29:31]
Jon Stewart
Sir, may I recommend to you, with your charm and debonair wit, yet strong financial backbone that you offer yourself as. Have you offered yourself as leader?
- [29:46]
Mark Carney
I just started thinking about it when you saw that.
- [29:50]
Jon Stewart
Here's what the Conservatives have, and this will. This will blow your mind. So the Conservatives are run by Pierre Poliev?
- [30:00]
Mark Carney
Yes.
- [30:01]
Jon Stewart
Did I say that correctly? Yes, It's a fictional J.K. rowling name at best. Pierre Pouliev. This is. And this always fascinates me. I want to show this. This is so Trudeau, obviously. The other guy is Pierre Pouliev, it looks like. And he is Trudeau's rival. Yes, they look like two fictional boys school rivals in like. Or like. Like Pol seems like a villain in a, like Karate Kid movie. Like, there's something very, very off putting. What is he like in person? Roddy, take your time.
- [30:44]
Mark Carney
You're not.
- [30:44]
Jon Stewart
You're not.
- [30:45]
Mark Carney
You're not far off. He is, look, he is.
- [30:52]
Jon Stewart
There is.
- [30:53]
Mark Carney
I'll say this. There is a type of politician. You have a few of them here in the United States. I think we just stop it. Yeah, they had a lot in and around Brexit.
- [31:04]
Jon Stewart
Yes.
- [31:04]
Mark Carney
And we have Mr. Pouliev in Canada. A type of politician who's tend to be lifelong politician, really tend to worship the market. They've never actually worked in the private sector. And they see opportunity and tragedy. Like you just had with the California fires. These horrible fires.
- [31:23]
Jon Stewart
Correct.
- [31:23]
Mark Carney
And they see opportunity and tragedy to push an agenda that. Here's one. They prepared earlier and they fit it in. And so whether it was Brexit here, often, you know, the starve the beast type approach. So Pierre Poliev, when Covid started, his reaction was, hmm, this is a good time to cut spending and cut taxes. Everyone's just been pushed out of a job. Nobody's got work, so let's cut the taxes on the work they don't have and let's take away the social safety net when everybody's vulnerable.
- [31:55]
Jon Stewart
Wow.
- [31:56]
Mark Carney
Yeah.
- [31:56]
Jon Stewart
And how did that work out for you? Did well.
- [32:00]
Mark Carney
Fortunately, he was in opposition, so.
- [32:02]
Jon Stewart
Oh, that was his idea.
- [32:03]
Mark Carney
That was his idea.
- [32:04]
Jon Stewart
Ah. And the people now see the headwinds for this. More right wing populism, though, are all around the world. And it feels like Canada is no different there. I mean, did Trudeau bow out because he knew he wouldn't win? Is this an attempt to give the Liberal Party there a chance?
- [32:25]
Mark Carney
I think it does give the Liberal Party a chance, yes.
- [32:28]
Jon Stewart
Right. And he did that purposefully.
- [32:32]
Mark Carney
He came to that. Yeah, he came to that conclusion.
- [32:35]
Jon Stewart
He came to that conclusion. Or Nancy Pelosi called him and said somewhere in the middle, satirical comedy shows up there, did a bit that made fun of him for five minutes and he fell apart. So who are the top contenders right now that you believe give the Liberal Party the best chance? Poiev is going to be their champion? Yes, absolutely.
- [33:00]
Mark Carney
Yes.
- [33:01]
Jon Stewart
Who would give the best opportunity?
- [33:03]
Mark Carney
Well, I think in a situation like this, you need change, you need to address the economy. We've got an economic crisis because of what Mr. Trump is about to do or saying he's about to do. But we also have challenges in housing, cost of living. You know, did you.
- [33:19]
Jon Stewart
The same inflationary pressures that we faced here.
- [33:22]
Mark Carney
You know, I can debate the absolute level, but we had the same inflationary pressures.
- [33:26]
Jon Stewart
No, we will debate the absolute level.
- [33:28]
Mark Carney
Well, I don't think right now. I think the. Look, Canadians been very hard pressed in the last few years.
- [33:35]
Jon Stewart
Right.
- [33:36]
Mark Carney
Wages have not kept up with inflation. People are, you know, people are falling behind, not getting ahead. Housing is very expensive. And there's this broader concern, again, exclamation point put on by the Trump tariffs, about what the future brings. The world's more divided, it's more dangerous. What are we going to do? And truth be told, the government has been not as focused on those issues as it could be. We need to focus on them immediately. That can happen now, and that's what this election's gonna be about.
- [34:08]
Jon Stewart
Can I tell you something? I feel like I'm looking in a mirror. We just had that election. Yeah, Run. When I say run, I mean, not for office. I mean, run the other way that it's so hard when the headwinds are like that. It's really difficult for a candidate to come in who is saddled with the policies that are on.
- [34:34]
Mark Carney
But let's say, oh, boy, let's say just throw it now to look at.
- [34:39]
Jon Stewart
You, trying to preserve the relationship.
- [34:40]
Mark Carney
All of a sudden, a wild hypothetical. Let's say the candidate wasn't part of the government. Let's say the candidate did have a lot of economic experience. Let's say the candidate did deal with crises. Let's say the candidate had a plan to deal with the challenge in the here and now.
- [34:58]
Jon Stewart
You sneaky. You're running as an outsider.
- [35:01]
Mark Carney
I am an outsider.
- [35:03]
Jon Stewart
Wow, that's. So you're going to be coming in there to say, I have not been in the government. I have worked in the financial markets. I understand all the things that go around trade. I mean, you worked. Look, let's take the California fires. You've done an awful lot with the banks, with insurance industries. So you understand very particularly what's happening out there in California.
- [35:26]
Mark Carney
Very particularly. I mean, 10 years ago, government of the bank of England. You oversee the Lloyds of London, which does all the insurance for exactly this type of stuff. Ten years ago, they're saying there's going to be a lot more fires. So we're going to have a lot less insurance. A lot less insurance, as we've seen, unfortunately, in California. And I mean, it's an absolute tragedy with people going through a lot less insurance. Places like Canada last year, you may have noticed here in New York, we had a few fires in Canada.
- [35:51]
Jon Stewart
Yes, I was gonna talk to you about that later.
- [35:55]
Mark Carney
The fires in Canada, including where I was born, my hometown, Fort Smith, Northwest Territories, around where I grew up in Alberta. These fires.
- [36:03]
Jon Stewart
Hold on one second. Really.
- [36:09]
Mark Carney
Small town.
- [36:10]
Jon Stewart
Small town, literally from Alberta. And they've probably been sleeping the whole time they heard the name Woo Woo. Is the bus going to Alberta? What are we doing?
- [36:22]
Mark Carney
But all.
- [36:25]
Jon Stewart
You got the fires.
- [36:26]
Mark Carney
We got the fires. Got the fires, John. Yeah. If the fires alone would have made Canada the fourth largest emitter in the world after the United States, China and India.
- [36:39]
Jon Stewart
Just the fires.
- [36:40]
Mark Carney
Just the fires alone. And this, you could see this coming 10 years ago as the insurance companies. And now, now we're dealing with this, which is why we need to act more broadly on the issue of climate.
- [36:52]
Jon Stewart
Through climate and everything else. Let me ask you a question about this, because this speaks to what these Republican politicians are saying. They keep saying, oh, this DEI Lloyd's of London insurance companies 10 years ago, they make risk assessments and they change policies. Did they change those policies because they assess the risk of lesbians being in the firefighting department, or did they go, climate change is happening, happening, and these fires are going to be more damaging and they're going to happen more frequently. And so we're going to be changing our rates and we're going to be dropping policies. It's which one did they go with?
- [37:26]
Mark Carney
Very decidedly the second. And what they have seen is the number of these extreme events that they insure. Remember, they're pulling back insurance from. You know, you can't get insurance in many coastal areas in Florida. You can't get insurance, obviously in Los Angeles. So they've been pulling back. And still, even with all that sophistication, the number of these extreme weather events that they ensure have gone up three times and the cost of it has gone up five times.
- [37:54]
Jon Stewart
Right.
- [37:54]
Mark Carney
So they are furiously backpedaling.
- [37:57]
Jon Stewart
And this gets us to the rub, which I think is why I feel like we're in such a vice when it comes to climate change and political feasibility and what can we reasonably expect people's virtue to accomplish? You know, you have always, you've championed, with the banking industry, ESG projects, you've championed climate Projects. As soon as these big banks got a hold that Donald Trump was going to be back in office, they all bailed. They all bailed on all these commitments that they made. And you're left, in some ways holding the carbon tax bag. Is that going to make your running more difficult?
- [38:37]
Mark Carney
Wow. You packed a lot into that.
- [38:39]
Jon Stewart
I did. Can I tell you something? I read your Wikipedia page.
- [38:47]
Mark Carney
Remind me to edit it later on. Two things. One, what the banks. And it's only the American banks. But what they decided to do.
- [38:56]
Jon Stewart
Right.
- [38:56]
Mark Carney
Yeah. Is to.
- [38:57]
Jon Stewart
I didn't know there were other banks.
- [39:00]
Mark Carney
Focus on financing. But in terms of. For Canada, what we need to do is make sure that we're addressing these issues, doing our bit, making our companies more competitive. Because you know what's going to happen in the United States five years from now, you're going to care about it again.
- [39:17]
Jon Stewart
Right.
- [39:17]
Mark Carney
You're going to have an election, you're going to care about it again. And we better be in a position where we've done our bit at that point, but we need to do it in a way that Canadians today are not paying the price right now.
- [39:27]
Jon Stewart
How do you do that? That's the rub. How do you make proactive measures on future disasters feasible? In a political moment today, every time I've seen a gas tax or a carbon tax footage, it's not politically feasible.
- [39:44]
Mark Carney
So the vast majority of our emissions in Canada come from our industry. In fact, almost 30% of our emissions from Canada come from the production and shipment of oil to the United States.
- [39:58]
Jon Stewart
You're welcome.
- [39:58]
Mark Carney
You're welcome. Yeah. So part of it is cleaning that up, getting those emissions down, more than changing in a very short period of time, the way Canadians live.
- [40:11]
Jon Stewart
Right. But you're not obviously, going to take away our oil. You're going to.
- [40:16]
Mark Carney
We'd like to take. Well, you. You don't apparently want the oil as much as you used to. We want it very bad today.
- [40:25]
Jon Stewart
So have you decided to run yet? Because a lot of people in the Liberal Party in Canada have said specifically they will not run. I think they fear the headwinds in this election. Have you decided?
- [40:34]
Mark Carney
Well, I want to. Can I say one thing on that?
- [40:36]
Jon Stewart
Please.
- [40:36]
Mark Carney
I want to defend, because this is a very important point. So if you look at our Foreign minister, Melni Jolie, our finance minister, Dominic LeBlanc, Steve McKinnon, who's our labour minister, they are not running in part because there's a crisis right now because of the. The threat of the Trump tariffs. So.
- [40:55]
Jon Stewart
So they're. They're saying I won't run because I want to focus on.
- [40:58]
Mark Carney
Yeah. Country before party and personal ambition and it's absolutely Right.
- [41:03]
Jon Stewart
Right, right. So, but, but do you say, well.
- [41:10]
Mark Carney
I don't have a job, I don't have a job? Yeah.
- [41:14]
Jon Stewart
You don't have a job presently?
- [41:15]
Mark Carney
No. Well, I, I do, but it's, you know, un dollar a day.
- [41:19]
Jon Stewart
You're so coy with me. I love the chase. I love this cat.
- [41:23]
Mark Carney
Well, we had to shake things up.
- [41:24]
Jon Stewart
We are, we are having a. We've spiced up our relationship tremendously throughout this interview. So congratulations on announcing on this program that you are to be the leader. You seal it with a handshake. Mark Carney. We're going to take a quick break and we'll be right back after this. Sure.
- [41:59]
Jordan Klepper
@Public.Com we've brought all your investing together in one place. From stocks to options, bonds to treasuries and crypto, it's all here. You can even put your cash to work at an industry leading 5.1% APY. It's the most simple yet sophisticated investing experience on the market. A place where all your investments are just a tap away. Because why juggle multiple investing apps when you can have one that does it all? Meet your new primary portfolio, public.com a US based company and member of FINRA with award winning customer support. All your investing in one place. 5.1% APY as of 521. Subject to change. All investing involves risk brokerage services for US listed securities options and bonds in a self directed brokerage account are offered by public investing member FINRA and sipic. Not a bank, not investment advice.
- [43:07]
Jon Stewart
Hey, that's our show for tonight but obviously before we go, we're check in with your host for the rest of the week, Mr. Jordan Klepper. Jordan, talk to me, man. What do you got on for the rest of the week? Well, we'll be talking about the government banning TikTok next week. John and I know we've all had our fun, but now that it's over, might I suggest a little something called books. I think you might find them equally entertaining. I don't think. Do you have a charger, maybe? A charger? No, you don't. I just think if you could. On books you don't swipe. I just, I think I've read a. I've, I've turned out a book before. Okay. I've forgotten how to read. All right, Jordan Klepper, everybody. Now before we go, I also want to just very quickly say please. I know there are a lot of organizations vying for support. Please consider supporting the California Fire Foundation. They're on the ground. They're working with local fire agencies and community organizations to provide support for impacted residents. If you can, please donate at URL. But that's who you are on there. Here it is, your moment of Zen. If I don't see you again, thank you for always. You could have stopped taking the hard questions years ago and you didn't. So we appreciate that this is, let's say, one last dance, right? I don't know how I'm going to fill my dance card now.
- [44:41]
Mark Carney
How will I fill that, that void without you?
- [44:44]
Jon Stewart
You tell me.
- [44:48]
Mark Carney
Explore more shows from the Daily Show Podcast universe by searching the Daily Show.
- [44:52]
Jon Stewart
Wherever you get your podcasts, watch the.
- [44:55]
Mark Carney
Daily show weeknights at 1110 Central on Comedy Central and stream full episodes anytime on Paramount plus.
- [45:07]
Jon Stewart
Paramount Podcasts.