Showing posts with label conservative financial ineptitude. Show all posts
Showing posts with label conservative financial ineptitude. Show all posts

Saturday, November 24, 2012

Heather Mallick On Alberta and Tory Hysteria

Given its abundance of tar, I'm betting that some Harperites, along with a generous helping of Albertans (often one and the same) would like to apply a liberal dose of bitumen and feathers to columnist Heather Mallick in light of her column today.

Entitled Calgary byelection should rise above old quarrels, her piece skewers the sensitivity of souls that take such umbrage over comments offering criticism of the oil-rich province which, in my post yesterday I described as our version of Israel (criticize at your peril.)

Mallick offers, among many others, the following observation:

Albertans know perfectly well they haven’t had a premier worthy of their province since Peter Lougheed left office. Ontario had the same problem. Recall Don Getty, Ralph Klein, Frank Miller, Ed Stelmach, Mike Harris, Ernie Eves. What a roll call of sophisticates.

Her thesis is that the recently uttered and earthed criticisms of Alberta offered by David McGuinty and Justin Trudeau, respectively, are justified, and that, of course, the reaction of the Harperites is strictly political, given the closeness of the impending by-election in Calgary-Centre.

In proof, she offers the following:

Alberta, a famously lucky and beautiful province, mismanaged its oil and its tar and allowed itself to be bullied by multinationals for a handful of coins compared to what Norway, for example, a tiny country of five million people, demanded for its offshore oil. As Alberta caved, Norway grew stubborn.

That’s why Norway’s savings account will hit a trillion dollars this decade. Alberta has $15.9 billion in a piggy bank its mom broke open years ago. Will it even be doubled by 2020?

Mallick has much more to say, including an excoriation of the Liberals' grovelling apologies after McGuinty's 'misstep.' I hope you will take a few moments to savour the entire column.

Saturday, July 2, 2011

Exploding the Myth: Conservatives as Able Managers of the Economy

Well, we have confirmation by Thomas Walkom in today's Star of two facts about Conservatives:

a) They are ideologically opposed to government being in the business of business
b) They are inept managers of the economy.

Both facts are evident in Walkom: AECL saga shows Conservatives have no business being in government, whereby the veteran journalist reveals how, in their haste to dispose of Atomic Energy Canada, they have concocted a sweetheart deal for their corporate sector friends at SNC-Lavilin Inc. that other 'free-enterprisers' can only dream about: in exchange for the $15 million purchase price for $1.1 billion in assets, Mr. Harper and the gang are paying SNC-Lavilin $75 million and placing AEC's $4.5 billion in liabilities solely on the shoulders of taxpayers.

Reminiscent of the time that other paragon of financial rectitude, former Ontario Premier Mike Harris, gave away for a pittance to a German Consortium Highway 407.

No doubt, to the true believers, such deals make sense. The rest of us can only ponder the truths revealed.