Showing posts with label world oil prices. Show all posts
Showing posts with label world oil prices. Show all posts

Thursday, August 27, 2015

On Mad King Stephen's Monomania



This is not the post I was planning for today, but these letters about Stephen Harper's economic ineptitude seemed too good not to share:
Re: Another Orange Wave for Alberta? Aug. 20

Of course, the prospect of an Orange Wave in Alberta is tantalizing to many and I applaud Tim Harper’s article. However when he quotes Brent Rathgeber as saying that falling oil prices are not Stephen Harper’s fault, it would have been just as astute to point out that perhaps our PM can’t be blamed for the fall of oil prices but he certainly can and should be blamed for doing what no “investor” or “economic planner” worth his salt would or should do, which is to put all his eggs in one basket.

A prime minister with a sound economic plan that looked to a solid future would have long ago diversified Canada’s strengths by encouraging, supporting and subsidizing (much the way the oil patch has been subsidized over the years) our manufacturing sector, which took such a tremendous hit when our loonie became a high petrodollar and has yet to recover.

How does Harper have the gall to ask about anyone’s “economic action plan” when even the most cursory glance at our present near-recession predicament would make it abundantly clear that he, himself, didn’t have one that worked worth a bean.

J. Bartram-Thomas, Richmond Hill

It is factually based and verified that this government has exacerbated, greatly, the economic situation Canada finds itself in, world-wide or not. From its “all our eggs in one basket” reliance on commodities, to massive cutbacks to social programs, science, and R&D, to surplus elimination/deficit creation by handing out tax breaks for the rich and companies that hold but don’t spend cash, and so on and so on, this government has empirically proven itself to be both myopic and inept at handling our asset base. Any of the opposition parties would have done a better job at preparing us for the worst.

If one was on that unfortunate plane a few months back, as a supposedly skilled pilot was directly aiming at the side of a mountain, would one turn to one’s seat companion and declare that this is no time to change our aviation “expert”?

David Klarer, Oakville