March 20, 2015

Alberta critic slams TD report: Remember, "the energy industry is paying the bills in Canada"

Josh SkurnikRebel Correspondent
 

One expert is saying "thanks but no thanks" to a TD Economics Special Report cautioning Alberta against "over-reliance on non-renewable resource revenues."

David Maclean of the Alberta Enterprise Group says, "The energy industry is paying the bills in Canada. It has for a long time."

Maclean also wonders why, if the resource industry is so volatile, banks like TD hold so many energy stocks in their own portfolios.

With two hundred years worth of reserves still in the ground, many Albertans think it would be foolish to heed overly cautionary warnings from a couple of Toronto economists.

 

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commented 2015-03-20 19:31:56 -0400
Here’s my solution for a completely revamped Canadian Government; se what you think of it:

MAURICE POTVIN’S FORMULA FOR FAIR CANADIAN GOVERNMENT

1) TERM LIMITS FOR ALL POLITICIANS, FEDERAL AND PROVINCIAL: Limit all MP, MLA, MPP and Senate seats to two terms maximum, with a mandatory hiatus of at least one term before running again. Politics should be viewed as a service, not a career.

2) MANDATORY EXPERIENCE IN THE PRIVATE SECTOR: Politicians who have never built a business or had to hold down a full-time job that actually contributed to the infrastructure or material needs of society should not be considered qualified to tell the rest of us how that society should be built or run. (length and type of experience to be determined)

3) ALL ELECTORAL DISTRICTS SHOULD REPRESENTS THE SAME NUMBER OF REGISTERED VOTERS: Each electoral district should represent, as nearly as possible, exactly the same population. That would mean that electoral boundaries would have to be very fluid, and may fluctuate from one election to the next, depending on shifting populations.

4) DIVIDE PARLIAMENT IN TWO: I propose that a more democratic parliament would see half the seats filled by the winning candidates in each electoral district, and the other half filled by party representation in direct relationship to the popular vote. In other words, half of the seats would be filled by appointment. The number of appointed seats allotted to each political party would depend on that party’s percentage of the popular vote. If a party received 30% of the popular vote, they would receive 30% of the appointed seats. That way, in ridings that were very close in the election, the second place candidate may still get a seat in parliament. Also, seats allotted in that manner would more closely represent the actual will of the people.(total number of parliamentary seats to be determined)

5) A NON-PARTISAN ELECTED SENATE BY REGION, WITH LOCAL VETO POWERS: The Senate should be elected, with the same term limits as those of Parliament. Senate seats should be distributed, not by population, but by Senatorial Districts within Provinces, defined by geographic, commercial and socio/cultural communities (geographic area to be defined). All Senate seats should be non-partisan, with Senators owing no allegiance to any political party, but solely to their district constituents. The function of the Senate should be, in some ways similar to the current function – sober second thought, but their allegiance must be first and foremost to their Senatorial District and those they represent. To that end, each Senator should have the power to veto the implementation of any legislation within the confines of his or her Senatorial District, but only when given a mandate through referendum to do so by their electorate. Cost of the referendum to be borne solely and completely by the Senatorial District. This veto power must be limited, in that the courts and/or an appointed committee of provincial and federal representatives must have the authority to overrule the veto and develop alternatives that address and resolve by negotiation the issue(s) that triggered the veto. But this power to overrule must also be limited. The specific conditions under which the veto may be overruled are: a) if failure to implement said legislation within the specified Senatorial District is deemed to be detrimental to the National interest, or b) it was determined that failure to implement would adversely affect neighboring Senatorial Districts. (number of Senatorial Districts to be determined)

6) SUPREME COURT DECISIONS MAY BE OVER-RULED BY ELECTED BODIES: Where the Supreme Court declares that legislation, passed through both the Parliament and the Senate, violates the Canadian Charter of Rights and Freedoms and strikes down the law, a combined vote of both the Parliament and Senate will have the power to over-rule the Supreme Court by a vote of 50% plus one. The final word on legislation must be in the hands of the elected bodies, not the unelected body.

Of course these changes will never happen, and besides, even if they did, you still can’t stop stupid people from voting or running for office. But at least it would be truly democratic, so we would no longer have the right to complain about who we put in power. I’m sure we still would, but it would be our own fault.
commented 2015-03-20 16:50:55 -0400
Recently I heard that the West—Alberta, B.C., and Saskatchewan— will transfer to the Rest of Canada the largest amount of cash that has ever been transferred from one section of an OECD country to another section of the same country. When I heard that and observed the behaviours exhibited in the East, I wondered how long the West would want to continue doing such a transfer. They must be considering just what they themselves could do with all that money! Gives one a pause; to put it mildly.
commented 2015-03-20 16:09:30 -0400
Good for the Alberta Enterprise Group for telling the TD Bank economists to “stuff it”. They are just echoing Mr. Trudeau’s comments that Alberta needs to diversify and not depend so much on one industry. I think they may have been at the same “think tank” session with him and all the other “pseudo-thinkers” of the East. I am all for Alberta and the western provinces to separate and form their own country! I would join you in a shot!
commented 2015-03-20 15:26:47 -0400
Why would anyone want to accept advice from an economist that chooses to live in Toronto and probably voted for the current despotic buffoon leading their provincial economy!
commented 2015-03-20 14:06:03 -0400
Lives must be made miserable to affect change in behaviour. Just stop transfers for a couple of years and the communist teet suckers will learn to work for their meals…or die. For argument sake, Albertans are no smarter than Ontario’s population as they continue to elect “smooth talking salesman” rather than ordinary working people. Bureaucrats are the ones who runs daily operations. We are supposed to be electing people to establish basic governing laws and let the bureaucrats do their job. All you people who think elected officials run anything are dreaming. Professionals run the government. Unfortunately when those professionals are APPOINTED by a bunch of crooks things go sour quick.

Bottom Line – Vote for normal people, not thieves. Normal people have ethics and morals. Vote for them. Let them appoint professionals who want to do society good instead of steal as much as they can. Wake up and take some responsibility for your society.

A fed up Albertan.
commented 2015-03-20 13:28:07 -0400
Alberta independence is sounding better every day. If Trudeau becomes leader there really isn’t much sense in staying tethered to a sinking stone. May as well go it alone. Joining the US wouldn’t hurt either. Socialists will destroy Canada like they are Ontario and Quebec. Never thought I would see the day. One would think that living so close to Detroit that one could see what unions and socialist policies have done to what was once the wealthiest city in America. Unbelievable. The first signs were the people leaving to different parts of the country. Sound familiar!
commented 2015-03-20 12:26:55 -0400
Jim McBurney – “The power shift to the west is inevitable”
You’d think so, but after the new re-alignment of seats in Parliament this year, Alberta, with a fast-growing population, will have the lowest representation per capita in Parliament and the third lowest in the Senate. That’s blatant oppression; taxation without representation. People will move here and ever-increasing amounts of money will be stolen from us, but we’ll never have the power to change things. Within 5 years, it’s predicted Albertans will pay $40,000 per taxpayer to support Canada, while 71% of Canadians (the population in have-not provinces) think it’s fine to live on the fruits of our labours. How do we attract good people here when they know they’ll be paying onerous taxes?
http://www.cbc.ca/edmontonam/episodes/2015/03/18/peter-zeihan—-alberta-51st-state/ Given the points in this interview, I’d rather join the USA than continue to be a slave to Eastern Canada. The simple truth is that the Canadian Titanic offers us nothing and severely threatens our survival, and it’ll only worsen if Turdo became PM.
commented 2015-03-20 12:14:06 -0400
Alberta should separate. FK ontario, fk kewbek and fk the welfare state east coast. Alberta should keep their cash and go it alone.
commented 2015-03-20 11:58:40 -0400
Transfer payments!! Another bright idea from the liberals. A prime example of this country becoming a welfare state. Of course following close behind is the welfare mentality and the idea of entitlement.
Good to see Josh as a rebel.
commented 2015-03-20 11:53:06 -0400
Ontario is a recipient of the transfer payments and as such premier Wind just keeps spending money Ontario does not have.. the transfer payments come from Alberta and British Columbia.. Lieberals are just so stupid and so is Ontario for voting this spendaholic into power.. Shame on Ontario…oh yah, at that same ignorant woman premier is balking at a pipeline carrying Alberta crude to the Maritimes.. she is just like obama … evil!
Alberta is the richest province but overhead in the public sector is too high.. time to adjust the belt and promote some manufacturing in Alberta .. also KEYSTONE would help!
commented 2015-03-20 11:22:25 -0400
42% of Nova Scotia’s Revenue is from Transfer payments, mostly from Alberta’s Resource
Revenues.
commented 2015-03-20 11:15:14 -0400
The words economist and Toronto should never be used in the same sentence. Ontario is still reeling from the idea that all provincial economies cannot be exploited to prop up their manufacturing and Quebec’s social programs! The power shift to the west is inevitable and without pipelines the east will not be able to share in the prosperity without transfer payments, the ones that reward you for doing nothing!
commented 2015-03-20 11:09:54 -0400
Bankers ARE the problem, not the solution. It is through their interference and QE printing that inflate oil into $150 barrells and let politicians make promises they can never keep.