Move over Quebec. Alberta just pushed past you in the unemployment rate department.
Alberta’s jobless rate rose to 7.9%, well above the national average of 7.3%. Now Alberta is worse off than the Bernie Sanders of Canadian Confederation, the Province of Quebec. They are sitting at 7.6%.
What’s Rachel Notley been doing to plug the holes in the sinking ship of the Alberta economy and create the conditions to foster private sector job creation? The short answer is cronyism.
NDP just gave a subsidy of $10 million dollars to an Edmonton bio fuel company SBI BioEnergy that they claim will support 35 jobs. Alberta taxpayers are handing over almost $286,000 per job. Remember when the NDP were against corporate welfare when the PCs did it? This is the same old cronyism, just greener.
It’s just as bad at the Federal level. There, too, rages a perfect storm of ineptitude greed and cronyism.
Alberta will still be a net contributor to the national equalization program by sending billions more to Ottawa - to hand off to perpetual have-nots, Quebec and Ontario - than we will get back. Quebec aerospace company and constant corporate welfare bum, Bombardier, is also likely to get a one billion dollar federal bailout from Trudeau. That’s your money, Western Canada.
Alberta is bleeding jobs and plummeting into debt.
At what point does Alberta get to stop transferring our wealth to Quebec when they are more employed than we are?