July 24, 2019

(WATCH) Michelle Rempel: Let's talk about the equalization formula

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Michelle Rempel explains how the current equalization formula works in Canada, and how her Albertan neighbours in particular is reacting to it.

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commented 2019-07-26 10:51:07 -0400
Market forces, MAGA. It was not much more than five years ago that oil routinely traded at twice its current value. The price ward between American shale oil, and OPEC, basically squeezed pricey Canadian bitumen out of the market. This is not the governments’ fault, and in fact it happened while Harper was still PM.

ROC is doing fine, MAGA. Albertans seriously overestimate their importance to the country as a whole, which is why nobody really listens to the whining.
commented 2019-07-26 01:04:49 -0400
AndrewStephenson the ROC is not doing well , and Communism is a PROVEN FAILURE!!
commented 2019-07-26 01:03:38 -0400
Andrew Stephenson we did not fail, the governments failed us.
commented 2019-07-25 13:36:08 -0400
ALBERTA MAGA commented 12 hours ago
ECONOMIC BOOM??? BWAHAHAHAHA , some people sure think fantasy is reality.”

I agree, the oileys are projecting their own failures onto ROC.

I can barely walk down the street without being bombarded with job offers!
commented 2019-07-25 01:49:25 -0400
ECONOMIC BOOM??? BWAHAHAHAHA , some people sure think fantasy is reality.
commented 2019-07-25 01:48:34 -0400
Alberta needs to demand actual fair treatment or get the hell out of Canada.
commented 2019-07-24 22:54:30 -0400
Some of you seem to be confused about what story you’re commenting on. This is the Rempel compendium of complaints about Trudeau’s national dis-unity efforts against Alberta. This is NOT the story about Lawton and O’Leary. That is a different story. Please stop commenting about a different story on this story’s comment section. It’s confusing, A F!
commented 2019-07-24 21:45:14 -0400
If Maxime Bernier’s PPC party does not form the next federal government, and it’s extremely unlikely that it will, then Alberta should have a referendum to secede from Canada. There is absolutely no tangible benefit to Albertans from remaining within confederation, except perhaps not having to print their own currency. It that ever happened I would be tempted to move to Alberta. I would for sure if I was younger.
commented 2019-07-24 18:03:47 -0400
“In the first few minutes he gives sound reasons to support his view that ANYBODY would be better that the current government. "

he opines on it, sure. How factual those opinions are is dubious. Whould the Opposition have handled Meng any differently? It’s absolutely speculative but I’m guessing the CPC would have done exactly the same thing.

“O’Leary scoffs and then counts the ways money has drained out of this country. "
And every one of his examples pertains to the energy industry. Like I said, singlular focus.

“His description of the Chinese situation was very observant”

Observant, yes. it’s easy to say that when you don’t have a horse in the race. However, it is an extremely diplomatically challenging situation. We have a longstanding extradition agreement with the US; do we want to become a haven for their criminals? You break that agreement once and every single criminal will cite that precedent to avoid deportation at their hearing, probably successfully given how the legal system works. Do we keep her as a political prisoner? We become no better than they, and she becomes very likely to eventually win a Khadr-like settlement for illicit detention.

In general, you don’t negotiate with terrorists. You let them “win” one, and the next time they will drive a harder bargain.

It is a treacherous situation but Canada is handling it correctly. We must stand firm to China. As bad as Trump is, his presidency began counting down the day it began, and the US remains one of our staunchest allies.
commented 2019-07-24 14:15:06 -0400
First of all I would like to congratulate you on your efforts to stretch the perimeters of your attention span (yes trolls deserve ad homs). However your comment is a prime example of your cognitive dissonance.

In the first few minutes he gives sound reasons to support his view that ANYBODY would be better that the current government.

Interviewer, “The economy is actually returning to growth…The optics regardless of what the truth is, is that the economy is not doing so bad.”
O’Leary scoffs and then counts the ways money has drained out of this country.
Optics was a good choice of words, Trudeau’s numbers are all fudge so that the ‘optics’ appear to be something they are not. Nobody is buying the bull Justin is trying to sell. The ‘new economy’ he and Butts are trying to concoct is smoke and mirrors.

O’Leary is a little sideways on his confidence in Scheer, but of course Scheer is a far better choice than Trudeau. My dog is a far better choice than Trudeau. O’Leary didn’t say who he will vote for.

His description of the Chinese situation was very observant. He of course is coming from an economic stand point. At the very least Justin could have used the arrest as leverage to free two Canadians being held by the Chinese regime. He/Freeland couldn’t even think that creatively.

By the way Andrew, who do you think was in power in the 70’s?
commented 2019-07-24 12:13:43 -0400
“I wasn’t expecting you to listen to what O’leary said.”

Oh, but I did, and its’ exactly as I expected.
1) Speculating on the Meng situation. (solution: divert the flight to Mexico". Not physically possible, they don’t carry that much fuel). He really has no clue what happened here, which he literally openly admits.
2) The economy is growing (his rebuttal: deflects to energy. Nobody denies the energy sector is huring, but that does not address that the REST of the economy is growing more than fast enough to compensate.). I’ve said time and again, there’s more to Canada than oil. He ignores that completely.
3) Is Scheer the best replacement (“I think he is”. Speculation, No justification provided).
4). We should be more careful to pander to China and/or go along with their extortion. Bullshit. They are not nice people.

I suppose its’ best summed up by his offhand comment about the Dollar collapsing under Trudeau. It didn’t. Mid 70s then, mid 70s now. It collapsed in 2014, long before Trudeau. But, that’s the level of competence we expect, know, and love from O’leary. Your video is a prime illustration of what a hack he really is.
commented 2019-07-24 12:08:25 -0400
And Andrew the west is full of Canadians from across the country who have made it their home, as well as the born and bred. I have been in the west for more decades than you have been on this earth. Trust me I know Canada and have lived in most provinces, so don’t tell me that I live in a ‘western bubble’.
commented 2019-07-24 12:04:27 -0400
I am well aware that Quebec is not a poor province. I am also aware that
“They were simply canny about it and got the revenue excluded from equalization calculations.”

Don’t worry Andrew I know that you have stated that you need written info and don’t have the ficus to watch or listen vids. I wasn’t expecting you to listen to what O’leary said.
commented 2019-07-24 11:57:35 -0400
LIZA ROSIE commented 8 mins ago
What current economic boom ? Andrew must live in a parallel universe. Even O’leary scoffs at Trudeau’s manipulated numbers(see vid below)”

O’Leary would say the sky is green if Trudeau called it blue. He’s made a living out of being antagonistic, and frankly it doesn’t surprise me that you value his navel gazing over the hard statistics (There’s a name for the phenomenon when you only hear what you want to hear, it’s called confirmation bias).

By every objective measure, we are doing very well economically. It’s definitely uneven, but that’s always the case. I don’t live in a parallel universe, I just don’t live in Alberta and am aware of the existence of a wider Canada out there.
commented 2019-07-24 11:52:17 -0400
’LIZA ROSIE commented 10 mins ago
Quebec has resources, lots of them,. There is no reason on Gods green earth for them to
be such leeches."

They use their resources. The hydro projects will be printing money for centuries, long after Alberta’s pumped its last drop of oil. They were simply canny about it and got the revenue excluded from equalization calculations.. Quebec is not a poor province.

People confuse “resources” with energy. They have some shale gas, but not a lot, Their estimated 4tcf is worth about 15 billion dollars, in total.
commented 2019-07-24 11:45:08 -0400
What current economic boom ? Andrew must live in a parallel universe. Even O’leary scoffs at Trudeau’s manipulated numbers(see vid below)
commented 2019-07-24 11:27:35 -0400
Quebec has resources, lots of them. There is no reason on Gods green earth for them to be such leeches.
commented 2019-07-24 11:25:12 -0400
You can’t get blood from a stone. Michelle had better get onto her boss about that Paris accord if she expects Canadians to take her party seriously.
Ottawa is ‘asking for more than we can give right now ’. The well is dry losers. You killed the goose that laid the golden egg. Done. Fini.
Ottawa has tied our hands behind our backs leaving us no way to defend ourselves while they pummel us in the face.
The foundations are already being put in place to ’build that wall’. Whoever is going to make that unnecessary had better hurry up.

Kevin O’Leary is bullish on Canada. Says either way Justin is gone.
https://www.youtube.com/watch?v=Gwsn3twqwZ0
commented 2019-07-24 11:13:22 -0400
LAIN CLATWORTHY commented 1 hour ago
Ontario and Alberta provincial taxes payers are the only Provinces making
equalization contributions, each paying 6.5 billion as welfare handouts to the
Province of Quebec."

Equalization comes out of general revenue. All provinces pay into it, roughly equivalent to GDP. Ontario, at 38% of Canada’s economy, pays about 8 billion (gets back nothing since 2018). Quebec, at 20%, pays in about 4,(gets back 12, net 8) BC and Alberta are both about 15%, and contribute 3 each.

The worst recipient, per-capita, is New Brunswick. Far wore than Quebec, 12x the people but only 6x the equalization. And, unlike BC, Ont, Quebec, the current economic boom has passed them by.
commented 2019-07-24 10:45:11 -0400
While I’m not that up-to-date but if I recall some earlier debate on equalization formula there are many contentious issues on how it is calculated.
I believe for instance that Quebec’s CONSIDERABLE hydro resources are NOT included in formula or at least grossly undervalued.
Would appreciate further insight into parameters used in calculations.
Also formula was to be reviewed by Premiers in past year but Trudeau deferred this!
commented 2019-07-24 10:28:43 -0400
Jihadi-Justin-Groper is not ignoring the plight of Alberta and her people…he created it!
commented 2019-07-24 10:09:45 -0400
Ontario and Alberta provincial taxes payers are the only Provinces making
equalization contributions, each paying 6.5 billion as welfare handouts to the
Province of Quebec.
commented 2019-07-24 10:07:05 -0400
Alberta’s whining again? What a shocking twist that is! . Truly the tantrum-prone toddler of confederation.

It’s kinda like someone complaining about how expensive his Ferrari is to maintain. Eventually people stop listening.
commented 2019-07-24 09:08:18 -0400
“Let’s talk about the equalization formula”

Sure, Michelle.

But first, I’d like to talk about scheer-the-steer and his 90+ sheep who raised their hands to support turdo la doo on the Paris Climate Accord.