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Poor Reed Elley, former Cowichan MP, never did understand economics.

Don Maroc

The Cowichan Valley Citizen courteously printed a letter from Mr. Elley severely criticizing the recently elected Alberta NDP and its charismatic leader Rachel Notley.

Although Premier Notley’s crew have been running things for only a few months, after a parade of pitifully incompetent Conservative governments held power for 42 years, Elley joins the smirking arrogance of CBC TV show investor Kevin O’Leary blaming Notley for the collapse Alberta’s oil industry.

election debate 0173 copy.jpg

Premier Rachel Notley

Elley, repeating O’Leary’s nonsense, claims that adding two percent to Alberta’s corporate taxes has sucked $3 billion out of the provincial economy.

Now Reed you have to realize that where your friend O’Leary formerly exaggerated a lot for the TV viewers, he’s now aiming for an important role in the Conservative Party of Canada politics, which will open the possibility of using outright lies. You have to understand that when corporations are losing significant money, even the filthy rich global oil conglomerates, when their ledgers show red ink they do not pay taxes. Truth is they paid very little when they were buried in cash.

Kevin O'Leary

Kevin O’leary

Elley points out that the Notley government has failed to offer a plan to save jobs and homes. He apparently didn’t notice Charles Mandel’s report that Joe Ceci, Alberta’s Finance Minister, said: “All across Canada – and especially right here in Alberta – communities are feeling the impact of the global oil price collapse.”

“The province has been working to counter the economic downturn,” according to Ceci. He cited initiatives such as an expanded infrastructure program adding up to $34 billion over the next five years and designed to create jobs.

“While we don’t control oil prices, we do control our response. Our government will work to find efficiencies, but we will not make reckless cuts that would simply make a bad situation worse,” Ceci said.

Conservative Reed Elley

Conservative Reed Elley

“We will continue to reduce our vulnerability to these shocks, by promoting economic growth and encouraging diversification.”

Still angry Elley then jumps to the recent NDP changes to farm legislation which he says will destroy the family farm. No, no Reed, that bill merely provided workers on large corporate farms with working conditions and protections almost as good as Alberta oil patch employees. Smaller family farms are specifically excluded.

No, no Reed, that bill merely provided workers on large corporate farms with working conditions and protections almost as good as Alberta oil patch employees. Smaller family farms are specifically excluded.

Then Elley takes a big leap to what he calls, “the gender identity crisis allowing students to choose their own genders.”

Now we’re going to have to cut Reed a little slack here, as a Baptist Church minister he understandably has strong beliefs about people arbitrarily altering their God-given sexual orientation, which, he notes, “is destroying the foundations of our society.”

He may even be right that, “millions of Canadians do not agree with this kind of state intervention.”

Oil Prices Environment

Alberta Tar Sands

Before we throw our hands up in despair, Elley makes a solid prediction, “I think we are in for some rough economic times in the next few years.”

His final response that, “Canadians will probably be wishing they had [Stephen] Harper back to guide them through it like he did in the 2008 crisis.”

We don’t know if Mr. Elley forgot, or never knew, that through all those decades when oil prices reached $120 per barrel (as opposed to $27 and falling, where it is now) his beloved Conservatives neglected to stash any savings away for this rainy day. Instead the Ms. Notley’s NDP government was handed a province so far in debt that it is virtually bankrupt.

Instead the Ms. Notley’s NDP government was handed a province so far in debt that it is virtually bankrupt.

For his peace of mind it is probably better that Mr.Elley does not understand economics.

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2 comments to Poor Reed Elley, former Cowichan MP, never did understand economics.

  • If anyone is to blame, it is successful governments that have put our economy in danger by not diversifying. All that oil money, and noone thought to invest it into cleantech?

  • Dave Hewson

    “as a Baptist Church minister he understandably has strong beliefs about people arbitrarily altering their God-given sexual orientation, which, he notes, “is destroying the foundations of our society.”

    What a hypocrite, a more sound analogy would reference the money lenders in the temple “destroying the foundations of a “decent” society. You know ,usury practiced by the banks with their audacity to actually offer 0% interest on savings and charge 21% on credit cards and this with money that was not theirs in the first place…………
    The history of the established church with regard to destroying society is shameful.

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