Quote:
Originally Posted by FLAMESRULE
Yup. This just smacks of complete incompetence with the economics of Alberta in general. I hate Stelmach with a passion, and this is another fork in his voodoo doll. Another reason why farmers should not be Premiers. EVER.
Of course no details were released, it will take 6 - 12 months to figure things out...blah blah blah.
To be honest, and I work O+G, I dont want a bailout. Tough times do have a silver lining in that it makes the industries affected leaner and more effecient.
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Agreed. Bailouts only reward inefficiency, and tend to bite the recipients in the ass when things improve. Allowing a bailout now only encourages a carbon tax/NEP 2.0 later on. The government has all the ammo they'd ever need, "we helped you when you were hurting, and now you cry when you're making record profits again... well, now we need something in return..."
A stable, business-friendly environment with low taxes is the best way for the AB Government to help the Oilpatch weather the storm and keep most of its people gainfully employed.