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Originally Posted by CliffFletcher
The NEP? Bad policy. But it was also followed by a global crash in oil prices - something that Alberta demagogues seem to forget. If the downturn of the 80s was caused by the NEP, why did the economy in Texas go into a tailspin at the same time? Remarkable coincidence.
The NEP bogeyman is the best example of the incredible rationalizations people in this province will engage in to avoid facing the reality that our security and livelihoods are tethered to the price of a commodity that we have no control over. It's like primitive man convincing himself droughts and earthquakes are caused by angry gods. It's more comforting than facing the reality that catastrophes often happen for no reason.
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the NEP isn't just remembered because it was a bad policy, It was remembered because it was a vindictive policy put in place by Trudeau because he strongly disliked this province because they didn't think the way that he thought.
And yes we would have had the Oil crisis of the late 80's, but at the time, Alberta was in a position to strengthen its economy and Trudeau decided to punish this province.
People remember the NEP and Trudeau less then fondly because it was basically a punch to the balls by a jerk and his lap dog (Marc Lalonde)
And as much as you want to deny it while the later energy crisis was destructive. The NEP destroyed lives for no reason and no logic.