Tar Sands Baby
I decided to read an article in the Globe’s business section today entitled, “Twilight of a Boom”, because I’d had a glass of wine and was feeling quite sophisticated.
Also, I’d really like to be more conversant than I am in the snootier money matters. As it is, I’m flummoxed and confounded by stock market yak and mutual fund blather, although I’ve noticed that a locked-in rrsp (balanced mutual fund) is suddenly on the rise.
But that just makes me think interest rates will head up, too, and although one can make more with a mutual fund than a GiC, I was in a chaotic state of mind in the early to mid 2000s and so didn’t lose a dime in 2008 when so many other people did.
I just left my money in a GiC, resisting all entreaties to invest, and started all over again in the work world, saving any leftover nickels and dimes for a rainy day.
Anyway, that’s not what this entry is about because halfway into the article, which is exactly what you’d expect, a run down of the run down Alberta economy, where men are men and women are left running up government deficits, David Emerson shows up.
Yes, THAT David Emerson.
And here, believe it or not, is what he has to say with regard to the inevitable bust to the boom of the Alberta boom bust economy:
“Canadians have not developed an acute appreciation of the extent to which our fiscal situation is dependent on the Alberta growth factor and the natural resource revenues.”
Now, I don’t know about you, but I’d like David Emerson to experience an acute appreciation of the extent to which that statement has irked me by experiencing his underpants being yanked up over his ears.
Yes, that’s right, an atomic wedgie.
Because if there’s one thing Canadian have developed, especially the eastern bastards freezing in the dark, it’s an acute appreciation of the extent to which our fiscal situation is dependent on the Alberta growth factor and the natural resource revenues.
Jesus christ on a pink slip, I am so going to start paying attention to what those backroom cockburgers are saying about us in the business section of the Globe.
But, you know, Louis CK does a bit in one of his comedy routines, I think it’s the one where he goes on about how amazing everything is and how spoiled we’ve become that we don’t appreciate anything anymore, where he admits he kind of hopes everything crashes and we have to go back to using donkeys to carry our pots and pans around.
I say we Canadians use our politicians instead of donkeys, starting with Alberta Conservatives and working our way up.