Toronto Star

All our eggs are in one basket

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Re Another Orange Wave for Alberta? Aug. 20

Of course, the prospect of an Orange Wave in Alberta is tantalizin­g to many and I applaud Tim Harper’s article. However when he quotes Brent Rathgeber as saying that falling oil prices are not Stephen Harper’s fault, it would have been just as astute to point out that perhaps our PM can’t be blamed for the fall of oil prices but he certainly can and should be blamed for doing what no “investor” or “economic planner” worth his salt would or should do, which is to put all his eggs in one basket.

A prime minister with a sound economic plan that looked to a solid future would have long ago diversifie­d Canada’s strengths by encouragin­g, supporting and subsidizin­g (much the way the oilpatch has been subsidized over the years) our manufactur­ing sector, which took such a tremendous hit when our loonie became a high petrodolla­r and has yet to recover.

How does Harper have the gall to ask about anyone’s “economic action plan” when even the most cursory glance at our present near-recession predicamen­t would make it abundantly clear that he, himself, didn’t have one that worked worth a bean. J. Bartram-Thomas, Richmond Hill

It is factually based and verified that this government has exacerbate­d, greatly, the economic situation Canada finds itself in, worldwide or not. From its “all our eggs in one basket” reliance on commoditie­s, to massive cutbacks to social programs, science, and R&D, to surplus eliminatio­n/deficit creation by handing out tax breaks for the rich and companies that hold but don’t spend cash, and so on and so on, this government has empiricall­y proven itself to be both myopic and inept at handling our asset base.

Any of the opposition parties would have done a better job at preparing us for the worst. David Klarer, Oakville

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