Premier Stelmach bad for Alberta

Don Getty is a lot brighter than Premier Ed Stelmach. Stelmach is like a lost sheep being led by his cabinet ministers and they, too, are lost sheep.

Re. April 21 editorial by Lee Giles, headlined Stelmach just like Getty:

Don Getty is a lot brighter than Premier Ed Stelmach.

Stelmach is like a lost sheep being led by his cabinet ministers and they, too, are lost sheep.

Truly, what has Stelmach done correctly?

He drove the oilpatch out of Alberta by increasing and tinkering with oil and gas royalties.

Also, Alberta’s credibility has been tarnished because of forcing increases in existing long-term legal royalty agreements.

I am certain this is going to affect future foreign investments.

Health-care services in Alberta are not improving and, in fact, reports indicate they are getting worse.

The finance minister has failed by predicting huge surpluses, only to wind up with a huge deficit.

For example, the finance minister predicted an $8.5-billion surplus less than nine months ago, that now turns out to be a $4.7-billion deficit (or $6.7 billion if cuts are not made or if income does not increase).

Last year, Stelmach approved huge salary increases for himself and for his cabinet ministers and this year huge bonuses for his executive government officers. I am not aware of any signs of excellence from these people.

Now, the premier is approving investments of pension fund monies in speculative and risky oilpatch ventures.

Had theses types of investments had been into EnCana or Imperial Oil, I would have no objection.

Alberta Heritage Fund has lost $2.5 billion and ATB Financial has lost millions of dollars by investing in ABCP. The Public Service Pension Plan has lost money as well.

Someone else must take over the reigns of power from Stelmach because this type of mismanagement cannot be allowed to continue.

Alberta is heading into serious financial trouble and there must be a stop put to it.

Joe Byciuk

Blackfalds

Just Posted

More than $25k raised for Red Deer firefighter who is recovering in hospital

‘I think the support he’s getting is because of the person he is’

Lacombe backs Blackfalds stormwater plan

Stormwater management plan will open up more land for development in Blackfalds

Two men facing charges in alleged abduction

RCMP issued alert for woman on Wednesday morning who was found safe later that day

Red Deer RCMP seek public assistance to identify suspect in indecent acts

Red Deer RCMP are looking for a man believed to be responsible… Continue reading

WATCH: Two weeks away from Canadian Finals Rodeo in Red Deer

In just two weeks, Ponoka’s Shayna Weir will compete with the best… Continue reading

Leon Draisaitl has overtime winner as Edmonton Oilers down Boston Bruins 3-2

EDMONTON — Connor McDavid set up Leon Draisaitl for the overtime winner… Continue reading

Edmonton girl guide sells out of cookies in front of cannabis store on first day

EDMONTON — She’s being called one smart cookie. As people lined up… Continue reading

New vacuum needed: Calgary family adopts three bonded St. Bernard buddies

EDMONTON — Three adult St. Bernards who couldn’t be separated because they’re… Continue reading

Film with Fan Bingbing, Bruce Willis cancelled after tax case

BEIJING — The director of “Air Strike,” featuring Chinese actress Fan Bingbing,… Continue reading

Michael Buble shuts down rumours of retirement from music

LOS ANGELES — Michael Buble is shutting down rumours that he’s going… Continue reading

After Canada legalizes pot, industry eyes rest of the world

MONTREAL — Cam Battley is a top executive at one of Canada’s… Continue reading

Facebook’s election ‘war room’ takes aim at fake information

MENLO PARK, Calif. — In an otherwise innocuous part of Facebook’s expansive… Continue reading

Military to overhaul morale-boosting trips after review finds serious problems

OTTAWA — Canada’s top general is overhauling military morale-boosting tours after an… Continue reading

Most Read