Tanking economy creating opportunities for Social Credit Party

As Alberta’s economy nosedives, conditions are right for another Socred government, said the leader of the Social Credit Party.

Len Skowronski

As Alberta’s economy nosedives, conditions are right for another Socred government, said the leader of the Social Credit Party.

Len Skowronski, who attended a policy convention in Red Deer County Saturday, said his Social Credit Party was first elected as Alberta’s government during the Great Depression of the 1930s. “We’re sort of going back to the Social Credit roots… we’re going into a major recession/depression right now.”

The Calgarian notes the Socreds formed the Alberta Treasury Branch and passed the Credit Union Act to help Albertans get credit after major banks closed rural branches in 1935.

Since major lenders are again scaling back on loans, Skowronski believes it’s to reconsider the Social Credit Party’s monetary policies.

About 20 party members met at the Moose Lodge to discuss proposals, such as reforming the role of the Alberta Treasury Branch to what it originally was — an arm of the government that gave Albertans low interest loans.

Skowronski said it was the Tories that remade the treasury branch into just another bank.

He faults the Conservative government for giving out too many oilfield leases in the last few years. “If the government had controlled the boom a little better, there wouldn’t have been as big a bust,” said Skowronski, who wants the Tories to stop giving Alberta’s resources away to big business.

Instead, he suggests forming a Crown Corporation, “an Alberta Oil and Gas Company,” to keep more profits in the province. The nationalized company would make decisions that benefit Albertans — such as drilling, building and upgrading plants now, when construction costs are low and unemployed labour is available, said Skowronski, who doesn’t believe drilling should be delayed until oil prices rise.

“The price of oil is going to go up again . . . we shouldn’t be laying off these people, we should be getting them doing something long-range.”

Skowronski, a former oilfield consultant who worked for multinational corporations in the Middle East, also wants to stop bitumen exports to the U.S., saying refineries that turn the raw material into synthetic oil should be built in this province to create jobs.

Several monetary policy proposals were tabled for discussion at the next convention. But the membership agreed Saturday that Albertans should gain increased ownership of the province’s natural resources through a “holding company” that invests in the development of the oil sands and other new ventures, and ensures Albertans have controlling interest.

lmichelin@bprda.wpengine.com

Just Posted

Rural communities could face policing bills

Province considering getting smaller and rural communities to pick up a portion of policing costs

Random Acts of Green Canadian tour comes to Red Deer

Red Deerians are being encouraged to lessen their impact on the environment.… Continue reading

Free blood testing for HIV, Hep C, syphilis offered Thursday in Red Deer

Anyone can drop by from 10 a.m. to 4 p.m. at Bower Ponds pavilion

Red Deer economy bouncing back but slowly: report

While Red Deer’s economy has been in recovery mode for the past… Continue reading

Red Deer cyclist dead after being hit by vehicle

A Red Deer cyclist was killed when he was struck by a… Continue reading

WATCH: 2019 Canada Winter Games will leave a lasting legacy, say organizers

It leaves Red Deer with the infrastructure and confidence to host future such events

Your community calendar

Wednesday Central Alberta Historical Society annual general meeting is 6 p.m. at… Continue reading

Couche-Tard wants to be a player in the sale of cannabis

LAVAL, Que. — Alimentation Couche-Tard Inc. wants to be one of the… Continue reading

Michael Dawe: A safe supply of water has long been a priority for Red Deer

The oldest part of the Red Deer water treatment plant on 54th… Continue reading

New parent charged in admissions scam, linked to $400K bribe

BOSTON — A woman accused of paying $400,000 to get her son… Continue reading

Canadian stars Virtue, Moir say in video they’re “stepping away” from ice dancing

Canadian ice dancing stars Tessa Virtue and Scott Moir say they are… Continue reading

Bruce Cockburn avoids impulse to get political with lyric-less new album

TORONTO — If anyone is looking for activist folk singer Bruce Cockburn… Continue reading

13 seasons in, stars reflect on success of ‘Heartland,’ Canada’s ‘comfort food’

HIGH RIVER, Alta. — Alberta-born actor Shaun Johnston had already had a… Continue reading

N.S. senior whose birthday card request drew international response dies

SYDNEY, N.S. — A Nova Scotia widower who received thousands of birthday… Continue reading

Most Read