A one trick pony

[dcbogey]

I guess this is what happens when you pin all of your hopes on one commodity.

http://www.theglobeandmail.com/servlet/story/RTGAM.20090219.waltarecession0219/BNStory/National/home

Alberta heads into 'sharp' recession

KATHERINE O'NEILL AND DAWN WALTON
From Friday's Globe and Mail
February 19, 2009 at 8:51 PM EST
EDMONTON, CALGARY — Alberta, long the envy of the nation with its vast energy resources and overflowing treasury, is about to post a stunning financial setback – an estimated $1-billion deficit, one of the largest budget shortfalls of any province this fiscal year.

Albertans learned for the first time yesterday how dire their economic situation has suddenly become after Finance Minister Iris Evans announced the debt-free province has entered a “sharp period of recession.”

She said Alberta, which hasn't posted a deficit in 15 years, is expected to shed 15,000 jobs in coming months as its economy shrinks by 2 per cent.

 

[Rockslinger]

an estimated $1-billion deficit, one of the largest budget shortfalls of any province this fiscal year.

Where will we get the money to "equalize" Quebec? Our fellow citizens in Quebec deserve that equalization money. My Quebec includes Canada.

 

[Mia.Colpa]

Where will we get the money to "equalize" Quebec? Our fellow citizens in Quebec deserve that equalization money. My Quebec includes Canada.

For the last 30 to 40 years all I keep hearing is how Quebec feels they should separate and that they can stand alone on an economical scale, which is absurd IMO.

My Canada also includes Quebec, but it sure is frustrating when they scream separate and also scream give us more money. They do get more in transfer payments than they give.