Sask Gets Credit Downgrade

[tay]

I blame Notley for this....but l'll wait for official investigation by The Rebel.....

What conservatives would say about Saskatchewan's credit downgrade if Brad Wall wasn't conservative

*Crickets*

That's the sound coming from conservatives and right-leaning media pundits after global credit agency Standard & Poors downgraded Saskatchewan's credit rating from triple-A to double-A plus on Monday.

When low oil prices led to Alberta's credit rating getting downgraded last year, Wildrose leader Brian Jean and finance critic Derek Fildebrandt said it was a "wake-up call" that the Alberta government had become too "expensive" and "wasteful."

Someone from Wildrose will get Brad Wall on the phone and tell him the same thing, right? Right?

When another province which shall remain nameless recently saw its credit rating downgraded, former Prime Minister Stephen Harper was aghast, absolutely aghast, remarking that what he was witnessing would be "unthinkable a generation ago."

He'd say the same thing about Brad Wall today, right?

more hypocrisy......

What conservatives would say about Saskatchewan's credit downgrade if Brad Wall wasn't conservative

 

[mentalfloss]

I've already done this shtick but it's always nice to see it reinforced.

 

[captain morgan]

Too funny.

A hard-hitting oped from Press Progress.

... So factual that the author can't even list his/her/its name.

Thanks for playing tay, lemme see if Vanna can scare up a nice consolation prize for ya'll

 

[Johnnny]

Looks like BC is the only onr left with a triple A... Saskatchewan now joins Alberta and Manitoba on the S&P...

In my opinion if we are going to talkabout credit rating, let's talk about Ontarios Single A rating from S&P. That's something that needs to be reinforced, and likewise why aren't we hearing from the Liberals in Ontario criticizing Ontarios credit rating?

Oh wait this is just the type of article that low info voters need to be sheep.

 

[captain morgan]

Is the reference to 'low info voters' the same as saying mindless ideologues?

 

[tay]

Yesterday was the longest day of the year, and Standard & Poor’s chose the summer equinox to further downgrade Saskatchewan’s credit rating from AA+ to AA.

It turns out that increasing debt caused by keeping the lights on in resource dependent provinces in the face of low oil, natural gas and other resource prices has had pretty much the same effect in Saskatchewan governed by conservatives as it has had in Alberta governed by social democrats.

That said, a good economic case can be made that Alberta will be in far better shape as both provinces recover from the downturn because the NDP has not laid waste to health care, education and other public services, as the Saskatchewan Party is doing.

Regardless, when Standard & Poor’s downgraded Alberta’s credit rating for the second time, from AA+ to AA last month, the Wildrose press release called it a “disastrous credit downgrade.”

“This is totally unacceptable,” wailed Wildrose Leader Brian Jean, who is already a candidate to lead the still-unbirthed United Conservative Party.

“Credit rating agencies don’t care what politicians say, they care what they do, and the NDP are doing nothing but dithering while Alberta’s deficit spirals out of control,” shrieked Wildrose Finance Critic Derek Fildebrandt, another UCP leadership candidate.

The Wildrose Party called on Premier Rachel Notley’s government to slash spending, as the Saskatchewan Party has been doing under Mr. Wall. Alert readers will recall that not so long ago Progressive Conservative Leader Jason Kenney, the original candidate to lead the UCP, hailed Premier Wall as “the real leader of Western Canada.”

The first time an S&P downgrade happened (to Alberta), the PC news release called it “a major blow to our economy.” (Economics hint: It wasn’t really, although it does increase borrowing rates somewhat.)

Postmedia’s newspapers devoted a mere 128 words to the Saskatchewan credit rating downgrade yesterday.

However, in the foundering newspaper chain’s defence, they did shamefacedly retract their original headline, which read, “S&P upgrades Saskatchewan’s credit rating to AA.” Postmedia left in place the story’s original URL – which still contains the upgrade error.

So, just when will we be seeing the Wildrose and PC attacks on the Real Leader of Western Canada’s apparent mismanagement of the Saskatchewan economy?

Alberta PoliticsSaskatchewan credit rating downgraded for second time by Standard & Poor