Many of us are calling BS on the Minister revisionist history. What did we know in nov/dec? Stock market was over valued. CDN growth targets revised down. World and Chinese demand already softening. US unpredictable and not in a good way. World Tensions high. Brexit. EU soft. https://twitter.com/cbcfletch/status/1299037546849206272">https://twitter.com/cbcfletch...
BC budget week before Alberta was way too rosy and we were still sussing out COVID that hit big numbers that and next week. WHO made clear this was a pandemic and gave countries a small runway to get their shit together
Despite the clear https://abs.twimg.com/emoji/v2/... draggable="false" alt="💩" title="Dreckshaufen" aria-label="Emoji: Dreckshaufen"> hitting the fan the Alberta budget was sheer fantasy, mentioning COVID twice https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤦‍♀️" title="Frau schlägt sich die Hand vors Gesicht" aria-label="Emoji: Frau schlägt sich die Hand vors Gesicht"> and forecasted oil prices that might as well have been magic fairy dust. Economists near and far called them out, telling them to shelve the budget and take this seriously.
Did they listen? No. Did they mock? Yes. Did they belittle? Yes. They did not get serious until after....after the pandemic was called. And even then the Alberta governments response has been embarrassing https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤷‍♀️" title="Achselzuckende Frau" aria-label="Emoji: Achselzuckende Frau">
I am pleased to be part of a very select team of economist selected by the Royal Society of Canada to detail not only lessons learned from the pandemic but also detailing a plan for our economic recovery. Alberta might not listen but https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇦" title="Flagge von Kanada" aria-label="Emoji: Flagge von Kanada"> sure as hell does
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