Now let me tell you a story about Little Red Riding Hood and Pinocchio; they have something in common and something quite different from one another, beside the red cloak and long nose.
In common, they are both big spenders and lovers of big government. They differ in that Little Red Riding Hood is not afraid to tell the truth about her big spending ways. Pinocchio, as his name implies, cannot bring himself to admit his failing.
Little Red Riding Hood won a spectacular victory last eve in Alberta while Pinocchio preserved his minority government by doing a deal with the Devil. Both will end their careers one day with very healthy taxpayer funded pensions. It is the rest of us who will be on our own.
They are similar in another respect - both lead left of centre parties - more like the NDP than the PC and Liberal Parties they pretend to lead.
Singularly and together they represent a failure for Canada.
Canada's debt, combined with Provincial debt and pension shortfalls, rival Europe and the United States in the race to declare bankruptcy first. The two initiatives of yesterday, gives great boost to Canada's efforts to claim the prize first.
All Provinces east of, and including Ontario, are now classified as have-not. Only two provinces now fund the rest - Alberta and Saskatchewan. Yesterday's election will insure that Alberta's ability to continue its largess will become more and more impaired.
For Ontario, we have already seen an out flow of manufacturing and entrepreneurs and this trend will only accelerate. I suspect the prime beneficiary of this out flow will be the United States as it continues to move to recovery.
McGuinty and Alison 'the Red' Redford, are totally ignoring what is taking place in such states as Spain and Greece. Both have unemployment rates in excess of 20% while those under 25 face a rate exceeding 50%.
The majority of Canadians continue to live in a dream world and seem to love stories like the two above. In unemployment, they will have lots of reading time.
As I see it...
'K.D. Galagher'
