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Thursday, February 11, 2010

Ted Morton is prejudice against flowers

The Wildrose Alliance has released a seven page document outlining what their budget would look like if they were the government. This is a good move on their part because it helps demonstrate that they are a party capable of being the government. It is also a good way for a party with few seats in the legislature to participate in the budget debate.

In response Alberta Finanace Minister Ted Morton takes aim at...the WA's name?

According to the Edmonton Journal he said:

"Any party that has the name of a flower and the adjective of wild in the name isn't going to get elected."

What is in a name? Would a rose by any other name be so wild?

Frankly I don't care if Danielle Smith is leading the Chicken Fetus Party. She is the best person to be the next Premier of Alberta, and the PCs are unlikely to convince anyone otherwise by making dumb comments like that.

Posted by Hugh MacIntyre on February 11, 2010 | Permalink


Ted Morton is a phony. He lives by false reputations, such as his misplaced image as a fiscal conservative.

It's no wonder he responded the way he did by taking a page out of the 'How to Debate the Junior High School Way' book - the so-called 'pro-Alberta, fiscal conservative' laid out a Budget that the NDs actually praised. That should say it all right there.

The sinking PCs are lashing out. I can't wait until they turn their knives on each other. It's going to be fun to watch.

Posted by: Leigh Patrick Sullivan | 2010-02-11 8:46:11 AM

I agree Leigh

The only way for Morton to salvage any kind of respect,is if he were to vote against his own budget in a recorded division.

Otherwise his wait and change from the inside talk has done nothing but delay the hopes of thousands of true fiscal conservatives in this province who want common sense restored to our provincial government.

At this rate Morton will be defeated in the next election.

Posted by: Travis Chase | 2010-02-11 10:32:29 AM

Would Morton deny that his old colleague holds power in Ottawa largely because of a party that is named after a colour and it's effective splitting of the left vote?

Ed, meet Harry Strom!

Posted by: John Chittick | 2010-02-11 10:54:32 AM

Morton disappointed me with this budget. i voted for him in the PC leadership race on his reputation as a fiscal hawk with mildly libertarian aspirations, and now he's talking nonsense about vote splitting and socialists coming up the middle. as we say in the markets, "the trend is your friend", and Morton knows very well the PCs will be swept out of office, according to Alberta history.

i get the feeling he'd love to join the WA, but just doesn't want to take a chance and lose his digs. its almost as if he's a slave to the reserve, too scared to walk away, and hooked on a dubious future because he gets his stipends.

i don't know... because of his background, i still think he's just what the WA needs (better than the two mediocrities who just joined), but it seems as if he's been arm-twisted by the lefties and is too scared to step down and join the WA.

...and putting Morton in the Finance portfolio were the PCs' last chance to appeal to the conservative majority; and they still blew it!

wtf are they thinking?!

Posted by: shel | 2010-02-13 12:52:54 PM

Morton flushed away all his credibility with this ridiculous budget. Idiot. To think I voted for this bozo and then he betrays my trust with this dumbass budget.

What is it with these PC's? They are all suffering a collective case of stupid.

Posted by: snowgirl | 2010-02-14 12:22:39 AM

As Finance Minister Ted Morton tries to protect the Alberta Securities Commission (ASC), and the ASC desperately tries to protect the investment industry I have to ask a few questions for Mr. Morton:

Who is protecting Alberta investors? It is certainly not you.
Why does the ASC let investment firms violate alberta securities law?
Why are these exemptions granted without notifying the public?
How many investors know that there are more than 500 such legal passes granted each year in Alberta, on investments they may own?

Finance Minister Ted Morton needs to tell the public why he will not answer any of these questions, nor will he force the ASC to answer these questions about the public interest. Investments are a consumer product and the public should be asking exactly why this regulator (and Minister Morton) would allow thousands of investment products to be sold to consumers without meeting the laws. Is there a special form of treatment for financial firms? Is there some kind of exemption from consumer protection laws that we should know of? Is somebody on the take that perhaps we should know about Mr. Morton? They (and you) are required to act only in the public interest and yet they (and you) cannot answer these questions. That is an answer unto itself.

Mr. Morton, you are trying to protect a crown agency that has been the subject of years and years of controversy. An agency that has recently allowed $1 billion in toxic, sub prime investments to be sold to Albertans without explanation. Will you tell us why toxic investments were given permission to violate our laws? (see forum topics at http://www.investoradvocates.ca)

To support regulators whose salaries are paid by the investment industry, and to help cover over a cozy, possibly corrupt relationship between the regulator and the industry is to fail in your duty to the public.
You have earned our vote. Now Mr. Morton will you work to earn our respect?

Further, Mr. Morton, if you are concerned about Alberta jobs, why not simply negotiate a Calgary office location for the new National Securities Regulatory body. That would seem easier to accomplish and perhaps wiser than supporting an already corrupt and negligent regulator, the ASC.

Albertan investors should write their own letter to Finance Minister Ted Morton at [email protected] and copy me with your letter and or any response you may get. See if Mr. Morton will refuse to answer these questions to you as well. I promise to keep track of this matter until investors can be protected like any other consumer, and not preyed upon by regulators who cannot or will not demonstrate that they are not on the take.

Larry Elford (former CFP, CIM, FCSI, Associate Portfolio Manager, retired)
[email protected]

Lethbridge Alberta, founder and director of http://www.investoradvocates.ca

Posted by: larry elford | 2010-05-31 8:29:26 PM

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