Kevin O'Leary wants to become a Liberal

personal touch

House Member
Sep 17, 2014
3,023
0
36
alberta/B.C.
Mr. Oleary is our only hope to take right wing nuts under his fold,therefore blue is the only colour for "Kev".
Mr.O'Leary is our only salvation to take those capitalistic biggots to where they belong and serve,
peace and harmony is what Mr. Olearly will give me if he takes on leadership of the Conservatives.
O'Leary for Conservative leadership,important to note the ultra right wingers are suspicious of Mr.O'Leary,this must change.
 

Bar Sinister

Executive Branch Member
Jan 17, 2010
8,252
19
38
Edmonton
Maybe he means 19th Century classical liberalism, a philosophy that has migrated to the modern right.

Frankly, O'Leary comes across as politically naive if not outright stupid in almost every interview. Let him run for whatever office he chooses - it will be fun watching him getting his *** kicked.
 

Mowich

Hall of Fame Member
Dec 25, 2005
16,649
998
113
76
Eagle Creek
To: Kathleen Wynne

From: Kevin O'Leary

Re: New Cap and Trade Slush Fund

Hi Premier, just saw you are setting up a new $1.9 billion cap and trade fund that you and Finance Minister Charles Sousa will be overseeing. Congratulations, you two are now managing the largest hedge fund in Ontario's history!

I'm just as optimistic as you are. But I recently made a promise to every taxpayer in Canada that I would call out mediocrity, incompetence and risk in government economic and fiscal policy, so I feel the need to verify a few things:

1. This new slush fund will have its own independent and transparent account, right?

2. I will need a quarterly statement of fund flows in and out of the account documenting the source and use of proceeds. After all, someone in your government might forget that this money was earmarked to reduce carbon emissions and spend it on something else.

3. I expect to be informed on administrative head count. Rumour has it you're planning on hiring hundreds of new government employees to administer the fund. You know how snippety some people can get when you swell government payroll when no one else can find a job in this economy!

4. I heard Mr. Sousa say on the radio that you're going to be making new and exciting investments in "green tech". I will need to know the terms of each deal, what I paid for my equity or debt positions, my voting rights and what governance is in place in each investment.

5. I expect you'll be hiring an independent auditing firm to value each investment on a mark to market basis and provide a going concern letter in cases where investments might not have worked out as planned. Also "green tech" companies have a nasty habit of going bankrupt as soon as their government subsidies end, but with your and Mr. Sousa's long track record of picking winners in this industry, I'm not worried about that.

6. I'd like you to offer some consolation to parents in Ontario who are concerned they're leaving their children a $308 billion debt. Such worry warts! Yes, our $308 billion debt makes Ontario the most leveraged jurisdiction in North America. We now have twice the debt of the state of California with half the population!

7. Oh yes, just one more thing. You promised that this initiative was going to reduce carbon emissions, so I will need the reduction data on a quarterly basis as well.

I know your critics say you could have left all this money in the hands of companies that employ thousands of Ontario workers and in the pockets of entrepreneurs who create new jobs in Ontario, but you told us you could do a better job with it and you didn't give us a choice anyway. We're already one of the most uncompetitive and highest taxed jurisdictions in North America, so who cares about a few more billion in taxes?

Well, maybe some taxpayers did care. They were some of the 29,000 Ontario residents that were affected by your last 2% super tax on Ontario's high earners. I know they were very concerned about air quality too. Many moved to Nassau where carbon emissions are low. They don't pay tax in Ontario any more so let's forget about them. They're not going to give us any more trouble or tax revenue.

On behalf of myself and all the Ontario taxpayers who still live here, I want to know that you're our leader on this fund.

Before you know it, there's going to be another election in Ontario and I'm going to make damn sure both of you get all the credit you deserve on this.

Oh, and good luck with the funds performance. No one else on earth has ever reduced emissions or made money doing this, so I'll be watching and keeping everybody informed with all the good news that is sure to be coming. And, of course, we will all be breathing easier watching those carbon emissions plunge as soon as you start spending this money!

Yours respectfully,

Kevin O'Leary

A Letter to Kathleen Wynne from Kevin O'LearyÂ*|Â*Kevin O'Leary
 

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
21
38
kelowna bc
First of all I don't think the Liberals would accept him
Second he would lose more votes than he gained.
If there is anyone I disliked more than Harper it is Kevin
 

Mowich

Hall of Fame Member
Dec 25, 2005
16,649
998
113
76
Eagle Creek
First of all I don't think the Liberals would accept him
Second he would lose more votes than he gained.
If there is anyone I disliked more than Harper it is Kevin

Anyone willing to hold politicians to account gets a nod from me. At the Manning Conference he told the audience that this is what he was going to do - go after politicians and make sure that Canadians know where their money is being spent. I say, go for it Kevin.
 

Murphy

Executive Branch Member
Apr 12, 2013
8,181
0
36
Ontario
Oh Kev! What a guy. He just loves to watch people dance and squirm.

Good for you, buddy!
 

personal touch

House Member
Sep 17, 2014
3,023
0
36
alberta/B.C.
To: Kathleen Wynne

From: Kevin O'Leary

Re: New Cap and Trade Slush Fund

Hi Premier, just saw you are setting up a new $1.9 billion cap and trade fund that you and Finance Minister Charles Sousa will be overseeing. Congratulations, you two are now managing the largest hedge fund in Ontario's history!

I'm just as optimistic as you are. But I recently made a promise to every taxpayer in Canada that I would call out mediocrity, incompetence and risk in government economic and fiscal policy, so I feel the need to verify a few things:

1. This new slush fund will have its own independent and transparent account, right?

2. I will need a quarterly statement of fund flows in and out of the account documenting the source and use of proceeds. After all, someone in your government might forget that this money was earmarked to reduce carbon emissions and spend it on something else.

3. I expect to be informed on administrative head count. Rumour has it you're planning on hiring hundreds of new government employees to administer the fund. You know how snippety some people can get when you swell government payroll when no one else can find a job in this economy!

4. I heard Mr. Sousa say on the radio that you're going to be making new and exciting investments in "green tech". I will need to know the terms of each deal, what I paid for my equity or debt positions, my voting rights and what governance is in place in each investment.

5. I expect you'll be hiring an independent auditing firm to value each investment on a mark to market basis and provide a going concern letter in cases where investments might not have worked out as planned. Also "green tech" companies have a nasty habit of going bankrupt as soon as their government subsidies end, but with your and Mr. Sousa's long track record of picking winners in this industry, I'm not worried about that.

6. I'd like you to offer some consolation to parents in Ontario who are concerned they're leaving their children a $308 billion debt. Such worry warts! Yes, our $308 billion debt makes Ontario the most leveraged jurisdiction in North America. We now have twice the debt of the state of California with half the population!

7. Oh yes, just one more thing. You promised that this initiative was going to reduce carbon emissions, so I will need the reduction data on a quarterly basis as well.

I know your critics say you could have left all this money in the hands of companies that employ thousands of Ontario workers and in the pockets of entrepreneurs who create new jobs in Ontario, but you told us you could do a better job with it and you didn't give us a choice anyway. We're already one of the most uncompetitive and highest taxed jurisdictions in North America, so who cares about a few more billion in taxes?

Well, maybe some taxpayers did care. They were some of the 29,000 Ontario residents that were affected by your last 2% super tax on Ontario's high earners. I know they were very concerned about air quality too. Many moved to Nassau where carbon emissions are low. They don't pay tax in Ontario any more so let's forget about them. They're not going to give us any more trouble or tax revenue.

On behalf of myself and all the Ontario taxpayers who still live here, I want to know that you're our leader on this fund.

Before you know it, there's going to be another election in Ontario and I'm going to make damn sure both of you get all the credit you deserve on this.

Oh, and good luck with the funds performance. No one else on earth has ever reduced emissions or made money doing this, so I'll be watching and keeping everybody informed with all the good news that is sure to be coming. And, of course, we will all be breathing easier watching those carbon emissions plunge as soon as you start spending this money!

Yours respectfully,

Kevin O'Leary

A Letter to Kathleen Wynne from Kevin O'LearyÂ*|Â*Kevin O'Leary
when i first read this letter,all I thought was Mr. Oleary writes letter like I did when i first started politics,it proves being rich and having the capacity to write effective letters are not related.i no longer feel ridiculous about my previous immature letter writing.
 

Mowich

Hall of Fame Member
Dec 25, 2005
16,649
998
113
76
Eagle Creek
You have to do something, Ms. Notley – here’s a four-point plan for Alberta

Kevin O’Leary

Contributed to The Globe and Mail
Published Friday, Mar. 04, 2016 5:00AM EST
Last updated Friday, Mar. 04, 2016 7:21AM EST


From: Kevin O’Leary

To: Alberta Premier Rachel Notley

Hi Premier Notley, how’s it going? Actually, you don’t need to answer that – it’s obviously a pretty grim situation we all find ourselves in today.

Energy is the No. 1 export in Canada by miles; nothing even comes close. Energy, energy services, and transportation represent as much as a third of our economy. You are the steward of a very important economic engine. If anything bad happens to Alberta, we’re all screwed. And bad things are happening.

I recently promised Canadian taxpayers that I would call out incompetence, mediocrity and risk in government policy. That’s why I’m writing. Since you took over as Premier, the price of oil has collapsed, the dollar has cratered and 73,000 Albertans lost their jobs last year.

I heard you say recently that none of this is your fault because you don’t control the price of oil. That’s true, but the fall in the dollar and a lot of the job losses have your name all over them.

First, the dollar. A weak dollar is bad for Canada. Our companies can’t competitively become productive if they can’t buy technologically-advanced services or new plant equipment. Now, they’re working with a dollarette that’s lost 35 per cent of its value .
No one wants to buy the Canadian dollar, and you’re a good part of the reason.

Energy is a multitrillion-dollar global sector, and it’s part of every country’s economy. If you’re a sovereign fund, you might invest 10 per cent to 20 per cent in energy companies globally, adjusted for GDP weighting. Canada would receive 2 per cent to 3 per cent of any global funds allocation – so in the case of a $100-billion fund, about $345-million. In order to make this investment, global portfolio managers would use their British pounds, Swiss francs or U.S. dollars to buy Canadian dollars and then use them to buy debt or equity positions in Canadian energy and energy service companies. Thousands of these funds were investors in Canadian energy – until you showed up to speak, uncoached, in New York a few months ago. You told them you were raising corporate taxes by 10 per cent, beginning a review of royalty rates and planning to introduce billions in new carbon taxes. All while the price of oil was collapsing. What were you thinking? That was the worst road show in Canadian industrial history. No wonder the dollar collapsed, and the market cap of Alberta-based Canadian energy companies followed suit. Global investors checked out by the billions. They sold their Canadian dollars and invested in other countries’ energy sectors.

By the way, you still haven’t announced what royalty rates are going to be on the output from new energy capital investments. No one is going to invest in new Alberta energy projects until they can calculate their returns. Why is this taking so long? Investors hate uncertainty.

Now, let’s talk about the 73,000 lost jobs. A lot of the blame for this falls on your shoulders. Early in your mandate, when oil prices were declining, you should have leaped into action. Instead you spent your time travelling around, discussing new climate-change initiatives. Are you kidding? That’s not your primary mandate. Your first concern should have been jobs. It doesn’t mean you had to abandon environmental issues in the long term, but you have put your people first. You breached this trust and now you’re paying for it.

It must frustrate you that a guy from Ontario is holding your feet to the fire this way. Unfortunately, Alberta is such a large part of the Canadian economy that when it catches a cold, the whole country gets sick. And right now, Alberta has influenza. I bet thousands of Albertans are writing you letters, but they don’t have the national media publishing theirs. I’m writing on their behalf. And I’m just getting warmed up.

I'm interested in affecting economic and fiscal policy when I see it broken. And your policy plan is definitely broken – in fact, as far as I can tell, you don’t have one. So I’m going to give you one.

1) Reverse the 10-per-cent increase in corporate taxes that you implemented at the beginning of your mandate.

2) On existing oil-and-gas production, slash royalty rates by 50 per cent for the next 24 months so companies have more cash for employee retention. These people are highly trained, valuable assets and no company wants to let them go. But your ill-timed tax increase and royalty uncertainty has caused companies to reduce risk by lowering costs. The short-term 50-per-cent reduction in royalty rates gives them more cash to sustain them during the downturn. Meet with each large-cap CEO and tell them that you’ll be increasing royalty rates in the future to make back what you’re giving up now. The point is, you want to keep those energy workers employed during the downturn.

3) On new oil-and-gas production capital expenditures, implement a 12-month capital cost allowance acceleration. In other words, if anybody is willing to invest in new Alberta production, they can write off the entire investment in the year it occurred.

4) On any new capital investment, there will be a 36-month royalty holiday on any new production of oil-and-gas flows. New capital investments create new jobs.

Of course, this will create deficits, but you are going to get those anyway. At least with this plan, you’re not at war with the No. 1 industry and employer in your province. And all this will help the Canadian dollar – investors will have to buy it if they wish to invest.
Put it all in a presentation and hit the road. Your message to the world is simple: Alberta is back in business and has the most attractive terms and potential returns for any energy investor on Earth.

Every day billions of dollars are deployed in the energy sector around the world. Your job is to make sure that Alberta is the most attractive place to invest them in. On that count, you’ve failed miserably.

If you reject all of these ideas, then come up with better ones. Doing nothing is not an option unless you want to see another 73,000 Albertans lose their jobs.

You have to do something, Ms. Notley – here’s a four-point plan for Alberta - The Globe and Mail
 

personal touch

House Member
Sep 17, 2014
3,023
0
36
alberta/B.C.
Mr. Oleary writes like grade 7 letters,then again Mr.Oleary can do anything he wants.
i think he was funny and evidently cheap to offer Alberta such meager offerings,Rachel probably has not stopped laughing as she holds her holster close to her waist.
Kevin Oleary is a cheap a ss!
 

Mowich

Hall of Fame Member
Dec 25, 2005
16,649
998
113
76
Eagle Creek
Mr. Oleary writes like grade 7 letters,then again Mr.Oleary can do anything he wants.
i think he was funny and evidently cheap to offer Alberta such meager offerings,Rachel probably has not stopped laughing as she holds her holster close to her waist.
Kevin Oleary is a cheap a ss!

Rachel Notley would do well to pay attention to several of the points Kevin makes in his letter. Of course, being Rachel Notley she will do anything but.
 

personal touch

House Member
Sep 17, 2014
3,023
0
36
alberta/B.C.
This guy Oleary pops up once in a while, I know what he looks like and I have him in my azzhole file.
it is good to have an azzhole file,but i think it is good sometimes to be good to an azzhole,because at times azzholes come in handy.
Azzholes at biker bash's come in real handy,"hug an azzhole today".
i know nothing about Mr.Oleary,he just seems like a fun guy,likes "reality tv" like the rest of us,but this is where it all stops,I don't hear a word he says,as I cannot hear him,he provokes me into laughter,this is a good thing.