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Thatcher and his Liberals were reelected in 1967, but were defeated in a landslide by Allan E. Blakeney (1925-  )<ref>See [http://esask.uregina.ca/entry/blakeney_allan_e_1925-.html ''Encyclopedia of Saskatchewan'']</ref> and the NDP in 1971. The NDP was reelected in 1975, as the long-dormant Progressive Conservative party made a comeback. The NDP decided to nationalize the potash industry in 1976-78 by buying out 45% of the mining interests.  By 1979 the Crown Investments Corporation, the holding company for the crowns, had assets of $3.5 billion and revenues of over $1 billion. Nationalization was the central issue in the 1978 elections; the NDP held its own but the Liberals were wiped out and the Progressive Conservative party grew. Prosperity was at hand, with good prices for wheat and expansion of oil and uranium.  The NDP spent resource revenues to build on the social welfare legacy of the CCF. It introduced a guaranteed income supplement for senior citizens, a family income plan for the working poor, a children's dental service, and a prescription drug plan. Saskatchewan joined Alberta against Ottawa in the fight for control of natural resources.
 
Thatcher and his Liberals were reelected in 1967, but were defeated in a landslide by Allan E. Blakeney (1925-  )<ref>See [http://esask.uregina.ca/entry/blakeney_allan_e_1925-.html ''Encyclopedia of Saskatchewan'']</ref> and the NDP in 1971. The NDP was reelected in 1975, as the long-dormant Progressive Conservative party made a comeback. The NDP decided to nationalize the potash industry in 1976-78 by buying out 45% of the mining interests.  By 1979 the Crown Investments Corporation, the holding company for the crowns, had assets of $3.5 billion and revenues of over $1 billion. Nationalization was the central issue in the 1978 elections; the NDP held its own but the Liberals were wiped out and the Progressive Conservative party grew. Prosperity was at hand, with good prices for wheat and expansion of oil and uranium.  The NDP spent resource revenues to build on the social welfare legacy of the CCF. It introduced a guaranteed income supplement for senior citizens, a family income plan for the working poor, a children's dental service, and a prescription drug plan. Saskatchewan joined Alberta against Ottawa in the fight for control of natural resources.
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Voters went to the polls in 1982 as the economy started slipping, with falling prices for wheat, oil, potash and uranium. The NDP was routed after a dozen years in power, dropping from 45 seats to 9 while the the Progressive Conservative party took all the other 55 seats. The new premier was 37-year-old economist Grant Devine (1944- ),<ref>See [http://esask.uregina.ca/entry/devine_grant_1944-.html ''Encyclopedia of Saskatchewan'']</ref> who won with a simple populist message: the people should share in the wealth of the province rather than watch it contribute to the expansion of the 24 Crown corporations. The new government ended the 20% tax on gasoline and lower interest rates on mortgages. It was reelected in 1986 and began selling off crown corporations. The government said the companies would operate more profitably as private businesses. The opposition NDP warned that the sales would result in loss of control over the province's key economic sectors.
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Voters went to the polls in 1982 as the economy started slipping, with falling prices for wheat, oil, potash and uranium. The NDP was routed after a dozen years in power, dropping from 45 seats to 9 while the Progressive Conservative party took all the other 55 seats. The new premier was 37-year-old economist Grant Devine (1944- ),<ref>See [http://esask.uregina.ca/entry/devine_grant_1944-.html ''Encyclopedia of Saskatchewan'']</ref> who won with a simple populist message: the people should share in the wealth of the province rather than watch it contribute to the expansion of the 24 Crown corporations. The new government ended the 20% tax on gasoline and lower interest rates on mortgages. It was reelected in 1986 and began selling off crown corporations. The government said the companies would operate more profitably as private businesses. The opposition NDP warned that the sales would result in loss of control over the province's key economic sectors.
    
After taking over balanced books in 1982, the Progressive Conservatives spent liberally on a number of voter-friendly initiatives, including tax rebates and mortgage subsidies, as well as investing millions in several money-losing megaprojects. The provincial deficit peaked at $1.2 billion in 1986-87, and the accumulated debt rose from $3.5 billion to $15 billion.  The Progressive Conservatives, based in rural areas and small towns, lost many rural voters after pushing through the unpopular U.S.-Canada Free Trade Agreement in 1989. As a result, the NDP was returned to power in 1991.  
 
After taking over balanced books in 1982, the Progressive Conservatives spent liberally on a number of voter-friendly initiatives, including tax rebates and mortgage subsidies, as well as investing millions in several money-losing megaprojects. The provincial deficit peaked at $1.2 billion in 1986-87, and the accumulated debt rose from $3.5 billion to $15 billion.  The Progressive Conservatives, based in rural areas and small towns, lost many rural voters after pushing through the unpopular U.S.-Canada Free Trade Agreement in 1989. As a result, the NDP was returned to power in 1991.  
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