NEWS RELEASE

                                                                                       Office of the Official Opposition

November 25, 2008
For Immediate Release

Government has no proactive plan to deal with economic crisis

The Williams Government has no proactive plan in place to deal with the growing economic crisis and that was evident under questioning today in the House of Assembly, says Opposition Finance Critic Kelvin Parsons.

During question period, Parsons asked the Ministers of Fisheries and Aquaculture, Natural Resources and Innovation, Trade and Rural Development about the impact the economic crisis would have on their respective departments. Parsons noted that the fishery is experiencing great uncertainty and a lack of borrowing capacity; layoffs are taking place in the mining and forestry sectors; the price of oil is dropping having an impact on the commuting workforce; and projects such as Hebron and the Lower Churchill still face uncertainties before development can occur.

“I was surprised today to learn that despite the growing economic crisis in our province and country, this government appears to have no plans in place to deal with the situation,” said Mr. Parsons. “It appears they have a wait and see attitude and are unwilling to do anything that shows foresight or proactive planning.

“Each of the three ministers indicated they were monitoring the situation and believe the economy will weather this crisis. Monitoring the situation is not sufficient and there appears to be little or no consultation taking place with industry or business groups to determine what action may be necessary in the future should help be required. 

“In the spirit of good economic planning, I encourage government to take this issue more seriously and begin developing plans to deal with potential economic fallout. I would hope these plans will never have to be used, but it never hurts to be prepared. It’s best to be proactive instead of reactive.”

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Media Contact: 
Darrell Mercer
Director of Communications
Office of the Official Opposition
Tel: (709) 729-6151 or (709) 687-0477