Speech from the Throne - August 2009
The pace, depth and scope of the economic crisis surpassed expectations. We have been hit by seismic economic shifts that were unpredictable and brutally deceiving in their speed and force.News Headlines:
- Apr 14/09 - International Monetary Fund put losses from crisis at $4.1 trillion;
- Mar 10/09 - Job prospects hit 27 year low;
- Mar 03/09 - U.S. Government announces $200 billion for consumer-backed debt;
- Feb 19/09 - Credit Union predicts 42,000 BC jobs lost in 2009;
- Feb 11/09 - Mortgage applications at 8-year low;
- Feb 04/09 - Construction industry hit hardest by recession;
- Jan 11/09 - NATO Chief: Financial crisis poses risk;
- Jan 15/09 - B.C. caught in recession downdraft, credit union economist says;
- Jan 05/09 - 2009 U.S. national debt to rise $2 trillion;
- Dec 17/08 - U.S. housing slump worsens;
- Dec 11/08 - B.C. headed for recession: TD Bank economist;
- Nov 29/09 - What to do about global economic meltdown;
- Nov 03/08 - Economic meltdown hits Canadian universities;
- Sep 22/08 - U.S. meltdown puts heat on Canada
Speech from the Throne - February 2009
- Now is not the time to take more money out of our economy through higher taxes.
- Education is the best economic development and health promotion program ever invented. In tight economic times, it is only smart to maintain and expand educational investments.
- Now is the time to build. Interest rates are at record lows, commodity prices are at rock bottom and competition is intense. The federal budget offers a major new pool of capital that can help the province to meet tomorrow's needs by building today.
- [We plan] a total of $14 billion in new and ongoing public capital construction and 88,000 jobs throughout the province. Many of those projects will be launched in the next 90 days. All will be accelerated to the maximum extent possible.
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