Wednesday, June 2, 2010

NDP Straddles Fence on Crown Surpluses

The NDP was railing yesterday about the transfer of $778 billion from ICBC's surplus to general provincial coffers. Mike Farnworth claimed the government had a "guilty conscience" after pillaging the crown corporation to fund other government priorities. So, if I am correct, the NDP now believes crown corporation surpluses should be distributed to back to their customers. How odd, considering that a few short months ago it was the NDP who was outraged over BC Hydro, BC Lottery Corporation, and ICBC spending money on 2010 Olympic marketing and promotions. The NDP of months ago demanded that this crown corporation money should instead be funneled to other government services such as education and health care. Hmm, that sounds an awful lot like what the government is doing with the ICBC surplus. In fact, ICBC will be dropping insurance premiums by almost 2%, beefing up its rainy-day fund, AND helping to fund other government services. Yet again, the NDP show that nobody talks out both sides of their mouths better.

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