B.K. Watson, leader of the B.A. New Democratic Party (NDP), has criticized the Liberal government of B.N.F. president Joe Oliver for “dismissing the existence of a crisis in B.ca” over the province’s economic and political crises.
He also said he was not surprised that Oliver did not speak out about the crisis in the media.
“The B.F.’s own financial management, a lot of the decisions that were made in that government were made on the basis of a false premise,” Watson told reporters on Friday in the legislature.
He added that Oliver was trying to distract attention from the BCA’s crisis in his government’s plan for a $2-billion loan.
“The only way for the B-C to save its economy is for the Premier to come out and speak about it and make the case for it.”
“I’ve said for years, and I still say it today, that the only way B.B.C.’s economy can survive is if Joe Oliver comes out and speaks about it.
We’re going to be here for as long as he wants to talk about it.”
The Liberal government is in the middle of a multi-million-dollar stimulus package and is seeking to boost B.
Ca.’s GDP by nearly $1 billion.
Oliver said in an interview on Thursday that the BCSB had been a good first step, but that it had to be sustained and he was looking to add more financial institutions and help support local banks.
In the same interview, Oliver said he did not think B.M.G. would ever be able to raise more than $1-billion in a single year and he believed that the government was “not doing its job.”
He also told reporters that B.R.C.-owned banks were not yet at capacity and that there was still a lot that needed to be done to increase bank capital.
The Liberals have said that they are looking at raising a maximum of $100 million in capital and Watson said he would support that goal.
However, Watson said that the $2 billion loan to B.
Cal.’s B.P.L. will not be paid back.
With files from Associated Press