"We can't allow things that are inaccurate to stand." — The Word of Our Dan, February 19, 2008.

Saturday, June 27, 2009

Subsidies are bad, mkay

Superdanny jets off again to counter-spin some negativity (or possibly pessimism or crap):
Premier and Union Disagree Over Government's Stance on Fishery
June 27, 2009

Premier Danny Williams doesn't buy the union's contention that government is doing little to help offset problems in the fishery. Several hundred plant workers and fishermen demonstrated at the plant in Anchor Point yesterday morning, accusing government of ignoring their plight. Many sectors of the fishery have been hit hard this year, and the FFAW is advising shrimp harvesters to tie up their boats. They have not been able to work out a satisfactory price with processors. While Williams says his government is ready to step up, one thing it will not do is offer subsidies. He says that approach would end up hurting the fishery.

FFAW President Earle McCurdy, who was in Anchor Point for the demonstration, doesn't accept the premier's response. He's concerned that rural Newfoundland and Labrador is being hung out to dry.

The Premier tells VOCM listeners, "but, y'know, there's certain things we just simply can't do, and subsidies is one of them."

There you go.

We don't believe in subsidies.

At least not any more. Or not for some industries.


At 9:59 PM, June 27, 2009 , Blogger Edward G. Hollett said...

Subsidies are bad.

But when they are investments, they are good.

Stop calling them subsidies.

Call them investments.

Or "equity stakes."


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