The Williams Effect, 2009 (I)

In conformity with the theory of the Williams Effect, which states that macro-economic trends in the provincial economy are attributed to the very existence of Danny Williams-Government, the dismal prediction on the part of the Conference Board of Canada must also be Danny Williams-Government’s responsibility.

Right?

Sharp declines in forestry, mining and manufacturing will send Newfoundland and Labrador’s economy tumbling by 3.6 per cent in 2009. In 2010, declining offshore oil production and weaker construction activity will lead to a further decline of 0.5 per cent in real GDP.