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The Glass Isn't Half Full Or Half Empty... It is Getting Drained

By Ben Meisner

Thursday, November 29, 2007 03:46 AM

        

If you have listened to the politicians in recent months they all talk about the glass being half full not half empty or something to that effect.The reality is that most of them are shielded from the real world.

The shoe is dropping and so far all we are hearing is that the economy of the region is “diversifying”.

Talk to the 300 people who are about to hit the bricks from Canfor mills in Prince George and Mackenzie.  Talk to the 150 people who have already lost their jobs in Mackenzie. Or you may wish to talk to the people who are seeing down time at any one of a dozen mills in the region , or the workers in Ft St James who don’t even know if they ever will be back to work in that community.

Are we doom and gloom? 

Well let me add yet another dimension. What about those who are contractors for the companies such as Canfor who have curtailed production, what about those workers who we rarely hear about? , When 300 workers get laid off it just doesn’t stop there, this is fall out ,major fall out, we just can’t seem to get our head around that.

Now lets look at the events of the past six months to see if we are lining up for a perfect storm.

The Oil patch takes a  major nose dive and suddenly the economy of even places like Ft McMurray have ground to a halt.

The slow downs in the patch in Ft St John, Dawson Creek and Tumbler Ridge are just now making their way into the pocket books of people who formerly did business in the north. The bright spot has been Tumbler Ridge coal which continues to move.

But then can you remember back a month or so when Kemess Mine announced it would not go  ahead with its two billion dollars project, it went into the ash can and with it 400 jobs that pay on average $90,000 a year.

Then along came Galore Creek.  Just when we were saying the mining industry will carry us for the next few decades while the forest industry revives after a fatal blow from the mountain pine beetle, the project was put on hold. That was another two and half billion dollar project .

What happened the following week, the government announced  the hydro power extension along highway 37 into the area north to the Bell Irving River is on hold. Galore was in for 158 million of the total 400 million cost.

Then there is that ever pressing problem of the Mountain Pine beetle destroying 85% of the lodgepole pine in rural BC. along with a US housing market  that if it isn’t being called in a depression certainly should.

We may have a strong dollar that would normally, at the very least encourage people to take a cheap holiday.  A holiday is not uppermost in many people’s minds. As we get ready to enter 2008 the glass is getting quickly drained, but there are many out there who don’t want to admit it.

I’m Meisner and that’s one man’s opinion.


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Comments

Bang on Ben!
There are many who are still asleep at he wheel as the B.C.economy heads into the ditch,and things will get worse before they get better.
Not that any politican will be admitting to that anytime soon,because in the run up to another election prior to 2110,this is exactly what they had hoped to avoid!
That would read "2010"!
Hate to sound like a broken record, but it doesn't matter whose in power. We supply raw materials without getting their full value realized. Our governments don't control our economy, resource prices do. I'd be a little worried if I had let the banks talk me into taking out my "equity" to live beyond my means. I know some people who are gonna have $400K mortgages living in $200K houses (when the inflated PG market corrects) OUCH!!
Sometimes reality is hard to accept.
metalman.
Let's all pack up and move away. Obviously there's no hope for us here so why bother!?!?!?
Well what about the olympics? Are we not supposed to get a big spinoff here in the north.

You say our government cant control the economy. You missed something Pulpworker. They know how to run it into debt and destruction.

The NDP had a 4 million overun on the ferries it will be interesting what will be left of BC when Gordo finishes with the Olympics. And closer to home we have a Mare that walks around with his head up his a** . The committee of the hole are now looking at our City budget and how they can swing another tax increase and still get re-elected. GOD HELP US.

Cheers
It is extremely important to the provincial government to portray a positive and prosperous image for B.C.as the 2010 Olympics approach.
And it seems they have been doing exactly that for quite a while now.
Anything less will be seen as having an effect in the overall marketing and hype with regards to the games and their dollar returns.
It also is seen as making the government look a bit stupid for spending all that cash when things are not quite as rosy in the province as they would have everyone believe.
Political image is everything!
The problem with that itself,is that by ignoring what is REALLY happening to the economy in many areas of B.C.,nothing gets put on the table to be dealt with and solid solutions found.
And with gross expenditures like the Olympics and it's infrastructure,dollars are tight.
What is happening here in the north is a prime example of that.
Finding alternative economic solutions should be happening NOW,but it appears that there are those who would rather pretend there is nothing wrong until AFTER 2010.
Remember Emperor Nero who fiddled while Rome burned?
If nothing else,the this government should at least be hearing footsteps behind them!
We need to do more research and development to learn how to cut down trees economically.
"The NDP had a 4 million overun on the ferries it will be interesting what will be left of BC when Gordo finishes with the Olympics."

The NDP never bought any new ferries when the fleet was already badly aging. That's why B.C. has to play catch-up now by having new ferries entering into service as quickly as possible. They cost money, of course.

It's easy to have a surplus when no significant money is re-invested to keep a business up-to-date and running, much like the BCR.

I have a cold and I blame it on Gordon and the Olympics.