Two
of the announcements in Gordon Campbell's speech to BC Liberal
convention delegates are getting prominent media attention;
they are little more than acknowledgements of mistakes in
his first term.
Campbell
announced that a government trust account in the amount
of $1,000 will be established for babies so they can use
the proceeds when they are ready for higher education, including
university, college or apprenticeship programs. For those
not familiar with compound growth, at 6% average annual
interest, $1,000 today becomes $2,854 in 18 years. The Campbell
government almost doubled tuition fees before capping their
growth at the rate of inflation. According to a government
news release, "In 2006-07, undergraduate students in
B.C.'s public universities are paying an average of $4,636
for their tuition." At 2% annual growth, in 18 years
average tuition would be $6,621, meaning Campbell's gift
of $1,000 is worth approximately half a year's tuition 18
years from now, assuming inflation remains in control and
no government removes the cap on tuition like Campbell once
did. Can a contract-breaking politician, who increased tuition,
be taken seriously when he promises to deliver a half year's
tuition 18 years from now?
Campbell
also announced that smoking would be banned in all public
buildings by 2008. Let us not forget that when Campbell
came to power the Workers Compensation Board had regulations
banning exposure to second hand smoke, scheduled to take
effect September 10, 2001, but Campbell overruled the WCB
and created exemptions, allowing smoking rooms in casinos
and bars. Five years later Campbell admitted that he was
wrong, but he can't bring himself to use those words. Meanwhile
the leading edge on combating tobacco has shifted to banning
smoking in public outdoor areas, including patios, sidewalks,
parks and within 9 meters of the entrance to any public
building. Campbell's announcement means that by sometime
in 2008 BC will get back to where it was in 2001, but not
nearly as far ahead as California where some municipalities
have banned smoking at the beach.