We're clearly going into an economic downturn. No one knows if it's short-term or long-term. There will be, under these circumstances, a lot more people who are required to draw on employment insurance to assist them in this time that's ahead of us. If you have lowered the premiums, which the government could do at any time it wanted prior to having a crown corporation, how are you going to deal with that? Let's say the premiums are where they are now, and you suddenly have a huge spike over the next two years of people needing assistance. How are you going to respond to that?
On May 1st, 2008. See this statement in context.