Leader of Social Credit Party

He was elected the leader of the Socred Party in November 1973, at a convention in Whistler, British Columbia. This convention also changed the name of the party to the British Columbia Social Credit Party. Bennett set about establishing a political organization modelled closely on, and using staff loaned by, Bill Davis's Ontario "Big Blue Machine". Bennett's organization was called the "Baby Blue Machine". He embraced a new coalition of Liberals, social conservatives, and the corporate sector, rather that appealing to the populist base as his father had done.

Premier of British Columbia

He became premier of the province in the 1975 election when his party defeated the New Democratic Party of Premier David Barrett. In the election of December 11, 1979, the Social Credit Party was re-elected with a reduced majority, followed by another one in the 1983 election. He served until August 6, 1986.

His cabinet included politicians new to the provincial scene who would soon become some of BC's most prominent political players. These included Grace McCarthy, Bill Vander Zalm, Garde Gardom, Rafe Mair and Jim Nielsen.

Inspired by conservative economist Milton Friedman, his government passed a series of laws, known as the "Restraint" program, which slashed social services and gutted labour laws in response to economic woes in 1983, provoking a general strike which further crippled the economy. To justify massive education cuts, Bennett blamed many of the province's difficulties on public school teachers, an argument that deeply split the electorate. In several television interviews, he labeled those who disagreed with his policies as "bad British Columbians".

On the other hand, his ostensibly anti-socialist government spent hundreds of millions of dollars to bring Expo 86 to Vancouver and related projects including BC Place, the city's SkyTrain rapid transit system, and the Vancouver Trade and Convention Centre. His government also built the Coquihalla Highway at a cost of hundreds of millions of dollars with non-union Kerkhoff Construction Company as the main contractor. It distributed free shares to British Columbians for the British Columbia Resources Investment Corporation (BCRIC). His government also spent over $1 billion on the Northeast coal project to create jobs. Critics noted that by creating only 1,000 jobs, each job cost taxpayers $1 million.

Controversies

In 1996, Bill Bennett was convicted under B.C. securities laws of insider trading involving the sale of shares in Doman Securities, a Duncan, B.C. company, two years after he stepped down as premier. This was known as the Doman Scandal. A British Columbia Securities Commission panel imposed trading sanctions against Russell James Bennett and Harbanse Singh Doman and ordered them along with Bill Bennett to pay the commission $1 million to cover the costs of an insider trading case that spanned 11 years.

British Columbia Resources Investment Corporation (BCRIC or "Brick") (Social Credit Party), a holding company formed under the government of William R. Bennett, was a public boondoggle involving publicly distributed and soon-worthless shares of a former Crown Corporation. Shares briefly rallied, then dropped and settled at less than one dollar.

Bennett's tenure also included mega-projects such as the Coquihalla Highway, which cost approximately $848 million.

Retirement

Though still reviled by the left, Bennett remains generally highly respected among conservatives in BC, who view his rule as a "golden era" before the corruption of the governments of Bill Vander Zalm and the New Democratic Party that succeeded him. In his later years Bennett advised past BC Premier Gordon Campbell, who openly stated his desire to emulate the policies associated with Bennett's government.

In 2007 Bennett was appointed to the Order of British Columbia, B.C.'s highest award for achievement. The new replacement bridge across Okanagan Lake in Kelowna is named after him.

Illness and death

Bennett was diagnosed with Alzheimer's disease around 2007 and in his later years, lived in a long term care facility. He died on December 3, 2015 at the age of 83.

[ Source: Wikipedia ]