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Tuesday 11 January 2011

PR will make Msia Greece? BN has ALREADY made Msia Greece

I do hate it when people say stupid things:
Prime Minister Najib Abdul Razak lambasted today the opposition’s 100-day reform plan, which was unveiled last month, describing it as populist and irresponsible.He said the plan was unrealistic because it did not state the source of funds to finance the undertaking.
“We should not be too populist to the extent of pawning the country’s future. We should not act that way; it’s irresponsible and will cause our children and grandchildren to suffer.
“In fact, it won’t take that long; in just two years, according to our estimates, our country will become like Greece if the plan is implemented without regard to the country’s means to implement it,”
First, allow me to refer you to my colleague Rafizi’s quick response, backed up with numbers and real research.
Beyond that, I do not enjoy rehashing comments already made, so I seek your indulgence in allowing me to repeat comments made last May, which I think are still eminently relevant:
MK:
Malaysia risks becoming the next Greece unless voters swallow subsidy cuts that will see the price of petrol, food, electricity and other staples rise, a government minister warned today.
Idris Jala, a minister in the prime minister’s department who heads the body advising the government, said that Malaysia’s debt would rise to 100 percent of gross domestic product by 2019 from 54 percent of GDP at present without the cuts.
“We don’t want to end up as another Greece,” he told a roadshow, referring to the European Union member whose debt woes have unsettled global markets.
100% disagree: subsidies is what could make us another Greece.
100% agree: we are on our way to becoming another Greece.
Now, I understand this Idris Jala chap isn’t too bad a guy, but what he is saying here is straight out of the BN bullshit spin handbook.
Does anyone believe for a second that the real problem behind Malaysia’s economy = too many subsidies?
I’ll admit that from an economic point of view, the issue of subsidies are contentious.
Nonetheless, I’m absolutely confident that it is a drop in the ocean compared to what is really destroying and ruining our economy, and truly bringing us close to a Greek scale tragedy: corruption.
Observe Wikipedia:
However, the Greek economy also faces significant problems, including rising unemployment levels, inefficient bureaucracy, tax evasion and corruption.
In 2009, Greece had the EU’s second lowest Index of Economic Freedom (after Poland), ranking 81st in the world. The country suffers from high levels of political and economic corruption and low global competitiveness relative to its EU partners.
Oh. Sound familiar?
No need to repeat our litany of RM 500 million submarine commissions, MCA presidents who get fired because of PKFZ investigations, missing jet engines, election bribery. (whoops, just did).
So, YB Idris and YAB Najib, please don’t try to mislead the rakyat. Removing subsidies hurts the least protected in society – why don’t you remove the corruption that is bleeding the entire nation dry, just so you can line your own pockets.

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